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Liskow Obtains Victory for the Oil and Gas Industry in the Louisiana Third Circuit

The Energy Law

In a victory for the oil and gas industry, the Third Circuit rendered a decision rejecting attempts by the Louisiana Department of Revenue to impose severance taxes on crude oil production based on index pricing. The decision can be found here. Communications include firm news, insights, and events.

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Liskow Lawyers Obtain Win for Oil and Gas Industry in Severance Tax Litigation

The Energy Law

In a decision by the Louisiana Board of Tax Appeals, Liskow & Lewis attorneys Robert Angelico , Jim Exnicios , Cheryl Kornick , RJ Marse , and Jeff Birdsong obtained a ruling rejecting attempts by the Louisiana Department of Revenue to increase the amount of severance taxes due on crude oil produced in Louisiana.

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The Tiber Prospect Well: BP Makes Giant Oil Discovery Deep in the Gulf

The Energy Law

By Kerry Murphy On Wednesday September 2, BP drilled the world’s deepest oil well – the Tiber Prospect Well – and discovered a huge pool of crude oil. The Tiber well is located in the western Gulf of Mexico, southwest of New Orleans in U.S. The Tiber well is below 4,000 feet of water and more than 30,000 feet into the earth.

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Investment Opportunities in the Oil and Gas Sector

Nestoil

The benefit here lies in the high profitability associated with discovering and producing new oil and gas fields, especially when oil prices are high. Midstream Investments; Transportation and Storage : The midstream sector focuses on transporting and storing oil and gas from production sites to refineries and end-users.

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AI in Oil and Gas – A Game-Changer for Efficiency and Profitability

Aresco

AI solutions can process real-time data from drilling operations, offering instant recommendations to field workers and reducing human error. The future is AI-driven, and the oil and gas sector is poised to reap the benefits of this technological revolution. Be sure to follow Aresco on LinkedIn !

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U.S. Fifth Circuit Greenlights Contribution Action for Purely Economic Damages Under Oil Pollution Act (OPA)

The Energy Law

A tug owned by Marquette collided with an oil-carrying barge owned by Settoon as the Marquette tug attempted to overtake the Settoon flotilla. As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. Following the spill, the U.S.

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U.S. Supreme Court Rules that Punitive Damages Must Equal Compensatory Damages in Federal Maritime Law

The Energy Law

involved a class action that was filed by commercial fisherman and native Alaskans against Exxon and its tanker captain for economic losses suffered as a result of the now infamous Exxon Valdez oil spill that occurred in 1989. Baker, et al. Exxon spent $2.1