News & Analysis as of

Energy Sector Audits

Eversheds Sutherland (US) LLP

Practical steps to mitigate RIN market fraud risk in light of EPA's Inspector General RFS audit report

On September 19, 2023, the US Environmental Protection Agency (EPA) Office of Inspector General (OIG) issued its conclusions after conducting an audit of EPA’s Renewable Fuel Standard (RFS) Moderated Transaction System (EMTS)...more

Foley & Lardner LLP

Energy Industry and Wage and Hour Compliance Issues

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On February 22, 2023, the United States Supreme Court issued a ruling, in Helix Energy Sols. Grp., Inc. v. Hewitt, No. 21-984, that despite earning in excess of $200,000 annually, an oilfield rig worker was improperly paid...more

Bracewell LLP

Nigeria’s energy sector: looking back at 2022 and looking ahead in 2023

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We review the key events of 2022 in Nigeria’s energy sector – a year that saw significant steps in the implementation of PIA, intermittent M&A activity and the continuing effects of crude theft. We also consider what we can...more

Opportune LLP

Bargain Purchases In Energy Business Combinations: A Rarity Explained

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In the years since FAS 141 (now codified as ASC 805, Business Combinations) was implemented in 2001, the vast majority of business combinations have resulted in the recognition of goodwill or have been goodwill/bargain...more

American Conference Institute (ACI)

[Virtual Conference] Navigating Russia Sanctions Complexities - September 27th, 10:00 am - 5:00 pm EDT

Unravel the multiple layers of primary and secondary Russia Sanctions and strengthen your analytical decision-making process. The Russia sanctions landscape continues to evolve in many significant ways. ACI’s 4th...more

Holland & Knight LLP

City of Boston Releases Draft Emissions Performance Standard Policy

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The City of Boston has taken the next step in its ongoing efforts to amend and strengthen its Building Energy Reporting and Disclosure Ordinance, or BERDO, by releasing a draft Summary of policy elements on Jan. 27, 2021, for...more

American Conference Institute (ACI)

[Virtual Event] Navigating Russia Sanctions Complexities - November 9th - 10th, 8:30 am - 12:30 pm EST

In light of continued demand for dedicated Russia sanctions content, ACI and C5 are delighted to hold the 3rd Navigating Russia Sanctions Complexities, this year in a virtual format. This highly anticipated event is...more

Davis Wright Tremaine LLP

FERC Announces Additional Measures to Support Regulated Companies Coping With COVID-19 Conditions

On April 2, 2020, FERC announced additional measures to provide flexibility to regulated entities responding to COVID-19 emergency conditions that disrupt, complicate, or change their normal business operations. We recently...more

Beveridge & Diamond PC

EPA Audit Program for Upstream Oil & Gas Facility Existing Owners

On December 19, 2019, the U.S. Environmental Protection Agency (EPA) announced a self-audit program that will be available to existing owners of upstream oil and gas facilities for a limited sign-up period of twelve months....more

Locke Lord LLP

EPA’s E&P New Owner Audit Program: Kind Of Interesting – Perhaps; Kind Of Practical – Perhaps Not

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On March 29, 2019, EPA issued its Oil and Gas Exploration and Production Facilities New Owner Audit Program (“Audit Program”). The Audit Program is voluntary and intended to encourage new upstream facility owners to audit,...more

Locke Lord LLP

Oil Patch to Face Heightened Environmental Scrutiny

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Recent regulatory pronouncements indicate the oil patch will continue to face heavy regulatory scrutiny in 2018 and beyond. Recent action at both the federal and state levels will put increasing pressure on the exploration...more

Bracewell LLP

Bracewell Tax Report: February 2018 #2

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The Bracewell Tax Report is a periodic publication focused on developments in federal income tax law, including the recently enacted Tax Cuts and Jobs Act (TCJA), with emphasis on how such developments impact the energy,...more

Holland & Knight LLP

New York Public Service Commission Issues Rules for Distributed Energy Resource Suppliers

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The New York Public Service Commission (PSC) recently issued Uniform Business Practices for distributed energy resource (DER) providers (or suppliers), similar to the consumer protection standards that are already in place...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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A nearly $5 billion deal between French energy company Total and the oil and gas arm of Danish shipping giant Maersk is making waves this morning. Total will also assume a few tankers-full of Maersk Oil’s debt....more

Morgan Lewis

2016 FERC Enforcement Report: Trends Continue, with More Court Fights

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The report shows a continued focus on manipulative conduct in energy markets as well as serious mandatory reliability standards violations, but also shows FERC’s increasing caseload in federal court....more

Skadden, Arps, Slate, Meagher & Flom LLP

"Skadden Energy Law Handbook: Fourth Edition (November 2016)"

Skadden’s Energy Regulation and Litigation Group is pleased to provide the fourth edition of the Skadden Energy Law Handbook, which includes a summary of recent developments. The handbook contains 16 chapters covering a broad...more

BakerHostetler

Oil and Gas: Managing Personnel Reductions and Asset Sales Under Increasing Government Audit and Enforcement Scrutiny

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As oil enters the ninth month of sub-$50 per barrel prices – and natural gas languishes below $3 per MMBtu – the oil and gas industry confronts a challenging time of transition. Layoffs have already happened (or are...more

Akin Gump Strauss Hauer & Feld LLP

Treasury Inspector General Report on 1603 Cash Grant Seems Off the Mark

On December 17, the Treasury Inspector General for Tax Administration released Review of Section 1603 Grants in Lieu of Energy Investment Tax Credit which is available below. Either there is some confusion associated with the...more

Foley Hoag LLP - Environmental Law

Building Energy Reporting Comes To Boston (Almost)

Today, Mayor Menino forwarded to the Boston City Council proposed amendments to the City of Boston Code that would require owners of many city buildings to report their energy and water use annually. That information would...more

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