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Energy

Mayer Brown's Global Energy practice serves clients in the oil and gas, power and renewable energy sectors around the globe, including key energy centers in London, New York, Houston, Hong Kong and Singapore.

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Media Coverage
17 October 2014
Wall Street Journal (subscription required)
Energy partner Jose Valera (Houston) is quoted in this article discussing Mexico's recent energy overhaul.
Legal Update
9. Oktober 2014
Mayer Brown Legal Update
Die Rechtsprechung des BGH zum Insolvenzanfechtungsrecht zeichnete sich bis zuletzt durch eine insolvenzverwalterfreundliche Auslegung der Anfechtungstatbestände aus. Dies führt zum Leidwesen vieler Unternehmen häufig dazu, dass sie Zahlungen, die sie von einem später insolventen Vertragspartner erhalten haben, an den Insolvenzverwalter verzinst zurückgewähren müssen. Das ist nicht nur sanierungsfeindlich, sondern häufig geraten die betroffenen Unternehmen dadurch auch selbst in finanzielle Schwierigkeiten, zumal sich die Anfechtungsansprüche auf Zahlungen erstrecken können, die bis zu zehn Jahre zurückliegen.
Media Coverage
October 2014
Infrastructure Investor
Energy partner Jose Valera (Houston) is quoted in this article discussing Mexico's energy reforms.
News Releases
25 September 2014
Mayer Brown, a leading global law firm, announced that the 2015 edition of Chambers Latin America ranked the firm in four practice categories and recognized nine Mayer Brown lawyers with nine rankings in six practice categories.
Media Coverage
September 2014
Pratt's Energy Law Report
In this bylined article, global head of Mining Ian Coles discusses mining rare earth elements.
Media Coverage
11 September 2014
Bloomberg
Robert Hamill, global co-head of the Energy group, is quoted in an article on the affect Scottish independence will have on the oil & gas sector.
News Releases
10 September 2014
Mayer Brown, a leading global law firm, announced that the 2014 edition of Legal 500 Latin America ranked the firm in the top tier of the Latin America: International Firms – Projects and Energy category for the third consecutive year and named Mayer Brown partners Christopher Erckert and Barry Machlin as “Leading Lawyers” in that category.
Legal Update
9 September 2014
Mayer Brown Legal Update
We are pleased to make available to our clients and industry contacts side-by-side Spanish and English translations of the newly enacted Mexican Hydrocarbons Law and the Hydrocarbon Revenues Law, as published in the Mexican Daily Federal Gazette (Diario Oficial de la Federación) on August 11, 2014.
Media Coverage
8 September 2014
Think Advisor
Energy partner Dallas Parker (Houston) is quoted on investment opportunities in Mexico as a result of the country's energy reforms.  
Media Coverage
5 September 2014
Houston Chronicle "FuelFix" blog
Energy partner Jose Valera (Houston) is quoted on how Mexico's energy reforms could impact the country's electric power industry.
2014
Texas Journal of Oil, Gas, and Energy Law
In a bylined article, Energy associates Gabriel Salinas and John Furlow (both Houston) examine the constitutional framework of Mexico's energy reforms and what the reforms could mean for the country's energy industry.
Media Coverage
28 August 2014
Oil & Gas Investor (subscription required)
Litigation & Dispute Resolution partner Bill Knull, Banking & Finance partner Kevin Shaw and Litigation & Dispute Resolution associate Jessica Crutcher (all Houston) examine overriding royalty interests (ORRIs), net profits interests (NPIs) and production payments (PPs).
Media Coverage
26 August 2014
Energy Risk (subscription required)
Energy partner Jose Valera (Houston) is quoted in an article discussing opportunities for international energy companies in Mexico after the country enacts its energy reforms.
Media Coverage
22 August 2014
Upstream (subscription required)
Energy partner Dallas Parker (Houston) is quoted in an article discussing the interest from companies in other sectors regarding business opportunities that may emerge from Mexico's energy reforms.
Media Coverage
22 August 2014
Upstream (subscription required)
Energy partner Dallas Parker (Houston) is quoted in an article reporting that Pemex is seeking to establish partnerships with companies in the deep-water sector.  
Media Coverage
19 August 2014
ICIS News (subscription required)
In an interview feature, Energy partner Jose Valera (Houston) discusses how Mexico's energy reforms should increase natural gas liquids (NGLs) production in the country.
Media Coverage
19 August 2014
The Texas Lawbook (subscription required)
Corporate & Securities partner Thomas Moore, Litigation & Dispute Resolution partner Mike Lennon and Real Estate partner Neil Wasserstrom (all Houston) are quoted in an article reporting on the arrival of Thomas at the firm.
Media Coverage
18 August 2014
Oil & Gas Journal
A Mayer Brown legal update by Energy partners Dallas Parker, Jose Valera, Pablo Ferrante and associates Gabriel Salinas and John Furlow (all Houston) is extensively cited in an article discussing energy reform in Mexico.
Media Coverage
14 August 2014
Law360
Energy partner Jose Valera (Houston) is quoted in an article discussing the legal services that will be most in demand as Mexico enacts its energy reforms.
Media Coverage
13 August 2014
Unconventional Oil & Gas Report
Energy partner Jose Valera (Houston) is extensively quoted in an article discussing energy reform in Mexico.
News Releases
12 August 2014
Mayer Brown, a leading global law firm, announced today that Thomas J. Moore has joined the firm’s Houston office as a partner in the Corporate & Securities and Oil & Gas practices. Previously, he was a partner with Baker Botts in Houston.
Media Coverage
11 August 2014
Recharge
Tax Transactions & Consulting partner Jeff Davis (Washington DC) is quoted on new guidelines released by the US Internal Revenue Service to expand renewable energy production tax credit eligibility.
Legal Update
8 August 2014
Mayer Brown Legal Update
The US Internal Revenue Service (the IRS) has released Notice 2014-46 (the Notice), which provides further clarification about how a taxpayer can satisfy the requirement that construction of a renewable energy project began before January 1, 2014. The Notice, released on August 8, 2014, is welcome news for the renewable energy industry, which has been anxiously awaiting further guidance with respect to two aspects of the so-called “begin construction” requirement. The Notice addresses those two aspects and modifies a third aspect of the requirement.
Media Coverage
7 August 2014
Upstream (subscription required)
Energy partner Jose Valera (Houston) is quoted on the Mexican Senate's approval of secondary energy reform legislation.
Media Coverage
6 August 2014
The Dallas Morning News
Energy partner Jose Valera (Houston) is quoted on the Mexican Senate's approval of secondary energy reform legislation.
Legal Update
5 August 2014
Mayer Brown JSM Legal Update
On 15 July 2014, the State Administration of Foreign Exchange (SAFE) issued the Circular of the SAFE on Relevant Issues Concerning the Pilot Reform in Certain Areas of the Administrative Method of the Conversion of Foreign Exchange Funds by Foreign-invested Enterprises (“Circular 36”), which came into effect on 4 August 2014. Circular 36 provides greater flexibility to foreign-invested enterprises (FIEs) in certain locations in China in converting foreign exchange in their capital account into RMB, and in particular it lifts the restriction on an FIE’s onshore equity investments with funds from their capital account.
Media Coverage
5 August 2014
Latin Lawyer (subscription required)
Energy associate Gabriel Salinas (Houston) is quoted on Mexico's energy reforms as part of a Latin Lawyer-hosted roundtable discussion in Houston.
News Releases
4 August 2014
Mayer Brown, a leading global law firm, represented Bonanza Creek Energy, Inc., an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States, in the issuance of a $300 million high yield senior unsecured note offering at 5.75%.
News Releases
4 August 2014
Partner Devi Shah also named among the “Top 100 Restructuring & Turnaround Professionals” of 2014 

