Egypt Oil & Gas

MARCH 9, 2025

Three Romanian companies intend to compete for the investment opportunities offered by the Ministry of Petroleum and Mineral Resources (MoPMR) for crude oil and natural gas exploration operations.

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Oil & Gas 360º

MARCH 6, 2025

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years.

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Crude Oil Futures

DECEMBER 20, 2024

The price of crude oil remained remarkably stable throughout the week, despite ongoing volatility in Syria and a deepening energy crisis in Iran, which holds the world's fourth-largest proven oil reserves. Analysts had anticipated a modest surge in oil prices due to the swift military advancements by rebels in Syria.

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The Energy Law Blog

JANUARY 24, 2007

The Associated Press reported today that a federal jury found Kerr McGee liable for additional royalties on crude oil produced from federal properties and sold through Texon. Kerr McGee had denied the allegations and claimed that no additional royalties were owed. Kerr McGee has indicated that intends to appeal the verdict.

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Crude Oil Futures

DECEMBER 28, 2024

While hailed as a potential lifeline, the focus appears to be more on debt management, particularly for local governments and the ailing property sector, rather than direct economic growth stimulation. The burgeoning electric vehicle market, a key government priority, is expected to dampen long-term oil demand, even with economic recovery.

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The Energy Law Blog

SEPTEMBER 12, 2008

By Jonathan Hunter: In a highly anticipated decision, the Tenth Circuit held this week that the district court had subject matter jurisdiction over a qui tam action filed by an MMS auditor concerning royalty payments on crude oil produced from offshore federal leases. The court also ruled that “Mr.

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Oil Gas Leads

MARCH 4, 2025

Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector. Energy Market Trends: Prices on the Rise Crude oil and natural gas prices saw notable increases in Q4. The price of West Texas Intermediate (WTI) crude oil closed the quarter at $71.72

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Iraq Business News: Oil & Gas

FEBRUARY 24, 2025

According to what the Ministry described as data issued by secondary sources approved by OPEC , Iraq's crude oil production in January 2025 stood at 3.999 million barrels per day (bpd), reflecting adherence to agreed production levels. Key Developments: Iraq will continue efforts to compensate for past overproduction.

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Drillers

MARCH 24, 2020

Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. How did this happen?

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Valor

FEBRUARY 24, 2025

Read more Feds approve another deepwater oil export terminal off Texas coast Summary : The U.S. government has approved the GulfLink deepwater oil export terminal off the Texas coast, marking another step in expanding American crude export infrastructure. crude oil inventories increase by 4.6 energy exports.

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Aresco

AUGUST 13, 2024

For instance, if oil prices rise due to geopolitical instability or supply constraints, the value of oil and gas assets can increase substantially, leading to higher returns for investors. government offers a variety of tax incentives aimed at encouraging domestic energy production.

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The Energy Law Blog

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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The Energy Law Blog

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 6, 2025

(Oil Price) –Mexicos state oil firm Pemex is holding discussions with crude buyers in Asia and Europe to potentially sell there its oil, which is now being taxed with a 25% tariff by its single biggest customer, the United States, a senior government official in Mexico told Reuters.

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Oil & Gas 360º

MARCH 10, 2025

Disciplined Leadership and Governance: The combined business will continue to be led by the Whitecap executive team, who have a long track record of operational excellence, financial discipline, strong safety performance and are focused on generating strong returns to shareholders.

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The Energy Law Blog

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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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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Crude Oil Futures

DECEMBER 19, 2024

In recent weeks, the Iranian government has implemented drastic measures in an attempt to manage the situation, with limited success: schools have switched to online learning, universities have shut down, and President Masoud Pezeshkian has publicly urged citizens to lower their thermostats by at least two degrees.

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Crude Oil Futures

OCTOBER 28, 2024

The West is aware of this threat and many other potential threats in the absence of a properly-functioning government. The Iranian leader is not the only one that maintains X account; there is a government account and accounts owned by former English-speaking ministers. As of 14:37 on Monday, the price of WTI and Brent were at $67.73

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Oil & Gas 360º

MARCH 12, 2025

crude oil production this year is set to post a blow past a prior estimates, according to the U.S. Further government data on U.S. Output by the wider OPEC+ group, which includes allies like Russia, also rose by 363,000 barrels per day in February. Meanwhile, U.S. Energy Information Administration on Tuesday.

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Crude Oil Futures

DECEMBER 5, 2024

Despite his poor handling of the affairs of the Syrian state on the military front, at least, President Bashar al Assad managed to keep the country secular in the region that he manages to govern.

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Oil & Gas 360º

MARCH 11, 2025

(BOE Report) –CALGARY The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about selling two million barrels per month of province-owned heavy oil.

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Oil & Gas 360º

MARCH 5, 2025

New 25% tariffs on imports from Mexico and Canada, along with a doubling of duties on Chinese goods to 20%, took effect on March 4, kicking off a trade war that will have far-reaching effects on governments, businesses and households alike. crude exports in 2024, while Mexico accounted for 24% of U.S. At the same time, U.S.

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Oil & Gas 360º

MARCH 12, 2025

(Oil Price) –Canadas energy minister has threatened Washington with curbing exports of crude oil in response to the Trump administrations import tariffs on Canadian goods. However, the biggest producer of crude oil in Canada, Alberta, has signaled it is not on board with the idea.

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Valor

FEBRUARY 3, 2025

Read more Judge blocks major North Sea oil and gas projects in victory for activists Summary : A UK judge temporarily halted a major oil and gas development in the North Sea, ruling that the government’s environmental impact assessment was insufficient.

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Crude Oil Futures

DECEMBER 15, 2024

The price of crude oil slightly increased last week, perhaps due to the lingering anxieties over the handling of Syria by fractured opposition, consisting of various rebel groups. Even a minor incident in the Middle East usually affects the sentiments of both analysts and investors that in turn reflects on oil and gas prices.

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Aresco

NOVEMBER 18, 2024

Trumps Vision: A New Era of Energy Expansion and Opportunities in Alternative Investments The enthusiasm among accredited investors for oil and gas investments under Trumps renewed leadership is not merely about capitalizing on current tax benefits or favorable policy changes.

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Oil & Gas 360º

MARCH 10, 2025

President Donald Trumps first 47 days in office have been marked by a rapid overhaul of government and policy, including mass layoffs and the reversal of many of the policies of the previous administration. oil and gas output – already at record levels before he took power.

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Crude Oil Futures

FEBRUARY 17, 2025

Arab leaders have emphasized that any financial commitment to reconstruction is contingent on guarantees that Israel will not destroy Gaza again, which they see as requiring the exclusion of Hamas from any future government. It is unclear whether the U.S.

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Oil & Gas 360º

MARCH 7, 2025

job growth picked up in February and the unemployment rate edged up to 4.1%, but growing uncertainty over trade policy and deep federal government spending cuts could erode the labor markets resilience in the months ahead. In the U.S.,

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Crude Oil Futures

NOVEMBER 15, 2024

Domestic Policy: Trump's administration has appointed Elon Musk and Vivek Ramaswamy to lead a new efficiency department aimed at reducing government waste. This initiative, inspired by Musk's drastic workforce reductions at X Corp (formerly Twitter), could lead to significant job losses in government sectors, potentially stirring controversy.

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