Global Energy

OCTOBER 21, 2016

to 4 million barrels per day by […] Iran is said to be targeting an increase in oil production from 3.85

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Iraq Business News: Oil & Gas

FEBRUARY 5, 2025

Al-Sudani has overseen the signing of an $800-million contract for the expansion of Al-Diwaniya Refinery , adding a 70,000 barrel-per-day (bpd) atmospheric distillation unit to raise total capacity to 90,000 bpd. It will also facilitate the Al-Shanafiyah power plant, secure petroleum product supplies, and generate employment.

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Energy Central

DECEMBER 26, 2023

On November 30, 2023, OPEC (Organization of the Petroleum Exporting Countries) and its allies, collectively known as OPEC+, agreed to cut oil production by 1 million barrels per day (bpd) starting in January 2024. This decision was driven by several factors, but it might be helpful to consider OPEC’s motivations.

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Rextag

NOVEMBER 25, 2024

crude oil inventories grew by 545,000 barrels last week to reach 430.3 million barrels , defying analyst forecasts of an 800,000-barrel decline. Energy Information Administration (EIA). Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 million barrels to 389.2

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Rextag

DECEMBER 18, 2024

the rise of unconventional resources like coal bed methane, and how the industry began reshaping Americas energy map. billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. This wasnt just about producing oil and cementing Americas path toward energy independence. Now, heres Part 2.

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Exprodat

JULY 25, 2024

Exprodat , the energy sector GIS specialist and Getech Group company, has released a new version of its popular Unconventionals Analyst software, which is used by petroleum operators and financial institutions to manage shale oil and gas projects and investments. At version 3.2,

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Rextag

DECEMBER 23, 2024

This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d). shale, positioning it as a leader in energy transition discussions. Production increased by 460,000 boe/d, making Chevron a major player in international energy markets. Sunocos Acquisition of NuStar Energy Value: $7.3

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The Energy Law

JULY 26, 2013

By Greg Johnson and Stephen Wiegand In a July 17, 2013 decision, the United States Court of Appeals for the Fifth Circuit vacated a $6 million dollar penalty levied under the Clean Water Act (“CWA”) against CITGO Petroleum Corporation (“CITGO”) and remanded the matter to the Western District of Louisiana for further consideration.

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The Energy Law

MAY 26, 2016

District Court Judge Dee Drell (Western District, LA) recently denied a motion to alter or amend the Court’s judgment against CITGO Petroleum Corp.– CITGO Petroleum Corp., The EPA sought a penalty of $4,300 per barrel. CITGO Petroleum Corp., allowing an $81 million judgment against the oil company to stand. Year in Rev.

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The Energy Law

JUNE 13, 2017

As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. The statute is designed to promote quick, efficient cleanup and internalize costs within the petroleum industry. Following the spill, the U.S. Coast Guard designated Settoon the OPA Responsible Party.

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Energy Central

SEPTEMBER 1, 2022

Strategic Petroleum Reserve (SPR) hit historic lows this week as President Joe Biden continues to order a record release of barrels from the emergency stockpile. The SPR now sits at around 453 million barrels – the lowest level in 37 years. For perspective, the U.S. million.

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Oil & Gas 360º

MARCH 10, 2025

(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.

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Energy Central

JANUARY 4, 2024

OilPrice: "Is it time to refill America's Strategic Petroleum Reserve?" " Near the end of 2021, President Bidens ordered the release of 50 M barrels of crude from the SPR when consumers felt battered by the price of gasoline, then another 130 M barrels the next spring. per gallon.

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Energy Central

MAY 10, 2022

President Biden announced in late March that he would release 1 million barrels of crude oil per day from the Strategic Petroleum Reserve (SPR) over a 180 day period, making it by far the largest release ever. Is this a wise move and will it achieve the objectives sought? Background: The origin of the U.S.

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Rextag

FEBRUARY 24, 2025

Occidental Petroleum & Ecopetrols Partnership: Occidental Petroleum (Oxy) continued to expand its Permian operations through a joint venture with Colombian oil company Ecopetrol. While the region's mature fields are declining, new projects are helping stabilize production and extend the Gulfs viability as a key energy source.

