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(Investing) – VIENNA -The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand. The IEA, which advises industrialised countries, expects global supply to rise by 2.1
(BOE Report) – Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up. tariff threats.
The majority state-owned energy major put preliminary estimates for well 7720/7-DD-1H, or Drivis Tubaen, at 9-15 million barrels of oil. Drivis Tubaen is the 14th exploration well drilled in production license 532, awarded 2009, according to Equinor. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
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.
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.
“Idaho Power’s IRP analysis has shown consistent need for transmission dating back to 2009 and the 2025 IRP again includes transmission as a cost-effective way to facilitate regional energy exchange and provide capacity and energy for Idaho Power customers”, Idaho Power says. All comments are subject to editorial review.
During his over 35 years with Shell, Henry held senior finance and management positions worldwide, serving as chief financial officer and board member from 2009 to 2017, BP noted. MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed.
Second of all, it’s, it’s, there’s definitely a sense of optimism like we I’ve been here in 2020 I was here in 2009 after some of the big, dislocating market events in in previous years. Derek Sammann 0:40 Well, first of all, it’s sunny, which is rare for London, so I get that going for us.
Hess' departure comes just after Chevron completed its $54 billion purchase of the oil producer, prevailing against Exxon Mobil in a legal dispute over offshore oil assets in the South American nation of Guyana. Trade Desk is taking the place of software maker Ansys, which was acquired by Synopsys in a deal that closed Thursday.
For most of the past century, energy producers could count on steady oil demand growth. From industrial development in China to population booms in emerging markets, the global appetite for oil kept expanding like clockwork. million barrels per day (bpd) for nearly 60 years.
(World Oil) –Murphy Oil Corporation today announced that a subsidiary has signed a Sales & Purchase Agreement (SPA) to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore. Hambly, President and CEO of Murphy Oil.
(Oil & Gas 360) – While Recession Worry Is High, Stock Prices Suggest It Has Happened. Stock Prices & Data Also Indicate A Great Natural Gas & Oil Buy-Low Opportunity. Crude oil inventory increasing has helped encourage bearish, recession thinking. By oilandgas360.com
(Oil & Gas 360) – Publishers Note: Zephyr Energy plc will be presenting at the EnerCom Denver The Energy Investment Conference held at the Westin Denver Downtown on August 17-20, 2025. Initial production test observations include: A peak rate of 2,848 barrels of oil equivalent per day (“boepd”) (11.9
Urban Oil & Gas Group, LLC, a Plano, Texas-based energy investment firm, has recently updated a pipeline operation permit from the Railroad Commission of Texas. In that month, it produced 11,802 barrels of oil and 139,548 MCF of gas. It produced 16,238 barrels of oil and 579,133 MCF of gas during that month.
Hinnigan This entry updates an earlier blog entry posted on May 4, 2009, discussing two lawsuits filed by the tax assessor for Terrebonne Parish against Burlington and LL&E for alleged underpayment of property taxes. On August 17, 2009, they filed an additional 29 new lawsuits against “big oil” companies.
By Jason Johanson On Friday, March 6, 2009, Interior Secretary Ken Salazar stated that the agency is considering an appeal to the United States Supreme Court of the decision in Kerr-McGee Oil & Gas Corp. 3d __, 2009 WL57883 (5th Cir. Department of the Interior , __ F.3d
The United States Supreme Court has denied the Petition for Certiorari filed by the United States Department of the Interior in Kerr-McGee Oil & Gas Corp. The high court’s refusal to consider Interior’s appeal allows the Fifth Circuit’s January 2009 decision to stand. Dep’t of the Interior , 554 F.3d 3d 1082 (5th Cir.
oil and natural gas producing companies should not receive federal subsidies in the form of tax breaks because their businesses contribute to global warming, U.S. Secretary Timothy Geithner said when speaking to Congress on March 4, 2009. oil and gas supplies. By Emma Hinnigan U.S. billion from 2011 to 2019.
By Matthew Simone After seven months of discussion and postponement, Caddo Parish Commissioners approved new regulations affecting oil and gas operations. Second, oil and gas operations may not use public water supplies unless permitted by state or parish approval. These regulations are scheduled to take affect on November 1, 2009.
Kerr-McGee Oil & Gas Corp. 3d __, 2009 WL 57883 (5th Cir. Dep’t of Interior , __ F.3d Relying on its 2004 decision in Santa Fe Snyder Corp. Norton , 385 F.3d 3d 884 (5th Cir. 2004), the court held that Section 304 of the RRA unambiguously entitled Kerr-McGee to unconditional royalty relief on minimum volumes of production.
El campo Peregrino ha sido operado por Equinor desde 2009, con una produccin acumulada de 300 millones de barriles de petrleo pesado. La venta corresponde a una estrategia global de Equinor para optimizar su portafolio internacional a travs de desinversiones selectivas.
Con una carrera de 35 años en Shell, Simon Henry ha ocupado posiciones de liderazgo global, incluyendo la de director financiero y miembro del consejo de administración de 2009 a 2017. Su conocimiento en finanzas, estrategia y gobernanza lo posiciona como un perfil clave para aportar valor en la toma de decisiones de BP.
In a strategic move within Texas’s oil and gas sector, Scout Energy Management LLC has transferred 315.77 The company focuses on the acquisition and optimization of high-quality, conventional, producing oil and gas assets onshore in the U.S. In January 2025, the county produced around 11,300 barrels of oil and 1.6
By Stepehen Wiegand In October 2009, EPA promulgated the Mandatory Reporting of Greenhouse Gases Rule. The proposed rules would require the reporting of fugitive and vented methane and carbon dioxide emissions, including carbon dioxide, methane, and nitrous oxide combustion emissions from flares.
