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It is a common refrain right now for customers of heating-oil companies that are fighting to keep up with demand after the recent cold spell. The Oil Heat Institute of Rhode Island, a nonprofit trade association that promotes the sale of heating oil, said the combination of frigid temperatures and the storm last ...
Oil and gas industry group challenging proposed state question that seeks to give Oklahoma teachers $4,000 pay raise by equalizing gross production ... The Oklahoma Independent petroleum Association filed two challenges Wednesday with the Oklahoma Supreme Court against State Question 795.

Higher oil prices aren't an instant fix for Houston's economy. U.S. crude prices will have to stay above $60 a barrel for several quarters to stimulate job growth in Houston's oil-production industry, the Greater Houston Partnership said this week. The GHP currently expects Houston to add 45,500 jobs in 2018, ...
Of 32 companies in the S&P 500 energy sector, 24 posted negative earnings per share for 2016, while one company broke even and only seven booked profits. With three ... For profitable oil companies, price-to-earnings ratios are still high, because industry earnings have been depressed. So if you expect ...
Well, yesterday in New York City, listening to Mayor Bill de Blasio announce that the city had just filed a lawsuit against five oil majors and intended to divest $5 billion from fossil fuel companies, I actually felt it. After being outgunned by the power and wealth of this industry for so many years, the balance of ...
New York City is taking on the oil industry on two fronts, announcing a lawsuit Wednesday that blames the top five oil companies for contributing to global ... In November, Norway's central bank urged the Norwegian government to consider divesting oil and gas company shares held in the $1 trillion oil fund.
The oil industry criticized the Trump Administration Wednesday for excluding waters near Florida from offshore drilling. The American petroleum Institute (API) said the decision to remove the eastern third of the Gulf of Mexico from drilling consideration is "premature" and ignores safety advances the industry ...
analysts are saying that the oil and gas industry's response to the Trump Administration's announcement last week--that almost all of the U.S. continental shelf may soon be open for drilling leases--is due to be slow. The draft program, which would replace President Barack Obama's leasing plan through ...
During his years in the White House, President Obama erected barriers to oil and gas development on the West's public lands. President Trump, mindful of the energy industry's view that those rules were too restrictive, has set his sights on dismantling them. Yet for all the president's support, federal lease ...
The $3.3bn Tyra Future redevelopment project is critical in enabling Denmark to achieve its gas supply requirements while supporting future regional investments and protecting industry jobs. An agreement with the Danish government was approved by the parliament and the final investment decision on ...
companies that make packaging from plants instead of fossil fuels are starting to challenge the oil industry's ambition to increase the supply of raw materials for plastics. Use of bioplastics ... The International Energy Agency forecasts that growth in the plastics market should boost petroleum demand. It takes ...
In the oil and gas industry, that change is going to happen sooner rather than later, a phenomenon many in the business call "The Great Crew Change." After the oil bust ... The company has done a lot of work to create a culture ideal for not only their younger half of the workforce, but also the older. A vibrant ...
... two things working against the Trump Administration's proposal to open up California coastal waters to new oil and gas drilling: state regulators and simple economics. California has powerful legal tools to head off new offshore development, and the price of oil offers little incentive to the energy industry to ...
Bioplastics currently make up about 1 percent of the plastics market, according the industry's organization in Europe. They are made by processing sugars from plants and tend to have a smaller carbon footprint than their conventional counterparts. Some are also designed to naturally degrade after use.
The tax on companies selling oil in the United States generated an average of $500 million in federal revenue per year, according to the government Accountability Office. The money, collected through a 9 cents-per-barrel tax on domestic crude oil and imported crude oil and petroleum products, constituted ...

That's up from about $55 per barrel when production cuts agreed to by the Organization of Petroleum Exporting Countries took effect Jan. ... Many oilfield companies that survived the industry's latest boom-or-bust cycle, when oil prices cratered from nearly $110 four years ago, are now operating more ...
The U.S. is rolling back transparency rules in the bribe-prone oil industry ... Car lights streak past an oil rig extracting petroleum in Culver City, California. ... To fight this, the U.S. Congress passed a bill in 2010 requiring oil and gas companies listed on Wall Street to publish all payments to governments.
