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Force Majeure Clause Oil & Gas Energy Sector

Oliva Gibbs LLP

The Force (Majeure) May Not Be So Strong in This One

Oliva Gibbs LLP on

In a recent lawsuit, an oil producer claims significant monthly losses due to a forced pipeline shutdown, alleging the pipeline company violated their contract by failing to adhere to U.S. laws and ensure operational...more

Troutman Pepper

Energy Contracting and the Hidden Power of the Force Majeure Clause - Energy Law Insights

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The energy sector is currently undergoing seismic change and with that change comes tremendous opportunity. Our energy video series, which features nationally recognized Troutman Pepper partners as they discuss a vast array...more

Bradley Arant Boult Cummings LLP

Contextual “Construction” of Force Majeure Clauses

The Texas Supreme Court recently provided new guidance in interpreting force majeure language in an oil and gas drilling dispute. In Point Energy Partners Permian, LLC v. MRC Permian Company, the court held that the oil and...more

Eversheds Sutherland (US) LLP

Why a decision out of Texas might have changed what qualifies as a force majeure event

MIECO LLC v. Pioneer Nat. Res. USA, Inc. - May a seller of energy invoke force majeure to excuse its non-performance under a delivery contract – a contract that obligates the seller to deliver a particular quantity of...more

Hicks Johnson

Three Steps Oil and Gas Producers Should Take Now

Hicks Johnson on

In the wake of President Joe Biden’s executive order revoking the Keystone XL pipeline permit, oil and gas producers are bracing for additional actions. In fact, environmental and activist groups are already targeting oil and...more

White & Case LLP

Resolution whereby the Mexican National Hydrocarbons Commission establishes several measures in order to promote the development...

White & Case LLP on

On August 3, 2020, the National Hydrocarbons Commission (the "CNH") published through the Federal Official Gazette, the resolution whereby the CNH establishes several measures in order to promote the development of petroleum...more

Locke Lord LLP

Pulling the Trigger on Force Majeure: An Update from the Midstream Energy Perspective

Locke Lord LLP on

Last month we provided a Locke Lord LLP QuickStudy outlining Texas law on force majeure in light of COVID-19 and the oil price war. While the price war may have reached a cease-fire, the pandemic and its effect on the global...more

Akin Gump Strauss Hauer & Feld LLP

Maintaining Your Lease When There’s Nowhere to Send Your Oil

- Industry analysts are forecasting that the surplus of oil produced over oil needed may soon exceed available storage. Producers that were already reducing production due to low prices are now feeling pressure to completely...more

Bracewell LLP

Force Majeure and Material Adverse Change in Reserve Based Lending (RBL): When Two Black Swans Collide

Bracewell LLP on

A “black swan event” is an unpredictable event that is beyond what is normally expected and which has potentially severe consequences. Black swan events are characterised by their rareness and severity....more

McAfee & Taft

COVID-19: Energy contracts and force majeure

McAfee & Taft on

Although oil and gas companies were not required to suspend operations under Oklahoma Gov. Kevin Stitt’s Executive Memorandum of March 25, 2020, the spread of COVID-19 has presented previously unforeseen challenges to the...more

BakerHostetler

Energy Contracts: In-House Counsel, Force Majeure, and the COVID-19 Pandemic

BakerHostetler on

COVID-19 is disrupting contracts in our energy industries, impacting electric power and petroleum, and both product providers and service providers. Contracts will be breached. The phrase “force majeure” will be top of mind. ...more

White & Case LLP

COVID-19 and force majeure under LNG sale and purchase agreements

White & Case LLP on

The coronavirus outbreak has to date had far reaching effects on the global economy, and the LNG industry is no exception. One question at the forefront of the minds of both sellers and buyers of LNG has been the availability...more

King & Spalding

Energy Newsletter - March 2020

King & Spalding on

Disrupting the Disruptor: How a Prepared and Proactive Owner Can Mitigate the Effects of Coronavirus on Construction Projects - Once a remote health issue in China, the rapidly spreading coronavirus (COVID-19) has become...more

King & Spalding

Coronavirus and Force Majeure Declarations

King & Spalding on

The world braces for the effects of the outbreak on global supply chains. Roughly three weeks after the World Health Organization declared the coronavirus to be a “public health emergency of international concern,” the...more

K&L Gates LLP

COVID-19: U.S. Oil and Gas Upstream Supply Chain Disruptions and Force Majeure

K&L Gates LLP on

The COVID-19 global pandemic and the decline of oil and gas prices have added stress and economic uncertainty to a strained oil and gas industry....more

Foley & Lardner LLP

Managing the Commercial Impact of the Coronavirus: Implications for the Energy Industry

Foley & Lardner LLP on

The coronavirus (provisionally named SARS-CoV-2, with its disease being named COVID-19) has now been documented in more than 100 countries and territories. Over 110,000 cases have now been documented across the globe,...more

Pillsbury Winthrop Shaw Pittman LLP

Coronavirus and Force Majeure in English Law

- Under English law, force majeure clauses in contracts may allow parties to avoid their performance obligations in certain extreme circumstances, as defined by the contract. - It is unlikely that a low demand for LNG in...more

K&L Gates LLP

Coronavirus Force Majeure Declarations by LNG Buyers: a Negotiating Tool or a Legitimate Case of Force Majeure for LNG SPAs...

K&L Gates LLP on

Before the COVID-19 coronavirus outbreak, Asian spot liquefied natural gas (LNG) prices were already at historic lows due to a warm winter and oversupply. Now, with multiple Chinese cities under quarantine, drops in local...more

Akin Gump Strauss Hauer & Feld LLP

Coronavirus/Covid-19 and "Force Majeure" Under Long-Term Asian LNG Contracts

The increasing divergence between oil prices and spot liquefied natural gas (LNG) prices has created strong incentives for Asian buyers under long-term LNG contracts to seek price adjustment and other forms of LNG contract...more

Gray Reed

Hurricane Harvey and Oil and Gas Operations – What To Do

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In light of the adverse effects the storm, floods and tornadoes will have on oil and gas production, transportation and processing operations, we offer several bits of advice: Force majeure - Winds and floods are among...more

Gray Reed

New York Fracking Ban: Insult Followed by Injury

Gray Reed on

Political actions have consequences. A force majeure clause in New York oil and gas leases does not modify the primary term of the habendum clause and the leases are not extended because of the state ban “moratorium” on...more

Cozen O'Connor

Seller’s Invocation of Force Majeure Under NAESB Contract Rejected by NJ Appellate Division

Cozen O'Connor on

In a case of first impression that interpreted the force majeure provisions of an industry contract form promulgated by the North American Energy Standards Board (NAESB), Cozen O’Connor prevailed on behalf of plaintiff when,...more

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