Energiewirtschaft - Öl und Gas

Aktuelle eAlerts

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  12/04/2024

  United Kingdom

  NSTA releases much needed guidance on measurement of carbon dioxide and the content of Carbon Storage Permit Applications

  The North Sea Transition Authority (“NSTA”) is responsible for offshore carbon storage licensing and permitting in relation to the UK Continental Shelf (UKCS). Following the successful initial carbon storage licensing round in 2022, there are now over 21 offshore carbon storage licences in the UKCS. Only a limited number of these relate to the Track 1 and Track 2 CCS cluster projects which are expected to be now working towards key investment decisions. There remains significant uncertainty surrounding what the NSTA expects to receive from carbon storage licensees (including the Track...

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  12/04/2024

  International

  Oil & Gas: English court restrains foreign JOA proceedings in breach of arbitration provision

  In The Shell Petroleum Development Company of Nigeria Limited v Sunlink Energies and Resources Limited [2023] EWHC 3135 (Comm), the English Commercial Court demonstrated its willingness to ensure that a joint operating agreement’s arbitration provisions were preserved, and backed by real action by the court for a party seeking to circumvent them.BackgroundThe claimant, Shell Petroleum Development Company of Nigeria Limited (“SPDC”), and the defendant, Sunlink Energies and Resources Limited (“Sunlink”), were parties to a 2005 Joint Operating Agreement (the “JOA”)...

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  03/04/2024

  Ukraine

  Register of Damage for Ukraine is open for claims submission

  On 2 April 2024, the Register of Damage for Ukraine opened the claims submission process for compensation for damage, loss or injury caused by Russian aggression against Ukraine. The launch took place as part of the Ministerial Conference "Restoring Justice for Ukraine" co-hosted by the Netherlands, Ukraine and the European Commission at the World Forum in The Hague.As a reminder, the official website of the Register of Damage for Ukraine was launched on 4 March 2024. The website contains the following:documents governing the work of the Register;answers to frequently asked questions on the Register’s...

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  28/03/2024

  United Kingdom

  Towards Net Zero: The OGA Plan

  The NSTA has, for the first time, introduced an OGA Plan, setting out its views as to how the UKCS oil & gas industry should meet the obligations in the OGA Strategy that require relevant persons to carry out their regulated activities in such a way as to assist the UK government in meeting the target of net zero carbon emissions by 2050. In particular, it outlines the steps that the NSTA thinks are necessary to continue reducing greenhouse gas emissions from oil and gas production, continuing the NSTA’s focus on reducing the emissions from production activities as far as possible.The...

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  13/03/2024

  International

  After EU Commission's first decision on Carbon Contracts for Difference, Germany initiates bidding of EUR 4bn

  The European Commission approved the first Carbon Contracts for Difference (CCfD) scheme under the new Guidelines on State aid for climate, environmental protection and energy 2022 (CEEAG).Following the Commission's decision, on 12 March 2024 the German Federal Ministry for Economic Affairs and Climate Protection (BMWK) initiated the first bidding process with a total volume of EUR 4bn. With this funding scheme, Germany is taking a pioneering role in Europe and internationally in the field of state aid for climate protection. Concept of contracts for differenceA contract for difference entitles...

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  05/03/2024

  Ukraine

  Ukraine further simplifies procedure for changing land-plot designations for energy and industrial construction

  On 6 February 2024, the Ukrainian parliament passed Law No. 3563-IX “On Amendments to Certain Legislative Acts of Ukraine to Engage Investments for the Purpose of Quick Rebuilding of Ukraine”. On 26 February 2024, the President of Ukraine signed this draft legislation into law.This law builds upon previous legislative initiatives aimed at simplifying procedures related to changing the designated purpose of land. In 2022, parliament streamlined the process for changing the designated purpose of lands for relocated enterprises, river ports and critical infrastructure.By enacting Law No....

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