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EnergyBuzz

  • Oil Exploration Company's Demand for Tax Refund Fails in Texas Supreme Court

    By Angela Neville

    The Texas Supreme Court on Friday turned down an oil company's bid for a large tax exemption and held that Southwest Royalties Inc.'s purchases of casing, tubing, other well equipment and associated services were not exempt from sales taxes available to certain manufacturers.

  • Mexico Agrees to API Worker-Safety Standards

    By ANGELA NEVILLE

    Mexico, as part of the country's initiative to attract outside investors, recently agreed to use the American Petroleum Institute's safety standards in its energy programs to promote worker safety at offshore drilling sites.

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