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Exxon bets big on natural gas in its eighth Guyana oil project

Oil & Gas 360ยบ

billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day of condensate at the Longtail project, per the request for environmental authorization from Guyana seen by Reuters. Exxon announced the first Longtail discovery in June 2018. Hess Corp and CNOOC of China, expect to produce up to 1.5

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Are we back to fundamentals as oil prices tank further?

Oilholics Synonymous Report

At the time of writing this post, The Oilholic noted that Brent and WTI front month futures contracts had breached their respective $74 and $70 per barrel floors. That said, outlandish $100 per barrel oil price predictions can once again take a back seat. jplenio / Pixabay , 2018. Largely yes in an oversupplied market.

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$80 is looking like Brent's price ceiling not the floor

Oilholics Synonymous Report

Having breached $75 per barrel floor, Brent futures are now testing $70 with the WTI having fallen through it some time ago. Away from pricing, here's yours truly latest missive for Energy Connects on M&A activity in the sector which appears to be pretty buoyant. Jplenio / Pixabay , 2018. More musings to follow soon.

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Crude oil extraction may be well past peak

Energy Central

million barrels per day in late 2018, and production hasn’t been able to regain that level since then. World monthly crude oil production based on data of the US Energy Information Administration (EIA). World crude oil extraction reached an all-time high of 84.6

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Whatโ€™s Next for Diversified Energy? Exploring the $1.3 Billion Maverick Deal

Rextag

Maverick Natural Resources has operations in Texas and Oklahoma Diversified Energy (DEC) has agreed to acquire Maverick Natural Resources, a private-equity-backed oil and gas producer, in a deal valued at approximately $1.3 billion, factoring in Diversified Energys assumption of $700 million in Mavericks outstanding debt.

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FG Flaunts Scorecard On Maritime, Cross Border Oil Related Crimes Fight In 5yrs

Orient Energy Review

President Muhammadu Buhari has said that over 220 vessels involved in maritime criminality within Nigeria’s Exclusive Economic Zone, up to the Republic of Togo, between August 2018 and March 2023, have been prosecuted. By Bosco Agba

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New Judge, Same Result โ€“ $81 Million CWA Civil Penalty Appealed

The Energy Law Blog

As a result, Judge Haik imposed a civil penalty of $1,500 per barrel spilled โ€“ for a total of $81 million โ€“ and significantly increased the penalty of $111 per barrel in his original judgment. The EPA sought a penalty of $4,300 per barrel. See Environmental Enforcement Results for 2015 , 2015 ABA Envโ€™t Energy, & Resources L.:

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