News & Analysis as of

Natural Gas Petroleum

Mayer Brown

New Decree Regulating the Gas Law Published

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On August 27, 2024, Brazilian President Luiz Inácio Lula da Silva signed five documents at a ceremony to approve the national energy transition policy: (i) revoking Decree 9.928/19, which established the Technical Committee...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

Jones Day on

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

Spilman Thomas & Battle, PLLC

Record U.S. Oil Production and the Potential Impacts

Domestic oil production in the U.S. reached a new record in November 2023, hitting 13.31 million barrels per day, according to data from the U.S. Energy Information Administration. In “Domestic Oil Production in U.S Reached...more

Spilman Thomas & Battle, PLLC

Currents Energy Industry Insights: V 8, Issue 3, March 2024

Record U.S. Oil Production and the Potential Impacts - Domestic oil production in the U.S. reached a new record in November 2023, hitting 13.31 million barrels per day, according to data from the U.S. Energy Information...more

Jones Day

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

Jones Day on

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

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: V 7, Issue 9, September 2023

The Virginia Clean Energy Act, the Botetourt County Battery Power Facility and the Impact on the Commonwealth - The Virginia Clean Energy Act (“VCEA”) mandates that Dominion Energy Virginia and Appalachian Power, the two...more

Opportune LLP

The Consequences Of Rising Inflation & Crude Oil Prices

Opportune LLP on

Ryan Dusek, Director in the Commodity Risk Advisory Group at Opportune LLP, discusses what the Fed is doing to combat inflation, how inflation is impacting crude oil prices and the broader economy, and more....more

Akin Gump Strauss Hauer & Feld LLP

The Inflation Reduction Act Applies the Polluter Pays Principal: Carbon Tax Will Accelerate Reduction of Methane Emissions

The Inflation Reduction Act (“IRA”) includes a variety of incentives, including tax credits and grants, for US industries to reduce greenhouse gas (“GHG”) emissions. The IRA also includes a significant “disincentive” for...more

White & Case LLP

Preliminary draft of new provisions for the commercialization of petroleum products and petrochemicals and distribution of...

White & Case LLP on

On July 26, 2022, the Energy Regulatory Commission (“CRE”) published a preliminary draft of new “General Administrative Provisions that establish the requirements for the filing of applications, updates, modifications and...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 6, Issue 5

Cap and Trade Gets a Big Win in Pennsylvania. Will It Last? "Pennsylvania Gov. Tom Wolf (D) announced that his administration had finalized a regulation to join the Regional Greenhouse Gas Initiative, a cap-and-trade...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 5, Issue 33

FERC Warned Renewables Planning Can Strand Grid Assets - "But at a FERC technical conference, others highlighted a potential risk for overbuilding and the cost it could incur for consumers." Why this is important: It's...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 5, Issue 31

Russia Chooses Not to Raise Natural Gas Supplies to Europe Despite Putin’s Pledge to Help - "Highly anticipated auction results showed Russia’s state gas giant Gazprom had not booked additional gas transit capacity for...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 5, Issue 30

Coal Power to Increase for First Time Since 2014, US Says - "The amount of electricity produced by coal plants is expected to tick up 22% in 2021, reversing coal’s six-year downward trend." Why this is important: For...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 5, Issue 29

Ford Building Massive Electric Vehicle and Battery Plants with $11.4 Billion Investment "Automaker says production hubs will bring 11,000 jobs to Tennessee and Kentucky." Why this is important: Ford Motor Company and...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 5, Issue 28

China Risks Winter Energy Crunch - "China is at risk of the same energy-crunch chaos seen in Europe, with a state-run newspaper warning that coal-fired power plants will struggle to keep the lights on this winter." ...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 5, Issue 17

Gas Stations Run Dry as Pipeline Races to Recover From Hacking - "Gas stations along the U.S. East Coast are beginning to run out of fuel as North America’s biggest petroleum pipeline races to recover from a paralyzing...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Volume 5, Issue 11

Welcome to Volume 5, Issue 11 of Currents. As we begin a new month. I'll remind everyone that we are continually looking to write about different topics... In Shift, Oil Industry Group Backs Federal Price on Carbon - ...more

Bracewell LLP

Nigeria's upstream petroleum sector: looking back at 2020 and looking ahead in 2021

Bracewell LLP on

We review what happened in Nigeria’s upstream petroleum sector during the previous year – a year that saw a new marginal field bid round, an oil price crash and the onset of a terrible global pandemic. We also consider what...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Issue 46, December 2020

Welcome to our 46th issue of Currents for 2020. Our Energy Practice Group looked at current energy articles, and we also explain the significance of every article. These issues peaked our interest this week, and we have...more

Pillsbury Winthrop Shaw Pittman LLP

Energy 2021: USA

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

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Issue 43, November 2020

U.S. Court Suspends Key Permits for Equitrans Mountain Valley Pipeline - "A U.S. federal appeals court issued a stay of key water crossing permits needed to complete construction of Equitrans Midstream Corp’s 300-mile...more

King & Spalding

Ultra Petroleum Bankruptcy Court Again Allows Make-Whole Premiums, Postpetition Default Interest—At Least For Solvent Debtors

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In a much-anticipated decision issued on October 26, the Bankruptcy Court for the Southern District of Texas awarded make-whole premiums and post-petition interest (i.e., interest accruing after the bankruptcy filing) to...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Issue 40, October 2020

West Virginia Supreme Court Hears Arguments in Horizontal Drilling Taxation Case Involving Antero - "At issue is a consumer sales tax assessment of around $1 million the West Virginia State Tax Department has levied on...more

Bennett Jones LLP

Alberta's Natural Gas Vision and Strategy

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The Government of Alberta is laying out its plans to diversify and grow the province’s energy industry. The goal is to position the sector for responsible energy development in a post-pandemic world. Major announcements have...more

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