Nicholas Antonas at Akin Gump Strauss Hauer & Feld LLP

The Upcoming UK Hydrogen Strategy – What to Expect

The Financial Times has reported that the United Kingdom’s highly anticipated and delayed hydrogen strategy is due to be published next week. The strategy should offer clarity as to the specific policies that will be put in...more

7/29/2021 / Climate Change , Electricity , Energy Projects , Energy Sector , Hydrogen Power , Natural Gas , Oil & Gas , Renewable Energy , Strategic Planning , UK

UK’s Post Brexit Emissions Trading Scheme Goes Live

As a consequence of Brexit, the United Kingdom also left the European Union Emissions Trading System (EU ETS). The U.K.’s replacement cap and trade program, the U.K. Emissions Trading Scheme (U.K. ETS), went live on Wednesday...more

5/26/2021 / Carbon Emissions , Carbon Taxes , Emissions Trading System , EU , Greenhouse Gas Emissions , UK Brexit

UK Extends Mandatory TCFD Climate Disclosures Beyond Premium Listed Companies to All Large Companies and LLPs

TCFD Mandatory Disclosures - The UK Department for Business, Energy & Industrial Strategy (BEIS) has published a Consultation on requiring mandatory climate-related financial disclosures by large publicly quoted companies,...more

4/1/2021 / BEIS , Climate Change , Corporate Governance , Disclosure Requirements , Environmental Social & Governance (ESG) , Task Force on Climate-related Financial Disclosures (TCFD) , UK

The Coming Decommissioning Wave in Southeast Asia: What to Expect and the Relevance of Experiences in the North Sea and U.S. Gulf...

Southeast Asia appears set to become the next key market in the decommissioning of offshore oil and gas assets. With an estimated 200 offshore fields likely to stop producing by 2030, comprising more than 1,500 platforms and...more

3/26/2020 / Asia , Decommissioned Facilities , Energy Market , Environmental Assessments , Environmental Liability , Environmental Policies , Gulf of Mexico , Offshore Drilling , Oil & Gas

Petroleum Licenses in the UK: Contract or Regulation?

Under the Petroleum Act 1998, the Secretary of State is authorized to grant licenses for the exploitation and production of hydrocarbons. The legal characteristic of such licenses has been an open question. If petroleum...more

9/26/2017 / Energy Sector , Fracking , Hydrocarbons , Licenses , Oil & Gas , Petroleum , Secretary of State , UK , Ultra Vires

New Regulator, New Rules: The OGA’s Decommissioning Costs Estimates for the UKCS

A recent report on decommissioning provides up-to-date predictions for the future costs of dismantling infrastructure in the United Kingdom Continental Shelf. It is the first financial estimate by the Oil & Gas Authority...more

7/1/2017 / Decommissioned Facilities , Infrastructure Financing , Oil & Gas , Outer Continental Shelf , Regulatory Requirements , Surveys , Tax Relief , UK

2016 Review: Developments In The Regulation of The UK Continental Shelf

A significant development occurred in the United Kingdom’s oil and gas industry on 1 October 2016. The Oil & Gas Authority (OGA), the industry regulator, was converted from an executive agency of the government to a company...more

12/19/2016 / Oil & Gas , Regulatory Agencies , Regulatory Agenda , UK

UK 2015 Budget – Changes to the North Sea Tax Regime

In a move designed to breathe life into the United Kingdom’s North Sea oil and gas industry, the United Kingdom’s Chancellor of the Exchequer has announced a suite of tax cuts as part of the 2015 Budget. The cuts are a...more

4/10/2015 / Corporate Taxes , Oil & Gas , Tax Cuts , UK

Will plunging oil prices increase energy M&A?

The recent sharp fall in oil prices, which has seen Brent crude oil and US crude oil both fall below $50 a barrel, has shocked the oil industry. Growing US shale production and high Organisation of the Petroleum Exporting...more

1/15/2015 / Energy Sector , Oil & Gas , OPEC

Nicholas Antonas

Akin Gump Strauss Hauer & Feld LLP

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