Tag Archives: oil & gas

ILN Today Post

Myanmar – Oil and Gas Update

Myanmar possess largely untapped reserves of natural resources, in particular oil and gas both onshore and offshore.  With recent liberalisations and changes to the Foreign Investment climate, Myanmar has become a key part of most oil and gas firms forward strategy.  In this briefing we comment on recent developments in the oil and gas sector. More…

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Oil and Gas Alert- Recycling wastewater from fracking: Regulatory oversight imminent

As discussed in our Energy Forum earlier this year, Water challenges in the oil and gas industry,”  the procurement and disposal of water are persistent challenges for the budding natural gas industry. Each horizontal well requires millions of gallons of chemically treated water in order to fracture the shale and produce oil and gas. Much of that water flows back to the surface (flowback), along with brine that is produced after fracturing is complete and production commences. All of this flowback and produced brine has to go somewhere, often to a Class II Injection Well. However, the drilling waste disposal landscape is beginning to change as injection wells are more frequently the target of concern, criticism and regulation.

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ILN Today Post

COMPETITION LAW ISSUES IN INDIA’S OIL & GAS SECTOR – PART 2

Absence of an Independent Regulator in the Upstream Segment 

While the downstream and midstream segments are regulated by the Petroleum and Natural Gas Regulatory Board (“PNGRB”), the upstream segment is directly regulated by the Ministry of Petroleum and Natural Gas (“MOPNG”) with the technical support of the Directorate General of Hydrocarbons (“DGH”), under the administrative control of the MOPNG. Neither the MOPNG nor the DGH is an independent regulator.

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ILN Today Post

Singhania & Co: Oil & Gas News

HIGHLIGHTS

  1. Gas producers to be allowed to charge market rates: 12th Five Year Plan
  2. Government to float Oil India’s INR 2,500‐crore issue by January 15, 2013
  3. Oil ministry to allow Cairn India to further explore Rajasthan oilfields
  4. The Rangarajan panel suggests a Complex gas pricing formula
  5. Rangarajan panel proposes real‐time audit for USD 1 billion oil blocks
  6. DGH rejects RIL’s proposal to do single test in 3 discoveries in KG‐D6 block
  7. Rangarajan panel: No need for CAG audit of RIL’s CBM blocks
  8. Government bars oil PSUs from setting up self‐funded petrol pumps
  9. Oil Ministry directs Reliance Industries to drill more wells
  10. Calcutta High Court rejects international arbitration plea for TCG
  11. RIL’s plea for consent order in ‘insider trading’ case rejected More…
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Oil and Gas Alert: The rising tide of produced water

With the escalation of oil and gas production in the Utica and Marcellus shale plays, there is a growing awareness, and some concern, about the quantity of fresh water that must be used to enable production. Enormous volumes of water must be injected to depths often exceeding one mile to free up and produce valued hydrocarbons. But ironically, water already existing at those depths may eventually prove to be a matter of greater concern.

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ILN Today Post

India: Oil & Gas News

Governmental and Regulatory Updates

1. Competition Commission of India (gCCIh) to investigate against oil marketing companies for suspected cartelisation The CCI may soon ask its investigation wing to carry out a detailed investigation into the alleged cartel]like behaviour of oil marketing companies increasing and decreasing prices of petrol in unison. After carrying out an initial enquiry on the matter, the CCI found that ‘there was no valid reason why Indian Oil, Hindustan Petroleum and Bharat Petroleum were increasing and decreasing price of petrol in unison. More…

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Who’sWhoLegal nominated Risto Vahimets and Imbi Jürgen as leading lawyers in Estonia in Oil and Gas practice area

Partner Risto Vahimets and senior associate Imbi Jürgen were highlighted by The International Who´s Who of Oil & Gas Lawyers 2012 publication as leading Oil & Gas law experts in Estonia. Two lawyers out of three nominees from Estonia represent TARK GRUNTE SUTKIENE law firm.

Nominees were selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. The research revealed 472 experts in 77 jurisdictions who can truly be considered leaders in the field.

Who’s Who Legal is the official research partner of the International Bar Association.

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Oil and Gas Alert: Despite earthquake, deep injection wells continue to play a major role in Utica and Marcellus activities

Background

The Ohio Department of Natural Resources (ODNR) determined that an earthquake in Youngstown, Ohio, which measured 4.0 on the Richter Scale on December 31, 2011, was caused by a Class II deep injection well. The Youngstown New Year’s Eve earthquake had been preceded by a number of minor seismic events between March and December of 2011 in the same area. ODNR based its determination regarding the cause of the earthquake on a number of factors. Its most important conclusion is the fact that the well had been improperly positioned over an existing fault line.

 

Other factors include:

 

  • The New Year’s Eve earthquake originated in the same location as the Youngstown well with an epicenter on a fault line 9,842.5 feet below the surface, approximately the same depth as the well’s injection site.
  • The seismic activities at the site coincided with injections to the well.
  • Seismic activities did not begin in 2011 until after operation of the well had commenced.
  • Other than the 2011 seismic activities, Youngstown is not a seismically active area.
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"How recent oil and gas discoveries will impact Ohio businesses and landowners," Jeff Huntsberger interviewed by Smart Business Magazine

How recent oil and gas discoveries will impact Ohio businesses and landowners
Jeff Huntsberger interviewed by Smart Business Magazine

It was announced recently that the Utica Shale formation in Ohio is not only a source of natural gas, but oil as well. New technological advancements — especially in horizontal drilling techniques and the hydraulic fracturing of the shale (“fracking”) — along with the fact that the oil appears to be of high quality, is bringing drilling to Ohio a lot faster than originally thought.

“Drilling has been taking place in the Marcellus Shale in Pennsylvania and West Virginia for a while now,” says Jeffrey R. Huntsberger, a member of the Business Department and the Real Estate Practice Group at McDonald Hopkins LLC. “Geologists knew there was natural gas in Ohio’s Marcellus formations, but figured Ohio wouldn’t be as rich a source as Pennsylvania. All of that has changed now with the discoveries in the deeper Utica Shale formation. For example, the CEO of Chesapeake Energy Corp. recently said that his company expects to invest $10 billion per year in Ohio for the next couple of decades.”

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