Mayer Brown, a leading global law firm, advised on the transaction named “Energy & Services Turnaround of the Year” by Global M&A Network at its 2014 Turnaround Atlas Awards, which honor excellence from the restructuring and turnaround communities worldwide. Winning transactions were selected in 50 restructuring/turnaround awards categories, based on criteria such as number of creditors, jurisdiction, pre/post workout, sustainability, operational/client/HR metrics, timeliness, leadership, and resourcefulness.
Legal Update
22 July 2014
Mayer Brown Legal Update
Companies undergoing review by the Committee on Foreign Investment in the United States (CFIUS) have a due process right to notice of unclassified evidence and an opportunity to rebut that evidence, according to the US Court of Appeals for the DC Circuit.
Media Coverage
18 July 2014
Bloomberg Businessweek
Energy partner Dallas Parker and associate Gabriel Salinas (both Houston) are quoted on the Mexican Senate's approval of additional legislation to open the country’s energy industry to private companies.
Media Coverage
18 July 2014
E&P
Energy partner Jose Valera (Houston) is quoted in an article discussing that local content requirements for E&P companies doing business in Mexico could rise from 25% next year to 35% by 2025 if the energy bill approved by Mexico's Senate is approved by the country's lower house and president.
Legal Update
17 July 2014
Mayer Brown JSM Legal Update
It has been over nine months since the Shanghai Free Trade Zone (FTZ) was launched and a “negative list” approach for foreign investment adopted in the FTZ. On 1 July 2014, the Shanghai Municipal People’s Government issued a revised version of the negative list (the “Revised Negative List”), aiming to offer more leeway for foreign investment in the zone.
Legal Update
11 July 2014
Mayer Brown Legal Update
By agreeing a payment period, contractual parties determine at what time the payment obligation must be fulfilled. Agreements on payment periods are relevant in particular for contracts on the delivery of goods or the rendering of services, where the seller or the service provider makes advance deliveries, for instance by delivering goods on account.
News Releases
8 July 2014
Mayer Brown, a leading global law firm, announced that Michael P. Lennon Jr. has joined the firm in Houston as a partner in the Litigation & Dispute Resolution practice and International Arbitration group. Previously, he was a partner with Baker Botts in Houston.
Media Coverage
18 June 2014
Offshore
Energy partners Dallas Parker, Jose Valera and Pablo Ferrante and associates Gabriel Salinas and John Furlow (all Houston) examine Mexico's proposed Hydrocarbons Law and Hydrocarbon Revenues Law.
Legal Update
12 June 2014
Mayer Brown Legal Update
The Defense Logistics Agency (DLA), in conjunction with the US Navy, has issued a solicitation for bulk fuels for DLA Energy’s customers located in the Inland/East/Gulf Coast regions of the United States. The Inland/East/Gulf Coast is the single largest bulk fuels acquisition program, and it is valued in excess of $3.5 billion.
Media Coverage
12 June 2014
The Wall Street Journal (subscription required)
Energy partner Jose Valera (Houston) is quoted in an article discussing that Pemex is concerned that one of its regulators, the National Hydrocarbons Commission, will be able to impose on it partners for joint ventures after Mexico's energy reform bill is passed.
Media Coverage
9 June 2014
Bloomberg BNA Daily Report for Executives (subscription required)
Energy associate Gabriel Salinas (Houston) is quoted in an article reporting that Mexican lawmakers are considering whether to raise national content requirements up to 35% for international energy projects as they work to finalize legislation for the country's energy reforms.
Media Coverage
5 June 2014
Latin Lawyer (subscription required)
Corporate & Securities partner Alexandre Chequer (Rio de Janeiro) is quoted in an article reporting on a panel discussion regarding oil M&A at Latin Lawyer's Oil and Gas Conference.
Legal Update
2 June 2014
Mayer Brown Legal Update
The US Department of Energy (DOE) has proposed to suspend its current practice of issuing conditional decisions on applications to export liquefied natural gas (LNG) from the lower-48 states to foreign countries without free trade agreements (FTAs) with the United States.
Media Coverage
2 June 2014
Oil & Gas Journal
Corporate & Securities partner Alexandre Chequer (Rio de Janeiro) is quoted from a discussion at the Mayer Brown Global Energy Conference in Houston regarding operatorship of presalt projects in Brazil.
Legal Update
30 May 2014
Mayer Brown Legal Update
President Enrique Peña Nieto introduced to the Mexican Congress nine new bills, as well as amendments to several existing laws, to implement the constitutional energy reform passed on December 21, 2013.
Legal Update
28 May 2014
Mayer Brown Legal Update
The US Federal Energy Regulatory Commission (FERC) has issued a Notice of Proposed Rulemaking in which it has proposed waiving the Open Access Transmission Tariff (OATT) and associated requirements for public utilities that own, operate or control Interconnection Customer’s Interconnection Facilities (ICIF), or the tie-lines that connect electric generating units to the transmission grid.
Media Coverage
28 May 2014
BNAmericas Oil & Gas Intelligence Series
Energy partners Jose Valera and Dallas Parker and associate Gabriel Salinas (all Houston) are quoted in a report focusing on Mexico energy reform and the opening of the country’s oil and gas sector.
Newsletter
27 May 2014
Mayer Brown Newsletter
A primary goal of Mayer Brown’s Global Energy Industry Review has been to publish for our clients and friends, brief (yet insightful) and timely articles about topics affecting the energy industry around the world. This edition of the Review, we believe, achieves that goal and demonstrates our firm’s worldwide reach.
News Releases
20 May 2014
Leading global law firm Mayer Brown has advised Standard Bank and Renaissance Capital as managers to the US$98.7 million sale of shares in Umeme Limited, an energy distribution network company in Uganda, by Umeme Holding Limited.
Media Coverage
20 May 2014
E&P
The article reports on a discussion at the Mayer Brown Global Energy Conference in Houston regarding Mexico's energy reform legislation.
Media Coverage
19 May 2014
Rigzone
Corporate & Securities partner Alexandre Chequer (Rio de Janeiro) is quoted in an article reporting on a discussion at the Mayer Brown Global Energy Conference in Houston regarding operatorship of presalt projects in Brazil.
Media Coverage
16 May 2014
Houston Chronicle (subscription required)
The article reports on a discussion at the Mayer Brown Global Energy Conference in Houston about how smaller companies are playing an increasing role in shale gas development.
Media Coverage
16 May 2014
E&P
Corporate & Securities partner Alexandre Chequer (Rio de Janeiro) is quoted in an article reporting on a discussion at the Mayer Brown Global Energy Conference in Houston about Brazil's consideration of proposals to open operatorship of its presalt projects to companies other than Petrobras.
Media Coverage
16 May 2014
Oil & Gas Journal
Energy partner Jose Valera (Houston) is quoted in an article reporting on comments by the former Secretary of Energy of Mexico at the Mayer Brown Global Energy Conference in Houston.
Media Coverage
15 May 2014
Upstream (subscription required)
The article reports on a discussion at the Mayer Brown Global Energy Conference in Houston regarding the role of Pemex in Mexico's energy reform process.
Media Coverage
15 May 2014
Houston Chronicle "FuelFix" blog
Energy partner Jose Valera (Houston) is quoted in an article reporting on comments made by the former Secretary of Energy of Mexico at the Mayer Brown Global Energy Conference.
Media Coverage
15 May 2014
Oil & Gas Journal
Corporate & Securities partner Alexandre Chequer (Rio de Janeiro) is quoted in an article reporting on a discussion at the Mayer Brown Global Energy Conference in Houston about Brazil's consideration of proposals to open operatorship of its presalt projects to companies other than Petrobras.
Media Coverage
15 May 2014
Upstream (subscription required)
Corporate & Securities partner Alexandre Chequer (Rio de Janeiro) is quoted in an article reporting on a discussion at the Mayer Brown Global Energy Conference in Houston about Brazil's consideration of proposals to open operatorship of its presalt projects to companies other than Petrobras.
Media Coverage
15 May 2014
ICIS News (subscription required)
Energy partner Jose Valera (Houston) in quoted in an article reporting on a discussion at the Mayer Brown Global Energy Conference in Houston regarding Mexico's secondary energy reform legislation.
Media Coverage
15 May 2014
Houston Chronicle Fuel Fix blog
The article reports on a discussion at the Mayer Brown Global Energy Conference in Houston about how energy reform in Mexico could impact US shale gas sellers.
Legal Update
14 May 2014
Mayer Brown Legal Update
On May 9, 2014, the US Internal Revenue Service (the “Service”) issued proposed regulations (the “Proposed Regulations”) that clarify the definition of real property for purposes of the real estate investment trust (“REIT”) provisions under Section 856.
Media Coverage
13 May 2014
Latin Lawyer (subscription required)
Energy partner Dallas Parker (Houston) is quoted on the secondary energy reform legislation submitted by Mexican President Enrique Peña Nieto. 
Media Coverage
9 May 2014
Houston Chronicle (subscription required)
Energy associate Gabriel Salinas (Houston) is quoted in an article discussing a new report from Rice University's Baker Institute that warns that criminal activity in northern Mexico could undermine the country's energy reform efforts.
Media Coverage
8 May 2014
Legal Business (subscription required)
Energy partner Dallas Parker (Houston) is quoted in an article discussing the oil and gas sector in Mexico and the country's proposed energy reforms.
News Releases
6 May 2014
Mayer Brown, a leading global law firm, announced that Corporate & Securities partner Jeff M. Dobbs (Houston), Banking & Finance partner Thomas L. Eldert (Washington DC), Intellectual Property partner Brian A. Rosenthal (Washington DC) and Real Estate partner David B. H. Saye (Charlotte), were named 2014 “Rising Stars” by Law360. This annual recognition honors attorneys under the age of 40 “whose accomplishments in major transactions or litigation belie their age,” the publication said.
Media Coverage
2 May 2014
Law360
Energy partner Jeff Dobbs (Houston) is profiled as one of Law360's 2014 "Rising Stars" under 40 in the energy category.
Media Coverage
1 May 2014
Bloomberg BNA Daily Report for Executives (subscription required)
Energy associate Gabriel Salinas (Houston) is quoted on Mexico's proposed national oil fund.
Media Coverage
1 May 2014
Midstream Business (subscription required)
Energy partner Jose Valera (Houston) is quoted in an article discussing how global involvement and the amount of money at stake in Mexico's energy reforms could curb corruption in the country.
Legal Update
30 April 2014
Mayer Brown Legal Update
On April 30, 2014, President Enrique Peña Nieto introduced to the Mexican Congress nine new bills, as well as amendments to several existing laws, to implement the constitutional energy reform passed on December 21, 2013.
Media Coverage
April 2014
AIPN Advisor
In a bylined article, Energy partners Dallas Parker, Jose Valera and Pablo Ferrante and associates Gabriel Salinas and John Furlow (all Houston) examine Mexico's energy reform legislation.
Media Coverage
30 April 2014
Bloomberg BNA Daily Report for Executives (subscription required)
Energy partner Dallas Parker and associate Gabriel Salinas (both Houston) are quoted on secondary energy reform legislation in Mexico.
Media Coverage
30 April 2014
Law360
In a bylined article, Banking & Finance partner Paul Forrester (Chicago) examines the US Department of Energy's draft solicitation for new loan guarantees under Section 1703 of Title XVII of the Energy Policy Act.
Media Coverage
30 April 2014
Bloomberg
Energy partner Dallas Parker (Houston) is quoted on secondary energy reform legislation in Mexico.
Media Coverage
28 April 2014
OE
Energy partner Dallas Parker (Houston) is quoted on GE Oil & Gas' announcement of a technology collaboration with Mexico Institute of Petroleum (IMP) and Petróleos Mexicanos (PEMEX).
Media Coverage
25 April 2014
Law360
Energy partners Jose Valera and Dallas Parker (both Houston) are quoted on the outlook for the energy industry as secondary energy reform legislation is scheduled to be passed in Mexico.
Media Coverage
17 April 2014
Forbes
A presentation by Energy partner Dallas Parker (Houston) at Mergermarket's 6th Annual Energy Forum is extensively cited in an article discussing the potential opportunities for the oil and gas industry after energy reform legislation is passed in Mexico.
Media Coverage
11 April 2014
Law360
Energy partner Jeff Dobbs (Houston), Intellectual Property partner Brian Rosenthal (New York), Banking & Finance partner Tom Eldert (Washington, DC) and Real Estate partner David Saye (Charlotte) are named as "Rising Stars for 2014" by Law360.
News Releases
3 April 2014
Mayer Brown, a leading global law firm, provided legal counsel on three transactions that Project Finance magazine named 2013 “Deals of the Year” in the North America and Latin America regions. The awards recognize innovation and excellence in energy and infrastructure finance, and are selected by the magazine’s staff of experienced journalists in consultation with influential market participants.
Media Coverage
1 April 2014
E&P
Energy partner Jose Valera (Houston) is quoted on energy reform in Mexico.
Media Coverage
1 April 2014
E&P
The article reports on discussions about energy reform in Mexico at a Mayer Brown-hosted seminar in Houston.
Media Coverage
1 April 2014
OE
The article notes the arrivals of Energy partners Bill Heller and Harry Beaudry (both Houston) at the firm.
Legal Update
31 March 2014
Mayer Brown JSM Legal Update
Mayer Brown JSM lawyers have contributed two country chapters to the IFLR Project Finance Annual Guide 2014 – one on Thailand, by Maythawee Sarathai and Ben Thompson; the other on Vietnam, by Nathan Dodd, David Harrison and Quynh-Anh Lam.
Media Coverage
28 March 2014
Latin Lawyer (subscription required)
Energy partner Dallas Parker (Houston) is quoted on the secondary energy reform legislation scheduled to be passed in Mexico.
Legal Update
19 March 2014
Mayer Brown Legal Update
The Chancellor of the Exchequer, George Osborne, today delivered his 2014 Budget Speech in the House of Commons announcing a package of measures aimed at cutting green taxes on UK businesses by £7 billion by 2018 - 2019.
Media Coverage
17 March 2014
Houston Chronicle Fuel Fix blog
Energy associate Gabriel Salinas (Houston) is quoted in an article reporting that the Senate leader of the National Action Party (PAN) in Mexico walked out of congressional negotiations on laws necessary to implement energy reform legislation.
News Releases
10 March 2014
Mayer Brown and Tauil & Chequer Advogados, in association with Mayer Brown, have been named “Recommended Firms” in the 2014 edition of the Latin Lawyer 250, the definitive guide to the leading business law firms of Latin America. The guide is based on results from Latin Lawyer’s poll of legal practitioners operating in Latin America; on-the-ground editorial research involving visits to law firms and face-to-face interviews with clients in all 18 Latin American countries covered, as well as in the United States, Canada and Europe; and thousands of questionnaires completed by corporate counsel.
Media Coverage
7 March 2014
Upstream (subscription required)
Energy partners Dallas Parker and Jose Valera (both Houston) are quoted in an Upstream feature examining energy reforms in Mexico.
Media Coverage
2 March 2014
The Houston Chronicle "FuelFix" blog
Energy associate Gabriel Salinas (Houston) is quoted in an article discussing that Mexico's energy reforms could raise interest in renewable energy production in the country.
Media Coverage
27 February 2014
Law360
Tax Transactions & Consulting partner Jeff Davis (Washington, DC) is quoted on a tax reform proposal released by the US House of Representatives that seeks to dramatically reduce the amount of the wind energy production tax credit (PTC).
Media Coverage
27 February 2014
North American Windpower
Tax Transactions & Consulting partner Jeff Davis (Washington, DC) is quoted on a tax reform proposal released by the US House of Representatives that seeks to dramatically reduce the amount of the wind energy production tax credit (PTC).
Legal Update
27 February 2014
Mayer Brown Legal Update
On February 26, 2014, US House Committee on Ways and Means Chairman Dave Camp released draft tax reform legislation entitled the Tax Reform Act of 2014 (the “Draft”). According to Chairman Camp, the overarching goal of the Draft is to “fix America’s broken tax code by lowering tax rates while making the code simpler and fairer for families and job creators.”
Media Coverage
18 February 2014
Natural Gas Europe
In a Q&A feature, Government & Global Trade special counsel Mark Gitenstein (Washington, DC) discusses the state of the shale gas market in Romania.
Media Coverage
17 February 2014
Texas Lawyer (subscription required)
Energy partner Dallas Parker (Houston) is quoted in an article discussing that energy lawyers in Texas are vying to inform clients and potential clients about the progress of energy reforms in Mexico.
Media Coverage
16 February 2014
The New York Times
Energy partner Jose Valera (Houston) is quoted in an article discussing the state of the economy in Bolivia.
Legal Update
11 February 2014
Mayer Brown JSM Legal Update
In this article we outline some of the reasons why Myanmar's power sector has attracted the interest of the international project finance community and provide an overview of the key challenges that the power sector is facing.
Media Coverage
1 February 2014
Unconventional Oil & Gas Report
In a bylined article, Banking & Finance partner Kevin Shaw and Energy associate John Furlow (both Houston) examine the draft regulations and interim emergency regulations recently published by California's Division of Oil, Gas, and Geothermal Resources to implement California Senate Bill 4.
Media Coverage
29 January 2014
Rigzone
The article notes that a Mayer Brown-hosted seminar in Houston included a discussion on the secondary legislation that Mexico will need in order to move forward with its energy reforms.
Media Coverage
29 January 2014
EnergyWire (subscription required)
The article notes that a Mayer Brown-hosted seminar in Houston included a discussion on energy reforms in Mexico.
News Releases
28 January 2014
Mayer Brown Energy partner Jose Valera (Houston) has been named to Latinvex’s annual list of Latin America’s “Top 100 Lawyers,” which recognizes the “leading attorneys from international law firms that are involved in the growing legal business in Latin America.” Latinvex is an online journal providing daily news and weekly analysis of Latin America’s business, legal and technology sectors.
Media Coverage
28 January 2014
Rigzone
The article notes that a Mayer Brown-hosted seminar in Houston included a discussion on energy reforms in Mexico.
Media Coverage
24 January 2014
The Dallas Morning News
Energy partner Dallas Parker (Houston) is quoted in an article discussing that Mexican congressman Javier Treviño Cantu has been touring Texas to tout his country's energy reforms to US oil companies.
Media Coverage
23 January 2014
Offshore
The article notes that a Mayer Brown-hosted seminar in Houston included a discussion on energy reforms in Mexico.
Media Coverage
22 January 2014
E&P
The article notes that a Mayer Brown-hosted seminar in Houston included a discussion on energy reforms in Mexico.
Media Coverage
22 January 2014
Oil & Gas Journal
The article notes that a Mayer Brown-hosted seminar in Houston included a discussion on energy reforms in Mexico.
Media Coverage
22 January 2014
Energy Intelligence’s Oil Daily (subscription required)
The article notes that a Mayer Brown-hosted seminar in Houston included a discussion on energy reforms in Mexico.
Media Coverage
21 January 2014
Houston Chronicle Fuel Fix blog
The article notes that a Mayer Brown-hosted seminar in Houston included a discussion on the energy, telecommunication and political reforms that are taking place in Mexico.
Media Coverage
21 January 2014
The Deal
The article notes that a Mayer Brown-hosted seminar in Houston included a discussion on energy reforms in Mexico.
News Releases
15 January 2014
Leading global law firm Mayer Brown has advised on the restructuring and sale of ATP Oil & Gas (UK) Limited to Alpha Petroleum (UK) Holdings Limited, an investment vehicle of Petroleum Equity, a newly-established private equity firm focused on the upstream oil and gas market outside North America.
Media Coverage
7 January 2014
Drilling Contractor
Energy partner Jose Valera (Houston) is quoted on Mexico's energy reform bill.
Media Coverage
6 January 2014
Law360
In a bylined article, Energy partners Dallas Parker, Jose Valera, Pablo Ferrante and associates Gabriel Salinas and John Furlow (all Houston) examine Mexico's energy reform bill.
News Releases
3 January 2014
Mayer Brown, a leading global law firm, represented Halcón Resources Corporation, an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States, in connection with the offering and issuance of $400 million in aggregate principal amount of its 9.75% senior unsecured notes due 2020.
Legal Update
16 December 2013
Mayer Brown Legal Update
The State of California’s Division of Oil, Gas and Geothermal Resources (the “DOGGR”) has issued draft regulations and interim emergency regulations to implement California Senate Bill 4—legislation designed to bring additional regulation and oversight to oil and gas operations involving “well stimulation treatments,” such as hydraulic fracturing.
Legal Update
16 December 2013
Mayer Brown Legal Update
The Mexican Congress has now overwhelming passed a bill with broad constitutional reforms that will open Mexico’s energy sector to investment and competition. The bill calls for amending articles 25, 27 and 28 of the Mexican Constitution, and for adding 21 “transitional articles” detailing the regulations to be implemented. To become law, the bill now needs to be approved by a majority of Mexico’s state legislatures, which is expected soon.
Media Coverage
13 December 2013
The Houston Chronicle "FuelFix" blog
Energy associate Gabriel Salinas (Houston) is quoted on Mexico's draft energy reform bill.
Media Coverage
13 December 2013
Law360
Energy partner Jose Valera (Houston) is quoted on Mexico's proposed energy reforms.
Media Coverage
12 December 2013
Wall Street Journal
Energy partners Dallas Parker and Jose Valera (both Houston) are quoted on the Mexican Senate committees' approval of a draft energy reform bill.
Legal Update
12 December 2013
Mayer Brown Legal Update
The Mexican Congress has approved a constitutional reform that will open Mexico’s energy sector to investment and competition. To become law, the bill now needs to be approved by a majority of Mexico’s state legislatures, which is expected soon.
Media Coverage
12 December 2013
BNamericas (subscription required)
Energy partner Dallas Parker (Houston) is quoted in an article discussing how changes to the law requiring miners to allow hydrocarbon production within mining concessions in Mexico are likely to lead to legal disputes.
Legal Update
11 December 2013
Mayer Brown Legal Update
On December 11, 2013, the Mexican Senate passed a sweeping energy reform bill that, if enacted into law, will revolutionize the country’s energy sector and bring about the most significant overhaul of the sector since 1938.
Media Coverage
11 December 2013
BNamericas (subscription required)
Energy partner Jose Valera (Houston) is quoted in an article discussing how Mexico's energy reform overhaul puts to rest the debate over hydrocarbon reserve booking for private firms.
Media Coverage
11 December 2013
Los Angeles Times
Energy partner Dallas Parker (Houston) is quoted on the Mexican Senate committees' approval of a draft energy reform bill.
Media Coverage
11 December 2013
E&P
Energy partner Dallas Parker (Houston) is quoted on the Mexican Senate committees' approval of a draft energy reform bill.
Media Coverage
10 December 2013
Houston Chronicle Fuel Fix blog
Energy associate Gabriel Salinas (Houston) is quoted on the Mexican Senate committees' approval of a draft energy reform bill.
News Releases
10 December 2013
Mayer Brown is representing Kentz Corporation Limited, the Irish holding company of Kentz engineering and construction group, in connection with the proposed acquisition of Valerus Field Solutions for $435 million. Valerus Field Solutions is a US-based integrated oil and gas surface facility solutions provider.
Media Coverage
9 December 2013
Reuters
Energy partner Jose Valera (Houston) is quoted on the Mexican Senate committees' approval of a draft energy bill allowing private investment in the country.
Legal Update
5 December 2013
Mayer Brown Legal Update
The Mexican Senate overwhelmingly approved a historic electoral reform bill on December 3, 2013. The bill is expected to be approved by the lower house of the Mexican Congress in the next few days.
