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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.

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Israel dispatch: Israel-Lebanon maritime border deal clears way for more offshore gas extraction while enhancing regional security

JURIST

The disputed area especially interests the countries due to the location within it of offshore natural gas fields: part of the Karish gas field, developed by Israel, and the Qana prospective gas field. “Line 1” is where Israel strung up a buoy line, extending 3.1 The Israeli-Lebanese maritime border has never been settled.

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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.

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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).

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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.

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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.

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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.

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