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Oil & Gas Reporting Requirements

Oliva Gibbs LLP

Measuring Methane: Understanding the EPA’s Final Revisions to Methane Reporting Regulations

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The Inflation Reduction Act (“IRA”) gave the federal government new authority to “tackle” the problem of methane emissions. On May 6, 2024, the United States Environmental Protection Agency (“EPA”) issued final revisions to...more

K&L Gates LLP

European Union Adopts Legislation to Tackle Methane Emissions

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The Council of the European Union adopted a regulation on the reduction of methane emissions in the energy sector (Regulation). Methane is the second-biggest cause of climate change after carbon dioxide, and in the short term...more

Foley & Lardner LLP

EPA Finalizes New Greenhouse Gas Reporting Obligations for Petroleum and Natural Gas Systems: More Companies Impacted; More Fees...

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On May 14, 2024, the U.S. Environmental Protection Agency (EPA) published the final Greenhouse Gas Reporting Rule requirements for petroleum and natural gas systems under 40 C.F.R. Part 98, Subpart W in the Federal Register....more

Jones Day

Greenhouse Gas Emission Reporting for Petroleum and Natural Gas Industry Overhauled

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The Situation: The United States Environmental Protection Agency ("EPA") was required to overhaul the greenhouse gas reporting requirements for the petroleum and natural gas industry by the Inflation Reduction Act ("IRA") in...more

Vinson & Elkins LLP

Worried About the WEC?: EPA Finalizes New Oil and Gas GHG Reporting Rules that Will Directly Impact How the Waste Emissions Charge...

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On May 14, 2024, the U.S. Environmental Protection Agency (“EPA”) published the final version of its revisions to the Greenhouse Gas Reporting Program (“GHGRP”) regulations for the oil and gas sector, often referred to as...more

Vinson & Elkins LLP

A Heavy Lift: EPA Bulks Up Oil and Gas Methane Requirements in New Quad Ob/c Regulations

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The Environmental Protection Agency (EPA) has finalized a host of new obligations for upstream and midstream oil and gas owners and operators. These new source performance standards (“NSPS”) and emission guidelines (“EG”) for...more

Vinson & Elkins LLP

[CLE Hybrid Event] Making Sense of Methane for the Oil and Gas Sector: EPA’s New Methane Tax, Operating Regulations, and GHG...

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The Environmental Protection Agency (EPA) has released proposed and final rules that will regulate methane emissions from oil and gas operations, implement a methane emissions tax, and change greenhouse gas reporting...more

Oliva Gibbs LLP

The Corporate Transparency Act: Compliance Essentials for Energy Businesses

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The Corporate Transparency Act (CTA) is a new federal law that requires certain business entities to report their Beneficial Owners to the Financial Crimes Enforcement Network (FinCEN). The law was enacted by Congress in...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Announces Creation of New Trade Sanctions Enforcement Agency and Introduces Further Sanctions Against Russia

With Russia’s invasion of Ukraine nearing the end of its second year, the United Kingdom has continued to introduce sanctions measures against Russia, with the latest round announced on 14 December 2023....more

Skadden, Arps, Slate, Meagher & Flom LLP

EU Further Strengthens Restrictive Measures Against Russia in 12th Package of Sanctions

On 18 December 2023, the European Union adopted a 12th package of sanctions against Russia. The sanctions impose an asset freeze on more than 140 individuals and entities pursuant to Council Regulation (EU) 269/2014...more

Jones Day

Ahead of Methane Emission Fees, EPA Proposes New Reporting Rules for Petroleum and Natural Gas Industry

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The Situation: The Inflation Reduction Act ("IRA") requires the U.S Environmental Protection Agency ("EPA") to finalize new greenhouse gas reporting rules for the petroleum and natural gas industry based on "empirical...more

Steptoe & Johnson PLLC

Newly Proposed PHMSA Rulemaking Targets Natural Gas Distribution Systems

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On August 24, 2023, the Pipeline and Hazardous Materials Safety Administration (PHMSA) announced a Notice of Proposed Rulemaking (NPRM) aimed at enhancing safety requirements for gas distribution pipelines. The changes...more

