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Libya’s First Oil Bid Round in 18 Years Offers Production Sharing Contracts

OilPrice

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. The previous such bid round was held in 2007, four years before the toppling of Muammar Ghaddafi in 2011, which led to a protracted

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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. Libyas crude oil production currently exceeds 1.4 million barrels per day (bpd), NOC says.

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Understanding the price of decarbonization

McKinsey

In 2007, McKinsey developed—for a Swedish utility—the first marginal abatement cost curve (MACC) to provide such a framework (Exhibit 1). Since 2007, MACCs and their equivalents have become widely accepted. In the initial global MACC, the abatement potential for passenger EVs by 2030 was estimated at 0.05 gigatons as of 2024.

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SunRun taps into the power of conversation AI with Amazon Q Developer Slackbot

AWS: Energy (Oil & Gas)

SunRun , founded in 2007, is a leading company in the residential solar energy sector. We explore how this generative AI powered tool has significantly enhanced SunRuns cloud operations and streamlined their development processes. SunRun became the first and only solar-plus-storage company in the U.S. to surpass one million customers.

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The OCSLA Does Not Provide Federal Jurisdiction for Insurance Disputes

The Energy Law

The Eastern District of Louisiana recently held that insurance claims for damage to a Gulf of Mexico production facility will not support federal court jurisdiction under the Outer Continental Shelf Lands Act. Accordingly, the district court remanded the case of LLOG Exploration Co. 1349(B)(1). 1349(B)(1).

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Louisiana Operators Are Not Responsible For Making Non-Participants’ Royalty Payments Before Payout

The Energy Law

In Gulf Explorer, LLC v. 2007 WL 1651090 (La. A non-participating working interest owner sued, asking the court to declare that its royalty and overriding royalty owners were entitled to their share of production. Clayton WIlliams Energy Inc. The court held that, because La.

Royalty 40
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Added Protections for Louisiana’s Port Fourchon and Offshore Oil Port

The Energy Law

Port Fourchon handles more than 75% of the oil and gas production from the Gulf of Mexico, while LOOP is the only port in the U.S. Click here for an overview of the 2007 DHS Infrastructure Protection Program. capable of offloading the deepest draft tankers. The elevation project will protect this corridor from flooding and erosion.