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Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

Libya last held a bidding round in 2007, four years before the NATO-backed uprising in which Qaddafi was killed. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006. Libya currently pumps about 1.4 million bpd.

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Libya’s first oil bid round in 18 years offers production sharing contracts

Oil & Gas 360º

(Oil Price) –Libya will offer production sharing agreements to the successful bidders in its first oil and gas exploration bid round in 18 years, top Libyan oil officials said at an event in London on Monday.

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Texas Supreme Court Upholds Railroad Commission’s Regulation of Commingled Oil and/or Gas Drilling and Production

The Energy Law

By Leta Seletzky : In Seagull Energy E & P, Inc. 03-0364, 2007 WL 1299163 (Tex. The petitioner also asserted that the Commission’s denial of the permit amounted to an unconstitutional taking of gas in the sand from which the well would produce. Railroad Comm’n, No.

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Air Permitting: Sixth Circuit Vacates Single Stationary Source Aggregation Determination for E&P Facilities Due to EPA’s Unreasonable Interpretation of Adjacent

The Energy Law

In 2007, in guidance specifically addressing oil and gas activities, EPA stated that “proximity is the most informative factor in making source determinations.” Under different administrations, EPA has changed its guidance on the meaning of this phrase. See Memorandum from William L. at 16 (emphasis added).

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Louisiana Second Circuit Provides Clarity on Production in Paying Quantities and Affirms Lease Cancellation Under Mineral Code Article 140 for Failure to Pay Royalties

The Energy Law

4] In 2007, Fossil Operating, Inc. between May 2007 and February 2010. [20] EP Energy E&P Co., (“Tauren”) and contained a three year primary term as well as a horizontal and vertical Pugh clause. [3] 3] Tauren subsequently assigned a 49% interest in the lease to Cubic Energy, Inc. 5] Chesapeake Operating, Inc.

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