Through a series of recently issued general licenses, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has relaxed its Venezuela Sanctions Regulations (VSR) to create a critical pathway for...more
2/23/2026
/ Compliance Management Systems ,
Contract Negotiations ,
Contract Terms ,
Due Diligence ,
Economic Sanctions ,
Foreign Investment ,
General Licenses ,
Investment ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Regulatory Requirements ,
Risk Management ,
Sanctions ,
U.S. Treasury ,
Venezuela
Trump administration authorizes transactions involving Venezuelan oil sector, but subject to detailed conditions to align with U.S. policy objectives. Companies seeking to do business with Venezuela should confirm that their...more
2/2/2026
/ Contract Terms ,
Due Diligence ,
Economic Sanctions ,
Executive Orders ,
Foreign Policy ,
General Licenses ,
Hydrocarbons ,
International Trade ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Reporting Requirements ,
Trump Administration ,
U.S. Treasury ,
Venezuela
The recent arrest and arraignment of Venezuelan President Nicolás Maduro has profound legal and economic implications, particularly within the oil and gas sector. The Venezuelan oil sector is now in a state of disrepair due...more
1/7/2026
/ Arbitration ,
Bilateral Investment Treaties ,
Debt Restructuring ,
Dispute Resolution ,
Economic Sanctions ,
Executive Orders ,
Foreign Investment ,
Infrastructure ,
International Arbitration ,
Investment ,
Investment Disputes ,
Investor State Dispute Settlement (ISDS) ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Restructuring ,
Trump Administration ,
U.S. Treasury ,
Venezuela
On December 19, 2025, Treasury and the IRS released Notice 2026-1 (the “Notice”) establishing an alternative method for taxpayers to substantiate carbon oxide sequestration volumes for section 45Q carbon capture tax credits...more
12/23/2025
/ Carbon Capture and Sequestration ,
Energy Tax Incentives ,
Environmental Protection Agency (EPA) ,
Greenhouse Gas Emissions ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
One Big Beautiful Bill Act ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Safe Harbors ,
Tax Credits ,
Tax Incentives ,
Treasury Regulations ,
U.S. Treasury
As energy infrastructure projects ramp up along the U.S. Gulf Coast and beyond, the role of states in holding primary enforcement authority (“primacy”) for certain federal programs has taken center stage; this is particularly...more
12/16/2025
/ Carbon Capture and Sequestration ,
Eminent Domain ,
Energy Projects ,
Environmental Litigation ,
Environmental Protection Agency (EPA) ,
Infrastructure ,
Louisiana ,
Permits ,
Pipelines ,
Regulatory Authority ,
Safe Drinking Water Act ,
State and Local Government ,
Texas ,
Underground Injection Wells
Baker Botts was proud once again to partner with Rice University’s Baker Institute Center for Energy Studies (CES) for the 9th Annual Energy Summit, held October 7–8 in Houston. This year’s theme — “Resilience in Energy...more
10/23/2025
/ Artificial Intelligence ,
Clean Energy ,
Energy Policy ,
Energy Sector ,
Infrastructure ,
International Trade ,
Investment ,
Natural Gas ,
Nuclear Power ,
Oil & Gas ,
Renewable Energy ,
Supply Chain ,
Tariffs
On June 9, 2025, EPA issued a prepublication version of the proposed rule granting Class VI underground injection control (“UIC”) primary enforcement authority (“primacy”) to Texas. Class VI UIC wells are used for the...more
6/12/2025
/ Carbon Capture and Sequestration ,
Energy Projects ,
Environmental Protection Agency (EPA) ,
Government Agencies ,
Oil & Gas ,
Permits ,
Proposed Rules ,
Regulatory Authority ,
Rulemaking Process ,
State and Local Government ,
Texas
On January 3, 2025, the Internal Revenue Service (“IRS”) and the Department of the Treasury (“Treasury”) released long-awaited final regulations regarding the clean hydrogen production tax credit under section 45V of the...more
1/6/2025
/ Energy Projects ,
Energy Sector ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Natural Gas ,
Production Tax Credit ,
Renewable Energy ,
Tax Credits ,
U.S. Treasury