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Murphy Oil to acquire BW Pioneer FPSO in Gulf of America for $125 million

Oil & Gas 360ยบ

(World Oil) –Murphy Oil Corporation today announced that a subsidiary has signed a Sales & Purchase Agreement (SPA) to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore. Hambly, President and CEO of Murphy Oil.

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Offshore Companies Face Surge in BSEE Enforcement Actions and Penalties

The Energy Law

In recent years, offshore companies have witnessed a marked uptick in the number of enforcement actions undertaken by the Bureau of Safety and Environmental Enforcement (BSEE). [1] BSEE has also begun to target offshore contractors, who, until recently, have not faced exposure to agency enforcement actions. See Island Operating Co.,

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Oil Majorsโ€™ Commitment to Net-Zero Emissions Leads to Investments in Wind Energy

The Energy Law

and European major oil companies are beginning to re-evaluate their business structure and investment strategies in light of the current financial, legal, and social climate. Given the advantages and opportunities, oil companies are investing in wind power as they move into the realm of renewable energy. homes for a year.

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Federal Offshore Pipeline Decommissioning in BOEM Significant Sediment Resource Areas

The Energy Law

In recent years, there has been an increase in the number of denials of applications to decommission offshore pipelines in place in a departure from the Bureau of Safety and Environmental Enforcementโ€™s (โ€œBSEEโ€) longstanding practices. that, if left in place, would hinder other users of the OCS.โ€ 250.1700(b). million cubic yards).

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Wind Energy Development in the Gulf of Mexico

The Energy Law

This is the first in a series of articles in which Liskowโ€™s offshore team will discuss the regulatory framework for wind energy projects in federal waters and highlight legal issues pertinent to this dynamic area. To date, the development of offshore wind in federal waters has largely been limited to the east coast. 556.400; 30 C.F.R.

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Interior Considers Appeal of Kerr-McGee Decision

The Energy Law

By Jason Johanson On Friday, March 6, 2009, Interior Secretary Ken Salazar stated that the agency is considering an appeal to the United States Supreme Court of the decision in Kerr-McGee Oil & Gas Corp. 3d __, 2009 WL57883 (5th Cir. Department of the Interior , __ F.3d

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Secretary Salazar Details Strategy for Comprehensive Energy Plan on OCS

The Energy Law

On February 10, 2009, United States Secretary of the Interior Ken Salazar detailed a four-part strategy to establish a comprehensive offshore energy plan. Finally, Salazar announced that in the coming months he will issue a final rulemaking on offshore renewable energy resources.