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Nigeria Oil Industry Overview

Drillers

Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. The country’s first field began producing in 1958 at a rate of 5,100 BPD. How did this happen? Exxon comes next: the U.S.

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

The Energy Law

According to one 2014 study, the total direct and indirect impact on the state is approximately $73.8 The value of the oil is the higher of: (1) The gross receipts received from the first purchaser, less charges for trucking, barging and pipeline fees, or (2) the posted field price. billion in taxes to the State, about 14.6%

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Sierra Club Asks Court to Ban Use of Legacy DOT-111 Tank Cars

The Energy Law

As if crude producers and midstream transportation companies don’t already have enough problems trying to get crude oil from production fields to refineries thanks to inadequate pipeline infrastructure, tank car supply, rail safety concerns, and new regulations, they now also have to address a new, potentially market-busting lawsuit.