Where do you folks think Israel imports most of its oil from ? Is it Kurdish & Azeri oil passing through the BTC pipeline terminating at Ceyhan in Turkey or do tankers from Novorrosisyk in the Black Sea carrying Kazakh crude transport to Haifa? Is there a possibility that tankers carrying Libyan crude from Benghazi & Saudi Crude from Jeddah also make port calls in Israel?

Exxon Mobil Corp has released its latest global oil outlook, projecting that crude demand will remain above 100 million barrels per day through 2050, a forecast 25% higher than its European rival BP. This projection reflects Exxon’s ambitious production growth plans, which are the most aggressive among Western oil majors.

https://thedeepdive.ca/exxons-oil-outlook-surpasses-bps-by-25-forecasts-steady-demand-to-2050/

As the title states, I invested into an Oil Operation in Kentucky, where one well was producing and two additional leases were going to be brought online. I invested in November of 2023 and things were going well until March of this year. At that point, all communications stopped and could not get a hold of the business owner. I happened to check the status of the business entity and it is now in bad standing with the state and is pending dissolution, along with every other entity tied to the owners name.

Do I have any options or actions that I can take or do I have to accept the investment was lost?

Hey guys, here are probably some investors in COG, so I guess this might be useful info for you. It’s about poor environmental controls issues they had a few years ago.

For newbies, a few years ago, Cabot was accused of failing to fix their gas wells properly, which led to gas getting into Pennsylvania's water (even faced criminal charges over this). Obviously when this news came out, $COG dropped and investors filed a lawsuit against them for poor environmental controls.  

The good news is that now, after all this time, $COG agreed to pay a $40M settlement to investors over this situation. And if you got hit back then, you can check it out here and file a claim to get payment.

Meanwhile, COG already publicly admitted responsibility for what happened. And agreed to build a public water system that will provide clean water to the impacted people, along with a pledge the company will cover water bills for 75 years.

Anyways, do you think this is enough for what happened? And, has anyone here been affected by this?

https://www.eleconomista.es/mercados-cotizaciones/noticias/12952537/08/24/el-petroleo-se-agota-en-una-de-las-fuentes-de-crudo-favoritas-de-china-y-no-hay-solucion-a-corto-plazo.html Warning: Article is in Spanish, so, I've made a summary (with the help of Chat GPT) for non-spanish readers, because the article is interesting and has some interesting information. If moderators consider it, just remove.

• Angola used to be a major oil supplier to China, rivaling Saudi Arabia, but has seen a big drop in oil production and trade with China over the past decade.
• Angola’s oil output is now half of what it was 15 years ago, leading to a decrease in its importance as a supplier to China.
• China has shifted its focus from Angolan oil to oil from Gulf countries and Russia due to Angola’s declining production and the rise of new suppliers.
• Angola is trying to boost its oil production by leaving OPEC to have more freedom in production and export, but this is only a short-term fix.
• In 2010, Angola was China’s second-largest oil supplier; by 2023, it had dropped to eighth place.
• Angola’s oil industry has been struggling with declining production due to aging infrastructure, lack of investment, and inefficient management.
• Experts predict Angola’s oil production will fall further, potentially dropping below a million barrels per day by 2028.
• China is adapting by strengthening ties with new oil suppliers like the UAE and Russia, as African oil production faces long-term challenges.

 Hello everyone. In my journey of learning things at my job, I came across another point of doubt: the issue of oil and gas purchase and sale contracts. Here I saw that there are two types of contracts for payment, Percent of Proceeds and Fixed Recovery. So I wanted to know from your experience if there are other types besides these? Can they also be called purchase and sale contracts or are they different things? And how is the management done?

Hi everyone. I am reading some materials here and one of the things I came across was the percentages of losses that are allowed during the transportation of oil and gas. But here I found some conflicting information because I saw that in some contracts it stated one value and in a regulation it stated another value. Is there a standard for this? How should the percentage of losses be established? And how does the company manage this? Here in my company, it is just an Excel spreadsheet that uses a subtraction formula with the measurement data. Is this the standard in other places? I found this simple, I thought it would be something more complicated.

Hey guys, I posted about these settlements already, but in case you missed it and since they are accepting claims, I decided to post it again. 

Quick recap for those who don’t remember, back in 2016, it was revealed that between 2007 and 2012, Weatherford made fake financial statements that gave them $900M+ in profits.

After this news, the investors obviously sued them for that and for the losses it caused. Good news is that for now, Weatherford is paying $140M to settle the case and move on. So, if you were an investor during this time, you can check here if you are eligible and file for the payment.

Anyways, has anyone here been affected by this? How much were your losses if so?

Hello everyone. For those with experience in oil and gas processing, is there measurement and analysis of what is burned in the flare? Does it make sense to have a detailed analysis of what burns there? Here where I work, they don’t analyze what they burn, they just measure to know how much was burned but not what was burned, and I think we might be missing an opportunity to sell components that are being burned. Does that make sense to you? I want to discuss this with my boss, but I don’t want to seem stupid.

Does anyone here have experience with contract management and contractual requirements and regulations? Is this really something very important? Because when one of my professors gave his lecture on this, it seemed like a big deal, but here at my job, there’s nothing about it, just a few things about deadlines and dates, but nothing major. I don’t know if it’s just here or if it’s like this in other places too. I’m not complaining, but I had prepared myself thinking it would be a big deal. I would like to know the experience of those who have been dealing with this for a longer time.

Hello everyone, I am new to the oil and gas industry and I would like to know what is the most difficult part or the most laborious process in the field. Honestly, since I am just starting, I want to first learn and adapt a bit more to the area before tackling the big challenges. So, I want to know from those who already have some experience, what kind of “big problems” exist or what challenges someone who is just starting might encounter.

I'm having some trouble finding answers to my questions. Oils said bitumen extraction is very expensive and dirty, those things I figured out. But what's the plus side to it, I know it sells for less then wtc or Arab oil, so thats a plus. I've read when cracking the refineries can get a bunch of different kinds of products, diseal, etc.. other than financially is there any benefit from oil sands oil, or is it its heavy aspect that sets it apart so its able to be made into products sweeter oils can't be made into.