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On March 22, 2024, the Internal Revenue Service (IRS) issued additional guidance in respect of the “Energy Community Bonus” in Notice 2024-30 (the “Notice”), which provides two key updates: (1) offshore wind farms have two new ways to meet the Nameplate Capacity Attribution Rule, and (2) adding new industry codes for evaluating employment rates related to fossil fuel industries.

This program will highlight what you need to know about how these new rules intersect, new compliance and enforcement risks, and how to plan now for operations and upcoming transactions.

This article for Practical Law by Nadine Amr provides a discussion of the 2023 Model Form of Joint Operating Agreement (JOA) of the Association of International Energy Negotiators (AIEN).

V&E lawyers discussed recent antitrust developments in these industries — including federal regulators’ merger and non-merger enforcement priorities and state & private litigation — and what lies ahead.

2023 was another year of change brought by global factors, such as the Russia-Ukraine war, the rising trend of protectionism, the continued and increased disruption to supply chains, and inflation — all factors that are set to continue in 2024 and will give rise to dispute risks across different jurisdictions and sectors.

Vinson & Elkins recently expanded its corporate practice in London with the addition of Kilian de Cintré, who joined as an energy and infrastructure partner.

Chris Taufatofua joined Vinson & Elkins’ corporate and finance practice in London as an energy, infrastructure and finance transactions partner, enhancing the firm’s capabilities to advise on complex project financings and other transactions.

Vinson & Elkins partner Shay Kuperman and associate Sebastian Devora authored an article for Chambers 2023 Energy: Oil & Gas Guide covering recent trends and developments in the Permian, Eagle Ford and Haynesville basins.

Hydrogen can play a vital role in the transition to a carbon-neutral economy, and momentum for it has never been stronger, especially since the passage of the Inflation Reduction Act. Both governments and companies see the enormous potential of low-carbon hydrogen for storing energy, for powering a wide array of applications, and for reducing greenhouse gas emissions, among other important uses.