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Chris Cornelius announces the following changes, effective March 10th, 2025: Dr. Paul Clarke will be promoted internally to the role of Chief Executive Officer and President from his current role of Vice President of Exploration. From 2015 to 2024, Mr. Pierce was CEO and Director of TAG Oil Ltd.,
After seeing a wave of reorganization previously when crude lost its footing, companies have kept debt levels in check, been conservative about growing production and made judicious use of hedges. That is a challenge for companies that want to use deals principally to extend overall inventory life.
Louisiana Land and Exploration Co., Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. Louisiana Land and Exploration Co., After the LL&E I decision, the case went to trial in 2015. The Energy Law Blog will explore the import of the prescription ruling in a separate post.
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.
112(n)(4), establishes a non-aggregation standard for exploration and production facilities, specifying that HAP emissions from oil and gas wells and compressor stations should not be aggregated for major source determinations. Background Section 112(n)(4) of the Clean Air Act, 42 U.S.C. § 7412 (n)(4)(A).Section 7412 (n)(4)(A).Section
Samuel Abu Jinapor also discussed the government’s efforts to increase gold production to support the program and underscored the mining sector’s significant contribution to the economy, constituting nearly 9% of GDP.
Years earlier, Sweet Lake sued multiple oil and gas operators, including four BP entities (collectively, “BP”), alleging environmental damage to property caused by exploration and production activities. In May 2015, a jury found BP was responsible for the damage. Louisiana Land & Exploration Co. , 30:29(F), M.J.
Explore five key trends that will shape the future of flexible energy systems, providing substantial benefits for utilities and their customers. Share on Explore the critical role of AI, DERMS, and digitalization in enhancing energy flexibility to optimize grid stability and efficiency.
Asset values have also declined when crude prices moved 20 percent or more lower year-over-year, with the value of Permian acreage falling about one-third in 2015 compared to 2014 and losing more than half its value in 2020 over 2019, based on the average price per acre paid.
Louisiana Land and Exploration Co., Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. Louisiana Land and Exploration Co., After the LL&E I decision, the case went to trial in 2015. The Energy Law Blog will explore the import of the prescription ruling in a separate post.
law “to the subsoil and seabed of the outer Continental Shelf and to all artificial islands, and all installations and other devices permanently or temporarily attached to the seabed, which may be erected thereon for the purpose of exploring for, developing, or producing resources therefrom.” (343 1333(a)(1).
By ratifying the 2015 Paris Agreement, [1] nations across the world made a commitment to reducing greenhouse gas emissions by at least 40% by the year 2030. Carbon dioxide is one of the primary greenhouse gases found in the Earth’s atmosphere, accounting for 76% of global greenhouse gas emissions according to published reports.
shale oil production surged to 10 million barrels daily , reinforcing Americas role as a cornerstone of global energy stability. OPEC+ Production Cuts: OPEC+'s decision to extend production cuts into 2025 aimed to stabilize markets but drew skepticism. Record U.S. Shale Output: U.S. LNG Export Dominance: U.S.
Therefore, high oil price volatility leads to a waste of resources, higher costs, and a deterioration of efficiencies in oil production and consumption. These developments forced policymakers in oil-producing US states such as Louisiana, Oklahoma, and Texas to intervene to ration oil production with the support of the Federal government.
As OPEC members and their toxic companion in the OPEC+ formation, Russia, mull keeping oil production on the high side of recent historical averages, the key question for the oil markets is — surely they are not going to launch another oil price war using the same strategy as failed twice before? shale oil producers would go bankrupt.
In this article, we first explore the challenges credit unions face. Between 2015 and 2024, the share of sales made digitally at US financial institutions rose about 30 percentage points across all products to 36 percent. Then, we outline starting points for how they can turn things around.
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