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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360ยบ

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Algerias Sonatrach will increase hydrocarbon production by 2.5% Negotiations are underway with ExxonMobil and Chevron to boost exploration.

E&P 130
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Overturning 8 Years of โ€œPalpable Error,โ€ The Louisiana Supreme Court Limits Damages Available to Landowners in Oilfield Legacy Litigation

The Energy Law Blog

The โ€œ LL&E II โ€ decision finds that Act 312 charges the court, not the jury, to determine the funding needed to remediate property to government standards. Louisiana Land and Exploration Co., 2020-00685 (La. 3d โ€” (โ€œ LL&E II โ€). [1]. Background of Legacy Litigation and LL&E I . LL&E II , at *2.

E&A 105
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Strategies for Operators to Stay Ahead in a Hot M&A Market

Enverus

1] In order for private and mid-sized operators to stay competitive in todays market, operators should explore opportunities in less consolidated basins, consider joint ventures or position themselves as attractive acquisition targets. 1] A high price for an asset in the Permian is no surprise, as high-quality inventory is scarce.

Operator 130
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BSEEโ€™s Updated Decommissioning Rules Address RUEs and Formalize Predecessor Enforcement Practices

The Energy Law Blog

What started in 2020 as a proposed joint rulemaking between the DOIโ€™s Bureau of Safety and Environmental Enforcement (โ€œBSEEโ€) and Bureau of Ocean Energy Management (โ€œBOEMโ€) was recently finalized as a stand-alone BSEE rule addressing decommissioning. 250.1700, et seq. BSEE added a new paragraph (c) to 30 C.F.R.

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Overturning 8 Years of โ€œPalpable Error,โ€ The Louisiana Supreme Court Limits Damages Available to Landowners in Oilfield Legacy Litigation

The Energy Law Blog

The โ€œ LL&E II โ€ decision finds that Act 312 charges the court, not the jury, to determine the funding needed to remediate property to government standards. Louisiana Land and Exploration Co., 2020-00685 (La. 3d โ€” (โ€œ LL&E II โ€). [1]. Background of Legacy Litigation and LL&E I . LL&E II , at *2.

E&A 52
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Latest Version of Louisiana Property Protection Bill Grants an Exception to Oil and Gas Investment By Companies Controlled By Countries Deemed a โ€œForeign Adversaryโ€

The Energy Law Blog

billion dollarsโ€™ worth of holdings in 2020. As of June 7, 2023, a bill aiming to prohibit entities controlled by โ€œforeign adversariesโ€ from buying, leasing, or otherwise acquiring immovable property in the state has passed both the Louisiana House and Senate and is now awaiting the Governorโ€™s approval. Sponsored by Rep.

Oil 98
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U.S. Customs Revokes Recent Offshore Wind Ruling; Maintains Uncertainty Whether the Jones Act Applies to Wind Farm Installations on the OCS

The Energy Law Blog

On July 15, 2020, the Unites States Customs and Border Protection (โ€œCBPโ€) issued a ruling (HQ H309672) in connection with the installation of an offshore wind farm located off the coast of Rhode Island and Massachusetts in U.S. territorial waters (the โ€œJuly 15 Rulingโ€). 55102) (or the Passenger Vessel Services Act (46 U.S.C. 1333(a)(1).