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Oil and Gas industry news.

Oil and Gas industry news.

/r/oilandgas

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1

Looking for Oil Brokers

I need an oil broker to find us deals with buyers. We have a seller’s mandate and everything is ready on the seller's side. If you're interested in earning a cut, please DM me, and I’ll send you the procedures with more information, thanks.

0 Comments
2024/09/25
03:47 UTC

5

Deadline For Getting Payment In Cabot Oil's $40M Investor Settlement Is Next Month

Hey guys, I already posted about this settlement, but since the deadline is next month, I decided to post it again. It’s about poor environmental control 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. The deadline is next month, so you got hit back then, you can check it out here and file for it.

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?

0 Comments
2024/09/19
20:42 UTC

4

Refinery Help

I am a manager of a recycling oil plant in Africa, black burnt engine oils to be exact, I produce around 20 tons of oil a day, I received the position very early because my trainer had to quit the job due to family problems.

The recovery of the oil dropped from 70% to 50%, I am getting more and more residue with everybatch, I used to get around 14000 liters of oil every batch with 2000-3000 liters of residue, and now I get 5000+ liters with every batch.

Can someone help me? Whatever specifics you need I'll provide.

2 Comments
2024/09/15
22:40 UTC

3

Need advice on starting an energy company

Following up on the last advice I got. I managed to sell a contract of a few million barrels a month for some oil and now have a decent revenue stream. I ran into the son of the president of a small developing nation at a party and befriended him, and reached out to sell him some oil. His country is getting screwed by big oil companies in collusion with their oligarchs, and I suggested that he should start a gas company that would handle the logistics and procurement for his country. I have to present a proposal to the president in three weeks but I don’t know the process for how to start an oil company. Can anyone help me?

7 Comments
2024/09/13
02:07 UTC

5

Update For Getting Payment In Northern Dynasty Investor Settlements

Hey guys, I posted about these settlements already, but since we have an update for them, I decided to post them again. Though the deadline has already passed, you still can file a late claim for them.

For the newbies: A few years ago Northern Dynasty was accused of hiding that the Pebble Project broke Clean Water Act guidelines and wasn’t in the public interest. Because of this, the U.S. Army Corps of Engineers rejected NAK's permit applications for the project.

The good news is that just recently Northern Dynasty agreed to settle with both Canadian and US investors. And, apparently they are taking late claims on these ones. 

So, if someone's late on this, you still can file for them — you can check the info and file for the payment here: https://11thestate.com/cases/nak-investor-settlement for the US, and here: https://11thestate.com/cases/ndm-investor-settlement for Canada.

Hope it helps!

0 Comments
2024/08/30
21:03 UTC

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