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The Pipeline and Hazardous Materials Safety Administration (PHMSA) is one of the most important government agencies that many Americans have never heard of. PHMSA oversees the safe operation of our nation’s pipeline system, as well as approximately a million daily shipments of hazardous materials.
In a letter sent to President Claudia Sheinbaum and released on Monday afternoon, the association warned that many of these companies may have to stop operations as early as July. The letter did not specify the amounts owned to the group’s members, which include Baker Hughes, Halliburton, Weatherford, SLB Oil & Gas and Grupo Mexico.
Oklo and Vertiv are joining forces to revolutionize data center operations through an integrated solution that co-optimizes power and cooling, with Oklo’s reliable clean energy generation and Vertiv’s specifically designed advanced power and thermal management systems. In response to surging data center power demand in the U.S.,
There are two primary destinations for PW from onshore operations. This has caused regulating agencies to cut back on permitted disposal volumes in Seismic Response Areas (SRA) and in some cases to shut down permitted disposal entirely. This could force operators to stop production in previously profitable fields.
The panelists included Carlos Wakim, CEO of Bloom Holding, Mounir Haidar, Managing Partner of LEAD Development, Fuat Kasimcan, Secretary General of Turkish Contractors Association, and Abdulaziz Alobaidli, Chief Operating Officer of Masdar.
based oil sector investor (the ‘Investor’) to accelerate growth through the drilling activity in Zephyr’s Williston Basin non-operated asset portfolio. Zephyr’s flagship asset is an operated 46,000-acre leaseholding located in the Paradox Basin, Utah. basins; A US$100 million commitment from a major U.S.-based
They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, the benefits of the DOE’s Voucher Program, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo operates.
An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027. To remain competitive in this new context, companies are investing in decarbonizing their operations. In the PNIEC, the government reported that 67.9 Mtpa, COD 2022).
The increasingly fine-grained view into decarbonization allows companies or governments to identify potentially easy-to-adopt wins and even money-saving opportunities that can add up. One key insight from MACCs is that nature is the greatest lever of all. 2 â Cloud-powered technologies for sustainability ,â McKinsey, November 9, 2023.
In this case, America is the world’s biggest producer of ethane, which is converted into ethylene for plastics factories, and China is its largest customer. operate giant petrochemical plants that process US ethane almost exclusively. The vessels that ship the gas, dubbed Very Large Ethane Carriers, are another case in point.
The Company is completing final due diligence, and the appointments are expected to reinforce the Company’s governance and long-term growth strategy. In addition, the Company has also identified three new board candidates with expertise spanning energy, infrastructure, and digital innovation. Will Gray II, CEO of New Era Helium, Inc.,
Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Touchstone Posts Production Numbers from Trinidad Asset by Rocky Teodoro | Rigzone Staff | Thursday, July 17, 2025 | 7:00 AM EST The acquired entity holds a 65 percent operating interest in the Central Block exploration and production license.
and with the support of others who need the Strait to remain open), it could be an up to three month operation in the worst case,” Morse warned. Whatever it would be, that number would probably be higher than what might be required - as was the case in July 2008 when Brent hit ~$147 a barrel,” he noted.
million cubic meters per day (mcmpd) in the first 14 days of July, based on European Network of Transmission System Operators for Gas (ENTSOG) data. In the report, the analysts went on to state that they estimate that the EU’s net imports of Russian pipeline gas averaged 79.8
The NRC is an independent agency established by Congress in 1975 to make sure that nuclear reactors are deployed and operated safely. If NRC independence is compromised, the regulator could become vulnerable to industry or government influence in ways that raise the risk of a nuclear accident, they warned. over the past three decades.
Growth in the generative AI era looks like a classic case of âtwo steps forward, one step back.â As companies come to grips with the unique complexities of gen AI, initial progress leads to reversals and redos, in some cases threatening to stop development altogether.
As a result, tech leadersâ responsibilities are expanding into areas outside IT , including customer experience, innovation, operations, procurement, and strategy. It allowed our business to prioritize and align investments to a few programs to improve customer engagement, drive operational resiliency, and simplify operations.
Agents supercharge operational agility and create new revenue opportunities. That requires an architecture that is modular and resilient and, more importantly, an operating model that centers on humansânot just as users but as co-architects of the systems they will be living and working with.
The Louisiana Legislature’s 2023 Regular Session begins on April 10th, and last Friday, Louisiana Senator Allain of District 21 filed SB 154 proposing to enact a statutory framework directly governing the rights and obligations of parties to renewable energy leases. 122); The lessee of a renewable energy lease would be “bound to.
Activist hedge fund Elliott Investment Management has called on Phillips 66 to spin off its midstream business and tighten up operations. This conflict is concerning because Amber Energys executives are actively helping support Elliotts case to undermine Phillips 66s strategy, the U.S. (Oil Price) –U.S. refiner said.
Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. Although Louisiana is allocating significant funds to P&A orphan wells, there is a lack of financial incentive for operators to address AOOG wells.
It aligns with the Offshore Energies UK (OEUK) Supply Chain Principles and the objectives of environmental, social, and governance (ESG) reporting. This is all the more important when operators have to meet tight deadlines and often with lower budgets and every additional barrel counts.
