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Tag Archives: Oil Industry

Humor in the Oilfield Finally Has A Book

oilfield book, ficus tree, Jeff Miller

These days, there hasn’t been much humor floating around, especially for the oil and gas industry. But one person, with over 40 years of experience in the industry, has managed to find humor in almost everything he’s been involved with over the years.  And he put it in a book. Jeff Miller, frequent contributor to the Energy Media Group has ...

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Trump’s picks leave energy industry optimistic

oil men, Trump, cabinet

For those who have been frustrated with the Obama Administration’s policies on climate and energy, Trump’s choices of several oil men for executive positions have those in the oil and gas industry feeling optimistic that change is coming. A Fuelfix article earlier this week reminds us that government and oil haven’t always gotten along. Ever since the U.S. Supreme Court ...

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Stricter offshore drilling rules issued, upsetting industry

Stricter offshore drilling rules issued, upsetting industry

NEW ORLEANS (AP) — The Obama administration issued new rules Thursday to make oil and natural gas offshore drilling equipment safer and to reduce risks in digging wells, but the oil industry and its supporters in Congress say they are costly and questioned their need. The rules published by the Interior Department came nearly six years after the catastrophic blowout ...

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Judge: BP not to pay oil industry losses from moratorium

Judge: BP not to pay oil industry losses from moratorium

NEW ORLEANS (AP) — A federal judge ruled that BP does not have to pay for economic losses other businesses suffered when the federal government shut down deep-water drilling in the wake of BP’s catastrophic 2010 oil spill in the Gulf of Mexico. U.S. District Judge Carl Barbier in New Orleans issued his ruling late Thursday. The Obama administration imposed ...

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UK oil industry sounds alarm on North Sea amid market drop

UK oil industry sounds alarm on North Sea amid market drop

LONDON (AP) — The number of new investment projects in the North Sea has collapsed amid a fall in oil prices, underscoring fears for the future of the basin and the jobs it creates. Oil & Gas UK, an industry association, said in its annual survey Tuesday that some 1 billion pounds ($1.4 billion) was expected for new projects, compared ...

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Iran exports first oil shipment to Europe since nuclear deal

TEHRAN, Iran — Iran says it has exported its first crude oil shipment to Europe since it reached a landmark nuclear deal with world powers, the official IRNA news agency reported Sunday. IRNA quoted Deputy Oil Minister Rokneddin Javadi as saying the shipment was the first in five years and marked “a new chapter” in Iran’s oil industry. He did ...

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5 oilfield jobs still in demand in 2016

watertruck

Extended periods of plummeting oil prices have had a noticeable effect on the oil industry, with many oil companies decommissioning multiple rigs during 2015. While the oil industry is no longer being referred to as “booming” by most media outlets, it is not going away completely, and many oilfield jobs are still in demand. As current workers retire and leave ...

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Oil industry exec: US crude exports help keep prices low

WASHINGTON (AP) — The oil industry’s top lobbyist says a new law allowing U.S. crude exports helps explain why oil prices have not spiked despite heightened tensions between two of the world’s big oil-producing countries, Iran and Saudi Arabia. The president and chief executive of the American Petroleum Institute, Jack Gerard, says the 3-week-old law lifting a 40-year ban on ...

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Four countries added to global shale oil, natural gas assessment

global shale resources

The Energy Information Administration continues to expand its assessment of technically recoverable shale oil and natural gas resources around the world. The organization added four new countries – Chad, Kazakhstan, Oman and the United Arab Emirates – to the previous 42 countries.  The additions resulted in a 13 percent increase in global assessed total resource estimate for shale oil and ...

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New North Dakota oil tax framework saving state $1M daily

BISMARCK, N.D. — Action by the North Dakota Legislature earlier this year means a price-triggered exemption for the state’s oil industry will not go into effect on Tuesday. State Tax commissioner Ryan Rauschenberger (RAW’-shuhn-bur-gur) says the Legislature’s elimination of the law means the state will save about $1 million daily based on current oil prices and production. North Dakota lawmakers ...

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