Southeastern Asset Management came to the defense of Chesapeake in a recent newsletter, saying that issues surrounding leadership controversy are now moot thanks to changes in the company’s governance.
Southeastern Asset Management came to the defense of Chesapeake in a recent newsletter, saying that issues surrounding leadership controversy are now moot thanks to changes in the company’s governance.
Standard & Poor’s has revised its financial outlook for BP to positive, despite ongoing material payments related to the 2010 Macondo oil spill in the Gulf of Mexico, S&P reported.
Halliburton said Thursday that a Texas court has blessed a settlement that will resolve a three-year-old suit brought by shareholders who accused board members of facilitating illegal activity in Nigeria, Iran and the US.
Oil prices rose a seventh straight session on Thursday, reaching an eight-week high, as Middle East tensions reinforced concern about potential supply disruptions while strong corporate earnings lifted investor optimism.
Iraq’s prime minister said US President Barack Obama backed Baghdad’s concerns over ExxonMobil’s oil deal with the Kurdistan region and had emphasised Washington’s respect for the Iraqi constitution and laws.
Canada will not be able to fully benefit from huge resources of oil and natural gas unless the energy industry improves its environmental record, a Senate report concluded on Thursday.