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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. offshore production accounts for 14% of total U.S. According to the U.S.

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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.” However, before the Red Willow production stream reached the sales line, Palm diverted more than twenty percent of the gas to use as lift gas in its own low pressure oil wells. 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. House of Representatives passage of the 2025 tax reconciliation bill.

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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.