The scandal that rocked the energy trading world and defined “off balance sheet transactions” comes full circle Monday, Jan. 30, 2006 when former Enron Corp. Chairman Kenneth Lay and former CEO Jeffrey Skilling begin their long-awaited trial in Houston. An estimated 200 million pages of documents have been submitted, 300 potential witnesses may be called to testify, and prosecutors have named more than 100 co-conspirators in a trial expected to last up to four months.
Scandal
Articles from Scandal
Shell Updates Guidelines on Booking Reserves
Eighteen months after a reserves accounting scandal rocked Royal Dutch/Shell Group, the London-based major on Thursday published updated internal rules on how it will book oil and natural gas reserves in the future. The 42-page report is designed to meet Securities and Exchange Commission (SEC) guidelines.
June 13, 2005
Shell Issues Updated Guidelines on Booking Reserves
Eighteen months after a reserves accounting scandal rocked Royal Dutch/Shell Group, the London-based major on Thursday published updated internal rules on how it will book oil and natural gas reserves in the future. The 42-page report is designed to meet Securities and Exchange Commission (SEC) guidelines.
June 10, 2005
Pemex CEO Resigns, E&P Head Takes Over
The chief executive of Petroleos Mexicanos (Pemex) resigned last Monday following rumors of a possible scandal involving payouts for personal healthcare and housing loans without seeking approval from the state-controlled oil monopoly. Raul Munoz Leos, 65, will be replaced by Luis Ramirez Corzo, director general of exploration and production (E&P) since 2001.
November 8, 2004
Pemex CEO Resigns, E&P Head Takes Over
The chief executive of Petroleos Mexicanos (Pemex) resigned on Monday following rumors of a possible scandal involving payouts for personal healthcare and housing loans without seeking approval from the state-controlled oil monopoly. Raul Munoz Leos, 65, will be replaced by Luis Ramirez Corzo, director general of exploration and production (E&P) since 2001.
November 2, 2004
Pemex CEO Resigns, E&P Head Takes Over
The chief executive of Petroleos Mexicanos (Pemex) resigned on Monday following rumors of a possible scandal involving payouts for personal healthcare and housing loans without seeking approval from the state-controlled oil monopoly. Raul Munoz Leos, 65, will be replaced by Luis Ramirez Corzo, director general of exploration and production (E&P) since 2001.
November 2, 2004
Shell, Bechtel Put InterGen on Auction Block
In an effort to put its reserves revaluation scandal behind it, Royal Dutch/Shell kicked off a major asset sale program, putting its InterGen global power joint venture with Bechtel on the auction block last week along with the previously announced potential sale of its liquefied petroleum gas (LPG) business.
October 18, 2004
Shell, Bechtel Put InterGen on Auction Block
In an effort to put its reserves revaluation scandal behind it, Royal Dutch/Shell has kicked off a major asset sale program, putting its InterGen global power joint venture with Bechtel on the auction block this week along with the previously announced potential sale of its liquefied petroleum gas (LPG) business.
October 13, 2004
Shell Announces $2B Share Buyback Program
Under pressure to rebuild investor confidence in the wake of this year’s oil and gas reserves accounting scandal, Royal Dutch/Shell Group on Thursday announced a $2 billion share buyback. The major also reported strong quarterly operating earnings despite a 16% decline in net income.
April 30, 2004
CCRO Head: Embattled Energy Market on Road to Recovery
The scandal-ravaged natural gas and electricity industries have hit bottom and are now in a recovery mode, said the head of the Committee of Chief Risk Officers (CCRO) last Wednesday.
May 12, 2003
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
