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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.
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.
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.
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.
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.
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.
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.”.
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.
Exploring AI's impact in the renewable sector: Insights from the 2024 GETI Report Since its inception in 2017, the Global Energy Talent Index (GETI) Report has shared insights from thousands of professionals to create a comprehensive map of the energy landscape.
Many oil and gas companies are currently spending more than they earn, anticipating higher oil prices. If prices do not continue to recover, 2017 could be a year of reckoning in the industry.
A coalition of oil and gas companies which cumulatively produce more than 40 percent of the world’s oil announced this month that they have reduced their upstream methane emissions by 55 percent and cut greenhouse gas (GHG) emissions from flaring by nearly half since 2017.
Some stability returned to the OFSE sector in Q1 2017, with strong US onshore performance offsetting moderate decline elsewhere. However, prosperity has not yet arrived as oil prices went sideways.
Delaware Basin Resources LLC , 08-20-00060-CV, the Court of Appeals for the Eighth District of Texas (El Paso) recently held oral argument on the proper construction of the word “and” used in a Delaware Basin oil and gas lease. When the primary term ended in February 2017, DBR had drilled on Section 6, but not on Section 2.
On March 24, 2017, the Louisiana Supreme Court declined to consider the Louisiana Third Circuit Court of Appeal’s decision in XXI Oil & Gas v. 2] For now at least, the Court’s decision to deny writs in XXI Oil & Gas effectively leaves unit operators subject to increased reporting obligations under La.
A vigorous dissent by Judge Bleich warns that, if maintained, the original opinion could have both “[d]evastating economic repercussions” for the lending industry, and “[s]erious and harmful impact on the oil and gas industry.” The defendants will have until September 7, 2017 to seek a writ from the Louisiana Supreme Court.
Delaware Basin Resources LLC , 08-20-00060-CV, the Court of Appeals for the Eighth District of Texas (El Paso) recently held oral argument on the proper construction of the word “and” used in a Delaware Basin oil and gas lease. When the primary term ended in February 2017, DBR had drilled on Section 6, but not on Section 2.
As we start afresh in 2017 I wanted to share my recent editorial in the British journal, Occupational Medicine, “Occupational health issues in the USA. Oil and Gas The development of the technique of hydraulic fracturing has both increased the energy production quotient in the USA and has Happy New Year.
Since 2017, Enverus has rapidly expanded its power and energy transition solutions and now serves more than 1,200 customers, ranging from power and data center developers to utilities, institutional investors, power traders and government entities. Learn more at Enverus.com.
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. In Settoon Towing, L.L.C. Marquette Transportation Company, L.L.C. ,
Nationally, there were more than 70,000 drug overdose deaths in 2017 [i] involving opioids (such as fentanyl, heroin and hydrocodone), stimulants (such as cocaine and methamphetamine), and alcohol.[ii] The drug overdose epidemic continues to afflict our country. ii] Nearly 70% of these deaths involved an opioid.[ii]
The company says its strong relationship with NOC, going back to 2017, was a key factor in retaining the contract, along with its record of past performance, knowledge of NOCs assets and availability of resource within the country. The field is operated by North Oil Company, a joint venture between QatarEnergy (70%) and TotalEnergies (30%).
Environmental Protection Agency (EPA) announced it had finalized a voluntary disclosure program for new owners of upstream oil and natural gas exploration and production facilities. EPA has said that this new program for upstream oil and gas facilities “is separate from” and “does not change” those preexisting audit policies.
The Permian Basin Water In Energy Conference dates back to 2017 and was an idea originally seeded by UTPB College of Business Advisory Council member Jim Woodcock. The post Where Water Takes Center Stage appeared first on Permian Basin Oil and Gas Magazine.
On June 1, 2017, the United States Fifth Circuit Court of Appeals in Borcik v. In Borcik , the plaintiff alleged that, while he was a deckhand on a Crosby Tugs vessel, the lead captain of that vessel ordered him to dump waste oil into navigable waters over a period of three years. 15-30435, 2017 WL 2374115 (5 th Cir.
The dispute between ETP and Enterprise began in 2011, when Enterprise approached ETP about potentially building a crude oil pipeline together. Energy Transfer Partners has garnered significant amicus support on both sides of the “v.” and has been closely followed by the energy industry. It awarded ETP approximately $500 million in damages.
