Popular, Oil & Gas

Sanctions Update EU and UK Tighten Restrictions on Russian Oil and Provision of Software to Russia

Latham & Watkins LLP on 8/19/2025

During 18-19 July 2025, the EU unveiled its 18th “package” of sanctions launched against Russia since Russia’s invasion of Ukraine in February 2022. Among these measures, the EU seeks to close an apparent loophole by which...more

Shipping and Energy Newsletter - Summer 2025

Haynes Boone on 8/7/2025

In this edition, we explore some of the strategic questions shaping conversations in the energy sector today and provide you with tools and information that will be helpful when entering into contracts....more

Summary of FERC Meeting Agenda for July 2025

White & Case LLP on 7/23/2025

Summaries of the agenda items for the Federal Energy Regulatory Commission's monthly open meeting to be held on July 24, 2025, pursuant to the sunshine notice released on July 17, 2025....more

Canada’s Q2 2025 M&A Landscape

Bennett Jones LLP on 7/17/2025

The total number of Canadian M&A deals declined in the second quarter of 2025 as tariff disruption and uncertainty hampered dealmaking activity. However, the overall value of announced Canadian deals was up considerably in...more

One Big Beautiful Bill Act: Key Tax Impacts for Businesses

Vinson & Elkins LLP on 7/9/2025

On July 4, 2025, President Donald J. Trump signed the One Big Beautiful Bill Act (the “OBBBA”) into law. Congress passed the OBBBA through budget reconciliation, a special legislative process that allows Congress to advance...more

Why The Future Of Canadian Energy Investments Hangs In The Balance

Flaster Greenberg PC on 7/2/2025

Over a month after Canada’s federal elections, the country is still trying to sort out exactly who won and by how much. If this sounds eerily familiar to Bush vs. Gore in 2000, there is a good reason for this...more

Pruning NEPA’s Branches: The Supreme Court Reshapes Environmental Reviews for Major Actions

Baker Botts L.L.P. on 6/4/2025

Over the last half century, federal courts have interpreted the National Environmental Policy Act (NEPA) to require federal agencies to study an ever-growing range of indirect effects and impacts when approving large...more

Horizon - ESG Regulatory News and Trends - June 2025

DLA Piper on 6/2/2025

EPA announces details of its reorganization. On May 2, the EPA announced a major reorganization that will eliminate several key offices, including the Office of Atmospheric Protection (OAP), Office of Air Quality Planning and...more

House Budget Reconciliation Package Passes By One Vote

McGuireWoods Consulting on 5/27/2025

On May 22, 2025, the House of Representatives passed H.R. 1, the budget reconciliation package, commonly referred to as “The One, Big, Beautiful Bill” by a vote of 215-214....more

Who Owns the Empty Space? Texas Supreme Court Affirms Surface Ownership of Salt Caverns in Landmark Ruling

McGinnis Lochridge on 5/19/2025

In Myers-Woodward, LLC v. Underground Services Markham, LLC, No. 22-0878, 2025 WL 4356581 (Tex. May 16, 2025), the Texas Supreme Court resolved two significant issues affecting mineral owners and surface owners: (1) who owns...more

Cracking Down on CJNG: FinCEN’s Alert and OFAC’s Strategic Sanctions on Oil Smuggling

Ballard Spahr LLP on 5/13/2025

In a significant move to curb illegal activities at the U.S. Southwest border, the Financial Crimes Enforcement Network (FinCEN) issued an alert, on May 1, 2025, concerning oil smuggling from Mexico into the United States,...more

Crude Crimes: Treasury Warns on Oil Smuggling and Money Laundering

Troutman Pepper Locke on 5/9/2025

The Treasury Department has taken initial steps to implement the Trump administration’s “total elimination” policy directed at certain drug trafficking cartels. Most recently, on May 1, Treasury’s Financial Crimes Enforcement...more

Can "Free of Cost" Term Achieve Point-of-Sale Royalty Base?

