News & Analysis as of

Licenses United Kingdom Energy Sector

BCLP

Q1 2024 UK Oil and Gas Sector Update

BCLP on

The Energy Act 2023 (the “Act”) (in force as from 26 October 2023) amends model clauses contained in exploration and production licences to introduce requirements for consent to be obtained from the North Sea Transition...more

White & Case LLP

Ofgem opens the door for third party finance providers to participate in the Supplier of Last Resort process

White & Case LLP on

The week between Christmas and New Year is not, traditionally, a time when Ofgem pushes out consultations on licence modifications. Nevertheless, on 30 December 2021, just such a consultation appeared. Perhaps, given the year...more

Akin Gump Strauss Hauer & Feld LLP

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

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