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a provider of hydrogen engines and fueling solutions enabling e-mobility, has completed the acquisitions of United Hydrogen Group Inc. These acquisitions are in line with the company’s vertical integration strategy in the hydrogen business laid out in September of 2019 with plans to have more than 50% of the […]. and Giner ELX.
2019 was a year of innovation and collaboration at Coolfire. Before we turn the page on the year, lets take a look back at our top 5 blog posts from 2019. While the price-per-barrel of oil has recovered since the staggering lows of 2016, its down again from earlier 2019 highs, and may not reach $100/barrel any time soon.
The 2019 Private Target Mergers & Acquisitions Deal Points Study was recently released by the Business Law Section of the American Bar Association. Copies of the study are available to ABA members on the ABA website, click here. These new data points are flagged for the reader.
Fingerprints Effective January 1, 2019, Louisiana Senate Bill 416 requires all investment adviser representative (“IAR”) applicants to submit fingerprints for a criminal background check to the Louisiana Commissioner of Securities. ADV Amendments Advisers must file their annual Form ADV Amendment by March 31, 2019. 51:703(D)(5).
Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent. While major gas deposits were found in the Outeniqua Basin in 2019 and 2020, operational challenges have impacted development. Algerias Sonatrach will increase hydrocarbon production by 2.5%
In 2019, the National Energy Technology Laboratory published a study titled “Life Cycle Greenhouse Gas Perspective on Exporting Liquefied Natural Gas from the United States: 2019 Update.” [1] from and/or to a foreign country to first obtain an authorization from the United States Department of Energy. Under the provisions of H.R.
The proposal comes in the wake of a recent analysis commissioned by the Environmental Defense Fund, which found that oil and gas operators in Louisiana wasted over $16 million worth of gas in 2019 through venting and flaring alone, among other findings. Communications include firm news, insights, and events.
In 2019, North Carolina passed legislation similar to Act 301 in Louisiana, requiring the state regulatory agency to enact regulations addressing decommissioning of utility-scale solar projects. [6] Solar development is largely in its infancy in Louisiana, with only a handful of projects having been constructed to date.
In December 2019, to protect endangered sea turtles, the NMFS promulgated a rule requiring a TED on all skimmer trawlers over 40 feet in length, including those operating in state waters. This requirement was to go into effect on August 1, 2021. After the temporary injunction expired, Louisiana and the NMFS moved for summary judgment.
The permit was issued under the Clean Water Act in March 2019 – the same year the project received FERC approval – and will allow construction crews to “clear, grade, excavate and place fill material” on site to build the plant, which is being built on a 1,000-acre site on the west bank of the Calcasieu River, south of Lake Charles. [1]
When the Vessel arrived off the Mississippi River in February 2019, things went awry. In July 2019, Tongli initiated London arbitration proceedings against time charterer Bunge seeking indemnification for the settlement. On June 2, the U.S. Property of the defendant within the district is then subject to seizure. Bunge appealed.
19-2497, 2019 WL 3283138, 2019 WL 3291014 (E.D. July 22, 2019). 19-2497, 2019 WL 3283138 (E.D. July 22, 2019). 19-2497, 2019 WL 3291014 (E.D. July 22, 2019). Caluda, APLC, et al v. The City of New Orleans , Linebarger, Goggan, Blair & Sampson, L.L.P, Caluda, APLC, et al v. Caluda, APLC, et al v.
In response, the Texas Legislature passed Texas Natural Resources Code § 122.002 on September 1, 2019, which grants title to produced water to whoever takes possession of it for the purpose of treating it for subsequent beneficial use, unless a conveyance instrument expressly provides otherwise. But more than minerals are released.
6] The last CPI adjustment occurred in 2019. On September 2, 2019, a fire broke out aboard the dive boat CONCEPTION while it was anchored off the coast of Santa Cruz Island, California. First, the Coast Guard announced [1] increases to the liability limits in the Oil Pollution Act of 1990 (“OPA”). [2]
On January 3, 2019, the M/V STRANDJA and the M/V KIEFFER E. The KIEFFER E. A collision resulted due to the STRANDJA being outside of the anchorage and not adequately communicating with the KIEFFER E. The KIEFFER E. Navigation Maritime Bulgare JSC, et al. , BAILEY collided on the Mississippi River. 4 1 87 F.4th
Top Louisiana Advisers Ranked by Assets under Management Top Louisiana Advisers Ranked by Number of Accounts SEC Issues New Proxy Guidance for Advisers On August 21, 2019, the SEC issued new guidance on the voting of proxies by investment advisers.* There is a total of 55 advisers registered with the SEC in Louisiana.
