New Oil Group Drops Oil From Name in Nod to Low-Carbon Future

The hired hands of the oil patch are getting a larger trade association to represent them -- and one that has dropped the name of the commodity altogether.

The newly created Energy Workforce & Technology Council, representing 600 companies in the oil and gas services industry, was announced in a statement Monday. It combines the Petroleum Equipment and Services Association, or PESA, and the Association of Energy Service Companies.

In a sign of the times, PESA spent more than a year looking at how it could respond to growing investor concerns over environmental impacts, social issues and corporate ...