In This Issue:
The Top 10 Issues Facing the LNG Industry in 2012
Philip Weems, Matt Salo
With numerous technological, commercial, and geopolitical factors influencing a global LNG market in flux, the LNG industry surely will grapple with these top ten issues in 2012.
Corporate / London
M&A: The Importance of Bribery and Corruption Due Diligence - A UK Perspective
With M&A activity in the energy sector still buoyant, particularly in developing economies, the need for effective and risk sensitive diligence into potential bribery and corruption by target entities is becoming more important than ever.
Shell Oil Co. v. Ross: Texas Supreme Court Opinion on the Statute of Limitations Favors Operators over Royalty Owners
The Texas Supreme Court’s latest decision on the statute of limitations and fraudulent concealment exception favors operators over royalty owners, but the decision creates potential pitfalls for oil & gas companies as well.
FERC Staff Proposes Process for Advising EPA on Requests for MATS Compliance Extensions
Neil L. Levy, David G. Tewksbury, Stephanie S. Lim
An electric generator requesting an extension under EPA’s policy memorandum wouldbe required to file the same information with FERC for review. FERC staff would thensubmit written comments on each request to the EPA.
Environmental / D.C. Regulatory
Drilling Out the Weak Spots in Auditor Requirements
Stephanie Salek, Jonathan Henry, Kelsey Desloover
Proposed changes to BSEE’s safety and environmental management systems (SEMS) rule would eliminate program audits by operators’ employees and impose stringent requirements on who may qualify as an independent third-party auditor.
Political Concerns Over U.S. Shift to LNG Exporter
Thomas J. Spulak, Allison F. Kassir
Some in Congress question whether attempts to convert LNG import terminals toexport terminals may result in negative economic and environmental consequences tothe U.S.
Please see full newsletter below for more information.