For nearly three years, unit operators in Louisiana have waited to see whether the Western District of Louisiana would change course or double down on its March 2019 decision in Johnson v. Chesapeake. BPX Operating Co., The district court recognized this was a res nova issue for which there was no authority directly on point.
In 2019, the Court heard Burlington Res. 2019), reh’g denied (May 31, 2019). One aspect of royalties that gets a significant amount of attention from Texas royalty owners is post-production costs. NationsBank , 939 S.W.2d 2d 118, 120-21 (Tex. Two decades later, the Court touched on this issue again. Chesapeake Expl.,
A 2019 analysis of upcoming projects in the floating offshore wind market showed a vast majority of floating offshore wind farms will be installed on semi-submersible platforms. [2] 4] Royal Dutch Shell increased its presence in the area through its acquisition of floating wind specialist, Eolfi, in November 2019. [5]
1] The Internal Revenue Service (“ IRS ”) now has published guidance on how refunds attributable to the newly-permitted 5-year carryback of NOLs in section 172 of the Internal Revenue Code (the “ Code ”) and the accelerated use of AMT Carryforward Credits in section 53(e) of the Code can be obtained.
However, if the current trend continues, the Haynesville could approach its prior peak production average in early 2019. El Paso E & P Co. , El Paso E & P Co. , The chart below depicts Haynesville shale dry natural gas production averages from January 2009 to August 2018 in billion cubic feet per day. Twin Cities Dev.
Sandhill never managed to stop the leak, and it abandoned the well in August 2019. In 1993, the State of Louisiana enacted the Oilfield Site Restoration Law (“OSRL”) with the goal of cleaning up and closing orphaned oilfield sites through the use of the Oilfield Site Restoration Fund (the “Fund”). 30:80 et seq. who last operated the property.
In 2019, North Carolina passed legislation similar to Act 301 in Louisiana, requiring the state regulatory agency to enact regulations addressing decommissioning of utility-scale solar projects. [6] Solar development is largely in its infancy in Louisiana, with only a handful of projects having been constructed to date.
On May 28, 2019, United States District Judge Martin Feldman issued a sixty-four page Order and Reasons which granted motions to remand filed by Plaquemines Parish and the State of Louisiana in The Parish of Plaquemines v. Riverwood Production Co.,
July 1, 2019). Below we take a closer look at each category of lawsuits and provide an update on where they stand today. The states of New York and Massachusetts, through their Attorney General, each filed a suit against Exxon Mobil Corporation asserting investor fraud related claims. People by James v. Exxon Mobil Corp. , 3d 1233(A), 1 (N.Y.
Ct. —, 2019 WL 1245520 (U.S. March 19, 2019), the U.S. In Air & Liquid Systems Corp. Devries , No. 17-1104, — S. Justice Kavanaugh wrote the opinion for a 6-3 court, with Justices Gorsuch, Thomas, and Alito dissenting. Bare Metal” Products at Issue In Air and Liquid Systems Corp v. Supreme Court granted certiorari in this case.
On March 21, 2019, the U.S. District Court for the Western District of Louisiana held that a unit operator may not recover post-production costs from an unleased mineral owner’s share of production proceeds in Allen Johnson, et al. Chesapeake Louisiana, LP. [1] 2] The UMOs argued that La. Chesapeake Louisiana, LP. [1] 8] However, La.
18-5217, 2019 WL 2271118 (E.D. May 28, 2019). 18-677, 2019 WL 4734394 (W.D. 26, 2019), —F. In May 2018, oil and gas industry defendants removed a docket of 42 cases alleging violations of Louisiana’s coastal zone management laws to federal court in the Eastern and Western Districts of Louisiana (“CZM cases”).
This convergence is becoming even more critical in the transportation industry as we begin to see the rise of e-mobility devices such as electric bikes, scooters, and buses. It is estimated that global e-mobility device revenue is expected to grow to $489.3 from 2019 to 2025. billion by 2025, a CAGR of 21.6%
On Friday, March 29, 2019, the City of New Orleans filed a lawsuit in Civil District Court against eleven oil and gas companies seeking damages for alleged harm to Louisiana’s coastal wetlands. LMOGA vehemently disagrees with the decision to outsource responsibility for enforcing state and local permitting laws to private lawyers.”
