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India Eyes New Sites to Boost Strategic Oil Reserves

OilPrice

India, the world’s third-largest crude oil importer, which depends on imports for about 85% of its daily consumption, considers building three new sites to raise its strategic petroleum reserves. In case of exigencies, we will be better prepared,” Jain said. “In In case of exigencies, we will be better prepared,” Jain said.

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Is Venezuela about to lose Citgo, its most prized foreign asset?

Oil & Gas 360º

court has completed a second bidding round in a auction of shares in the parent of Venezuela-owned Citgo Petroleum after at least three consortia submitted revised bids in June, raising creditors’ hopes of receiving payment for some of Venezuela’s outstanding debt. They can also continue parallel cases in other U.S. 3rd party Ad.

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MIDTAP Achieves Unprecedented Growth in Petroleum Trading, Zero Accidents, Injuries in 2024

Egypt Oil & Gas

Minister of Petroleum and Mineral Resources Karim Badawi attended the General Assembly meeting of the Middle East Oil Tankage & Pipelines (MIDTAP) company to discuss its 2024 performance. The total volume of petroleum products traded on the company’s marine dock reached 4.7 million tons in 2024, compared to 1.6

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What Qualifies a Pipeline as a Common Carrier?

Texas Oil & Gas Attorney

The Houston Court of Appeals decided a case recently on whether a pipeline was a common carrier or not. The Court noted that the natural gas liquids that the Grand Prix pipeline would carry falls within the definition of crude petroleum, which is required for condemnation authority. Farms, Ltd. Grand Prix Pipeline, LLC , No.

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US judge extends Citgo auction’s schedule, moves final hearing to August

Oil & Gas 360º

judge in Delaware has extended the schedule for a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, moving the sales process’s final hearing to August 18, according to a filing on Wednesday. (Investing) – HOUSTON -A U.S.

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Plaintiffs and Defendants Jointly Choose First Cases for Trial in Plaquemines Parish Coastal Zone Management Act Litigation

The Energy Law

The first five Plaquemines Parish Coastal Zone Management Act (“CZMA”) cases to be set for trial have been chosen. Equitable Petroleum Corporation, et al. Equitable Petroleum Corporation, et al. The Plaintiffs selected Parish of Plaquemines v. Rozel Operating Company, et al. Parish of Plaquemines v. and Parish of Plaquemines v.

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US judge extends topping period in Citgo parent’s auction until June 2

Oil & Gas 360º

federal judge has extended to at least June 2 a period for bidders to submit rival bids in a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a filing released on Tuesday. (Investing) –HOUSTON – A U.S. Last month, Delaware judge Leonard Stark approved a $3.7

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