Media Coverage
5 December 2013
Wall Street Journal
Energy partner Jose Valera (Houston) is quoted in an article reporting that Mexico's government and the main opposition party have agreed on the crucial details of a legislative bill that will give private-sector oil firms a larger role in the Mexican oil industry.
Media Coverage
November/December 2013
Drilling Contractor
Energy partner Jose Valera (Houston) is extensively quoted in an article discussing energy reform in Mexico.
News Releases
27 November 2013
Mayer Brown, a leading global law firm, represented Bonanza Creek Energy, Inc., an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States, in connection with its SEC-registered offering of $200 million of 6.75% senior notes due 2021.
News Releases
21 November 2013
Mayer Brown, a leading global law firm, announced that Houston Energy partner Jose Valera has been recognized as a rainmaker by Diversity & The Bar magazine, a publication of the Minority Corporate Counsel Association. This annual issue looks to “highlight the professional successes of minority attorneys who continue to lead the industry,” the publication said.
Media Coverage
November/December 2013
Diversity & The Bar
Energy partner Jose Valera (Houston) is quoted in an article profiling him as a "rainmaker" in law.
Media Coverage
19 November 2013
Upstream (subscription required)
Corporate & Securities partner Bob Gray (Houston) is quoted on the current state of North American oil and gas market.  
Legal Update
18 November 2013
Mayer Brown Legal Update
On November 8, 2013, the US Federal Energy Regulatory Commission (FERC) issued a Presidential Permit and Granting Authorization* (under Section 3 of the Natural Gas Act) allowing NET Mexico Pipeline Partners, LLC (NET Mexico), a subsidiary of Houston-based NET Midstream, to build a natural gas export facility with 2.1 billion cubic feet per day (Bcf/d) capacity at the US-Mexico border.
Legal Update
18 November 2013
Mayer Brown Legal Update
On October 8, 2013, US Rep. Fred Upton (R-MI), chair of the US House Energy and Commerce Committee, and US Rep. Gene Green (D-TX) introduced to the US House of Representatives the North American Energy Infrastructure Act, a bipartisan bill seeking to establish a more efficient approval process for cross-border energy infrastructure and, specifically, oil and gas pipelines and electric transmission lines.
Media Coverage
11 November 2013
Oil & Gas Financial Journal
In a bylined article, Litigation & Dispute Resolution partner Scott Perlman (Washington, DC) provides an overview of how provisions in the Hart-Scott-Rodino Act apply to energy-related transactions.
Media Coverage
11 November 2013
Latin America Advisor (subscription required)
Energy partner Jose Valera (Houston) is interviewed in a Q&A feature discussing the natural gas industry in Bolivia.
Brochure
6 November 2013
Mayer Brown JSM has been advising clients in the energy sector for decades. Our worldwide client base includes companies representing the full spectrum of the energy industry, and those that finance or invest in them.
Media Coverage
6 November 2013
Financial Times (subscription required)
Energy partner Jose Valera (Houston) is quoted on the Mexican government negotiating a more ambitious energy reform plan than previously expected.
Legal Update
4 November 2013
Mayer Brown Legal Update
With the rapid expansion of US shale oil and gas production in recent years, it has become increasingly important for operators and oilfield services companies to stay informed about new regulatory developments.
Media Coverage
November 2013
Pipeline & Gas Journal
In a bylined article, Energy partner Dallas Parker and associate John Furlow (both Houston) discuss shale gas development outside of the US.
Media Coverage
November 2013
Institutional Investing in Infrastructure (subscription required)
Energy partner Dallas Parker and associate John Furlow (both Houston) are quoted on the shale gas boom in North America.
Media Coverage
October 2013
Pipeline & Gas Journal
Energy partners Dallas Parker and Jose Valera (both Houston) are quoted on proposed energy reforms in Mexico.
Media Coverage
30 October 2013
Forbes
Energy partner Jose Valera (Houston) is quoted on Mexican President Enrique Peña Nieto's proposed energy reforms.
Media Coverage
21 October 2013
Latin Lawyer (subscription required)
Energy partner Dallas Parker (Houston) is quoted on proposed energy reforms in Mexico.
Article
21 October 2013
A Master Limited Partnership or MLP (sometimes called a publicly traded partnership or PTP), is an attractive business entity because it is treated as a partnership for federal income tax purposes even though the ownership interests in the MLP are publicly traded. Thus, the income of the MLP is subject to a single level of tax at the partner level; moreover, ordinary business deductions flow through the MLP and reduce the partners’ taxable income from the MLP. By contrast, income of a corporation (other than an S corporation) is subject to tax at the corporate level, and the net after-tax income of the corporation is subject to a second level of tax when distributed as dividends to its shareholders.
Article
21 October 2013
Myanmar’s emergence in the last 12 months as one of the world’s most promising markets needs little introduction. With a population of around 60 million and a strategically advantageous geographical location, it presents significant opportunities across a broad range of sectors. However, with only 26% of Myanmar’s population having access to electricity and demonstrations last year against rolling power cuts, the power sector is a top priority for the Government of Myanmar (GOM). The latest announced goal of the GOM is to increase capacity by 16,000MW by 2030, with a master plan and regulations for the power industry currently under development and due for release in 2014.
Article
21 October 2013
At a time when there is significant M&A activity in the energy industry, it is critical for energy companies to understand how the premerger notification filing requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act” or “the Act”),and the regulations promulgated under the Act (“HSR Rules” or “Rule(s)”),may apply to their transactions. In fact, there are both energy-specific exemptions to the Act and other exemptions of more general application that can be used to exempt broad categories of energy mergers and acquisitions from HSR Act filing requirements. These exemptions are highly technical, however, and include a number of exceptions. As a result, transactions that exceed the Act’s basic jurisdictional thresholds often must be reviewed carefully to determine whether any of these exemptions can be applied to the particular transaction at issue.
Article
21 October 2013
On August 12, 2013, Mexican President Enrique Peña Nieto of the current ruling party, the Partido Revolucionario Institucional (PRI), delivered a highly anticipated constitutional energy reform proposal to the Mexican Senate, which, if passed, will constitute the most significant overhaul of the Mexican energy sector since 1938. The proposal is expected to be considered by the Mexican Congress in September.
Article
21 October 2013
Editor’s Note: After this bylined article appeared (in June 2013), the SEC’s resource extraction payments disclosure rule was vacated on July 2, 2013 by the U.S. District Court for the District of Columbia. The findings indicated the Court’s disagreement with the SEC’s construction of a provision in the statute upon which the new rule was based, and that the SEC’s arguments for not providing an exemption for certain disclosures meant that some complying companies would be competitively disadvantaged. On September 2, 2013, a spokesperson for the SEC indicated that it would not appeal the decision, but that it would re-propose the rule informed by the court’s decision.
Media Coverage
20 October 2013
Houston Chronicle Fuel Fix blog
Energy partner Jose Valera (Houston) is quoted on Brazil's Libra oil field auction.
News Releases
17 October 2013
Mayer Brown, a leading global law firm, announced today that Corporate & Securities partner David Carpenter (New York) has been named a finalist in the “Legal Advisor of the Year” category of the 2013 M&A Advisor Awards.
Newsletter
17 October 2013
Mayer Brown Newsletter
In this issue of Mayer Brown’s Global Energy Industry Review, we analyze two regional developments—in Mexico, President Enrique Peña Nieto’s proposal to overhaul the country’s energy industry by promoting broad constitutional changes that would open the Mexican petroleum industry to private participation, and, in Myanmar, the emergence of myriad opportunities in the energy sector as that country experiences a period of political transition and reform.
Media Coverage
17 October 2013
Law360
In a bylined article, Litigation & Dispute Resolution partner John Sullivan and Banking & Finance partner Thomas Eldert (both Washington, DC) examine Iraq’s new National Investment Plan.
Media Coverage
14 October 2013
Oil & Gas Journal
The article includes quotes from a Mayer Brown legal update discussing Mexican President Enrique Pena Nieto’s recently proposed Hydrocarbon Revenues Law.
Legal Update
11 October 2013
Mayer Brown Legal Update
On September 30, 2013, the Division of Market Oversight of the US Commodity Futures Trading Commission (CFTC) released responses to Frequently Asked Questions regarding Commodity Options (FAQ).
Legal Update
11 October 2013
Mayer Brown Legal Update
On September 19, 2013, at a meeting of the US-Iraq Business Dialogue (the USIBD), the Iraqi Ambassador to the United States, Lukman Faily, discussed Iraq’s new National Investment Plan (2013-2017) (the Plan).
Media Coverage
11 October 2013
Rigzone
Energy partner Dallas Parker and associate Gabriel Salinas (both Houston) are quoted on Mexican President Enrique Pena Nieto’s proposed Hydrocarbon Revenues Law.
Media Coverage
October 2013
The Energy Law Advisor
In a bylined article, Energy partners Dallas Parker, Jose Valera and associate Gabriel Salinas (all Houston) discuss energy reform in Mexico.
Media Coverage
9 October 2013
BNamericas (subscription required)
The article includes quotes from a Mayer Brown legal update discussing Mexican President Enrique Pena Nieto’s recently proposed Hydrocarbon Revenues Law.
Legal Update
7 October 2013
Mayer Brown Legal Update
President Peña Nieto has delivered his 2014 tax reform package to Congress. His proposal seeks to reduce the tax burden on state-owned oil company Petroleos Mexicanos (PEMEX) and increase government revenue through other tax measures.
Media Coverage
October 2013
Pipeline & Gas Journal
In a bylined article, Energy partner Dallas Parker and associate John Furlow (both Houston) examine the factors that led to the success of the shale gas market in the US.
Media Coverage
1 October 2013
Forbes
Energy partner Jose Valera (Houston) is quoted on Mexican President Enrique Peña Nieto's proposed energy reforms. 
Legal Update
30 September 2013
Mayer Brown JSM Legal Update
The China (Shanghai) Pilot Free Trade Zone (FTZ) was declared open yesterday amid much anticipation from Chinese and foreign businesses.
Media Coverage
30 September 2013
The Deal
Energy partner Dallas Parker (Houston) is quoted on Mexico's proposed energy reforms.
Media Coverage
29 September 2013
Financial Times (subscription required)
Comments from Energy partner Jose Valera (Houston) are included in an article discussing the state of the Mexican economy.  
Media Coverage
27 September 2013
Houston Business Journal (subscription required)
Energy partner Jose Valera (Houston) is quoted in an article discussing the lack of foreign interest in Brazil’s first major oil auction in five years and what that could mean for Mexico as the country seeks to reform its energy industry.
Media Coverage
23 September 2013
Oil & Gas Journal
The article notes that a Mayer Brown-hosted conference in Houston included a discussion on whether a continuation of price administration would continue if proposed energy reforms are enacted in Mexico.
Media Coverage
23 September 2013
Rigzone
Energy partner Dallas Parker and associate Gabriel Salinas (both Houston) are quoted in an article reporting on discussions about Mexico's proposed energy reforms at a Mayer Brown-hosted conference in Houston.
Legal Update
23 September 2013
Mayer Brown Legal Update
On September 20, 2013, the US Internal Revenue Service (the IRS) released Notice 2013-60 (the Notice) to clarify certain aspects of Notice 2013-29 (the Original Notice), which provided guidance on the “beginning of construction” requirement to qualify for the Section 45 production tax credit (the PTC) and the election to claim the Section 48 investment tax credit (the ITC).
Media Coverage
16 September 2013
E&P
Energy partners Dallas Parker and Jose Valera (both Houston) are quoted in an article reporting on discussions about Mexico's proposed energy reforms at a Mayer Brown-hosted conference in Houston.
Media Coverage
16 September 2013
Offshore Engineer
Energy partners Dallas Parker, Jose Valera and associate Gabriel Salinas (all Houston) are quoted in an article reporting on discussions about Mexico's proposed energy reforms at a Mayer Brown-hosted conference in Houston.
Media Coverage
16 September 2013
OE
Energy partners Jose Valera and Dallas Parker and associate Gabriel Salinas (all Houston) are quoted on Mexico's energy reform proposals.
Media Coverage
15 September 2013
Houston Chronicle
Energy associate Gabriel Salinas (Houston) is quoted in an article discussing how changes that Mexico’s president is proposing for the nation’s oil monopoly aim both at reviving slumping production and at reducing multibillion-dollar losses in the Mexican refining sector.
Media Coverage
13 September 2013
Texas Lawyer Tex Parte blog
Energy partner Jose Valera (Houston) is quoted in an article reporting on discussions about Mexico's proposed energy reforms at a Mayer Brown-hosted conference in Houston.
Media Coverage
13 September 2013
Upstream
Energy partner Dallas Parker (Houston) is quoted on the possibility of private companies signing new oil and gas contracts in Mexico as soon as late 2014 if the country moves swiftly on constitutional energy reforms.
Media Coverage
13 September 2013
ICIS News
Energy partner Jose Valera (Houston) is quoted on the possibility of private companies signing new oil and gas contracts in Mexico as soon as late 2014 if the country moves swiftly on constitutional energy reforms.
Media Coverage
13 September 2013
Oil & Gas Journal
Energy partners Jose Valera and Dallas Parker (both Houston) are quoted on Mexico's proposed energy reforms.
Media Coverage
13 September 2013
Houston Chronicle Fuel Fix blog
The article notes that a Mayer Brown-hosted conference in Houston included a discussion on how proposed energy reform in Mexico may include increased requirements for international companies to use locally produced products and services.
Legal Update
6 September 2013
Tauil & Chequer Legal Update
With the expectation that the areas offered in the Brazil Round 12 may result in the discovery of reservoirs of unconventional resources, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) has introduced relevant innovations to the Concession Contract.
Legal Update
29 August 2013
Tauil & Chequer Legal Update
The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) published, on August 22, the Preliminary Tender Protocol of the Brazil Round 12. As announced, the round will be held on November 28 and 29 this year, when a total of 240 blocks will be offered, covering an area of approximately 168 thousand km².
Media Coverage
23 August 2013
Houston Business Journal
Energy partner Jose Valera (Houston) is quoted in an article discussing how proposed energy reform in Mexico could provide significant business for Houston-based oil and gas companies.
Media Coverage
22 August 2013
Bloomberg Businessweek
Energy partner Dallas Parker (Houston) is quoted on Mexico’s energy reform proposals and the likelihood of amendments to the country’s constitution that would allow foreign company participation in the energy sector.
Media Coverage
21 August 2013
Houston Business Journal BizBlog
In a bylined article, Energy partner Dallas Parker and associate John Furlow (both Houston) examine four obstacles currently hindering the pace and expansion of shale development outside the United States.
Media Coverage
21 August 2013
Tax Notes Today
In a bylined article, Tax Transactions & Consulting partners Jeff Davis (Washington, DC), Shawn O'Brien and Ed Osterberg (both Houston) discuss several taxpayer-favorable private letter rulings that say that income related to hydraulic fracturing services qualifies for the natural resource exception to the master limited partnership qualifying income rule.
Media Coverage
21 August 2013
ICIS Energy (subscription required)
Energy partner Jose Valera (Houston) is quoted on Mexico’s energy reform proposals.
Media Coverage
20 August 2013
Breaking Energy
Energy partner Dallas Parker and associate Gabriel Salinas (both Houston) are quoted on Mexico’s energy reform proposals and the likelihood of amendments to the country’s constitution that would allow foreign company participation in the energy sector.
Media Coverage
19 August 2013
Houston Business Journal
Energy partner Jose Valera (Houston) is quoted on the possible impact of Mexico's proposed energy reforms on oil and gas companies in Houston.
Media Coverage
19 August 2013
ICIS News
Energy partner Jose Valera (Houston) is quoted on Mexican President Enrique Peña Nieto's energy reform proposal.
Media Coverage
18 August 2013
Bloomberg
Corporate & Securities partner Toshi Yoshida (Houston) is quoted on the decline in North American oil and gas deals.
Media Coverage
16 August 2013
BNamericas (subscription required)
In a Q&A feature, Energy partner Jose Valera (Houston) discusses Mexican President Enrique Peña Nieto's energy reform proposal.
Media Coverage
15 August 2013
Oil & Gas Journal
The article quotes and references information presented in a Mayer Brown legal update that discusses the energy reform proposal delivered by Mexico’s PRI political party.
Media Coverage
15 August 2013
Latin Lawyer (subscription required)
Energy partner Dallas Parker and associate Gabriel Salinas (both Houston) are quoted on the energy reform proposal released by Mexico's Partido Revolucionario Institucional (PRI).
Media Coverage
August 2013
Forbes Mexico (subscription required)
Energy partner Jose Valera (Houston) is quoted in an article discussing Mexico's proposed energy reforms.
Media Coverage
14 August 2013
BNamericas (subscription required)
Energy partner Jose Valera is quoted on the energy reform proposal released by Mexico's Partido Revolucionario Institucional (PRI).
Media Coverage
14 August 2013
La Reforma (subscription only)
Energy partner Dallas Parker (Houston) is quoted on energy reform in Mexico.
Legal Update
14 August 2013
Mayer Brown Legal Update
On August 12, 2013, Mexican President Enrique Peña Nieto delivered a highly anticipated constitutional energy reform proposal to the Mexican Senate, which, if passed, will constitute the most significant overhaul of the Mexican energy sector since 1938. Peña Nieto is proposing broad constitutional changes that would open the Mexican petroleum industry to private participation and investment, including by international oil companies, to explore for, and produce, oil and gas.
Media Coverage
14 August 2013
BNamericas (subscription required)
Energy partner Jose Valera and associate Gabriel Salinas (both Houston) are quoted on energy reform in Mexico.
Media Coverage
14 August 2013
EnergyWire (subscription required)
Energy partner Dallas Parker (Houston) is quoted on the energy reform proposal released by Mexico's Partido Revolucionario Institucional (PRI).
Media Coverage
13 August 2013
E&P
Energy associate Gabriel Salinas (Houston) is quoted on the energy proposal released by Mexico's Partido Revolucionario Institucional (PRI).
Media Coverage
12 August 2013
CNBC's The Kudlow Report
In a TV interview on CNBC’s The Kudlow Report, Mayer Brown Energy partner Jose Valera (Houston) discusses Mexico’s energy reform proposals and the likelihood of the measures passing in Congress.
Media Coverage
12 August 2013
The Wall Street Journal (subscription required)
Energy partner Jose Valera (Houston) is quoted on Mexico's plan to overhaul its restrictive energy laws.
Media Coverage
11 August 2013
Houston Chronicle
Energy associate Gabriel Salinas (Houston) is quoted on energy reforms in Mexico.
Media Coverage
9 August 2013
Upstream (subscription required)
Energy partner Dallas Parker and associate Gabriel Salinas (both Houston) are quoted on the energy reform proposal released by Mexico’s National Action Party (PAN).
Media Coverage
9 August 2013
E&P
Energy partner Dallas Parker and associate Gabriel Salinas (both Houston) are quoted on the Partido Acción Nacional (PAN) energy reform proposal to the Mexican Senate.
Media Coverage
6 August 2013
Bloomberg Businessweek
Corporate & Securities partner Dallas Parker (Houston) is quoted in an article reporting that Mexican President Enrique Pena Nieto will seek to amend three articles of the constitution to break Petroleos Mexicanos’ monopoly in the state-run oil industry.
Media Coverage
5 August 2013
Oil & Gas Journal
The article cites a Mayer Brown legal update discussing energy reform proposals in Mexico.
Media Coverage
2 August 2013
Bloomberg
Corporate & Securities partner Dallas Parker (Houston) is quoted on Mexican President Enrique Pena Nieto's energy reform initiative.
Media Coverage
2 August 2013
El Financero
Energy partner Dallas Parker (Houston) is quoted in an article reporting that Mexican President Enrique Pena Nieto will likely seek to amend key articles of the constitution to break the nation’s state monopoly on oil exploration and production.
Legal Update
2 August 2013
Mayer Brown Legal Update
On July 31, 2013, Partido Acción Nacional (PAN), Mexico’s main opposition political party, delivered a highly anticipated energy reform proposal to the Mexican Senate, which, if passed, has the potential to revolutionize the Mexican energy sector.
Media Coverage
1 August 2013
Reuters
Energy associate Gabriel Salinas (Houston) is quoted on Mexican President Enrique Pena Nieto's energy reform initiative. 
Media Coverage
1 August 2013
Offshore Engineer
In a bylined article, Energy partner Jose Valera and associate Gabriel Salinas (both Houston) discuss energy reform in Mexico.
Legal Update
1 August 2013
Tauil & Chequer Legal Update
The Brazilian Electric Energy Agency (“ANEEL”) instituted Public Hearing No. 085, from July 29 to August 30, 2013 (“AP 085/2013”), to obtain contributions to the proposals for improvement of regulations regarding electricity trade by customers in the Free Market (“ACL”).
News Releases
31 July 2013
Mayer Brown, a leading global law firm, represented Hanergy Holding Group Limited, China’s largest private renewable energy company, on its US acquisition of Global Solar Energy, Inc., a leading manufacturer of copper indium gallium diselenide (CIGS) solar technology based in Tucson, Arizona.
Media Coverage
30 July 2013
IHS Unconventional Energy Blog
Corporate & Securities partner Dallas Parker and associate John Furlow (both Houston) discuss the unique regulatory, economic and market forces that enabled shale production to take off so quickly in the US and the corresponding factors that are slowing development elsewhere.
News Releases
29 July 2013
Mayer Brown, a leading global law firm, announced that Corporate & Securities partner Pablo Ferrante (Houston) has been selected as a winner in The M&A Advisor’s 2013 “40 Under 40 Recognition Awards” in the Legal Advisor category.
Media Coverage
20 July 2013
About.com
Corporate & Securities partner Dallas Parker (Houston) is quoted on Mexico’s infrastructure spending plan and how it could positively affect the tourism industry.
Media Coverage
19 July 2013
Latinos Post
Comments from Energy partner José Valera (Houston) are included in an article reporting that Mexico's opposition conservative party will present a bill to open up the state-run oil sector to private investment.
Legal Update
18 July 2013
Mayer Brown Legal Update
Mexican President Enrique Peña Nieto announced on July 15, 2013, that Mexico will invest US$315 billion during the period 2013-2018 to upgrade Mexico’s infrastructure by modernizing roads and highways, building rail lines, building and expanding the country’s seaports and airports, providing universal access to telecommunications and boosting the energy sector.
Legal Update
11 July 2013
Tauil & Chequer Legal Update
The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) published, on July 09, the Preliminary Tender Protocol for the first bidding round for the pre-salt area.
Legal Update
10 July 2013
Tauil & Chequer Legal Update
On July 4, 2013, the Brazilian Senate approved the Bill of Law 6.826/2010, which imposes civil and administrative liability on legal entities for corrupt practices.
Media Coverage
10 July 2013
Drilling Contractor
Energy partner Jose Valera (Houston) is quoted on energy policy reform in Mexico.
Media Coverage
9 July 2013
Breaking Energy
Energy partner Jose Valera and associate Gabriel Salinas (both Houston) are quoted on energy reform in Mexico.
Media Coverage
5 July 2013
E&E EnergyWire

