Tag: oil industry

Energy, Industry Focus Areas

Oil Industry Says Granholm Meeting Sends ‘Positive Signal’

June 23, 2022

Via: Transport Topics

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 […]

Energy, Industry Focus Areas

Confronting Inflation, Biden Administration Turns to Oil Industry It Once Shunned

December 22, 2021

Via: The Wall Street Journal

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 […]

Energy, Industry Focus Areas

Oil Giants Are Dealt Major Defeats as Climate-Change Pressures Intensify

May 26, 2021

Via: The Wall Street Journal

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 […]

Energy, Industry Focus Areas, Regulations

Oil Lobby Backs Carbon Fee as Substitute for Regulation

March 25, 2021

Via: Transport Topics

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. […]

Energy, Industry Focus Areas

OPEC Production Plunges as Saudis Deliver Extra Oil Cutbacks

March 2, 2021

Via: Transport Topics

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 — […]

Energy, Industry Focus Areas, Regulations

Biden to SuspendNew Federal Oil and Gas Leasing

January 26, 2021

Via: The Wall Street Journal

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 […]

Process, R & D

Oil Giant Improves Cybersecurity, Lowers Manpower Costs by Automating Data Collection From Thousands of Control Devices

August 8, 2017

Via: Industry Week

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 […]

Energy, Industry Focus Areas, Workforce Development

Women are Oil Industry’s Great ‘Untapped Reserve’ Says Study

July 13, 2017

Via: Industry Week

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 […]

Energy, Industry Focus Areas

Is The Oil Industry Going Green? And Moving Away From Oil?

June 21, 2017

Via: Forbes

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 […]

Energy, Industry Focus Areas

Big oil, small U.S. towns see new reward in old production technique

June 5, 2017

Via: Reuters

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 […]

Energy, Industry Focus Areas

Oil and Gas at the Technology Crossroads

September 15, 2016

Via: Automation World

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 […]