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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
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
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
Overview We are now just over one month in to the UK Government’s new policy, revising its support for the overseas fossil fuels sector. As flagged in the initial request for consultation responses, as of 31 March 2021, the UK Government has determined, with some limited exceptions, that it will no longer provide new direct … Read more
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
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
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
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
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
