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Oil & Gas Risk Assessment

Opportune LLP

Distressed Debt Risks & Opportunities Unveiled

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In finance, navigating the terrain of distressed debt requires a keen understanding of its opportunities and risks. For financial institutions, investors, and legal advisors alike, delving into distressed debt can be both...more

Opportune LLP

A Cost Benefit Analysis of Increased OCS Bonding

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The Opportune 2023 Study has been conducted to independently calculate the OCS plugging and abandonment (P&A) liability, assess the risk such liability poses to the U.S. taxpayer, and perform a cost-benefit analysis of how...more

Guidepost Solutions LLC

Mergers + Acquisitions: 5 Tips For Navigating FCPA Risks

Among the risks inherent in a merger or an acquisition, few bring the financial and reputational consequences of the U.S. Foreign Corrupt Practices Act (“FCPA”). Background - The FCPA prohibits the offer, promise,...more

Vinson & Elkins LLP

Guidance 3.0: TSA Issues a Third Directive on Pipeline Security

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It has been over a year since the Colonial Pipeline cybersecurity incident, and the Department of Homeland Security’s Transportation Security Administration (“TSA”) continues to issue cybersecurity directives to owners and...more

Opportune LLP

Asset Modeling: Understanding Value & Managing Risk

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Find out why an effective risk management strategy requires developing robust economic forecasting tools that simulate future cash flows. One such tool uses the “real-option” theory to model flexibility associated with energy...more

Opportune LLP

Cyberattack Shuts Major US Fuel Pipeline: Why Colonial Pipeline & Why Now?

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Find out why the cyberattack on Colonial Pipeline will have broad implications on how the energy industry defends and responds to future incidents....more

Opportune LLP

Software Quality Assurance & Your ETRM Implementation Project

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Find out why developing a risk-informed testing strategy early in the project life cycle of an ETRM implementation project improves delivered solution quality without ballooning costs....more

Opportune LLP

Q&A: M&A In The Oil & Gas Sector

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Jim Hansen, Head of Investment Banking at Opportune Partners LLC, gives his thoughts on the state of oil and gas M&A activity and what to expect in 2021. Originally published in the January 2021 issue of Financier...more

Morrison & Foerster LLP

Following U.S. Lead, UK Office Of Financial Sanctions Implementation Issues Maritime Guidance

Much of the world’s focus is on the COVID-19 pandemic, and rightfully so, but sanctions regulators also have their gazes fixed on another issue: the maritime industry. On May 14 2020, we saw the U.S. Departments of State and...more

Skadden, Arps, Slate, Meagher & Flom LLP

Oil Price War and Challenging Debt Markets: Tax Risks and Strategies for Upstream and Midstream Companies

Many upstream and midstream companies are grappling with the prospect of severe liquidity constraints due to the rapid deterioration of both the commodity markets and the debt capital markets. While upstream companies have...more

Dechert LLP

Russia/Venezuela Sanctions Update: Additional Sanctions Imposed on Rosneft Trading 

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The U.S.Treasury Department’s Office of Foreign Assets Control (“OFAC”) added Rosneft Trading SA (“Rosneft Trading”), a subsidiary of Russian oil major Rosneft Oil Company (“Rosneft”), to the List of Specially Designated...more

Robinson+Cole Data Privacy + Security Insider

Industrial Control Systems at Risk from Targeted Snake Malware

Researchers at Sentinel One and Dragos have detected malicious code, called EKANS or Snake, that has been designed specifically to target industrial control systems (ICS), including those of oil refineries, manufacturing...more

Downey Brand LLP

California Fire Marshall Makes Additional Changes to its Proposed Oil Pipeline Safety Regulations

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On October 1, 2019, the California Office of State Fire Marshall (“OSFM”) published additional changes to its proposed regulations implementing Best Available Technology (“BAT”) requirements for hazardous liquid pipelines....more

Skadden, Arps, Slate, Meagher & Flom LLP

Cybersecurity Considerations in Oil and Gas Transactions

One of the foremost threats companies face today is that posed by cybercriminals, and the unique vulnerabilities of companies in the oil and gas sector create heightened cybersecurity risks for those pursing transactions in...more

Holland & Knight LLP

President Trump Jumpstarts LNG Development and Transportation

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On April 11, 2019, President Trump signed an Executive Order on Promoting Energy Infrastructure on Economic Growth which included provisions related to updating regulations linked to facilities which handle liquefied natural...more

Downey Brand LLP

California’s Proposed Requirements to Reduce Pipeline Spills Will Present New Challenges and Burdens for Industry; Comment...

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On February 14, 2019, the California Office of the State Fire Marshall (“OSFM”) published long awaited draft regulations to reduce the volume of pipeline oil spills in coastal areas. The proposed regulations, which implement...more

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

RCRA Listed Hazardous Waste/F037: U.S. Environmental Protection Agency Grants Delisting Petition

The United States Environmental Protection Agency (“EPA”) published an August 22nd Federal Register Act notice granting a petition to exclude (“delist”) hazardous waste generated by a particular facility from the Resource...more

Downey Brand LLP

First Appellate District Upholds Several Aspects of the EIR Prepared for Phillips 66 Efforts to Enhance Recovery of Petroleum...

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In a March 2018 decision, the First Appellate District examined several CEQA issues pertinent to petroleum refining and hazardous materials transport. In Rodeo Citizens Association v. County of Contra Costa, the appeals court...more

Pillsbury Winthrop Shaw Pittman LLP

A New Path to Managing Risks from Upstream Oil and Gas Transactions

EPA incentivizes new owners to conduct compliance audits by offering penalty forgiveness for violations found. EPA’s newest enforcement proposal offers companies in the oil and gas production sector a valuable opportunity...more

K&L Gates LLP

Global Boardroom Risk Solutions Newsletter

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“Risk is sexy?” - Anonymous GC - Not every Director or General Counsel (GC) is likely to describe risk analysis as “sexy” but there is little doubt that risk issues have demanded a board level focus which would have been...more

Cadwalader, Wickersham & Taft LLP

FCA and Ofgem Question Adequacy of Commodity Firms’ Compliance and Market Abuse Controls

In the most recent edition of its regular market conduct and transaction reporting-focused ‘Market Watch’ publication, the UK Financial Conduct Authority (“FCA”) provides a review of commodities firms’ compliance and...more

Thomas Fox - Compliance Evangelist

FCPA Compliance and Ethics Report-Episode 153-Doing Compliance in an Economic Downturn

The energy industry is in turmoil from the drop in the price of oil from $100 down to around $50 per barrel. Many energy companies have laid off up to 30% of their workforce. What can you do from the compliance perspective...more

Blank Rome LLP

Mainbrace - January 2015 No. 1

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In this issue: - A Sea Change Sweeps over Congress: A Look Back and a Look Ahead - Shipping & International Trade Law (Second Edition 2015) - Congress Passes Coast Guard Bill in Waning Hours of 113th...more

Porter Hedges LLP

Environmental Alert: "Clearly Allocate Risk of Change Interpretations in Transactions"

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When buyers request that sellers warrant compliance with environmental law, sellers need to appreciate that agency interpretation or agency enforcement discretion may have played a role in the seller’s apparent ongoing...more

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