News & Analysis as of

Petroleum

North Sea Decommissioning - The Challenges Ahead

Where are we now? It all sounds simple enough. The dual objectives of the UK government today in relation to petroleum production from the North Sea are to maximise the economic recovery from domestic reserves and, once...more

“We’re [still] number one! We’re [still] number one!”

by Kelley Drye & Warren LLP on

According to the U.S. Energy Information Administration (EIA), “The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2016 for the fifth straight year despite production declines for...more

The opportunity and promise of decommissioning

by White & Case LLP on

The UK's oil and gas decommissioning regime has long been seen to be in the front-line of petroleum developments and operations around the world, and much has been said about the resulting decommissioning liabilities and...more

Significant Developments in Canadian Energy – For the Month of March 2017

by Dentons on

Oil Sands / Unconventional - March 29, 2017 – Cenovus Energy Inc. (“Cenovus”) agreed to acquire ConocoPhillips’s 50% interest in the FCCL Partnership, which is the companies’ jointly owned oilsands venture operated by...more

New Rule Simplifies Evaluation Process for LPG Supply Stations in Mexico

by Holland & Knight LLP on

Mexico's Agency for Industrial Security and Environmental Protection in the Hydrocarbons Sector, or Agencia Nacional de Seguridad Industrial y de Protección al Medio Ambiente del Sector Hidrocarburos (ASEA), issued an...more

Nuevo Acuerdo Simplifica Proceso de Evaluación Ambiental para Estaciones de Gas LP

by Holland & Knight LLP on

El pasado 24 de enero, la Agencia Nacional de Seguridad Industrial y de Protección al Medio Ambiente del Sector Hidrocarburos (ASEA), publicó en el Diario Oficial de la Federación un Acuerdo mediante el cual pretende regular...more

Comment Period Begins for EPA CERCLA 108(b) Bonding Rule for Hardrock Mining Industry

by Perkins Coie on

On January 11, 2017, the Environmental Protection Agency’s proposed rule for financial assurance requirements under Section 108(b) of the Comprehensive Environmental Response, Compensation and Liability Act for the hardrock...more

Significant Developments in Canadian Energy – For the Month of December 2016

by Dentons on

Conventional - December 15, 2016 – Athabasca Oil Corporation entered into agreements with Statoil ASA and its wholly owned subsidiary Statoil Canada Ltd. to acquire their Canadian thermal oil assets for consideration...more

New Jersey Reverses Tax Policy on Petroleum-Based Consumer Products

by Reed Smith on

If you sold petroleum-based consumer products into New Jersey and paid petroleum products gross receipts tax, you have a refund opportunity. The New Jersey Division of Taxation’s long-standing position is that...more

Iran Issues Pre-qualification for Upstream Tenders

by Dentons on

Iran is said to be targeting an increase in oil production from 3.85 to 4 million barrels per day by the end of 2016. Iran is also hoping to start export of a new heavy oil, called West Karun, and which is expected to compete...more

Significant Developments in Canadian Energy – For the Month of August 2016

by Dentons on

Conventional - August 2, 2016 – Quattro Exploration and Production Ltd. has signed a letter of intent for the sale of certain oil and gas production facilities and lands in Western Canada to an Alberta-based oil and gas...more

Unitization: Specific Considerations for LNG Export Projects

by King & Spalding on

Unitized Gas to LNG Export - A number of global LNG export projects – existing, under construction and planned – process (or will process) natural gas produced from unitized gas fields. Gas produced from unitized gas...more

The New North Sea – Part 2: the legal mechanics of “MER UK”

by Dentons on

This is the second in a series of posts on the new regulatory regime for the North Sea oil and gas industry following the enactment of the Energy Act 2016.  In the first post we introduced the new regime.  Here, we look at...more

The Tale of the Shale: U.S. Remained the World’s Top Producer of Petroleum and Natural Gas Hydrocarbons in 2015

by Kelley Drye & Warren LLP on

“U.S. petroleum and natural gas production first surpassed Russia in 2012, and the United States has been the world’s top producer of natural gas since 2011 and the world’s top producer of petroleum hydrocarbons since 2013.”...more

Toxic Tort and Environmental Litigation: Discharger of Petroleum Not Able to Maintain Suit Against Another Discharger (5/16)

Under Navigation Law § 181, a party injured by the intentional or inadvertent discharge of petroleum products may bring a claim for damages against the party responsible for the discharge. But what if the injured party also...more

UK Shale: Fracking is Given the Green Light

Recent developments in fracking in the UK - On 23 May 2016, the North Yorkshire County Council voted in favour of an application by Third Energy to extract shale gas from an existing onshore gas well in northeast England...more

The New North Sea – Part 1: the revolution begins here

by Dentons on

How much of a difference will the recent reforms of UK offshore oil and gas regulation make to the industry and its stakeholders? It may be too early to say whether the creation of the Oil and Gas Authority (OGA), the...more

Significant developments in Canadian energy – for the month of March 2016

by Dentons on

Conventional - March 9, 2016 – Encana Corporation is exploring the sale of more non-core assets in the United States and Canada that could net proceeds of approximately $1 billion. Encana is open to offers on all of...more

EPA Proposes Significant Expansions of Its Risk Management/Accidental Release Prevention Program

by Robinson & Cole LLP on

On March 14, 2016, The Environmental Protection Agency (EPA) published proposed revisionsto the Risk Management Program (RMP) (also known as Accidental Release Prevention) rule at 40 CFR Part 68, under Section 112(r) of the...more

Maine Modifies Vapor Intrusion Guidance

by Pierce Atwood LLP on

Addressing a hot topic, the Maine Department of Environmental Protection (DEP) just issued “Supplemental Guidance for Vapor Intrusion (VI) of Chlorinated Solvents and other Persistent Chemicals” superseding guidance issued in...more

Significant developments in Canadian energy – For the month of January 2016

by Dentons on

Conventional - January 6, 2016 – Perisson Petroleum Corporation, which currently operates only in Colombia, announced that it has entered into a long-term relationship with a new strategic investor group that wants to...more

Alert: Gas Station Owners: State to Pursue Claims of MTBE Contamination

by Pullman & Comley, LLC on

Over a decade ago, Connecticut, like much of the country, had concerns over groundwater contamination from gasoline containing the additive MTBE. Although much of the country had let the issue of MTBE contamination fall by...more

Truthiness and Truth Edition

by Gray Reed & McGraw on

Truthiness: A quality characterizing a “truth” that a person making an argument or assertion claims to know intuitively, “from the gut” or because it “feels right” without regard to evidence, logic, intellectual examination...more

Court Allows Pennsylvania Punitive Damages Claims in Petroleum Exposure Case

by Beveridge & Diamond PC on

The judge in a petroleum exposure case will allow a jury to decide whether a gas station operator and its environmental consultant recklessly failed to inform a plumber of the risks of working in an excavated pit with a...more

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

by Moore & Van Allen PLLC on

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

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