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Exxon Faces Fine for Russian Dealings Under Sanctions #OilmanNEWS 2017 September-October Upstream 

Exxon Faces Fine for Russian Dealings Under Sanctions

The U.S. Treasury Department has levied a $2 million fine against Exxon Mobil Corp. for violating U.S. sanctions which barred companies from dealing with Russia, Bloomberg reports. The sanctions were put into place when the present Secretary of State, Rex Tillerson, was the CEO at Exxon. Sanctions were enacted due to Russian infringing on Ukraine’s sovereignty by invading into part... Read More
LOGA Executive Sees Huge Litigation Costs for O&G Companies #OilmanNEWS 2017 September-October Louisiana 

LOGA Executive Sees Huge Litigation Costs for O&G Companies

In the ongoing legal battle between O&G companies and various Louisiana parishes, litigation costs are expected to be devastatingly high for the companies operating in the state. The blame for the continuous erosion of the Louisiana coastline has been put mainly upon the shoulders of the oil and gas companies, which are accused of contributing to the loss of wetlands... Read More
Haynesville, LA Making a Comeback in the Oil Industry #OilmanNEWS 2017 September-October Louisiana Shale 

Haynesville, LA Making a Comeback in the Oil Industry

The oil industry is filled with fierce competitors, all vying to be the leading producer of shale oil. In Louisiana, the town of Haynesville is among those competitors, as it gradually climbs the ranks of shale oil producers in the nation. Being dismissed three years ago by the industry and considered a non-threat, the town of Haynesville has shown this... Read More
Shale Drilling in Texas Provides Mixed Bag of Wealth and Environmental Changes #OilmanNEWS 2017 September-October 

Shale Drilling in Texas Provides Mixed Bag of Wealth and Environmental Changes

An industry as large as the U.S. oil industry can have a lasting effect on a state’s economy. For Karnes County, Texas, the shale oil industry provided wealth, power, and an increase in population. Formerly a location filled with ranchlands and fields, Karnes County has become the leading producer of shale oil in Texas. In September 2016, Karnes County pumped... Read More
Russia Ran Campaign Against U.S. Oil, Gas Activity #OilmanNEWS 2017 September-October Alex Mills Contributors 

Russia Ran Campaign Against U.S. Oil, Gas Activity

Russia has been in the news just about every day this year. The top news story recently involves Russia’s involvement in the 2016 Presidential elections, which was highlighted in a Jan. 6 report issued by the Office of the Director of National Intelligence. The declassified version of the report, entitled “Assessing Russian Activities and Intentions in Recent U.S. Elections,” included an analytic... Read More
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