Goldman Sachs Bullish On Energy Sector Recovery
CNNMoney reports that Goldman Sachs believes the oil and gas industry is set to make a comeback in 2017.
UPDATE: Stay of Bureau of Land Management Fracking Rule Vacated by Tenth Circuit
On Wednesday, the Tenth Circuit Court of Appeals vacated the stay the United States District Court of Wyoming had placed on a Bureau of Land Management rule regulating hydraulic fracturing.
Proposed Rule to Increase Federal Oversight of Liquid Petroleum Oil Transport
The Pipeline and Hazardous Materials Safety Administration (PHMSA) has published a proposed rule in the Federal Register this week that will broaden federal oversight of rail transportation of liquid petroleum oil.
Union Pacific Seeking Immediate Appeal of Order Determining Land Use Rights in California
Union Pacific is urging the United States District Court for the Central District of California to allow the company to receive an appeal of District Court Judge James Selna’s order ruling that congressional land grants to the railroad were provided only to further railroad purposes, not to grant easements for pipelines or to collect rent for the easement usage.
Reliance Petroleum Corp. Must Defend Third Party Claims in $80 Million Class Action
The United States District Court for the Eastern District of Louisiana has denied Reliance Petroleum Corp.’s motion to dismiss third-party claims Texas Brine Co. filed against the oil company.
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