New Court Ruling Provides Temporary Relief For Offshore Oil & Gas

This week, the U.S. District Court for the District of Maryland released a ruling extending the deadline for the National Marine Fisheries Service (NMFS) to issue a new critical conservation statute. This new development came only after pleas from both the NMFS and the oil and gas industry, stating that vacating the conservation statute in

Read More...

Industry Pushes Back On Continued Offshore Leasing Obstruction

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.   Arguing that offshore leasing in the Gulf of Mexico (GOM) is critically important to American

Read More...

Sue and Settle: Biden Administration Cedes to Activists, Moves to Limit Offshore Operations Across the Gulf of Mexico

Ceding to activists’ demands to limit oil and natural gas development in the Gulf of Mexico under the guise of protecting the Rice’s whale, the Biden administration has announced “a lease sale in name only” that removes millions of acreage from the parcel and adds burdensome restrictions on operators. In response to the “arbitrary and

Read More...

Coalition Urges Biden to Finalize an Offshore Leasing Plan that Promotes American Energy Leadership

Following a hearing last week that showcased the economic necessity of the Department of Interior’s five-year offshore leasing plan, yesterday the Independent Petroleum Association of America, the American Petroleum Institute, and fifteen other energy trade associations sent a letter urging President Biden to support U.S. energy security by finalizing a new five-year program. Since the

Read More...

Déjà vu: Renewed Efforts to Ban U.S. Oil, Natural Gas Use Same Debunked Claims

Activists aiming to shutter American energy production are returning to an old campaign: trying to block oil and natural gas exports. A group calling itself Defend the Gulf is reigniting the debate over energy exports with a list of demands to the Biden administration, including a permitting and construction moratorium on energy export infrastructure and

Read More...

Murphy announces $1.38B deepwater Gulf of Mexico acquisition

Murphy Oil Corp. announced its Murphy Exploration & Production Company – USA unit is acquiring deepwater Gulf of Mexico assets from LLOG Exploration Offshore and LLOG Bluewater Holdings for $1.38 billion in cash, Kallanish Energy reports. Additional contingent consideration payments are based on the following: up to $200 million in the event revenue from certain

Read More...