Tulsa Company Agrees to Pay Fine to Settle EPA Charges
Tulsa, Okla.-based Magellan Pipeline Company L.P. has agreed to pay a fine of $2 million, in addition to $16 million for recovery purposes, to the...
#OilmanNEWS
OPEC Nations’ Compliance with Production Cut Boosts Oil Price
The price of oil jumped after Saudi Arabia Energy Minister Khalid al-Falih announced that the kingdom had kept to its November obligation as a member...
O&G Industry May Encounter Workforce Shortage
The fact that oil and gas firms have cut hundreds of thousands of jobs is nothing new. The repetitive headlines detailing the thousands of jobs...
President Obama Bans Drilling in Parts of Arctic and Atlantic
Obama recently announced a ban on any sort of offshore oil and gas drilling activity within a 100-million-acre region of the Arctic and Atlantic. Canada...
Louisiana Oil and Gas Companies Optimistic about Trump Policies
As it currently stands, many oil and gas companies are required to provide capital up front to fund the removal of their offshore equipment in...
Gulf Tech Receives Full Certification as a SEMS Audit Service Provider
Gulf Tech, an auditing firm based in Plano, Texas, has been working on becoming a fully accredited Safety and Environmental Management System (SEMS) audit service...
Trump Selects Exxon CEO for Secretary of State
President-Elect Donald Trump’s decision to nominate an oil and gas CEO to the Secretary of State position has been met with criticism from both the...
Oklahoma Ranks Top Among Regions for Oil and Gas Investment
The Fraser Institute, an independent, Vancouver-based think tank, on Dec. 6 released its 2016 Global Petroleum Survey. The survey is the institute’s 10th annual edition...
OPEC Agrees to First Oil Production Cut in Eight Years
In September, OPEC announced that it would finalize an oil production cut by the end of November. The announcement was met with much doubt and...
Oil Recession Wipes Out Billions in Wages
The U.S. Bureau of Labor Statistics reported that the prolonged oil recession has wiped out billions in potential wages from oil and gas employees who...