article thumbnail

The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027. To remain competitive in this new context, companies are investing in decarbonizing their operations. Mtpa, COD 2025); and Sinopec’s Qilu-Shengli chemical plant (1.0 Mtpa, COD 2022). 2 Comparing €39/ton in a 0.6

article thumbnail

Canada's Oil Sands to Reach Record Production in 2025, S&P Global Says

Rigzone

"The increased trajectory for Canadian oil sands production growth amidst a period of oil price volatility reflects producers' continued emphasis on optimization—and the favorable economics that underpin such operations," Kevin Birn, chief Canadian oil analyst for S&P Global Commodity Insights, said. "More than 3.8

Oil 62
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 words of gratitude that go a long way

SmartBrief

These workers, born between 1980 and 2001, now make up about half of the full-time workforce in the United States.) Gratitude in a single sentence A surefire way to build morale and engender loyalty to the operation is by showing deep, powerful gratitude to those who help keep the ship afloat and running productively.

article thumbnail

Texas Supreme Court Holds JOA Exculpatory Clause Applicable to All Activities of Operator

The Energy Law

By Jana Grauberger The Texas Supreme Court distinguished several Texas appellate court decisions and held the exculpatory clause in a joint operating agreement (“JOA”) applicable not just to operational activities undertaken by the operator, but to all activities of the operator under the JOA. Eastland 2001, pet.

article thumbnail

Oil Spill Liability: OPA 90 v. the IMO’S CLC

The Energy Law

The below table highlights the main differences between OPA 90 and the CLC: ISSUE OPA 90 CLC 92 Liable Parties Owner, operator, bareboat charterer, or a third party whose sole action caused the oil spill. Violation of a federal safety, construction, operation regulation; or 3. Gross negligence or willful misconduct; 2. Failure to a.

Oil 106
article thumbnail

Establishing Cessation of Production Under a Texas Oil and Gas Lease

Producer's Edge

Specifically, on May 27, 1976, the original lessors executed an oil and gas lease (“1976 Lease”) covering a 550-acre tract in Milam County, Texas, with a primary term of three years and a secondary term contingent on production or operations continuing without a cessation of more than sixty consecutive days.

Oil 52
article thumbnail

1/4 Century: What Was the Oil and Gas Industry Like in the Early 2000s? Part 2

Rextag

Merged with Texaco in 2001, solidifying its position as one of the worlds energy giants. Expanded operations in Alaska and the North Sea, pushing the boundaries of deepwater exploration. Dual Benefits: Some operators even began capturing industrial CO emissions for reinjection, blending sustainability with production.