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Subscribe now Oil market data has deteriorated since 2017 due to the US EIA's inability to define "crude" and distinguish actual crude production in shale plays. Sanctions on Iran and Venezuela in 2018 worsened the situation, with both countries using dark fleets to export oil, and Iran ceasing to publish OPEC production data.
(BOE Report) –NEW YORK (Reuters Breakingviews) Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. produced about 5 million barrels of crude oil per day, down by half from the 1970s. Twenty years ago, the U.S.
(Oil Price) –Back in 2017, oil production in the Permian stood at 2.2 Production growth in the most prolific shale play in the United States has been slowing already as production costs climb higher while oil prices slide lower. Output of crude oil in the play will plateau at 7.7 million barrels daily.
refiner Citgo Petroleum is dealing with a fresh dispute between creditors after a lowball starting bid was recommended in a reboot of the sale. ” The case overseen by Stark was first introduced by Canadian gold miner Crystallex in 2017 after winning an arbitration case, allowing other creditors in similar situations to join.
(Oil & Gas 360) – Calgary, Alberta (May14, 2025) Strathcona Resources Ltd. 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. Tourmaline) for $291.5
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. The proceeds will be used to finance these near-term growth opportunities and for general corporate purposes.
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.
Equitable Petroleum Corporation, et al. Helis Oil & Gas Company, LLC, et al. The Defendants picked Parish of Plaquemines v. and Parish of Plaquemines v.
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. ,
On April 4, 2017 , a federal district court dismissed a citizen-enforcement action under the Resource Conservation and Recovery Act that could have profound impact on fracking suits against the oil and gas industry. In Sierra Club v.
The Parish of Plaquemines amended its petitions in two of the Coastal Zone Management Act (“CZMA”) cases on June 19, 2017. Equitable Petroleum Corporation, et al. In response to the Court’s Judgments, Plaquemines Parish filed amended petitions for damages on June 19, 2017 in both Rozel and Equitable. Rozel Operating Co.,
The High-Stakes Transaction That Started It All This dispute arose from a series of complex oil and gas transactions involving hundreds of leases across thousands of acres. Callon acquired and recorded its ownership interest in August 2017.
The Journey BeginsCamaraderie and Fierce Loyalty in the Oil Patch In his eight years (1989-1997) with accounting giant Arthur Andersen his primary client was Halliburton. Thank God Youre Going to Get a Real Job Thats what Millers grandfather Jerry Cunningham said upon learning that his grandson was leaving accounting for the oil field.
This decision is likely to have far-reaching consequences for Louisiana legacy litigation, where courts have seen a recent uptick in claims by landowner-plaintiffs brought under the citizen suit provision of Louisiana Revised Statute 30:16, seeking to have their property remediated due to alleged contamination by historical oil and gas operations.
To that end, the EPA has approved the use of short-rotation poplar and willow trees for feedstock in biofuels, the use of cellulosic diesel made from the co-production of cellulosic feedstock and petroleum, and the use of renewable diesel and biodiesel produced from separated food waste.
This decision is likely to have far-reaching consequences for Louisiana legacy litigation, where courts have seen a recent uptick in claims by landowner-plaintiffs brought under the citizen suit provision of Louisiana Revised Statute 30:16, seeking to have their property remediated due to alleged contamination by historical oil and gas operations.
The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S energy security, and oil prices. [7]. 8] This time, the permit was approved within two months, on March 23, 2017. [9] Constitution. Background.
Background The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S energy security, and oil prices. [7] 8] This time, the permit was approved within two months, on March 23, 2017. [9] Constitution.
Since 2017, economies have traded less with geopolitically distant partners. Some signs of such an evolution have been evident since 2017, as big trading economies have adapted to shifts in geopolitics. For example, Chinaâs share of US textile and apparel imports fell by 14 percentage points between 2017 and 2024.
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