The defendants previously moved for rehearing with the Second Circuit, which although denied in a 3-2 decision, resulted in a vigorous dissent that warned of the opinion’s “[d]evastating economic repercussions” for the lending industry, and “[s]erious and harmful impact on the oil and gas industry.” Tauren Exploration, Inc.
On October 18, 2017, the Court of Appeal, Third Circuit, issued an opinion that discards the mandate of this final step, affirming the trial court’s refusal to adopt DNR’s most feasible plan, even though, indisputably, there was no evidence in the record that another plan was more feasible.
To mark International Womens Day, Oil Review Middle East asked the co-founder and CEO of CorrosionRADAR to share her remarkable 20-year journey in engineering and industrial technology. Oil Review Middle East: Why are industry awards important to you? Oil Review Middle East: What did your education and early career look like?
Despite the successful opening of the succession with administration in 2006, the Succession did not file suit against Defendants, including adjacent landowners and various oil and gas companies, for unpaid royalties, fraud and violations of LUTPA until 2018.
On April 4, 2017 , a federal district court dismissed a citizen-enforcement action under the Resource Conservation and Recovery Act that could have profound impact on fracking suits against the oil and gas industry. In Sierra Club v.
As I recently summarized in my annual oil and gas law review (Austin W. Brister & Logan Jones, Oil, Gas & Mineral Law, 9 SMU ANN. In Humble Oil & Refining Co. ” This principle was reaffirmed in Lightning Oil Co. West , 508 S.W.2d 2d 812 , 815 (Tex. Anadarko E&P Onshore, LLC , 520 S.W.3d
The Parish of Plaquemines amended its petitions in two of the Coastal Zone Management Act (“CZMA”) cases on June 19, 2017. In response to the Court’s Judgments, Plaquemines Parish filed amended petitions for damages on June 19, 2017 in both Rozel and Equitable. Rozel Operating Co., and The Parish of Plaquemines v.
A July 3, 2017 ruling from the 17th Judicial District establishes that a mineral servitude owner’s obligation under Mineral Code article 22 “to restore the surface to its original condition” means the condition of the property at the creation of the servitude—and not the property’s pristine, pre-operation condition.
Despite the successful opening of the succession with administration in 2006, the Succession did not file suit against Defendants, including adjacent landowners and various oil and gas companies, for unpaid royalties, fraud and violations of LUTPA until 2018.
requiring the oil and gas company to pay $3 million in civil penalties and to spend approximately $13 million to restore 15 sites in West Virginia that had been developed without dredge and fill permits. The most recent versions of the NWPs were reissued in 2012, and they will be valid for five years, until March 18, 2017. See 77 Fed.
Based on these allegations, Plaintiff Kenneth Abbott filed a qui tam suit under the False Claims Act (FCA), asserting that BP had obtained approval to produce oil from the Department of the Interior by falsely certifying to compliance with regulatory engineering standards.
2] 2017 WL 3261113 (W.D. July 28, 2017). Nevertheless, it is one of only a few data points to be considered by operators in an otherwise barren area of Louisiana law that appears to be growing in significance. [1] 1] 2021 WL 956079 (W.D. 5, 2021). [2]
2] 2017 WL 3261113 (W.D. July 28, 2017). Nevertheless, it is one of only a few data points to be considered by operators in an otherwise barren area of Louisiana law that appears to be growing in significance. [1] 1] 2021 WL 956079 (W.D. 5, 2021). [2]
Those cases generally allege that more than 200 oil and gas companies violated Louisiana’s State and Local Coastal Resources Management Act of 1978 (“SLCRMA”) by either failing to obtain or violating state coastal use permits. Riverwood Production Co.,
Warning This article and series is specifically targeted for anyone involved or interested in oil and gas reserves reporting guidelines, methods, issues, calculations and pitfalls. Proceed at your own risk! Introduction Drilling locations come with an expiration date once booked in a reserve report.
On October 20, 2017, Bouchard Transportation’s ATB BUSTER BOUCHARD/B. 255 suffered an explosion and fire while transporting roughly 2,000 barrels of oil off Port Aransas, Texas. Two crewmembers perished as a result of the casualty.
On or about May 23, 2018, several Defendants in the Coastal Zone Management Act (“CZMA”) Litigation filed Notices of Removal in 42 lawsuits filed against 212 oil and gas companies by six different parishes (Plaquemines, Jefferson, Cameron, Vermilion, St. 2017)(quoting Bartel v. Bernard, and St. Zeringue v. Crane Co. ,
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