SEC Investigating Exxon’s Questionable Asset-Evaluation Practices
Exxon is being investigated by the Securities and Exchange Commission (SEC) regarding whether the company properly values its assets, the Wall Street Journal reports. This...
#OilmanNEWS
EIA Predicts Deteriorating Oil Market into 2017
The EIA on Tuesday released its adjusted estimates of global demand and supply for oil, and the adjustments were not for the better. The EIA...
Russia and Saudi Arabia Join Forces to Stabilize Oil Market
Energy Ministers from Russia and Saudi Arabia agreed in September to work together in a commitment to stabilize the oil market. The talks occurred in...
Oil Companies Assist with Relief Efforts in a Recovering Louisiana
American Red Cross and various other relief groups operating in Louisiana to assist with flood-ravaged communities have received aid from an unlikely source. Exxon Mobil...
Continental Resources Sells Non-Strategic Assets
Many oil-related companies have been in the process of selling off certain assets to stay solvent in the current economic environment. One such company, Continental...
Chesapeake Energy on the Rise Once Again
Oklahoma City-based Chesapeake Energy on Aug. 17 announced that it secured a $1 billion loan for buying back a portion of the company’s outstanding debt....
Industry Representatives Respond to Favorable Jefferson Parish Lawsuit
The continuing battle between energy companies and political forces in Louisiana has been fought in multiple regional courts. However, a ruling on Aug. 1 has...
Oklahoma Regulators Expand Area of Interest on Seismic Activity, Again
The increasing frequency and intensity of earthquakes in Oklahoma have caused some to look to the oil and gas industry to blame. The Oklahoma Corporation...
Companies May Incur Shortage of Skilled Workers
Around 350,000 workers within the worldwide oil and gas industry have been let go in the two years since the oil price has collapsed. The...
Suppliers Must Adapt to Maintain Innovation
In order to avoid losing innovative progress without going insolvent, companies are finding it prudent to partner up to foster a creative yet affordable environment....