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YPF turnover ruling in US casts shadow on Argentina’s shale, FX plans

Oil & Gas 360º

billion court judgment against the country over its 2012 nationalization of the firm. 4 for shale oil, into a key global energy-producing region that would help bring in foreign currency needed to prop up the economy. Vaca Muerta has hit production of over 400,000 barrels per day of oil and some 70 million cubic meters of gas per day.

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bp and Iraq finalize contract for Kirkuk oil field redevelopment

Oil & Gas 360º

(World Oil) – bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. Calgary, Canada – September 21, 2012: BP’s Canadian head office in Calgary Alberta. Mohammed Shia’ Al Sudani, H.E.

Field 130
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Irán, el efecto Hormuz y Pemex

Oil & Gas Magazine

El documento concluye que un cierre de Hormuz sería uno de los mayores shocks petroleros del siglo, con consecuencias globales e implicaciones estratégicas para países productores como México. Países del Golfo como Arabia Saudita, Irak, Emiratos Árabes, Kuwait, Qatar e Irán envían su crudo por Hormuz.

E&A 103
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Trans Energy Settlement Shows Need for E&P Wetlands Compliance Strategy

The Energy Law

requiring the oil and gas company to pay $3 million in civil penalties and to spend approximately $13 million to restore 15 sites in West Virginia that had been developed without dredge and fill permits. On the other hand, the legal commentary has virtually ignored the importance of Nationwide Permits (NWPs) 12 and 39 to E&P activities.

E&P 40
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Air Permitting: Sixth Circuit Vacates Single Stationary Source Aggregation Determination for E&P Facilities Due to EPA’s Unreasonable Interpretation of Adjacent

The Energy Law

By Lesley Foxhall Pietras On August 7, 2012, in a 2-1 decision in Summit Petroleum Corp. In 2007, in guidance specifically addressing oil and gas activities, EPA stated that “proximity is the most informative factor in making source determinations.” See Memorandum from William L. 12, 2007). See Summit Petroleum Corp. 09-4348, slip op.

E&P 40
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Supreme Court of Texas Washes Out the “Anadarko Washout”

Producer's Edge

The so called “Anadarko Washout” involves a washout of oil and gas leases on undivided working interests owned by non-operating mineral cotenants. Anadarko E & P Onshore, LLC, 676 S.W.3d Anadarko E & P Onshore, LLC, 676 S.W.3d Anadarko E& P Onshore, LLC, no. 3d 73, 93 (Tex.

E&P 59
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New Air Standards for Oil & Gas Industry May Force HAP Area Sources into Major Source Status

The Energy Law

By Robert E. Moreno On August 16, 2012, EPA published a new rule that revises the NESHAP Subpart HH standards for the oil and gas industry. The Final Rule wassigned on April 17, 2012, but publication in the Federal Register did not occur until August 16, 2012, making the rule effective on October 15, 2012.