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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.

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North America Drops More Rigs

Rigzone

rig count of 559, 544 rigs are categorized as land rigs, 13 are categorized as offshore rigs, and two are categorized as inland water rigs. land rig count reduced by four, and its offshore rig count and inland water rig count remained unchanged, the count highlighted. and 114 rigs from Canada, the count outlined. Of the total U.S.

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White House Wants to End Royalty-in-Kind Program

The Energy Law

Jack Gerard, president of the American Petroleum Institute, defended the program, and urged Salazar to reconsider ending it. Salazar said that the royalty-in-kind program was outdated and difficult to administer. For the full story, see [link]

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Processor Required to Account For Diverted Volumes Used for Gas Lift

The Energy Law

In Red Willow Offshore, LLC v. 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. million in damages for diversion of more than ten million cubic feet of gas.

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Industry Pushes Back On Continued Offshore Leasing Obstruction

Energy Central

Trade groups including the Independent Petroleum Association of America (IPAA) and the American Petroleum Institute (API) submitted comments this week to the Bureau of Ocean Energy Management (BOEM) urging the Biden administration to remove continued barriers to offshore energy production.

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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

Read more Republican states sue Biden over drilling limits Summary : Several Republican-led states, including Mississippi, Alaska, Louisiana, Alabama, and Georgia, along with the American Petroleum Institute, have filed a lawsuit against the Biden administration challenging its restrictions on offshore oil and gas drilling.