Industry News

This is news related to the energy sector.  Clicking on stories below will take you to the publisher's website.


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The Oklahoma Supreme Court has ruled that oil and natural gas companies can be sued when a worker is killed or injured on the job.

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The search is resuming for five people who are unaccounted for after a fiery explosion at an Oklahoma gas drilling rig.

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Dozens of protests have been filed by tribal officials, environmentalists and others as federal land managers consider leasing parcels in northwestern New Mexico for oil and gas development that critics say are too close to sites they consider culturally significant.

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Pittsburg County Sheriff's Department reports an oil drilling rig explosion in Quinton, Oklahoma just before 9 a.m. Twenty-two workers were on location when the explosion happened - 17 accounted for and five missing.

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During the year, ExxonMobil announced a number of oil and gas discoveries, acquisitions and other activities in various countries, including Brazil, Cyprus, Equatorial Guinea, Guyana, Mauritania, Papua New Guinea and Suriname.

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Iraq has signed a deal with a U.S. company to tap natural gas in one of its southern oil fields, a step toward exploiting a natural resource that has been neglected for decades.

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A former oil executive was sentenced to life in prison and a former high-ranking Vietnamese government official received a lengthy prison term Monday at the end of a major corruption trial.

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U.S. oil production is booming and is forecast to top that of heavyweight Saudi Arabia and rival Russia this year, a global energy agency said Friday.

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Catoosa Test Facility, www.ctfok.com, has recently successfully drilled an extended test well to 7,449’ using Oil Based Mud for a Major Company.

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The State Land Office has collected more than $17 million from its most recent oil and gas lease sale.

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Iraq and British energy giant BP have signed a memorandum of understanding to develop lucrative oil fields in the country's north.

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The state Health Department is monitoring the cleanup of a produced water spill in Mercer County.

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Two of Oklahoma's largest oil and natural gas industry trade groups say they support a plan to increase the state's energy production tax as part of a broad tax plan to help fund a teacher pay raise and stabilize state revenues.

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Oil tycoon T. Boone Pickens, who is recovering from a series of strokes and a fall last year, said Friday that he is closing his Dallas energy-focused hedge fund after what he described as "one hell of a roller coaster ride."

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Oklahoma oil producers say a rebound in oil prices will allow companies to consider adding new workers.

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BP Energy Co. is paying California $102 million to settle claims that it overcharged the state for natural gas between 2003 and 2012, officials announced Thursday.

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Susan M. Benoit, of Lafayette, plead guilty Thursday to two counts of wire fraud involving a Broussard oilfield related company.

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Vietnamese prosecutors requested long jail terms on Thursday for former oil company executives accused of mismanagement or embezzlement, including an ex-senior Communist Party official and an executive whom government agents allegedly kidnapped from Germany.

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An Oklahoma oil and gas company has challenged a proposed state question that seeks to give teachers a $4,000 pay raise by equalizing gross production taxes on oil and gas wells.

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New York City is taking on the oil industry on two fronts, announcing a lawsuit Wednesday that blames the top five oil companies for contributing to global warming and saying the city will sell off billions in fossil fuel investments from the city's pension funds.