Oil and gas industry executives recognize the need to adopt a long-term, consistent plan to manage effectively through the sector's perpetual cyclicality.
The Department of the Interior's Minerals Management Service (MMS) has approved, with conditions, Shell Offshore Inc.'s Exploration Plan to explore two leases in the Beaufort Sea.
Until recently, the public attention around the oil and gas industry was mostly limited to energy prices, but the pending cap-and-trade bill passed by the US House of Representatives and awaiting Senate approval is generating much deeper attention.
A green revolution is gaining ground in the oilfield chemicals industry, where core corporate values have expanded to encompass environmental stewardship and sustainability.
The second quarter of 2009 saw net income for the publicly traded companies tracked here rise by 191% over the previous quarter from a collective net loss of more than $10.7 billion to a collective net income of over $9.7 billion.
South Korea's Korea National Oil Corp. (KNOC) has secured a bit of its energy future with an agreement to acquire Calgary-based Harvest Energy Trust of Canada.
Robert S. Ballentine has joined Burleson Cooke LLP as a partner and will concentrate his practice in the areas of commercial litigation and oil and gas law.