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(World Oil) – Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. Mboe per day of two-stream net production during the third quarter of 2024. Mboe per day of two-stream net production during the third quarter of 2024.
Savannah Energy announces the completion of the acquisition of 100% of Sinopec International Petroleum Exploration and Production Company Nigeria Limited SIPEC, following a signing ceremony held in Lagos earlier this … Read More The post NIGERIA: Savannah EnergyCompletes Acquisition of SIPEC appeared first on oilnewsafrica.
Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Algerias Sonatrach will increase hydrocarbon production by 2.5% Algerias Sonatrach will increase hydrocarbon production by 2.5%
The first two days of Gastech 2024 have flown by with talking points aplenty and a who's-who of the energy industry in Houston at the city's George R. Bush got things going on Monday night by highlighting his state and country's achievements in the global energy sphere at the Gastech pre-event gala dinner. Brown Convention Center.
Maverick Natural Resources has operations in Texas and Oklahoma Diversified Energy (DEC) has agreed to acquire Maverick Natural Resources, a private-equity-backed oil and gas producer, in a deal valued at approximately $1.3 Upon completion, the merged entity will hold an enterprise value of roughly $3.8 billion, including debt.
We are thrilled to announce that MarketView , a flagship product of Enverus Trading and Risk Solutions, has achieved the prestigious SOC 1 Type 1 certification! Whether you are engaged in energy markets, commodities, or financial services, MarketView equips you with the insights and tools necessary to navigate complex market dynamics.
Visit the blog to explore the full interactive dashboard This interactive presentation contains the latest oil & gas. This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards.
The International Energy Agency (IEA), once regarded as the gold standard for energy forecasting, now faces significant criticism for its 2024 World Energy Outlook (WEO). Mills, Executive Director of the National Center for Energy Analytics, and Neil Atkinson, Special Advisor , the IEAs peak oil demand forecast is deeply flawed.
Article at a Glance Procurement involves obtaining goods or services like energy. Energy procurement involves four core players – the business, supplier, vendor, and broker. Competitive bidding allows businesses to compare multiple energy vendor options. What is Energy Procurement?
Mineral lessees may be particularly concerned with whether recent production levels have maintained their leases beyond their primary terms. In Louisiana, as in most jurisdictions, production of oil or gas must be in “paying quantities” to maintain a mineral lease beyond its primary term. [1] Lea Exploration Co. , 2d at 1220. [4]
Achieving self-sufficiency in diesel and kerosene production. Abdul Ghani emphasized Iraq's strategy of integrated projects, linking oil production, gas utilization, power generation, refining, and petrochemical industries. On renewable energy, Iraq has secured commitments for 8,000 MW of solar power at oil field sites.
Article at a glance Combined utility and energy bill audits identify billing errors and optimize consumption. The audits streamline operations and enhance productivity through better equipment and energy plans. Managing energy expenses is critical for businesses of all sizes. What Are Utility And Energy Bill Audits?
Article at a glance Grid-tied energy systems help balance seasonal variations in production. Home battery systems complement wintertime renewable energyproduction. Snow coverage on solar panels does not wholly halt energyproduction. Light intensity matters more than temperature in solar energyproduction.
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Downstream is the refining and processing phase, where crude oil is transformed into refined products and chemicals. What is oil and gas upstream midstream downstream?
In Gulf Explorer, LLC v. Clayton WIlliams Energy Inc. 6/8/07), the operator completed a well that was plugged and abandoned without reaching payout. A non-participating working interest owner sued, asking the court to declare that its royalty and overriding royalty owners were entitled to their share of production.
So, the longer the laterals connected to each vertical hole, the more of the formation is exposed to production. Raoul LeBlanc That formula has also led producers to push the boundaries of technology in several facets of production. Nick Pottmeyer Nine Energy Service handles many completion procedures.
On June 2, 2017 the Louisiana Second Circuit Court of Appeal affirmed a trial court’s judgment cancelling a mineral lease under Mineral Code article 140 and provided further clarity on a production in paying quantities analysis under Louisiana Mineral Code article 124. [1] Tauren Exploration, Inc. Tauren Exploration, Inc.
Trans Energy, Inc. , The Trans Energy settlement shows that exploration and production (E&P) companies need a rigorous compliance strategy for wetlands permit requirements. On September 2, 2014, the Department of Justice announced a settlement in United States v. 14-117 (N.D.W.Va.),
Their solution combines advanced weather data and sophisticated algorithms to monitor and optimize solar energyproduction for small-scale producers. In this post, we explore how BDPV used AWS services to build a scalable, reliable, and cost-effective monitoring architecture. Production performance tracking Figure 3.