Corporate & Securities associate Gabriel Salinas (Houston) is quoted in an article discussing energy reform in Mexico.

Republished with permission. Copyright 2013 Environment & Energy Publishing, LLC

Media Coverage
3 July 2013
ICIS Energy (subscription required)
Energy partner Jose Valera (Houston) is quoted on the state of the petrochemical industry in Argentina.
Media Coverage
3 July 2013
Law360
Corporate & Securities partner Bob Gray (Houston) is quoted on the invalidation of a US Securities and Exchange Commission (SEC) rule requiring oil, gas and mining companies to disclose payments to foreign governments.
Media Coverage
26 June 2013
Interfax Energy
Corporate & Securities consultant Quynh-Anh Lam (Ho Chi Minh City) is quoted in an article on how Vietnam’s new model production sharing contract adds certainty for foreigners.
Media Coverage
24 June 2013
Midstream Business (subscription required)
The article cites a Mayer Brown legal update by Energy partners Jose Valera and Pablo Ferrante and associate Gabriel Salinas (all Houston) discussing Mexico’s constitutional reform of its telecommunications and broadcasting industries.
Legal Update
20 June 2013
Mayer Brown Legal Update
President Enrique Peña Nieto recently announced he will send a “transformational” energy reform bill to Mexico’s Congress in the coming months in an effort to attract the private capital and expertise required to develop Mexico’s deep-water and shale deposits and reverse the country’s declining energy production.
Media Coverage
18 June 2013
Bloomberg
Banking & Finance partner Kevin Shaw (Houston) is quoted on how fracking protests in western Texas could indicate similar complications for shale gas drillers in Europe and Asia.
Media Coverage
18 June 2013
Reuters
Corporate & Securities partner Pablo Ferrante (Houston) is quoted on Altos Hornos de Mexico's interest in shale gas reserves in Mexico.
Legal Update
14 June 2013
Mayer Brown Legal Update
Mexico recently enacted a constitutional reform of its telecommunications and broadcasting industries aimed at increasing competition and investment. The reform is a result of the Pact for Mexico (Pacto por Mexico), by which the current administration and the major political parties pledged to pass structural reforms in such sectors as telecommunications, financial, energy, education and tax.
Media Coverage
4 June 2013
Midstream Business (subscription required)
Corporate & Securities partner Dallas Parker (Houston) is quoted on the state of the natural gas industry.
Legal Update
3 June 2013
Mayer Brown JSM Legal Update

In Vietnam, oil and gas exploration and production operations are carried out on the basis of a production sharing contract (PSC) to be entered into with Vietnam National Oil and Gas Group (PVN). The model PSC was first introduced by the government in its Decree 139 dated 11 November 2005 ("Old Model PSC"). Almost eight years later, the government issued a revised model PSC in Decree 33 dated 22 April 2013 ("New Model PSC").

The New Model PSC becomes effective on 8 June 2013 and applies to all PSCs signed after that date, except for blocks for which the Prime Minister has approved basic technical and commercial terms. Below is a summary of the most notable changes contained in the New Model PSC.

Legal Update
28 May 2013
Tauil & Chequer Legal Update
On May, 16th, State of Rio de Janeiro published resolution SEFAZ No. 631/13, which converted into an ICMS calculation basis reduction, the ICMS tax exemption previously granted by article No. 2, Decree No. 41.142/2008 on importation of goods and products listed in its Annex under the Temporary Admission Special Regime, designated to oil and gas exploration sites, as set forth by the REPETRO Regime federal legislation.
Media Coverage
27 May 2013
Rigzone
The article reports that Mayer Brown’s 2013 Global Energy Conference included a discussion about energy reform in Mexico.
Media Coverage
27 May 2013
Rigzone
The article reports that Mayer Brown’s 2013 Global Energy Conference included a discussion about Mexico's oil and gas industry.
Legal Update
24 May 2013
Tauil & Chequer Legal Update
The National Energy Policy Council (CNPE) has authorized, by means of the Resolution No. 4, from May 22, 2013, the Brazilian Petroleum Agency (ANP) to promote the first bidding round for the pre-salt area.
Legal Update
23 May 2013
Mayer Brown Legal Update
On May 16, 2013, the US Bureau of Land Management (“BLM” or the “Bureau”), part of the Department of the Interior, released a supplemental notice of proposed rulemaking for hydraulic fracturing on public and Indian lands (the “Revised Proposal”).
Media Coverage
20 May 2013
Energy Intelligence’s Oil Daily (subscription required)
The article reports that Mayer Brown’s Global Energy Conference included a panel discussion about the oil and gas market in the US.
Media Coverage
20 May 2013
Energy Intelligence’s Natural Gas Week (subscription required)
The article reports that Mayer Brown’s Global Energy Conference included a panel discussion about the oil and gas market in the US.
Media Coverage
20 May 2013
Energy Intelligence’s Natural Gas Week (subscription required)
The article reports that Mayer Brown’s Global Energy Conference included a panel discussion about the natural gas market in the US.
Media Coverage
17 May 2013
The Deal
The article includes a mention of Mayer Brown’s Global Energy Conference.
Media Coverage
17 May 2013
E&P
The article reports that Mayer Brown’s Global Energy Conference featured a discussion of the market for floating liquefaction plants.
Media Coverage
16 May 2013
E&E EnergyWire (subscription required)
The article reports that Mayer Brown’s Global Energy Conference included a panel discussion about the natural gas industry in the US.
Media Coverage
16 May 2013
E&E EnergyWire (subscription required)
The article reports that Mayer Brown’s 2013 Global Energy Conference featured a discussion of Mexico's energy sector.
Media Coverage
16 May 2013
E&P
The article reports that Mayer Brown’s 2013 Global Energy Conference included a discussion about energy reform in Mexico.
Media Coverage
15 May 2013
The Houston Chronicle "FuelFix" blog
The article reports that Mayer Brown’s Global Energy Conference included a panel discussion about the global natural gas market.
Media Coverage
15 May 2013
Argus media
The article reports that Mayer Brown’s Global Energy Conference included a panel discussion about the natural gas market in the US.
Media Coverage
15 May 2013
The Houston Chronicle "FuelFix" blog
The article reports that Mayer Brown’s Global Energy Conference included a panel discussion about the natural gas market in the US.
Newsletter
13 May 2013
Mayer Brown Newsletter
In this edition of Mayer Brown’s Global Energy Industry Review, we look at the Brazilian use of the phrase “local content,” which has begun to appear more frequently in the laws, internal policies and tender protocols of governments and companies around the world, particularly with regards to the oil & gas industry. We also explore how the local content requirement is affecting research and development in Brazil’s oil & gas industry.
Article
9 May 2013
We have now had sight of an unofficial translation of the long-awaited new Foreign Investment Law, signed into law by President Thein Sein on 2 November 2012.
Article
9 May 2013
On 8 October 2012, the Chancellor of the Exchequer, George Osborne, announced that the British Government will soon be consulting on “a generous new tax regime for shale so that Britain is not left behind as gas prices tumble on the other side of the Atlantic.”
Article
9 May 2013
On January 2, 2013, President Obama signed into law the American Taxpayer Relief Act of 2012 (the “Act”), which was passed by both the Senate and House of Representatives on January 1, 2013.
Article
8 May 2013
As exploration and production (E&P) activities advance in the oil & gas industry, the host countries are challenged to create new, beneficial and efficient regulations that will ensure the development of a strong local industry.
Article
8 May 2013
The phrase “local content” has begun to appear more frequently in the laws, internal policies and tender protocols of governments and companies around the world, particularly with regard to the oil & gas industry. The main argument to justify the local content rules is the enhancement of the local industry. But is it working?
News Releases
6 May 2013
Mayer Brown, a leading global law firm, announced that prominent tax attorney Edward C. Osterberg, Jr. has joined the firm in Houston as a partner in the Tax Transactions & Consulting practice. Previously, he was a partner at Vinson & Elkins in Houston.
Legal Update
2 May 2013
Tauil & Chequer Legal Update
On April 18, 2013, the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) published its regulatory agenda for 2013 and 2014.
Legal Update
22 April 2013
Tauil & Chequer Legal Update
The Administrative Council for Economic Defense (CADE) and the National Agency of Petroleum, Natural Gas and Biofuels (ANP) have recently executed a cooperation agreement1 (“Cooperation Agreement”), with the purpose of coordinating the activities of both agencies.
Legal Update
4 April 2013
Mayer Brown Legal Update
On March 28, 2013, the United States Commodity Futures Trading Commission (CFTC) issued two final orders. The first, the RTO/ISO Order, exempts four types of specified transactions in certain organized markets of five petitioning regional transmission organizations (RTOs), independent system operators (ISOs) and the Electric Reliability Council of Texas (ERCOT).
News Releases
20 March 2013
London Corporate & Securities partner Rob Hamill comments on George Osborne’s plans to increase investment in UK Shale Gas industry as announced in the Budget today.
Legal Update
20 March 2013
Mayer Brown Legal Update
Breaking news from the UK Parliament: The Chancellor, George Osborne, delivered his fourth Budget speech in the House of Commons this afternoon indicating an intention to introduce a package of support measures designed to encourage production of low carbon fuels for a low carbon economy.
News Releases
14 March 2013
Mayer Brown, a leading global law firm, announced that it provided legal counsel on two transactions that were named 2012 “Deals of the Year” by Project Finance magazine. The awards recognize innovation and excellence in energy and infrastructure finance, and are selected by the magazine’s staff of experienced journalists in consultation with influential market participants.
Media Coverage
14 March 2013
Upstream magazine (subscription required)
Banking & Finance partner Kevin Shaw (Houston) is quoted in an article discussing how industry players expect Chinese investment in US tight oil and gas plays to increase.
Media Coverage
8 March 2013
The New York Times
Energy partner Jose Valera (Houston) is quoted in an article discussing the state of the oil industry in Venezuela.
Legal Update
26 February 2013
Tauil & Chequer Legal Update
As a result of the Public Hearing No. 102/2012, the Brazilian Electric Energy Agency (“ANEEL”) published Normative Resolution No. 531, dated December 21st, 2012 (“Resolution 531/2012”), in order to change the calculation methodology for financial guarantees associated with the spot market of the Electric Energy Commercialization Chamber (“CCEE”).
News Releases
22 February 2013
Mayer Brown, a leading global law firm, announced that it represented Chesapeake Energy Corporation in the negotiation of a 10-year agreement with Methanex, the world’s largest supplier of methanol, to supply 350 billion cubic feet of natural gas required for Methanex’s methanol plant in Louisiana.
News Releases
19 February 2013
Mayer Brown, a leading global law firm, announced today that it has been recognized in the inaugural LMG Clean Technology & Renewable Energy guide, published by Euromoney’s Legal Media Group. The guide is a definitive resource for practical, in-depth analysis of the clean technology and renewable energy legal market in the United States.
Media Coverage
January 2013 issue
Oil & Gas Financial Journal
In part two of a bylined article, Energy associates Robin Clarkson and Jeff Dobbs (both Houston) examine comments by the Securities and Exchange Commission in regard to companies' compliance with amended oil and gas disclosure rules.
Brochure
1 February 2013
我们的全球项目团队参与了世界各地众多项目,充分展示了强大的业务实力。从钻井船、油气管道、电站、风电场到机场、桥梁、公路、隧道,我们处理的项目种类多样,遍及各大洲。以全球网络平台和本地优势专长为依托,我们的律师以深厚的行业经验为客户提供卓越的项目服务。
Media Coverage
31 January 2013
Texas Lawyer blog
A Texas Lawyer blog post details the arrival of Bill Heller and Harry Beaudry at Mayer Brown.
News Releases
31 January 2013
Mayer Brown, a leading global law firm, announced today that it is representing Sinochem Petroleum USA LLC, a US subsidiary of the Beijing-based Sinochem Group, on a $1.7 billion transaction to purchase a 40% undivided interest in approximately 207,000 net oil and natural gas leasehold acres held by Pioneer Natural Resources Company in the highly prospective horizontal Wolfcamp shale play within the Spraberry Trend of the Midland Basin in west Texas. Under the agreement, Sinochem will acquire approximately 82,800 net acres of leasehold with development rights for all the horizontal Wolfcamp shale play and deeper horizons.
Media Coverage
25 January 2013
Law360
A Law360 feature article details the arrival of Corporate & Securities partners Bill Heller and Harry Beaudry (Houston) at Mayer Brown.
Legal Update
25 January 2013
Tauil & Chequer Legal Update
The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) published, on January 24, the Preliminary Tender Protocol of the Brazilian Bidding Round 11. As expected, the round will be held on May 14 and 15 of this year, when a total of 172 blocks will be offered, half of which are onshore and half offshore.
News Releases
24 January 2013
Mayer Brown, a leading global law firm, announced that William T. Heller IV and Harry R. Beaudry have joined the firm as partners in its Corporate & Securities practice in Houston. Previously, Mr. Heller and Mr. Beaudry were partners at Thompson & Knight.
Legal Update
23 January 2013
Mayer Brown Legal Update
The US Federal Energy Regulatory Commission (FERC) has issued a final Policy Statement (Statement) to refine and clarify its policy guidance regarding capacity allocation for new merchant transmission projects and non-incumbent cost-based, participant-funded transmission projects.
Media Coverage
14 January 2013
Inter-American Dialogue’s weekly Latin America Energy Advisor newsletter
In a featured Q&A, Energy partner José Valera (Houston) discusses the outlook for Bolivia's oil, gas and electricity sectors in 2013.
News Releases
14 January 2013
Mayer Brown JSM has advised the largest privately-owned clean-energy developer in China, Hanergy Holding Group Limited (Hanergy), on its acquisition of Silicon Valley-based MiaSolé. MiaSolé is a high-tech company that designs and manufactures solar photovoltaic cells and modules, to convert sunlight into electricity.
Legal Update
10 January 2013
Tauil & Chequer Legal Update
The Minister of Mines and Energy, Edison Lobão, announced today that the president Dilma Rousseff authorized the long-expected Brazil Round 11 to be held in May 2013. Although the details about the offered areas were not disclosed, the minister anticipated that the round will have the same blocks previously announced, except for 2 which were removed due to environmental permitting issues.
Legal Update
3 January 2013
Mayer Brown Legal Update
On January 2, 2013, President Obama signed into law the American Taxpayer Relief Act of 2012 (the “Act”), which was passed by both the Senate and House of Representatives on January 1, 2013.
News Releases
2 January 2013
Mayer Brown, a leading global law firm, announced that Bill Hart Jr. has joined the firm in Houston as a partner in the Banking & Finance practice. Previously, he was a partner with Baker Botts in Houston.
Media Coverage
2 January 2013
Law360
In a feature article, Law360 details the arrival of Houston Banking & Finance partner Bill Hart Jr.'s arrival to the firm.
Legal Update
2 January 2013
Mayer Brown Legal Update
On November 15, 2012, the US Federal Energy Regulatory Commission (FERC) issued a Policy Statement to provide additional and revised guidance regarding its evaluation of applications for electric transmission incentives under section 219 of the Federal Power Act.
Media Coverage
December 2012 issue
Oil & Gas Financial Journal
In a bylined article, Energy associates Robin Clarkson and Jeff Dobbs (both Houston) address publicly-held exploration and production companies' compliance with the oil and natural gas disclosure rules adopted by the Securities and Exchange Commission in 2008.
News Releases
20 December 2012
Mayer Brown, a leading global law firm, announced that partners Marcia Madsen and Christopher Erckert have been named “MVPs” by Law360, a recognition honoring attorneys “whose achievements in major litigation or transactions have set a new standard for accomplishment in corporate law.”
Media Coverage
December 2012
Asset Securitization Report (subscription required)
Banking & Finance partner Paul Forrester (Chicago) is quoted extensively in an article focusing on financing the retirement and remediation of coal-fired power plants.
Media Coverage
14 December 2012
Law360
Banking & Finance partner Christopher Erckert (Washington, DC) is profiled as a Law360 "MVP" in the publication's Project Finance category.
Media Coverage
December 2012
Latin America Energy Advisor (page one)
In a Q&A feature, Energy partner Jose Valera (Houston) discusses the outlook for investment in Argentina's energy sector in 2013.
Legal Update
5 December 2012
Mayer Brown Legal Update
Contrary to expectation within the business community, the Chancellor has announced in his Autumn Statement that the CRC has been granted a reprieve. At the time of the Budget in the spring, he said that the CRC would be abolished unless ways could be found to simplify the scheme which resulted in significant savings for business.
Book
November 2012
This guide offers a comprehensive overview of the complex relations of planning, financing and realizing of wind turbines. The guide does not only include legal issues and basic principles but also technical aspects, such as questions of locational choices, operating and maintenance of wind turbines as well as quality management.
Media Coverage
November 2012
Pipeline & Gas Journal
In a bylined article, Energy partner Jose Valera and associate Robin Clarkson (both Houston) discuss several project issues impacting LNG agreements.
Legal Update
19 November 2012
Mayer Brown JSM Legal Update
Further to our Legal Update dated 9 November 2012 ("Myanmar's Foreign Investment Law: Summary of Amendments"), we have now had sight of an unofficial translation of the long-awaited new Foreign Investment Law, signed into law by President Thein Sein on 2 November 2012.
Media Coverage
19 November 2012
Building Magazine
Bylined article by London Construction & Engineering partner Kwadwo Sarkodie discussing the key considerations for working in Tanzania.

