Energy - Oil & Gas

Recent Articles

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  13/05/2025

  England and Wales

  Interim orders in de­com­mis­sion­ing plan challenge

  The recent decision in R (on the application of Nobel Oil E&P North Sea Ltd) (“Nobel”) v Oil and Gas Authority (trading as the North Sea Transition Authority) (“NSTA”) addressed the court’s jurisdiction to grant a stay of the approval process for a decommissioning programme under the Petroleum Act 1998 in the context of judicial review proceedings and the circumstances in which a cross-undertaking in damages is required in the context of such an application for interim relief.BackgroundNobel sought a stay to prevent the approval by OPRED of a decommissioning programme...

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  14/04/2025

  England and Wales

  Opportunities and Challenges in the UK's Hydrogen Market: Key Takeaways from the OEUK Hydrogen Insight 2025

  Introduction Offshore Energies UK (“OEUK”) has published its first Hydrogen Insight 2025 Report (the “Report”) on the opportunities and challenges in the UK’s emerging hydrogen market.  We summarise the key takeaways from the Report below to assist key stakeholders within the hydrogen sector in the UK (or those looking to invest in the UK) in navigating this evolving landscape.The Role of Hydrogen in Achieving Net ZeroHydrogen is poised to play a crucial role in the UK's (and many other countries’) journeys towards net zero emissions by 2050 (see the...

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  14/02/2025

  United Kingdom

  Supreme Court provides guidance on the in­ter­pret­a­tion of double tax treaties

  The Supreme Court has handed down judgment in an appeal concerning the allocation of taxing rights between the UK and Canada. The case relates to income earned from the sale of oil found in the UK continental shelf in the North Sea. The appeal concerned the application of the UK/Canada double taxation treaty (the DTT) and whether the UK had a right to charge to tax payments made by BP Petroleum Development Ltd (BP) to Sulpetro and Royal Bank of Canada (RBC). The majority found in favour of RBC that the relevant payments were not subject to corporation tax.BackgroundSulpetro Ltd was an international...

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  11/02/2025

  Ukraine

  Ukraine restores mandatory greenhouse gas emissions reporting

  On 8 January 2025, the Ukrainian parliament adopted a Law of Ukraine No.4187-IX «On Amendments to Certain Legislative Acts of Ukraine on the Restoration of MRV of GHG Emissions» (Law No. 4187) that aims to put again in force the mandatary registration and reporting requirements in the field of Greenhouse Gas (GHG) emissions established by the Law of Ukraine No.377-IX «On Principles of MRV of GHG emissions» dated 12 December 2019 (Law No. 377).BackgroundBack in January 2021, Ukraine introduced a System of Monitoring, Reporting and Verification (MRV) of GHG emissions, an important...

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  05/02/2025

  United Kingdom

  The Department for Energy Security & Net Zero responds to the second REMA Consultation

  1. REMA Autumn UpdateAmongst the flurry of other policy announcements and consultations, DESNZ published their autumn update on the Review of Electricity Market Arrangements (REMA) in December 2024 (“Autumn Update”) together with a summary of consultation responses to the previous REMA consultation. The Autumn Update provides an update on feedback gathered from the second REMA Consultation of March 2024, and ongoing dialogue with stakeholders. This update is crucial for stakeholders as it outlines potential changes to wholesale market pricing and the Contracts for Difference (CfD) scheme,...

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  27/11/2024

  England and Wales

  Energy: The meaning of 'Value' and waiver of termination rights

  In URE Energy Ltd v Notting Hill Genesis [2024] EWHC 2537 (Comm), the English Commercial Court was required to determine the meaning of the word ‘value’ in a termination remedies clause. As the word is widely used in oil and gas, and power contracts the approach of the court will be of interest to energy practitioners. The decision also provides a useful insight into what events may be needed to inadvertently waive a right to terminate. FactsURE Energy Ltd (“URE”) is an energy company. Notting Hill Genesis (“NHG”) is a publicly funded charitable organisation.On...

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