Energie - pétrole et gaz

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  •  
    13/02/2024
    Hongrie

    Hungary makes changes to labour law, occupational health and safety at work

    Hungary has initiated a series of legislative amendments to laws governing labour, occupation health and safety at work, some of which already entered into force on 1 January 2024. Specifically, Hungarian lawmakers passed amendments to Act I of 2012 on the Labour Code, Act IV of 1991 on the Facilitation of Employment and Unemployment Benefits, and Act XCIII of 1993 on Occupational Safety and Health and certain OSH decrees.The following article outlines the changes to labour law in Hungary brought on by these amendments.1. Amendments to Act I of 2012 on the Labour Code and Act IV of 1991 on the...
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  •  
    09/02/2024
    Ukraine

    Ukraine launches State Register of Sanctions

    On 29 January 2024, the President of Ukraine by the Decree No. 36/2024, approved the Decision of the National Security and Defence Council of Ukraine “On Approval of the Regulation on the State Register of Sanctions”. On 1 February 2024, the National Security and Defence Council of Ukraine launched the State Register of Sanctions on its website. The Register provides free public access to up-to-date and reliable information on persons and entities subject to Ukrainian sanctions.The Register is available in Ukrainian and English, and consolidates information regarding Ukrainian sanctions...
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  •  
    07/02/2024
    Afrique du Sud

    New Draft Regulations on the Proposed Numerical Sectoral Targets

    On 1 February 2024, a second round of draft regulations on the Proposed Numerical Sectoral Targets ("February 2024 Regulations") were published for public comment in the Government Gazette. The February 2024 Regulations are currently open for comment for 90 days from the date of publication (ending on 2 May 2024).Under these regulations, the Minister of Employment and Labour ("Minister") can classify different national economic sector targets that will define which companies, that operate in South Africa, will be deemed "designated employers". The classification of a designated employer will be...
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  •  
    26/01/2024
    United Kingdom

    A “Move” to Annual Oil and Gas Offshore Licensing Rounds - The Offshore Petroleum Licensing Bill

    Under the recently introduced Offshore Petroleum Licensing Bill (the Bill), the North Sea Transition Authority (the NSTA) would have a new obligation to invite applications for new seaward area (oil and gas) production licences, annually.The Government hopes that such a requirement will provide certainty to the oil and gas industry, and increase investor confidence that licensing of the United Kingdom Continental Shelf (UKCS) offshore petroleum resources for exploration, development and production of hydrocarbons will continue.BACKGROUNDHistorically, offshore and onshore petroleum licences have...
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  •  
    23/01/2024
    United Kingdom

    Key oil and gas provisions of the Energy Act 2023 become effective from 11 January 2024

    The Energy Act 2023 (the “Energy Act”) received Royal Assent on 26 October 2023. The Energy Act has been years in the making and represents a significant step in the UK's efforts to achieve net zero emissions by 2050. Please see here for our previous article summarising the key areas covered by the Energy Act.Under the Energy Act 2023 (Commencement No 1) Regulations 2024 (the “Commencement No 1 Regulations”), certain provisions of the Energy Act of particular importance to United Kingdom oil and gas licence holders came into effect on 11 January 2024. Those provisions are...
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  •  
    23/01/2024
    United Kingdom

    OEUK Decommissioning Security Agreements – Default Provisions

    It is crucial to the operation of the arrangements set out in decommissioning security agreements (“DSA”) that parties post the required security within the timelines set out in the DSA as well as comply with their other obligations under the DSA. To enforce this requirement (and in common with many types of contracts), DSAs will include default provisions to cover various circumstances which may impact on the amount of availability of the security provided under the contract.The consequences of default when such circumstances arise differ depending on the specific terms of the provisions....
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