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A renewal awarded 2004 extended its life for 20 years to 2042. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! Summer Nuclear Station Unit 1 in Jenkinsville, South Carolina, a 20-year extension to operate through 2062. Summer had been licensed to operate from 1982 to 2022. “To ensure V.C.
It adds: "Title to oil and gas assets in Ghana and Iraq can be complex. Regarding prospects in Iraq, the company said: " An early opportunity may lie in projects to recover and monetise flared gas with contained liquids in southern Iraqi oil-fields. The company's accounts show no assets or liabilities in Iraq.
10 âCO 2 storage projects in Europe,â International Association of Oil and Gas Producers, March 2024. This mature technology has a long operational history in the oil and gas industry and is the most commonly used option for short to medium distances. In addition, most of Europeâs depleted oil and gas fields are located at sea.
“Amid regional conflict, the Strait of Hormuz remains critical oil chokepoint.” Oil Market Report, junio 2025. Citado en Euronews: “How vital is the Strait of Hormuz for oil market?” , 16/06/2025). Israel-Iran crisis: How vital is the Strait of Hormuz for oil market?” Crude oil prices peaked early in 2012.”
OPEC's two-day biennial 9th International Seminar came to a conclusion on Thursday after its key voices roundly declared the world simply needed more oil, there was no prospect of peak demand any time soon and denied half the world's scribes an opportunity to forensically question that assertion. million bpd in 2026 and then rise to 111.6
One industry leader pointed out that on an inflation-adjusted basis, there have only been two quarters since 2004 when front-month oil prices have been as low as they are today (excluding 2020).
(Oil Price) –BP chair Helge Lund has informed the board that he would be stepping down from the role most likely during 2026, as activist investor Elliott continues to demand more changes at the UK-based supermajor. Now is the right time to start the process to find my successor and enable an orderly and seamless handover.
(Oil & Gas 360) –Gillette, WY Cowboy Clean Fuels (CCF), a Wyoming-based climate tech and energy transition company, today announced a groundbreaking offtake agreement with Mercuria, one of the worlds leading independent energy and commodity trading groups.
Hace dos dcadas, esta ciudad costera vivi su apogeo gracias al megaproyecto Cantarell, que lleg a producir hasta 2 millones de barriles diarios de crudo, elevando la produccin nacional a un histrico de 3 millones de barriles por da en 2004.
October marked the 20th anniversary since the first Marcellus Shale well was drilled in Pennsylvania in 2004. Like Pennsylvania’s Drake Well, which launched commercial oil drilling across the world in 1859, Range Resource’s Renz #1 has been a game-changer for the Commonwealth and the United States.
Cada de produccin Desde 2004, la produccin petrolera de Mxico ha cado de 3.4 Sin embargo, Sheinbaum ha sealado su intencin de atraer ms inversin privada para estabilizar la produccin nacional en 1.8 millones de barriles diarios. millones de barriles diarios a menos de 1.8 millones en 2024.
El fondo soberano de Noruega el ms grande del mundo retir sus inversiones en bonos de Pemex, calificando a la empresa como un riesgo inaceptable por presunta corrupcin entre 2004 y 2023. La reaseguradora Swiss Re tambin anunci que dejar de cubrir proyectos de Pemex debido a sus altos niveles de contaminacin y falta de sostenibilidad.
El Consejo indic que existen mltiples acusaciones y sospechas de corrupcin en Pemex entre 2004 y 2023, involucrando a empleados y a por lo menos un ex alto ejecutivo que habran recibido sobornos de manera reiterada. Esta percepcin de riesgo reputacional y tico llev al retiro completo de los instrumentos de deuda de la petrolera mexicana.
Kerr-McGee Oil & Gas Corp. Relying on its 2004 decision in Santa Fe Snyder Corp. 2004), the court held that Section 304 of the RRA unambiguously entitled Kerr-McGee to unconditional royalty relief on minimum volumes of production. Dep’t of Interior , __ F.3d 3d __, 2009 WL 57883 (5th Cir. Norton , 385 F.3d 3d 884 (5th Cir.
Cada de produccin Desde 2004, la produccin petrolera de Mxico ha cado de 3.4 Sin embargo, Sheinbaum ha sealado su intencin de atraer ms inversin privada para estabilizar la produccin nacional en 1.8 millones de barriles diarios. millones de barriles diarios a menos de 1.8 millones en 2024.
