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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.
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.
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
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.
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.
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.
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
(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy).
(TSXV: CCEC) (FSE: 4JH) ( CanCambria or the Company ) is pleased to announce the results of the Companys independent resource evaluation for the Kiskunhalas tight-gas project in southern Hungary dated April 30th, 2025, prepared by Chapman Hydrogen and Petroleum Engineering ltd (CHPE). for un-risked case. CanCambria Energy Corp.
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.
Image by ffikretow via iStock The US is using its dominance of a niche petroleum gas as a bargaining chip in its trade war with China. 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.
Environmental Monitoring: In some cases, technicians may be involved in monitoring and assessing the environmental impact of oil and gas operations. Troubleshooting and Repair: When issues arise with equipment or systems, Engineering Technicians are often involved in troubleshooting and making repairs.
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 cases governed by Act 312 (La. Riceland Petroleum Corp., Having no objection to settlement in this case, the trial court correctly approved the settlement.
The issue in this case, Right-Way Sand Co. Code §111.019 provides the power of eminent domain in relation to “crude petroleum,” which the Hlavinka court held includes natural gas liquids. Pipelines LLC , No. 01-23-00573-CV, 2024 WL 1862861 (Tex. —Houston [1st Dist.] 30, 2024, pet.
In India's case, the country's Minister for Petroleum and Natural Gas Hardeep Singh Puri is leading the charge personally. Yours truly had the pleasure of reconnecting with the Minister and interviewing him for Forbes to discuss a host of energy related issues.
On appeal, the court reversed the dismissal and remanded the case to the trial court. Goodrich Petroleum Co., The appellate court found that genuine issues of fact existed with regard to whether the cattle dip was dangerous per se. In reaching this conclusion, the court found that the defendant’s reliance on LeJeune Bros.,
million barrels per day, accounting for about 20% of global petroleum liquids consumption, according to the U.S. Anti-ship missiles or drones of both airborne and surface types could be used in these attacks, he said. In 2023, oil flows through the waterway averaged 20.9 Energy Information Administration.
They do cased hole work, both vertical and horizontal production. The junk basket/gauge ring run employs a tool (the junk basket) with a ring attached to the tool that is “almost drift of the casing.” In other words, almost as big as the inside diameter of the casing pipe. active in the Delaware), and Civitas.
Yet, while many assume that a peak is inevitably followed by a decline, this will not be the case in the Permian. Of these 18, a handful are the really big players, including Exxon, Chevron, Occidental Petroleum, Diamondback Energy, and EOG. million barrels daily in 2035. Output of crude oil in the play will plateau at 7.7
By Greg Johnson and Stephen Wiegand In a July 17, 2013 decision, the United States Court of Appeals for the Fifth Circuit vacated a $6 million dollar penalty levied under the Clean Water Act (“CWA”) against CITGO Petroleum Corporation (“CITGO”) and remanded the matter to the Western District of Louisiana for further consideration.
Environmental Protection Agency (EPA) released its final Subpart W rule to cover petroleum and natural gas facilities under the agency’s Greenhouse Gas (GHG) Reporting Program. The original Subpart W rule for petroleum and natural gas facilities was proposed in March 2010.
LP, and New Dominion, LLC moved to dismiss the case on several grounds. In this case, the court noted that the Oklahoma Corporation Commission (“OCC”) is vested with exclusive authority to regulate injection/disposal wells. Second, the court dismissed the case under the “primary jurisdiction” doctrine.
This particular species of lease washouts is based on two recent cases from the El Paso Court of Appeals – Cimarex Energy Co. Anadarko Petroleum Corp., Anadarko Petroleum Corporation (“Anadarko”) acquired the remaining 5/6ths of the minerals in the same property by assignment from prior lessees. 3d 860 (Tex.
In support of that notion, the Court cited the 1957 Texas Supreme Court case Garrett v. Another possible example, though not noted by the Court, can be seen in a case currently pending before the Eastland Court of Appeals: PetroLegacy Energy II, LLC v. Element Petroleum Props., Dils Co. , 2d 904 (Tex. 11-21-00103-CV (Tex.
Chord Energy’s Legacy Transfer & Its Broader Implications Background: Whiting Petroleum and Oasis Petroleum merged in 2022 to form Chord Energy , focusing on the Williston Basin. In Ring Energys Case: TCEQ permit transfers confirmed the Lime Rock acquisition before closing announcements.
24, 2021), the United States Court of Appeals for the Fifth Circuit addressed a question that has increasingly become a sticking point in Louisiana “legacy” cases: whether claims brought under a Louisiana citizen suit provision for alleged violations of state environmental regulations can be heard in federal court. 20-30224 (5th Cir.
the Third Circuit not only provides yet another example of the uniform application of the doctrine in cases involving mineral rights under Louisiana law, but expressly and thoroughly rejects the numerous arguments on which plaintiffs-landowners have continued to rely. Goodrich Petroleum Co. BP America Production Company, et al. ,
In what may appropriately be called a “swing and a miss”, the Fourth Court of Appeals in San Antonio has rejected plaintiffs’ attempt to avoid the need for medical expert testimony in a toxic tort case by pleading damages for “symptoms of discomfort” instead of disease. Aruba Petroleum Inc., Marathon Oil Corp , et al., at Law No.