This article was first published in Building Magazine, 19 November 2012.
Media Coverage
15 November 2012
Energy Risk (subscription required)
Banking & Finance partner Paul Forrester (Chicago) is quoted in an article discussing how the US Commodity Futures Trading Commission is answering concerns over treatment of physical gas storage and transportation agreements under the Dodd-Frank Act.
Legal Update
9 November 2012
Mayer Brown JSM Legal Update
On 2nd November 2012, President Thein Sein signed into law the long-awaited new Foreign Investment Law.
Media Coverage
1 November 2012
Alberta Oil
Government & Global Trade partner David Bloom (Washington, DC) is quoted in an article discussing how a North American supply glut in shale gas has complicated long-term deals linked to oil prices.
Legal Update
19 October 2012
Mayer Brown Legal Update
On 8 October 2012, the Chancellor of the Exchequer, George Osborne, announced that the British Government will soon be consulting on “a generous new tax regime for shale so that Britain is not left behind as gas prices tumble on the other side of the Atlantic”.
Legal Update
17 October 2012
Mayer Brown Legal Update

The energy industry was able to heave a collective sigh of relief based on the treatment of energy transactions under the so-called Swap Product Rule1 jointly adopted on August 13, 2012, by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) and, in particular, the forward contract exclusion2 contained in the rule.

Media Coverage
12 October 2012
Law360
Banking & Finance partner Ian Coles (London) is quoted in an article discussing that African sovereigns are negotiating for more control and better benefits in deals with developers seeking to tap the continent's vast energy and mineral resources.
Legal Update
8 October 2012
Mayer Brown JSM Legal Update
The Buildings Energy Efficiency Ordinance (Cap. 610) (BEEO) came into effect on 21 September 2012. The objective of the BEEO is to promote the enhancement of energy efficiency in Hong Kong's buildings.
Media Coverage
6 October 2012
Edmonton Journal
Energy partners Toshi Yoshida (Houston) and Stuart McAlpine (London) are quoted in an article discussing the global liquefied natural gas (LNG) market.
Legal Update
5 October 2012
Mayer Brown Legal Update
On September 12, 2012, a foreign investor took the unprecedented step of challenging in federal court the authority of the Committee on Foreign Investment in the United States (CFIUS) to block, as a threat to national security, the investor’s acquisition of a US business. The parties to the transaction had notified CFIUS of the transaction only after its closing.
Media Coverage
3 October 2012
SNL Daily Gas Report
Energy partners Toshi Yoshida (Houston), Stuart McAlpine (London) and Jose Valera (Houston) are quoted on global LNG demand.
Media Coverage
3 October 2012
Interfax Natural Gas Daily
Energy partners David Bloom (Washington, DC) and George Miller (New York) and associate Robin Clarkson (Houston) are quoted extensively in an article discussing the regulatory risks facing many proposed LNG export projects in the United States.
Media Coverage
1 October 2012
Interfax Natural Gas Daily
Energy partner David Bloom (Washington, DC) is quoted in an article discussing the dilemma facing politicians this election season regarding LNG exports.
Media Coverage
1 October 2012
Energy Risk
Banking & Finance partner Paul Forrester is quoted on publicly owned US utilities’ claims that energy companies are refusing to enter into hedges with them due to a quirk in the way regulators have interpreted the definition of a swap dealer in the Dodd-Frank Act.
Legal Update
1 October 2012
Tauil & Chequer Legal Update
As a response to the current situation of Centrais Elétricas do Pará S.A. – CELPA, an electricity distribution concessionaire within Rede Group that filed for court-assisted reorganization last February 28, the Brazilian Government passed Provisional Measure No. 577, published on August 30, 2012 (“MP 577”), which establishes specific rules for intervention by the concession granting authority, acting through the Brazilian Electric Energy Agency (“ANEEL”), in the management of concessionaires of electricity as a public service, with the purpose of ensuring a proper provision of services and full compliance with the applicable contractual, regulatory and legal provisions.
Media Coverage
28 September 2012
Gas Business Briefing (subscription required)
Energy partner Toshi Yoshida (Houston) is quoted on Japan’s potential desire for LNG fuel in the wake of the Fukushima disaster.
Media Coverage
26 September 2012
Platts LNG Daily
The article features quotes from Energy partners Toshi Yoshida (Houston) and Stuart McAlpine (London), which focus on the LNG market.
Media Coverage
26 September 2012
Interfax Global Natural Gas Daily (subscription required)
The article features quotes from Energy partners Stuart McAlpine (London), Toshi Yoshida and Jose Valera (both Houston) speaking at a Mayer Brown webinar discussing how shale gas is affecting global demand for LNG.
Media Coverage
21 September 2012
ICIS Energy
Energy partner David Bloom (Washington, DC) is quoted on the growing list of LNG export project applications pending approval from the US Department of Energy.
Legal Update
20 September 2012
Tauil & Chequer Legal Update
The State of São Paulo has passed Decree No. 58,388/2012. The Decree was published in the State Official Gazette on September 15, 2012, and revokes State Decree No. 53,574/2008 effective as of October 1, 2012.
Article
19 September 2012
Angola is a land of extremes. While many Angolans live in deepest poverty, the Angolan economy is the third largest in Sub-Saharan Africa, with annual GDP growth regularly topping 10 percent over recent years.
Article
19 September 2012
Suppliers to the oil and gas industry in Brazil are expected to see substantially increased sales as a result of pre-salt discoveries that can potentially generate significant volumes of oil.
Media Coverage
19 September 2012
Interfax Global Natural Gas Daily
Energy partner David Bloom (Washington, DC) is quoted extensively on the delay of the US Department of Energy’s decision on LNG exports to non-free trade agreement countries.
Media Coverage
19 September 2012
The Houston Chronicle
Global Energy partners David Bloom (Washington, DC) and Jose Valera (Houston) are quoted in an article discussing the Department of Energy's decision to delay its report on gas exports.
Article
19 September 2012
The ideal mix of energy sources for generating power in the United States has long been debated.
Newsletter
19 September 2012
Mayer Brown Newsletter
In this edition of Mayer Brown’s Global Energy Industry Review, we look at Iraq’s efforts to increase its energy reserves and oil production by hosting several oil and gas licensing rounds over the past four years. The latest round was not well received by the word’s leading international oil companies, however, and we examine some of the reasons why this may have occurred.
Article
19 September 2012
This year there have been a number of acquisitions and proposed acquisitions of onshore oil and gas assets in Nigeria. In August 2012, Eland Oil & Gas completed the indirect acquisition of a 45 percent interest in OML 40, an onshore oil and gas license area in the Niger Delta, from sellers including a subsidiary of Shell.
Article
19 September 2012

Since 2008, Iraq has been conducting a series of high profile oil and gas licensing rounds, with the Iraqi govern¬ment’s strategy being to increase its energy reserves and raise oil production from current levels of 2.5 million barrels per day (BPD) to 6.5 million BPD by 2014.

Media Coverage
18 September 2012
Platts (subscription required)
Global Energy partner David Bloom (Washington, DC) is quoted extensively in an article discussing how the US Department of Energy is struggling to come up with a method to limit LNG exports.
Legal Update
18 September 2012
Tauil & Chequer Legal Update

Brazil’s President Dilma Roussef approved today, September 18, the long-expected Brazil Round 11, to be held in May 2013.

News Releases
13 September 2012
Three Mayer Brown partners have been named "Best Lawyers 2013 Lawyers of the Year" in their respective practice categories and office cities. Dallas Parker, Houston Venture Capital Law Lawyer of the Year; Brad Peterson, Chicago Technology Law Lawyer of the Year; and Paul Roy, Chicago Information Technology Law Lawyer of the Year.
Legal Update
6 September 2012
Mayer Brown Legal Update
In the August 30, 2012 Executive Order “Accelerating Investment in Industrial Energy Efficiency,” President Obama directs the Departments of Energy, Commerce and Agriculture, and the Environmental Protection Agency, in coordination with the National Economic Council, the Domestic Policy Council, the Council on Environmental Quality and the Office of Science and Technology Policy, to coordinate policies to encourage investment in industrial efficiency in order to reduce costs for industrial users, improve US competitiveness, create jobs and reduce harmful air pollution.
News Releases
3 September 2012
Mayer Brown JSM today announced that Nathan Dodd has joined the firm as a partner in Singapore. Nathan has more than 13 years' experience in the Asian legal market, with a particular emphasis on the energy, natural resources and infrastructure sectors. His experience includes major project development transactions in Southeast Asia, South Asia and Africa and he will be a core member of Mayer Brown's global Projects group.
Media Coverage
17 August 2012
CNN Money
Corporate & Securities partner Jose Valera (Houston) is quoted in an article reporting on the decline of oil production in Mexico.
Legal Update
14 August 2012
Mayer Brown Legal Update
Since 2008, Iraq has been conducting a series of high profile oil and gas licensing rounds with the Iraqi Government’s strategy being to increase its energy reserves and raise oil production from current levels of 2.5 million barrels per day (“BPD”) to 6.5 million BPD by 2014.

Legal Update
13 August 2012
Media Coverage
July/August
Global Finance
Corporate & Securities partner Rob Hamill (London) is quoted in an article about the state of the oil industry in Nigeria.
Media Coverage
3 August 2012
Bloomberg BNA Daily Tax Report
Tax Transactions & Consulting partner Jeff Davis (Washington, DC) quoted in an article on the Senate Finance Committee’s approval of legislation that would extend for one year a production tax credit for the wind power industry and other expiring energy incentives.
Media Coverage
2 August 2012
Bloomberg BNA Daily Tax Report
Tax Transactions & Consulting partner Jeff Davis (Washington, DC) quoted in an article discussing efforts by the Senate Finance Committee to extend the wind power industry's production tax credit. 
Legal Update
9 July 2012
Tauil & Chequer Legal Update
Pursuant to Decree no. 49294, of June 26, 2012, the State of Rio Grande do Sul has amended item CLXXII, of section 9, of the ICMS Statute (RICMS), Decree no. 37699, of August 26, 1997.
Media Coverage
2 July 2012
Recharge
Article profiles Government Relations partner Bob Hertzberg (Los Angeles) and his solar initiative in the UK, G24 Innovations.
Media Coverage
June 2012
Power Engineering
Bylined article by Corporate & Securites partner Toshi Yoshida (Houston) and Litigation & Dispute Resolution counsel Roger Patrick (Washington, DC) discusses the future of the power generation market.
News Releases
28 June 2012
Mayer Brown JSM announced today that it advised MIE Holdings Corporation (MIE) on the US$100 million acquisition of Sino Gas & Energy Limited (Sino Gas). MIE is listed in Hong Kong specialising in oil and gas exploration, development and production. Sino Gas is an Australian company focused on the exploration and development of unconventional gas assets in the Ordos Basin in the northern province of Shanxi.
Media Coverage
28 June 2012
InsideCounsel
Litigation & Dispute Resolution counsel Roger Patrick quoted on efforts to regulate fracking activity.
News Releases
26 June 2012
Mayer Brown JSM is pleased to announce that it has advised Hanergy Holding Group Limited (Hanergy), the largest privately-owned clean-energy developer in China on its acquisition of Solibro, a manufacturer of copper indium gallium diselenide (CIGS) co-evaporation technology and thin-film unit of insolvent German solar group Q-Cells SE (QCE).
Newsletter
19 June 2012
Mayer Brown Newsletter
In this edition of Mayer Brown’s Global Energy Industry Review, we begin by highlighting key revisions of the Association of International Petroleum Negotiators’ 2012 Joint Operating Agreement (JOA). It is expected that this new JOA will take over as the new international industry standard, and our article examines how some of the changes reflect the latest commercial realities of the upstream oil and gas sector, particularly in light of events such as the Deepwater Horizon tragedy and the implementation of the UK Bribery Act 2010.
Article
19 June 2012

Following the precedent of the Obama administration’s “Smart from the Start” initiative to speed offshore wind energy development off the Atlantic Coast, on March 30, 2012, the Obama administration and five of the eight Great Lakes littoral states signed a memorandum of understanding (MOU) intended to streamline the efficient and responsible development of offshore wind energy resources in the Great Lakes.

Article
19 June 2012
The very substance of the ambitious is merely the shadow of a dream ~William Shakespeare

A year has passed since the publication, in April 2011, by the European Commission (EC) of its Proposal for a Council Directive amending Directive 2003/96/EC (the Proposal), restructuring the European Community framework for the taxation of energy products and electricity (the Energy Taxation Directive). The purpose of this short contribution is to briefly discuss what the Proposal is seeking to achieve and provide some insights on where the process actually stands.

Article
19 June 2012

Vietnam’s declining oil production and growing energy needs will require the nation to intensify exploration and development of its deepwater resources. Continued reform of regulations governing oil exploration is necessary to attract foreign investors, who bring with them the technology and expertise necessary to undertake complex deepwater drilling projects.

Article
19 June 2012

After four years of research, consultation and drafting, the Association of International Petroleum Negotiators (AIPN) has published a new version of its model Joint Operating Agreement (2012 JOA), replacing the previous version (2002 JOA).

News Releases
7 June 2012
Mayer Brown, a leading global law firm, announced today that the 2012 edition of Chambers USA: America’s Leading Lawyers for Business ranked 124 of its lawyers, with 149 total rankings, in 51 nationwide and/or state practice categories. Of these, 38 rankings are top-band or higher rankings in 25 nationwide and/or state categories.
Media Coverage
5 June 2012
Bloomberg
Corporate & Securities partner Jose Valera (Houston) quoted on the planned construction of a $4 billion pipeline to Canada’s West Coast for exporting natural gas.
Legal Update
1 June 2012
Mayer Brown JSM Legal Update
Vietnam has recently issued several key pieces of legislation necessary to implement the 2010 Mineral Law. On 22 December 2011, Vietnamese Prime Minister ("PM") signed Decision No. 2427/QD-TTg ("Decision 2427") approving the national mineral resources strategy to 2020 with a vision to 2030.
Legal Update
31 May 2012
Mayer Brown JSM Legal Update
On 9 March 2012, the Vietnamese Government issued Decree No. 15/2012/ND-CP ("Decree 15") detailing the implementation of a number of articles in the Mineral Law.
Media Coverage
31 May 2012
Law360
Banking & Finance partner Paul Forrester (Chicago) quoted on the Department of Defense investing in biofuels and other alternative energy sources.
Legal Update
30 May 2012
Mayer Brown JSM Legal Update
On 26 March 2012 the Vietnamese Government issued Decree No. 22/2012/ND-CP ("Decree 22"). Decree 22 provides detailed regulations on Article 79.2 of the Mineral Law with respect to the principles, conditions and procedures for auctioning mineral mining rights. Other provisions relating to the auction process not covered under Decree 22 will comply with legislation on general auctions of assets.
Media Coverage
25 May 2012
Oil & Gas Journal
Coverage of the 7th Annual Mayer Brown Global Energy Conference in Houston includes comments from Corporate & Securities partner Toshi Yoshida regarding US LNG export projects.
Legal Update
9 May 2012
Mayer Brown Legal Update
On May 4, 2012, the US Environmental Protection Agency (“EPA” or the “Agency”) released its draft guidance (the “Guidance”) explaining how federal permit writers should adapt existing underground injection control (UIC) requirements for Class II wells—which typically cover enhanced oil recovery, disposal of brines from oil and gas production, or hydrocarbon storage—to hydraulic fracturing using diesel fuel.
Legal Update
8 May 2012
Mayer Brown Legal Update

On May 4, 2012, the US Bureau of Land Management (“BLM” or the “Bureau”), which is part of the Department of the Interior, released its proposed rule for regulating hydraulic fracturing on public and Indian lands. As expected, the proposal addresses public disclosure of fracturing fluid constituents, well-bore integrity, and wastewater management. 