U.K. stocks rose for a second straight session on Thursday, with energy companies among the biggest gainers as oil prices continued their rally to trade around a three-year high. What is the market doing: The FTSE 100 index UKX, +0.32% added 0.1% to 7,677.76, setting it on track for its highest close ...
The corporate logo of the state oil company PDVSA is seen at a gas station in Caracas, Venezuela Nov. 22, 2017. ... Monaldi says that in 2003, Venezuela's then-president Hugo Chavez fired about half the workforce of the state-run oil corporation, Petroleos de Venezuela (PDVSA), for taking part in a strike.
Yet the decision marked a clear win for the oil and gas industry, which began pushing its lengthy wishlist to the administration the weeks after Trump won in November 2016. The American petroleum Institute, the industry's main lobby, said the announcement put the country "on the right track towards ...
Colorado oil and gas behemoths Anadarko Petroleum and Noble Energy both have signed on to the partnership, along with 24 companies around the ... "This is a way for us to partner with the other leaders in the industry so we can collaboratively work toward improvement and … learn from each other.".
And also there is a shortage, it seems like, at some of the oil companies to deliver the fuel," she says. "So we are being told -- even for when we call in for emergency assistance for some of the households -- is that right now, they're not going to be able to get to them until Monday." Emergency fuel requests ...
Due to new projects and increased oil prices, the company showed growth in revenue and net income. At the same time, based on ... GDP growth was 2% in 2017. And the company's CEO, Alexander Dyukov, predicts an increase in demand and consumption of petroleum products within the country.
oil companies have been inundated with calls from homeowners seeking to have their oil tanks filled. At Halle Oil, in Manchester, New Hampshire, managers said drivers haven't had a day off in weeks. Halle has an answering service that absorbs the overflow calls, but at Rymes Propane and Oil in ...
Despite the strongest start for oil prices in four years, the world's top oil companies are hesitating to accelerate the search for new resources as a determination to retain capital discipline trumps the hope of making bonanza discoveries. Exxon Mobil, Royal Dutch Shell, Total and their peers are set to cut ...
OSLO, Jan 3 (Reuters) - Seismic surveyor Spectrum's fourth-quarter revenue surge reflects a shift among oil firms towards more exploration, its chief ... oil and gas deposits, were among the first to feel the 2014-2016 oil price drop as energy companies scaled back on data purchases to conserve cash.
U.S. oil production surged to a 46-year record in October. The Energy Department said the nation's output of crude oil jumped 1.8 percent to 9.64 million barrels a day. Morgan Stanley said shale drillers pumped at the fastest rate in nearly three years. And they did it with half the rigs they had in the boom ...
American oil's awareness of global warming - and its conspiracy of silence, deceit, and obstruction - goes further than any one company. It extends beyond (though includes) ExxonMobil. The industry is implicated to its core by the history of its largest representative, the American petroleum Institute.
"This was another, in a long line of favors that the Trump Administration has been doing for the oil and gas industry in the year." ... investment on federal lands, create jobs, and promote America's energy security," Erik Milito, a director at the trade group American petroleum Institute, said in a statement.
While the market's attention within the US land oil industry has been recently attracted by the ongoing activity expansion in the Permian Basin, SCOOP, ... with some anomalies in May-June 2017 when Anadarko Petroleum shut down nearly 3,000 operated marginal wells following a fatal house explosion.
Occidental Petroleum has incredible assets in the Permian Basin that currently produce roughly half of the company's production. These assets have low costs that will drop further. Occidental petroleum is currently growing its Permian Basin production at a rate of 16% annually. That supports the company's ...
But the oil spill Liability Trust Fund can also act like a safety net when no one steps forward or companies refuse. It was funded after the Exxon Valdez spill. oil and gas companies pay a tax which is the principal source of revenue for the trust. But after the New Year, the authority to collect that tax is going ...
Midgley believes investor pressure will keep the U.S. oil industry in line in 2018 after energy companies under-performed in the S&P 500 Index this year. ... "They're interested sellers because they never intended to own an oil company," said Buddy Clark, a Houston partner and co-chair of the energy ...
