The U.S. oil and gas industry was certainly disrupted by Hurricanes Harvey and Irma, but those disruptions will be resolved fairly quickly, and the storms are not expected to have lasting effects on the oil and gas markets.
Historic flooding is expected to continue in Texas and Louisiana in the wake of Hurricane Harvey. Emergency responders are trying to save stranded people in Houston and across Texas, and on Aug. 28 emergency conditions were declared in Louisiana, where forecasts predict two feet of rainfall in some areas.
After losing in lower federal courts, the Southeast Louisiana Flood Protection Authority-East recently asked the U.S. Supreme Court to revive a lawsuit that seeks to hold oil, gas and pipeline companies financially responsible for damage to coastal wetlands.
A new state website has been launched to help Louisiana businesses connect with prime contractors for industrial, petrochemical and coastal restoration projects.
The oil and gas business can be a minefield of possible legal pitfalls, and oil companies, producers, operators and landowners need high-quality legal support and guidance to protect their interests.
If you're in the oil and gas business, whether as an oil company, an independent producer or operator, or a landowner, you know the importance of covering your legal bases if you want to make a profit.
St. Bernard Parish is now the fifth parish to sue oil and gas companies in Louisiana for alleged state law violations. (For some background on the issues, please see our previous post, "Dozens of Lawsuits Target Louisiana Oil and Gas Producers.")
Multiple administrative remedies exist to address environmental concerns in Louisiana's oil and gas industry. That means, instead of filing a costly lawsuit and taking a case to trial, parish and state officials can use administrative processes to resolve matters.
Six Louisiana parishes are now suing oil and gas companies for allegedly damaging coastal wetlands. Vermilion Parish is the latest to sue, with the lawsuit targeting 45 companies.