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The world has a major crude oil problem; expect conflict ahead

Energy Central

In fact, world crude oil production has been falling behind needed levels since 2019. Media outlets tend to make it sound as if all our economic problems are temporary problems, related to Russia’s invasion of Ukraine.

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Energy Market Assessment: Restoring upward mobility of the masses will have a profitable oil & gas drilling boom

Oil & Gas 360º

crude oil supply growth smaller than what it has been/ what is expected fuels our bullish oil outlook. lower-48-state crude oil production approached 13 million barrels per day (mmbd) five years ago (Figure 11, green dot). Figure 10: Weekly Change in Total U.S. Energy Information Administration data) U.S.

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OFSE quarterly: Oil price slump slows recovery

McKinsey

Crude oil prices continued on a downward trajectory in the fourth quarter, resulting in a somber outlook for the sector going into 2019. OFSE performance in the last quarter itself was mixed, with outcome varying greatly at company level.

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30% of Ghana’s crude oil consumption purchased through Gold for oil programme – Lands Minister

Reporting Oil and Gas

Mahamudu Bawumia for the successful implementation of the Gold for Oil Policy, hailing it as a pivotal strategy that stabilized the local currency and alleviated fuel costs. He clarified that the Clerk of Parliament’s official residence, alleged to have been sold in 2019, was actually sold in 2015.

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Texas Supreme Court to Review $500 Million Verdict in Case Involving Formation of Partnership to Construct Crude Oil Pipeline

The Energy Law

The dispute between ETP and Enterprise began in 2011, when Enterprise approached ETP about potentially building a crude oil pipeline together. Oral argument before the Texas Supreme Court is scheduled for October 8, 2019. Energy Transfer Partners has garnered significant amicus support on both sides of the “v.”

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

While major gas deposits were found in the Outeniqua Basin in 2019 and 2020, operational challenges have impacted development. Meanwhile, the South Africa National Petroleum Company (SANPC) launched in September 2024 strives to facilitate greater investment in exploration, natural gas monetization and infrastructure development.

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Liskow Obtains Victory for the Oil and Gas Industry in the Louisiana Third Circuit

The Energy Law

In a victory for the oil and gas industry, the Third Circuit rendered a decision rejecting attempts by the Louisiana Department of Revenue to impose severance taxes on crude oil production based on index pricing.

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