Related insights: Oil and Gas
Non-executive directors jointly and severally liable for £1.7 million whistleblowing claim by ex-CEO
03 Aug 2017
In International Petroleum Ltd and others v Osipov and others (UKEAT/0058/17/DA and UKEAT/0229/16/DA), the Employment Appeal Tribunal held that two non-executive directors of an oil and gas company were jointly and severally liable with the company for a £1.7 million whistleblowing claim brought by its former CEO.
English law in foreign legal transactions
20 Jun 2017
Whilst there is much focus within the UK, and Europe, on Brexit, there is also focus on the position of the UK, and London, as an international trading centre, which is less reliant on Europe and the EU. Indeed, it is perhaps London's international status which is both a reason for Brexit, and also its economic survival and prosperity following Brexit. An essential component is English (and Welsh) law and lawyers practising that law, so that London and the UK has become a magnet for international legal transactions. Within our oil and gas team, advising on international transactions is forming an increasing part of our legal work, in jurisdictions throughout the world, but particularly Africa and the Middle East. English law is viewed as rational and predictable, as (in the main) are the lawyers who make decisions on matters governed by it.
Star Polaris v HHIC-Phil Inc: a consequential ruling for a consequential loss
18 Jun 2017
"Consequential Loss" has had a clearly defined meaning since the case of Hadley v Baxendale in 1854 but that has now changed with the ruling in Star Polaris v HHIC-Phil Inc ([2016] EWHC 2941 (Comm)) where the High Court has given a broader meaning to the term "consequential loss".
New opportunities for the oil and gas sector found in the low carbon transition
16 Jun 2017
At a recent event in Aberdeen, Sir Ian Wood urged the oil and gas sector to diversify now to avoid North East Scotland becoming an oil and gas ‘Museum’.
He was speaking at the Annual Meeting of Opportunity North East (ONE), on the 27 March and offered the North East of Scotland a choice between a ‘Museum’ scenario of stagnation and decline, or a ‘Renaissance’ scenario of diversification of the region’s oil and gas focused economy into other sectors.
He was speaking at the Annual Meeting of Opportunity North East (ONE), on the 27 March and offered the North East of Scotland a choice between a ‘Museum’ scenario of stagnation and decline, or a ‘Renaissance’ scenario of diversification of the region’s oil and gas focused economy into other sectors.
Bond Dickinson advises on multi-billion dollar oil and gas deal
01 Feb 2017
Bond Dickinson LLP, alongside Dechert LLP, has advised Chrysaor, the UK oil & gas independent, on a multi-billion dollar deal as it acquires a package of UK North Sea assets from oil giant Shell.
Energy Act 2016: key points for UKCS oil companies
09 Jan 2017
The Infrastructure Act, the Energy Act and the MER Strategy have transformed the face of oil and gas regulation in the UK.
The new UK Energy Act received Royal Assent on 12 May 2016. Together with Sections 41 and 42 of the Infrastructure Act 2015, the Energy Act constitutes the statutory implementation of the influential Wood Review.
The new UK Energy Act received Royal Assent on 12 May 2016. Together with Sections 41 and 42 of the Infrastructure Act 2015, the Energy Act constitutes the statutory implementation of the influential Wood Review.
MER Strategy: Disputes and Sanctions
14 Jul 2016
The non-binding dispute resolution process, and sanctions provisions, provided for in the Energy Act 2016 give teeth to the MER Strategy. If a MER Party, or the OGA, considers that another MER Party has failed to comply with any binding principle of the Strategy, that MER Party, or the OGA, can instigate non-binding dispute resolution procedure pursuant to Part 2 Chapter 2 of the Energy Act 2016.
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