In this edition of Seyfarth Shaw’s Energy Insights Newsletter our Energy and Clean Technologies team covers important developments in Q3 2015.
Fossil Fuel Lobby
Energy Insights: An Update From The Third Quarter Of 2015
By Joshua Ditelburg, Robert Winner | Seyfarth Shaw LLPSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.Energy News Roundup: Repsol Selling Assets, ISIS Cyber Attacks & Australian Mining Controversy
By Conor O'Sullivan
Spanish energy company Repsol says it will sell $7.1 billion in non-strategic assets over the next five years as part of a plan to increase efficiency and cope with weak oil prices. [US News/AP] U.S. law enforcement officials revealed ISIS have attempted cyber attacks at a conference of American energy firms who were meeting about… Keep reading →
House Passes Legislation To Lift Nearly 40 Year Ban On Crude Oil Exports
By Akin Gump Strauss Hauer & Feld LLP
Signifying a historic shift in U.S. energy policy, the House of Representatives passed legislation on October 9 that would lift the nearly 40-year ban on crude oil exports by a vote of 261 to 159.
Oil And Gas Industry Concerned About EPA’s Proposed Methane Emissions Rules
By Jessica Kramer Givens | Bradley Arant Boult Cummings LLP
On August 18, 2015, the EPA released proposed rules aimed at reducing methane and other volatile organic compound (VOC) emissions in the oil and natural gas industry.
Methane emissions from oil and natural gas systems continue falling. EPA, in an update to its Greenhouse Gas Reporting Program, says that methane emissions decreased from 77 million metric tons CO2 equivalent 2013 to 73 million metric tons CO2e last year. This continues a significant downward trend over the past few years: The significance is… Keep reading →
Pipeline Proposal Would Expand Reporting And Testing, Cost $22.4M Annually
By Michael Friedberg, Thomas Leland, Jameson Rice, David Whitestone | Holland & Knight LLP
In response to this year’s high-profile pipeline incidents, the Pipeline and Hazardous Materials Safety Administration (PHMSA) is expected to finalize numerous proposed rulemaking measures regulating pipeline safety in the coming year.
The U.S. House has an important vote scheduled for Friday on legislation that would lift the 1970s-era ban on domestic crude oil exports. It’s an historic chance for U.S. policymakers to affirm that America’s energy picture is fundamentally and dramatically improved from where it was four decades ago – thanks to surging domestic production that… Keep reading →
House Of Representatives Pulls The Plug
By Terrence Heubert, Will Le, James Wiltraut, Jr. | Buchanan Ingersoll & Rooney PC
Lawmakers in the House of Representatives pulled the plug early last week on any attempt to reach a bipartisan agreement on comprehensive energy legislation.
EPA Tightens Ozone Standard…Again
By Dixon P. Pike, Brian M. Rayback | Pierce Atwood LLP
On October 1, 2015, EPA announced that the new National Ambient Air Quality Standards (NAAQS) for ozone would be 70 ppb, a 6.7% reduction of the current 75 ppb standard.
Shell Cites Restrictive Regulations In Ceasing Arctic Drilling Operations
By Enerknol Research
On September 28, 2015, Royal Dutch Shell (Shell) announced its decision to cancel its Arctic drilling operations after unsuccessful exploratory drilling in the Chukchi Sea off the northwest coast of Alaska. Shell decided to exit the Arctic after an investment of approximately $7 billion in oil exploration, citing disappointing exploratory results at the Burger J… Keep reading →
