Global law firm Holland & Knight has guided the privately-held offshore Gulf of Mexico production and exploration operator QuarterNorth Energy in its acquisition by US oil and gas company Talos Energy.
The U.S. oil industry hit a legal roadblock in January when a judge struck down a $192 million oil and natural gas lease sale in the Gulf of Mexico over future global warming emissions from burning the fuels. It came at a pivotal time for Chevron, Exxon and other industry players: the Biden administration had…
The legislation mandates several oil and gas lease sales. It also locks renewables and fossil fuel together for 10 years. So if the Biden administration wants solar and wind, it must first offer new oil and gas leases.