Petroleum

News & Analysis as of

Comparing Franchise Relationships and Beer Distribution Relationships

Beer distribution laws differ from traditional franchise laws in many ways, but they do share some commonalities. As a matter of fact, many states now regulate the relationship between those who brew or import beer into a...more

New York’s Highest Court Affirms Zoning Ordinances Banning Hydrofracking

The Insurance Law Blog has been following decisions related to hydraulic fracturing for potential impacts on insurance coverage issues. As we previously reported in May 2013, the New York Supreme Court, Appellate Division,...more

Beyond Truth, and Toward Repose: Price Increases Following “Merger to Monopoly” Do Not Rekindle Statute of Limitations

Z Technologies Corp. v. Lubrizol Corp., No. 2:12-cv-12206 (6th Cir., May 23, 2014). In February, 2007, Lubrizol Corporation made a “merger to monopoly” acquisition of the assets of a competitor. The acquisition...more

Mexico Opens Up Its Energy Industry: The Liberalization of Mexico’s Energy Sector May Lead to New Opportunities for Investors

Mexico’s president, Enrique Peña Nieto, introduced a reform in August 2013, according to which the Mexican state will give up absolute control over the supply of oil, gas and electricity. The relevant bill changing the...more

CERCLA Preempts State-Law Claims Arising Out Of Petroleum Contamination

In what appears to be a first, a federal district court has held that the “Petroleum Exclusion” under the Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”) preempts state-law contribution claims...more

Train Explosion Drives Federal Railroad Administration to Issue New Regulations Impacting the Transportation of Petroleum Products

On August 2, 2013 the Federal Railroad Administration ("FRA") released Emergency Order No. 28, Notice No. 1 and Safety Advisory 2013-06 in response to the July 2013 tragedy in Lac-Mégantic, Quebec, Canada where a cargo train...more

Fish and Wildlife Service says No to Alaska’s request for oil exploration in the Arctic National Wildlife Refuge

The Arctic National Wildlife Refuge (“ANWR”) is in the news again. This refuge, set in the midst of some of the nation’s richest petroleum deposits, has been a source of contention and controversy since the passage of the...more

Financing Petrochemical Projects In China – A Sponsors' Perspective

Although the nature and function of petrochemical processes and products is often a very unfamiliar subject to the average person working outside the chemicals industry, petrochemicals and the end–products that they make...more

TRANSACTIONAL: Corporate / London: Turkey's New Petroleum Law: Its objectives and how they will be achieved

Overview - Turkey aims to become a regional energy hub, in terms of both production and transit of hydrocarbons. In particular, and largely in response to recent large gas discoveries by nearby Cyprus and Israel, the...more

Pipeline Loses Effort To Condemn Private Land

Private property rights advocates scored a big victory in a Texas condemnation case in the ongoing battle between pipelines and landowners over the power of eminent domain. (See our last post for a decision with the opposite...more

Keystone XL Can Take Land Before Appeals Are Exhausted

Two recent cases from the same Texas court reflect the ongoing uncertainty over the threat to private property rights posed by the Keystone XL and other pipelines....more

Texas Ninth Court of Appeals Issues Contrasting Opinions Addressing Pipeline Condemnation Authority

Recently, the Texas Court of Appeals for the Ninth District at Beaumont issued two contrasting opinions which provide guidance for the application of the Texas Supreme Court's 2012 decision in Texas Rice Land Partners, Ltd....more

Energy Newsletter - May 2013

In This Issue: - DISPUTE RESOLUTION: - Oil & Gas Litigation: New Decision May Impede Fracking on Federal Land - Intellectual Property: Non-Practicing Entities (Patent Trolls) Target Oil and Gas...more

TRANSACTIONAL: Corporate / London: Nigeria’s Petroleum Industry Bill: promising legislation beset by problems

The History - A “Petroleum Industry Bill” has created an unprecedented level of discussion for a new piece of legislation in Nigeria. Perhaps the level of interest should not come as a surprise given the extent to...more

New Reporting Requirements Under the Iran Threat Reduction and Syria Human Rights Act of 2012

On August 10, 2012, the United States delivered its latest economic blow to Iran by enacting the Iran Threat Reduction and Syria Human Rights Act of 2012. U.S. companies have long been forbidden from engaging in most...more

Compliance Issues with the New SEC Reporting and Disclosure Requirements Under the Iran Threat Reduction and Syria Human Rights...

Originally published in Securities Regulation & Law Report on December 12, 2012. In August 2012, the Iran Threat Reduction and Syria Human Rights Act of 2012 (‘‘ITRSHRA’’) was passed to expand U.S. sanctions against Iran...more

Canadian Government Approves CNOOC’s Acquisition of Nexen

Monumental US$15.1 billion acquisition results in the largest foreign acquisition by a Chinese company to date. On December 7, the Canadian government approved the acquisition of Calgary, Alberta–based petroleum company...more

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