Force Majeure

East New Mexico and West Texas oil industry try to rebound with the price of oil hitting near $30 a barrel

Winds and floods are among the very reasons for the seldom-invoked force majeure provisions of your oil and gas leases, operating agreements, transportation agreements and other contracts.

Banda Aceh Struggles After Devastating Quake

Oil theft in Nigeria caused Shell to recently declare force majeure on its Forcados crude grade and continued sabotage could decrease May exports to the lowest levels in five years, which would make Angola the largest African oil exporter by volume. [Sweet Crude Reports] The long-awaited EPA rule to restrict carbon emissions from existing power… Keep reading →