Rextag

APRIL 16, 2025

The Discovery: Far South Prospect BP, as operator (57.5%) alongside co-owner Chevron U.S.A. 42.5%), drilled the Far South exploration well in Green Canyon Block 584, located in the western Gulf of America approximately 120 miles off the coast of Louisiana. The well was drilled in 4,092 feet of water to a total depth of 23,830 feet.

Oil 52

Oil Upstream Exploration Well Exploration and Production 52

Rextag

MARCH 3, 2025

BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. To optimize profits, the company will focus on significant oil and gas projects, production expansion, and strategic asset divestments. million and 2.5 million barrels per day by 2030.

Gas 40

Gas Oil Energy Energy 40

The Energy Law

OCTOBER 15, 2020

Decommis sioning liability for predecessors: Current regulations – All lessees and owners of operating rights are jointly and severally liable for meeting decommissioning obligations. A party that assigns a record title interest or operating rights remains liable for decommissioning liability.

Pipeline 40

Pipeline Operator Exploration and Production Abandonment 40

The Energy Law

JULY 20, 2018

Gulf Oil Corp. , [1] for determining whether a contract to perform services related to oil & gas exploration on navigable waters is maritime, the Fifth Circuit took up In re Larry Doiron, Incorporated [2] earlier this year in an effort to streamline the test and bring clarity to an area of the law mired in uncertainty.

E&P 40

E&P IT Spud-in Exploration and Production 40

The Energy Law

SEPTEMBER 21, 2021

Actions under strategy 9 center around drafting new legislation to increase the plugging of abandoned and orphaned wells. Carbon capture can use a variety of techniques to remove emissions from industrial and power production operations post-combustion. Noteworthy actions include: ACTION 5.6 Noteworthy actions include: ACTION 5.6

Energy 52

Energy Energy Gas Utilities 52

The Energy Law

JANUARY 28, 2021

New Mexico’s 2021 Legislative Session will consider a bill that would significantly change how the state regulates oil and gas operations. Nathan Johnson, respectively, directs the state to create tougher standards for tanks in areas prone to flooding, hurricanes, and similar weather events. [2]. Pre-filed and introduced by State Sen.

Energy 40

Energy Energy Offshore Natural Gas 40

Permian Basin Oil and Gas Magazine

MARCH 27, 2025

Not only does this preserve the industrys license to operate, it will likely result in a better regulatory climate. How Abandoned Wells Hurt the Oil and Gas Industrys Image One of the most visible and negative images involves plugged wells that are leaking and flowing. The RRCs W3 form was last updated in the early 1980s.

Abandonment 59

Abandonment Temporarily Abandoned Casing Exploration and Production 59

Energy Outlook Advisors

MAY 14, 2025

Subscribe now The oil industry, just like any other extractive industry, is capital intensive with its costs mostly being sunk cost, while the operating cost is relatively small. During a period of an economic downturn and very low oil prices, producers focus on the operating cost. They continue to produce despite the hefty losses.

Management 154

Management Exploration and Production Oil Government 154

McKinsey

JUNE 11, 2025

In this article, we first explore the challenges credit unions face. Between 2015 and 2024, the share of sales made digitally at US financial institutions rose about 30 percentage points across all products to 36 percent. Then, we outline starting points for how they can turn things around.

Exploration and Production 114

Exploration and Production Completion Field Abandonment 114