McGinnis Lochridge on 5/8/2025

A lessee who halts production for less than 40 days and resumes without drilling or reworking does not terminate the lease. The continuous development clause keeps the lease active, and the cessation clause allows resumed...more

Reservation or Limitation on Warranty? Navigating the Fine Line — Lessons from Valence Operating Co. v. Davidson

Oliva Gibbs on 4/25/2025

In Valence Operating Co. v. Davidson1, the Court of Appeals for the Sixth Appellate District of Texas at Texarkana addressed whether the provision, “all Oil, Gas and other Minerals have been excepted and reserved by former...more

2025 Perspectives in Private Equity: Energy

Akin Gump Strauss Hauer & Feld LLP on 4/21/2025

As an industry at the frontline of navigating a shifting policy backdrop under the new Trump administration, pre-imposition of “Independence Day” Tariffs, energy was experiencing a growth in interest from private equity...more

Tracking Trump’s First 100 Days: Key Energy Decisions That Could Drive Litigation

Hicks Johnson on 4/1/2025

Since taking office on January 20, President Donald Trump has used his executive authority to make an unprecedented number of major policy changes. This includes dramatic shifts in the legal and regulatory landscapes,...more

The Future of EPA's Risk Management Program May Be Found in History

Jones Day on 4/1/2025

The U.S. Environmental Protection Agency ("EPA") announced it would reconsider the 2024 Risk Management Program ("RMP") rule....more

War on the Offshore – President Trump Restores Areas Withdrawn by President Biden from Offshore Drilling

Vinson & Elkins LLP on 3/27/2025

A series of recent actions undertaken by President Biden, near the end of his term, and President Trump, in the early days of his presidency, have called into question a key issue under the Outer Continental Shelf Lands Act...more

Will the Ohio Supreme Court Clear up the Muddy Waters of the DMA?

Oliva Gibbs on 3/26/2025

Within the Ohio Dormant Mineral Act (hereinafter, “DMA”), there is often a question of the diligence a surface owner should employ when seeking the mineral owner to declare the mineral interest abandoned. The oft-cited case...more

Changes to Alberta’s Occupational Health and Safety Code Take Effect March 31, 2025

Stikeman Elliott LLP on 3/24/2025

In December 2024, Ministerial Order 2024-12 introduced important amendments to Alberta's Occupational Health and Safety Code (the "Code"), expanding and streamlining workplace violence and harassment prevention requirements....more

Financial Transactions Related to Russian Energy Now Prohibited: Expiration of OFAC ‎General License 8L

Troutman Pepper Locke on 3/14/2025

On March 12, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) allowed General License (GL) 8L under the Russian Harmful Foreign Activities Sanctions Regulations to expire. As a result, broad OFAC...more

The Final Challenge: How GenAI Crafted BP’s “Impossible” Closing Argument

EDRM - Electronic Discovery Reference Model on 3/13/2025

Over the past few months, we’ve been exploring how generative AI can transform trial preparation by analyzing complex litigation materials and producing sophisticated closing arguments. Our series began with an exploration of...more

Widening the sanctions net in uncertain times: latest developments in the U.S., EU, and U.K.'s sanctions targeting Russia

A&O Shearman on 3/12/2025

In the context of the third anniversary of Russia’s invasion of Ukraine, the U.S., EU, and U.K. continue to implement new measures to stifle Russia’s war efforts. The Biden administration continued to escalate sanctions...more

Latest Sanctions Developments: Venezuela, Russia, and Yemen

Troutman Pepper Locke on 3/11/2025

The Trump administration continues to ramp up sanctions on Venezuela and Yemen's Houthis, while sending mixed signals about its intentions with respect to Russia. We provide brief updates on these three areas, following up...more

SPCC/Clean Water Act Enforcement: U.S. Environmental Protection Agency Complaint Filed Against Seaside, Oregon Petroleum Product...

Mitchell, Williams, Selig, Gates & Woodyard,... on 3/7/2025

The United States Environmental Protection Agency (“EPA”) has filed on December 18, 2024, an Administrative Complaint against Jackson & Son Distributors, Inc. dba Jackson and Son Oil (“JS”) alleging a violation of the Clean...more

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