Shell, Europe's largest oil company, will stop drilling for oil in Alaska this year as it cuts back on investments and tries to reverse a steep drop in earnings.
CLEVELAND - Ohio is poised to become a real player in the oil and natural gas industry, according to Jack Gerard, president and chief executive Officer of the American Petroleum Institute .
Mr Gerard spoke to the City Club about how critical the oil industry is to the future of Ohio.
Currently, more than $22 billion flow into Ohio's economy with more than 230,000 jobs supported by Ohio's oil industry. The average salary in Ohio from non-gas station jobs is more than $68,000.
Ohio was an early industry leader in oil production beginning in the late 1800s, and the oil industry believes that with new technology we can again be leading producer of oil and natural gas. Gerard said he believes that 65,000 new jobs can be created in Ohio over the next two years and generate billions of dollars.
Gerard is on a mission to educate the public about hydraulic fracturing and drilling in Ohio. He stated that the industry has more than 65 years of experience and has not contaminated water wells with more than 1.2 million wells drilled.
He welcomes working with Ohio officials in creating sensible regulations so that Ohions may benefit from the expansion of domestic oil production and an increased independence from foreign oil sources.
A list of toxic chemicals used by Ohio shale drillers must be made available locally to governments, first responders and residents under a new state directive.
Amish communities in Ohio and Pennsylvania are debating a temptation -- the large cash royalties that can come with the boom in oil and gas drilling from the technology known as fracking.
A northeast Ohio businessman and one of his employees have pleaded not guilty to charges alleging they violated the Clean Water Act by repeatedly dumping gas-drilling wastewater into a storm sewer.
Prosecutors are charging a northeast Ohio man with violating the federal Clean Water Act after at least 20,000 gallons of gas-drilling waste was dumped into a river tributary.
Contaminated wastes from a boom in oil and natural gas drilling would face new testing, reporting and tracking requirements before going to Ohio landfills under proposal developed by three state agencies over the past several months.
The new movie "Promised Land" digs into the fierce national debate over fracking, the technique that's generated a boom in U.S. natural gas production while also stoking controversy.
Anti-drilling demonstrators say a new movie is inspiring a protest in Youngstown, where deep injection of wastewater from hydraulic fracturing was linked to a series of earthquakes.
A Maryland man faces two misdemeanor charges after chaining himself to a gate at a northeast Ohio deep-injection well in order to block trucks carrying wastewater from oil and gas drilling.
Ohio Gov. John Kasich on Tuesday issued an executive order that immediately imposed new state regulations on deep-injection wells used to dispose of chemically-laced wastewater from oil and gas drilling.