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Plug Power Acquires United Hydrogen and Giner ELX

NGT News

a provider of hydrogen engines and fueling solutions enabling e-mobility, has completed the acquisitions of United Hydrogen Group Inc. Plug Power Inc., and Giner ELX.

E&A 230
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New IRS Revenue Ruling Provides Opportunities for Financing Carbon Capture Equipment

The Energy Law

The plant produces methanol by first creating syngas from the natural gas input in an acid gas removal unit that removes carbon dioxide, and then converts the purified syngas gas into methanol. For more information on carbon capture and section 45Q tax credits, see here , here and here.

Finance 59
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U.S. DEPARTMENT OF INTERIOR ISSUES 60-DAY MORATORIUM ON FEDERAL LEASING AND DRILLING PERMITS

The Energy Law

Following through with President Biden’s campaign promise to halt oil and gas drilling on federal lands, on January 20, 2021, the Acting Secretary of the U.S. The Order, however, does not limit oil and gas operations under valid leases, so previously approved activities and operations can continue. The Order can be found at [link].

Oil 76
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Operators May Earn and Sell Carbon Credits for the P&A of Inactive, Shut-in, or Temporarily Abandoned Wells

The Energy Law

The carbon credit market continues to evolve as oil and gas companies face increasingly stringent regulations to reduce greenhouse gas emissions. The EPA estimates that there are over 3 million known abandoned and orphaned oil and gas wells (AOOG wells) in the United States. million vehicles per year. Well Eligibility.

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Proposed Louisiana Senate Bills Could Secure Up To $200M In Federal Funds For Orphan Well Restoration

The Energy Law

Currently, the Fund is primarily financed by fees imposed on oil and gas production within the State and is capped at $14 million. Privacy Policy: By subscribing to Liskow & Lewis’ E-Communications, you will receive articles and blogs with insight and analysis of legal issues that may impact your industry.

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Texas Court Holds Drop in Oil Prices is Not Force Majeure

The Energy Law

As a result, Olmos was unable to secure financing for drilling and informed ConocoPhillips that it would be unable to meet its drilling obligations. Under this precedent, oil and gas operators should be careful to expressly identify any market-based risks that they want to encompass within force majeure provisions.

Oil 40
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Wind Energy Development in the Gulf of Mexico

The Energy Law

Over the past year, the U.S. Department of Interior has taken several important steps toward making wind energy development a reality in the Gulf of Mexico. To date, the development of offshore wind in federal waters has largely been limited to the east coast. Those impacts would be considered at a later date once wind energy leases are awarded.

Energy 98