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Operators May Earn and Sell Carbon Credits for the P&A of Inactive, Shut-in, or Temporarily Abandoned Wells

The Energy Law Blog

The carbon credit market continues to evolve as oil and gas companies face increasingly stringent regulations to reduce greenhouse gas emissions. Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. Well Eligibility. Additionality.

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FIFTH CIRCUIT BEGINS TO CLEAN UP ITS JURISPRUDENCE ON HOW TO DETERMINE WHETHER A CONTRACT IS (OR IS NOT) MARITIME

The Energy Law Blog

Gulf Oil Corp. , [1] for determining whether a contract to perform services related to oil & gas exploration on navigable waters is maritime, the Fifth Circuit took up In re Larry Doiron, Incorporated [2] earlier this year in an effort to streamline the test and bring clarity to an area of the law mired in uncertainty.

E&P 40
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BEYOND VIDEO-CONFERENCING and TECHNICAL FACILITATION SERVICE

Drillers

The process of building a nuclear power station, wind farm, hydroelectric turbine or oil well can take years. x has stood for Drilling, Logging, Supplying and Abandonment so far!). Once we go back to the new normal we expect that each E&P company will decide which is the most suitable for their needs, in-person or virtual?

E&P 52
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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law Blog

In addition, the proposed regulations provide that BOEM would also consider the proved oil and gas reserves on the lease and the financial strength of predecessors in determining whether additional security was required. Proposed Regulations – The proposed regulations would make several changes with respect to these abandonment accounts.

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law Blog

In addition, the proposed regulations provide that BOEM would also consider the proved oil and gas reserves on the lease and the financial strength of predecessors in determining whether additional security was required. Proposed Regulations – The proposed regulations would make several changes with respect to these abandonment accounts.