News & Analysis as of

Oil & Gas Competitive Bidding

Holland & Knight LLP

DOE, EPA Announce $1 Billion in Awards for Methane Emissions Reduction Programs

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The U.S. Department of Energy (DOE) and U.S. Environmental Protection Agency (EPA) signaled in mid-February 2024 that they plan to release a Funding Opportunity Announcement (FOA) to issue $1 billion through financial...more

Mayer Brown

When the Going Gets Tough the Tough get Going: Brazil Oil & Gas Thrives Despite the Pandemic

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Annus horribilis. This is a moniker that oil and gas insiders might well apply to 2020 given the disastrous effects on the industry from Covid-19 pandemic (“Pandemic”) and its accompanying recession which brought a...more

Holland & Knight LLP

UPME publica convocatoria servicios regasificación e infraestructura en el Pacífico en Colombia

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El pasado 29 de octubre de 2020 en Colombia la Unidad de Planeación Minero-Energética (UPME) expidió la Circular 044 de 2020 (la Circular), a través de la cual anunció la publicación del cronograma y los documentos de...more

Holland & Knight LLP

Colombia ANH Publica Lista Definitiva de Habilitados Proceso Permanente de Asignación de Áreas

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Bajo el actual Proceso Permanente de Asignación de Áreas (PPAA), la Agencia Nacional de Hidrocarburos (ANH) en Colombia publicó la lista definitiva de habilitados del PPAA. La misma fue actualizada el 19 de noviembre de 2019....more

Dorsey & Whitney LLP

Enbridge Open Season Terminated by Canada Energy Regulator

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On September 27, 2019, the Canada Energy Regulator (CER), formerly the National Energy Board (NEB), ordered Enbridge to terminate the open season process that had begun on August 2, 2019.  The order terminates a controversial...more

Akin Gump Strauss Hauer & Feld LLP

Mexico's Energy Industry Round 2.4: Mexico's Deep Water Success

On January 31, 2018, the Comisión Nacional de Hidrocarburos (“CNH”) completed the Presentation and Opening of Bid Proposals for the Fourth Tender of Round Two (“Round 2.4”), which was first announced on July 20, 2017. Round...more

Gray Reed

Oil, Gas and the Electronic Transactions Act

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In the spirit of Halloween, Le Norman Operating v. Chalker Energy Partners III is about a scary statute: The Texas Uniform Electronic Transactions Act, the UETA....more

Sheppard Mullin Richter & Hampton LLP

FCPA Accounting Provisions Have Teeth: Halliburton to Pay $29.2 Million to Settle FCPA Charges

Along with the anti-bribery provisions, the U.S. Foreign Corrupt Practices Act (“FCPA”) contains accounting provisions that apply to publicly traded companies. These provisions require that companies maintain and adhere to...more

Skadden, Arps, Slate, Meagher & Flom LLP

"Mexican Energy Sector Restructuring: New Opportunities for Renewables"

The ongoing effort to restructure the power sector in Mexico, together with Mexico’s strong policy on combating climate change, have created compelling opportunities for investors in renewable energy projects that likely will...more

King & Spalding

Implementing A Competitive Natural Gas Market In Mexico - CENAGAS to hold its first open season

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Centro Nacional de Control de Gas Natural (CENAGAS) has received authorization from the Comisión Reguladora de Energía (CRE) to conduct its first open season for the assignment of available capacity on a firm basis in the...more

Akin Gump Strauss Hauer & Feld LLP

FERC’s Maxim Settlement Shows Continued Focus on ISO and RTO Bidding Conduct

On September 26, 2016, the Federal Energy Regulatory Commission (FERC or the “Commission”) issued an order1 approving a Stipulation and Consent Agreement between its Office of Enforcement (“Enforcement”) and Maxim Power Corp....more

King & Spalding

Saudi Arabia and the Gulf Cooperation Council: Infrastructure Delivery Including Under a Public Private Partnership Model: Top 10...

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The sovereign funding gap caused by a low oil price environment, coupled with a global period of economic uncertainty, are two drivers leading governments and state owned enterprises (SOEs) throughout the Middle East and...more

Thomas Fox - Compliance Evangelist

Red Flags Squelch Corrupt PDVSA Deal

As the Petrobras corruption scandal seems to be going strong, we turn our attention to what may be the most corrupt of all the national energy companies, the Venezuelan state oil company Petroleos de Venezuela SA (PDVSA)....more

A&O Shearman

Oil & Gas Sector in Mexico: The Mexican Government Announces Round Two | Publications

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On July 20, 2016, the Mexican government, through the Comisión Nacional de Hidrocarburos (National Hydrocarbons Commission) (“CNH”), published in the Diario Oficial de la Federación (the Federal Official Gazette) the Bidding...more

King & Spalding

Development of Competitive Natural Gas Market in Mexico

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Mexico has prepared a plan for the development and implementation of an open and competitive marketplace for natural gas (Implementation Plan). The hope is that the Implementation Plan will result in a fully competitive...more

Pierce Atwood LLP

Participating in Mexico's Newly-Opened Energy Market: What You Need to Know

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In a comprehensive effort for reforms, Mexico has opened its country’s wholesale energy market and it is booming! Day-ahead power trading for the Baja California Sur system began on March 15, 2016, and for the Baja Peninsula...more

Akin Gump Strauss Hauer & Feld LLP

Mexico’s Energy Industry: Updated Bidding Guidelines and Contract Terms for Ronda Uno, Second Tender

On August 4, 2015, the Comisión Nacional de Hidrocarburos (the CNH) released revised versions of the Bidding Guidelines (the Guidelines) and the Model Production Sharing Contract (the PSC) for the Second Tender published on...more

BakerHostetler

ANP Announces the 13th Bidding Round for Exploration of Oil and Gas in Brazil

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The Brazilian National Council of Energy Policy (CNPE) recently authorized the 13th Bidding Round for Brazilian oil and gas resources. The Round includes 266 exploratory blocks, both onshore and offshore, and are distributed...more

Akin Gump Strauss Hauer & Feld LLP

Mexico’s Energy Industry - June 2015 #2

Ronda Uno, First Tender - On June 9, 2015, the Comisión Nacional de Hidrocarburos (“CNH”) published the final form of the Bidding Guidelines (“Guidelines”) and the Model Production Sharing Contract (“PSC”) for the...more

Bracewell LLP

Mexico’s National Hydrocarbons Commission (CNH) Issues Round One’s Third Bid For Onshore Fields

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Mexico’s National Hydrocarbon Commission (Comisión Nacional de Hidrocarburos) (“CNH”) announced on May 11 the terms for the third bid of Round One. Unlike the two earlier bids which covered 19 shallow water areas, the third...more

Locke Lord LLP

Q&A Series: Timing of Bid Rounds in Mexico

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What’s the next step in the Mexico bid rounds process? JKA: Five sectors have been designated for bidding in Round One; Shallow Water; Heavy Oil; Unconventionals, including natural gas; Onshore and Deepwater. To begin,...more

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