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Valor

MARCH 10, 2025

per barrel and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. Investors await monthly reports from the International Energy Agency and OPEC for demand and supply forecasts amid ongoing geopolitical tensions. per barrel (up 1.22%) and Brent at $70.41

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OilPrice

MARCH 11, 2025

US Energy Secretary Chris Wright announced that he plans to work with the Congress to cancel the mandated sales of 100 million barrels of strategic petroleum reserves in 2026-2031 to refill SPR stock.-

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Oil & Gas 360º

MARCH 13, 2025

a barrel at 10:25 a.m. West Texas Intermediate crude futures fell 39 cents, or 0.6%, to $67.29a barrel. million barrels, more than the 1.9 million-barrel draw expected by analysts, while distillate stocks also dropped more than anticipated, despite gains in crude stocks. million barrels per day, expanding 1.7

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Oil & Gas 360º

MARCH 12, 2025

per barrel, while U.S. Elsewhere, the Organization of the Petroleum Exporting Countries backed its forecast for relatively solid growth in oil demand this year, noting that air and road travel would help drive consumption higher. Energy Information Administration on Tuesday. Meanwhile, U.S. Further government data on U.S.

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Oil & Gas 360º

MARCH 12, 2025

energy industry, executives said this week, as they lauded his promise to cut regulations and support fossil fuels. Trump has made energy dominance a pillar of his administration, declaring a national energy emergency on his first day of office and pulling the U.S. citing the Trump administration’s pro-energy policies.

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BOE Report

MARCH 10, 2025

Energy Secretary Chris Wright said on Monday he was planning to work with Congress on cancelling previously mandated sales from the Strategic Petroleum Reserve as one way to address low stockpiles.

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Enverus

MARCH 7, 2025

British Petroleum Backs Away From Renewables The following blog is distilled from an interview on CBCs The Eyeopener, hosted by Loren McGinnis who interviewed Enverus Intelligence Researchs (EIR) very own Al Salazar. The tide is shifting in the energy sector. Click here to listen to the full radio segment. and northwestern Alberta.

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Oil & Gas 360º

MARCH 5, 2025

a barrel by 1408 GMT. sparked swift reprisals from each nation that increased concerns over a slowdown in economic growth and the consequent impact on energy demand,” Ashley Kelty, an analyst at Panmure Liberum, said. . a barrel by 1408 GMT. Brent futures fell $1.47, or 2.1%, to $69.57

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Oil & Gas 360º

MARCH 10, 2025

(Investing) –HOUSTON -The worlds energy industry leaders meet in Houston next week as plummeting oil prices push Big Oil to slash thousands of jobs even as a pro-fossil fuel U.S. Trumps policies on trade and foreign policy have, however, threatened to drive up the cost of millions of barrels of oil that U.S. Chevron, the No.

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Oil & Gas 360º

MARCH 7, 2025

Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump’s goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the Energy Department said on Friday. The estimated $20 billion would only be enough to buy about 301 million barrels of U.S.

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Crude Oil Futures

FEBRUARY 19, 2025

per barrel, Brent hit $76.94, and LNG surpassed $4 per million British thermal units (MMBtu)a threshold not crossed in months, despite the Northern Hemisphere emerging from winter. High energy costs remain a hurdle, and Mr Trumps pledge has yet to materialize. By 17:00 GMT, West Texas Intermediate (WTI) reached $72.18 by December 2024.

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The Energy Law

OCTOBER 26, 2020

economy, its energy independence, and its diplomatic relations. energy independence and dominance. His America First Energy Plan is aimed, in part, at increasing fossil fuel production in the U.S. became “energy independent” and a net exporter of petroleum products in 2019. s energy sector.

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The Energy Law

OCTOBER 26, 2020

economy, its energy independence, and its diplomatic relations. energy independence and dominance. His America First Energy Plan is aimed, in part, at increasing fossil fuel production in the U.S. became “energy independent” and a net exporter of petroleum products in 2019. s energy sector.

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The Energy Law

OCTOBER 26, 2020

economy, its energy independence, and its diplomatic relations. energy independence and dominance. His America First Energy Plan is aimed, in part, at increasing fossil fuel production in the U.S. became “energy independent” and a net exporter of petroleum products in 2019. s energy sector.

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