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Tag Archives: oil and gas sector

Energy Spotlight: Ryan T. Purpura

drill

Ryan T. Purpura hopes to never do anything but legal work for the oil and gas sector. He also hopes to finish his career in Western Pennsylvania, where he grew up. Despite the recent slowdown in drilling activity because of low prices, the partner in Downtown law firm McGuire Woods’ energy section says both he and the business that flows ...

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Oil and gas sector tarnishes strong U.S. jobs report

NEW YORK – The U.S. oil and gas sector bled away more jobs last month as sustained low oil prices forced energy producers to reduce spending, suggesting that further pain may be ahead for the struggling industry. A roughly 50 percent drop in oil prices since June has pummeled the U.S. oil sector, prompting a quick drop in activity. The ...

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Lower oil price to hit U.S. oil and gas lending: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON, Feb 12 – “Excessive oil and gas loan concentrations have been a key factor in the failure of some banks during periods of steep price declines,” the Office of the Comptroller of the Currency (OCC) notes with bureaucratic understatement in its handbook for U.S. bank examiners. ...

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