The Consequences Of Rising Inflation & Crude Oil Prices
Tuesday night, President Joe Biden spoke to Congress in his first State of the Union address. In an hour long speech, President Biden covered a variety of topics and urged Congress to pass numerous pieces of legislation....more
On December 21, 2020, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) published (i) Resolution No. 835/2020, which extends the effective term of certain ANP resolutions with measures related to the public...more
Overview of the current energy mix, and the place in the market of different energy sources - Due in large part to the COVID-19 pandemic, U.S. total energy consumption in 2020 is on pace to decline for a second straight...more
Corona-Induced CO2 Emission Reductions are Not Yet Detectable in the Atmosphere - "Based on current data measured in the energy, industry, and mobility sectors, restrictions of social life during the corona pandemic can be...more
The United States Energy Information Administration (“EIA”) published an August 28th report titled: Changing Demand for Petroleum Products Has Led to Operational Changes at U.S. Refineries (“Report”)- Utilizing...more
Exxon Mobil: Doubling Down While Facing Peak Oil Demand - "With most competitors pivoting away from upstream growth, Exxon continues to press ahead with investments despite very challenging current price environment for...more
China's New Coal Projects Make Up 90% of Global Total for First Half of 2020: Study - "Global coal-fired generation capacity saw a net decline of 2.9 gigawatts from January to June, the first drop on record for a six-month...more
On August 3, 2020, the National Hydrocarbons Commission (the "CNH") published through the Federal Official Gazette, the resolution whereby the CNH establishes several measures in order to promote the development of petroleum...more
Big Oil repeatedly remanded to state courts - will SCOTUS come to the rescue? "Oil companies facing suits by state and local governments that want them to bear a share of the cost of responding to the consequences of...more
Dominion Energy and Duke Energy Cancel Construction of Atlantic Coast Pipeline - "Despite a recent win for the project in the US Supreme Court, ongoing delays, litigation and an expected increase in costs threatened the...more
Top Court Seeks Trump Administration Input on PennEast Pipeline - "The U.S. Supreme Court asked the Trump administration for input on a PennEast Pipeline Co. appeal that aims to jump-start a planned natural-gas line by...more
Industry Expert Insights - We reached out to one of our Lex Mundi partners and a well-known expert in Australia in the energy and legal industries to get her thoughts on the current energy climate. Emma Covacevich is...more
Industry Expert Insights - We reached out to one of our Lex Mundi partners and a well-known expert in France in the energy and legal industries to get his thoughts on the current energy climate. Michel Guénaire is a...more
Industry Expert Insights - We reached out to one of our Lex Mundi partners and a well-known expert in the United Arab Emirates in the energy and legal industries to get his thoughts on the current energy climate. ...more
Industry Expert Insights - We reached out to one of our Lex Mundi partners and a well-known expert in the Netherlands in the energy and legal industries to get his thoughts on the current energy climate. Marc van...more
The Arkansas Department of Agriculture issued a news release noting that inspectors from the Bureau of Standards (“BOS”) have increased the number of fuel quality checks it conducts in Arkansas. The BOS is a section found...more
Industry Expert Insights - We reached out to a well-known expert in Mexico in the energy and legal industries to get his thoughts on the current energy climate. Juan Serra is a partner in the Mexico City office of...more
U.S. Banks Prepare to Seize Energy Assets as Shale Boom Goes Bust - "Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans...more
China Resumes LNG Imports from the U.S. - "Chinese buyers have resumed imports of liquefied natural gas from U.S. exporters, as Beijing started granting waivers to a 25% import tariff." Why this is important: In the...more
COVID-19 presents the oil and gas sector with several novel safety considerations. Drilling rigs and production platforms are self-contained vessels in which workers routinely live and work in close contact...more
Pelosi and McConnell Both Look to Bipartisan Phase 4 Legislation - Congress now likely remains adjourned until April 20 for the safety of both members and congressional staff, but discussions have already begun on a Phase...more
Four petroleum retail trade associations transmitted a March 23rd letter to the United States Environmental Protection Agency (“EPA”) addressing the Clean Air Act Reid Vapor Pressure (“RVP”) requirements. The trade...more
Coronavirus Throws EU Climate Plans into Disarray - "Czech Prime Minister Andrej Babiš said last week that the EU should 'forget about' the Green Deal for now while it focuses on Coronavirus." Why this is important: ...more
There have been many changes recently, but one of the changes on the forefront of my mind has been “what is going on with OPEC”? It feels like a major shift has happened with The Organization of the Petroleum Exporting...more
The Drop in Oil was Perhaps the ‘Final Straw’ for U.S. Credit Markets, Strategist Says - "The credit market is sensitive to moves in oil because a 'very large portion' of high-yield bonds in America are issued by...more