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U.S. Dept. of Interior urged to fully leverage offshore energy resources

Oil & Gas 360º

(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. Outer Continental Shelf as a secure source of affordable, reliable energy.

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US DOI Proposes Easing Regulations on Onshore Commingled Production

Rigzone

“Those savings would give operators the ability to reinvest in new energy production, helping drive domestic energy development while reducing the need for duplicative infrastructure”, the DOI said. The current rules were written for a different era” The American Petroleum Institute welcomed the proposal.

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Processor Required to Account For Diverted Volumes Used for Gas Lift

The Energy Law

Generally, oil and gas production facilities have accounted for volume losses under the concept of “Fuel, Flare & Losses.” Red Willow Offshore, LLC and Medco Energi US, LLC (collectively, “Red Willow”) were co-working interest owners of a natural gas well without the facilities to produce the well. In Red Willow Offshore, LLC v.

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House’s passing of Trump’s “One Big Beautiful Bill Act” is a win for U.S. energy, agencies say

Oil & Gas 360º

(World Oil) –Leaders from the National Ocean Industries Association (NOIA), American Petroleum Institute (API) and the Independent Petroleum Association of America (IPAA), issued statements today in support of the U.S. leadership in offshore energy.

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Valor | Energy Connection – Jan. 20, 2025

Valor

The report highlights significant discoveries and trends in the industry, providing insights into exploration activities worldwide. This analysis offers a comprehensive overview of the state of global oil and gas exploration and production as of 2024. Despite the reduced rig count, the U.S. billion by offering 50 million shares.