The Report concluded that the Bureau of Safety and Environmental Enforcement (“BSEE”) lacks a robust oversight process (1) for ensuring the integrity of active offshore oil and gas pipelines and (2) to address the environmental risks posed by decommissioning and abandoning pipelines on the seafloor.
The Journey BeginsCamaraderie and Fierce Loyalty in the Oil Patch In his eight years (1989-1997) with accounting giant Arthur Andersen his primary client was Halliburton. Thank God Youre Going to Get a Real Job Thats what Millers grandfather Jerry Cunningham said upon learning that his grandson was leaving accounting for the oil field.
Controles volumtricos: precisin, seguridad y cumplimiento fiscal Aunque los controles volumtricos existen desde 2004, su implementacin se ha vuelto ms compleja y rigurosa con las reformas fiscales ms recientes. La transparencia documental se ha vuelto una herramienta indispensable para fortalecer la legalidad en el sector.
The Report concluded that the Bureau of Safety and Environmental Enforcement (“BSEE”) lacks a robust oversight process (1) for ensuring the integrity of active offshore oil and gas pipelines and (2) to address the environmental risks posed by decommissioning and abandoning pipelines on the seafloor.
By Marie Carlisle In Sun-Key Oil Co., In December of 2004, Cannon filed a declaratory action asking the court to find that the lease on the property had terminated due to the cessation of production. Ernest Cannon & Moncrief Minerals P’ship, L.P.,
The case called upon the court to determine whether a contract for performance of specialty services to facilitate the drilling or production of oil and gas on navigable waters is maritime in nature. Gulf Oil Corp. , 16-30217 (5th Cir. 8, 2018). 2d 313 (5th Cir. 2) what work did the crew assigned under the work order actually do?
Shell Oil Company, et al. , The legacy plaintiff (“Spanish Lake”) and Shell Oil Company (“Shell”) appealed a judgment that granted, in part, and denied, in part, motions for summary judgment filed by Shell. Rosenblum , 2004-1664 (La. Messinger, Inc. 3/2/05), 894 So. 2d 1113) were not met.
As if crude producers and midstream transportation companies don’t already have enough problems trying to get crude oil from production fields to refineries thanks to inadequate pipeline infrastructure, tank car supply, rail safety concerns, and new regulations, they now also have to address a new, potentially market-busting lawsuit.
Union Oil Co. Marubeni Oil & Gas (USA), Inc. , 2004), where the court held that, to the extent a surety company or co-lessee paid the decommissioning obligations of the bankrupt lessee, they would be subrogated to the government’s claim. Sojitz Energy Venture, Inc. of California , 394 F. 3d 687 (S.D. Parker Drilling Co. ,
He was appointed to the Judicial Conference Committee of Federal-State Jurisdiction by Justice William Rehnquist in 2004 and became chief judge of the Eastern District in 2015. Judge Englehardt was nominated to the seat by George W. Bush in 2001.
ATHOS I had its genesis in a 2004 vessel allision and oil spill on the Delaware River between New Jersey and Pennsylvania. The ATHOS I was contracted to deliver crude oil from Venezuela to a syndicate of CITGO interests, collectively referred to as “CARCO.” 2701, et seq. Frescati spent $143 million cleaning up the river.
3] The Lease was executed in September 2004 and covered 1,390.25 It also held that the holder of the mortgage over the Lease was solidarily liable as well. [8] A copy of the Second Circuit’s decision is available at [link]. As of the posting of this blog entry, the delays for appeal have yet to expire. [2]
arose from a 2004 mineral lease covering nearly 1,400 acres in Sections 9, 10, 15, 16, and 21, Township 15 North, Range 15 West, in Caddo Parish. [2] 2004-1464 (La.App. 1] The dispute in Gloria’s Ranch, L.L.C. Tauren Exploration, Inc. 2] The lease was granted by Gloria’s Ranch, L.L.C. . § 31:124, cmt.). [14] 31:124, cmt.;
The first, the “Rice Acres well”, produced until 2004 when production ceased due allegedly to water migration into the production zones. Hayes Fund for the First United Methodist Church of Welsh, LLC v. Kerr-McGee Rocky Mt., LLC , 149 So. 3d 280, 283 (La. One of the elements a plaintiff must prove in a downhole case is damages.
14] The Second Circuit’s decision in regard to this issue does not represent a departure from the viewpoint that most in the oil and gas industry have towards notarial acts of correction. 20] The CUA permit was obtained on January 20, 2004. 20] The CUA permit was obtained on January 20, 2004.
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