Tag: oil industry

March 29, 2023

It was just a few weeks ago that California Gov. Gavin Newsom called the oil industry the second most powerful force on earth, trailing only Mother Nature in its ability to bend the elements — both physical and political — […]

October 28, 2022

The world’s largest oil companies continue to reap rewards from sustained high commodity prices as Exxon Mobil Corp. XOM 1.66%increase; green up pointing triangle reported almost $20 billion in profit, its most lucrative quarter ever, while rival Chevron Corp. CVX […]

June 23, 2022

A meeting with Energy Secretary Jennifer Granholm to discuss lowering gas prices and boosting domestic oil supplies was constructive, but did not produce a major breakthrough, groups representing the oil industry and refiners said June 23. The meeting with Granholm […]

December 22, 2021

The relationship between the White House and U.S. oil companies has sunk to a new low at a moment when President Biden needs the industry most. Oil company executives have become openly frustrated with a Biden administration that spent months […]

May 26, 2021

Exxon Mobil Corp. and Royal Dutch Shell PLC suffered significant defeats Wednesday as environmental groups and activist investors step up pressure on the oil industry to address concerns about climate change. In a first-of-its-kind ruling, a Dutch court found that […]

March 25, 2021

The American Petroleum Institute board voted March 25 to endorse putting a tax or other price on carbon dioxide emissions, a shift for the oil industry that could influence the Biden administration’s plans for a governmentwide assault on global warming. […]

March 2, 2021

OPEC’s crude production plunged in February as Saudi Arabia delivered extra cutbacks intended to clear the remnants of a global supply glut. Output from the group fell by 920,000 barrels a day — the biggest drop in eight months — […]

January 26, 2021

President Biden is planning on Wednesday to halt new oil and gas leasing on federal territory, people familiar with the matter said, setting up a confrontation with the oil industry over the future of U.S. energy. The Biden administration has […]

August 8, 2017

Forests of wooden derricks sprang up in a rural California valley when oil was discovered there in 1899. Today, those towering structures are gone, replaced by the more familiar low pump jacks, plus steam-injection systems necessary to coax the crude […]

July 13, 2017

Women are “chronically” under-represented in the oil and gas industry and the sector is losing out by failing to draw on their skills, a study said on July 12. Women account for just 22% of workers in the oil and […]

June 21, 2017

Last week’s headline in the Wall Street Journal, “Total Eclipse:  Oil Giant Sees Its Future in Electricity” no doubt caused many renewable energy advocates to fan themselves like antebellum Southern belles.  “More than any other oil major, Total sees electricity […]

June 5, 2017

Amid the frenetic activity of American shale oilfields recovering from a two-year recession sit a handful of oil towns that seemed impervious as many producers went into bankruptcy and the economy around them sank. Occidental Petroleum Corp and a few […]

September 15, 2016

The bi-annual ONS event in Stavanger, Norway, is one of the largest oil and gas industry conferences in the world with more than 1,400 exhibitors and nearly 100,000 attendees. Though this was my first visit to the event, there was […]