Reporting Oil and Gas

NOVEMBER 28, 2023

million barrels, according to Finance Minister Ken Ofori-Atta. Addressing Parliament while presenting the 2024 budget and economic policy, the finance minister detailed that the Greater Jubilee field contributed 21.94 million barrels, the TEN field produced 5.02 million barrels, and the Sankofa-Gye Nyame field yielded 8.46

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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. Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 million barrels to 389.2 million barrels. million barrels to 389.2

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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.

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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. and Veren’s website at www.vrn.com by selecting “Investors” , then “Presentations & Events”.

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Oil & Gas 360º

MARCH 12, 2025

On Monday global Brent crude futures settled under $70 a barrel as investors worried a trade war would slow economic growth. The UAE is a member of the Organization of the Petroleum Exporting Countries. Oilfield producer SLB in a recent earnings presentation warned that its customers remain cautious about spending.

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