Aresco

OCTOBER 25, 2023

What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas. This includes both onshore and offshore activities.

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Oil Review Middle East

MARCH 10, 2025

Nasser, Aramcos president and CEO, noted that Aramco has made significant strides during the year on a number of projects and initiatives aimed at reinforcing its upstream pre-eminence, further integrating its downstream portfolio and developing the new energies business.

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Nestoil

SEPTEMBER 4, 2024

The oil and gas sector has long been a cornerstone of the global economy, providing energy, raw materials, and substantial economic contributions. The benefit here lies in the high profitability associated with discovering and producing new oil and gas fields, especially when oil prices are high.

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The Energy Law

DECEMBER 8, 2017

In a decision by the Louisiana Board of Tax Appeals, Liskow & Lewis attorneys Robert Angelico , Jim Exnicios , Cheryl Kornick , RJ Marse , and Jeff Birdsong obtained a ruling rejecting attempts by the Louisiana Department of Revenue to increase the amount of severance taxes due on crude oil produced in Louisiana.

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The Energy Law

SEPTEMBER 4, 2009

By Kerry Murphy On Wednesday September 2, BP drilled the world’s deepest oil well – the Tiber Prospect Well – and discovered a huge pool of crude oil. The Tiber well is located in the western Gulf of Mexico, southwest of New Orleans in U.S. The Tiber well is below 4,000 feet of water and more than 30,000 feet into the earth.

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OilPro

AUGUST 6, 2024

In the oil and gas industry, the process of separating water and other impurities from crude oil and natural gas is crucial for efficient and safe production. One of the most common methods used to achieve this is through the use of free water knockouts.

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The Energy Law

APRIL 17, 2019

In a victory for the oil and gas industry, the Third Circuit rendered a decision rejecting attempts by the Louisiana Department of Revenue to impose severance taxes on crude oil production based on index pricing. The decision can be found here.

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The Energy Law

JULY 21, 2016

The value of the oil is the higher of: (1) The gross receipts received from the first purchaser, less charges for trucking, barging and pipeline fees, or (2) the posted field price. For instance, if the oil is purchased at or near the lease, the particular lease may include a deduction or premium applicable only to that lease.

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The Energy Law

JULY 9, 2008

involved a class action that was filed by commercial fisherman and native Alaskans against Exxon and its tanker captain for economic losses suffered as a result of the now infamous Exxon Valdez oil spill that occurred in 1989. Baker, et al. Exxon spent $2.1

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Aresco

MARCH 13, 2025

AI solutions can process real-time data from drilling operations, offering instant recommendations to field workers and reducing human error. The future is AI-driven, and the oil and gas sector is poised to reap the benefits of this technological revolution. Be sure to follow Aresco on LinkedIn !

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The Energy Law

JUNE 13, 2017

A tug owned by Marquette collided with an oil-carrying barge owned by Settoon as the Marquette tug attempted to overtake the Settoon flotilla. As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. Following the spill, the U.S.

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Pro-Gas Services

JANUARY 17, 2025

Suitable for Foamy Crude: Vertical separators are particularly well-suited for handling foamy crude oil, as their design minimizes the impact of foaming on separation efficiency. Their vertical orientation allows for efficient gravity separation in applications with lower gas-to-liquid ratios.

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The Energy Law

APRIL 5, 2018

The ATHOS I was contracted to deliver crude oil from Venezuela to a syndicate of CITGO interests, collectively referred to as “CARCO.” The allision resulted in a spill of approximately 264,000 gallons of crude oil into the Delaware River. As the designated responsible party under the Oil Pollution Act (“OPA”), 33 U.S.C.

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Oil & Gas 360º

MARCH 12, 2025

(World Oil) – Ecuador President Daniel Noboas plan to revitalize the nations biggest oil field is crumbling as he scrambles to secure re-election weeks before a runoff vote. Production from the nations top field has fallen 15% from a 2014 peak of 560,000 barrels a day. has the cash and expertise to boost production.

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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. The transaction is expected to close before May 30, 2025.

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Rextag

FEBRUARY 24, 2025

Oil and Gas Basins: Growth, Challenges, and 2025 Outlook Permian Basin (Texas & New Mexico) The Undisputed Leader 2023-2024 Overview The Permian Basin has remained the most important oil-producing region in the United States, supplying nearly 46% of the nations crude oil output in 2024. crude oil investments.

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The Energy Law

OCTOBER 16, 2014

As if crude producers and midstream transportation companies don’t already have enough problems trying to get crude oil from production fields to refineries thanks to inadequate pipeline infrastructure, tank car supply, rail safety concerns, and new regulations, they now also have to address a new, potentially market-busting lawsuit.

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Aresco

DECEMBER 17, 2024

Crude oil is one of the most vital commodities in the world, powering industries, transportation, and economies globally. What Are Direct Oil and Gas Exploration Investments? Crude Oil Investing Opportunities – Click image to request more info. Tax Advantages: The U.S.

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Crude Oil Futures

DECEMBER 5, 2024

It became a playing field for numerous actors on his watch to sow seeds of individual vested interests, in the aftermath of civil unrest that followed the Arab Spring. The US, Iran, Russia and Turkey are all in it, vying for holding on to their own sphere of influence.

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Valor

FEBRUARY 3, 2025

crude imports, especially from Canada and Mexico, raising concerns over rising gasoline prices and energy costs. Read more Vitol expects oil demand to remain robust until 2040 Summary : Vitol expects global oil demand to stay robust until 2040, primarily fueled by rising consumption in emerging markets.

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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. His rapid pivot on foreign policy with Russia could upend global oil flows and reduce the European market for U.S. Chevron, the No.

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The Energy Law

MARCH 31, 2021

The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S energy security, and oil prices. [7]. Constitution. Background. Gulf Coast. 2] Texas, et al. Biden, et al. 112-78, 125 Stat. 1280, § 501. [5]

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The Energy Law

MARCH 31, 2021

Background The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S energy security, and oil prices. [7] Constitution. Gulf Coast. 2] Texas, et al. Biden, et al. 112-78, 125 Stat. 1280, § 501. [5]

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