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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% Algerias Sonatrach will increase hydrocarbon production by 2.5%
Kicking off the first large Permian deal of 2025, Diamondback Energy acquired part of the assets of Double Eagle IV for $4.1 Strategic approaches such as improving capital efficiency, turning towards natural gas, exploring less consolidated basins and leveraging partnerships can provide a path forward. million per location. [2]
What started in 2020 as a proposed joint rulemaking between the DOI’s Bureau of Safety and Environmental Enforcement (“BSEE”) and Bureau of Ocean Energy Management (“BOEM”) was recently finalized as a stand-alone BSEE rule addressing decommissioning.
Louisiana Land and Exploration Co., 2020-00685 (La. Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. Louisiana Land and Exploration Co., The Energy Law Blog will explore the import of the prescription ruling in a separate post. State of Louisiana v. 6/30/2021); — So.
Several pieces of energy-industry legislation are teed up for debate as state legislatures reconvene for their first sessions of 2021. 6] A previous version of the bill was almost unanimously passed by the legislature on January 4, 2020 (vote of 145-9 in the House, 38-2 in the Senate). 1] [link]. [2] 2] [link]. [3] 3] [link]. [4]
billion dollars’ worth of holdings in 2020. With the state’s future so thoroughly reliant on oil and gas exploration and production, legislation aimed at blocking entities that could otherwise be willing and able to participate in the state’s energy industry could seem ill-advised.
Yesterday, the United States Supreme Court heard oral arguments in the climate change lawsuit filed by the City of Baltimore in 2018 against energy companies. This case is one of a number of cases brought by states, cities, and other municipalities against energy companies alleging that the companies contributed to climate change.
On July 15, 2020, the Unites States Customs and Border Protection (“CBP”) 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 “July 15 Ruling”). 55102) (or the Passenger Vessel Services Act (46 U.S.C. 1333(a)(1).
BlueStone primes the Court to resolve a Texas appellate court split regarding whether a lease provision requiring royalties to be paid based on “gross” profits or value received from the sale of oil and gas production nullifies an “at the well” valuation point elsewhere in a lease. Crude Energy, LLC , 573 S.W.3d 2d at 120-21.
Louisiana Land and Exploration Co., 2020-00685 (La. Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. Louisiana Land and Exploration Co., The Energy Law Blog will explore the import of the prescription ruling in a separate post. State of Louisiana v. 6/30/2021); — So.
Still, market watchers see the move as part of a larger trend: investors pushing traditional energy companies to maximize immediate shareholder returns rather than spending heavily on lower-carbon initiatives that may take years to pay off. Renewable Natural Gas (RNG) : Archaea Energy started up nine new RNG plants in the U.S.,
In the next few days, the Bureau of Ocean Energy Management (BOEM) will publish in the Federal Register a Proposed Rule that would result in a significant change on how the agency regulates air emissions from oil and gas operations on the Outer Continental Shelf (OCS), in the Central and Western Gulf of Mexico (GOM). Proposed Rule, p.
Riverwood Production Company, et al. (“ Riverwood ”), No. According to defendants, the Report shows, for the first time, that plaintiffs allege damages based on World War II-era exploration and production activities that were controlled, directed, and regulated by the federal government. 18-5217, 2019 WL 2271118 (E.D.
The Bureau of Ocean Energy Management (“BOEM”) and the Bureau of Safety and Environmental Enforcement (“BSEE”) recently issued a proposed rule on Risk Management, Financial Assurance and Loss Prevention (“Proposed Rule”), which was published in the Federal Register on October 16, 2020 and is now open for public comment.
As we step into 2025, reflecting on the turbulent, transformative energy landscape of 2024 is essential. This year was marked by breakthroughs in renewable energy, the resilience of fossil fuels, geopolitical turbulence, and heated debates over decarbonization. Geopolitical tensions amplified the focus on energy security.
133 ”), which was signed into law by former President Trump on December 27, 2020, contains notable bipartisan energy initiatives, ranging from new and extended tax incentives to government programs for research and development for CCS projects. The Consolidated Appropriations Act 2021 (“ H.R.
economy, its energy independence, and its diplomatic relations. The 2020 Presidential candidates, Republican Donald Trump and Democrat Joe Biden, have divergent positions on U.S. The 2020 Presidential candidates, Republican Donald Trump and Democrat Joe Biden, have divergent positions on U.S. energy independence and dominance.
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