Energy Newsletter - May 2015

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In This Issue:

- Recent Settlement Under EPA's Energy Extraction Initiative Provides Insight For Future Enforcement in the Oil and Gas Industry

- Tax Incentives Offer Hope for UK Oil and Gas Industry Affected by Low Oil Prices

- It's Time to End the Crude Oil Export Ban

- FERC Declines to Change "Gas Day" Start Time; Adopts Other Proposed Natural Gas Scheduling and Contracting Changes

- PHMSA Steps Up Review of Pipeline Construction

- FERC Issues Policy Statement Regarding Pipeline Modernization Surcharges

- Reported Relationship Between Indoor Radon Concentrations and Unconventional Marcellus Shale Drilling Must Be Interpreted With Caution

- The Emergency Arbitrator: Doubling as an Effective Option for Urgent Relief and an Early Settlement Tool

- Texas Supreme Court Avoids Answering a Fundamental Question in a Wastewater Disposal Case

- 10 Keys To a Successful LNG Export Project

- How Latin American LNG Markets and U.S. Exports are Reshaping the LNG Market

- Generating Revenue from a Solar Project – the Power Purchase Agreement

- The Asian Infrastructure Investment Bank – Shaping Development

- Excerpt from Recent Settlement Under EPA's Energy Extraction Initiative Provides Insight For Future Enforcement in the Oil and Gas Industry:

Given its patchwork of regulatory authority over operations in the oil and natural gas industry, the U.S. Environmental Protection Agency (EPA) has adopted a national enforcement initiative to focus its efforts. Through its Energy Extraction Enforcement Initiative, EPA has been steadily targeting the energy industry. A recent settlement provides further insight into EPA's approach under the Clean Air Act and highlights the type of "beyond compliance" requirements on which industry should focus.

Noble Energy, Inc. Settlement -

On April 22, 2015, Noble Energy, Inc. agreed to a $73 million settlement to resolve claims brought by EPA and the State of Colorado related to emissions of volatile organic compounds (VOCs). The financial costs of the settlement are significant for a Clean Air Act matter in the upstream sector.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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