Alaska loses 2,000 oil jobs during first half of 2016

Alaska's oil and gas sector shed over 2,000 jobs during the first half of 2016 as upstreams continued to layoff employees. According to data collected by...

OPEC production hits record high in November

OPEC production rose to a record high for the second straight month as the group's members prepare to implement production cuts. According to data collected...

Kinder Morgan wins government approval for Trans Mountain Expansion Project

Pipeline giant Kinder Morgan has won approval from the Canadian government for its  Trans Mountain Expansion Project. Houston-based Kinder Morgan said on Tuesday that the final federal approval...

BP acquires stakes in two North Sea oil prospects

BP said on Monday that it has acquired stakes in two North Sea oil prospects. BP has acquired a 25 percent interest in the Statoil-operated licenses...

Trump team mulls privatizing Indian reservation reserves

A group advising President-elect Donald Trump is mulling plans to privatize oil reserves located on Native American reservations. Two chairmen that are part a group advising...

ExxonMobil sues Mass. AG for ‘politically motivated’ probe

ExxonMobil is preparing for two court dates this month after alleging that a climate change probe initiated by Massachusetts Attorney General Maura Healey is politically motivated. According to...

Saudi Aramco aims to triple chemical output by 2030

Saudi Aramco is aiming to nearly triple its chemical output over the next decade and a half. Saudi Aramco business line head for downstream Abdulaziz al-Judaimi told...

Sunoco Logistics will pay almost $1 million to settle Ohio pipeline release

Sunoco Logistics will pay just over $920,000 to settle a 2014 Ohio pipeline release. According to a signed agreement seen by Cincinnati.com, Sunoco will pay the Great Parks...