article thumbnail

Fifth Circuit to Hold Oral Argument in Sojitz v. UNOCAL in April 2020

The Energy Law

Last year, in another dispute over who should bear the cost of decommissioning offshore facilities, the Southern District of Texas held that a former sub-assignee of offshore operating rights was entitled to equitable subrogation from the record title owner and initial assignor. Sojitz Energy Venture, Inc. Union Oil Co. 3d 687 (S.D.

Royalty 52
article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2003-N06, which was itself replaced by NTL No. To provide guidance on this issue, from 1998 through 2016, BOEM (and its predecessor) issued four NTLs, with each subsequent NTL replacing the prior NTL. This first of such NTLs, NTL No. 98-18N, was replaced by NTL No. Historically, under NTL No.

article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2003-N06, which was itself replaced by NTL No. To provide guidance on this issue, from 1998 through 2016, BOEM (and its predecessor) issued four NTLs, with each subsequent NTL replacing the prior NTL. This first of such NTLs, NTL No. 98-18N, was replaced by NTL No. Historically, under NTL No.