In these transactions, the Drilling Party pays for or “carries” all or a substantial portion of the Lease Party’s share of the costs of drilling and completing one or more wells on the leases (“Earning Wells”). This incentive may help the Lease Party find a willing partner to drill in an otherwise down market for drilling transactions.
Chesapeake Exploration Limited Partnership , XOG sought an interpretation of the retained acreage clause contained in an assignment to Chesapeake of XOG’s lease interests in four oil and gas leases collectively covering 1,625 acres. In XOG Operating, LLC v.
Seismic data management TGS is a prominent global provider of geoscientific data and services for the energy industry, with a strong focus on seismic data management. Designed to be efficient and flexible, MDIO provides interoperable cloud software infrastructure with existing energy data standards.
Environmental Protection Agency (EPA) announced it had finalized a voluntary disclosure program for new owners of upstream oil and natural gas exploration and production facilities. On March 29, 2019, the U.S. Mr. Louis Buatt of Liskow & Lewis provided legal counsel to Range Resources in connection with that audit.
Gulf Oil Corp. , [1] for determining whether a contract to perform services related to oil & gas exploration on navigable waters is maritime, the Fifth Circuit took up In re Larry Doiron, Incorporated [2] earlier this year in an effort to streamline the test and bring clarity to an area of the law mired in uncertainty.
They do seem to be are on a good path for growth but to make it a path that fully connects to exploit all the opportunities it can explore. To build a more complete innovation capability and capacity, does take as much dedicated work and focus on building digital solutions. We often confuse invent and innovate, each has its place.
The Bureau of Ocean Energy Management (“BOEM”) and the Bureau of Safety and Environmental Enforcement (“BSEE”) recently issued a proposed rule on Risk Management, Financial Assurance and Loss Prevention (“Proposed Rule”), which was published in the Federal Register on October 16, 2020 and is now open for public comment.
Tauren Exploration, Inc. , The mortgagee directed the mineral lessees to perform specific workovers and completions on other properties collateralized in the mortgage. Tauren Exploration, Inc., The Lease, which contained vertical and horizontal Pugh clauses was originally granted to Tauren Exploration, Inc. 51, 077 (La.
The Violation In March 2012, BSEE conducted an inspection of ATP’s floating production platform facility, known as the ATP Innovator, while it was moored to the sea floor about 45 nautical miles offshore of southeastern Louisiana (about 125 miles south of New Orleans) and engaged in the production of oil and natural gas.
(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. The transaction is expected to close before May 30, 2025. million acres in Alberta. billion 1.
natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. CEO Murray Auchincloss, speaking at the CERAWeek conference in Houston, highlighted the companys renewed focus on oil and gas, marking a strategic pivot from its previous emphasis on renewable energy. BP is doubling down on its U.S.
One such transaction involves Scout Energy Management LLC , which has acquired multiple production facilities from ConocoPhillips in Pecos and Reeves counties, Texas. The Texas Commission on Environmental Quality (TCEQ) oversees these permits to ensure that production activities adhere to state and federal environmental regulations.
Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. How will new policies impact production and investment strategies? 2023 Production: ~6.0 2024 Production: 6.3 MMBbl/d production increase in 2024. MMBbl/d , a 0.3
The company remains committed to capital efficiency and production optimization , with a focus on delivering value-driven growth while maintaining operational discipline. This improvement has allowed ConocoPhillips to maintain its low single-digit production growth target while reducing overall capital spending. power demand.
This big, blue-blood gold asset was almost completely forgotten by the marketleaving lots of leverage. This large, forgotten deposit recently attracted resource entrepreneur Brian Paes-Braga , giving this company and this stock a revitalized energy that is just starting to play out. Its close to very cheap power ($0.08/KwH)
For those looking to diversify their portfolios and enjoy significant tax advantages, oil and gas exploration stands out as a compelling option. Lets explore how investing in this sector can provide substantial benefits, particularly when it comes to taxes. Examples include labor, survey work, and ground preparation.
The Executive Order, in part, ordered the Secretary of the Interior to pause new oil and gas lease sales on public lands and on the OCS pending completion of a comprehensive review of potential climate and other impacts. As a result, no lease sales have taken place since the Executive Order was signed.
The Executive Order, in part, ordered the Secretary of the Interior to pause new oil and gas lease sales on public lands and on the OCS pending completion of a comprehensive review of potential climate and other impacts. As a result, no lease sales have taken place since the Executive Order was signed.
economy, its energy independence, and its diplomatic relations. oil and gas production, with the former pledging continued expansion of domestic oil and gas drilling and production, and the latter pledging to transition the U.S. energy independence and dominance. s energy sector. s energy sector.
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