Together, these developments will undoubtedly lead to more litigation and a higher cost of doing business on the Outer Continental Shelf. The number of civil penalty cases has risen gradually since 2009, with a sharp increase over 2013-2015. The civil penalty dollar amount has also grown significantly. million in civil penalties.
In 2009, several of the Bailey family members formed New 90, LLC to manage this and other family-owned property. After creating New 90, the individual Bailey family owners of the property executed an Act of Transfer on March 20, 2009 that transferred their interests in the property to New 90 in exchange for membership interests in the LLC.
(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. The evaluation confirms that theCane Creekreservoir is highly productive and potentially ranks alongside some of the most productive oil and gas plays in theU.S.
and European major oil companies are beginning to re-evaluate their business structure and investment strategies in light of the current financial, legal, and social climate. Given the advantages and opportunities, oil companies are investing in wind power as they move into the realm of renewable energy. homes for a year.
Hinnigan On June 10, 2009, the Interstate Oil and Gas Compact Commission (IOGCC) reaffirmed its strong stance that the states remain best positioned to regulate the use of hydraulic fracturing for the production of oil and natural gas. For more information, go to [link]
On March 24, 2017, the Louisiana Supreme Court declined to consider the Louisiana Third Circuit Court of Appeal’s decision in XXI Oil & Gas v. 2] For now at least, the Court’s decision to deny writs in XXI Oil & Gas effectively leaves unit operators subject to increased reporting obligations under La.
by Elisabeth Lorio Baer Interior Secretary Ken Salazar informed Congress on September 17, 2009 that he would kill a controversial program, currently in effect, that allows energy companies to pay the government royalties for drilling on public lands in actual oil and gas in lieu of cash.
3d , 2009 WL 336129 (5th Cir. 12, 2009), a panel of the United State Court of Appeals for the Fifth Circuit heard an action arising from a contract to supply natural gas condensate in south Texas. Flint Hills, a crude oil refiner, agreed to purchase Mexican condensate from JAG. JAG Energy, Inc., 08-20152, F.3d
Department of the Interior, the United States Court of Appeals for the District of Columbia Circuit issued a ruling on April 17, 2009 vacating the Department of the Interior’s statutorily-mandated five-year offshore oil and gas leasing program for the period 2007-2012.
Today, we continue the series with a brief review of the SEC rules which govern public oil and gas company filings. Regulatory Documents The SEC oil and gas reserves definitions are located in Regulation S-X (210.4-10) Regulatory Documents The SEC oil and gas reserves definitions are located in Regulation S-X (210.4-10)
On February 10, 2009, United States Secretary of the Interior Ken Salazar detailed a four-part strategy to establish a comprehensive offshore energy plan. First, Salazar extended the public comment period on President Bush’s OCS plan by an additional 180 days. He explained the extension was necessary to “restore order to a broken process.”
and European major oil companies are beginning to re-evaluate their business structure and investment strategies in light of the current financial, legal, and social climate. Given the advantages and opportunities, oil companies are investing in wind power as they move into the realm of renewable energy. homes for a year.
By Marie Carlisle On May 28, 2009, the Fifth Circuit decided In the Matter of: Lease Oil Antitrust Litigation, case no. 08-40230, reversing the District Court’s denial of the State of Texas’ motion to intervene in a matter concerning unclaimed settlement money from the oil antitrust action.
The denials are accompanied by an order from BSEE to decommission the pipelines by removal, with reference to Notice to Lessees (“NTL”) 2009-G04 and/or “significant sediment resource areas” (“SSRA”) in the vicinity of the pipeline. that, if left in place, would hinder other users of the OCS.” 250.1700(b).
The chart below depicts Haynesville shale dry natural gas production averages from January 2009 to August 2018 in billion cubic feet per day. The first began in early 2009 with average daily Haynesville production surpassing 1 billion cubic feet per day for the first time in June of that year.
6] On September 1, 2009, Gloria’s Ranch executed a top lease to Chesapeake on the property in Section 21. [7] 7] In November of 2009, Tauren assigned the deep rights (all depths below the base of the Cotton Valley formation) to EXCO USA Asset, Inc. for the 18 month period prior to Gloria’s Ranch’s letter in December of 2009. [19]
Iberdrola y la creciente demanda energtica En concreto, True North suministra electricidad a la red texana y apoya las operaciones de Meta, empresa con la que la compaa firm un acuerdo de compraventa de energa a largo plazo (PPA, Power Purchase Agreement).
The so called “Anadarko Washout” involves a washout of oil and gas leases on undivided working interests owned by non-operating mineral cotenants. Cimarex Energy Company (“Cimarex”) obtained a lease in December 2009 of an undivided 1/6th of the minerals in 440 acres located in Ward County, Texas.
Between 2009 and 2023, Texas led the nation in the number of nuclear verdicts, which are court awards of $10 million or more. Related: A Question of Fixed Versus Floating Interest The post Nuclear Verdicts are Driving Up Consumer Costs in Texas appeared first on Permian Basin Oil and Gas Magazine. Governor Dan Patrick.
Between 2009 and 2023, Texas led the nation in the number of nuclear verdicts, which are court awards of $10 million or more. The post Nuclear Verdicts are Driving Up Consumer Costs in Texas appeared first on Permian Basin Oil and Gas Magazine. The legislation, Senate Bill 30 authored by state Sen. Governor Dan Patrick.
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