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Oil & Gas

Akerman LLP

Venezuelan Oil: Hydrocarbons Law Reform and a Set of OFAC General Licenses

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In the span of a few days, Venezuela has moved to open its oil sector to private capital while U.S. regulators have set out a sanctions pathway for trading in Venezuelan‑origin crude. Venezuela’s amendment to its hydrocarbons...more

Mayer Brown

Brasília em Pauta - Edição Nº 227

Mayer Brown on

Prezados e prezadas, O “Brasília em Pauta” é um boletim semanal preparado pela equipe de Contencioso de Brasília, contendo os principais casos a serem julgados pelo Supremo Tribunal Federal (STF), Superior Tribunal de...more

Clark Hill PLC

U.S.- India Trade Deal | Phase 1 Update

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On Feb. 3, Clark Hill described the U.S. – India tariff “reset” as a big commercial signal with thin operational detail. Several days later, the picture is now sharper. ...more

Akin Gump Strauss Hauer & Feld LLP

Oil & Gas in 2026: Antitrust & Competition

In the U.S., new Federal Trade Commission chair Andrew Ferguson took office in January 2025, promising a more permissive approach to merger approvals that was broadly welcomed by oil & gas companies eager to do deals....more

Akin Gump Strauss Hauer & Feld LLP

Oil & Gas in 2026: International Arbitration

Several significant international arbitration decisions were handed down for the oil & gas industry through 2025, with the most notable cases concerning joint operating agreements (JOAs), LNG long-term supply contracts and...more

Pillsbury - Global Trade & Sanctions Law

OFAC Issues Venezuela General Licenses Authorizing Certain Oil-Related Activities

Following the removal of Venezuelan President Nicolás Maduro on January 3, 2026, the Trump administration has taken actions to expand Venezuela-related oil trade and investment opportunities, primarily for U.S. companies....more

Akin Gump Strauss Hauer & Feld LLP

Oil & Gas in 2026: Energy Policy & Regulation

We expect the Federal Energy Regulatory Commission (FERC) to play a pivotal role in formalizing and institutionalizing many of the Administration’s policies around energy dominance, including the integration of large loads...more

Houston Harbaugh, P.C.

Deep Geothermal Comes to Pennsylvania: Senate Bill 1131

Houston Harbaugh, P.C. on

Most people are familiar with geothermal energy from pictures of Iceland and from the heat pumps in their home. But, geothermal energy can be located in much broader geographic areas, and can be useful for large-scale energy...more

Foley & Lardner LLP

Venezuela’s New Hydrocarbon Framework: Key Considerations for Energy, Financial, and Sanction Sensitive Businesses

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We thank our colleagues Arnoldo Troconis and Carlos Omaña at D’Empaire Reyna Abogados—Foley’s Latin American Network member firm in Venezuela since 1998—for their invaluable assistance in analyzing these reforms....more

Gray Reed

Crude Oil Traders Fend Off the Tax Man

Gray Reed on

It’s hardly a win for the little guy against The Man, but in San Patricio County Appraisal District v. Gunvor USA LLC (consolidated with a similar suit against Devon Gas Services, agent for Glencore Ltd.), a Texas court...more

Allen Matkins

California Environmental Law & Policy Update 2.6.26

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State legislation proposed this week, known as Senate Bill 982, the Affordable Insurance Recovery Act, would authorize California’s attorney general to sue fossil fuel companies to recover losses from climate-induced...more

Husch Blackwell LLP

U.S. Lifts Certain Tariffs on India

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On February 6, 2025, President Trump signed an executive order titled Modifying Duties to Address Threats to the United States by the Government of the Russian Federation, rescinding the 25% IEEPA tariff imposed on India for...more

Akin Gump Strauss Hauer & Feld LLP

OFAC Issues General License 47 to Authorize the Sale of US-Origin Diluents to Venezuela, Complementing Recent Authorization...

Subject to certain conditions and exceptions, General License (GL) 47 authorizes—without any time limitation—all transactions that are ordinarily incident and necessary to the exportation, reexportation, sale, resale, supply,...more

Akin Gump Strauss Hauer & Feld LLP

Oil & Gas in 2026: M&A and Joint Venture Activity

A combination of macroeconomic uncertainty, geopolitical shifts and volatile oil prices had an impact on M&A activity in the oil & gas industry through 2025. Notably, new or increased tariffs on U.S. imports of steel and...more

ArentFox Schiff

Can You Sell Venezuelan-Origin Oil Now? Try Our Checklist and See!

ArentFox Schiff on

On January 29, the Office of Foreign Assets Control (OFAC) took its first steps to loosen the sanctions against Venezuela following the capture and removal of Nicolás Maduro at the beginning of January....more

Ankura

[Webinar] What’s Next for Venezuela: Political, Economic, and Energy Outlook Live Executive Briefing | Panel Discussion & Q&A -...

Ankura on

As political and policy decisions in Caracas begin to materially influence U.S. policy, regional stability, global energy markets, and private‑sector engagement, organizations with exposure to Venezuela and the broader Latin...more

Haynes Boone

When “Skin in the Game” Meets Uninsurable Risk: Rethinking “Knock-for-Knock” Carve Outs

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In the offshore oil and gas sector, procurement contracts have long served as sophisticated risk management tools designed to promote commercial certainty by clearly defining parties’ obligations and allocating risks in a...more

Foley Hoag LLP

New OFAC General License Opens Door to Venezuelan Oil for U.S. Entities

Foley Hoag LLP on

Key Takeaways: U.S. entities can now trade in Venezuelan oil without violating the Venezuela Sanctions Regulations. The Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has issued a general license...more

Mayer Brown

New IBAMA Regulation on Ship-to-Ship Operations Enters into Force

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On January 23, 2026, Normative Instruction No. 22/2025 (the ”NI”), issued by the Brazilian Institute of the Environment and Renewable Natural Resources (“IBAMA"), entered into force. The NI regulates the procedures for...more

Mayer Brown

Brazil O&G Permanent Offer: ANP Approves Draft Tender Protocol

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On January 26, 2026, Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (“ANP”), approved by means of Directors Decision No. 54/2026 the new draft tender protocol of the Permanent Offer under the Production...more

Holland & Knight LLP

The Maritime Sector: A "Front Line" of U.S. Sanctions

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The maritime shipping sector has become a key target of sanctions policymakers and enforcement agencies in the U.S., European Union and United Kingdom as government authorities in these jurisdictions seek to advance national...more

Eversheds Sutherland (US) LLP

New OFAC General Licenses Set The Stage For Renewed US And International Engagement In Venezuela’s Energy Sector

The Trump Administration has issued two new General Licenses (GLs) authorizing limited engagement in Venezuela’s oil trading sector. More licenses are anticipated in the coming days or weeks, affecting upstream and downstream...more

Akin Gump Strauss Hauer & Feld LLP

Oil & Gas in 2026: The Next Chapter in the Energy Economy

Oil & gas companies are continuing to adjust from the meaningful swing in public policies between the prior U.S. presidential administration of President Biden and the second Trump administration, which entered office at the...more

Ropes & Gray LLP

Finally, a constitutional reckoning for the Texas anti-boycott statute

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Texas adopted SB 13, its energy company “anti-boycott” statute, nearly five years ago, in 2021. This legislation was one of the earliest concrete shots across on the bow in the then-burgeoning anti-ESG movement....more

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