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by Andreas Exarheas | Rigzone Staff | Monday, June 30, 2025 | 6:54 AM EST Wood Mackenzie reveals who was crowned the 'most admired upstream explorer' in the company's latest Annual Exploration Summit Survey. Congratulations to John Ardill and the entire exploration team,” he continued.
Paul Clarke will be promoted internally to the role of Chief Executive Officer and President from his current role of Vice President of Exploration. Mr. Piet Van Assche will be promoted internally to Chief Operating Officer while maintaining his current role as Managing Director of Hungary.
It is also the basin that keeps giving with operators consistently adding locations by testing new zones of the prolific basins stacked pay, said Dittmar. That puts most E&Ps in a good position to maintain operations for the remainder of 2025, although the challenge they face increases if low prices persist into 2026.
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.
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. , Farms, Ltd.
One important change is how the new definition of “associated equipment” modifies the aggregation rule for Hazardous Air Pollutants (HAP), which in turn modifies the applicability of the “major source” definition for oilfield operations, in particular as it applies to oil and gas wells, tanks and glycol dehydrators. 7412 (n)(4)(A).Section
It is also the basin that keeps giving with operators consistently adding locations by testing new zones of the prolific basins stacked pay, said Dittmar. That puts most E&Ps in a good position to maintain operations for the remainder of 2025, although the challenge they face increases if low prices persist into 2026.
territorial waters and CBP’s 2020 Notice concerning vessel equipment and crane operations, the result was as expected. The Jones Act applies to activities and operations, such as the installation of a wind farm, in U.S. Insofar as the July 15 Ruling was in line with previous rulings addressing wind farm installations in U.S.
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.
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.
Subscribe now The oil industry, just like any other extractive industry, is capital intensive with its costs mostly being sunk cost, while the operating cost is relatively small. During a period of an economic downturn and very low oil prices, producers focus on the operating cost. They continue to produce despite the hefty losses.
If they cannot, firms might instead reduce purchases, replace imported products with something similar, or ramp up domestic production. Major products like laptops, smartphones, and toys are harder to rearrange. Shifts across many thousands of products will reshape the geometry of global trade. Granularity is key.
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.
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.
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