Topic: Oil & Gas

JD Supra Corporate Brief: Self-Reporting, Market Manipulation, Green Chemistry, BYOD Privacy

On August 9, 1892, Thomas Edison is granted a patent for the two-way telegraph, one of the nearly 1,100 patents the inventor received in the United States.  Any business that stores consumer credit card numbers and other personal information should study carefully the $18 million FCRA ruling against Equifax… (Mintz Levin) So here’s the deal:… Read more »

JD Supra Corporate Brief: EU Antitrust Fines, IRS Compliance Checks, NIST Security Guidelines, CFPB Rulemaking Agenda

Haven’t signed up for email delivery of the JD Supra Corporate Brief? Well, what are you waiting for? The EU’s first “pay-for-delay” fine is a hard pill to swallow for pharmaceutical manufacturers… (K&L Gates) The IRS has begun to conduct “compliance checks” of Section 457(b) plans… (McDermott Will & Emery) Is heightened scrutiny of the… Read more »

JD Supra Corporate Brief: Gross Negligence, Reasonable Royalties, IP Theft, OSHA Inspections

Large coffee: $2.50. Cherry Danish: $1.75. JD Supra Corporate Brief: priceless… The judge in the recently concluded BP oil spill litigation has asked all parties to discuss gross negligence by one of the responsible parties. And that could make any damages a lot more expensive… (King, Krebs & Jurgens) The SEC recently granted Pfizer’s officers… Read more »

JD Supra Corporate Brief: COPAA Compliance, False Certifications, Medical Check-ups, Fracking Regulations

Busy morning? You probably deserve a break. A JD Supra Corporate Brief break, that is. And a blueberry scone… Check your mailbox – the FTC is sending out COPPA compliance letters… (Mintz Levin) In the market for a municipal regulated gas division? (Saul Ewing) Appeals court reverses an $11 million False Claims Act judgment with… Read more »

Natural Gas a Mineral? Not in Pennsylvania… (And Other Fracking Law News)

Earlier this month, the Pennsylvania Supreme Court held that Marcellus shale gas is not a “mineral,” and that subsequently private deeds in the state that make reference to mineral rights do not encompass natural gas rights. Levi Jones of law firm Schnader explains: “The Court reaffirmed the ‘Dunham Rule,’ which applies the common, layperson understanding… Read more »

Canada Changes Rules for Foreign Investment by State-owned Enterprises

“At the same time the government approved [the Progress Energy Resources and Nexen] acquisitions of control by Asian-based SOEs, the Prime Minister announced important changes to Canada’s policy for reviewing investments in Canada by state-owned enterprises which clearly indicate that the rules of the game for SOE investment have changed.” (Osler) Earlier this month, Canada’s… Read more »

Doing Business in China: A JD Supra Legal Reader

A cautionary tale kicks off this latest edition of Doing Business in China: Sixing Liu, a Chinese national with U.S. residency, was arrested and charged with export control violations when returning from a trip to China one year ago. From law firm Miller Canfield: “Liu allegedly took export-controlled technical data on military technology (Controlled Data)… Read more »

SEC Adopts Final Rules for Reporting Resource Extraction Payments

The Securities and Exchange Commission has adopted a new rule that will require oil, natural gas, and mineral extraction companies to disclose payments made to foreign governments. For your reference, here’s a roundup of legal updates on the topic: SEC Adopts Final Resource Extraction Rules (Katten Muchin Rosenman LLP): “The new rules will require SEC… Read more »

Sanctions Update: U.S. Turns Up Pressure on Iran, Syria

Earlier this month, President Obama signed into law the Iran Threat Reduction and Syria Human Rights Act of 2012. From law firm Skadden Arps: “The Act is the U.S. government’s latest response to Iran’s illegal nuclear program and the situation in Syria, and it reflects an intensified effort to counter perceived efforts by non-U.S. companies… Read more »

Latest on Hydraulic Fracturing/Fracking: A JD Supra Legal Reader

Recently David Letterman pushed the fracking debate deeper into the primetime spotlight as he voiced strong concerns over hydraulic fracturing on his “Late Show” – summing up his feelings in two words: “We’re screwed.” Regardless of your position on this highly contentious topic, one thing is clear: today, there are numerous legal ramifications to fracking.… Read more »

EPA Sets New Emission Standards for the Oil & Gas Industry

On April 17, 2012, the U.S. Environmental Protection Agency published its long-awaited new emission standards for the oil and gas industry. The rules represent the federal agency’s first attempt to regulate emissions that escape into the air during the hydraulic fracturing, or fracking, process. For your reference, five takeaways: 1. The EPA believes compliance will… Read more »

Pennsylvania Oil & Gas Act Amendments Target Fracking Operations

We’re seeing interest in Pennsylvania’s Marcellus Shale bill, as recently enacted amendments to the state’s Oil and Gas Act are known. Designed to strengthen environmental protections, the legislation imposes additional reporting and operating burdens on natural gas producers in the state.  For your reference, here’s quick roundup of key points addressed in the new law.… Read more »