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Brazil Graft Crackdown Spurs Work For Lawyers, Corporate Change

March 26, 2016

In the midst of Brazil’s worst recession in decades, lawyer Thiago Jabor Pinheiro switched firms to focus full-time on one of the only booming fields in the scandal-plagued country: compliance and corporate ethics. For Pinheiro, a massive corruption investigation unfolding at state-run oil firm Petrobras offers a golden opportunity. The scandal broke just as a… Continue Reading »

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Brazil Senate Votes to Limit Petrobras Role in Deep Waters

February 28, 2016

Brazil’s Senate approved legislation that relieves Petrobras of its role as sole operator and mandatory stakeholder in so-called pre-salt deepwater oilfields, potentially allowing the state-run company to direct resources to more profitable operations. Legislators on Wednesday night voted 40 to 26 in favor of the bill, which was introduced by opposition Senator Jose Serra and now goes… Continue Reading »

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Senate Blocks Energy Bill in Dispute Over Flint’s Water

February 7, 2016

A bipartisan energy bill more than a year in the making was blocked by Democrats on a procedural vote in the U.S. Senate, falling victim to disagreements over aid for the lead-poisoned water system of Flint, Michigan. The Senate voted 46-50, short of the 60 votes needed to advance the bill, with Democrats leading the… Continue Reading »

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U.S. Senate Starts Debate on Broad Energy Bill

January 28, 2016

The U.S. Senate on Wednesday began debate on the country’s first major energy bill in over eight years, featuring measures aimed at protecting the electric power grid against cyber attacks and speeding the export of liquefied natural gas. Alaska Senator Lisa Murkowski, Republican chair of the Senate energy committee and Washington Senator Maria Cantwell, its… Continue Reading »

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Rockhopper Confirms Ombrina Mare Development under Threat from New Laws

January 7, 2016

Measures restricting oil and gas activity offshore Italy, included as part of the country’s 2016 budget plan, will likely affect development plans for its Ombrina Mare field but will not affect production at the Guendalina gas field, according to one of the partners in the field. Rockhopper Exploration, which has various interests in the Greater… Continue Reading »

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UK Onshore Industry Welcomes National Park Fracking Plans

December 24, 2015

Industry body UK Onshore Oil and Gas (UKOOG) announced late Wednesday that it welcomes secondary legislation just passed in the UK Parliament that includes plans to allow fracking for shale gas under the country’s national parks and in a number of other areas where fracking had previously been banned. The passing of the secondary legislation… Continue Reading »

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House Passes Bill Axing US Oil Export Ban, Veto Looms

October 12, 2015

A bill to repeal the U.S. oil export ban passed the House of Representatives on Friday, but faces an uncertain future after a veto threat by President Barack Obama. The bill sponsored by Representative Joe Barton, a Texas Republican, passed the House 261 to 159, failing to reach the 290 votes necessary to overturn a… Continue Reading »

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Somali Government Rejects Proposed UN Moratorium on Oil Deals

October 6, 2015

Somalia opposes a moratorium on oil deals that’s being discussed at the United Nations as a way of stabilizing one of the world’s most fragile states, Finance Minister Mohamed Adan said. A new UN Monitoring Group report on Somalia, to be released in mid-October, will repeat a recommendation first made in 2013 that the Security… Continue Reading »

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Senate Panel Passes Bill To Lift US Oil Export Ban, Future Uncertain

October 4, 2015

A bill to lift the 40-year-old ban on U.S. oil exports passed the Senate Banking Committee on Thursday, but the future of the measure is uncertain in the full chamber, after a controversial amendment was added to it. The bill, sponsored by Senator Heidi Heitkamp a Democrat from oil-producing North Dakota, passed 13 to 9…. Continue Reading »

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Clinton Would Support End to Oil Export Ban Only With Concessions

September 21, 2015

Democratic presidential candidate Hillary Clinton said on Friday she would support lifting the 40-year-old U.S. ban on crude exports only if the measure included concessions from the oil and gas industry to move toward cleaner energy. Clinton said she had not yet seen any legislation on lifting the ban that included concessions from the fossil… Continue Reading »

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