The Consequences Of Rising Inflation & Crude Oil Prices
Brownstein was privileged to sponsor this year’s Rockies Petroleum Conference, hosted by the Petroleum Association of Wyoming, in Laramie, Wyoming, on Aug. 21–23, 2024....more
On July 5, 2024, the Ministry of Mineral Resources and Energy (Ministério dos Recursos Minerais e Energia - "MIREME") published Ministerial Diploma No. 55/2024 ("DM 55/2024") to establish within the scope of petroleum...more
Domestic oil production in the U.S. reached a new record in November 2023, hitting 13.31 million barrels per day, according to data from the U.S. Energy Information Administration. In “Domestic Oil Production in U.S Reached...more
Record U.S. Oil Production and the Potential Impacts - Domestic oil production in the U.S. reached a new record in November 2023, hitting 13.31 million barrels per day, according to data from the U.S. Energy Information...more
The Virginia Clean Energy Act, the Botetourt County Battery Power Facility and the Impact on the Commonwealth - The Virginia Clean Energy Act (“VCEA”) mandates that Dominion Energy Virginia and Appalachian Power, the two...more
El Proyecto de nueva Norma Oficial Mexicana pretende regular aspectos relacionados con las instalaciones de almacenamiento de Gas LP....more
The EPA on Friday granted a waiver of its traditional summer ban on the sale of gasoline with 15-percent ethanol — or “E15” — to continue mitigating the disruption of fuel commerce around the globe caused by the conflict in...more
Hosted by The Canadian Institute, the 22nd Annual Arctic Energy & Resource Symposium returns with curated programming that makes this a must-attend event for government and industry professionals involved in Northern...more
Effective February 5, 2023, a coalition of G7 countries, Australia, and the European Union have generally forbidden service providers to provide certain services relating to the maritime transport of certain Russia-origin...more
In IFP Technologies (Canada) Inc v EnCana Midstream and Marketing, 2022 ABKB 807, the Court considered for the first time how to perform an accounting of profits from an oil and gas working interest between tenants in common...more
Over the past decade there has been an influx of small- and medium-sized entrants to the U.K. gas supplier market, which is supervised by Great Britain’s independent energy regulator, the Office of Gas and Electricity Markets...more
Ryan Dusek, Director in the Commodity Risk Advisory Group at Opportune LLP, discusses what the Fed is doing to combat inflation, how inflation is impacting crude oil prices and the broader economy, and more....more
On July 26, 2022, the Energy Regulatory Commission (“CRE”) published a preliminary draft of new “General Administrative Provisions that establish the requirements for the filing of applications, updates, modifications and...more
On August 1, 2022, the Energy Regulatory Commission ("CRE") published a preliminary draft of new "General administrative provisions that establish the requirements for the submission of applications for permits,...more
Cap and Trade Gets a Big Win in Pennsylvania. Will It Last? "Pennsylvania Gov. Tom Wolf (D) announced that his administration had finalized a regulation to join the Regional Greenhouse Gas Initiative, a cap-and-trade...more
Shell’s Board of Directors Sued for ‘Failing to Properly Prepare’ for the Energy Transition - "It argues the board’s failure to implement a climate strategy that truly aligns with the landmark Paris Agreement is a breach...more
FERC Warned Renewables Planning Can Strand Grid Assets - "But at a FERC technical conference, others highlighted a potential risk for overbuilding and the cost it could incur for consumers." Why this is important: It's...more
Russia Chooses Not to Raise Natural Gas Supplies to Europe Despite Putin’s Pledge to Help - "Highly anticipated auction results showed Russia’s state gas giant Gazprom had not booked additional gas transit capacity for...more
Coal Power to Increase for First Time Since 2014, US Says - "The amount of electricity produced by coal plants is expected to tick up 22% in 2021, reversing coal’s six-year downward trend." Why this is important: For...more
Ford Building Massive Electric Vehicle and Battery Plants with $11.4 Billion Investment "Automaker says production hubs will bring 11,000 jobs to Tennessee and Kentucky." Why this is important: Ford Motor Company and...more
China Risks Winter Energy Crunch - "China is at risk of the same energy-crunch chaos seen in Europe, with a state-run newspaper warning that coal-fired power plants will struggle to keep the lights on this winter." ...more
Gas Stations Run Dry as Pipeline Races to Recover From Hacking - "Gas stations along the U.S. East Coast are beginning to run out of fuel as North America’s biggest petroleum pipeline races to recover from a paralyzing...more
Following our client alert published on March 30, 2021, the "decree by which several provisions of the Hydrocarbons Law are amended and added" (the "Reform") was published on May 4, 2021 and entered into effect on May 5,...more
Welcome to Volume 5, Issue 11 of Currents. As we begin a new month. I'll remind everyone that we are continually looking to write about different topics... In Shift, Oil Industry Group Backs Federal Price on Carbon - ...more
We review what happened in Nigeria’s upstream petroleum sector during the previous year – a year that saw a new marginal field bid round, an oil price crash and the onset of a terrible global pandemic. We also consider what...more