article thumbnail

Gold for oil policy at risk of illicit financial flows – ISSER

Reporting Oil and Gas

Furthermore, Dr. Dzanku highlighted the ambiguity surrounding the gold’s refinery status before sale, opening avenues for mispricing and undervaluation when exchanged for oil. billion over a decade (2012-2021) due to mis-invoicing, while illicit outflows through export under-invoicing amounted to $5.11

Oil 52
article thumbnail

Permian People June 2026

Permian Basin Oil and Gas Magazine

Crocker, who has been ExxonMobil’s President/Global Business Solutions since 2023, joined the company in 1995 at the Fawley Refinery in the United Kingdom. from 2012 to 2019. The Board of Directors appointed Matt Crocker president, ExxonMobil Product Solutions Company and vice president Exxon Mobil Corporation.

Insiders

Sign Up for our Newsletter

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

article thumbnail

MIDTAP Achieves Unprecedented Growth in Petroleum Trading, Zero Accidents, Injuries in 2024

Egypt Oil & Gas

Hasanen also highlighted the company’s important role in transporting crude oil from SUMED companys receiving system in Sidi Kerir to the MIDOR refinery in Alexandria, where it is refined and converted into high-value petroleum products. The total volume of petroleum products traded on the company’s marine dock reached 4.7

article thumbnail

Fifth Circuit Rejects EPA’s Overreaching on CAA and MBTA

The Energy Law

In what may be considered a warning shot to overzealous federal prosecutors looking to obtain criminal convictions under the Clean Air Act (“CAA”) or the Migratory Bird Treaty Act (“MBTA”), the Court of Appeals reversed criminal convictions against Citgo related to violations of both Acts at its Corpus Christi refinery. Forest Serv.,

article thumbnail

Louisiana Legislature Modifies Oilfield Cleanup Legislation

The Energy Law

By Rob McNeal Updated June 15, 2012 Significant revisions and amendments to Louisiana’s oilfield cleanup legislation, La. 30:29 (commonly known as Act 312) obtained final legislative approval on May 31, 2012 and are expected to become law shortly.

Casing 40
article thumbnail

President Biden Faces Constitutional Challenges to Revocation of Keystone XL Permit

The Energy Law

Background The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S A few months later, in May 2012, TC renewed its application, and again, the project underwent more than three years of review. Constitution. Gulf Coast.

article thumbnail

President Biden Faces Constitutional Challenges to Revocation of Keystone XL Permit

The Energy Law

The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S A few months later, in May 2012, TC renewed its application, and again, the project underwent more than three years of review. Constitution. Background. Gulf Coast.