Of the three downstream petroleum marketing companies in the AseM Board, (Anino International Plc, capital Oil Plc and Rak Unity Petroleum Company Plc) prices remained unchanged within the review period. For those listed in the Main Board, only two out of the seven companies emerged investors ...
A Chinese state-run company, ZhenHua Oil, will develop an oil field near Baghdad under an accord with Iraq, the oil ministry said Sunday. A ministry spokesman told AFP the target was to produce 40,000 barrels per day from the southern sector of the East Baghdad field within five years of implementation ...
Iraq's Oil Ministry invited oil companies on December 24 to submit statements of interest in building a new pipeline from the northern city of Kirkuk to Turkey's Mediterranean port of Ceyhan. The state-run Oil Projects Company said that the planned 350-kilometer oil pipeline will carry up to 1 million barrels a ...
Marathon Oil, like many others in the industry, has done a fantastic job of lowering its expenses and improving its production base, as evidenced by the recent divestiture of its Canadian oil sands assets and its entry into the Permian Basin. I think this was an absolute coup for Marathon, adding to its lower ...
ROME and London (Bloomberg) -- The fact even senior managers privately described the plan as "mission impossible" showed the scale of the task: Italian energy giant Eni SpA wanted to produce gas from the Zohr field little more than two years after finding it in August 2015. But this week, the ...
The Ohio Oil and Gas Association (OOGA) reached out to members in six Ohio counties and asked for one to volunteer to be a coordinator for the county toys for Tots collection. Carroll County Energy took on the role and members of the industry donated their time (to assist) and/or treasure (toys or money), ...
British Petroleum CEO Bob Dudley sees 2017 as a recovery year after a period of crisis that devastated the company's bottom line, according to a new report by The Financial Times. "This year has felt like a turning point," says Dudley. "We're never going to feel complacent. But it feels like we are now ...
The CEO of Italian energy concern Eni since 2014 Claudio Descalzi, and his predecessor Paolo Scaroni are among 11 individuals indicted over the alleged bribes paid to secure the oil license for $1.3 billion (€1.09 billion). The Italian company denied wrongdoing: "Eni's Board of Directors has reaffirmed its ...
Meanwhile, Canary, LLC CEO Dan Eberhart says his oil company is also planning to reinvest the extra profits, telling FOX Business' Stuart Varney on ... According to Eberhart, all businesses want to grow, but companies in the oil industry in particular have struggled over the past couple of years due to ...
Oil prices have remained robust as the end of 2017 nears, but they should be higher. In recent months, we have seen continued downward revisions in expectations, with the data showing a rapidly deflating glut. High exports, robust demand, and other factors are at play, but what's most important is that this ...
Houston-based Cabot Oil & Gas announced the sale Wednesday of most of its Eagle Ford Shale acreage for $765 million. The oil exploration and production company is selling 74,500 acres to an affiliate of Austin-based Venado Oil & Gas. The acreage is located across Frio and Atascosa counties, ...
In this Dec. 18, 2017 photo provided by Shelby Wolden, Rainy Lake Oil Co., erupts in huge balls of fire fueled by eight or nine tanks inside the company's warehouse in International Falls, Minn. Office manager Janelle Heem says the warehouse, office and gas station were destroyed. She says the company ...
The government last year had asked state-run oil firms to raise prices every month to eliminate all the subsidies by March 2018. Since the implementation of the policy of monthly increases from July last year, subsidised LPG rates have gone up by Rs 76.51 per cylinder. A 14.2-kg LPG cylinder was priced at ...
The oil industry seems to be getting it. ... Last month, for example, France's Total spent $1.5 billion to buy the LNG assets of another French company, Engie. ... Last week, as part of an initiative by the American petroleum Institute trade group, many of the nation's biggest oil companies pledged to cut ...
The basic definition of an independent oil and gas company is a non-integrated company which collects almost all of its revenues from production at the wellhead. They are exclusively in the exploration and production segment of the industry, with no downstream marketing or refining within their operations ...


 

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