In a recent exchange of letters with the White House, the chair of the Federal Trade Commission (“FTC”) signaled her intent to ramp up antitrust enforcement in the oil and gas industry.
On July 20, 2021, the Department of Homeland Security’s Transportation Security Administration (“TSA”) announced the issuance of a second Security Directive regarding further enhancements to pipeline cybersecurity (the “July Directive”).
A significant amount of work goes into structuring and negotiating a project-financed transaction. Risks are considered from technical, legal, financial, insurance, tax and environmental and social perspectives (among others) and allocated amongst the developers/sponsors, investors, financiers, contractors, suppliers, purchasers, host country and other project parties accordingly.
In its June 25, 2021 decision in HollyFrontier Cheyenne Refining, LLC v. Renewable Fuels Association, the Supreme Court rejected the central holding of a January 2020 decision by the U.S. Court of Appeals for the Tenth Circuit that would have rendered almost all small refineries categorically ineligible for an exemption under the federal Renewable Fuels Standard program (RFS).
Washington recently joined California, Oregon, and British Columbia in adopting a clean fuels standard that mandates reductions in greenhouse gas (“GHG”) emissions attributable to transportation fuels.
On May 27, 2021, against the backdrop of the Colonial Pipeline cybersecurity incident, the Department of Homeland Security’s Transportation Security Administration (“TSA”) announced Security Directive Pipeline-2021-01 regarding enhancements to pipeline cybersecurity (the “Directive”).
As discussed in this previous post, the state of methane regulation for the oil and gas industry has been in flux over the past few years as federal regulations issued by the Obama administration were challenged in court and then altered by the Trump administration.
The Biden administration has signaled its intention to recriminalize non-purposeful, or incidental, “takes” of birds under the Migratory Bird Treaty Act (“MBTA”).
Antitrust activity in the energy and chemical sectors was steady and robust in 2020. Even though U.S. antitrust agencies witnessed the first year-over-year drop in total merger activity since 2012, the agencies investigated more transactions in the energy and chemical industries than in 2019.
Nationally and globally, there is growing focus on renewable fuels as a potentially profitable part of the strategy to reduce carbon emissions and mitigate climate change.
It was a moment that many had been anticipating for years, yet the latest crop of V&E partners didn’t fete their promotions with parties and champagne. Instead they fielded congratulatory phone calls, took part in virtual coffee breaks and held small celebrations at home with their families. But pandemic-related complications notwithstanding, the new partners —…