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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Offshore infrastructure projects are also advancing, including Enis Structures A&E Project, which channels gas from two fields to the Mellitah treatment plant.

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Texas Supreme Court Holds That Production Payments Were Properly Withheld as a Matter of Law When a Future Event Could Have Affected Distribution of Those Payments

The Energy Law

In Freeport-McMoRan Oil & Gas LLC v. The dispute originated from certain joint operating agreements executed by Ovintiv and 1776 Energy, under which Ovintiv was the operator, to develop and produce minerals from oil and gas leases in Karnes County, Texas. 1776 Energy Partners, LLC , โ€” S.W.3d 22-0095, 2023 WL 3556695 (Tex.

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Force Majeure Clause Fails to Protect Oil and Gas Lessee From Mistakenly-Scheduled Deadline

The Energy Law

2023), the Texas Supreme Court held that the lessee could not invoke a force majeure clause to save its oil and gas leases when it inadvertently scheduled its operations to begin after the requisite deadline. The lessee, MRC Permian Company, received four identical oil and gas leases from certain lessors in 2014.

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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 โ€œForeign Adversaryโ€

The Energy Law

However, HB 537 provides an exception for those โ€œadversaryโ€ 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 stateโ€™s future in oil and gas industry.

Oil 98
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LDNR Issues Proposed Rule on Venting, Flaring

The Energy Law

The Louisiana Department of Natural Resources (LDNR) has proposed a rule that will significantly restrict the practice of venting and flaring at wellsites in an effort to address natural gas waste in Louisiana. Communications include firm news, insights, and events.

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Overturning 8 Years of โ€œPalpable Error,โ€ The Louisiana Supreme Court Limits Damages Available to Landowners in Oilfield Legacy Litigation

The Energy Law

The โ€œ LL&E II โ€ decision finds that Act 312 charges the court, not the jury, to determine the funding needed to remediate property to government standards. 3d โ€” (โ€œ LL&E II โ€). [1]. Background of Legacy Litigation and LL&E I . Iowa Production , landowners sued oil and gas companies for breach of a mineral lease.

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Louisiana State Mineral Board to Consider Retaining Third Party Counsel to Pursue Underpayment of Royalty Claims Associated with Natural Gas Production on State Lands and Waterbottoms

The Energy Law

The agenda specifically states that the Mineral Board will engage in โ€œ[a] discussion regarding the potential for the State Mineral and Energy Board to enter into a legal contract with a third party that would pursue claims of underpayments of royalties related to natural gas production on state lands and water bottoms.โ€

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