Activist investor discloses plans for Baker Hughes
The San Francisco hedge fund, well known for muscling its way into companies and taking actions to boost stock prices, has since increased its stake in Baker Hughes to 5.3 percent and outlined a...
View ArticleRegulators approve Schlumberger’s bid for Cameron
The U.S. Department of Justice found that the transaction did not violate antitrust laws, and cleared the proposed merger without any conditions.
View ArticleBillions of barrels of oil vanish in a puff of accounting smoke
Across the American shale patch, companies are being forced to square their reported oil reserves with hard economic reality.
View ArticleSEC looking into Flotek
Flotek Industries, a supplier of equipment and materials for hydraulic fracking, said the U.S. Securities and Exchange Commission is investigating its FracMax software and the efficacy of one of the...
View ArticleSEC says Exxon, Chevron must put climate proposal to shareholders
The U.S. Securities and Exchange Commission has decided U.S. oil giants Exxon Mobil and Chevron must allow a shareholder vote on a proposal they conduct analysis on the financial impact of climate...
View ArticleSEC charges Breitling Energy, CEO Faulkner, general counsel in fraud case
By Mark Curriden of The Texas Lawbook The U.S. Securities and Exchange Commission charged Dallas-based Breitling Energy Corp. and its CEO, “Frack Master” Chris Faulkner, of fraudulently spending tens...
View ArticleSEC charges Atlas Pipeline shareholder Cooperman with insider trading
By Mark Curriden of The Texas Lawbook The U.S. Securities and Exchange Commission has charged a New York hedge fund manager with violating federal insider trading laws involving the 2010 purchase of...
View ArticleU.S. companies know the risks of climate change; Should they be required to...
A nonprofit group that sets standards for disclosing the financial impact of environmental issues is calling on U.S. companies to account for the effects of climate change on their businesses. The...
View ArticleCVR Energy settles SEC dispute
The Securities and Exchange Commission said Tuesday that it settled a case that alleged that the Sugar Land refiner company CVR Energy made inadequate disclosures in regulatory filings about fee...
View ArticleExxon slashes value of reserves
Exxon Mobil Corp. disclosed the deepest reserves cut in its modern history as prolonged routs in oil and natural gas markets erased the value of a $16 billion oil-sands investment and other North...
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