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Alberta Discuses Heavy Oil Sales With Large Overseas Buyer

OilPrice

The potential deal with the multinational company, which Alberta didnt name, would be a first-of-its-kind transaction that would see the overseas transport and sale of about 2 million barrels per month of Government of Alberta owned heavy oil via the Alberta Petroleum Marketing Commission (APMC).

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Ghana’s crude oil production dips 9.54% in 2023

Reporting Oil and Gas

million barrels, according to Finance Minister Ken Ofori-Atta. million barrels, the TEN field produced 5.02 million barrels, and the Sankofa-Gye Nyame field yielded 8.46 million barrels. million barrels produced in the same period in 2022. million barrels on behalf of the state. However, this marked a 9.54

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Permian Basin Economic and Energy Update: Q4 2024

Oil Gas Leads

per barrel , marking a 5.2% per barrel of oil equivalent (boe) , up 15.6% per boe , reflecting improved transportation dynamics and stronger demand. million barrels per day (bpd) , reflecting a 1.3% Conversely, the professional and business services sector saw the sharpest decline, followed by the government sector.

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Nigeria Oil Industry Overview

Drillers

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria.

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U.S. House of Representatives Passes Energy Bill

The Energy Law

Subtitle E amends the FOGRMA of 1982 to repeal royalty overpayment interest for lessees by the federal government and mandates that when royalty adjustments are made resulting in an underpayment by lessee the royalty obligation clock starts when the date the adjustment is taken.

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OSHA Awards Damages for Retaliatory Discharge of Jones Act Seaman in Violation of Seaman’s Protection Act

The Energy Law

On October 20, 2017, Bouchard Transportation’s ATB BUSTER BOUCHARD/B. 255 suffered an explosion and fire while transporting roughly 2,000 barrels of oil off Port Aransas, Texas. Two crewmembers perished as a result of the casualty. 2114) (the “SPA”). 272 Corp; Morton S.

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U.S. Fifth Circuit Greenlights Contribution Action for Purely Economic Damages Under Oil Pollution Act (OPA)

The Energy Law

Marquette Transportation Company, L.L.C. , As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. In Settoon Towing, L.L.C. 16-30459 (5th Cir. A tug owned by Marquette collided with an oil-carrying barge owned by Settoon as the Marquette tug attempted to overtake the Settoon flotilla.

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