DC Advisory’s Post

The Bureau of Ocean Energy Management increased financial assurances federal #offshore #oilandgas leaseholders must demonstrate in an effort to limit abandoned wells in #GulfofMexico ➡️ https://bit.ly/4aMZU6U #BOEM estimates #oilgas industry will be required to provide $6.9B in new assurances to protect #taxpayers from assuming industry #decommissioning costs. #OGJ #energyregs #offshore

This omnibus Bill amends various pieces of legislation including the Mineral and Energy Resources (Common Provisions) Act 2014 (Qld) (the MERCP Act), the Mineral and Energy Resources (Financial Provisioning) Act 2018 (Qld), the Mineral Resources Act 1989 (Qld), the Petroleum and Gas (Production and Safety) Act 2004 (Qld) and the Water Act 2000 (Qld). See our key takeaways here: https://ow.ly/Rscr50Sm7KC By: Patrick Cranley, Ben Cansdale, Karen Trainor, Beryl Rachier and Tom Ryan

This omnibus Bill amends various pieces of legislation including the Mineral and Energy Resources (Common Provisions) Act 2014 (Qld) (the MERCP Act), the Mineral and Energy Resources (Financial Provisioning) Act 2018 (Qld), the Mineral Resources Act 1989 (Qld), the Petroleum and Gas (Production and Safety) Act 2004 (Qld) and the Water Act 2000 (Qld). See our key takeaways here: https://ow.ly/eJSo50Sm7Kc By: Patrick Cranley, Ben Cansdale, Karen Trainor, Beryl Rachier and Tom Ryan

The WoodMac Gas & LNG team will host a webinar on what the pause on US LNG export approvals means for the market. Register via the link below to hear from Ed Crooks Massimo Di Odoardo Giles Farrer Dulles Wang and the team, who will discuss: - the rational behind the decision - the projects that are affected - the implications for local and global gas markets, and - the key winners and losers. #lng #gas #naturalgas

• Exxon Mobil and CF Industries partner on carbon capture and storage project. • Exxon to transport and store up to 500,000 metric tons of CO2 per year from CF Industries' Mississippi plant. • This is Exxon's fourth CCS project and second with CF Industries. To know more, read the full article on #theenterprise #ExxonMobil #CFIndustries #carboncapture #CCS #climatechange #globalbusiness #theenterprisenews #followformore #global #finance

Exciting news! US oil services group SLB is making big moves by expanding its presence in Russia, while competitors are pulling out. This strategic expansion demonstrates SLB's commitment to the region and its confidence in the market's potential. Read more about this industry development in the Financial Times article. #OilAndGas #EnergySector #GlobalExpansion https://ift.tt/PRHxaKn

There are several federal, state, and Tribal grant programs in place to address orphaned oil wells across the United States. These initiatives are plentiful, and they provide unique opportunities for oil and gas industry executives to get involved at various stages. In an article for World Oil magazine, Evan Masters and Darshana Shyamsunder of Forvis Mazars discuss how these grant programs can help improve the orphaned wells landscape and how stakeholders can get involved with well plugging initiatives. Read more: https://bit.ly/47E5Kac

There are several federal, state, and Tribal grant programs in place to address orphaned oil wells across the United States. These initiatives are plentiful, and they provide unique opportunities for oil and gas industry executives to get involved at various stages. In an article for World Oil magazine, Evan Masters and Darshana Shyamsunder of Forvis Mazars discuss how these grant programs can help improve the orphaned wells landscape and how stakeholders can get involved with well plugging initiatives. Read more: https://bit.ly/47E5Kac

There are several federal, state, and Tribal grant programs in place to address orphaned oil wells across the United States. These initiatives are plentiful, and they provide unique opportunities for oil and gas industry executives to get involved at various stages. In an article for World Oil magazine, Evan Masters and Darshana Shyamsunder of Forvis Mazars discuss how these grant programs can help improve the orphaned wells landscape and how stakeholders can get involved with well plugging initiatives. Read more: https://bit.ly/47E5Kac

According to Rystad Energy (as cited by Evercore), offshore deepwater economics have materially improved, boasting an average breakeven brent price of $40/bbl, which is more economical than other oil plays, including offshore shelf, tight oil, oil sands, and other non-OPEC onshore plays. The average internal rate of return for offshore deepwater plays at $70/bbl is 30%-plus, the firm says. #offshoreenergy #offshoredrilling #offshore #oilandgas