Inflation Reduction Act
Nigeria's upstream petroleum sector: looking back at 2020 and looking ahead in 2021
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...
Treasury Releases Final Regulations on 45Q Carbon Capture Credits
On January 6, 2021, the Department of the Treasury and the Internal Revenue Service (IRS) issued final regulations (the Final Regulations) under section 45Q of the Internal Revenue Code of 1986, as amended (Section 45Q), which allows a credit for...
EPA Approved Texas NPDES Oil and Gas Program Authorization on January 15, 2021
On January 15, 2021, Region 6 of the U.S. Environmental Protection Agency (“EPA”) approved the State of Texas’ October 12, 2020 submittal to the EPA requesting partial National Pollutant Discharge Elimination System (“NPDES”) program authorization for oil and gas discharges...
Opposites Attract: How Oil & Gas and Renewables+Storage Are the Perfect Match
Article originally appeared in the November 2020 issues of Oil, Gas & Energy Law Intelligence (Vol. 18 - issue 6) I. Introduction As the world lives through a global pandemic, it is challenged inter alia with persistent blackouts and wildfires...
EPA Draft Guidance Memorandum on the Application of County of Maui
On December 8, 2020, the U.S. Environmental Protection Agency (“EPA”) released a draft guidance memorandum (“Draft Guidance”) to provide guidance to the regulated community and permitting authorities, including the EPA, on applying the recent decision of the United States Supreme...
LIBOR LATEST - A Temporary Reprieve for USD LIBOR?
Often referred to as “the world’s most important number”, the London Interbank Offered Rate (LIBOR) is used as the reference interest rate for a range of commercial and financial contracts worth hundreds of trillions of dollars globally. As market commentators...
Post-Election Analysis from Bracewell’s Policy Resolution Group (PRG): Implications for U.S. Energy and Environmental Policy
PRG’s Scott Segal , Tim Urban and Eric Washburn led a discussion about the 2020 election outcome and the impact it will have on the Energy and Environment industries through political and policy analysis.
The PRG Pulse 2020 Post Election Webinar
Guest Speakers for the PRG Pulse 2020 Post-Election Webinar Michael Gottlieb: Former Counsel to President Obama and Senior Advisor on political-military affairs Ron Minsk: Former Special Assistant to President Obama on energy and environmental affairs at the White House National...
Update on State of Texas NPDES Application to Issue Federal Discharge Permits for Oil and Gas Facilities
EPA Review Process On October 12, 2020, Region 6 of the United States Environmental Protection Agency (“EPA”) received a delegation request from the State of Texas seeking authority to issue federal permits for discharges of produced water, hydrostatic test water...
LNG in Europe 2020: Current Trends, The European LNG Landscape and Country Focus
This article provides an overview of current trends in the European LNG market, describes the status of the pan-European LNG landscape, and looks at recent activities in individual European LNG-importing countries. Read the article here .
Predictable unpredictability: stranded assets and the scope for disputes under PSCs
Summary In the current climate, many exploration and production companies are looking to reduce capital expenditure and to streamline their operations. They are also reassessing their demand and price forecasts and considering the impact on their balance sheets. In this...
The Future of Carbon Capture, Use and Storage Projects: Tax Credits, Measurement Standards and Transaction Structures
Join Michael Gerrard , Columbia Law School Sabin Center for Climate Change Law Nigel Jenvey , GaffneyCline’s Global Head of Carbon Management and Bracewell Partner Elizabeth McGinley for a discussion regarding federal tax credits, secure geological storage and lifecycle analysis...
LNG Developments Post-COVID-19
How might LNG SPAs of the future be impacted by the COVID-19 pandemic? Nick Neuberger, a senior associate in Bracewell’s London office, looks at 5 likely outcomes.
Nigerian Marginal Fields: New Bid Round and New Guidelines
Nigeria’s Department of Petroleum Resources (“ DPR ”) announced on 1 June 2020 the launch of a new marginal field bid round. Fifty-seven marginal fields have been made available, being a mix of onshore, swamp and shallow-offshore fields. The DPR...
LNG lockdown lessons: what next for the LNG industry post-COVID?
Despite the current challenges of the COVID-19 pandemic and low LNG prices, the future is bright for LNG. Bracewell considers the impact of the COVID-19 pandemic, the lessons for the LNG sector and how the LNG SPAs of the future...