Archives: Oil and Gas

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US government sanctions Petróleos de Venezuela, authorizes US persons to engage in certain limited transactions

By: Ignacio E. Sanchez and Melanie Garcia The United States government has issued new sanctions in response to the growing unrest in Venezuela. On January 23, the United States recognized Juan Guaido as the new interim President of Venezuela. Nonetheless, Nicolas Maduro has refused to step down. US Secretary of State Mike Pompeo stated that … Continue Reading

New Rules for Bidding Rounds of Production Sharing Agreements – Regulation of Petrobras’ Priority Rights

Brazil’s Decree No. 9,041/2017, which is now in force, regulates Law No. 13,365/2016, which changed the current criteria for investments and operations in the Brazilian pre-salt areas. Such alterations came at a critical moment and it is expected that they will help to attract foreign investments. The Brazilian government recently authorized and defined the areas … Continue Reading

DLA Piper’s Implications of Oil Price Fluctuations Teleconference Series

On September 8, 2016, we hosted a teleconference to discuss the legal outlook for companies operating in the energy sector in Mexico. Javier Estrada, former Commissioner with the National Hydrocarbons Commission (CNH) and the Energy Regulatory Commission (CRE) was joined by DLA Piper partner Marcelo Páramo and DLA Piper’s Global Co-Chair of Energy and Co-Chair … Continue Reading

Supreme Court of Argentina suspends natural gas price increases for residential users || Corte Suprema de Argentina suspende aumentos de tarifas de gas para usuarios residenciales

The Supreme Court of Justice of the Republic of Argentina has issued a decision suspending rate increases on natural gas service throughout Argentina for residential users. The increases had been approved as a part of substantial energy and financial reforms undertaken by the Macri administration to promote investment in aging infrastructure. The Court’s ruling delays … Continue Reading