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EU Floats Dynamic Price Cap on Russian Oil Under Market Pressure

OilPrice

The European Commission has proposed a major overhaul to its Russian oil price cap regime, introducing a floating benchmark tied to global crude prices in an effort to regain control over a sanctions tool that has lost impact as oil markets decline, Reuters reported on Thursday.

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Kazakhstan's CPC Exports To Fall In May

OilPrice

Kazakhstan's oil exports via the Caspian Pipeline Consortium (CPC) are poised for a significant decline in May, with daily shipments of CPC Blend crude from Russia's Black Sea port of Novorossiysk expected to drop to approximately 1.5 million barrels per day (bpd), down from 1.6 million barrels per day (bpd), down from 1.6

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Russia-India Oil Shipping Rates Drop as Urals Dips Below Price Cap

OilPrice

The price cap mechanism set by the G7 and the EU says that Russian crude shipments to third countries can use Western insurance and financing if cargoes are sold at or below the $60-a-barrel ceiling.

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Namibia considers incentives to expedite TotalEnergies’ offshore development

Oil & Gas 360º

(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation.

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Coalition Aims to Help NOCs Integrate Methane Reduction in Debt Financing

Rigzone

The Methane Finance Working Group released guidance to 'deliver and deploy market-tested finance mechanisms that facilitate decarbonization across the oil and gas sector'.

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Baker Hughes awarded Equinor contract for P&A work in North Sea

Oil & Gas 360º

(World Oil) – Baker Hughes will provide Equinor plug and abandonment (P&A) services in the Oseberg East field on Norway’s continental shelf. Planning for Oseberg East is now underway, and the execution is scheduled to begin in 2026.

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A New 26-Step Mechanical “Non-Mechanical” Framework For Interpreting Deeds Texas

Producer's Edge

Yarborough Oil & Gas, LP , 705 S.W.3d Decades later, when oil companies began drilling, the successors of both the tax sale purchaser and the mineral interest owner claimed title, leading to this litigation. Oil and gas experts “have a proper (if confined) role” ( Id. Carrizo Oil & Gas, Inc. ,