Oil & Gas

News & Analysis as of

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In This Issue: - Trade Promotion Authority Bill Advances - The U.S. Crude Oil Export Ban: An Outdated Relic Of The Past - Rocky Road Ahead For FY2016 Appropriations Bills - Banking Committee...more

BLM Requests Comments on Upcoming Lease Sale in Nation’s Largest Federal Land Unit

The BLM is asking interested parties to comment on tracts available for oil and gas leasing in the National Petroleum Reserve Alaska (NPR-A) by June 29, 2015. The NPR-A encompasses 22.8 million acres on Alaska’s North Slope...more

Canada's Resource Revenue Transparency Rules Now in Force

Canada's new Extractive Sector Transparency Measures Act was proclaimed in force today, in keeping with the federal Government's committed timeline. The Act imposes mandatory reporting requirements for each entity engaged in...more

Transocean/BP Settlement Ends Texas Law Insurance Dispute: What Are the Possible Future Implications?

A lesser known but interesting legal issue regarding the 2010 BP oil spill was whether an operator (BP) could recover insurance proceeds as an additional insured under its driller's (Transocean) insurance policies for...more

Energy Newsletter - May 2015

In This Issue: - Recent Settlement Under EPA's Energy Extraction Initiative Provides Insight For Future Enforcement in the Oil and Gas Industry - Tax Incentives Offer Hope for UK Oil and Gas Industry Affected by Low...more

May Trade Legislation Tracker

Global Free Internet Act of 2015 Sponsor: Lofgren (D-Calif.) A bill to combat trade barriers that threaten the maintenance of an open Internet, that mandate unique technology standards as a condition of market...more

EPA Releases Long-Awaited Renewable Fuel Rule

On May 29, 2015, the U.S. Environmental Protection Agency (EPA) released its long-awaited proposed volume obligations for the Renewable Fuel Standard (RFS) for 2014, 2015 and 2016, as well as volume obligations for...more

Texas Supreme Court Limits Amount Of Supersedeas Bond In Decision With Possible Implications For Cases In Which Punitive Damages...

One of the biggest challenges confronting a defendant that has lost a large judgment is the need to file a supersedeas bond in order to prevent execution on the judgment during the pendency of the appeal. There are good...more

Proposed Regulations on Publicly Traded Partnerships Affect Natural Resource Industry

The IRS proposed regulations [REG-132634-14] to provide guidance on what is “qualified income” from a publicly traded partnership’s (PTP) activities regarding minerals or natural resources, such as oil and gas fracturing...more

A Permit System May Finally Arrive for the Migratory Bird Treaty Act - New Opportunities and Responsibilities

For years, Federal Courts have held that individuals can be held criminally liable under the Migratory Bird Treaty Act (MBTA) for the death of birds regardless of whether they intended to harm them. While several courts have...more

South Carolina Legislative Update

The Senate last week approved an amendment to the South Carolina Pain Capable Unborn Child Protection Act and gave the bill second reading. The Senate also returned the proposed body camera legislation to the House with...more

Fracking Is Not One-Size-Fits-All, Which Is Good News for California When It Comes to Water

Hydraulic fracturing, also known as “fracking,” has come under scrutiny for its potential impacts on water, including the risks to water quality and the amount of water used in the practice. California’s new regulations on...more

Oklahoma Follows Texas’ Lead in Prohibiting Local Hydraulic Fracturing Bans

In the wake of Texas’ recent “ban on banning hydraulic fracturing,” Oklahoma lawmakers have passed a similar law—SB 809—prohibiting municipal governments from regulating oil and gas drilling at the local level. The bill now...more

Shining a Light on Payments to Governments: The Current State of “Publish What You Pay” Rulemaking Around the World

Over the last few years, a number of key jurisdictions have adopted regulations requiring companies engaged in natural resource extraction activities to disclose the payments they make to governments and state-owned...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

Looks Like Frack is Back, Governor Abbott Signs House Bill 40

Yesterday, Governor Gregg Abbott signed into law House Bill 40, also known as the Denton Fracking Bill, which leaves municipalities with minimal power to regulate the oil and gas industry. The bill takes effect immediately...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

California Environmental Law & Policy Update - May 2015 #4

Environmental and Policy Focus - Crews struggle to clean up oil spill near Santa Barbara: KQED - May 21: Crews will begin excavating the 24-inch pipeline that ruptured Tuesday, unleashing a flow of crude oil that has...more

Can the Tax Man Come After Your Stored Gas?

The owner of 33 BCF of gas cant’ just stuff it in his pocket and move it county-to-county to avoid taxes. So, the question: Is gas in storage subject to ad valorem tax on personal property? The Harris County Appraisal...more

10 Keys To a Successful LNG Export Project

Introduction - With dozens of LNG export projects proposed around the globe in a low oil price environment, it is essential that project sponsors today consider those attributes that facilitate a successful project....more

Large-Scale Privatization 2015 Approved (Ukrainian)

On 12 May 2015, the Cabinet of Ministers of Ukraine adopted Resolution No. 271 “On Conducting a Transparent and Competitive Privatization in 2015” (the “Resolution”), which approved the list of more than 300 State-owned...more

'Commercial' Bribery: No Hiding Places

Graham Marchment was a British engineer in the oil and gas industry, with responsibilities for procurement. He accepted money, described as ‘commission’, from various bidders, in exchange for confidential information about...more

Large-Scale Privatization 2015 Approved

On 12 May 2015, the Cabinet of Ministers of Ukraine adopted Resolution No. 271 “On Conducting a Transparent and Competitive Privatization in 2015” (the “Resolution”), which approved the list of more than 300 State-owned...more

Baytex: ABQB Grants Rectification

In Baytex Energy Ltd. et  al. v. The Queen (2015 ABQB 278), the Alberta Court of Queen’s Bench considered whether rectification and/or rescission were available to address mistakes that could result in the taxpayer being...more

Carbon Utilization Legislation Introduced In The Senate

On May 11, 2015, Senators Joe Manchin (D-WV) and Heidi Heitkamp (D-ND) introduced S. 1282 -- a bill to amend the Energy Policy Act of 2005 to require the Secretary of Energy to consider the objective of improving the...more

1,719 Results
|
View per page
Page: of 69

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×