Remove 2023 Remove Mechanic Remove Oil
article thumbnail

Gold for oil policy at risk of illicit financial flows – ISSER

Reporting Oil and Gas

The Institute of Statistical Social and Economic Research (ISSER) warns that the government’s ‘Gold for Oil’ policy, designed to tackle the foreign exchange demands of oil importers, is susceptible to Illicit Financial Flows (IFF). trillion lost to money laundering.

Oil 52
article thumbnail

Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

The Energy Law

20-0904, 2023 WL 2438927 (Tex. 2023), in which it held that lessees owed royalties in excess of their gross proceeds, specifically “adding back” costs incurred by third-party buyers that were enumerated in the sales contract and subtracted from the sales price. Mewbourne Oil Co.”, Sheppard , — S.W.3d NationsBank”, 939 S.W.2d

Royalty 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Electricity tariffs reduced by 1.52%, water up slightly

Reporting Oil and Gas

The Public Utilities Regulatory Commission (PURC) has declared a reduction in electricity tariffs and an increase in water tariffs, effective from December 1, 2023, to February 29, 2024.

article thumbnail

Boost home heating efficiency: Connecting millions of smart radiator thermostats via AWS IoT Core for LoRaWAN

AWS: Energy (Oil & Gas)

Scaling and FUOTA After a successful Proof of Concept (PoC) for the backend technology, a soft start of the product was conducted over the winter of 2023/2024. The uplink consumers in beyonnexs IoT landscape benefit from these Thing Models, for example by being able to generate code and HTTP API specifications from them. The beyonnex.io

API 52
article thumbnail

What 2024 Taught Us: From Offshore Discoveries to Net Zero Ambitions, What Mattered Most

Rextag

While clean technologies achieved record growth, the enduring dominance of oil, gas, and LNG underscored the complexities of balancing energy security, economic stability, and climate ambitions. shale oil production surged to 10 million barrels daily , reinforcing Americas role as a cornerstone of global energy stability. Record U.S.

article thumbnail

Baghdad Confirms Resumption of Kurdistan Oil Exports

Iraq Business News: Oil & Gas

The Federal Ministry of Oil has confirmed the completion of procedures for resuming the export of oil produced in the Kurdistan Region through Ceyhan Port (pictured), in accordance with the mechanisms outlined in the Budget Law and its amendments and within Iraq's OPEC production quota. By John Lee.

Oil 52
article thumbnail

Energy policies in second Trump term: a palpable sense of anxieties in the markets!

Crude Oil Futures

President Trump may have been emboldened by the fact that the US has been the biggest oil producer in the world for the past 6 years; in 2023, for instance, the US produced 12.9 million bpd, when the global production was 96.4 million bpd, when the global production was 96.4