BP's CEO Browne will give up job early: departure from energy giant comes amid U.S. inquiries into oil spills, refinery blast

Article Abstract:

John Browne, CEO of BP PLC, has resigned, and will be replaced by Tony Hayward. BP is being investigat ed for trading irregularities in the United States, and is also trying to recover from Alaskan oil spills and a fatal refinery fire in Texas . B y naming a new CEO, BP's board hopes to be able to reverse the company's direction.

Legal issues & crime, Executive changes & profiles, United Kingdom, Officials and employees, Company legal issue, Investigations, Appointments, resignations and dismissals, BP PLC, Browne, John (British oil executive), Hayward, Tony

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Big oil differs with SEC on methods to calculate the industry's reserves

Article Abstract:

The petroleum industry is in a set to with the United States Securities and Exchange Commission over the standard for calculating natural gas and oil reserves. A report by the oil industry finds the United States Securities and Exchange Commission method is outdated and too conservative in it estimation.

Product standards, safety, & recalls, Capital funds & cash flow, Standards, Industry Overview, Accounting and auditing, Petroleum, Petroleum reserves, United States. Securities and Exchange Commission

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