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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 thenew
Tanzania plans to launch in May its fifth oil and gas licensing round for 26 exploration blocks in what will be the East African countrys first such bidding round since 2014.
Europes failure to put long-term international security interests above short-term economic benefits over Georgia in 2008 and over Ukraine in 2014 was key in encouraging Russian President Vladimir Putin to launch the full-scale invasion of Ukraine on 24 February 2022.
Cushing inventories increased but remained below the 5-year range (but now above the lows of 2014 as shown in Figure 11). EOA’s Main Takeaway Although inventory changes followed historical trends, the recent decline in gasoline inventories was larger and steeper than usual and the decline in crude inventories surprised traders.
In the closing hours of the 2014 West Virginia legislative session, the legislature passed Senate Bill (SB) 373, the Aboveground Storage Tank Act (see Fate of 3 WV Laws that Impact Marcellus/Utica Drilling). The post WV Senate Bill 592 Eases Oil & Gas Storage Tank Inspections first appeared on Marcellus Drilling News.
Cushing inventories decline to their lowest level since October 2014. A side from the fact that Cushing lost its significance in oil pricing, rebuilding inventories is only a matter of time. They are way below the bottom of the 5-year range as shown in Figure (11).
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.
(World Oil) – Ecuador President Daniel Noboas plan to revitalize the nations biggest oil field is crumbling as he scrambles to secure re-election weeks before a runoff vote. Former Oil Minister Fernando Santos separately characterized Noboas ultimatum as a pretext to end the negotiations elegantly.
On December 3, 2021, the Department of Justice published a notice in the Federal Register of a settlement between Federal and State Trustees and Kirby Inland Marine, LP (“Kirby”) to resolve natural resource damages from a 2014oil release. Kirby has been a cooperating responsible party and paid for removal costs.
Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. regulator appeared first on Oil Gas Leads. regulator appeared first on Oil Gas Leads. regulator appeared first on Oil Gas Leads.
(Oil Price) –Petronas has launched a process to potentially sell its interest in a Vaca Muerta joint venture which would see Malaysias national oil and gas firm exit the Argentinian shale region, sources with knowledge of the matter have told Bloomberg.
March 07, 2025 Chart of the Day EOA: In 2024, US Oil Demand Growth Slowed Significantly Summary Figure (1) shows trends in US yearly oil demand since 1973. Oil demand is tied to economic growth, so it has declined with every recession. Oil demand has been growing year-over-year since the 2020 collapse. Answers below.
(Oil Price) –BP chair Helge Lund has informed the board that he would be stepping down from the role most likely during 2026, as activist investor Elliott continues to demand more changes at the UK-based supermajor. Now is the right time to start the process to find my successor and enable an orderly and seamless handover.
198 of 2014, which established the Mineral Resources Law. The post Egypt Revamps Mining Law for Economic Growth, Investment first appeared on Egypt Oil & Gas. Egyptian President Abdel Fattah El-Sisi has issued Decision No. 87 of 2025 amending select provisions of Law No.
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.
By Nini Gu As the first state to address oil and gas methane in 2014, Colorado racked up another first in February, when it began implementation of the 2024 U.S. EPA methane rule before any other state.
Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Avangrid Grows Generation Capacity in US to 10.5 Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Avangrid Grows Generation Capacity in US to 10.5 Data center load growth in the U.S.
OFSE quarterly revenue edged up for the first time since Q3 2014, helped by an oil price–driven recovery in capex. But most activity is in the US onshore, with sectors elsewhere still facing slim pickings.
Tariffs, Oil Prices, and the Budget The market, as measured by the Rabee Securities U. The tariff's direct impact on Iraq is almost zero, since oil constitutes almost all of its exports to the U.S., bn), or 16%, in less oil revenues than in 2024. By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. for the month, and 0.2%
As oil prices rise to levels not seen since 2014—primarily as a result of geopolitical risk and ongoing OPEC production cuts—we expect to see further improvements in the OFSE sector and a renewed emphasis on North American shale.
Oil and gas exports are a key revenue source for Moscow and the sector has been subject to Western sanctions since 2014, when Russia [Read more] As talks aimed at ending the war in Ukraine continue, a potential relief in sanctions imposed on Russia, including its vast energy sector, is one of the issues on the agenda.
Last week, the price rose above $90/bbl for the first time since 2014. To recap, in the first half of 2014, oil prices spent most of the time bouncing between $100/bbl and $105/bbl. But the shale boom had put millions of new barrels of oil into. That was also the last year the price of WTI was above $100/bbl.
