Enron Corp.’s 2001 collapse revealed the extent of its manipulation of spot gas prices. Twelve years later, European Union regulators may discover energy traders never learned the lessons of the scandal.
BP, Shell and other big oil companies have been raided by European commission officials investigating allegations they "colluded" to rig oil prices.
BP profits outperformed expectations by almost $1 billion in the first quarter of 2013 thanks in part to the high margin nature of new production that came on stream at the end of 2012 and a strong performance from its trading division.
BP has been rebuked by the Norwegian oil and gas safety authority after a leak at one of its major North Sea platforms last year.
BP is inaugurating Earth Day as a markedly less "green" company - highlighting how certain business realities have run headlong into the once lofty expectations surrounding alternative energy.
Barclays has failed to win the all-clear from a powerful investors' group about the way it is using complex financial instruments to raise capital and pay its bankers.
Standard Life, one of the City's biggest institutional investors, put executive pay back on the public agenda on Thursday when it voted against BP's remuneration report at the first major annual meeting of the season.
BP is braced for criticism from shareholders at its annual general meeting on Thursday over its executive pay regime and failure to obtain consent for dividend payments.
BP has announced that it intends to carry out a share repurchase, or buy-back, programme with a total value of up to $8bn.
Transocean CEO Steven Newman said the company’s crew on the Deepwater Horizon “should have done more” to prevent the rig’s 2010 explosion in the Gulf of Mexico.