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Petrel Resources Raises £250,000 for Iraq Oil Projects

Iraq Business News: Oil & Gas

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. Petrel may be invited to enter into pre-qualification discussions with the Ministry of Oil.

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Nigeria Oil Industry Overview

Drillers

The Oil Industry of Nigeria If anyone asks Chevron or Shell, for example, how they feel about Nigeria, the response would probably be that they were tired of problems, at least if they were honest. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration.

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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. 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. 47:633(7)(a).

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Jeff Loskorn named Partner at Cawley, Gillespie & Associates

CG&A

We are thrilled to announce thatJeff Loskorn, a senior reservoir engineer with our firm since 2014, has been named a Partner at Cawley, Gillespie & Associates. Jeff has consistently demonstrated excellence in his field, serving both public and private clients across the country. About Cawley, Gillespie and Associates, Inc.

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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.

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

Oil & Gas 360º

(World Oil) – Ecuador President Daniel Noboas plan to revitalize the nations biggest oil field is crumbling as he scrambles to secure re-election weeks before a runoff vote. Former Oil Minister Fernando Santos separately characterized Noboas ultimatum as a pretext to end the negotiations elegantly.

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Supreme Court Punts on Important Arbitrability Question

The Energy Law

2014), another case involving an arbitration clause which incorporated the AAA rules and explicitly exempted certain claims from arbitration. In reaching its decision, the Fifth Circuit looked to the Second Circuit’s decision in NASDAQ OMX Grp., UBS Securities, LLC , 770 F.3d 3d 1010 (2d Cir.

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