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BP’s Big U-Turn: Why Is the Energy Giant Returning to Oil and Gas? Shell, Equinor, and Exxon Are Making the Same

Rextag

Can BP maintain its vision of a low-carbon future while doubling down on oil and gas? BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. The company aims to boost daily oil and gas production to between 2.3

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Renewable Energy Efforts Highlighted in Draft Plan to Reduce Greenhouse Gas Emissions in Louisiana

The Energy Law

Governor Edwards’ Climate Initiatives Task Force, charged with making recommendations to reduce greenhouse gas emissions originating in Louisiana, recently took another step towards that goal. This document contains proposed strategies and specific actions across several priority areas to be considered in reducing greenhouse gas emissions.

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Louisiana Third Circuit Affirms that LDNR Can Only Recover Emergency Response Costs Under La. R.S. 30:93(A)(4) from the Operator of Record and its Working Interest Owners

The Energy Law

In Litel Explorations, LLC v. and Gary Production Company were named as prior operators of the G.A. The Lyon Well was leaking in 2018, which prompted the LDNR to task the current operator (Sandhill Production, Inc.) Sandhill never managed to stop the leak, and it abandoned the well in August 2019. Aegis Development Co.,

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Survey of Proposed Legislation Across the States Affecting the Energy Industry in 2021

The Energy Law

With topics ranging from offshore oil and gas moratoriums to restrictions on natural gas flaring and venting, the following is an overview of notable energy legislation to be heard in state legislatures this year. Ron Reynolds, make up a two-fold strategy to limit natural gas flaring and venting in the state. [1]

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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

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.

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

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. The party’s co-lessee has an issuer credit rating or proxy credit rating that meets the criteria in (1) above; Or.

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It’s Heating Up: United States Supreme Court Hears Arguments on Proper Jurisdiction for Climate-Change Lawsuit

The Energy Law

Additionally, Justice Kagan asked counsel for the Federal Government (arguing in support of the energy companies’ position) whether an appellate court can review a remand order if the removing party abandons its federal officer removal in favor of focusing on its other grounds for removal.

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