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ConocoPhillips announces oil find at Slagugle discovery in Norwegian Sea

Oilfield Technology

It is the third exploration well drilled in production licence 891, which was awarded during the Awards in Predefined Areas (APA) in 2016. After the completion of operations, the well was permanently plugged and abandoned. The Deepsea Yantai drilling rig, operating in a water depth of 341 m, was utilised for the drilling.

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All or Nothing: Regulators Strictly Define Pipeline Abandonment

The Energy Law

Parts 192 and 195 (2016). This clarification comes after a number of leaks in 2014 and 2015 from pipelines that were believed to be “abandoned.” In both cases, the prior owner or operator allegedly had not followed the proper procedure for abandoning a pipeline, specifically regarding purging the pipeline of hazardous material.

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2016-N01, in 2016, which created widespread industry concern, and, as a result, was never fully implemented. To provide guidance on this issue, from 1998 through 2016, BOEM (and its predecessor) issued four NTLs, with each subsequent NTL replacing the prior NTL. 2016-N01, previously mentioned, which was never fully implemented.

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2016-N01, in 2016, which created widespread industry concern, and, as a result, was never fully implemented. To provide guidance on this issue, from 1998 through 2016, BOEM (and its predecessor) issued four NTLs, with each subsequent NTL replacing the prior NTL. 2016-N01, previously mentioned, which was never fully implemented.

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Does the Market Need OPEC/OPEC+?

Energy Outlook Advisors

Strangely enough, the US abandoned the costly price controls, and liberalized energy markets in the early 1980s. As time passed by, it was apparent that the role of some non-OPEC members was important, and this later led to the OPEC+ agreement in 2016. It was clear that OPEC needed an upgrade.