Producer's Edge

JANUARY 6, 2025

2022), the Texas Supreme Court held that PGP is an “oil product” qualifying for statutory condemnation authority under section 2.105 of the Business Organizations Code because it is derived from crude oil. HSC Pipeline P’ship, LLC, 650 S.W.3d 3d 483, 494 (Tex.

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Egypt Oil & Gas

MARCH 13, 2025

Minister of Petroleum and Mineral Resources Karim Badawi held meetings with Clay Neff, President of Chevron International Exploration and Production, and Dong Sub Kim, President & CEO of Korea National Oil Corporation (KNOC), focusing on investments and capacity building.

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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. As is common in deep-water operations, it will take years of work and millions of dollars before oil can be drawn from the well.

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Valor

FEBRUARY 24, 2025

and Russia prepare for peace talks on Ukraine, with potential impacts on oil sanctions and seaborne shipments. Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2

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Energy Transfer

DECEMBER 10, 2024

According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. This has occurred even as our country continues to produce more crude oil than any other nation ever has. have fallen 44 percent since 2011. Also of note are advancements U.S.

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Drillers

MARCH 24, 2020

Production grew fast, and today, Nigeria pumps close to 2 million BPD, which makes it the largest producer of crude oil in Africa. Nigeria joined OPEC in 1971 before it even had its own state oil company. That was formed in 1977 under the name National Nigeria Petroleum Company. Exxon comes next: the U.S.

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Aresco

AUGUST 13, 2024

These tax incentives can substantially improve the financial returns of an oil and gas investment, making it even more attractive for high-net-worth individuals in Florida who are looking to minimize their tax burdens while pursuing profitable investment opportunities.

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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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Drillers

MARCH 19, 2020

Offshore oil fields represent a substantial portion of the worlds total crude oil output. Offshore oil activity is growing, and so is a demand for the workforce on the platforms that pump it out. Then there are the moving parts of all the machinery that is necessary to drill for oil and gas.

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Energy Central

MAY 10, 2022

President Biden announced in late March that he would release 1 million barrels of crude oil per day from the Strategic Petroleum Reserve (SPR) over a 180 day period, making it by far the largest release ever. Is this a wise move and will it achieve the objectives sought? Background: The origin of the U.S.

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Oil & Gas 360º

MARCH 10, 2025

Leading Low Decline Light Oil Position in Saskatchewan : The combined company becomes the second largest producer in Saskatchewan with consolidated assets in west and southeast Saskatchewan. These foundational assets have approximately 7,000 development locations to support meaningful free funds flow generation into the future.

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Rextag

FEBRUARY 24, 2025

oil and gas industry is experiencing one of its most transformative periods. By optimizing well productivity and leveraging enhanced oil recovery techniques, the company maintained steady production growth while maintaining profitability in a volatile price environment. 2025 Forecast Projected Crude Oil Output: 6.6

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Crude Oil Futures

DECEMBER 19, 2024

One option that Iran can turn to is make use of gas that otherwise is wasted by gas flaring: it is the process in which the excess gas produced during extraction of petroleum products from wells are just burned out as a way of removal. The energy crisis in Iran is escalating, with many Iranians openly acknowledging its severity.

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Oil & Gas 360º

MARCH 12, 2025

A weakening in the dollar can provide a lift for oil prices because it in theory makes crude less expensive for buyers holding foreign currencies. But worries over global oil demand due to U.S. President Donald Trumps plans to impose tariffs on friends and adversaries alike have capped a rally in crude prices.

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Oil & Gas 360º

MARCH 13, 2025

Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on Thursday, revising down its 2025 demand growth forecast. [EIA/S] “Declining U.S. trading partners said they would retaliate for trade barriers already erected by the U.S.

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Crude Oil Futures

NOVEMBER 13, 2024

The price of crude oil keeps falling as President Trump selects his top team, reinforcing the belief in the energy markets that there is enough oil in stock at present. President Trump does not want China to buy oil from Iran while the international sanctions against the latter remain in force either. respectively.

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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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Energy Outlook Advisors

FEBRUARY 3, 2025

Canada imports about 500 kb/d of petroleum products, as shown in Figure (3). Here is Why: A 10% tariff on oil imports from Canada, starting Tuesday, would increase diesel prices by about 1-11 cents. Lower oil prices (they rose), 3. US Shale produces light sweet crude, which is good for gasoline, naphtha, and NGLs.

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Oil & Gas 360º

MARCH 5, 2025

Meanwhile, the Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, decided on Monday to increase output for the first time since 2022, further pressuring crude prices.

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Oil & Gas 360º

MARCH 10, 2025

His termination of a license that allowed for Venezuelan oil exports to the U.S. and threats to drive Iranian oil exports to zero all portend disruptions to global oil flows. Even before that, lower oil prices in 2024 and rising costs for equipment and services had squeezed energy companies. Chevron, the No.

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Crude Oil Futures

NOVEMBER 7, 2024

In anticipation of a supply boost in the near future, the oil markets reacted to his reelection that defied both pundits and pollsters; the price of crude oil went down by a moderate margin. As of 12:05 GMT on Thursday, the prices of WTI and Brent were at $70.45 respectively.

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Valor

JANUARY 20, 2025

Read more Republican states sue Biden over drilling limits Summary : Several Republican-led states, including Mississippi, Alaska, Louisiana, Alabama, and Georgia, along with the American Petroleum Institute, have filed a lawsuit against the Biden administration challenging its restrictions on offshore oil and gas drilling.

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Crude Oil Futures

JANUARY 25, 2025

oil and gas production, potentially positioning the U.S. to become the world's largest exporter of these resources, following its current status as the largest oil producer. This action indeed lowered oil prices temporarily but left the SPR at historical lows, impacting U.S. These actions are aimed at significantly boosting U.S.

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Oil & Gas 360º

MARCH 7, 2025

Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump’s goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the Energy Department said on Friday. (Reuters) – U.S.

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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] energy security, and oil prices. [7] energy security, and oil prices. [7] Constitution.

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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]. energy security, and oil prices. [7]. Constitution. Background. Gulf Coast.

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Crude Oil Futures

FEBRUARY 19, 2025

Source: US-BLS On Wednesday, February 18, 2025, crude oil and liquefied natural gas (LNG) prices rose slightly amid political tensions in Europe. crude oil inventories grew, a factor that typically depresses prices. Alongside allied releases, this capped oil prices below $80 per barrel, a psychological threshold.

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