With little notice, compliance officers, in-house counsel, and other legal professionals for organizations in the oil and gas industry may be required to hand over sensitive files in response to compliance, regulatory, or investigative requests. The continual increase in volumes and disparate types of electronically stored information (ESI), coupled with heightened government oversight and intervention, means the stakes and costs of complying with these requests have never been higher. When managed inconsistently, these requests pose a great risk.
As e-discovery—which involves identifying, collecting, reviewing, and producing responsive data in an investigation or litigation—converges with compliance, corporations must understand how to manage these processes to minimize exposure to costs and risks while maximizing the value of their data for business purposes. The best methodology consists of five steps that will incorporate e-discovery as a repeatable business process into the larger corporate compliance program.
America’s oil and natural gas industry supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. Industry’s extensive network of 30,000 vendors, suppliers, and contractors create and support jobs and grow the economy in every state in the union and almost every congressional district. What this speaks to is the unprecedented opportunity created by America’s 21st century energy… Keep reading →
My mom is a pro at shopping for good deals. She taught me the importance of timing my purchases during the off-peak season to get the most value for my dollar. Time-of-Use (TOU) electricity pricing reminds me of the lessons my mom taught me, and it can help empower families to take control of their… Keep reading →
But a former Nuclear Regulatory Commission inspector disagrees. An advanced seismic study conducted by utility PG&E to determine the safety of California’s Diablo Canyon nuclear power plant has found that the facility is “designed to withstand and perform [its] safety functions during and after a major seismic event.” The Central Coastal California Seismic Imaging Projectreport was submitted to the Nuclear… Keep reading →
Continental Resources, one of the largest Bakken Shale producers, announced some good and bad news to investors yesterday – a new oil discovery (good) but increased capital expenditure guidance (bad). The company announced a new oil discovery in the South-Central Oklahoma Oil Province (SCOOP) where it also said “net unrisked resource potential has increased to… Keep reading →
Long doubted in many quarters as a competitor with conventional sources – and even with wind power – U.S. government scientists say new research shows that solar is making up ground, both at utility scale and on rooftops. For example: “The price of electricity sold to utilities under long term contracts from large-scale solar power… Keep reading →
Europe’s biggest economy marches towards a greener future. Aug 18 was a Sunday like any other in Germany. At 2 pm, the country’s renewable generation capacity peaked at 41 GW while demand was around 53.5 GW – meaning that renewables accounted for roughly 75% of generation capacity, a new record for Europe’s biggest economy. At… Keep reading →
Argentina needs foreign technical and financial assistance to tap its considerable shale resources. Unable to access international debt and capital markets after a recent default, the country is restructuring legislation to make investment opportunities more attractive to international oil companies. [Reuters] Global accounting firm Ernst & Young released its latest quarterly Renewable Energy Country Attractiveness… Keep reading →
The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance,… Keep reading →
It’s Palen, not Palin, but it’s still proving to be controversial and unpredictable. Seemingly dead in December, then indicted in the press last month as a likely wanton bird incinerator, the Palen Solar Electric Generating System now looks like it might get the go-ahead. A California Energy Commission committee recommended approval of a scaled-down version… Keep reading →