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Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

(World Oil) – Chevron Corp. and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Waha Oil Co., Eni SpA and Exxon Mobil Corp. million bpd.

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It’s Getting Hot in Here | Heat Dome in PJM

Enverus

last week, driving temperatures into the triple digits and pushing the PJM Interconnection grid to its highest peak load since 2006 (Figure 1). As extreme weather events become more frequent, and incremental load growth remains a central part of the conversation, PJM and other grid operators face a growing risk to grid reliability.

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Chevron, Total Vying in Libya's First Oil Tender Since 2011 War

Rigzone

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75

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Equinor Files Development Plan for Fram South in Norwegian North Sea

Rigzone

billion) investment to develop Fram South, which will unlock new gas for Europe, the operator said. billion) investment to develop Fram South, which will unlock new gas for Europe, the operator said. Oil comprises 75 percent and gas 25 percent, according to Equinor. kilograms of carbon dioxide per barrel of oil equivalent.

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Courts Address Exculpatory Clause in Joint Operating Agreement

The Energy Law

Marathon Oil Co., 1992), which held JOA exculpatory language limiting operator liability to situations of gross negligence of willful misconduct applicable to all good faith actions undertaken by the operator under the JOA, including performance of its contractual duties. By contrast, in Forest Oil Corp. Union Oil Co.,

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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.

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Viaro Energy strengthens North Sea portfolio through acquisition of Deltic Energy

Oilfield Technology

Viaro intends to leverage its operational expertise and financial capability to advance the development of Selene, reaffirming its strategic focus on unlocking critical domestic energy resources and supporting the UK’s energy security.

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