Remove 2014 Remove Barrel Remove Crude Oil
article thumbnail

Nigeria Oil Industry Overview

Drillers

Production grew fast, and today, Nigeria pumps close to 2 million BPD, which makes it the largest producer of crude oil in Africa. Nigeria joined OPEC in 1971 before it even had its own state oil company. According to estimates from human rights groups, millions of barrels have leaked or spilt in the Niger Delta over the years.

Oil 52
article thumbnail

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. According to one 2014 study, the total direct and indirect impact on the state is approximately $73.8 3] Natural resources might include, for example timber, minerals like oil and gas, coal, salt, or sulphur.

Oil 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

U.S. Fifth Circuit Greenlights Contribution Action for Purely Economic Damages Under Oil Pollution Act (OPA)

The Energy Law

9, 2017), the United States Fifth Circuit Court of Appeals held for the first time that a Responsible Party under the Oil Pollution Act of 1990 (“OPA”) has a statutory claim for contribution to recover purely economic damages from a partially liable third party. Following the spill, the U.S.

Oil 40
article thumbnail

Oil revival plan put forth by Ecuador’s president falters amid re-election effort

Oil & Gas 360º

Ecuadorian officials have long aimed to boost Ecuadors output to 1 million barrels a day but financial instability, bureaucratic dysfunction and disputes with foreign oil companies have all hampered progress. Production from the nations top field has fallen 15% from a 2014 peak of 560,000 barrels a day.

Oil 130
article thumbnail

A Look Back on 2024

Energy Transfer

anindependent liquids terminal and pipeline operator with approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. In a deal valued at $7.3