New energy trading rules coming fast and furious
The Dodd-Frank Act passed by Congress last year has regulators at the Commodity Futures Trading Commission and the Securities and Exchange Commission drafting dozens of new rules. With the changes...
View ArticleIs SEC subpoenaing shale operators? Apparently yes.
Lawmakers have been pressing the SEC to look into how companies account for their costs of producting natural gas from shales. Has the regulator started to act?
View ArticleEXCO subpoenaed by SEC over shale accounting
Dallas-based EXCO Resources says the SEC has asked it for information on both the projected and actual production from its natural gas shale wells.
View ArticleAnother shale subpoena: Quicksilver says SEC requests information
The Securities and Exchange Commission is asking companies to share more information about their natural gas reserves accounting. The latest firm to say they've received a subpoena: Quicksilver Resources.
View ArticleSteffy: Scrutiny of Nabors’ plane perks adds to outcry
Nabors Industries, which recently came under fire for planning to pay Eugene Isenberg $100 million to relinquish his chief executive's title, now finds itself facing scrutiny for other goodies it may...
View ArticleMarathon Petroleum pipelines unit files IPO
MPLX LP, the pipelines and storage subsidiary of Marathon Petroleum Corporation, has filed plans to list its common units on the New York Stock Exchange, worth an expected $365 million, according to...
View ArticleIndustry makes last-ditch appeal against SEC disclosure rule
The oil industry today made a final plea for exceptions to proposed reporting rules that U.S. businesses say would give foreign competitors an unfair advantage while forcing them to stop drilling in...
View ArticleSEC rejects industry’s bid for exemptions in foreign payments rule
Federal regulators on Wednesday voted to require U.S. companies to disclose what they pay to harvest crude, natural gas and minerals from other countries, delivering a big blow to oil companies that...
View ArticleOil industry set to battle Dodd-Frank mandate in courts, Congress
The oil industry is poised to take its battle against new financial disclosure rules from the courts to the new Congress. Oil trade groups already launched their first strike, with a lawsuit...
View ArticleExxon CEO’s compensation rises 8 percent to $27.2M
Exxon Mobil Corp. gave its CEO $27.2 million in total compensation last year, an 8 percent increase as the oil giant posted its second-highest profit ever.
View ArticleSouthern to take $333 million charge on coal-gas plant
Southern Co., the second-largest U.S. power company by market value, will take a $333 million charge in the first quarter because of rising costs at its Kemper County coal-gasification plant.
View ArticleHouse advances plan to unleash drilling on US-Mexico maritime border
The House of Representatives advanced two items on the oil industry's wish list Thursday, by passing legislation that would unleash drilling in the Western Gap area of the Gulf of Mexico and waive new...
View ArticleSEC probe targets cash flows in Linn Energy deal
Linn Energy disclosed Tuesday morning that it is the subject of an informal U.S. Securities and Exchange Commission inquiry related to the proposed merger of its former unit LinnCo LLC with Berry...
View ArticleCourt rejects SEC rule on oil company payments
A federal judge handed the oil industry a big win on Tuesday, by tossing out a new financial disclosure rule that would require companies to reveal what they pay foreign governments in exchange for...
View ArticleForeign payments fight could jeopardize US-Mexico drilling pact
The oil industry is jeopardizing efforts to open drilling in international Gulf of Mexico waters by aggressively opposing a federal mandate to disclose foreign payments, according to a former State...
View ArticleSEC to rewrite foreign payment rule targeting oil and gas companies
The Securities and Exchange Commission said Tuesday it will rewrite a rule forcing oil and gas companies to reveal what they pay foreign governments in exchange for mineral rights, instead of appealing...
View ArticleFeds debate long-delayed U.S.-Mexico oil pact
Top Obama administration officials and senators on Tuesday touted the promise of a long-stalled international treaty to unleash oil drilling along the U.S.-Mexico in the Gulf and warned that...
View ArticleSenate passes bill to enact US-Mexico oil treaty
The Senate on Saturday unanimously passed legislation to enact a long-stalled international treaty that would govern oil drilling along the U.S.-Mexico border in the Gulf of Mexico, but the popular...
View ArticleBig Oil keeps up fight against disclosure of foreign government payments
The oil industry is continuing its fight against disclosures of specific company payments to foreign governments.
View ArticleBlack Elk Energy still feeling financial effects of blast
Black Elk Energy told investors on Wednesday that it is still dealing with financial damage from the fatal explosion at one of its Gulf of Mexico production platforms last year, even as the...
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