Today W3C published a report on the W3C Workshop on Semantic Web in Oil & Gas Industry. 54 experts from 33 organizations discussed how Semantic Web technologies can help to handle the staggering amount of new data that is produced every day as well as the challenges of interfacing to service companies and managing joint ventures between operators that are very important in this industry. Participants discussed issues related to data integration, ontology management and creation, presented applications and tool developments in the oil & gas area. The Workshop concluded with a panel that explored the next steps that this community may take, possibly in conjunction with W3C, to explore this area further. W3C thanks Chevron for hosting the Workshop, which took place in Houston, Texas, USA, on the 9 and 10 December, 2008. The report has also links to the 17 accepted position papers and (most of) the presentation slides.