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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360ยบ

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.

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BP Signs Agreement for Kirkuk Oil Fields Development

Iraq Business News: Oil & Gas

BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. It also builds upon BP's previous work on the Kirkuk fields from 2013 to 2019. The company was originally part of the consortium that discovered oil in Kirkuk in the 1920s.

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New Texas Law Encourages Recycling of Wastewater From Oil and Gas Operations by Clarifying Ownership and Limiting Tort Liability

The Energy Law

By Jillian Marullo House Bill 2767, which took effect on September 1, 2013, was enacted to encourage recycling of the wastewater produced in hydraulic fracturing (or โ€œfrackingโ€) and other oil and gas operations. On average, over 83,000 barrels (or 3.5 billion barrels of wastewater were disposed of in Texas injection wells.

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Louisiana Department of Revenue Targets Energy Companies in Rash of Oil Severance Tax Audits

The Energy Law

The oil and gas industry has a significant and far reaching economic impact in Louisiana. 1] Taxes make up a large part of the industryโ€™s direct economic impact in Louisiana: In 2013, the industry paid nearly $1.5 3] Natural resources might include, for example timber, minerals like oil and gas, coal, salt, or sulphur.

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Fifth Circuit Vacates $6 Million Clean Water Act Penalty

The Energy Law

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 (โ€œCWAโ€) against CITGO Petroleum Corporation (โ€œCITGOโ€) and remanded the matter to the Western District of Louisiana for further consideration.

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U.S. House of Representatives Passes Energy Bill

The Energy Law

Further, this section directs FERC with the Secretaries of Energy, Transportation and Interior to โ€œfacilitate the.the construction of pipelines necessary to transport oil and natural gas through NPRA to existing transportation of processing infrastructure on the North Slope of Alaska.โ€

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New Judge, Same Result โ€“ $81 Million CWA Civil Penalty Appealed

The Energy Law

allowing an $81 million judgment against the oil company to stand. The judgment is the latest in a suit the EPA filed against CITGO under the Clean Water Act for a 2006 spill at the oil companyโ€™s St. The EPA sought a penalty of $4,300 per barrel. Charles refinery. In the original judgment , U.S. Admโ€™r of E.P.A. million dollars.