Media Coverage
1 May 2012
Law360
Article notes that Kirk Tucker has joined Mayer Brown’s Houston office as a partner in the Corporate & Securities practice and quotes Kirk and Houston Real Estate partner Neil Wasserstrom.
News Releases
30 April 2012
Mayer Brown, a leading global law firm, announced today that Kirk Tucker has joined the firm in Houston as a partner in the Corporate & Securities practice. Previously, he was a partner with Thompson & Knight in Houston.
Media Coverage
25 April 2012
Law360
Bylined article by Chicago Banking & Finance partner Paul Forrester discusses the memorandum of understanding signed by the Obama administration and five Great Lakes littoral states that is intended to streamline the efficient and responsible development of offshore wind energy resources in the Great Lakes.
Legal Update
24 April 2012
Mayer Brown Legal Update
On April 18, 2012, the US Environmental Protection Agency (“EPA” or the “Agency”) released its new regulations for air emissions from the oil and natural gas industry, including hydraulic fracturing at onshore wells drilled principally for natural gas.
News Releases
16 April 2012
Mayer Brown, a leading global law firm, announced today that Shawn R. O’Brien has joined the firm’s Tax Controversy practice in the Houston office. Previously, Mr. O’Brien managed the Tax Controversy Practice Group at Jackson Walker LLP, where he was a partner in Houston.
News Releases
9 April 2012
Mayer Brown, a leading global law firm, announced today that Thomas L. Eldert has joined the firm as a partner in the global Projects Group and the Banking & Finance practice in Washington, DC. Mr. Eldert comes from Morrison & Foerster, where he was a member of the Project Finance and Development Group.
Legal Update
3 April 2012
Mayer Brown Legal Update
Following the precedent of the Obama administration's Smart from the Start initiative to speed offshore wind energy development off the Atlantic Coast, on March 30, 2012, the Obama administration and five of the eight Great Lakes littoral states signed a memorandum of understanding (MOU) intended to streamline the efficient and responsible development of offshore wind energy resources in the Great Lakes. The related announcement states that the MOU will enhance collaboration between federal and state agencies to speed review of proposed offshore wind energy projects and, in particular, to develop an action plan that sets the priorities and recommended steps for achieving efficient and responsible evaluation of wind power projects in the Great Lakes region.
News Releases
30 March 2012
Houston – Pablo Ferrante and Robert Goldberg, partners in Mayer Brown’s Houston office, have been named “Rising Stars” by Law360, a recognition that “honors attorneys under 40 whose accomplishments in major transactions or litigation belie their age,” the publication said.
Legal Update
21 March 2012
Mayer Brown Legal Update
Breaking news from the UK Parliament: the Chancellor, George Osborne, announces his Budget speech in the House of Commons.
Media Coverage
20 March 2012
Law360
Houston Corporate & Securities partner Pablo Ferrante profiled for his selection as a Law360 “Rising Star” for his work in the energy practice area.
Media Coverage
12 March 2012
Texas Lawyer (subscription required)
Bylined article co-authored by Washington, DC Litigation counsel Roger Patrick and Houston Corporate & Securities associate Andrew J. Stanger discusses ways to manage risk of government environmental enforcement actions for energy companies involved with hydraulic fracturing.
News Releases
6 March 2012
Mayer Brown
Mayer Brown, a leading global law firm, announced today that partners Robert S. Goldberg and William H. Knull, III of the Houston office have been appointed to key volunteer, part-time leadership roles with the Institute for Energy Law (IEL), which provides advanced education for lawyers and other professionals in the energy industry through its educational programs, scholarly publications and membership activities.
Media Coverage
March 2012
Pipeline & Gas Journal
Energy partner Jose Valera (Houston) featured in a Q&A in which he discusses the future of Latin America’s oil and gas industry.
Legal Update
27 February 2012
Mayer Brown Legal Update
Just days after a New York trial court, in a matter of first impression, upheld a New York town’s zoning ban on natural gas exploration and production (see Anschutz Exploration Corp. v. Town of Dryden, Index No. 2011-0902 (Sup. Ct. Tompkins Cnty., Feb. 21, 2012)), a second New York trial court has addressed a nearly identical question and reached the same conclusion.
Legal Update
23 February 2012
Mayer Brown Legal Update
In a case of first impression, a New York trial court has considered “whether a local municipality may use its power to regulate land use to prohibit exploration for, and production of, oil and natural gas.” In Anschutz Exploration Corp. v. Town of Dryden, Index No. 2011-0902 (RJI No. 2011-0499-M) (Sup. Ct. Tompkins Cnty., Feb. 21, 2012), the court concluded that, but for one small and severable part of the challenged zoning law, the Town’s land use regulations are permissible and not preempted by state law.
White Paper
10 February 2012
Mayer Brown White Paper
The relatively recent technological development of combining hydraulic fracturing and horizontal drilling to produce large quantities of natural gas (and liquids in many cases) from shale formations in the United States has and will likely continue to have significant impact on energy production. These developments will influence not only the price of hydrocarbons but also the economics of alternative energy development. At the same time, the prospect of conducting drilling activities, particularly in densely populated areas and those not familiar (at least recently) with oil and gas operations, has focused attention on potential risks associated with these activities. Not surprisingly, then, there has been a great deal of positive and negative excitement due to the current growth in hydrocarbon exploration and production in shale formations. This paper addresses three legal risk areas: (1) environmental regulatory and litigation risks, (2) nearby property owner damage and contamination litigation risks, and (3) securities law risks— with an acknowledgement to the concomitant political risks. While these risks cannot be eliminated, the purpose of the paper is to provide recommendations to those involved in the development and production of shale gas reserves that will mitigate these risks. We focus here on natural gas, but many of the issues will be similar for shale oil.
Media Coverage
31 January 2012
Institutional Real Estate
Chicago Finance partner Paul Forrester quoted on European banks trading infrastructure collateralized loan obligations. Subscription required.
Legal Update
24 January 2012
Tauil & Chequer Legal Update
Pursuant to CONFAZ ICMS Agreement no. 130, of November 27, 2007 (“Agreement 130/07”) the States and the Federal District were authorized to reduce the ICMS tax basis applicable at the time that assets or goods (specified in the Sole Annex to such Agreement 130/07) cleared through customs where any such assets or goods were imported under the Special Customs Regime relating to Temporary Admission for use in oil and natural gas production facilities pursuant to specific federal rules regulating the Special Import and Export Regime for Oil and Natural Gas Exploration and Production Assets (“REPETRO”) so that the tax burden would be equal to 7.5 percent on a noncumulative basis, or alternatively, at the discretion of the taxpayer, 3 percent without entitlement to the relevant credit.
News Releases
23 January 2012
Mayer Brown, a leading global law firm, announced today that Perry Hicks has joined the firm as a partner in the Banking & Finance practice in Charlotte.
Legal Update
19 January 2012
Mayer Brown Legal Update
On January 19, 2012, Pemex Exploration & Production launched an international bidding round for exploration and production (E&P) contracts in mature fields in the northern region of the Gulf of Mexico. Pemex will award six E&P contracts covering the offshore areas (shallow waters) of Arenque and Atun and the onshore areas of Altamira, Panuco, San Andres and Tierra Blanca located in southern Tamaulipas and northern Veracruz.
Legal Update
12 January 2012
Mayer Brown Legal Update
The Outer Continental Shelf Lands Act (“OCSLA”) extends worker compensation benefits for “disability or death . . . resulting from any injury occurring as the result of operations conducted on the outer Continental Shelf.” 43 U.S.C. § 1333(b). On January 11, 2012, in Pacific Operations Offshore, LLP v. Valladolid, No. 10-507, the Supreme Court held that an injury is covered by the OCSLA when there is a “substantial nexus” between the injury and extractive operations on the Outer Continental Shelf (“OCS”).
Media Coverage
3 January 2012
Law360
Bylined article by Energy partner Dallas Parker (Houston) discusses the shale gas landscape.
Legal Update
28 December 2011
Mayer Brown Legal Update
On December 21, 2011, Congress sent to the President legislation to tighten sanctions against Iran. The new sanctions are part of the 2012 National Defense Authorization Act. The legislation, citing Iran’s nuclear technology development activities, targets the Central Bank of Iran (CBI) and other Iranian financial institutions as a way of increasing pressure on Iran’s petroleum sector. The President is expected to sign the bill.
News Releases
27 December 2011
Mayer Brown
Mayer Brown represented Bioenergy, a Colombian energy company, in the negotiation of its definitive agreement with Isolux Corsán for the engineering, procurement and construction of Bioenergy’s $203 million ethanol plant in Puerto Lopez, Colombia.
Media Coverage
22 December 2011
Law360
Bylined article by Chicago Government & Global Trade partner Joanna Horsnail and Banking & Finance associate Nate Galer discusses the process of negotiating design and construction contracts for new projects in the wind energy industry.
Media Coverage
20 December 2011
OilPrice.com
Washington, DC Tax Transactions & Consulting partner Jeff Davis quoted on how renewable energy projects will fare without grant assistance.

Article also appeared in Commodities Now.

