Exports Oil & Gas

News & Analysis as of

Congress Approves Export of U.S. Crude Oil

On December 18, President Obama signed into law HR 2029, the Consolidated Appropriations Act of 2016, the so-called Omnibus Appropriations bill. This $1.15 trillion measure funded the Federal Government through FY 2016....more

Trade & Manufacturing - January 2016

Important Decisions Reached in Nairobi at the WTO’s 10th Ministerial Conference - On December 19, the World Trade Organization (WTO) concluded its 10th Ministerial Conference in Nairobi, Kenya. The Ministerial...more

The Top 10 Questions Facing the LNG Industry in 2016

Although continuing low oil prices affect the LNG industry in expected ways (e.g., delays and cancellations in the development of LNG export projects) and unexpected ways (e.g., take-overs between major players in an already...more

LNG in Europe: An Overview of European Import Terminals in 2015

This report focuses on a specific aspect of the liquefied natural gas (LNG) supply chain: the import facility. LNG import facilities are the final destination of LNG carriers and where LNG is returned to a gaseous state so...more

US lifts ban on exports of crude – take advantage of new opportunities

For the first time since the oil embargo that arose in the wake of the energy crisis of the 1970s, US companies are now legally free to export crude oil. That new permission is an outgrowth of the Protecting Americans from...more

U.S. Repeals Longstanding Ban on Export of Crude Oil

Effective immediately and subject to limited restrictions, U.S. producers may begin exporting crude oil to overseas customers. On December 18, 2015, the President signed into law the massive Consolidated Appropriations...more

Energy Industry Impacted by Consolidated Appropriations Act's Tax Code Changes

The U.S. Senate has passed H.R. 2029, the Consolidated Appropriations Act of 2016. The measure, which was approved Friday morning, Dec. 18, funds the government for the remainder of the fiscal year (through September 30,...more

EIB Energy Highlights: SCOTUS on FERC, Nat Gas Record Year, Oil & Gas Exports, Winter Outlook, Cybersecurity & More

Our goal is to serve as a leading-edge resource for companies navigating the rapidly evolving landscapes of the domestic and global energy markets. Moore & Van Allen’s EIB Energy Highlights is a complement to our Energy...more

Energy Bulletin (US) - October 2015

This regular publication by DLA Piper lawyers focuses on helping clients navigate the ever-changing business, legal and regulatory landscape. Supreme Court hears “demand-response” arguments on FERC rule. On October 14,...more

Solving the Chicken and the Egg Problem: Increasing Natural Gas Demand and Building Pipeline

Presidential candidate Jeb Bush recently laid out his vision for America’s energy future. Not coincidentally, Mr. Bush made this announcement in the heart of the Marcellus shale region. In the last decade, natural gas...more

House Passes Legislation to Lift Nearly 40 Year Ban on Crude Oil Exports

Signifying a historic shift in U.S. energy policy, the House of Representatives passed legislation on October 9 that would lift the nearly 40-year ban on crude oil exports by a vote of 261 to 159. Twenty-six Democrats joined...more

House Passes Legislation Despite Chaos

Amid a House in chaos as a result of a Republican leadership vacuum, the U.S. House of Representatives managed to pass legislation (H.R. 702) last Friday to lift a 40-year ban on exports of domestic crude oil. Although 26...more

Push to lift ban on crude oil exports gains momentum in Congress

Proponents of lifting the US ban on crude oil exports have made significant progress in recent weeks. The House Energy and Commerce Committee approved a bill today to lift the decades-long statutory prohibition. This follows...more

The Iran Sanctions Program: Is There Relief in Sight for Re/Insurers Under The Iran Nuclear Agreement?

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) administers complex and comprehensive trade and financial sanctions against the Government of Iran. The Iran sanctions prohibit virtually all...more

Will Congress Repeal the Crude Oil Export Ban in Fall 2015?

Rising congressional support signals real promise that the ban on U.S. crude oil exports could be repealed within the next six months. The U.S. now exports more than 550 thousand barrels per day (kbd) of crude oil and another...more

U.S. Government Approves Crude Oil Swaps with Mexico While Congress Considers Repealing the Underlying Export Restrictions

On August 14, 2015, the U.S. Department of Commerce’s, Bureau of Industry and Security (BIS) indicated that it would approve a number of export license applications permitting parties in the United States to swap crude oil...more

US Imposes Significant Export Restrictions on Russian Oil and Gas Field

The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) added the Yuzhno-Kirinskoye Field, a Russian oil and gas field, to the Entity List on August 7, 2015. The action effectively prohibits all persons from...more

U.S. Department of Commerce Places Severe Export Restrictions on Russian Deepwater Oil and Gas Field

On August 7, 2015, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published a final rule adding the Yuzhno-Kirinskoye Field, a Russian oil and gas field located in the Sea of Okhotsk, to its Entity...more

The Nuclear Deal With Iran: The Lifting of Sanctions and Implications for Business

On July 14, 2015, after two years of sometimes intense negotiations, the United States, the United Kingdom, France, Germany, Russia, and China (known as the “P5+1” countries), along with the European Union, signed a Joint...more

Energy bills move forward in Congress - Bipartisanship marks initial stage, but difficult debates may lie ahead

The US Senate and House of Representatives have taken significant steps in recent days to advance the first comprehensive energy legislation since the passage of Energy Independence and Security Act of 2007. Much has...more

Pipeline Foes Prone to Exaggerate the Ease and Likelihood of Exporting LNG

If fuel from the Marcellus Shale, perhaps the largest known source of natural gas in the world, is one day shipped through pipelines in Massachusetts and exported as liquefied natural gas (LNG) to Europe or elsewhere, should...more

Hydraulic Fracturing: State Regulatory Roundup Vol. 42

Fracking Insider Readers: We are pleased to bring you Volume 42 of our State Regulatory Roundup, including updates in Maryland, Texas, and Wyoming. As we explained in earlier volumes, we designed the Roundup to provide quick...more

Washington Insight - May 2015

In This Issue: - Trade Promotion Authority Bill Advances - The U.S. Crude Oil Export Ban: An Outdated Relic Of The Past - Rocky Road Ahead For FY2016 Appropriations Bills - Banking Committee...more

How Latin American LNG Markets and U.S. Exports are Reshaping the LNG Market

Traditionally, long-term take-or-pay "ToP" LNG sale and purchase agreements ("LNG SPAs") provide the foundation for the development of an LNG export project. These are contracts with terms of 20 years or longer. A buyer under...more

The U.S. Crude Oil Export Ban: An Outdated Relic Of The Past

The ban on the export of domestic crude oil dates back to a time when members of Congress did not have computers and Richard Nixon was president. Much has changed in the past 40 years. Today, that antiquated law is severely...more

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