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New IRS Revenue Ruling Provides Opportunities for Financing Carbon Capture Equipment

The Energy Law

On July 1, 2021, the Internal Revenue Service published Revenue Ruling 2021-13 , which provides guidance on three important issues related to the income tax credit for carbon oxide sequestration found in section 45Q of the Internal Revenue Code.

Finance 59
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Wind Energy Development in the Gulf of Mexico

The Energy Law

The Bureau of Ocean Energy Management (BOEM), a sub-agency within Interior, promulgated regulations in 2009 which set forth the procedure for leasing, siting, construction, and operation of offshore wind projects. The Construction and Operations Plan for this project was approved by BOEM in 2021. federal waters. federal waters.

Energy 98
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U.S. DEPARTMENT OF INTERIOR ISSUES 60-DAY MORATORIUM ON FEDERAL LEASING AND DRILLING PERMITS

The Energy Law

Following through with President Biden’s campaign promise to halt oil and gas drilling on federal lands, on January 20, 2021, the Acting Secretary of the U.S. The Order, however, does not limit oil and gas operations under valid leases, so previously approved activities and operations can continue.

Oil 76
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Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

5/25/21), 2021 WL 2102932, —So. for alleged damage to its property arising out of Chevron’s and its predecessor’s oil and gas operations in the Sardine Point Field from 1959 through 1991. To finance the sale, lenders also required Lexington Land to hire a consultant to prepare environmental assessments of the property.

Casing 59
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Oil Review Middle East - Untitled Article

Oil Review Middle East

We are also adopting and deploying AI technologies and solutions at scale across our operations, unlocking greater efficiencies and value creation throughout our business. The Marjan and Berri increments are expected to be onstream in 2025, with the Zuluf field increment scheduled to follow in 2026 and the second phase of Dammam in 2027.

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Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

5/25/21), 2021 WL 2102932, —So. for alleged damage to its property arising out of Chevron’s and its predecessor’s oil and gas operations in the Sardine Point Field from 1959 through 1991. To finance the sale, lenders also required Lexington Land to hire a consultant to prepare environmental assessments of the property.

Casing 52
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Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

5/25/21), 2021 WL 2102932, —So. for alleged damage to its property arising out of Chevron’s and its predecessor’s oil and gas operations in the Sardine Point Field from 1959 through 1991. To finance the sale, lenders also required Lexington Land to hire a consultant to prepare environmental assessments of the property.

Casing 52