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(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.
(World Oil) – bp Plc and Shell Plc signed agreements with Libya’s National Oil Corp (NOC) to study new opportunities, joining international majors accelerating their return to the oil-rich African nation. Libya is currently running its first tender for energy exploration contracts since the 2011 civil war.
(World Oil) – With the producer club nearing the end of a first phase of jumbo output hikes, the market’s attention is turning to what will come after. The organization and its allies have been voluntarily holding back a second, smaller tranche of supply, propping up oil prices. That’s our expectation, that we will get another 0.55
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. The discovery was drilled near the Drivis discoveries of 2014, according to a press release by Equinor. percent stake. feet) below the seabed.
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. Image by batuhanozdel via iStock Chevron Corp. Eni SpA and Exxon Mobil Corp.
For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. He joined the company in 2014 as VP of Technology and Development. Ron holds a B.Sc.
(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. Register to attend. basins; A US$100 million commitment from a major U.S.-based
The state-owned integrated oil and gas company said it had won the award June 10. “Naftogaz had been the leading player in the natural gas industry in Crimea, active in gas exploration, production, transport, storage, processing, and distribution”, it said. million), in enforcement of the French decision.
On top of that, upstream companies will now have to navigate significant headwinds from falling oil and equity values. Buyers on the other hand were already stretched by M&A valuations and cant afford to continue to pay recent prices now that oil prices are lower.
The Oil Industry of Nigeria If anyone asks Chevron or Shell, for example, how they feel about Nigeria, the response would probably be that they were tired of problems, at least if they were honest. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration.
billion, Andrew Dittmar, principal analyst at Enverus Intelligence Research provided this commentary explaining the deal’s significance: “While corporate mergers are a staple of oil and gas operators, they have been rare in the more sedate minerals space. billion inclusive of net debt.
On the vendor/supplier side, Houston-based Vertice Oil Tools acquired Greenwell Engineering Inc. Other large customers today for Underdog include Fasken Oil and Ranch and Hibernia. With Fasken Oil and Ranch, same thing—they’re a family owned company like we are,” Esquibel says. “I on April 15.
District Court for the Western District of Louisiana held that a unit operator may not recover post-production costs from an unleased mineral owner’s share of production proceeds in Allen Johnson, et al. 30:10 governed whether a unit operator may deduct post-production costs against UMO’s share of production proceeds. [3]
issued by the UK's Financial Conduct Authority ('DTR 4.3A') and in accordance with The Reports on Payments to Governments Regulations 2014 (as amended in 2015) (the 'UK Regulations') and our interpretation of the Industry Guidance on the UK Regulations issued by the International Association of Oil & Gas Producers.
On top of that, upstream companies will now have to navigate significant headwinds from falling oil and equity values. Buyers on the other hand were already stretched by M&A valuations and cant afford to continue to pay recent prices now that oil prices are lower.
In the vast expanse of Texas oil fields, a critical but often overlooked challenge lies beneath the surface: produced water management. For every barrel of oil extracted in the Permian Basin, one report estimates that operators typically generate between 4-10 barrels of produced water—resulting in an estimated 3.9
A recent SWD failure case dives into critical questions of proximate cause and explores whether the reasonable prudent operator defense may shield against surface damage claims. The well at issue (the SWD5) was originally drilled for oil and gas production in 1957, but it was converted into a saltwater-disposal well around 2007.
On May 30, 2014, in an unanimous decision in National Environmental Development Association’s Clean Air Project v. May 30, 2014). The Court’s decision is good news for the oil and gas industry. See National Environmental Development Association’s Clean Air Project v. Environmental Protection Agency , No. 13-1035, slip op.
On September 2, 2014, the Department of Justice announced a settlement in United States v. 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. Trans Energy, Inc. , 14-117 (N.D.W.Va.),
BlueStone primes the Court to resolve a Texas appellate court split regarding whether a lease provision requiring royalties to be paid based on “gross” profits or value received from the sale of oil and gas production nullifies an “at the well” valuation point elsewhere in a lease. Oil & Gas Co. Heritage Resources , 939 S.W.2d
The path to this Proposed Rule has been long and winding, beginning in 2014 with BOEM resisting making changes through formal notice and comment rulemaking pursuant to the Administrative Procedures Act, and instead continuing to regulate this issue through Notice to Lessee (“NTL”) guidance documents.
Including GVA from the manufacture of chemicals and chemical products, the manufacture of basic metals, and the estimated GVA in the cement and lime industry within the other nonmetallic mineral products sector in 2022 for Portugal and Spain. For example, the cement industry relies on the calcination process for cement production.
Delaware Basin Resources LLC , 08-20-00060-CV, the Court of Appeals for the Eighth District of Texas (El Paso) recently held oral argument on the proper construction of the word “and” used in a Delaware Basin oil and gas lease. When the primary term ended in February 2017, DBR had drilled on Section 6, but not on Section 2.
oil producers are grappling with geological limits to production growth as the countrys top oilfield ages and produces more water and gas and less oil and may be nearing peak output. will see peak production, and after that some decline, Occidental CEO Vicki Hollub said earlier this month at an industry conference in Houston.
(Oil Price) –It is highly unlikely that anyone with even a modicum of intelligence has lost money in the past ten years or so by trading against the predictable thinking of those in charge of Saudi Arabias oil policy. shale oil sector, as analysed in full in my latest book on the new global oil market order.
Nor did it boldly declare that the measures that they adopted would achieve their most cherished goal, stabilizing the markets, the code word of the OPEC +for an increase in the price of oil. As for the main issue, easing the production cuts of 2.2 As of Friday, before the markets closed, WTI and Brent were at $67.20 respectively.
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