We heard that a lot of folks are struggling with AI governance. So we introduced a new AI governance solution this year that enables customers to adopt best practices from frameworks like the National Institute of Standards and Technology’s AI Risk Management Framework. AuditBoard recently introduced RegComply.
It aligns with the Offshore Energies UK (OEUK) Supply Chain Principles and the objectives of environmental, social, and governance (ESG) reporting. This is all the more important when operators have to meet tight deadlines and often with lower budgets and every additional barrel counts.
Activist hedge fund Elliott Investment Management has called on Phillips 66 to spin off its midstream business and tighten up operations. Elliott, which has an investment worth more than $2.5
In a decision issued today, the Louisiana Third Circuit Court of Appeal issued the first appellate court opinion addressing the procedure for approval of settlements in casesgoverned by Act 312 (La. Having no objection to settlement in this case, the trial court correctly approved the settlement. Riceland Petroleum Corp.,
Over the course of Thursday and Friday - days III & IV - of India Energy Week 2025 that put us on the home stretch of the global event, conversations turned more meaningfully towards the Indian government's assertion of placing a 'gas economy' at the heart of its march to net zero by 2070. Have a read here if you wish.
Exxon is the operator of the block with a 45% stake. Chevrons bid to buy Hesss stake in the Guyana projects is being challenged by Exxon and CNOOC, who claim they have a right of first refusal for Hesss stake under the terms of a joint operating agreement (JOA) for the Stabroek block. dollars for the projects partners.
In doing so, the court found itself “in accord with the other courts of appeals, which have unanimously found there is no federal jurisdiction where state or local governments have brought state-law actions against energy companies for conduct relating to climate change.” Federal courts may only hear certain types of cases.
The Kurdistan Regional Government (KRG) and Iraq's federal government have entered into a new dispute over the legitimacy of two major energy agreements signed with American companies. The KRG, however, defended the agreements, stating they are " based on existing contracts with new US investment and new operating companies. "
Amidst historically low oil prices and economic shutdowns, fossil fuel companies continue to defend against lawsuits brought by state and local governments claiming climate-change related damages. The two federal district court judges handling the eight cases reached different conclusions on Plaintiffs’ remand motions. BP PLC et al.
These realities have led asset owners and operators to anchor their data strategies in legacy on-premises data historians, most commonly OSIsoft PI (now AVEVA PI). The platform supports both hot and cold data use cases, offering sub-second refresh rates to the cloud, as well as multi-year historical access.
A lot of this is gas, and even more will be gas once LNG Canada begins operation, with the launch scheduled for later this year. Incidentally, Albertas government just froze the price of carbon emissions in order to stimulate its energy industry along with its other industries. producers may start moving north to do just that.
In May 2018, oil and gas industry defendants removed a docket of 42 cases alleging violations of Louisiana’s coastal zone management laws to federal court in the Eastern and Western Districts of Louisiana (“CZM cases”). Defendants removed Auster (and 11 other Western District CZM cases) based on federal officer jurisdiction (28 U.S.C.
The “ LL&E II ” decision finds that Act 312 charges the court, not the jury, to determine the funding needed to remediate property to government standards. If (and only if) an express contractual provision allows greater remediation than government standards, a jury may consider and award such “excess remediation” damages.
District Court for the Western District of Louisiana held that a unit operator may not recover post-production costs from an unleased mineral owner’s share of production proceeds in Allen Johnson, et al. 30:10 governed whether a unit operator may deduct post-production costs against UMO’s share of production proceeds. [3]
Brazilian government data (SECEX) from January 16, 2024, shows that Brazil exported about $166.6 A WORLD-CLASS MINE Brazil Potash expects Autazes to produce roughly 2.4Mt of potash (MOP) once operating at full capacity enough to satisfy 20% of Brazil’s needs. What’s left is the operating license.
Since the initiation of climate change litigation several years ago, various state governments and interest groups have filed lawsuits against fossil fuel companies and governing authorities. The majority of these cases have been brought under state nuisance laws.
In case you are building a new house, you will have to apply for a normal mortgage loan then get an EEM loan as an add-on. A lender may offer multiple types of loan and in some cases all three. Seeking EEM’s is a good way to maximize income while reducing operational costs for businesses. Guide for Energy Efficient Mortgage.
The Texas Business Courts will potentially impact a wide range of cases, from high-value contract disputes to intricate corporate governance issues. What potential pros and cons may arise from submitting a case to the new Business Courts? These five divisions are fully operational beginning September 1, 2024.
Specifically, the acquisition is accretive on an annualized basis to 2025 EBITDA by 10%, and cash flow from operations and free cash flow by 9%. Accretive financial metrics The transaction is immediately accretive to EOGs net asset value as well as all per-share financial metrics. Forward-looking statements are not guarantees of performance.
The Court reached this holding based on the wording of the applicable JOAs, which were both based on the American Association of Petroleum Landmen Model Form Operating Agreement 610-1982. Smith”) was the operator of the Bloomberg oil and gas lease, whose operations were governed by two JOAs. Smith Production Inc.,
Cisco, with over 20 years of experience helping utilities digitize operations, has identified four key principles to build a secure and resilient energy grid. To address these challenges, utilities must adopt a cyber-resilient approach to their grid infrastructure. Securing every port of your field networking equipment is key.
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