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Devil’s in the details: Why BP’s debt may deter a buyer

Oil & Gas 360º

oil majors such as Exxon Mobil or Chevron. Abu Dhabi National Oil Company considered a takeover in 2024, but did not proceed, Reuters reported. Finally, BP is still paying for the 2010 Macondo disaster, when a blowout at an offshore platform in the Gulf of Mexico caused one of the world’s worst oil spills.

Blowout 130
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Are you ready for the Offshore Safety Directive?

Global Energy

The Deepwater Horizon incident in April 2010 killed 11 people and caused one of the worst oil spills in history. …]

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Offshore Companies Face Surge in BSEE Enforcement Actions and Penalties

The Energy Law

In recent years, offshore companies have witnessed a marked uptick in the number of enforcement actions undertaken by the Bureau of Safety and Environmental Enforcement (BSEE). [1] BSEE has also begun to target offshore contractors, who, until recently, have not faced exposure to agency enforcement actions. See Island Operating Co.,

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Proposed EPA Rules Would Subject Oil and Gas Sources to Mandatory Reporting of Greenhouse Gas Emissions

The Energy Law

On March 22, 2010, EPA announced proposed rules to amend the Mandatory Reporting of Greenhouse Gases Rule to cover additional sources including petroleum and natural gas facilities emitting 25,000 metric tons or more of greenhouse gas emissions. and April 20, 2010 in Washington, D.C.

Gas 40
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Wind Energy Development in the Gulf of Mexico

The Energy Law

This is the first in a series of articles in which Liskow’s offshore team will discuss the regulatory framework for wind energy projects in federal waters and highlight legal issues pertinent to this dynamic area. To date, the development of offshore wind in federal waters has largely been limited to the east coast. 556.400; 30 C.F.R.

Energy 98
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EPA Releases Final Rule Requiring Oil and Gas Sources to Report Emissions of Greenhouse Gases

The Energy Law

Moreno On November 8, 2010, the U.S. The original Subpart W rule for petroleum and natural gas facilities was proposed in March 2010. Offshore petroleum and natural gas production facilities must include emissions from equipment leaks, venting, and flaring.

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EPA and BSEE Team Up to Resolve Offshore Environmental Violations

The Energy Law

Recently, when there was talk about Houston-based ATP Oil and Gas’ (ATP) legal problems, it was inevitably about its bankruptcy and its effort to bring the overriding royalty interests it had conveyed back into the bankrupt estate as debt instruments. 362(b)(4).