Oil & Gas 360º

JUNE 13, 2025

(Investing) – Israel’s attack on Iran is unlikely to cause a major disruption to oil supply, analysts at two major banks said, but a worst-case scenario involving blockades in the Strait of Hormuz could push prices above $100 per barrel, Goldman Sachs said. per barrel.

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Oil & Gas 360º

JUNE 17, 2025

The service sector has significantly decreased its activities because of the lack of payments from Pemex, AMESPAC said in the letter, adding that “its cash flow is seriously compromised and in most cases it cannot guarantee operational continuity as of July of this year.” “We

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Oil & Gas 360º

JUNE 24, 2025

It also wants a mechanism to cap EU transit fees, and guarantees in case of a gas shortage, Economy Minister Denisa Sakova said last week. Slovakia argues that cutting off Russian pipeline gas will raise prices, especially in central Europe.

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Oil & Gas 360º

JULY 1, 2025

refiner stems from an eight-year-old case that Canadian miner Crystallex initiated in Delaware against Venezuela. The judge and parties in the case are expected to attend a final hearing about the sale process on August 18. They can also continue parallel cases in other U.S. (Investing.com) – HOUSTON -A U.S. 3rd party Ad.

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Oil & Gas 360º

JULY 1, 2025

billion to Eton Park in the same case, which Argentina is also appealing. .” The legal dispute arose from Argentina’s 2012 seizure of the 51% YPF stake held by Spain’s Repsol (OTC: REPYY ), without tendering for shares held by minority investors Petersen Energia Inversora and Eton Park Capital Management. In 2023, Preska awarded $14.4

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Oil & Gas 360º

MAY 30, 2025

(World Oil) – Exxon Mobil Corp. said it will be business as usual in its massive Guyana oil field if it loses its arbitration case against Chevron Corp. But if the judges decide thats not the case, then we get a new partner, business carries on as normal. and Hess Corp. You have to protect your contractual right.

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The Energy Law

JANUARY 24, 2007

The Associated Press reported today that a federal jury found Kerr McGee liable for additional royalties on crude oil produced from federal properties and sold through Texon. Kerr McGee had denied the allegations and claimed that no additional royalties were owed. Kerr McGee has indicated that intends to appeal the verdict.

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The Energy Law

JULY 3, 2019

a case concerning Texas partnership law. The dispute between ETP and Enterprise began in 2011, when Enterprise approached ETP about potentially building a crude oil pipeline together. Enterprise Products Partners, L.P. , Energy Transfer Partners has garnered significant amicus support on both sides of the “v.”

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Oil & Gas 360º

MARCH 17, 2025

A three-judge arbitration panel is due to consider the case later in May. Though the proposed takeover has cleared the FTC’s antitrust review, one last hurdle remains – Exxon Mobil’s challenge to the deal. Reporting by Mrinalika Roy in Bengaluru; Editing by Tasim Zahid)

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Oil & Gas 360º

MAY 14, 2025

It also has some rather solid crude oil resourcesand some of the lowest production costs in the industry. The primary benefit of Canadian oil sands and Montney assets lies in their extensive inventory of low-cost resource, Enverus wrote in a recent analysis of the prospects of oil sands and the Montney shale.

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Oil & Gas 360º

MARCH 28, 2025

The complex auction meant to repay 18 creditors for debt defaults and expropriations by Venezuela and state oil company PDVSA was relaunched in January after a year-long bidding process ended in shambles amid arguments over Citgos worth and parallel legal cases. BONDHOLDER ISSUES The Red Tree $3.7

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Oil & Gas 360º

MAY 30, 2025

NYSE: EOG ) is one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the United States and Trinidad. Wachtell, Lipton, Rosen & Katz is serving as EOGs lead legal advisor. Akin Gump Strauss Hauer & Feld LLP is also serving as legal counsel to EOG.

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Oil & Gas 360º

MARCH 26, 2025

Several small and mid-cap oil producers posted weak results and soft 2025 (or 1Q) guidance, in some cases due to inventory degradation and operational noise. Within Exploration & Production, 4Q results brought divergent performance across the group.

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Oil & Gas 360º

APRIL 7, 2025

The breakdown of well types for total original drilling permits in March 2025 is: 137 oil, 52 gas, 469 oil and gas, 20 injection, 1 service, and 17 other permits. As is always the case, the March 2025 numbers are subject to updating and revision by the commission.

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Oil & Gas 360º

MAY 27, 2025

Since last year, some Venezuela-linked creditors trying to cash proceeds in the eight-year case in Delaware have introduced lawsuits in pursuit of the same assets. A New York court last week dismissed arguments by one of the groups of creditors.

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Oil & Gas 360º

APRIL 8, 2025

billion in Phillips 66, last week made the case to the refiners shareholders that Phillips investors’ patience has been punished, and a new lineup on the Board is necessary to reverse the Company’s long-term underperformance and improve its poor corporate governance practices. Elliott, which has an investment worth more than $2.5

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Oil & Gas 360º

APRIL 3, 2025

The Cypre development is the second major project to start up in two months, during which the UK-based supermajor sought to convince shareholders its investment case is now stronger with the pivot back to oil and gas.

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Oil & Gas 360º

MARCH 19, 2025

Earlier this week, Goldman Sachs cut its year-end forecast for Brent Crude prices, citing expectations of slower U.S. economic growth and additional OPEC+ supply.

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CNBC: Energy

JUNE 23, 2025

Morteza Nikoubazl | Nurphoto | Getty Images "Some tanker owners may feel that China, who buys 90% of Iranian crude oil along with significant quantities of oil from the Middle East, is pressuring Iran not to disrupt shipping," Lipow added.

