Dodd-Frank: what oil and gas companies need to know

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The impact on oil and gas companies varies depending on type of business, use of conflict minerals, foreign government payments, the derivatives transactions it engages in and how these transactions are used.

The Dodd-Frank Wall Street Reform Act was enacted in 2010 and reaches far beyond financial institutions. The most noteworthy sections of the Dodd-Frank Act affecting the oil and gas industry are: Title VII: Derivatives and over-the-counter swaps; Section 1502: Conflict minerals; and Section 1504: Foreign government disclosures.

We help define some of the many unknowns and help put the issues you need to know in context, making them understandable and practical for your business needs. Read our insights to know what lies ahead.

EY - SEC issues final rule on disclosure payments to governments

Oil & Gas Tax Alert - SEC issues final rule on disclosure payments to governments

On 27 June 2016, the Securities and Exchange Commission (SEC) issued a final rule (the Disclosure Rule) under section 1504 of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1504 directs the SEC to issue rules that require companies in extractive industries (oil, gas, and minerals) to include in an annual report information on payments made to foreign governments or the federal government.

EY - Pump jack, Alberta, Canada

Disclosing government payments for natural resource extraction

Our side-by-side comparison of three oil and gas reporting frameworks can help you understand requirements for natural resource extraction reporting.

EY - Dodd Frank, section 1504

Dodd-Frank section 1504: implications for oil & gas

Dodd-Frank and the Consumer Protection Act presents numerous challenges for the oil and gas industry. Get the facts and learn how we can help.

EY - Oil Wells

Understanding the effects and challenges of Section 1504

Read our primer on Section 1504 and understand the similarities between it and the Foreign Corrupt Practices Act (FCPA) and other similar country specific anti-bribery and corruption laws.

EY - Notional value: survey of energy commodities participants

Notional value: survey of energy commodities participants

Learn how companies are performing the required notional value calculations for a variety of instrument types for tests under the SD and MSP designations.

EY - Fuel Oil Supply Pipes at Power Plant

The Dodd-Frank Act: Key considerations for oil and gas companies

Learn how the Dodd-Frank Act may apply to oil and gas companies.

EY - Dodd-Frank implementation lessons

Dodd-Frank implementation lessons

Getting ready to implement Dodd-Frank? First, read this.

EY - SEC disclosure rules on payments by resource extraction issuers

SEC disclosure rules on payments by resource extraction issuers

Companies will have to disclose annually the type and amount of payments by project and by government for payments that equal or exceed $100,000.

EY - SEC disclosure rules on conflict minerals

SEC disclosure rules on conflict minerals

Companies have until 31 May 2014 to prepare their initial disclosures, but they may disclose that their products are "conflict undeterminable" for the first two years.

EY - Oil & Gas Alert: Update on Dodd-Frank and energy derivatives regulation

Think Dodd-Frank doesn't apply to you? Think again.

Quickly get up to speed on the basic aspects of the Dodd-Frank Act and how it could affect you.

EY - What Does Hedge or Mitigate Commercial Risk Mean?

What Does “Hedge or Mitigate Commercial Risk” Mean?

How will energy producers and consumers prove they are "commercial end users" under the Dodd-Frank Act?