Remove Casing Remove E&P Remove Government
article thumbnail

Seizing the agentic AI advantage

McKinsey

Organizations that win will pair a clear strategy with tight feedback loops and disciplined governance, using agents to rethink how decisions are made and how work gets done—and turning novelty into measurable value. We call this the “gen AI paradox.” The main issue is an imbalance between “horizontal” and “vertical” use cases.

Casing 144
article thumbnail

Climate-Related Lawsuits Continue to Return to State Courts: Understanding The Latest Ruling from District of Columbia v. Exxon Mobil Corporation

The Energy Law

In doing so, the court found itself “in accord with the other courts of appeals, which have unanimously found there is no federal jurisdiction where state or local governments have brought state-law actions against energy companies for conduct relating to climate change.” Exxon ”), at p. District of Columbia v. 22-7163 (Dec.

Casing 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Operators May Earn and Sell Carbon Credits for the P&A of Inactive, Shut-in, or Temporarily Abandoned Wells

The Energy Law

Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. Although Louisiana is allocating significant funds to P&A orphan wells, there is a lack of financial incentive for operators to address AOOG wells. Accounting and Crediting Period.

article thumbnail

New creditors’ battle emerges in Citgo auction reboot

Oil & Gas 360º

The complex auction meant to repay 18 creditors for debt defaults and expropriations by Venezuela and state oil company PDVSA was relaunched in January after a year-long bidding process ended in shambles amid arguments over Citgos worth and parallel legal cases. BONDHOLDER ISSUES The Red Tree $3.7

Casing 130
article thumbnail

Climate Change Jurisdiction: U.S. Court of Appeals for the Ninth Circuit Kicks Climate Change Case Back to State Court

The Energy Law

Amidst historically low oil prices and economic shutdowns, fossil fuel companies continue to defend against lawsuits brought by state and local governments claiming climate-change related damages. The two federal district court judges handling the eight cases reached different conclusions on Plaintiffs’ remand motions. BP PLC et al.

Casing 52
article thumbnail

U.S. Climate Change Litigation: 2020 Update

The Energy Law

Since the initiation of climate change litigation several years ago, various state governments and interest groups have filed lawsuits against fossil fuel companies and governing authorities. The majority of these cases have been brought under state nuisance laws.

Casing 52
article thumbnail

EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5%

Oil & Gas 360º

Transaction Highlights Transforms EOG into a leading Utica E&P The acquisition of Encinos 675,000 net core acres significantly increases EOGs Utica position to a combined 1,100,000 net acres, representing more than two billion barrels oil equivalent of undeveloped net resource.