Legal Update
15 December 2011
Tauil & Chequer Legal Update
As published in the Official Gazette of November 10 and 11, 2011, the new official schedule of fees for the Brazilian Patent and Trademark Office - BPTO will become effective as of January 1, 2012, increasing the current official fees by approximately 18.5%.
Legal Update
15 December 2011
Mayer Brown JSM Legal Update
On 17 November 2011, the Ministry of Finance issued Circular No. 166/2011/TT-BTC (Circular 166) to guide the implementation of some articles of Decree No. 108/2009/ND-CP dated 27 November 2009 on investment on the basis of BOT (Build-Operate-Transfer) contracts, BTO (Build-Transfer-Operate) contracts and BT (Build-Transfer) contracts (Decree 108).
Legal Update
15 December 2011
Mayer Brown Legal Update
The US Department of the Treasury has posted additional guidance for the Section 1603 cash grant program. This guidance addresses the application of the 5% safe harbor where there has been a change in ownership of the energy property or the entity that satisfied the 5% safe harbor.
Media Coverage
December 2011
Renewable Energy World North America
Washington, DC Tax Transactions & Consulting partner Jeff Davis quoted on how the renewable energy industry will fare without the 1603 Grant.
Article
8 December 2011
In August 2010, Pemex, Mexico’s national oil company, awarded its first-ever incentive-based service contracts for upstream activities. The contracts, known as the “Integrated E&P Contracts” (IECs), were awarded as part of an international bidding round for upstream exploration and production (E&P) projects covering three mature fields in southern Mexico. With the second bidding round expected to begin in early 2012 (terms scheduled to be released very soon) and at least two more upcoming bidding rounds for upstream projects, Pemex expects this new contrac­tual framework to attract the investment and expertise needed to revamp the country’s declining oil production.
Article
8 December 2011
Major reform is afoot as the United Kingdom’s coalition government seeks to transform the United Kingdom into a “greener” and more competitive economy, while also ensuring the country’s future energy needs. Proposals to reform the electricity market promise to be the biggest shake-up in the sector since privatisation in the 1980s.
Article
8 December 2011
Vietnam has seen dramatic economic growth in recent years. Left behind by neighboring countries that enjoyed booming economies much earlier, Vietnam is finally taking steady steps toward becoming an economic power in Asia. With a population of 91 million and a well-trained workforce with diligent work habits, Vietnam has huge potential for further eco­nomic growth.
Article
8 December 2011
While it’s no secret that the popular media and the energy industry don’t always agree, a particularly radical split occurred approximately six years ago on the subject of natural gas. The popular media foresaw an immi­nent gas shortage, a price increase of nearly 50 percent in a single year, with worse to come. They saw interrupted supply in response to Hurricanes Katrina and Rita. They bemoaned the slow pace of liquefied natural gas (LNG) facilities coming onstream. And they saw gas as yet another area of US dependence on foreign energy.
Article
8 December 2011
The German government has recon-sidered the role of nuclear energy in Germany as a result, in part, of the nuclear accident at Fukushima, Japan. This decision has resulted in recent energy policy decisions to phase out nuclear-generated energy by the end of 2022, and to increase use of renewable energy sources. In addition, the transi¬tion from reliance on conventional energy to the use of renewable energy is further driven by the nation’s ambitious climate protection policy.
Newsletter
8 December 2011
Mayer Brown Newsletter
In this edition of Mayer Brown’s Global Energy Review, we highlight steps that the Vietnamese government is taking to further leverage their recent economic growth and attract more foreign investors not only in general manufacturing, but also in Vietnam’s proven and probable oil and gas reserves. We also share views on shale gas in the United States and discuss how it could solve some of the country’s economic and environmental problems, depending on certain regulatory decisions.
Legal Update
8 December 2011
Mayer Brown Legal Update
Despite recent economic, technical and regulatory challenges, the wind energy industry in the United States has grown tremendously over the past decade. However, even with this growth, and the accumulation of much experience, one frequent hurdle to launching new projects quickly is the lengthy and inefficient negotiation of design and construction contracts.
Legal Update
November 2011
Mayer Brown Legal Update
The European Commission (the "EC") proposal (the "Proposal") for a Council Directive amending Directive 2003/96/EC and restructuring the Community framework for the taxation of energy products and electricity (the "Energy Taxation Directive") is facing hard times due to lack of consensus amongst the Member States. Preliminary work presented last week by the European Parliament (the “EP”) shows the EP is joining the battle on key but very specific aspects of the Proposal, mainly the one that could affect motor fuel taxation.
News Releases
15 November 2011
Leading global law firm Mayer Brown advised Wolf Minerals Limited (an Australia incorporated company listed on the Australia Securities Exchange) on its proposed fast track admission to AIM.
Media Coverage
3 November 2011
Financial Times
Mayer Brown ranked 12th among the most innovative law firms in Financial Times’ special report, “US Innovative Lawyers 2011.” The firm also received rankings in the Litigation, Finance and Energy categories.
Legal Update
24 October 2011
Tauil & Chequer Legal Update
With its National Policy on Climate Change (Política Nacional sobre Mudanças Climáticas – PNMC)—established by Law No. 12,187/09 and regulated by Decree No. 7,390/10—Brazil has voluntarily committed to reduce its greenhouse gas emissions between 36.1 percent and 38.9 percent by 2020.
Media Coverage
September/October 2011
Renewable Energy World North America
Washington, DC Banking & Finance partner Jeff Davis quoted on the potential extension of the 1603 Treasury Cash Grant Program.
Legal Update
19 October 2011
Mayer Brown Legal Update
The Energy Bill received Royal Asset on 18th October 2011, passing into law as the Energy Act 2011 (the "Act"). The Act has three main objectives: to incentivise improvements in energy efficiency in businesses and homes by tackling lack of available finance; to promote low carbon energy production and to enhance energy security
Legal Update
30 September 2011
Tauil & Chequer Legal Update
In order to accelerate actions under the State of Espirito Santo’s development decentralization program, on August 3, 2011, the Decree 2816-R (the Decree) was published. It establishes tax benefits for investors that accept the State government’s intention to encourage implementation of projects in less industrialized and developed regions within the State.
Legal Update
19 September 2011
Mayer Brown JSM Legal Update
The Prime Minister issued the long-awaited Decision No. 37/2011/QD-TTg (Decision 37) on 29 June 2011 under which the State for the first time set out mechanisms for supporting and developing wind power projects in Vietnam.
Legal Update
15 September 2011
Mayer Brown Legal Update
On August 18, 2011, the California Public Utilities Commission (CPUC) adopted a resolution (the RAM Resolution) implementing program details and bidding protocols for California’s Renewable Auction Mechanism (RAM). The resolution also approved standard form purchase contracts for use by each of California’s three investor-owned utilities (the IOUs) in the RAM program.
Media Coverage
13 September 2011
Pipeline & Gas Journal
Bylined article by Houston Corporate & Securities partner Dallas Parker discusses the benefits of shale gas development.
Legal Update
7 September 2011
Mayer Brown Legal Update
The European Union has adopted new sanctions against Syria, including an oil embargo, that entered into force on 3 September 2011 and build upon EU sanctions that became effective on 10 May 2011. The United States strengthened its sanctions against Syria on 18 August 2011.
News Releases
7 September 2011
Leading global law firm Mayer Brown has advised Genel Energy International on the planned merger with Vallares PLC to create a London-listed oil and gas champion focused on the Kurdistan Region of Iraq.
Legal Update
5 September 2011
Mayer Brown Legal Update
Following its pledge in the 2011 Budget that the Climate Change Agreement (CCA) scheme will (subject to State Aid approval) be extended to 2023, the Government has just issued a consultation on how it proposes the new scheme will operate.
Legal Update
19 August 2011
Mayer Brown Legal Update
In the latest of a series of steps to strengthen sanctions against the regime of Syrian President Bashar al-Assad, the United States Government announced a substantial expansion of sanctions against Syria effective on August 18, 2011. These new sanctions will affect the activities of US citizens, US residents, and US businesses (collectively, “US Persons”) not only with the Syrian government but also with Syrian customers, suppliers, and financial institutions.
Legal Update
12 August 2011
Article
8 August 2011
The adoption by the US Securities and Exchange Commission in December 2008 of amended oil and gas disclosure rules was a significant development for public reporting exploration and production companies: it was the first time in three decades that these rules had been substantially modified. According to the SEC’s adopting release, the new rules were designed to better align SEC oil and gas disclosure standards with modern industry standards.
Newsletter
8 August 2011
Mayer Brown Newsletter
In this edition of Mayer Brown’s Global Energy Review, we provide an overview of Latin America’s increased focus on oil and gas exploration and how terms and conditions vary greatly from country to country. Additionally, in the United States, we look at the modifications of the oil and gas disclosure rules and the SEC comment letters pertaining to the updates.
Article
8 August 2011
The UK Budget 2011 delivered something of a shock to the UK oil and gas sector. In an effort to help balance the books, the UK government announced a significant increase in the tax applied to North Sea oil and gas producers, effective from 24 March 2011. This article gives a short summary of the tax changes that were announced in the UK Budget 2011, the market reaction and the status of the changes as of July 18, 2011.
Article
8 August 2011
There is a paradigm shift in nuclear development: developing Southeast Asian countries such as Vietnam, Indonesia and the Philippines are at the forefront of harnessing nuclear power into a safe, efficient and sustainable energy source. In this article, we consider these three countries in relation to their legal development, official plans to build reactors and investment opportunities in order to determine their positions in the Southeast Asian nuclear development.
Legal Update
8 August 2011
Mayer Brown Legal Update
On July 28, 2011, the US Environmental Protection Agency (“EPA” or “the Agency”) announced the release of a 604-page suite of proposed air regulations for oil and gas production, processing, transmission, and storage. Covered operations and equipment would include completions and recompletions of hydraulically fractured natural gas wells, compressors, pneumatic controllers, various storage tanks, and gas processing plants. The proposals are the result of a court settlement that also requires the Agency to issue final standards by February 28, 2012.
Article
8 August 2011
With oil reserves second only to the Middle East and significant gas reserves, Latin America has become a natural focus of oil and gas exploration in recent years. As the countries in this region increasingly turn their attention to their offshore prospects, which range from Brazil’s massive fields to lesser known areas elsewhere, all are welcoming the technology, capital and expertise of foreign companies but under terms and conditions that vary greatly from country to country.
Legal Update
8 August 2011
Mayer Brown Legal Update
On 12 July, the UK Government published its much anticipated White Paper on Electricity Market Reform, alongside its Renewables Roadmap. The proposals set out in the White Paper represent the biggest shake-up in the UK electricity market since privatisation in the 1980s.
Legal Update
August 2011
Mayer Brown Legal Update
The aim of this legal update is to provide a brief overview of the recent French tender relating to offshore wind facilities for the first five areas identified by the French government ("3GW tender").
Legal Update
25 July 2011
Mayer Brown Legal Update
On July 21, 2011, the US Federal Energy Regulatory Commission (FERC) issued Order No. 1000,1 a landmark order regarding transmission planning and allocation of the related costs. (The rulemaking that led to Order No. 1000 was previously discussed in our Legal Updates dated June 21 and July 27, 2010.) Order No. 1000 potentially represents the next significant step toward making electric transmission planning a key priority for FERC.
Media Coverage
July 2011
The Lawyer
Mayer Brown features as one of the top energy firms. Rob Hamill is quoted. The report also contains global 50 league tables. Please view report here.
Legal Update
14 July 2011
Mayer Brown Legal Update
US Secretary of the Interior previously announced a “Smart From the Start” initiative for Atlantic offshore wind development that is anticipated to dramatically reduce timelines for related environmental permitting.
News Releases
5 July 2011
Mayer Brown JSM is pleased to announce that it advised PT Indika Energy Tbk (INDY), a leading integrated Indonesian energy group, in connection with the exchange offer of up to US$185,000,000 of Indo Integrated Energy B.V.'s 8.50% Senior Notes due 2012 for Indo Energy Finance B.V.'s 7.00% Senior Notes due 2018, together with simultaneous consent solicitations for the 2012 Notes and Indo Integrated Energy II B.V.'s 9.75% Senior Notes due 2016 and new money issue of US$115,000,000.
News Releases
1 July 2011
Mayer Brown
Mayer Brown, a leading global law firm, announced today that it will extend its geographic presence in Asia by opening an office of Mayer Brown JSM, its Asian practice, in Singapore. The new office will focus initially on four primary areas of legal practice: asset finance, project finance, energy and international arbitration.
Legal Update
30 June 2011
Mayer Brown Legal Update
On June 30, 2011, the US Treasury Department (Treasury) posted guidance (Guidance) to assist applicants in determining their cost basis for certain solar photovoltaic (PV) properties for purposes of the Section 1603 grant (Grant).
Legal Update
29 June 2011
Mayer Brown Legal Update
California has become the first US state to enact sanctions pursuant to the 2010 federal Comprehensive Iran Sanctions, Accountability, and Divestment Act (CISADA). California’s Iran Contracting Act (the “Act”) bars persons determined to be engaged in investment activities in Iran’s nuclear, petroleum, or natural gas industries from bidding on or renewing contracts with California state and local governments for goods and services worth $1 million or more.
Legal Update
24 June 2011
Mayer Brown JSM Legal Update
Assets under construction (e.g. building sites) have always been 'exempted' from rates assessment for the past decades. Following the Court of Appeal decision in Hong Kong Electric Co. Ltd v Commissioner of Rating and Valuation CACV 27/2010 handed down in September 2010, there was uncertainty in this area of law - the Court of Appeal decided that assets under construction should be subject to rates assessment. The Court of Final Appeal ("CFA") reversed the Court of Appeal's decision on 21 June 2011 (FACV 12/2010) and held that building sites or other assets in the course of construction were not rateable.
Legal Update
21 June 2011
Mayer Brown Legal Update
In Massachusetts v. EPA, 549 U.S. 497 (2007), the Supreme Court held that the Clean Air Act authorizes federal regulation of emissions of carbon dioxide and other greenhouse gases. In American Electric Power Co., Inc. v. Connecticut, No. 10-174, the Court held that the Clean Air Act and EPA action authorized by the Act displace any claims for abatement of carbon-dioxide emissions under the federal common law of public nuisance.
Legal Update
June 2011
Mayer Brown Legal Update
The UK Government last week confirmed new funding tariffs for large-scale Solar PV projects under its green electricity initiative, the Feed-In Tariff ("FiT") scheme.
Legal Update
8 June 2011
Mayer Brown Legal Update
The United States has claimed victory in its World Trade Organization (WTO) challenge to China’s wind power equipment subsidies. In a June 7, 2011 announcement, US Trade Representative Ron Kirk stated that the United States had successfully challenged China’s Special Fund for Wind Power Equipment Manufacturing (Special Fund) and secured China’s agreement to end the program. The United States had filed a request for consultations with China on December, 22 2010, signaling a potential WTO dispute on the Special Fund. The United States and China held consultations on February 16, 2011.
Media Coverage
6 June 2011
Bloomberg
Bylined article by Government & Global Trade partner Joanna Horsnail and Banking & Finance associate Nate Galer discusses wind farm projects and how to capture governmental incentives.
News Releases
6 June 2011
Mayer Brown
Mayer Brown, a leading global law firm, announced that Los Angeles Government & Global Trade partner Bob Hertzberg has been elected to the Board of Directors of the China-US Energy Efficiency Alliance.
Book
June 2011
Tax Issues Related to the Oil & Gas Industry, Co-Author
MP Editora
Legal Update
26 May 2011
Mayer Brown Legal Update
At its last meeting on May 19, 2011, the US Federal Energy Regulatory Commission (FERC) issued final orders in several important and high-profile electric transmission cases, granting (or reaffirming) incentive rates, including return adders, construction work in progress (CWIP) treatment, and collection of costs of abandoned projects. At the same time, reflecting the disputes that have accompanied its transmission investment incentive policy, FERC initiated an notice of inquiry (NOI) on the underlying program.
Article
19 May 2011
Bylined article by Chicago Energy partner Joanna Horsnail and associate Nate Galer discusses negotiating financeable project documents for wind projects in the US.
Media Coverage
18 May 2011
North American Windpower
Bylined article by Chicago Litigation partner Kevin Desharnais discusses new Draft Land-Based Wind Energy Guidelines from the US Fish and Wildlife Service.
Article
10 May 2011
Legal Update
5 May 2011
Tauil & Chequer Legal Update
On April 28, 2011, the National Energy Policy Council (CNPE) authorized the Brazilian Petroleum Agency (ANP) to promote the Brazil Round 11 with a total of 174 blocks, half of which are onshore and half offshore. The bidding round is expected to occur on September 12, 2011, and will be the first time offshore blocks have been offered since the Brazil Round 9 was held at the end of 2007.
Media Coverage
1 May 2011
Mayer Brown
Article by Government & Global Trade partner David Bloom (Washington, DC), Banking & Finance partner Paul Forrester and Banking & Finance associate Nadav Klugman (both Chicago) discusses state feed-in-tarriffs.
Article
27 April 2011
The European Securities and Markets Authority (ESMA), successor to the Committee of European Securities Regulators (CESR), has published an update of the CESR recommendations for the consistent implementation of the Prospectus Directive, with revisions as to the content requirements of prospectuses issued by mineral companies. The CESR recommendations contain various guidelines as to the content of prospectuses, and are taken into account by the UK Listing Authority (UKLA) in deciding whether a prospectus should be approved.
Article
27 April 2011
In April 2010, the UK government introduced a feed-in tariffs (FiTs) scheme as part of a drive to stimulate the development of renewable energy in the United Kingdom by incentivising businesses to invest in renewable technology. The FiTs scheme forms part of a wider government strategy designed to ensure that the United Kingdom meets its commitment to produce 15 percent of its energy supply from renewable sources by 2020, an obligation arising under the EU Renewable Energy Directive.
Newsletter
27 April 2011
Mayer Brown Newsletter
In this edition of Mayer Brown’s Global Energy Review, we examine Brazil’s Natural Gas Law to regulate the natural gas industry in Brazil—though signed in 2009 the law was only recently implemented and deemed enforceable by the president of Brazil. We also take a second look at the Iraqi oil industry and examine the progress in government relations between Iraq and Kurdistan.
Article
27 April 2011
In a dramatic demonstration of Congressional “Fire, Ready, Aim” and fully six-months before the scheduled report of the specially charged Financial Crisis Investigation Commission, President Obama signed the Dodd-Frank Act into law in July 2010. Even though the Act focuses mainly on financial institutions and the financial system, Dodd-Frank will have potentially significant consequences for energy companies and investors therein and related markets for energy goods and services.
Article
27 April 2011
Since 1997, the government of Brazil has been using a general hydrocarbons law to regulate all upstream, midstream and downstream activities relating to oil and natural gas. This sometimes resulted in situations that were difficult to address or projects that were impossible to implement due to the lack of legal authorization. After many years of anticipation, on March 4, 2009, the government published the Natural Gas Law (Law No. 11,909) to regulate the natural gas industry in Brazil; however, the law has only recently been implemented and enforced.
Article
27 April 2011
In our Summer 2010 issue of Global Energy Industry Review, we reflected on the vast oil and gas potential of Iraq, home to the world's fourth largest oil reserves. In particular, we considered the obstacles faced by the Kurdistan Regional Government (KRG), in the north of the country, to establish a strong, investor-friendly oil and gas regime in Kurdistan in the face of an ongoing dispute with the Iraqi federal government in Baghdad. Now, almost one year later, we wonder: What, if anything, has changed?
Media Coverage
19 April 2011
Financial Times
Houston Energy Special Counsel Stephen Gates quoted on new regulations in the oil industry after the Macondo disaster.
Legal Update
18 April 2011
Mayer Brown Legal Update
The most ambitious renewable portfolio standards (RPS) energy legislation in the United States was signed into law by California Governor Edmund G. Brown, Jr., on April 12, 2011. Authored by Senate President Pro-Tempore Darrell Steinberg (D) and Senator Joseph Simitian (D), SB2X1 requires both public- and investor-owned utilities to procure 33 percent of the electricity delivered to retail customers from renewable sources by December 31, 2020. Energy resources that are eligible for compliance credit under SB2X1 include biomass, solar thermal, photovoltaics, wind, geothermal, fuel cells, “small” hydro-electric (30MW or less), digester gas, solid waste conversion, and ocean wave, thermal or tidal technology.
Article
25 March 2011
Article by Chicago partners J. Paul Forrester and Paul Astolfi discusses the Dodd-Frank Act's impact on the energy sector. This article first appeared in a slightly different form in Power Finance & Risk in two parts on 18 March 2011 and 25 March 2011.
Media Coverage
25 March 2011
Power Finance & Risk
Bylined article by Chicago Banking & Finance partners Paul Astolfi and Paul Forrester discusses end-user exceptions, forward contracts and Dodd-Frank’s effects in the energy-swap market. Subscription required.
Legal Update
25 March 2011
Tauil & Chequer Legal Update
On March 16, 2011, the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) has submitted to public comments and suggestions the draft of a new Concession Contract for Exploration and Production of Oil and Natural Gas (Draft Concession Contract) to be used in future bidding rounds for exploratory blocks in Brazil. The Draft Concession Contract is directed only to areas that are not located within the Brazilian pre-salt reserves, which are now subject to a specific production sharing regime.
Legal Update
March 2011
Mayer Brown Legal Update
The EU Emission Trading Scheme ("EU ETS”) was established in 2005 for the purpose of limiting the CO2 emissions in the EU. It allocated allowances to economic operators and provided the possibility to trade these allowances. In 2008, Directive 2009/29/EC amended the EU ETS resulting in a further expansion of its scope and setting an overall EU cap.
Legal Update
21 March 2011
Tauil & Chequer Legal Update
ANP (Brazilian National Petroleum Agency) Resolution No. 13, published on February 24, 2011, approves the Technical Regulation for Relinquishment of Concession Areas in Exploratory Phase (the “Regulation”) and revokes ANP Ordinance No. 114/2001. The Regulation provides procedures to be used in the relinquishment of areas in exploratory phase.
Legal Update
21 March 2011
Mayer Brown Legal Update
On March 16, 2011, the US Environmental Protection Agency (“EPA” or the “Agency”) announced its proposed “air toxics” rules to restrict emissions of mercury, arsenic, chromium, nickel, acid gases, and organics from coal- and oil-fired power plants. The proposal could result in significant capital expenditures for covered units—$28 billion in the aggregate according to one estimate. It also could result in the permanent or, at least during construction of required retrofits, extended loss or derating of generating capacity, especially from smaller, older coal-fired plants. At the same time, EPA is proposing to set limits for new steam boilers that burn coal, oil, or natural gas.
Media Coverage
18 March 2011
Power Finance & Risk
Bylined article by Chicago Banking & Finance partners Paul Astolfi and Paul Forrester discusses the impact of the Dodd-Frank Act on the energy industry. Subscription required.
Legal Update
14 March 2011
Mayer Brown JSM Legal Update
On 17 November 2010, the Vietnamese National Assembly adopted the new mineral law (2010 Mineral Law), which will take effect from 1 July 2011 (Effective Date), and replaces the 1996 Mineral Law (as amended in 2005). The 2010 Mineral Law introduces new changes to and supplements the existing legal framework for mineral exploration and exploitation, including streamlining the licensing process and imposing more stringent financial conditions which must be satisfied to obtain mineral licenses.
Legal Update
11 March 2011
Mayer Brown Legal Update
The US Fish and Wildlife Service (FWS) has published a notice of availability of its “Draft Land-Based Wind Energy Guidelines,” which establish a comprehensive methodology for evaluating and addressing impacts to affected species as a result of land-based wind energy projects. Among other significant changes from prior guidance, the Guidelines include extensive requirements for pre-development and postconstruction monitoring and apply expanded “adaptive management” concepts that could require assessment and implementation of operational changes on an ongoing basis.
Video
9 March 2011
Co-head of the global Energy group, Rob Hamill, is interviewed on Reuters Insider TV on M&A trends in the mining sector
Legal Update
23 February 2011
Mayer Brown Legal Update
The Outer Continental Shelf Lands Act (“OCSLA”) extends worker compensation benefits for “disability or death . . . resulting from any injury occurring as the result of operations conducted on the outer Continental Shelf.” 43 U.S.C. § 1333(b). On February 22, 2011, the Supreme Court granted certiorari in Pacific Operations Offshore, LLP v. Valladolid, No. 10-507, to resolve disagreement among the lower courts as to the scope of that provision.
Media Coverage
8 February 2011
Oil & Gas Financial Journal
Bylined article by Houston Corporate & Securities partner Dallas Parker discusses the impact of shale gas on the world’s energy scene.
Media Coverage
3 February 2011
Politico: Morning Energy
Chicago Banking & Finance partner Paul Forrester quoted on a recent ruling denying the Department of Energy’s plans for fast-tracking electric transmission projects in highly congested areas.
Legal Update
31 January 2011
Mayer Brown Legal Update
Non-utility developers and sponsors of merchant transmission are finding themselves caught in a “Catch 22” under the laws of several states as they seek to develop new projects in competition with incumbent utilities. In some states, laws permit only a “public utility” to obtain a certificate of public convenience and necessity (CPCN) for the construction or operation of transmission property. As result, a new entrant cannot obtain a certificate because it is not currently a public utility and cannot become a public utility unless it owns or manages utility property and is providing a public service.
Media Coverage
26 January 2011
Renewable Energy World North America

Washington, DC Tax Transactions partner Jeff Davis quoted on President Barack Obama’s goal to obtain 80 percent of America’s electricity from clean energy sources by 2035.

*Article also appeared on Power Engineering magazine’s “Up in the Air” blog.

