Tag Archives: Energy and Natural Resources

FERC Clarifies Prohibition on Buy/Sell Arrangements

At the request of Rice Energy Marketing LLC, the Federal Energy Regulatory Commission (FERC), on Oct. 15, 2015, issued a Declaratory Order that clarified the extent to which releases of capacity to asset managers are exempt from FERC’s prohibition on buy/sell transactions. As clarified, the exemption extends to volumes of gas purchased from the releasing … Continue Reading

FERC ALJ Initial Decision Finds Manipulation in BP America, Inc., et al.

Initial Decision Overview On May 15, 2014, FERC set a hearing to address whether BP violated FERC’s anti-manipulation rules and Section 4A of the NGA and to make certain factual findings regarding the application of the FERC’s Penalties Guidelines.[1] After hearing (and nearly seven years since the alleged violations), and consistent with the OE’s allegations, … Continue Reading

UPDATE: U.S. Department of Transportation Issues Emergency Order Requiring Additional Testing and Stricter Rail Transportation Requirements for Crude Petroleum

Just days after issuing a stringent, yet confusing Emergency Order on the transportation of petroleum crude oil by rail, the United States Department of Transportation (DOT) issued a superseding Amended Emergency Order, dated March 6, 2014, which backtracks and reduces the stringency of its original February 25, 2014 Emergency Order. In its Amended Order, DOT … Continue Reading

U.S. Department of Transportation Issues Emergency Order Requiring Additional Testing and Stricter Rail Transportation Requirements for Crude Petroleum

Any person who offers petroleum crude oil for transportation or who transports bulk petroleum crude oil by rail must comply with a new Emergency Order issued by the United States Department of Transportation (DOT) on February 25, 2014. The Order is effective immediately and is just one of the actions that DOT has taken in … Continue Reading
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