The West Kern Oil Museum in Taft is preparing to celebrate 50 years of preserving the history of one of California's biggest industries: Oil. According to Don Maxwell, Chairman of the Board for the ...

It has been more than a century since any major producer shipped oil in an actual barrel, but the unit has been the industry’s standard since the mid-1800s, when overwhelmed Pennsylvania oilmen ...

The energy industry has gone through tough times in recent years, and even the sector's largest companies have felt the pinch. Occidental Petroleum (NYSE: OXY) isn't the biggest oil and natural gas ...

Critics panned Hollub for recklessness in ploughing ahead without regard for cost. “It was the dumbest deal in history,” said one senior oil executive. Almost four years later, Oxy is not only back ...