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Russia Set to Resume Oil & Gas Operations in Iraqi Kurdistan 

OilPrice

Russia is to restart its key oil and gas operations in the semi-autonomous Kurdistan Region of Iraq (KRI) according to recent comments from its Energy Minister Sergei Tsivilev.

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Jeff Currie: The World Has Reached Peak Oil Trade

OilPrice

Global trade in fossil fuels peaked in 2017 and is set to decline as nations seeking energy security accelerate investments in renewable energy and nuclear power, Carlyle Groups Jeff Currie wrote in a research note Monday.

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OPEC Demands Consistency After Another IEA U-Turn

OilPrice

This weeks call from the International Energy Agency (IEA) for continued investment in existing oil and gas fields is another moment of truth for the Paris-based agency, highlighting its inconsistent messages about upstream investment, OPEC says. OPEC reviewed the messages the IEA has issued since 2017 in an article published on its website.

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Force Majeure Clause Fails to Protect Oil and Gas Lessee From Mistakenly-Scheduled Deadline

The Energy Law

2023), the Texas Supreme Court held that the lessee could not invoke a force majeure clause to save its oil and gas leases when it inadvertently scheduled its operations to begin after the requisite deadline. The lessee, MRC Permian Company, received four identical oil and gas leases from certain lessors in 2014.

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Is growth taking root?

McKinsey

Higher oil prices early in the year helped the OFSE sector recover in Q2 2017, driven by strong growth in North American shale, and the promise of an improvement elsewhere.

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Daily Energy Report

Daily Energy Report

February 25, 2025 Chart of the Day EOA: Sidi Kerir Oil Inventories are at Historic Lows Summary Figure (1) shows trends in weekly inventories at the Sidi Kerir port in Egypt since 2017. Below we discuss the impact on global oil markets. Current inventories are at historic lows, even compared to earlier dates.

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United States Fifth Circuit Weighs in on La. R.S. 30:103.1 and 103.2 Notice Requirements

The Energy Law

Kelly moved for partial summary judgment against Aethon, citing a December 15, 2017 letter and April 17, 2018 letter as satisfying the requirements of La. The district court made this ruling despite the fact that the December 15, 2017 letter closely tracked the language of La. respectively. 30:103.1.”.