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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. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

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Investment Opportunities in the Oil and Gas Sector

Nestoil

For investors, this sector offers diverse opportunities, ranging from upstream exploration to downstream refining and distribution. Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources.

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Western District Rejects Disgorgement of Profits Claim for Pipeline Trespass

The Energy Law Blog

QEP was the lessee of a mineral lease covering Plaintiffsโ€™ property, but because it wanted to transport off-site gas across their property, QEP also obtained a pipeline servitude across Plaintiffsโ€™ land. Plaintiffs asserted a number of claims, all of which were resolved except their claims seeking a disgorgement of profits.

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Upstream Midstream Downstream โ€“ What is the Difference?

Aresco

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Downstream is the refining and processing phase, where crude oil is transformed into refined products and chemicals. What is oil and gas upstream midstream downstream?

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Texas Supreme Court Decides Energy Transfer Partners v. Enterprise Products

The Energy Law Blog

Enterprise Products Partners, L.P., This case began in 2011 when ETP and Enterprise explored the possibility of partnering to modify and extend, or construct anew, a pipeline to transport oil southbound from Cushing, Oklahoma. The Texas Supreme Court issued an opinion today in Energy Transfer Partners, L.P

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BSEEโ€™s Updated Decommissioning Rules Address RUEs and Formalize Predecessor Enforcement Practices

The Energy Law Blog

RUE grants are authorizations from BOEM to use a portion of the seabed not encompassed by the holderโ€™s lease to construct, modify, or maintain platforms, artificial islands, facilities, installations, and other devices that support exploration, development, or production of oil and gas or other energy resources from another lease.

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New Air Standards for Oil & Gas Industry May Force HAP Area Sources into Major Source Status

The Energy Law Blog

By Robert E. 112(n)(4), establishes a non-aggregation standard for exploration and production facilities, specifying that HAP emissions from oil and gas wells and compressor stations should not be aggregated for major source determinations. Holden and Carlos J. 7412 (n)(4)(A).Section 63.761 (definition of โ€œmajor sourceโ€). .

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