Oil & Gas 360º

MAY 5, 2025

produced about 5 million barrels of crude oil per day, down by half from the 1970s. With even remote fields like Alaskas North Slope sputtering and the cost to find and extract an additional barrel of oil rising, collapse loomed. That $62 per barrel break-even price in Midland is up from $46 in 2017. million in 2019.

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Oil & Gas 360º

MARCH 27, 2025

In 2020-2021, global commodity traders Trafigura, Vitol and Mercantile joined Vostok oil, Rosnefts flagship project that is expected to produce up to 2 million barrels per day (bpd) by 2030, but left it after February 2022. In November 2024, BP CEO Murray Auchinclos said the company continued to try to sell its stake in Rosneft. OMV paid 1.75

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Rigzone

JULY 23, 2025

The company noted in the statement that the discovery was made on the Vidsyn ridge, which it said has the potential to hold up to 100 million barrels of oil equivalent (mmboe) gross. Var Energi said in the statement that the Vidsyn well confirms discovered recoverable resources in the range of 25 to 40 mmboe gross.

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Gas Condensate Condensate Offshore Gas 62

The Energy Law

MARCH 15, 2017

BP , the plaintiffs alleged that BP had falsely certified to compliance with regulatory requirements pertaining to the engineering of the Atlantis Platform, a semi-submersible floating production facility capable of producing more than 100,000 barrels/day. On March 14, 2017, the Fifth Circuit affirmed the district court’s ruling.

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Offshore Engineering Engineer Education 40

Oil & Gas 360º

MAY 15, 2025

Strathcona would like to thank its entire Montney team, led by President Al Grabas, for their invaluable contributions in growing the Montney business from just 5 Mboe / d in January 2017 to 72 Mboe / d in 2024. This press release contains various references to the abbreviation boe which means barrels of oil equivalent.

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BBL Natural Gas Oil Operator 130

Drillers

MARCH 24, 2020

billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria. According to estimates from human rights groups, millions of barrels have leaked or spilt in the Niger Delta over the years.

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Oil Royalty Exploration and Production Government 52

The Energy Law

JANUARY 10, 2020

On October 20, 2017, Bouchard Transportation’s ATB BUSTER BOUCHARD/B. 255 suffered an explosion and fire while transporting roughly 2,000 barrels of oil off Port Aransas, Texas. Two crewmembers perished as a result of the casualty.

Transportation 40

Transportation E&A Education Casing 40

Iraq Business News: Oil & Gas

APRIL 3, 2025

Khor Mor field development The companies announced that daily production from Khor Mor in early March reached 525 MMscfd of natural gas, a growth of 75% since 2017, in addition to 15,200 b/d of condensate, and 1,070 t/d of LPG.

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Field Gas Petroleum Finance 45

The Energy Law

JUNE 13, 2017

9, 2017), the United States Fifth Circuit Court of Appeals held for the first time that a Responsible Party under the Oil Pollution Act of 1990 (“OPA”) has a statutory claim for contribution to recover purely economic damages from a partially liable third party. In Settoon Towing, L.L.C. Marquette Transportation Company, L.L.C. ,

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Oil Crude Oil Education Casing 40

The Energy Law

JUNE 6, 2017

With oil prices still far below their highs of a few years ago, many energy companies—some of which expanded rapidly when oil was north of $100 a barrel—now find themselves with more office space than they can reasonably use (or even afford). As of Q1 2017, there are approximately 10.8

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Maintenance IT Energy Energy 40

Oil & Gas 360º

MARCH 17, 2025

million barrels daily, which would solidify the countrys status as top global producerand a major reason for the weakness in oil prices. In the latest update from the cartel, Kazakhstan was the main overproducer, with an average daily rate of 1.767 million barrels in February versus a quota of 1.468 million barrels daily.

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