Remove 1 Offshore
article thumbnail

Royalty on Federal Lands

OilandGasLawyer

The US Department of Interior finalized a rule on Friday increasing royalty rates on oil and gas leases of federal land from 1/8th to 1/6th, and increasing minimum bonus rates from $2/acre to $10/acre. The regulations also increase bonding requirements to secure operators’ obligation to plug their wells.

Court 52
article thumbnail

Worldwide: Offshore Trusts: An Introduction (1 Of 3) - Dixcart Group Limited

Mondaq

In this series we will examine the key elements of Offshore Trusts, taking a particular interest in Isle of Man Trusts. This is the first of three articles, and one that lays the foundation that we will build upon.

40
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

United States: Louisiana Proposes 5 GW Of Offshore Wind For Gulf Of Mexico - Mayer Brown

Mondaq

On February 1, 2022, Louisiana Governor John Bel Edwards' Climate Initiatives Task Force submitted its 177-page Climate Action Plan, which proposes a goal of 5 gigawatts (GW) of offshore wind (OSW).

40
article thumbnail

Cayman Islands: Walkers Stands Out For Offshore Regulatory & Compliance Services In Legal 500 Caribbean 2022 - Walkers

Mondaq

Walkers is delighted to have been the only offshore law firm awarded with two Tier 1 rankings for their Regulatory & Risk Advisory practices in the Legal 500 Caribbean guide 2022.

Legal 40
article thumbnail

Swiss private bank will pay $22M settlement after helping US taxpayers to hide offshore accounts

JURIST

The post Swiss private bank will pay $22M settlement after helping US taxpayers to hide offshore accounts appeared first on JURIST - News - Legal News & Commentary. Now Rahn+Bodmer will pay $22 million and commit to helping the Justice Department uncover tax evasion by U.S.

article thumbnail

Nigeria Supreme Court allows Shell a hearing in oil spill case

JURIST

Shell International Trading and Shipping Company ruled in favor of the company stating that it was “too late” for the petitioners to sue Shell over the 2011 offshore oil spill as they brought their case after a six-year period. In May 2023, the United Kingdom Supreme Court in Jalla v.

Court 118
article thumbnail

Beyond troubled waters? Unprecedented cross-border transportation and injection of carbon dioxide (CO2) for offshore storage shows promise

ClimateChange-ClimateLaw

Therefore, the unprecedented experience of shipping CO 2 from Belgium for offshore storage in Denmark indicates that not only the current naval technology may be mature enough but also economically feasible. Hence, it boosts momentum for similar projects in Europe (and beyond). The post Beyond troubled waters?