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

Oil & Gas 360º

Libya is split between dueling governments in its east and west, and sporadic stoppages and rounds of violence have left much of its energy infrastructure neglected and damaged. Libya last held a bidding round in 2007, four years before the NATO-backed uprising in which Qaddafi was killed. Libya currently pumps about 1.4 million bpd.

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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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Chevron, Total Vying in Libya's First Oil Tender Since 2011 War

Rigzone

Libya is split between dueling governments in its east and west, and sporadic stoppages and rounds of violence have left much of its energy infrastructure neglected and damaged. Libya last held a bidding round in 2007, four years before the NATO-backed uprising in which Qaddafi was killed. Libya currently pumps about 1.4

Oil
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Philippines On Track for Annual Coal Decline Thanks to RE: IEEFA

Rigzone

Centralized government auctions, among other government policies, are driving project developments”, the IEEFA said. percent rebound in 2024, natural gas generation remained less than in every year between 2007 and 2021”, it said. “Despite an 8.3

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BOEM proposes oil, gas lease sale for 80 million acres in Gulf

Oil & Gas 360º

To encourage industry interest, the agency is proposing a 16 ⅔ percent royalty rate for both shallow- and deepwater tracts, the lowest deepwater rate since 2007. “To The PNOS appears in the Federal Register on June 27, opening a 60-day comment period for Gulf-state governors and local governments.

Oil
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Louisiana Trial Court Rules Act 312 Unconstitutional

The Energy Law

On January 8, 2007, a Louisiana trial judge held Act 312 of 2006 to be unconstitutional. The January 8, 2007 ruling by Judge Johnson of the Louisiana Seventh Judicial District Court held Act 312 to be unconstitutional and unenforceable. Farms, Ltd v. ExxonMobil Corporation 24,055 (La. The opinion is available here.

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Res Judicata Bars Relitigation of 1938 Buras Levee District Lease’s Validity

The Energy Law

On November 21, 2007, the Louisiana Fourth Circuit Court of Appeal affirmed the trial court’s ruling in favor of Chevron U.S.A., Chevron”), the Plaquemines Parish Government (“PPG”), and others in a dispute with the State of Louisiana over the validity of a 1938 mineral lease granted by the Buras Levee District (“BLD”).