On November 23, 2021, as the price for West Texas Intermediate (WTI) crude oil hit $78.50 per barrel, U.S. President Joe Biden issued an order to the U.S. Department of Energy (DOE) to release 50 million barrels of oil from America’s Strategic Petroleum Reserve (SPR). Concerned about his declining...
The global oil market faces a number of challenges in its efforts to meet the growing demand for energy in profitable and sustainable ways. A current undersupply of oil in the market is a major contributor to rising oil and gas prices. And, as operators strive to increase their...
The employment picture for 2022 remains cloudy thanks to mutations of COVID-19, most recently with the omicron variant. Since March 2020, prognosticators have tried to pinpoint when things will return to normal or, failing that, what the new normal will look like. While no definitive answers are available, pieces...
Many oil and gas companies have recognized the need for faster and more efficient business processes to compete in a more technology-driven world. Acting as a catalyst in this technological transformation are Environment, Health, and Safety (EHS) and Environmental, Social and Governance (ESG) programs. With a heightened global focus...
Among the readership of this magazine are numerous oil and gas royalty owners. The April filing date for individuals will soon be upon us. In this article, we are going to discuss practical income tax considerations of owning royalty interest in oil and gas. This article will not be...
Three of the world’s biggest oil companies — BP, TotalEnergies and Shell — won acreage in Scotland’s biggest offshore wind power tender in January. This should have pleased their ESG shareholders, who have been pushing for greater climate-related commitments. But let’s pause for a moment.
ESG is an abbreviation that’s...
Following years of experience in the hospitality industry, my brother, Preet Paul, and I had a bank of knowledge when it comes to what customers want, what restaurants are offering and what we could do differently to truly shake up the industry. After traveling to hotspots around the world...
Do you know your vitamin D level? Most likely, this is not a question you’ve been asked very often. But, with the seemingly neverending COVID pandemic, it is one you should find the answer to.
Depending on the source, it is estimated that anywhere from one-quarter to three-quarters of the...
As the year 2022 begins, the U.S. domestic oil and gas industry stands poised for a major boom year. The Baker Hughes active rig count rose back above 600 in January, still well below the highs of 2016 through 2019, but a far healthier level than the depths under...
It is an observable truism that rejecting a reality does not result in removing that reality; it only makes the person doing the rejecting look ridiculous. One wonders if, years from now, social commentators will scratch their heads in confusion regarding our concerted and seemingly relentless effort to refuse...
