News & Analysis as of

Energy Sector Iran

The Volkov Law Group

SCG Plastics Pays OFAC $20 Million to Resolve Violations of Iran Sanctions Program

The Volkov Law Group on

OFAC is capable of extending a long-arm of enforcement, reaching sometimes non-U.S. companies that may “cause” another company to violate U.S. Sanctions laws.  If you need to find an example of this long reach, look no...more

Ankura

How would a revived US-Iran nuclear deal change the sanctions landscape?

Ankura on

Talks between the U.S. and Iran to revitalize the nuclear deal may have stalled but they are far from dead. There is still optimism that the agreement to limit Iran’s ability to make weapons-grade uranium, in return for a...more

Foley Hoag LLP - Energy & Climate Counsel

Department of Homeland Security Releases Homeland Threat Assessment

On October 6, 2020, the Department of Homeland Security (“DHS”) released a 2020 Homeland Threat Assessment (“HTA”). According to Acting Secretary Chad F. Wolf, the “first of its kind report” identifies the primary threats...more

Akin Gump Strauss Hauer & Feld LLP

U.S. Sanctions Compliance Guidance Released for the Global Maritime, Energy and Metals Sectors

- On May 14, 2020, OFAC, the Department of State and the U.S. Coast Guard jointly released guidance for persons involved in the maritime industry regarding common deceptive shipping practices used to subvert U.S. and United...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - January 2020 #3

Energy Blockchain’s Most Obvious Use Case is Not What You Think - "Instead, a select group of blockchain companies is finding success with a focus on certificates of origin, helping demonstrate the provenance of renewable...more

Opportune LLP

3 Reasons Why WTI Crude Oil Could Reach $70

Opportune LLP on

The recent events in Iraq – the attacks on a U.S. embassy, a U.S. drone strike that killed an Iranian general and Iran’s missile attack on a U.S. air base in Iraq – has created renewed tension in the Middle East with crude...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - January 2020 #2

Trump Infrastructure Proposal Impacts 'Virtually Every' Federal Decision on Environment: DOI Secretary - "Trump's announcement focused largely on road and highway impacts, but industry groups and environmentalists note the...more

Foley Hoag LLP - Security, Privacy and the...

Experts Anticipate Iran’s Next Move Will Include Cyberattacks on U.S. Energy Infrastructure

Security experts nationwide warn that the United States should expect serious cyberattacks from Iran in the next few months. The anticipated attacks, retaliation for United States’ killing of Major General Qasem Soleimani,...more

Flaster Greenberg PC

Marcellus Shale Update: The US Kills Iran’s Most Dangerous General - What Happens Now?

Flaster Greenberg PC on

General Qassem Soleimani, the Commander of the Quds Force of the Iranian Revolutionary Guard Corp (IRGC), was killed by a United States drone strike this morning in Baghdad. Soleimani was the second most powerful man in Iran,...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - August 2019 #5

Iraq Would Face 'Wrath of U.S.' if Oil Pipeline Projects with Iran Go Ahead - "Washington would do anything to prevent an Iran-Iraq oil pipeline from ever being built, even if the Europeans were in favor, policy...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - July 2019 #2

Oil Drops More Than 3% After State Secretary Pompeo Says Iran Is Ready To Negotiate About Its Missile Program - "Oil prices turned lower on Tuesday, falling by about $2 a barrel as U.S. President Donald Trump said progress...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - June 2019 #4

Analysts Say U.S. Coal Merger Not Anti-Competitive- "The proposed 'extraordinary' joint venture between U.S. coal majors Peabody Energy and Arch Coal will be structurally beneficial, rather than anti-competitive for U.S....more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - May 2019 #3

PA Supreme Court Upholds Decision Allowing Drilling in All Districts Under a Local Zoning Ordinance as Long as They Meet Standards - "This case is one of several recent decisions in Commonwealth Court and the PA Supreme...more

Eversheds Sutherland (US) LLP

Iran sanctions update – US announces it will not re-issue sanctions waivers for Iran oil imports to any country

On Monday, the United States announced that it would not extend the temporary waivers that were granted to eight countries last November allowing them to purchase Iranian oil without threat of sanctions. The temporary waivers...more

Flaster Greenberg PC

Marcellus Shale Update: Venezuela, Iran and American National Failure

Flaster Greenberg PC on

While President Trump and House Speaker Pelosi bicker about nonsense, two very important parts of the world are on a hair trigger today....more

Eversheds Sutherland (US) LLP

US reimposes sanctions against Iran’s energy sector despite European opposition

As of November 5, 2018, US secondary sanctions against Iran are back in force, and more than 700 Iranian individuals and entities have been re-added or newly added to the US Specially Designated Nationals and Blocked Persons...more

Dechert LLP

End of the Road: U.S. Sanctions on Iran Come Back Into Effect

Dechert LLP on

On November 5, 2018, applicable wind-down periods for certain transactions with Iran ended and the second and final set of U.S. secondary sanctions that had been lifted pursuant to the Iran nuclear deal – the Joint...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - September 2018 #4

Iran's Latest Terrorist Attack Matters More than OPEC's Latest Meeting, RBC's Croft Says - "Oil market attention was focused on an OPEC meeting in Algeria this weekend, but it was Saturday's terrorist attack in an oil-rich...more

The Volkov Law Group

OFAC Begins to Re-Impose Iran Sanctions and Expands Reach of Previous Sanctions

The Volkov Law Group on

The Trump Administration issued a new executive order on August 6, 2018, in order to reimpose the first tranche of the Iran sanctions lifted by the former Joint Comprehensive Plan of Action (“JCPOA”). ...more

Hogan Lovells

Iran sanctions: Snapback becomes reality

Hogan Lovells on

The United States has begun re-imposing nuclear-related sanctions with respect to Iran in connection with the expiration of the 90-day wind-down period announced alongside the United States' 8 May 2018 withdrawal from the...more

Dechert LLP

Financial Services Quarterly Report - Second Quarter 2018: Current U.S. Sanctions Against Russia, Venezuela and Iran

Dechert LLP on

International sanctions are a major compliance challenge for companies worldwide. The regulatory risks associated with economic sanctions, asset-freezing measures and trade embargoes are not new, but they continue to grow in...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - June 2018 #2

LyondellBasell Looking to Control Braskem; Could Help WV Cracker - "A deal could breathe life into the ethane cracker Braskem proposed for a site near Parkersburg, W.Va., roughly five years ago." Why this is important:...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - January 2018 - Issue 2

Ohio Supreme Court Joins Texas and Oklahoma in Holding the State Does Not Recognize a Separate Implied Covenant to Explore Further - "We conclude that Ohio does not recognize an 'implied covenant to explore further'...more

Sheppard Mullin Richter & Hampton LLP

Today, President Trump Decertified the Iran Deal and Announced Tougher Sanctions on Iran

What does decertification mean? For the time being, decertification is a solely U.S. issue. Under the Iran nuclear agreement (known as the Joint Comprehensive Plan of Action, or JCPOA), Iran agreed to limits on its nuclear...more

Robinson+Cole Data Privacy + Security Insider

Aviation and Petrochemical Industries Subject to Hacking by Iran

Hackers working on behalf of the Iranian government have been targeting the aviation and petrochemical industries in the United States, Saudi Arabia, and South Korean since 2013, according to a report released by FireEye...more

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