Adams and Reese LLP

U.S. Department of the Interior Publishes Final Well Control Rule to Help Prevent Offshore Catastrophic Blowouts

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The United States Department of the Interior published the final well control rule on Aug. 22 from the Bureau of Safety and Environmental Enforcement (BSEE). The rule clarifies blowout preventer (BOP) system regulations and...more

Troutman Pepper

New York’s Spill Reporting Revisions Could Significantly Impact Environmental Due Diligence

Troutman Pepper on

In June 2023, the New York State Department of Environmental Conservation (NYSDEC) adopted revisions to its petroleum bulk storage regulations 6 NYCRR Part 613. The amended regulations become effective on October 17....more

Cadwalader, Wickersham & Taft LLP

TotalEnergies Sues Greenpeace Over Greenwashing Allegations

On April 28, 2023, French multi-national energy company TotalEnergies filed a civil action in France against environmental activist group Greenpeace France and climate consulting group Factor-X alleging that a report issued...more

Morrison & Foerster LLP

Coalition Powers Impose Russian Oil Price Cap and Outline Implementation

As Russia’s war in Ukraine stretches into its tenth month, governments around the world continue to coordinate and respond with increasingly severe sanctions and export controls....more

Steptoe & Johnson PLLC

Pennsylvania Adds New Royalty Payment Reporting Requirements and Deadlines for Unconventional Oil and Gas

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On November 3, 2022, Pennsylvania Governor Tom Wolf signed Act 153 of 2022, which revises the Oil and Gas Lease Act’s provisions on required disclosures accompanying payments made to royalty owners from unconventional oil and...more

J.S. Held

Understanding New Jersey’s PortfolioManager® Requirement

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New Jersey’s Board of Public Utilities (the “BPU”) just imposed a new requirement on every large (>25,000 sq. ft.) commercial building in the state. On September 7th, the BPU, in following the requirements of the New Jersey...more

Holland & Knight LLP

Methane Emissions: New Developments in the Inflation Reduction Act

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The recently enacted Inflation Reduction Act (IRA) contains several new provisions related to methane emissions impacting oil and gas companies, including upstream and midstream. Companies who already report emissions to the...more

Latham & Watkins LLP

Nine Takeaways From the Inflation Reduction Act’s Climate Initiatives

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The Act promises to touch on almost every aspect of US climate policy. On August 16, 2022, President Biden signed into law the Inflation Reduction Act (the Act), which expands clean and renewable energy production,...more

McGuireWoods LLP

PHMSA Issues Notice of Limited Enforcement Discretion for Some Gas Gathering Pipelines

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On July 8, 2022, the Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a notice of regulatory enforcement discretion for particular gathering lines. Gathering lines are those pipelines that transport gas...more

Latham & Watkins LLP

Sanctions Update: UK Bans New Investment in Russia and Imposes Significant Additional Sanctions

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The ban hits new investment in Russia and certain professional services, while also restricting imports of Russian oil, coal, and gold and exports of key industrial goods. This Client Alert is published in the context of...more

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

Orphaned Oil and Gas Wells/Infrastructure Law: U.S. Department of Interior Issues Final Guidance for State Funding Applications

The United States Department of Interior (“DOI”) released on April 12th guidance (“Guidance”) to the states for application of the first $775 million in initial grant funding for plugging orphaned oil and gas wells. The...more

BakerHostetler

Swimming Upstream Part II: New Incident and Annual Reporting Requirements for Rural Gas Gathering Lines

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In our last article, we introduced the recently finalized New Rule of the Pipeline and Hazardous Materials Safety Administration (PHMSA), which expands safety and reporting requirements to previously unregulated onshore gas...more

Vinson & Elkins LLP

Mega Rule Part III: PHMSA Expands Its Regulations and Imposes New Requirements for Onshore Gas Gathering Lines

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The Pipeline and Hazardous Materials Safety Administration (“PHMSA”) has issued a final rule that, for the first time ever, expands certain federal pipeline safety requirements to all onshore gas gathering pipelines,...more

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