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Media missives from Gastech 2024

Oilholics Synonymous Report

Hardeep Singh Puri, Minister of Petroleum & Natural Gas, India and Chris Ashton, CEO of Worley. The final broadcasting call before departing was with the BBC, with this blogger's week out in Houston peppered with plenty of other missives via the keyboard for Forbes, and of course via this blog.

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Latest Version of Louisiana Property Protection Bill Grants an Exception to Oil and Gas Investment By Companies Controlled By Countries Deemed a “Foreign Adversary”

The Energy Law

However, HB 537 provides an exception for those “adversary” entities who have already been conducting oil and gas operations in the state. On its face, such a sweeping ban on the acquisition of immovable property by foreign corporations in Louisiana could have the potential to negatively affect the state’s future in oil and gas industry.

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Texas Supreme Court Holds that References to “One-Eighth” in Old Oil and Gas Conveyances Presumptively Refer to the Entire Mineral Estate

The Energy Law

In the context of antiquated oil and gas conveyances including a double fraction that includes “one-eighth,” the Court affirmed this principle by holding that such language gives rise to a rebuttable presumption that “one-eighth” refers to the entire mineral estate. Element Petroleum Props., Dawkins , 483 S.W.3d 11-21-00103-CV (Tex.

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A Key Resource For Structuring Oil & Gas Joint Operations

The Energy Law

This article has become a key resource for those structuring oil and gas joint operations (such as farmout transactions) from a business and tax perspective and for those petroleum accountants who are charged with reporting the financial and tax accounting results of such operations.

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Oil Majors’ Commitment to Net-Zero Emissions Leads to Investments in Wind Energy

The Energy Law

and European major oil companies are beginning to re-evaluate their business structure and investment strategies in light of the current financial, legal, and social climate. BP, which rebranded itself as “Beyond Petroleum” in 2000, announced in February of this year its plans of becoming a net-zero emissions company by 2050.

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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. As is common in deep-water operations, it will take years of work and millions of dollars before oil can be drawn from the well.

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Proposed EPA Rules Would Subject Oil and Gas Sources to Mandatory Reporting of Greenhouse Gas Emissions

The Energy Law

On March 22, 2010, EPA announced proposed rules to amend the Mandatory Reporting of Greenhouse Gases Rule to cover additional sources including petroleum and natural gas facilities emitting 25,000 metric tons or more of greenhouse gas emissions.

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