The Supreme Court’s rare dismissal of a previously granted cert petition means that the justices have declined to reconsider the Fifth Circuit’s decision refusing to send the underlying dispute to arbitration. This is now the second time this case has been before the Supreme Court on issues of arbitrability.
A 2019 analysis of upcoming projects in the floating offshore wind market showed a vast majority of floating offshore wind farms will be installed on semi-submersible platforms. [2] 4] Royal Dutch Shell increased its presence in the area through its acquisition of floating wind specialist, Eolfi, in November 2019. [5]
After starting in October and November 2019 The global impact of the COVID-19 pandemic spread around the world in the first few months of 2020. Once we go back to the new normal we expect that each E&P company will decide which is the most suitable for their needs, in-person or virtual? Necessities include food, shelter and energy.
Though EOs have until May 15, 2019 to file their 2018 returns and remit any taxes owed to the federal government, there is a time-limited opportunity for some EOs to change their parking policy prior to March 31, 2019 and minimize the amount of parking tax owed.
Privacy Policy: By subscribing to Liskow & Lewis’ E-Communications, you will receive articles and blogs with insight and analysis of legal issues that may impact your industry. The Third Circuit reaffirmed that severance taxes should be based on the “gross proceeds” obtained in an arm’s length sale at the lease.
2003) (“the regulations govern the parties’ joint and several liabilities vis-à-vis the Government not amongst themselves”) and Total E&P USA, Inc. Sojitz Energy Venture, Inc. Union Oil Co. of California , 394 F. 3d 687 (S.D. The only lessee of the Outer Continental Shelf leases at issue in Sojitz was UNOCAL. Parker Drilling Co. ,
1] This Release is part of a package of new rules and interpretations adopted by the SEC on June 5, 2019. The June 5 Releases Today we focus on the new SEC interpretative release on the fiduciary duties of investment advisers and provide a brief summary of its contents (“ The Fiduciary Duty Release ”). [1]
Oral argument before the Texas Supreme Court is scheduled for October 8, 2019. Privacy Policy: By subscribing to Liskow & Lewis’ E-Communications, you will receive articles and blogs with insight and analysis of legal issues that may impact your industry. Enterprise Products Partners, L.P. ,
While the Court is no stranger to interpreting (and often muddling) the familiar royalty clause interpretation questions surrounding the first issue, in a case of first impression, the Court also analyzed the breadth of a lease’s free-use clause. If not superseded, BlueStone would be permitted to deduct post-production costs. 3d 198, 211 (Tex.
While the Court is no stranger to interpreting (and often muddling) the familiar royalty clause interpretation questions surrounding the first issue, in a case of first impression, the Court also analyzed the breadth of a lease’s free-use clause. If not superseded, BlueStone would be permitted to deduct post-production costs. 3d 198, 211 (Tex.
billion in 2019 annual revenues. Maximum loan size is the lesser of (i) $25 million or (ii) an amount that, when added to the borrower’s existing outstanding and committed but undrawn debt, does not exceed four times the Eligible Borrower’s 2019 earnings before interest, taxes, depreciation, and amortization (“EBITDA”).
The Court of Appeal reversed, and the Texas Supreme Court heard argument in the case on October 8, 2019. The Texas Supreme Court issued an opinion today in Energy Transfer Partners, L.P Enterprise Products Partners, L.P., a case previously featured on the Blog.
2019-C-00749, the Louisiana Supreme Court granted writs to address the res nova issue of whether the “punishment for contempt of court” statute, La. Jackel International Ltd. , 13:4611, authorizes the imposition of attorney fees against a party not adjudged guilty of contempt. In the district court, Plaintiff, Luv n’ care, Ltd. (“LNC”),
Enterprise Offshore Drilling LLC, 2019 WL 2515307 (Jun. Smart Fabricators of Texas, LLC , 970 F.3d 3d 550, a three-judge panel of the United States Fifth Circuit Court of Appeal held on August 14, 2020, that seaman status under the Jones Act may apply to an injured welder on a jack-up oil rig adjacent to an inland pier. 1349(b)(1).
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