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Tag Archives: Oil Industry

Activity up, hiring increases in the Bakken

top 5 bakken stories of the week

Oil companies are hiring in the Bakken, and more jobs are expected to open up next year, according to the Bismarck Tribune today. Job Service North Dakota announced six oil companies are looking for workers to man fracking crews in the new year, said Cindy Sanford, customer service office manager of Job Service’s Williston branch. She said she couldn’t reveal ...

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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 — 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 to ...

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Iran exports first oil shipment to Europe since nuclear deal

Image: Jamie Grant via Flickr

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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Oil industry exec: US crude exports help keep prices low

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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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In North Dakota, donations slip as oil slides

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BISMARCK, N.D. (AP) — Thousands of layoffs from the oil industry’s slide have taken a toll on donations in western North Dakota’s oil patch, just as charities say their need is increasing. Donations to the Salvation Army were down by more than 60 percent in Williston, in the heart of oil country, as of mid-December. And energy companies that used ...

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Report: Oil, gas helps fund Texas schools

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A report by North Texans for Natural Gas explains how the oil and natural gas industry contributes more than $4 billion per year to the Texas education system. Texas schools benefit from oil and gas royalties that are paid into the state’s Permanent School Fund and the Permanent University Fund. Local independent school districts also benefit from property taxes paid ...

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Foes challenge proposed fracking in national forest in Ohio

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ATHENS, Ohio — Opponents are pushing back as a federal agency again considers requests to open Wayne National Forest in southeastern Ohio to oil and gas drilling. The Buckeye Forest Council, Sierra Club, Athens County Fracking Action Networks and other advocacy groups have called for the U.S. Bureau of Land Management to conduct a “full-scale environmental report” before allowing drilling ...

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