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Crude oil extraction may be well past peak

Energy Central

World crude oil extraction reached an all-time high of 84.6 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).

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

Oil & Gas 360º

Exxon announced the first Longtail discovery in June 2018. The supermajor and its partners have several oil projects on stream, collectively producing more than 650,000 barrels per day (bpd) of crude oil. The huge resources discovered offshore Guyana since 2015 have made the country one of the newest crude oil exporters.

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Are we back to fundamentals as oil prices tank further?

Oilholics Synonymous Report

Then came a revelation that OPEC - deemed the most bullish of the crude oil demand growth forecasters - had revised its prediction lower for 2024 below 2 million bpd. And if that wasn't bearish enough, media reports, led by The Washington Post , also suggested on Tuesday that Israel may not attack Iran's oil facilities as feared.

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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.

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Nigeria Oil Industry Overview

Drillers

Production grew fast, and today, Nigeria pumps close to 2 million BPD, which makes it the largest producer of crude oil in Africa. Nigeria joined OPEC in 1971 before it even had its own state oil company. The dispute continues as local communities sue oil companies for damages with mixed success.

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Louisiana Third Circuit Decision Imposes Damages for Due Process Violation on Private Company

The Energy Law Blog

1] (“ Bayou Bridge ”) centers around the construction of a crude oil pipeline from the Clifton Ridge terminal in Lake Charles, Louisiana to a marketing hub in St. On July 27, 2018, Peter Aaslestad, one of the Landowners, brought suit to enjoin BBP from illegally continuing its construction on the property. James, Louisiana.

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Collaboration: Key to the first multicloud blockchain deployment

IBM: Oil & Gas

We create software solutions for participants in the oil and gas supply chain — the producers, suppliers and retailers who move bulk liquids like crude oil, natural gas liquids and derivatives like natural gas, propane, butane and more. Vertrax knows something about this.