News & Analysis as of

Oil & Gas

Gray Reed

Louisiana Legacy Pollution Plaintiff Thwarted … For a Moment

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In WMH  Farms v. Apache Corporation the Third Circuit Court of Appeal reversed summary judgment in favor of plaintiff/landowner WMH against lessee JP Oil and dismissed JP’s third-party demand against Walter Oil and Gas....more

K2 Integrity

Venezuela—Rising Investor Interest in a High-Risk Environment

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In the early hours of 3 January 2026, Venezuela’s president Nicholas Maduro and his wife Ceilia Flores were seized by U.S. special forces during a night-time raid and flown to the United States to face trial on charges of...more

Paul Hastings LLP

UK Tax Authority to Make Foreign Branch Exemption Mandatory

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On 21 May 21 2026, HMRC published a policy paper proposing significant changes to the UK corporation tax treatment of UK resident companies who conduct part of their business through a foreign permanent establishment (PE). ...more

Brownstein Hyatt Farber Schreck

Wyoming Primaries and 2026 Election

It’s summer in Wyoming, and people across the state are gearing up for an exciting election season as candidates hit the campaign trail. This year, Wyomingites will vote on an open U.S. Senate seat, its lone congressional...more

Husch Blackwell LLP

Mineral Rights and 45Q Recapture: An Overlooked Legal Risk in Texas Carbon Capture and Storage Projects

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The rapid growth of carbon capture and storage (CCS) projects across the United States has been fueled in large part by the enhanced tax credits available under Section 45Q of the Internal Revenue Code of 1986, as amended...more

The Volkov Law Group

$275 Million Lesson: What Adani’s OFAC Settlement Teaches Us About Red Flags

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When Adani Enterprises Limited (AEL) entered the liquified petroleum gas (LPG) market in 2023, it needed a competitive edge. It found one — a Dubai-based supplier offering meaningfully discounted LPG, purportedly from Oman...more

Hughes Hubbard & Reed LLP

Sanctions in a Snap: Developments in Sanctions May 2026

Hughes Hubbard’s “Sanctions in a Snap” is intended to provide a clear and concise summary of recent developments from the Office of Foreign Assets Control (OFAC). We hope you find it helpful in assessing U.S. economic...more

Flaster Greenberg PC

As Armenia Looks West, Russia Threatens Its Energy Supply

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Armenia, a small, landlocked country of 3 million people in the Caucasus and a former Soviet Republic, will go to the polls on June 7. Traditionally a strong ally of Russia, it has recently turned westward and begun applying...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Nationwide Permits/Clean Water Act: American Petroleum Institute and Other Energy Organizations Comments on US Army Corp of...

The American Petroleum Institute and a number of other energy related organizations submitted May 15 comments to the United States Army Corp of Engineers (“Corps”) regarding the Federal Register Notice seeking input on ways...more

Mayer Brown

ANP Presents Proposal to Modernize E&P Licensing Rounds in Partnership With B3

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On April 27, 2026, the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) held the “ANP’s New E&P Licensing Model: Partnership with B3” workshop, aimed at representatives of the oil and gas exploration and...more

Gray Reed

Master Service Agreement Establishes Louisiana Statutory Employee Status

Gray Reed on

Another dispute is resolved according to the provisions in a Master Service Agreement. Have you reviewed yours lately? Jones was employed by Murphrey Oil Company....more

Mayer Brown

Russia/Ukraine Sanctions Update - Month of May 2026

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I. US SANCTIONS - OFAC Extends General License for the Delivery and Sale of Russian Federation Crude Oil and Petroleum Products: On May 18, OFAC issued an updated general license authorizing certain transactions ordinarily...more

McGinnis Lochridge

How Far Does “Free Of Cost Forever” Go? Not Far.

McGinnis Lochridge on

Fasken Oil & Ranch, Ltd. v. Puig, No. 24-1033, _____ S.W.3d ____, 2026 WL 969268, 2026 Tex. LEXIS 289 (Tex. Apr. 10, 2026)....more

Allen Matkins

California Environmental Law & Policy Update 5.29.26

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The U.S. Bureau of Land Management (BLM) last week released its final environmental report on a controversial oil and gas leasing proposal that could open approximately 850,000 acres of public lands and federal mineral estate...more

Opportune LLP

Rethinking Upstream Severance Tax: Moving From Transactional Refunds to Process Correction

Opportune LLP on

Severance tax is among the largest recurring tax burdens that many upstream producers face, yet it is often one of the least reviewed areas in the tax process. Calculating allowable deductions, particularly marketing costs...more

Opportune LLP

The Market’s Lack of Midstream Understanding is Impeding America’s Competitiveness

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Understandably, the public discussion about artificial intelligence has centered on the “Tech Bros”, the chips, the software, and the geopolitical issues. However, investors, regulators, and policymakers need to recognize...more

Herbert Smith Freehills Kramer

Tax and customs in the resources sector: an expanding toolkit for states

African governments are rapidly modernising their approach to tax and customs in the resources sector. Fiscal tools, tighter compliance frameworks and procedural reforms are reshaping investment and operational conditions...more

Mayer Brown

Progress in the Implementation of the Brazilian Emissions Trading System: CTCP Resolutions and Sectoral Coverage Proposal

Mayer Brown on

On May 12, 2026, the Permanent Technical Advisory Committee (CTCP)—a body within the governance structure of the Brazilian Emissions Trading System (SBCE)—published a package of resolutions aimed at regulating its internal...more

Cornerstone Research

Characteristics of U.S. Natural Gas Transactions: Insights from FERC Form 552 Submissions as of August 12, 2025 - Executive...

Cornerstone Research on

Total trading volume reported in Form 552 data increased for the 10th consecutive year in 2024. The share of Form 552 index-priced transaction volume, and the breakdown between next-month and next-day transactions, remained...more

Holland & Knight LLP

Venezuela Update: May 28, 2026 (Spanish)

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Holland & Knight's Venezuela Strategic Advisory Team invites you to read our Venezuela Update, in which we discuss the latest news, trends and developments impacting the interests of businesses across all industry sectors. ...more

Holland & Knight LLP

Venezuela Update: May 28, 2026 (English)

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Holland & Knight's Venezuela Strategic Advisory Team invites you to read our Venezuela Update, in which we discuss the latest news, trends and developments impacting the interests of businesses across all industry sectors. ...more

Blake, Cassels & Graydon LLP

Implementation of the Canada-Alberta MOU: Key Takeaways for Carbon Markets in Alberta

On May 15, 2026, the governments of Canada and Alberta announced an Implementation Agreement to address several aspects of the November 2025 Memorandum of Understanding (MOU) on energy collaboration. In addition to...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Nationwide Permits/Clean Water Act: American Gas Association Comments on US Army Corp of Engineers Solicitation of Input on...

The American Gas Association (“AGA”) submitted May 15 comments to the United States Army Corp of Engineers (“Corp”) regarding its federal registered notice seeking input on ways to increase efficiency of the Clean Water Act...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Air Enforcement: U.S. Environmental Protection Agency and Reeves County, Texas Saltwater Disposal Facility Operator Enter into...

The United States Environmental Protection Agency (“EPA”) and WES Water Holdings, LLC (“WES”) entered into a May 14th Consent Agreement (“CA”) alleging violations of Clean Air Act regulations. See Docket NO. CAA-06-2026-3303....more

The Volkov Law Group

Can U.S. Companies Do Business in Venezuela Again?

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Venezuela is a tempting new business arena. Many companies assume that Venezuela remained completely off limits. That is no longer accurate, the compliance risks are actually increasing....more

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