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.

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Rextag

NOVEMBER 25, 2024

Will rising imports and weak demand keep crude prices under pressure, or is a rebound on the horizon? crude oil inventories grew by 545,000 barrels last week to reach 430.3 Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 crude oil production fell to 13.2 million barrels.

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Oil Gas Leads

MARCH 10, 2025

Offshore drilling activity increased , with the rig count rising by one to 14. rig count is down by 30 rigs (-5%) , which includes declines of 18 oil rigs and 14 gas rigs. crude oil production will rise from a record 13.2 Crude oil production remains on track for record levels , even as rig counts fluctuate.

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Valor

FEBRUARY 24, 2025

onshore wind farms and spinning off offshore wind assets. crude oil inventories increase by 4.6 crude oil inventories rose by 4.6 Under pressure from activist investor Elliott Management, which holds a 5% stake, BP is shifting focus back to fossil fuels, selling 10 U.S. The companys profits fell to $8.2

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The Energy Law Blog

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.

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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. The third-largest oil player in Nigeria also comes from the United States. Exxon comes next: the U.S.

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Drillers

FEBRUARY 25, 2020

These are both production approaches that work well at conventional wells in formations with excellent permeability characteristics, meaning it is easy to extract the oil from the rock. They also work well with lighter (less viscous) crude oil grades. But not all oil-bearing geology is the same and not all oil is the same.

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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. This innovative design optimizes space and reduces footprint while providing efficient separation of gas, oil, and water.

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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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Rextag

JANUARY 6, 2025

Offshore Wind Tipping Point: Projects like Vineyard Wind exemplified progress in offshore wind, but inflation-driven cost overruns and delays beyond 2030 highlighted the sectors financial vulnerabilities. renewable projects. Subsea interconnectors emerged as a promising solution for energy independence.

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Valor

FEBRUARY 17, 2025

WTI holds above $70 amid Russia-Ukraine peace talks Summary : WTI crude oil remains cautiously above $70 as investors await further developments in the Russia-Ukraine peace talks, which could potentially flood the market with more Russian oil and negatively affect prices. Stay tuned for weekly updates to keep you well-informed.

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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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