Sunday, January 29, 2023
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA
Oil Market News Today
Advertisement
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
Oil Market News Today
No Result
View All Result
Home Companys

Oil producers appeal for time to comply with regulations during pandemic

July 5, 2020
in Companys
Oil producers appeal for time to comply with regulations during pandemic
Share on FacebookShare on Twitter


Latest Oil MArket NewsPosts

Oil Trading Bonanza Saves the Quarter for Shell and Total

Weir Group profit hit by lower oil and gas market

Highwood Oil Company Ltd. Announces Redetermination of Credit Facility And

Local oil producers are having a hard time keeping up with their regulatory obligations during the pandemic.

Half a dozen companies in Kern County have responded to a state offer by applying for extra time to test oil field injection sites, plug wells, and perform other required health and safety tasks.

Some applicants have received deadline extensions and others haven’t. More than a dozen applications are pending.

Oil producers have generally made the case that, although they have been designated critical industries during the pandemic, sharply lower barrel prices have limited their ability to operate as normal.

The Arizona-based Center for Biological Diversity has criticized the state’s offer, saying oil companies operators were using the pandemic as an excuse and should not be allowed to set aside their responsibility to protect against pollution.

QUALIFYING CONDITIONS

State Oil and Gas Supervisor Uduak-Joe Ntuk stated in May that to qualify for an extension delays must have been caused by COVID-19 or government orders related to it and that any postponements must “not increase the risk of damage to life, public health, property or natural resources.”

“Since all California operators are responding to historically low supply demand, with difficult layoffs and cutbacks,” he wrote in a May 1 letter, “CalGEM will consider a one-time, two-month extension in the requirements to submit idle well management plans (IWMP) and fees provided that individual operators demonstrate that this extension will not result in environmental harm.”

State records show 39 deadline extension requests were filed with CalGEM, the California Geologic Energy Management Division, between March 23 and June 16. As of Thursday, six have been approved and 18 denied. Two were ruled unnecessary because the operator has the time requested even without asking for it. An additional 13 remained under consideration.

Ntuk said by email Friday, “Each request is unique for each operator and situation. CalGEM is reviewing the submissions and will process them shortly.”

In several of the denials, state officials judged the applicants’ requests to be beyond the scope of Ntuk’s offer, often because the companies asked for more time than he had offered to grant them.

HIGH COSTS

Local oilman Chad Hathaway, who had asked CalGEM for extra time to conduct mechanical testing of his company’s injection wells in the Edison Oil Field, said he made the request because doing such work is expensive and requires hiring outside labor at a time he’d rather spend the money keeping his own staff working.

“It requires a workover rig, third party packer service, third party pumping service and about 18 hours’ worth of labor all of which are third party (not internal employees),” he wrote in an email. “All in all, about $7-10K worth of time and materials. We prefer to keep OUR people working on projects that can support themselves. We cannot afford to hire third party contractors at the moment.”

The state didn’t grant or deny Hathaway’s request. It said he didn’t need to do the…



Read More: Oil producers appeal for time to comply with regulations during pandemic

Tags: aera energy llcappealapplicantcalgemchad hathawaychevroncommerceCompanycomplydeadlineeconomicsgas supervisor uduak-joe ntukIndustrylawmining industryoiloil companyoil producerpandemicProducersregulationsrequestStatethird partytimework

Related Posts

Oil Trading Bonanza Saves the Quarter for Shell and Total
Companys

Oil Trading Bonanza Saves the Quarter for Shell and Total

by Oil Market
July 30, 2020
0

(Bloomberg) -- Royal Dutch Shell Plc and Total SE were saved from what many feared would be the worst...

Read more
Weir Group profit hit by lower oil and gas market
Companys

Weir Group profit hit by lower oil and gas market

by Oil Market
July 29, 2020
0

Weir Group PLC on Wednesday reported a 41% fall in pretax profit for the first half of the year...

Read more
Highwood Oil Company Ltd. Announces Redetermination of Credit Facility And
Companys

Highwood Oil Company Ltd. Announces Redetermination of Credit Facility And

by Oil Market
July 28, 2020
0

/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES./ CALGARY, AB, July 27, 2020 /CNW/ - Highwood Oil...

Read more
Robotics company growing profits outside of oil patch
Companys

Robotics company growing profits outside of oil patch

by Oil Market
July 27, 2020
0

Dan Allford grew his company by building precision oil and gas field equipment with cutting-edge robots, and like many...

Read more
Big Oil Braces For Brutal Earnings Season | OilPrice.com
Companys

Big Oil Braces For Brutal Earnings Season | OilPrice.com

by Oil Market
July 26, 2020
0

The oil majors are set to unveil their second-quarter earnings in the coming days, and analysts expect the figures...

Read more
Big Oil Braces For Brutal Earnings Season | OilPrice.com
Companys

Big Oil Braces For Brutal Earnings Season | OilPrice.com

by Oil Market
July 26, 2020
0

The oil majors are set to unveil their second-quarter earnings in the coming days, and analysts expect the figures...

Read more
Next Post
The inside story of how oil price war ended

The inside story of how oil price war ended

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Today Oil Markets

Natural Gas Price Forecast – Natural Gas Markets Find Massive Support

Natural Gas Price Forecast – Natural Gas Markets Find Massive Support

3 years ago
Oil & Gas Stock Roundup: BP’s $17.5B Writedown, ConocoPhillips’ Production

Oil & Gas Stock Roundup: BP’s $17.5B Writedown, ConocoPhillips’ Production

3 years ago
Global Body Oil Market 2020 to 2024 Playing Dynamic Role in Regions like

Global Oil Absorbers Market Size And Share 2020: With Top Manufacturers,

3 years ago
Russia’s Putin, Iraq’s al-Kadhimi back continued oil market cooperation:

Russia’s Putin, Iraq’s al-Kadhimi back continued oil market cooperation:

3 years ago
Global Transmiion Oil Pump Market 2020

Global Transmiion Oil Pump Market 2020

3 years ago
Oil and Gas Hose Market Growing Technically Offers High Revenue Growth

Oil and Gas Hose Market Growing Technically Offers High Revenue Growth

3 years ago

Oil Market

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Construction of Dangote oil refinery Africa’s largest nears completion

Construction of Dangote oil refinery Africa’s largest nears completion

July 31, 2020

Russia Oil Market

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

July 29, 2020
Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

July 28, 2020

Europe Oil Market

Oil rises further from 3-week lows, but headwinds loom amid pandemic

Oil rises further from 3-week lows, but headwinds loom amid pandemic

July 31, 2020
Shell posts $18billion loss in second quarter – News for the Oil and Gas

Shell posts $18billion loss in second quarter – News for the Oil and Gas

July 30, 2020
Path to net zero: European oil majors outpace US companies on climate goals

Path to net zero: European oil majors outpace US companies on climate goals

July 29, 2020
Oil price holds near four-month high amid bearish signals – News for the

Oil price holds near four-month high amid bearish signals – News for the

July 28, 2020
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 MarketFor Oil.com

No Result
View All Result
  • Home
  • Market
    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas

© 2020 MarketFor Oil.com