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Oil & Gas 360º

JUNE 11, 2025

The eight-year court case, aimed at compensating creditors for debt defaults and asset expropriations in Venezuela, has endured multiple delays. (Investing) – HOUSTON -A U.S. A first bidding round last year failed to satisfy most of the companies expecting to cash proceeds.

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The Energy Law

APRIL 5, 2018

The ATHOS I was contracted to deliver crude oil from Venezuela to a syndicate of CITGO interests, collectively referred to as “CARCO.” The allision resulted in a spill of approximately 264,000 gallons of crude oil into the Delaware River. As the designated responsible party under the Oil Pollution Act (“OPA”), 33 U.S.C.

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Oil & Gas 360º

MAY 28, 2025

Hess and Chevron claim the JOA doesnt apply to a case of a proposed full corporate merger. The stakes in this case couldnt be higher for Chevron, which is looking to gain a foothold in a very profitable offshore basin that is set to boost oil production exponentially over the coming years.

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The Energy Law

DECEMBER 8, 2017

In a decision by the Louisiana Board of Tax Appeals, Liskow & Lewis attorneys Robert Angelico , Jim Exnicios , Cheryl Kornick , RJ Marse , and Jeff Birdsong obtained a ruling rejecting attempts by the Louisiana Department of Revenue to increase the amount of severance taxes due on crude oil produced in Louisiana.

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Oil & Gas 360º

MAY 27, 2025

Yet, while many assume that a peak is inevitably followed by a decline, this will not be the case in the Permian. Output of crude oil in the play will plateau at 7.7 Going forward, growth is about to continue slowing, the analysts predicted, until production peaks at 7.7 million barrels daily in 2035.

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Scambio Termico

DECEMBER 17, 2021

In the past three decades, more than 30,000+ units have been installed globally in various applications like crude oil refinery, oil and gas, petrochemicals, pulp and paper, mining and metal industries, to name a few. Table 1 shows/compares design output on various parameters for both Compabloc and shell and tube technology.

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Oil & Gas 360º

MARCH 10, 2025

Barrel of Oil Equivalency “Boe” means barrel of oil equivalent. All boe conversions in this press release are derived by converting gas to oil at the ratio of six thousand cubic feet (“Mcf”) of natural gas to one barrel (“Bbl”) of oil. Liquids refers to crude oil and NGLs combined.

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Iraq Business News: Oil & Gas

MAY 20, 2025

In a separate agreement , WesternZagros secured rights to the Topkhana block , which, combined with their existing Kurdamir block , reportedly holds a resource potential of up to 5 trillion standard cubic feet of natural gas and 900 million barrels of crude oil. The agreements quickly drew condemnation from Baghdad.

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The Energy Law

APRIL 17, 2019

In a victory for the oil and gas industry, the Third Circuit rendered a decision rejecting attempts by the Louisiana Department of Revenue to impose severance taxes on crude oil production based on index pricing. The attorneys involved in Avanti case are Cheryl Kornick , James Exnicios , Robert Angelico , and R.J.

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The Energy Law

SEPTEMBER 12, 2008

By Jonathan Hunter: In a highly anticipated decision, the Tenth Circuit held this week that the district court had subject matter jurisdiction over a qui tam action filed by an MMS auditor concerning royalty payments on crude oil produced from offshore federal leases.

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Producer's Edge

JANUARY 6, 2025

The issue in this case, Right-Way Sand Co. 2022), the Texas Supreme Court held that PGP is an “oil product” qualifying for statutory condemnation authority under section 2.105 of the Business Organizations Code because it is derived from crude oil. Pipelines LLC , No. 01-23-00573-CV, 2024 WL 1862861 (Tex.

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Permian Basin Oil and Gas Magazine

JULY 14, 2025

Senate Bill 1806 addresses regulations concerning the inspection, sale, and management of petroleum products, oil and gas equipment, and oil and gas waste. It amends existing criminal procedures and establishes new definitions and procedures particularly focused on petroleum products, such as crude oil and condensate.

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The Energy Law

OCTOBER 16, 2014

As if crude producers and midstream transportation companies don’t already have enough problems trying to get crude oil from production fields to refineries thanks to inadequate pipeline infrastructure, tank car supply, rail safety concerns, and new regulations, they now also have to address a new, potentially market-busting lawsuit.

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Rigzone

JUNE 24, 2025

“Around 15 million barrels per day, or nearly a third of global seaborne crude oil exports, transit through the strait. A full closure would have the most severe impact on Asia, which receives nearly 80 percent of these flows,” Shah said.

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The Energy Law

JULY 9, 2008

involved a class action that was filed by commercial fisherman and native Alaskans against Exxon and its tanker captain for economic losses suffered as a result of the now infamous Exxon Valdez oil spill that occurred in 1989. V) preempts punitive damages awards in maritime spill cases. Baker, et al. Exxon spent $2.1 816, 33 U.S.C.

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Producer's Edge

JANUARY 20, 2025

This recent case [ MIECO, L.L.C. With these common strings, this case could have implications (small or large) for other similar pending disputes across the state. In the MEICO court’s view, that case “counsels strongly” against reading the word “prevent” to mean “make impossible.”

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Oil Gas Leads

JUNE 11, 2025

(private) (N/A – private; high gas focus) (N/A – private) ~7–9 rigs in Oklahoma (2025) (21 wells drilled in 2023) Note: MBOE/d = thousand barrels of oil equivalent per day. Liquids” includes crude oil and NGLs. CapEx = capital expenditures. Sources are cited in brackets.

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IBM: Oil & Gas

DECEMBER 2, 2019

We create software solutions for participants in the oil and gas supply chain — the producers, suppliers and retailers who move bulk liquids like crude oil, natural gas liquids and derivatives like natural gas, propane, butane and more. Vertrax knows something about this.

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