2019 Offshore Royalty 
Drillers
MARCH 24, 2020
Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. Chevron has stakes in both onshore and offshore fields through a JV with NNPC that has the same percentage distribution as Exxon’s. million BPD as of November 2019.
The Energy Law
MARCH 11, 2020
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. UNOCAL also reserved a 3% overriding royalty.
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The Energy Law
JUNE 17, 2021
Further, offshore Lease Sales 257 and 258, which were included in the Five-Year Program that was approved under the Outer Continental Shelf Lands Act (“OCSLA”), were both canceled. It is also possible that Interior could take steps to amend the Five-Year Program to modify the offshore lease sale schedule. Trump , 363 F. 3d 1013 (D.
The Energy Law
JUNE 17, 2021
Further, offshore Lease Sales 257 and 258, which were included in the Five-Year Program that was approved under the Outer Continental Shelf Lands Act (“OCSLA”), were both canceled. It is also possible that Interior could take steps to amend the Five-Year Program to modify the offshore lease sale schedule. Trump , 363 F. 3d 1013 (D.
The Energy Law
JUNE 17, 2021
Further, offshore Lease Sales 257 and 258, which were included in the Five-Year Program that was approved under the Outer Continental Shelf Lands Act (“OCSLA”), were both canceled. It is also possible that Interior could take steps to amend the Five-Year Program to modify the offshore lease sale schedule. Trump , 363 F. 3d 1013 (D.
The Energy Law
OCTOBER 26, 2020
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.
The Energy Law
OCTOBER 26, 2020
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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