Remove Oil Remove Presentation Remove Refinery
article thumbnail

Investment Opportunities in the Oil and Gas Sector

Nestoil

The oil and gas sector has long been a cornerstone of the global economy, providing energy, raw materials, and substantial economic contributions. Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources.

Oil 52
article thumbnail

Gold for oil policy at risk of illicit financial flows – ISSER

Reporting Oil and Gas

The Institute of Statistical Social and Economic Research (ISSER) warns that the government’s ‘Gold for Oil’ policy, designed to tackle the foreign exchange demands of oil importers, is susceptible to Illicit Financial Flows (IFF). These factors, he asserted, create opportunities for illicit financial flows.

Oil 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What’s Happening: The Unexpected Growth in U.S. Oil Inventories and What It Means for the Industry

Rextag

As winter approaches, the interplay between refinery activity, import volumes, and demand for refined products will be crucial. 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

Oil 40
article thumbnail

Louisiana Appellate Court Affirms Summary Judgment in Asbestos Case

The Energy Law

Parsons”) from 1975 through 1977 when he worked on the initial construction of Marathon Petroleum Company LP’s (“Marathon”) oil refinery in Garyville, Louisiana. Thus, Plaintiffs claimed that since Mr. Steib worked for Parsons on the Marathon refinery construction, this evidence established Mr. Steib was exposed to asbestos.

Casing 52
article thumbnail

Louisiana Appellate Court Affirms Summary Judgment in Asbestos Case

The Energy Law

Parsons”) from 1975 through 1977 when he worked on the initial construction of Marathon Petroleum Company LP’s (“Marathon”) oil refinery in Garyville, Louisiana. Thus, Plaintiffs claimed that since Mr. Steib worked for Parsons on the Marathon refinery construction, this evidence established Mr. Steib was exposed to asbestos.

Casing 40
article thumbnail

Fifth Circuit Vacates $6 Million Clean Water Act Penalty

The Energy Law

The case relates to a 2006 oil spill which occurred at CITGO’s Lake Charles, Louisiana, refinery. The District Court determined that quantifying the economic benefit to CITGO was almost impossible given the conflicting evidence presented. CITGO Petroleum Corp., 11-31117 (5th Cir. July 17, 2013) (pdf). Opinion, pp.

Casing 40
article thumbnail

New Judge, Same Result – $81 Million CWA Civil Penalty Appealed

The Energy Law

allowing an $81 million judgment against the oil company to stand. The judgment is the latest in a suit the EPA filed against CITGO under the Clean Water Act for a 2006 spill at the oil company’s St. Charles refinery. In the original judgment , U.S. Adm’r of E.P.A. CITGO Petroleum Corp., 3d 547, 549 (5th Cir. million dollars.