Legal Update
17 January 2011
Mayer Brown JSM Legal Update
On 13 December 2010, the Vietnamese Ministry of Industry and Trade (MOIT) released Circular No. 40/2010/TT-BCT regulating the sequence and procedures for resolution of disputes in the electricity market (Circular 40).
Legal Update
11 January 2011
Mayer Brown Legal Update
In its proposed rule, the Commodity Futures Trading Commission (CFTC) proposes new requirements governing the elective exception to mandatory clearing of swaps for those swap counterparties meeting the requirements under section 2(h)(7) of the Commodity Exchange Act (CEA), as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Article
6 January 2011
At least 18 states in the United States are considering or reported to be considering the adoption of feed-in-tariffs, or FiTs, to stimulate renewable energy development. While many states have renewable portfolio standards in place, some legislators must feel that their state’s RPS do not provide sufficient incentive for targeted renewable energy development.
Newsletter
6 January 2011
Mayer Brown Newsletter
In this edition of Mayer Brown’s Global Energy Industry Review, we look at the ways China is trying to curb its excessive energy consumption and reduce its emission of greenhouse gases. We also look at the new UK Bribery Act and its potential extra-territorial reach. This expansion of its coverage makes it more aggressive than past acts, and businesses should be aware of the changes.
Article
6 January 2011
China faces an extremely urgent and important task to curb excessive growth in energy consumption and the emission of green house gases. Though it has positioned itself as the world leader in clean energy efforts in recent years, and was ranked second in the world in terms of installed wind generating capacity in 2009, coal still accounts for more than 70% of the country’s total energy consumption.
Legal Update
4 January 2011
Mayer Brown Legal Update
On December 15, 2010, the Securities and Exchange Commission (SEC) voted to propose several rules mandated under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The proposed rules cover a broad range of industry categories. Comments to the proposed rules must be received by the SEC by January 31, 2011. We review many of the key provisions.
Legal Update
3 January 2011
Mayer Brown Legal Update
On December 15, 2010, the Illinois Commerce Commission (ILCC) authorized Ameren Illinois Utilities (Ameren) and Commonwealth Edison Company (ComEd) to enter into long-term contracts involving 37,234,500 megawatt-hours (MWH) of renewable energy over 20 years (1,261,725 MWH per year for ComEd and 600,000 MWH per year for Ameren) for an average price of $55.18/MWH and $50.44/MWH, respectively.
Legal Update
27 December 2010
Mayer Brown Legal Update
The United States announced on December 22, 2010 that it has sought the World Trade Organization’s (WTO) intervention to address US concerns over support for the domestic wind power industry in the People’s Republic of China. According to US Trade Representative (USTR) Ron Kirk, the United States filed a request for consultations with China under the WTO Agreement’s dispute settlement provisions concerning China’s Special Fund for Wind Power Manufacturing program. This request is the first step in a potential WTO case.
Legal Update
17 December 2010
Mayer Brown Legal Update
The legislation on improving air quality by imposing energy efficiency requirements for Hong Kong buildings was gazetted on 3 December 2010. Effective date still to be announced and gazetted.
Legal Update
17 December 2010
Mayer Brown Legal Update
On Friday, December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853) (the Act). In addition to the widely publicized provisions impacting individuals, the Act contains several provisions intended to encourage investment in renewable energy and to stimulate business hiring, including a one-year extension for grants in lieu of tax credits (Grants) and a full expensing of certain equipment placed in service between September 9, 2010 and the end of 2011.
Legal Update
16 December 2010
Legal Update
10 December 2010
Tauil & Chequer Legal Update
On December 2, 2010, the Brazilian House of Representatives gave its final approval to the creation of a new regime for the exploration of the pre-salt reserves through the adoption of a production sharing agreement model (the “PSA regime”). The PSA regime was previously discussed in the Brazilian Senate, which approved the bill on June 10. Under the PSA Regime, Petrobras will own at least a 30 percent participating interest in every new venture within the pre-salt area, which is estimated to hold recoverable reserves of roughly 50 billion barrels of oil.
Legal Update
7 December 2010
Mayer Brown Legal Update
On December 6, 2010, the Supreme Court granted certiorari in American Electric Power Co. v. Connecticut, No. 10-174, to decide whether states and private parties can seek to impose emissions caps on greenhouse gases based on public nuisance claims under federal common law.
Article
1 December 2010
Article by Government & Global Trade partner David Bloom (Washington, DC), Banking & Finance partner Paul Forrester and Banking & Finance associate Nadav Klugman (both Chicago) discusses current issues facing US electric transmission planning, cost allocation and renewable enegy policies.
Legal Update
23 November 2010
Mayer Brown Legal Update
According to press reports, the Committee on Foreign Investment in the United States (CFIUS), an interagency governmental body with authority to review foreign acquisitions in the United States that may threaten to impair the national security, has asked Huawei Technologies Ltd. (Huawei), a Chinese telecommunications equipment firm, to seek approval for a May 2010 transaction involving the US firm 3Leaf Systems (3Leaf). Huawei and 3Leaf did not notify CFIUS before the transaction and did not seek CFIUS approval. CFIUS did not learn of the transaction until after its completion.
Legal Update
22 November 2010
Mayer Brown Legal Update
Through a combination of State and Federal policies, the United States has encouraged (and in some cases mandated) the development of renewable energy resources such as wind and solar generation of electricity. In 2009, 9,994 MW, or 39 percent, of all newly installed generating capacity was wind-powered; another 85 GW of wind generating capacity has been proposed for installation by the end of 2012.
Media Coverage
18 November 2010
CNNMoney.com
Houston Banking & Finance partner Kevin Shaw quoted in an article discussing the uncertain future of the American renewable energy industry.
Article
17 November 2010
Legal Update
11 November 2010
Mayer Brown JSM Legal Update
On 22 June 2010 the Vietnam Government issued Decree No. 70/2010/ND-CP detailing and guiding the implementation of the Law on Atomic Energy regarding nuclear power plants (Decree 70).
Legal Update
5 November 2010
Mayer Brown JSM Legal Update
On 15 June 2010 the Vietnamese Government issued Decree No. 68/2010/ND-CP on the sanctioning of legal breaches in the electricity domain (Decree 68). Decree 68 defines acts of breach and contemplates penalties against and remedies for such breaches.
Legal Update
3 November 2010
Mayer Brown Legal Update
An EU-wide framework for renewable energies was introduced in 2009 under the Renewable Energy Directive (Directive). This legislation created a legally binding commitment for Member States to achieve the Directive requirement that 20 percent of the European Union's overall energy consumption come from renewable sources by 2020.
News Releases
26 October 2010
Mayer Brown, a leading global law firm, announced today that veteran energy lawyer Toshi Yoshida has joined its Houston office as a partner in the Corporate & Securities practice and Energy industry group. He comes to Mayer Brown from Thompson & Knight.
Media Coverage
21 October 2010
Investigative Reporting Workshop (American University)
Washington, DC Tax Transactions partner Jeff Davis quoted in an article discussing the Obama administration’s claim that 50,000 jobs were created with its anti-recession stimulus plan.
Legal Update
18 October 2010
Mayer Brown Legal Update
The Office of the US Trade Representative (USTR) announced on October 15, 2010, that it has launched an investigation under Section 301 of the 1974 Trade Act to probe certain acts, policies and practices of the Government of China affecting trade and investment in the green technology sector. The USTR stated that they are going to thoroughly examine and verify the United Steelworkers Union’s (USW) claims, and noted that “[f]or those allegations that are supported by sufficient evidence and that can effectively be addressed through WTO dispute settlement, we will vigorously pursue the enforcement of our rights through WTO litigation.”
News Releases
15 October 2010
Leading global law firm Mayer Brown advised Guernsey-based Caparo Energy, which focuses on the India wind power market, on its recent £50.18 million placing of ordinary shares and related admission to trading on the London Stock Exchange’s AIM market. The placing involved 43,636,000 new shares, representing 26.7 per cent of its share capital, and gave the company a post-admission market capitalisation of approximately £188.2m.
Legal Update
15 October 2010
Mayer Brown Legal Update
The US Treasury Department (Treasury) and the National Renewable Energy Laboratory recently updated the application used to apply for grants in lieu of tax credits (Grants) under Section 1603 of the American Recovery and Reinvestment Act of 2009. Section 1603 established a program whereby an eligible person could, in lieu of claiming the production tax credit under Internal Revenue Code Section 45 or the investment tax credit under Internal Revenue Code Section 48, apply to Treasury for a Grant to reimburse the applicant for a portion of the cost of certain renewable energy projects.
News Releases
14 October 2010
Mayer Brown's global mining group has advised the lending group on the US$823 million project financing to Baja Mining Corp for the construction and development of the Boleo copper-cobalt-zinc-manganese project located in Baja California Sur, Mexico, one of the largest deals of this nature to come to market.
Legal Update
14 October 2010
Mayer Brown JSM Legal Update
On 14 June 2010, Prime Minister Nguyen Tan Dung signed Decision No. 45/2010/QD-TTg, promulgating the regulations on nuclear control (the Regulations) to tighten control over the using, storing, exporting and importing of nuclear materials and radiation sources by domestic and foreign organisations and individuals in the country (nuclear control activities).
Media Coverage
12 October 2010
Biomass Power & Thermal
Bylined article by Houston Banking & Finance partner Rob Goldberg discusses opportunities for biomass project developers offered by the government in the American Recovery and Reinvestment Act of 2009 and USDA's Biomass Crop Assistance Program.
Media Coverage
7 October 2010
Reuters
Houston Corporate & Securities partner Bob Gray quoted in an article discussing the effect of the BP oil spill on Apache, an oil and gas producer, and its acquisition of Mariner Energy.
Legal Update
7 October 2010
Mayer Brown Legal Update
On October 6, 2010, the US Federal Trade Commission (FTC) released proposed revisions to its guides for avoiding misleading environmental marketing claims. Last updated in 1998, the “Green Guides” are administrative interpretations that create safe harbors for marketing claims, but are not enforceable regulations.
Media Coverage
7 October 2010
Financial Times
Houston Banking & Finance partner Kevin Shaw quoted in an article discussing the lagging clean energy efforts in California due to the economy.
Legal Update
5 October 2010
Mayer Brown JSM Legal Update
To enhance the performance standards of water treatment facilities in the People's Republic of China (“PRC”), the Ministry of Housing and Urban-Rural Development (住房和城乡建设部) (“MOHURD”) promulgated in September 2010 the “Interim Measures on the Evaluation of the Urban Water Treatment” (城镇污水处理工作考核暂行办法) (the “Evaluation Rules”).
Media Coverage
4 October 2010
Financial Times
Houston Banking & Finance partner Kevin Shaw is quoted in a post discussing oil shale.
News Releases
4 October 2010
Mayer Brown
Mayer Brown, a leading global law firm, announced today that the 2011 edition of Chambers Latin America ranks the firm in the top band of the Latin America-Wide Projects category, and in three additional Latin America-wide practice categories: Banking & Finance, Capital Markets and Corporate/M&A. Mayer Brown also is ranked in Brazil in the Banking & Finance: Locally Based International Counsel and the Capital Markets: Locally Based International Counsel categories.
Legal Update
28 September 2010
Mayer Brown Legal Update
On September 27, 2010, President Obama signed into law the Small Business Jobs Act (H.R. 5297) (the Act ). The Act includes a number of tax incentives for business, such as bonus depreciation, Section 179 expensing and other targeted incentives for small business. The Act also includes several revenue raising provisions with broader application.
Legal Update
20 September 2010
Mayer Brown Legal Update
The Alien Tort Statute (ATS), which was enacted by the first Congress in 1789, has served as the primary vehicle in recent decades for class action lawsuits by foreign plaintiffs alleging human rights violations abroad by US and foreign corporations.
News Releases
20 September 2010
Mayer Brown, a leading global law firm, announced that its practices are ranked in 49 categories in the 2010 edition of Legal 500: UK including top tier rankings in Insurance & Reinsurance, Litigation and Mining & Minerals. The publication also lists 18 Mayer Brown lawyers as Leading Individuals in their practice areas.
Media Coverage
13 September 2010
Financial Times
Houston special counsel Steve Gates quoted in an article discussing new possible restrictions facing big oil companies. Subscription required.
News Releases
13 September 2010
Media Coverage
10 September 2010
Institutional Investor
First bylined article in a two-part series by Chicago Banking & Finance partner Paul Forrester and associate Nadav Klugman discusses the adoption of feed-in-tariffs (FiTs) by US states to stimulate renewable energy development. Subscription required.
Media Coverage
10 September 2010
ClimateWire
Washington, DC Government & Global Trade counsel Timothy Keeler quoted on the United Steelworkers’ complaint asserting that China aims to control the global clean energy market at the expense of U.S. jobs, and how the Obama administration will respond.
Media Coverage
9 September 2010
Bloomberg
Washington, DC Government & Global Trade counsel Timothy Keeler quoted on the issue of whether China is doing too much to help its companies expand clean-energy sales and therefore discriminate against foreign producers.
Media Coverage
6 September 2010
Latin Lawyer
Alexandre Chequer, Corporate & Securities partner at Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated, is quoted in an article discussing the availability of legal work that will result from the global stock offering of Petrobras. Subscription required.
Media Coverage
30 August 2010
BusinessWeek
Washington, DC Government & Global Trade partner David Bloom quoted in an article discussing the rise in acquisitions in the U.S. power industry this year.
Legal Update
27 August 2010
Mayer Brown Legal Update
Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, titled as the Wall Street Transparency and Accountability Act of 2010 (the “Act”), eliminates the exemption from regulation under the Commodity Exchange Act for most over-the-counter (OTC) energy derivatives; it imposes a new regulatory regime for OTC derivatives, which will, at a minimum, increase the transaction costs to US transportation companies, utilities, manufacturers, energy producers and other businesses actively hedging their exposure to fluctuating energy prices; and it could potentially subject some such businesses to the same increased regulatory oversight, including minimum capital requirements and minimum initial and variation margin requirements, as is mandated for those participants in the OTC derivatives market that qualify as “swap dealers” or “major swap participants.”
Legal Update
26 August 2010
Mayer Brown Legal Update
Under Resolution 41/2009/QH12 dated 25 November 2009, the Vietnamese National Assembly approved investment in the Ninh Thuan Nuclear Power Project, comprising two plants each having two turbines, to supply electricity to the national power grid. Both Ninh Thuan Nuclear Power Plant 1 and Ninh Thuan Nuclear Power Plant 2 will be located in Ninh Thuan Province. To implement this resolution, on 3 May 2010, Prime Minister Nguyen Tan Dung ("PM") signed Decision 580/QD-TTg ("Decision 580") to establish the State Steering Committee for the Ninh Thuan Nuclear Power Plant Project to be headed by Deputy PM Hoang Trung Hai ("State Steering Committee").
Legal Update
25 August 2010
Mayer Brown JSM Legal Update
A door has been opened for foreign companies to enter Vietnam's infant nuclear power industry with the Government announcing a series of nuclear power plants to be built before 2030. Under Decision 906/QD-TTg ("Decision 906") signed on 17 June 2010 by Prime Minister Nguyen Tan Dung approving the master planning orientation for development of nuclear power in Vietnam for the period up to 2030, Vietnam will build 14 nuclear power reactors with a total capacity of around 15,000-16,000 megawatts, accounting for 10% of the country's total electricity capacity.
Legal Update
18 August 2010
Mayer Brown JSM Legal Update
The China International Economic and Trade Arbitration Commission ("CIETAC") is one of the world's major arbitration forums, handling both domestic disputes and matters involving foreign parties. In fulfilling construction contracts, it is common for unforeseen circumstances to arise, giving occasion for disputes. In such situations, it is common practice for those involved to utilise arbitration over litigation due to the highly technical and complex nature of the issues involved, usually requiring some form of expert knowledge.
Legal Update
17 August 2010
Mayer Brown Legal Update
There has been both good and bad news for carbon capture and storage (CCS) in Illinois recently with two separate and significant positive developments and one negative development.
Legal Update
16 August 2010
Mayer Brown Legal Update
On July 28, 2010, Illinois Governor Pat Quinn signed Public Act 96-1348 (the Act). The Act amends the Illinois Public Utilities Act and permits a public utility to avoid otherwise applicable requirements to obtain a certificate of public convenience and necessity (CPCN) in order to do any of the following types of high voltage transmission projects (collectively, the Exempt HVSL Projects):
Legal Update
11 August 2010
Mayer Brown JSM Legal Update
Despite the rapid development of the wind power sector in the People's Republic of China ("PRC"), the PRC continues to idle a significant proportion of its overall wind power output due to power-grid constraints. In an effort to curb further the expansion of smaller-scale manufacturers in the wind power equipment manufacturing industry while encouraging the development of larger manufacturers, the Ministry of Industry and Information Technology ("MIIT"), the National Development and Reform Commission ("NDRC") and the National Energy Board ("NEB") have publicised a set of draft Standards for Access into the Wind Power Equipment Manufacturing Industry ("Draft Standards") on 26 March 2010.
Article
2 August 2010
Leasing as a method of big-ticket finance is not as popular as it once was. The decline in leasing’s popularity is due in part to the enactment of rules that eliminated the ability to offset leasing losses against other taxable income, and in part to other financing vehicles that accomplished similar goals.
Newsletter
2 August 2010
Mayer Brown Newsletter
In the third edition of Mayer Brown’s Global Energy Industry Review, we review recent amendments to the Renewable Energy Law in China and its impact on thermal power generations. We also provide commentary on the changing demand for LNG in Chile, the rise of Kurdistan as an attractive region for foreign investment and the changing dynamic of leasing finance.
Article
2 August 2010
China’s over-reliance on thermal power generation, especially coal-fired power stations, is well-documented. While nuclear power continues as an option to coal, China’s strides in renewable energy are unprecedented. Recent amendments to the Renewable Energy Law, first promulgated in 2006, attempt to rationalize the regulatory regime governing wind, solar, hydropower and biomass projects in China, currently fraught with inadequate interconnection and tariff shock issues.
Article
2 August 2010
Rising demands for power, depleting reserves of oil, gas and coal, international pressure for reduction of carbon emissions, advances in nuclear reactor technology, and more favorable cost projections are driving the increase in nuclear power in Asia. This article will focus especially on nuclear power development in India, China and Vietnam.
Article
2 August 2010
The Kurdistan Region of Iraq ("Kurdistan") is estimated by the US Geological Survey, to approximately 40 billion bbls of oil and 60 trillion cubic feet of gas, giving the region the potential to be a significant new global energy player. In light of Kurdistan's high oil & gas potential, its recognition under the Constitution, the production sharing contract model combined with the fact that it has proven to be relatively stable and secure compared to the remainder of Iraq, Kurdistan has emerged as an attractive region for foreign investment.
Legal Update
27 July 2010
Mayer Brown Legal Update
The US Federal Energy Regulatory Commission (FERC) and the electric industry continue to struggle with the issue of who should bear the costs of transmission upgrades and how related planning should be handled. A recent FERC filing addresses one set of proposals, while another recent filing sets the stage for further action.
Legal Update
22 July 2010
Mayer Brown JSM Legal Update
In 2004, Vietnam passed the new Electricity Law that outlines the development of a competitive electricity market in 3 phases: in Phase 1, it is contemplated that a competitive power generation market would be established; Phase 2 envisions the development of a competitive electricity wholesale market; and Phase 3 involves development of a competitive electricity retail market.
News Releases
16 July 2010