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Petrel Resources Raises £250,000 for Iraq Oil Projects

Iraq Business News: Oil & Gas

Irish-based Petrel Resources Plc (LON: PET) has raised 250,000 through a share placement managed by Novum Securities. According to a statement from the company, the funds will provide additional working capital, supporting Petrel's efforts to secure new oil and gas projects in Iraq and beyond.

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Louisiana Legislature to Consider Amendments to Forced Pooling Regime Requiring Operators to Pay Lessors of Nonparticipating Working Interest Owners Directly

The Energy Law

The bill, HB 590 , extends a prior substantive change in the law that was affected by the 2012 amendments to La. As was the case in 2012, this proposed amendment would also extend this direct payment requirement to any overriding royalty interests burdening the nonparticipating owner’s lease.

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Environmental Groups File Suit to Compel EPA to Review and Revise Oil and Gas Waste Regulations

The Energy Law

Environmental Protection Agency (EPA), seeking to compel EPA to “fulfill long-delayed nondiscretionary duties” under the Resource Conservation and Recovery Act (RCRA) by issuing revised regulations governing oil and gas wastes. The oil and gas industry will need to monitor this suit. McCarthy , Case No. See Appalachian Voices v.

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EPA Proposes Significant Changes to NPDES Permit for Oil and Gas Facilities in the GOM OCS

The Energy Law

Moreno On March 7, 2012, the Environmental Protection Agency (“EPA”) published in the Federal Register a proposed NPDES general permit for discharges from oil and gas facilities in the western and central portion of the Outer Continental Shelf of the Gulf of Mexico (the “proposed permit”). 7, 2012), available at [link].

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DOI Promulgates a New Final Rule for Increased Safety Measures on the OCS

The Energy Law

In August 2012, BSEE promulgated a new final rule entitled “Oil and Gas and Sulphur Operations on the Outer Continental Shelf–Increased Safety Measures for Energy Development on the Outer Continental Shelf,” to tighten safety measures on the OCS. Initially, BOEMRE implemented the recommendations through an interim final rule.

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Energy Transfer’s Executive Chairman Kelcy Warren

Energy Transfer

Recent awards include Hart Energy , Texas Oil & Gas Associations (TXOGA) , SMU Cox’s Maguire Energy Institute , and D CEO Magazine. His $10 million donation in 2012 was instrumental in the creation of Klyde Warren Park , a beloved 5.2-acre acre green space that reconnects the citys uptown and downtown areas.

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Texas case holds seller bound to terms of forged document

The Energy Law

Kittrell The Texas Court of Appeals for the Eleventh District of Eastland has recently held that a seller of an oil and gas property may be held to the terms of a forged purchase agreement if the seller properly signs an assignment that specifically incorporates the terms of the forged document. 11-09-00348-CV, 2012 Tex. Eastland, Jan.

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