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Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360ยบ

refinery utilization stood at 85.6% Also capping demand was the final shutdown ofLyondellBasell Industries(NYSE: LYB ) 263,776 barrel-per-day (bpd) Houston refinery this month. WEAK DEMAND ALONG THE COAST Four-week average U.S. in the week to February 26, data from the U.S. million, 4.2% lower than average 2024 levels.

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2019 Louisiana Investment Adviser Update

The Energy Law

US Government Shutdown Although the US government, and the SEC, is shutdown, advisers should continue to meet all statutory and regulatory deadlines as set forth in the SECโ€™s Operations Plan Under Government Shutdown (Dec. The forms are available from the Commissioner of Securities office.

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AI in Oil and Gas โ€“ A Game-Changer for Efficiency and Profitability

Aresco

By continuously monitoring machinery performance, AI enables companies to address maintenance issues before they escalate, preventing costly shutdowns and enhancing overall safety. Generative AI is also being utilized for knowledge management, enabling workers to access vital information instantly.

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Office Functions: There is a Better Way

Permian Basin Oil and Gas Magazine

Its ability to take this data out of file cabinets, hard drives, and clipboards actually helped Greasebook thrive during the COVID shutdowns, Archbald recalled, because everybody was working outside the office, from home and accessing that data online was sometimes the only option. We were already set up for that, he says.

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Subsea Plugging & Abandonment: Light Well Intervention Vessel Overview

Drillers

I thought it would be pertinent to write something on the plug and abandonment (P&A) of subsea assets utilizing a Light Well Intervention Vessel (LWIV). Light Well Intervention Vessels have been used for over 30 years in the North Sea, and their utilization has spread globally over previous decades. Intermediate abandonment 3.

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Commissioner of Conservation Issues Letter Addressing Emergency Measures to Help Louisiana Oil and Gas Industry

The Energy Law

With shutdowns and stay-at-home orders in place and regulatory deadlines looming, Louisiana operators are looking for guidance from regulators on how to proceed. However, Conservation stated that does have the authority to grant extensions and deferments on a case-by-case basis and currently utilizes this authority.

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Labor and Employment Law FAQs Related to Hurricane Ida

The Energy Law

While employers may choose to do so for benevolent reasons (usually by utilizing Internal Revenue Code Section 139 outlined in question 9 below), they donโ€™t owe these employees pay for shifts missed due to the storm. Under the Fair Labor Standards Act , these non-exempt employees only need to be paid for time that they actually work.