District Court Judge Dee Drell (Western District, LA) recently denied a motion to alter or amend the Court’s judgment against CITGO Petroleum Corp.– CITGO Petroleum Corp., In January 2016, Judge Haik retired from the bench and the case was transferred to Judge Drell. CITGO Petroleum Corp., Adm’r of E.P.A. Adm’r of E.P.A.
denied), IP Petroleum Co., denied), and Abraxas Petroleum Corp. The Texas Supreme Court stated that those cases all involved interpreting the exculpatory clause language of either the 1977 or 1982 A.A.P.L. Long Trusts , 134 S.W.3d 3d 267 (Tex. Tyler 2003, pet. Wevanco Energy, L.L.C. , 3d 888 (Tex. Houston [1st Dist.]
The results also suggest that there may be a substantial increase in our base case recoverable resources which could add tremendous value to the project over time. The evaluation confirms that theCane Creekreservoir is highly productive and potentially ranks alongside some of the most productive oil and gas plays in theU.S.
The Parish of Plaquemines amended its petitions in two of the Coastal Zone Management Act (“CZMA”) cases on June 19, 2017. Prior to the amendment of the petitions, Judge Clement sustained Defendants’ Exceptions of Vagueness in the two cases, namely: The Parish of Plaquemines v. Equitable Petroleum Corporation, et al.
Most Petroleum engineers would laugh at you if you suggested that you could learn about well production behavior in the Williston from historic production in the Eagleford however that’s exactly what we’re finding after building a “Giga Model” of all the Unconventional oil wells in the Lower 48. (OK
Phillips Petroleum Co. , The Bowden case involved claims against Phillips Petroleum company in connection with its natural gas marketing through affiliate companies. In Bowden v. 03-0824 (Feb. 15, 2008), the Texas Supreme Court again addressed the propriety of class actions for gas royalty claims.
Vicki Hollub: Early pilot tests show potential to double shale recovery Occidental Petroleum CEO Vicki Hollub says interest in direct air capture (DAC) is growingsomething that was far from the case a decade ago. shale assets.
24, 2021), the United States Court of Appeals for the Fifth Circuit addressed a question that has increasingly become a sticking point in Louisiana “legacy” cases: whether claims brought under a Louisiana citizen suit provision for alleged violations of state environmental regulations can be heard in federal court. 20-30224 (5th Cir.
KEW Drilling (KEW) sold its interests in these leases to three buyers—ExL Petroleum Management, LLC (Callon's predecessor), Silverback Exploration, LLC, and Arris Delaware Basin, LLC—through contracts executed in 2015 with closings occurring between June 2015 and February 2016. Leach Builders, LLC v. Sapphire V.P.,
In a recent case, the Louisiana Fourth Circuit Court of Appeal held that processors must also account for gas volume diverted to gas lift operations. Generally, oil and gas production facilities have accounted for volume losses under the concept of “Fuel, Flare & Losses.” In Red Willow Offshore, LLC v. Statewide Order No.
4] Paying quantities cases usually focus on what expenses constitute “operating expenses.” “Operating expenses”—or “lifting expenses” as they are sometimes referred—are “ordinary, recurring expenses” that are attributable to the expense of production, after the well is drilled and completed. [5] McKinney , 545 So. 2d 1216, 1220 (La.
Our analysis suggests that the cost of adopting CCUS would be similar to the price of emissions allowances under the EU ETS by 2030, creating a plausible business case for this technology. However, to maximize their decarbonization potential, CCUS facilities could be powered by renewable energy sources.
Your cell phone case, artificial heart valves, any kind of clothing thats not made with animal or plant fibers, soap, hand lotion, garbage bags, fishing boats, you name it. That road we came in on. The wheels on every car ever made, including yours. Its in tennis rackets and lipstick and refrigerators and antihistamines.
Environmental Protection Agency , the United States Court of Appeals for the District of Columbia Circuit vacated EPA’s policy limiting the reach of the Sixth Circuit’s decision in Summit Petroleum Corp. For more on this decision, see our previous blog entry here.
The statute is designed to promote quick, efficient cleanup and internalize costs within the petroleum industry. These types of damages, however, have long been prohibited under the general maritime law (the default body of federal common law governing maritime cases) under the familiar Robins Dry Dock rule.
When combined with the potential for significant returns and portfolio diversification, the tax benefits create a compelling case for Florida investors to consider oil and gas drilling projects as part of their investment strategy.
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