Oil & Gas 360º
JULY 14, 2025
(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. So far, Angola has focused on recovering its oil production, which peaked in 2008 at 2 million barrels per day (bpd).
Oil & Gas 360º
JULY 28, 2025
That’s a sixfold jump since 2008—far outpacing the broader rise in national crude output, which nearly tripled to 13.2 Federal offshore oil, by contrast, hasn’t kept pace. Meanwhile, federal offshore gas production continues to fade, slumping to just 0.8 (Oil Price) – U.S. million bpd over the same period. The driver?
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McKinsey
JULY 10, 2025
2),â Eurostat, accessed June 2024; âEmployment by sex, age, and detailed economic activity (from 2008 onwards, NACE Rev.2 In July 2024, France launched its updated CCUS strategy, targeting a CO 2 emissions reduction of 4 to 8 Mtpa by 2030 and identifying potential onshore and offshore CO 2 storage locations.
Oilfield Technology
JULY 28, 2025
million bpd in 2008 to 13.2 million bpd is six times as much as the crude oil production from federal lands in 2008. By comparison, crude oil production in offshore federal lands has increased at a slower rate but at 1.8 In 2024, federal offshore natural gas production measured 0.8 million bpd in 2024. Already a member?
The Energy Law
MARCH 17, 2020
In recent years, there has been an increase in the number of denials of applications to decommission offshore pipelines in place in a departure from the Bureau of Safety and Environmental Enforcement’s (“BSEE”) longstanding practices. that is funded in whole or in part by or authorized by the Federal Government.” million cubic yards).
The Energy Law
JULY 15, 2016
2008-N07, which was commonly referred to by industry as the “supplemental bond” NTL. 2016-N01 contains several changes in policy, one of most significant for the offshore oil and gas industry is the elimination of the all-or-nothing financial exemption from the requirement to provide supplemental financial assurance allowed under NTL No.
The Energy Law
SEPTEMBER 23, 2008
per MMBtu, unless lease royalties were renegotiated with the Secretary , imposes Conservation of Resources Fee on nonproducing lease acreage of $3.75
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