article thumbnail

The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

million tons per annum [Mtpa,] commercial operation date [COD] 2016); Heidelberg Material’s cement plant in Brevik, Norway (0.4 25 “Caster Spain underground gas storage,” European Investment Bank and Complaints Mechanism, March 7, 2018. billion carbon credits issued since 2016. Mtpa, COD 2022).

article thumbnail

EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025

Oil & Gas 360º

About Ron Gusek Ron Gusek is the CEO of Liberty Energy, after serving as President since November 2016. in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs.

Energy 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Derivatives: ISDA Announces 2016 New York Law Variation Margin Credit Support Annex

The Energy Law

On April 14, 2016, the International Swaps and Derivatives Association, Inc. ISDA ) announced the 2016 ISDA Credit Support Annex for Variation Margin for use with New York law transactions (the 2016 CSA ). Parties to the 2016 CSA are able to negotiate collateral terms for variation margin in accordance with rules issued by U.S.

article thumbnail

Offshore Companies Face Surge in BSEE Enforcement Actions and Penalties

The Energy Law

Moreover, in July 2016, BSEE increased the maximum daily penalty rate from $40,000 to $42,017. [2] For more information on the mechanics of BSEE enforcement actions and the process for challenging INCs and civil penalties, see Stephen W. Wiegand, “INCs, Civil Penalties, and the Appeals Process,” 2016 NO. 7 (2016). [1]

article thumbnail

Struggling With Underperforming Gas Lift Wells?

OilPro

The LiftPlus system is a positive displacement pump which is not actuated mechanically with sucker rods. national weighted average CO 2 marginal emission rate, year 2016 data) GHG Emission Effect Base Case One LiftPlus System replacing 1 ESP using 150 HP of continuous electricity – 150 HP = 111.9 Emission Factor 1,640.7

Gas 40
article thumbnail

Does the Market Need OPEC/OPEC+?

Energy Outlook Advisors

OPEC had no quota system and no mechanism to manage the market at that time— not even political clout. As time passed by, it was apparent that the role of some non-OPEC members was important, and this later led to the OPEC+ agreement in 2016. OPEC has no legal power over its members and no enforcement mechanism.

article thumbnail

The great trade rearrangement

McKinsey

This would be an increasingly relevant mechanism over the course of months or years (depending on the product), which we have generally not simulated. Domestic US production or other economies’ exports may scale to meet US demand.