Bracewell & Giuliani

Powered by the attorneys of Bracewell & Giuliani, Energy Legal Blog® is your resource for updates and analysis on national and global energy issues.
  1. SEC Proposes Rule Requiring Oil, Gas and Mining Companies to Disclose Payments to Governments

    Thursday, December 16, 2010 9:25 pm by and

    By Jonathan Halpern and Thomas Kokalas

    Under a rule proposed by the Securities and Exchange Commission, oil, gas and mining companies listed on U.S. stock exchanges would be required to disclose payments they made to foreign governments or the United States government in connection with a broad swath of activity, from exploration to oil processing. (more…)

  2. What’s in Store for Energy in DC?: A Post-Election Analysis

    Friday, November 5, 2010 3:07 pm by

    Today, Bracewell & Giuliani’s government relations team issued its analysis of the 2010 mid-term elections. While the analysis covers a broad range of topics of interest to business and manufacturing, the presentation singles out key areas within the energy sector, including energy and environmental policy, industrial owners and operators, offshore energy development and renewable energy. To view the entire presentation, click here.

  3. Court Overturns Offshore Drilling Rules Provided in NTL-05

    Wednesday, October 20, 2010 4:55 pm by

    Federal Judge Martin Feldman of the Eastern District of Louisiana issued a decision on October 19, 2010 overturning the Department of Interior’s (DOI) notice to lessees No. 2010-05 (“NTL-05″).  Ensco Offshore Co v. Salazar, No. 10-1941 (E.D. La. filed Oct. 19, 2010). The Court determined that, in issuing NTL-05, the government failed to comply with the requisite procedural requirements and, therefore, ruled that NTL-05 has no legal force or effect.  However, given that DOI has already codified most of the requirements of NTL-05 in an interim rule, the Court’s ruling may have little actual impact. (more…)

  4. With Deepwater Drilling Moratorium Removed, Drillers Could Face De Facto Moratorium

    Wednesday, October 13, 2010 12:23 pm by

    Secretary Salazar and Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Bromwich lifted the deepwater drilling moratorium on October 12, 2010 and declared the Department of the Interior ”open for business.” While the moratorium may officially have been lifted, deepwater drillers could face the same predicament as shallow water drillers – a de facto drilling moratorium.  (more…)

  5. Salazar Creates New Revenue Collections and Auditing Office

    Sunday, October 10, 2010 12:00 pm by

    Department of Interior Secretary Ken Salazar launched on October 1 the Office of Natural Resources Revenue (ONRR). This new office, which used to be called Minerals Revenue Management (MRM) and was part of the former Minerals Management Service (MMS), will be relocated to another part of the Department, will keep the same staff, and just like its predecessor, will be responsible for collecting and disbursing revenues from energy production on Federal and tribal lands, and on the Outer Continental Shelf. Like MRM, ONRR will also conduct auditing, compliance, investigation, enforcement and asset management for offshore and onshore Federal and tribal lands. The majority of ONRR’s operations will continue to be run out of the Denver Federal Center located in Colorado. Thus, the creation of ONRR is little more than a name change, as the same functions will be performed by the same staff. (more…)

  6. Details of OCS Interim Final Rule Released

    Friday, October 8, 2010 5:06 pm by

    In the wake of the Macondo blowout, on May 27, 2010, Secretary of the Interior Ken Salazar issued a report to President Obama, providing numerous recommendations intended to improve the safety of offshore oil and gas drilling operations on the Outer Continental Shelf (OCS) (the “Safety Measures Report”).  On June 8, 2010, the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) (formerly the Minerals Management Service) issued a notice to lessees, NTL No. 2010-05, “Increased Safety Measures for Energy Development on the OCS,” which implemented the immediate recommendations from the Safety Measures Report.

    BOEMRE released a fact sheet announcing an interim final Drilling Safety Rule on September 30, 2010.  However, the text of the rule was not made available until October 7. (more…)

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