Unlocking the seas: Commonwealth Government introduces legislation to drive offshore renewable energy investment

The Offshore Electricity Infrastructure Bill 2021 establishes a regulatory framework to facilitate the full life-cycle of offshore electricity infrastructure, from construction through to decommissioning, in the Commonwealth offshore area. Snapshot Once passed, the legislation will: establish a licencing framework for three categories of offshore electricity infrastructure activities in Commonwealth offshore areas: commercial (including feasibility), research … Read more

German energy law violates European law – European Court clarified the term of a vertical integrated undertaking and decided that the federal network agency must become more independent

On 2 September 2021, the European Court decided that the German legislator has not implemented correctly requirements of the EU Electricity Directive and the EU Natural Gas Directive. In particular, the German concept of a vertically integrated undertaking is too narrow. Besides and most notably, the Federal Network Agency must become more independent. BACKGROUND The … Read more

The future of lending to the oil and gas sector

Intense, continued focus on sustainability has put pressure on the oil and gas sector to openly demonstrate its efforts to effect change across the environmental, social and governance (ESG) spectrum. The sector is still a  critical one for energy transition, and for ensuring access to energy in developing markets, so it is important that the … Read more

Scottish independence: implications for the North Sea oil and gas sector

Share to Facebook Share to Twitter Share to LinkedIn Email Print PDF Download The North Sea oil and gas industry has played a key role in Scotland’s economy since the 1970s. While annual oil production peaked in 1999 and North Sea tax revenues have fallen considerably in the last five years, Scotland’s oil and gas industry, including related services, is … Read more

Herbert Smith Freehills to participate in London International Disputes Week

London International Disputes Week 2021 (LIDW21) comes at a significant period for the UK legal sector, in the wake of the Covid-19 pandemic, post-Brexit and amid an uncertain global political environment. With its theme: “Looking forward: change, challenge and opportunity”, LIDW21 will provide crucial insights on the business and law of international dispute resolution. The programme draws … Read more

UK North Sea Transition Deal – a closer look

As we reported last week on this blog, the UK Government published its landmark North Sea Transition Deal with the UK oil and gas sector. We look at these developments in more detail in this post. Introduction                                      … Read more

Landmark North Sea Transition Deal with the UK oil and gas sector announced

The UK Government has today (24 March 2021) announced its commitment to the landmark North Sea Transition Deal with the UK oil and gas sector. The deal provides a blueprint for Government and sector cooperation to decarbonise North Sea production in line with the Government’s net zero agenda. The Government’s announcement that future licensing rounds … Read more

Navigating the energy transition to net zero — the course is set

For decades, pressure has been building on the energy sector to decarbonise. In 2020, we witnessed a paradigm shift in the sector. Offering investors a low carbon future Pressure to decarbonize has been driven by growing evidence and awareness of the link between burning hydrocarbons and climate change, and the prevalence of hydrocarbons in our … Read more