oil industry

The oil and gas sector can play a bigger part in the development of marine energy, Scottish Renewables says.

With oil prices soaring, Ky-Tenn Oil Inc. is digging deep to find forgotten profits, reactivating low-producing wells to eke out the last 150 barrels or so.

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As officials ordered the evacuation of New Orleans, the oil industry shut down rigs and pulled back personnel as Hurricane Gustav bore down on the Gulf coast on Sunday.

As the oil industry readied Thursday for Tropical Storm Gustav to crimp production in the Gulf of Mexico this weekend, prices rose in anticipation of a draw on crude supply.

As angry voters spark a barrage of energy bills in Congress, the oil industry is spending record amounts of money protecting its interests.

While China has invested heavily in Sudan's oil industry, many Sudanese say its influence is almost imperceptible.

So far, they add, China has been silent about resolving political problems in the region.

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AP - Sen.

UK Prime Minister Gordon Brown is set to meet oil industry leaders amid controversy over soaring fuel prices.

UK Prime Minister Gordon Brown is set to meet oil industry leaders amid controversy over soaring fuel prices.

The oil industry is a game of restricting supply and raising prices. It's been that way since the 1800s when John D.

Rockefeller's Standard Oil company employed monopolistic tactics to take over competitors' pipelines, gaining control of more than 90 percent the country's refined oil flows by 1904.