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United Kingdom Oil & Gas Offshore Drilling

BCLP

Autumn Budget 2024: Key Takeaways for the UK’s Energy Sector - Part Two

BCLP on

On October 30 2024, the Labour government delivered their first Budget since 2010. The Budget introduced some key changes for the energy industry, including the Energy Profits Levy and Relief for payments made into a Carbon...more

Bracewell LLP

Offshore Petroleum Licensing Bill: Energy Security at the Forefront of the Government’s Legislative Agenda

Bracewell LLP on

On 7 November 2023, the Offshore Petroleum Licensing Bill (the Bill) was announced as part of King Charles III’s “King’s Speech”, outlining the UK Government’s legislative agenda for the upcoming UK parliamentary session. If...more

Bracewell LLP

Decommissioning Oil and Gas Wells in the UK – High Court Delivers Important Judgment with Ramifications for M&A Deals and the...

Bracewell LLP on

In the recent case of Apache UK Investments Limited v Esso Exploration and Production UK Limited [2021] EWHC 1283 (Comm), the English High Court has delivered an important ruling which addresses the extent to which a prior...more

Carlton Fields

In Deepwater Horizon Arbitration, UK Appellate Court Declines to Remove Arbitrator with Multiple Related Appointments

Carlton Fields on

The underlying case concerned the 2010 explosion and fire on the Deepwater Horizon oil rig in the Gulf of Mexico, when a well which was in the process of being plugged and temporarily abandoned, experienced a blow out....more

King & Spalding

Energy Newsletter - February 2018

King & Spalding on

Developing an FSRU Project in New Markets: 10 Key Considerations - As at 1 July 2017, the total number of operational floating storage and regasification units (“FSRUs”) globally stood at 26, with 23 operating as terminals...more

Orrick, Herrington & Sutcliffe LLP

North Sea Decommissioning - The Challenges Ahead

Where are we now? It all sounds simple enough. The dual objectives of the UK government today in relation to petroleum production from the North Sea are to maximise the economic recovery from domestic reserves and, once...more

Orrick, Herrington & Sutcliffe LLP

Brent - Life on the Road Again

2017 will see the start of the process of decommissioning the iconic Brent oil production platforms in the UK sector of the North Sea. The first of the four Brent platforms, Brent Bravo, first started producing oil from the...more

Latham & Watkins LLP

New Oil and Gas Decommissioning Strategy Published by UK Oil and Gas Authority

Latham & Watkins LLP on

Sustained investment in offshore platforms and production installations has been critical in securing the UK’s energy supply. Despite ongoing oil price volatility, in 2016 and 2017 £3-4 billion of capital per year is...more

Orrick, Herrington & Sutcliffe LLP

UK Shale: Fracking is Given the Green Light

Recent developments in fracking in the UK - On 23 May 2016, the North Yorkshire County Council voted in favour of an application by Third Energy to extract shale gas from an existing onshore gas well in northeast England...more

King & Spalding

Energy Newsletter - April 2016

King & Spalding on

Managing In-Project Disputes in Major Construction Projects - What do you do when an unforeseen event threatens to increase the costs or time necessary to complete a major construction project? At first, it may seem...more

King & Spalding

Energy Newsletter - June 2015

King & Spalding on

In This Issue: - The "Preliminary Agreement" – Framing or Frustrating the Deal? - Recent Maritime Cases Illustrate the Different Legal Risks Involved with Conducting Offshore Oil and Gas Operations - Texas...more

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