Energy Central
AUGUST 25, 2022
The current case of the FSO Safer brings to light a practice that needs to stop. Storing oil in decommissioned tankers has been ongoing for decades. It’s a marketing ploy by oil traders who purchase during periods of low prices and hold onto the oil until demand and prices rise.
Oilholics Synonymous Report
FEBRUARY 14, 2025
In India's case, the country's Minister for Petroleum and Natural Gas Hardeep Singh Puri is leading the charge personally. Yours truly had the pleasure of reconnecting with the Minister and interviewing him for Forbes to discuss a host of energy related issues. mmtpa from 2026 for 14 years.
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Rig Skills
FEBRUARY 26, 2019
Side door Elevators : A set of clamps that grips drill sting or casing string to lower or raise in wellbore. Mud Bucket Is barrel type device used around drill pipe to collect mud and drain to flow line while pooh. Rat hole Is hole on rig floor cased with pipe and is used to rack kelly.
The Energy Law
JULY 26, 2013
The case relates to a 2006 oil spill which occurred at CITGO’s Lake Charles, Louisiana, refinery. This opinion from the Fifth Circuit is likely to have wide-ranging effects on CWA penalty cases. The CITGO case may continue to provide insight as it progresses on remand and any subsequent appeals. CITGO Petroleum Corp.,
Rig Skills
MAY 25, 2020
DP -Drill pipe HWDP – Heavy weight drill pipe DC – Drill collar BOP – Blow out preventer TDS – Top drive system WOB -Weight on bit ROP – Rate of penetration GPM – Gallon per minutes SPP – stand pipe pressure VFD Variable frequency drive SCR -Silicon controlled rectifier AC -Alternating current DC – direct (..)
The Energy Law
MARCH 15, 2023
Anything to the contrary herein notwithstanding, it is expressly provided that the terms of this paragraph shall be controlling over the provisions of Paragraph 3 of this lease to the contrary and this paragraph shall not be treated as surplusage despite the holding in the cases styled “Heritage Resources, Inc. NationsBank”, 939 S.W.2d
The Energy Law
MAY 26, 2016
As a result, Judge Haik imposed a civil penalty of $1,500 per barrel spilled – for a total of $81 million – and significantly increased the penalty of $111 per barrel in his original judgment. The EPA sought a penalty of $4,300 per barrel. CITGO Petroleum Corp., 2:08CV00893, 2016 WL 1158075, at *4 (W.D. Year in Rev.
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