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$5.8 Billion Question: BP Backs Away from Green Energy—but Is Offshore Wind Still Worth It?

Rextag

What does BPs latest move in offshore wind mean for its renewable energy strategy? BP and Japanese power company JERA have announced a joint venture (JV) to create one of the worlds largest offshore wind operators. BPs Offshore Wind Pipeline: 9.7 GW in projects, and 4.5 GW in secured leases. Funding: BP will invest $3.25

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2023 Begins With Increased (or Unlimited) Liability for Vessel Owners

The Energy Law Blog

6] The last CPI adjustment occurred in 2019. 11] The Coast Guard is not responsible for adjusting OPA limits for offshore facilities (other than deepwater ports). 11] The Coast Guard is not responsible for adjusting OPA limits for offshore facilities (other than deepwater ports). 138.230). [10] 10] 87 Fed. 244, 283-84 & n.36

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Nigeria Oil Industry Overview

Drillers

Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. company has a 40-60 joint venture with the NNPC, which is the majority shareholder, and stakes in several offshore fields, including several deepwater blocks that have yet to be developed.

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Software Is the Missing Piece to Oil & Gas Digital Transformation

Coolfire Core

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. Similarly, accidents from pipeline leakage to oil spills can incur large fines and significant reputational damage.

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Possible Change to Jones Act Interpretations Regarding Coastwise Activities

The Energy Law Blog

Historically, the CBP (and its predecessor, the United States Customs Service) held that pipeline related equipment carried on a vessel and which was used in the activity in which the vessel was engaged ( i.e., used “on or from” the vessel) constituted “vessel equipment” rather than “merchandise”.

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U.S. Supreme Court Issues Major Environmental Decision Narrowing the Scope of the Clean Water Act

The Energy Law Blog

In 2019, the Trump administration repealed that rule and replaced it with a narrower definition, limiting jurisdiction to traditional navigable waters, their tributaries, lakes, and adjacent wetlands.

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Presidential Election 2020: Considerations for the Oil & Gas Industry

The Energy Law Blog

became “energy independent” and a net exporter of petroleum products in 2019. on an irreversible path to achieve a “100% clean energy economy,” with benchmark goals of doubling offshore wind production by 2030, de-carbonizing the electricity sector by 2035, and achieving net-zero emissions, economy-wide, by 2050. s energy sector.

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