Remove Abandonment Remove Exploration and Production Remove Offshore
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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

BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. To optimize profits, the company will focus on significant oil and gas projects, production expansion, and strategic asset divestments. million and 2.5 million barrels per day by 2030.

Oil 40
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Renewable Energy Efforts Highlighted in Draft Plan to Reduce Greenhouse Gas Emissions in Louisiana

The Energy Law

Actions under strategy 9 center around drafting new legislation to increase the plugging of abandoned and orphaned wells. Carbon capture can use a variety of techniques to remove emissions from industrial and power production operations post-combustion. Noteworthy actions include: ACTION 5.6 Noteworthy actions include: ACTION 5.6

Energy 52
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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. In South Carolina, the subject of offshore oil and gas activities is again poised for debate. Senate Bill 119 ( S.

Energy 40
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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.

E&P 40
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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

The net present value of proved reserves on the lease is less than or equal to three times the cost of the BSEE decommissioning estimate associated with production of those reserves; Or. Proposed Regulations – The proposed regulations would make several changes with respect to these abandonment accounts.