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Norton Rose Fulbright | Global | 31 Aug 2023
Future of oil and gas arbitration: impact of ESG policies on oil and gas disputes
As environmental, social and governance (ESG) concerns have gained prominence, many investors have adopted more stringent criteria to take into account ESG factors in their investment decisions. The stricter management of investments will have a direct impact on the oil and gas industry and will create new challenges and opportunities for dispute resolution.
Stewarts | United Kingdom | 31 Aug 2023
UK government considers reform of oil and gas taxation
At the Autumn Statement on 17 November 2022, the Chancellor announced a review of the UK’s oil and gas fiscal regime to reflect the changing face of…
Hunton Andrews Kurth LLP | USA | 23 Aug 2023
BSEE Announces New Well Control Rule
On August 22, 2023, the Department of the Interior (“DOI”) announced that the Bureau of Safety and Environmental Enforcement (“BSEE”) has issued the…
Fieldfisher | Belgium | 21 Aug 2023
Parliament takes lead in hydrogen transport with new Hydrogen Act
Parliament recently adopted the Hydrogen Act, a landmark piece of legislation that regulates the transport of green hydrogen through pipelines. This article reflects upon this legislation, highlighting its innovations and weaknesses.
ENSafrica | Namibia | 9 Aug 2023
Could personal income tax breaks ensure that all Namibians benefit from petroleum royalties?
Estimates suggest that the Namibian Government could receive close to USD106-billion (NAD2-trillion at the time of writing) from its petroleum…
Lexology PRO | South Africa | 12 Jul 2023
South African watchdog seeks excessive pricing fine amid jurisdictional dispute
South Africa’s Competition Commission has urged the country’s specialist antitrust tribunal to fine a gas monopolist for charging excessive prices, after a jurisdictional dispute relating to the energy regulator prevented the enforcer from fully investigating the alleged infringement.
Lexology PRO | United Kingdom | 3 Jul 2023
UK government vows to expose “rip off” retailers following CMA fuel probe
The UK government has promised to force retailers to publish accessible and up-to-date fuel pricing information after a market study by the national antitrust watchdog warned that weak competition has led to higher costs for drivers.
Lexology PRO | USA, Venezuela | 13 Jun 2023
Former top lawyer at PDVSA gets three-year prison sentence
DOJ prosecutors had recommended an eight-year prison term for Alvaro Nass after he pleaded guilty in March to receiving more than $11 million in bribes in a corruption scheme that took place between 2012 and 2017 at Venezuela’s state oil company.
Clayton Utz | Australia | 24 May 2023
Environment and Sustainable Development 5 Minute Fix 38: Resources
In 2018, the Scientific Inquiry into Hydraulic Fracturing, chaired by Justice Rachel Pepper, concluded in its final report that risks posed by the…
Russell McVeagh | New Zealand | 1 May 2023
NZ oil and gas sector – continued transition and regulatory framework
New Zealand's oil and gas industry continues to go through a period of transition, with changes made to the Crown Minerals Act 1991 in 2021 and proposed further amendments to the Act currently going through the select committee process. This article examines some of the regulatory details worth considering for parties applying for exploration permits or with existing permits.
