Corporate oil and gas transactions

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Practice notes
A director who is in any way, directly or indirectly, interested in:•a proposed transaction or arrangement with the company of which they are a...
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9th Nov
Practice notes
What is the ‘supplier of last resort’?When the Office of Gas and Electricity Markets (Ofgem) revokes a supply licence (usually because of insolvency),...
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Produced in partnership with Matthew Collinson 9th Nov
Practice notes
Brexit: The UK's departure from the EU on exit day, ie Friday 31 January 2020, has implications for practitioners considering applicable law. For...
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9th Nov
Practice notes
This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...
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9th Nov
Practice notes
Brexit: The UK's departure from the EU on exit day ie Friday 31 January 2020 has implications for practitioners considering the use of ADR as it may...
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9th Nov
Precedents
Option 1—deed executed by a company under its common seal (model articles, where the authorised signatory is an...
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9th Nov
Practice notes
Brexit: This Practice Note contains guidance on subjects impacted by the UK’s withdrawal from the EU. As of 31 January 2020 (exit day), the UK is no...
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Produced in partnership with Laura Bolado 9th Nov
Practice notes
STOP PRESS: This Practice Note is being reviewed in light of the 5 May 2020 agreement by most EU Member States to terminate their intra-EU bilateral...
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Produced in partnership with Joe Tirado, Partner of Garrigues UK LLP and Elisa Vicente, Senior Associate of J&A Garrigues, S.A. 9th Nov
Practice notes
Brexit: The UK's departure from the EU on exit day, ie Friday 31 January 2020, has implications for practitioners considering applicable law. For...
Read More >
9th Nov
Practice notes
Decommissioning security agreementsOil and gas companies are expected to return the seabed to its original state (subject to certain exceptions) by...
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Produced in partnership with Isla Stewart of Matheson 9th Nov
Precedents
Month means a calendar month; Close This is a suggested definition for the term 'month', which...
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9th Nov
Practice notes
What is a Turbine Supply Agreement (TSA)?The Turbine Supply Agreement (TSA) is a critical component of the contractual framework for a wind farm. This...
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Produced in partnership with James Bruce of Gowling WLG and Aniela Foster-Turner of Siemens Gamesa 9th Nov

Most recent Corporate oil and gas transactions content

Practice notes
The joint operating agreement (JOA) has a number of key commercial provisions.ScopeThe scope of the JOA is, generally speaking, to 'establish the...
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Produced in partnership with Peter Roberts, Head of Oil & Gas of Orrick 25th Nov
Practice notes
1. First principlesIn the simplest case, a state will grant a concession granting the right to explore for and to produce petroleum to a single...
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Produced in partnership with Peter Roberts, Head of Oil & Gas of Orrick 25th Nov
Practice notes
Introduction to common participants in the marketThe oil and gas industry is a significant contributor to the UK economy:•it supports around 152,000...
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Produced in partnership with Emma Riddle of partner at CMS 26th Oct
Practice notes
This Practice Note considers the English Court’s attitude to take-or-pay clauses and provides a thorough consideration the rule on penalties in...
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Produced in partnership with Phillip Ashley, Judith Aldersey-Williams, David Rutherford, and Leontine Mathew of CMS Cameron McKenna Nabarro Olswang LLP 21st Oct
Practice notes
This Practice Note considers the common features of take-or-pay clauses and provides some example clauses. It also considers the distinction between...
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Produced in partnership with Phillip Ashley, Judith Aldersey-Williams, David Rutherford, and Leontine Mathew of CMS Cameron McKenna Nabarro Olswang LLP 21st Oct
Practice notes
This Practice Note introduces take-or-pay clauses in the energy sector and considers some of the regulatory and competition law issues regularly...
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Produced in partnership with Phillip Ashley, Judith Aldersey-Williams, David Rutherford, and Leontine Mathew of CMS Cameron McKenna Nabarro Olswang LLP 21st Oct
Precedents
Decommissioning Relief DeedThe Decommissioning Relief Deed (DRD) is a contract between the UK Government and a ‘Qualifying Company’ which operates in...
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19th Oct
Practice notes
ScopeA farm-out is, in effect, a mechanism pursuant to which the owner of a participating interest in certain oil and gas assets (the Farmor) agrees...
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Produced in partnership with Anna Nerush of Haynes Boone 16th Oct
Practice notes
What are knock-for-knock indemnities?A knock-for-knock clause is a reciprocal agreement to apportion liability for certain losses (usually, death or...
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Produced in partnership with Nicholas Neuberger of Bracewell LLP and Robert Meade of Bracewell LLP 16th Oct
Practice notes
Types of LNG sale and purchase agreementsLiquefied natural gas (LNG) is commonly traded as a portfolio commodity, in which a participant may break up...
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Produced in partnership with Andrews Kurth Kenyon 16th Oct
Practice notes
Types of gas sales agreements (GSAs)Contracts for the sale of gas may take several forms, including:•term agreements—which provide for the sale and...
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Produced in partnership with Andrews Kurth Kenyon 16th Oct
Practice notes
IntroductionA production sharing contract (PSC) is a contractual relationship between a host government and a private sector participant (‘investor’)...
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Produced in partnership with Joana Kay, Of Counsel in Oil & Gas of Orrick 16th Oct
Practice notes
While an LNG project must consider, in varying degrees, all aspects of the LNG value chain, this Practice Note focuses on the components that differ...
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Produced in partnership with Andrews Kurth Kenyon 16th Oct
Practice notes
Role of oil service agreements in a petroleum projectA typical oil and gas project can be divided into four key stages:•exploration/appraisal—when a...
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Produced in partnership with Giulia Carloni 16th Oct
Practice notes
The Master Deed is the standardised process used in the oil and gas industry on the United Kingdom Continental Shelf (UKCS) to formalise asset...
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Produced in partnership with Isla Stewart of Matheson 16th Oct
Practice notes
In the first half of 2020, the oil market was facing shrinking capacities to store over-supplied oil, collapsing prices and plummeting demand. Oil and...
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Produced in partnership with Ben Holland and Michael Davar of Squire Patton Boggs 16th Oct
Practice notes
Joint ventures It is very common for an oil and gas project to be structured as a joint venture (JV), particularly so in relation to upstream...
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16th Oct
Practice notes
Due diligenceIn common with mergers and acquisitions (M&A) transactions generally, prior to executing an acquisition in the context of the oil and gas...
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Produced in partnership with Giulia Carloni 16th Oct
Practice notes
The principal forum for the battle of wills between the operator and the non-operating parties is the operating committee (OpCom) (at least where a...
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Produced in partnership with Peter Roberts, Head of Oil & Gas of Orrick 16th Oct
Practice notes
What are petrol filling stations?Filling stations traditionally sell petrol, diesel fuel and paraffin that are usually stored in underground tanks of...
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Produced in partnership with Sally Redman of Argyll Environmental 16th Oct

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