Oil prices have plunged to levels not seen in years, dragging down energy stocks and forcing a strategic reassessment across the U.S. To balance the market, oil prices may need to drop to a point where U.S. This looks a lot like 2014 all over again, said an energy strategist. Bottom Line: The oil market is on edge.
According to a statement from the company, the funds will provide additional working capital, supporting Petrel's efforts to secure new oil and gas projects in Iraq and beyond. Petrel may be invited to enter into pre-qualification discussions with the Ministry of Oil.
Since 2014, YWEs Awards Program has highlighted over 100 womens [Read more] ALBERTA March 5, 2024 – Young Women in Energy (YWE) is proud to announce the recipients of the 2024 YWE Awards! These ten inspirational women are paving the way for the next generation of leaders and are shaping the future of Albertas energy industry.
oil production by about 9 million barrels per day. By late 2014, as U.S. oil production growth was approaching 5 million BPD, OPEC decided they could no longer ignore it. By late 2014, as U.S. oil production growth was approaching 5 million BPD, OPEC decided they could no longer ignore it. At its November 2014.
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.
Environmental Protection Agency (EPA or Agency) committed to improving air emissions data for the oil and natural gas production sector. EPA made this commitment in response to the Office of Inspector General’s February 20, 2013 report, “EPA Needs to Improve Air Emissions Data for the Oil and Natural Gas Production Sector” (pdf) (Report).
While returning to M&A markets for the first time since Yates Petroleum in 2016, EOG still stayed adjacent to its core strategy by pursuing an acquisition that included exposure to the relatively new Utica oil and liquids window. In addition to finally adding oil-focused inventory, EOG will have add significant gas exposure.
On May 21, 2021, the Division of Oil and Gas Resources Management issued Chief’s Order 2021-97 (the “Restart Order”), authorizing AWMS Water Solutions, LLC, to resume injection operations at one of its Class II injection wells. Those operations had been suspended by a prior Division order issued in 2014 due to detected seismic activity.
2023), the Texas Supreme Court held that the lessee could not invoke a force majeure clause to save its oil and gas leases when it inadvertently scheduled its operations to begin after the requisite deadline. The lessee, MRC Permian Company, received four identical oil and gas leases from certain lessors in 2014.
in March 2024, was issued 2014 following an environmental assessment. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! The certificate approving PRGT, acquired by the Nisga’a Nation and Western LNG LLC from TC Energy Corp. There’s a reason 700K+ energy professionals have subscribed.
He highlighted that this project had been stalled since 2014 but was revived as part of the government's strategy to restart delayed energy initiatives. The project aligns with the government's goal of converting 40% of exported crude into refined products by 2030, reducing Iraq's dependence on raw oil exports.
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.
Wiegand On August 16, 2012, EPA issued new source performance standards (NSPSs) for the oil and gas sector. The standards applied to various sources including storage tanks used in crude oil and natural gas production. On April 12, 2013, EPA announced proposed amendments to the rule pertaining to storage tanks.
El Nuevo Banco de Desarrollo fue creado en 2014 con el propósito de movilizar recursos para proyectos de infraestructura y desarrollo sostenible en países emergentes. La adhesión a esta iniciativa abre oportunidades para una cooperación más profunda con el país asiático en materia de inversión, comercio y tecnología.
Then oil prices plummeted in 2014, and again in 2020. He replied that he would refuse to pay that much, and I asked what he would do if the price rose to $10 a gallon tomorrow. He finally conceded that he would, in fact, pay $10 a gallon for gasoline.
Estas leyes sustituyen la legislacin derivada de la reforma energtica de 2013-2014 y marcan un nuevo rumbo para ambas empresas pblicas. Para el Consejo de Administracin de Pemex, los consejeros sern: Cristbal Arias Sols , quien permanecer cinco aos en el cargo.
1, 2014) (comments are due on September 30, 2014). For trains transporting crude oils that exhibit certain physical properties, the new rules, if promulgated, will also require lower speed limits, better braking, and a formal sampling and testing program for volatile liquids, including oil. See 79 Fed. 45,016 (Aug.
Bedrocks Low-Cost Operating Strategy Founded in 2017, Bedrock Energy Partners focuses on acquiring and enhancing mature oil and gas properties, particularly in the Barnett Shale and other established basins. This approach aligns with their commitment to being a low-cost operator in the competitive oil and gas industry.
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