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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

Momentum is already building across Libyas energy industry, with several upstream developments demonstrating the countrys renewed focus growth and investment. 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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EPAโ€™s New Audit Program for New Owners of Upstream Oil and Natural Gas Facilities

The Energy Law

Environmental Protection Agency (EPA) announced it had finalized a voluntary disclosure program for new owners of upstream oil and natural gas exploration and production facilities. EPA has said that this new program for upstream oil and gas facilities โ€œis separate fromโ€ and โ€œdoes not changeโ€ those preexisting audit policies.

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SECโ€™s Proposed Rules on Climate-Related Disclosures

The Energy Law

3] Companies will be required to disclose physical risks and financial impacts of climate-related events and transition activities and, unless the aggregate impact is below the threshold, companies will be required to include this data on each line item of their consolidated financial statements.

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When It Comes to Pilot Errors: State Statutes Preempt General Maritime Law

The Energy Law

On January 3, 2019, the M/V STRANDJA and the M/V KIEFFER E. With a compulsory pilot aboard, the STRANDJA, facing upstream, was preparing to get underway by heaving her anchors. The KIEFFER E. A collision resulted due to the STRANDJA being outside of the anchorage and not adequately communicating with the KIEFFER E.

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Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producersโ€™ Gross Proceeds

The Energy Law

The lessees owned working interests in certain oil and gas leases that were executed in 2007. The leases contained the following royalty provisions: 3. The lessees paid royalties to the lessors based on their gross proceeds. The parties agreed that those additions back to the price received by the lessee were proper under the terms of the leases.

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