But investors, anxious over debt-laden balance sheets, have started to turn on the producers this year, at times balking at large compensation packages, throwing out managers and installing penny-pinching replacements.
The U.S. total count has declined by nine this year even as production climbed as producers used new drilling technologies to shorten the time it takes to bore wells and boost productivity in shale formations.
Four energy traders claim in a lawsuit that some of the world’s biggest oil companies conspired with Morgan Stanley and energy traders such as Vitol Group to fix spot prices for Brent for more than a decade.
Senator Lisa Murkowski, the top Republican on the Senate Energy and Natural Resources Committee, believes the debate on oil exports will happen “sooner rather than later,” according to Robert Dillon, a spokesman for the Alaska lawmaker.
The subject of networking comes up a lot in this column, and there’s a reason for that: I truly believe that it is THE most important way for both Young Professionals and more experienced ones to grow their career and give themselves options.
The U.S. oil industry, riding a domestic energy boom, is preparing to challenge restrictions on crude exports, possibly by arguing that limits designed to keep petroleum in America may violate international trade rules.
FuelFix.com is your daily must-read source for news and analysis on the energy business. Anchored by business reporters at the Houston Chronicle and other Hearst Newspapers, Fuel Fix incorporates blogs by energy experts, market updates, useful data and a real-time summary of the top ideas, hottest stories and latest news in the oil, gas and energy industries.
Browse previous blog posts by month and year of entry. You'll see all the posts for that time period.