If this email is not displayed correctly please click here

Energy & Natural Resources

December 18 2017
Frode Vareberg Parent company guarantee requirement for future decommissioning cost in corporate transfers on NCS

Norway - Simonsen Vogt Wiig Advokatfirma

In 2016 the Ministry of Petroleum and Energy announced that in all future corporate transfers subject to ministry approval it would consider requiring security from the seller establishing a secondary liability for future decommissioning costs. The ministry will require any seller of a licensee or of a licensee's parent company to provide an unlimited parent company guarantee. However, questions have been raised about the robustness of the security achieved by the guarantee.

Author: Frode Vareberg
Read more
Valerie Allan OGA consults on funding UK National Data Repository through OGA levy

United Kingdom - CMS Cameron McKenna Nabarro Olswang LLP

The Oil and Gas Authority (OGA) recently opened a consultation seeking views from the oil and gas industry on its proposal to increase the levy (which is payable by all offshore petroleum licensees and is its primary source of funding) to support the creation and then maintenance of a UK National Data Repository. The OGA proposes that the increased levy will be balanced through the removal of the corresponding common data access limited membership fees, resulting in an overall neutral cost to the industry.

Authors: Valerie Allan, Judith Aldersey-Williams
Read more

Recent updates

Phillip Ashley Oil and gas JOA defaults: English Court of Appeal upholds restraint of remedies

United Kingdom - CMS Cameron McKenna Nabarro Olswang LLP

Authors: Phillip Ashley, Randall Walker, Matthew Culver, Steven Wilson
Joana Alves de Abreu Government approves decree-law on private service electrical facilities

Portugal - Morais Leitão, Galvão Teles, Soares da Silva & Associados

Authors: Joana Alves de Abreu, Ana Robin de Andrade
Federico Godoy Latest round of renewable energy tender process success

Argentina - Beretta Godoy

Author: Federico Godoy
Adri Yudistira Dharma New Bill on Palm Oil: incentive package for businesses

Indonesia - Ali Budiardjo, Nugroho, Reksodiputro

Authors: Adri Yudistira Dharma, Putri Wulandari
Mohamed Y Alem Resolving energy disputes under model exploration and production agreement

Lebanon - Alem & Associates

Authors: Mohamed Y Alem, Mazen Ghosn, Jana Tebbo
Lin Shile Supreme Court issues judicial interpretation to regulate mining rights allocation

China - Broad & Bright

Authors: Lin Shile, Meili Tan
Mauricio Lievana Enel enters Mexican energy sector

Mexico - Ibáñez Parkman y Asociados SC

Author: Mauricio Lievana
Godofredo Mendes Vianna Improved regulatory and import rules attract new oil and gas investors

Brazil - Kincaid | Mendes Vianna Advogados

Authors: Godofredo Mendes Vianna, Jose Vicente Duncan de Miranda