Remove Abandonment Remove Finance Remove Oil
article thumbnail

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

The Energy Law

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.

article thumbnail

A note on the news – Decision time: For Europe – and others

Oil & Gas 360º

(Oil & Gas 360) – After World War II, the US established a new rules-based liberal international order dominated by new liberal democracies. With the three largest oil producers in one room, oil markets and sanctions were probably discussed. The US will not abandon Europe. NATO will be strengthened.