Corporate oil and gas transactions

Copyright © 2026 LexisNexis

Introduction

This is an overview of the key content to be found in the Corporate oil and gas transactions subtopic. It briefly explains the nature of this content and provides links to it.

For more information on Oil and Gas licensing and regulation, see subtopic: Oil and gas licensing and regulation—overview.

Exploration and production (upstream)

  1. •

    Practice Note: An introduction to EU law and competition law issues for take-or-pay clauses in energy contracts introduces take-or-pay clauses in the energy sector and considers some of the regulatory and competition law issues regularly encountered when considering take-or-pay clauses in the energy contracts

  1. •

    Practice Note: Drafting take-or-pay clauses in energy contracts introduces the common features of take-or-pay clauses in energy contracts and provides some example clauses. It also considers the distinction between take-or-pay clauses and take-and-pay clauses

  1. •

    Practice Note: Take-or-pay clauses in energy contracts: the rule on penalties introduces the English Court’s attitude to take-or-pay clauses and a thorough consideration of take-or-pay clauses and the rule on penalties

  1. •

    Practice Note: Force majeure and frustration in offshore oil and gas drilling, decommissioning and service contracts

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Existing user? Sign-in TAKE A FREE TRIAL
Powered by Lexis+®
Latest Energy News

Energy weekly highlights—29 January 2026

This week's edition of Energy weekly highlights includes a News Analysis considering the implications on the energy sector of the Planning and Infrastructure Act 2025 (PIA 2025), which received Royal Assent on 18 December 2025. In addition, this week the Department for Energy Security and Net Zero (DESNZ) has announced that the UK has agreed with European partners to cooperate on North Sea offshore wind development, Ofgem has launched a consultation on a proposed 12-month pilot of an AI Technical Sandbox to enable energy-sector participants to safely test AI solutions prior to deployment, and also published its final decision and registration guidance for heat networks following draft consultation.

EU adopts regulation to gradually phase out Russian gas imports

The Council of the European Union has adopted a regulation phasing out Russian imports of pipeline gas and liquefied natural gas (LNG) into the EU, marking a step forward in delivering the REPowerEU objective of ending the EU’s reliance on Russian energy, responding to ongoing risks stemming from Russia’s war of aggression against Ukraine and its use of energy as a political weapon. The regulation introduces a stepwise ban on Russian gas imports, alongside measures on monitoring and diversification of energy supply.

ACER publishes guidance on cybersecurity performance monitoring for EU electricity networks

The Agency for the Cooperation of Energy Regulators (ACER) has published guidance on the voluntary submission of information to support the monitoring of cybersecurity-related operational reliability performance indicators in the electricity sector under the Network Code for Cybersecurity (NCCS). The guidance establishes three performance indicators applicable to high-impact and critical-impact entities under the NCCS, which cover: (1) the annual number of reportable cyber-attacks assessed as having high or critical gravity; (2) the annual number of reportable cyber threats; and (3) the annual number of exploited unpatched (zero-day) vulnerabilities. According to ACER, the indicators are intended to support consistent and comparable monitoring of cybersecurity risks with potential operational consequences for cross-border electricity flows, while minimising data sensitivity.

DESNZ publishes RO scheme indexation consultation outcome confirming CPI transition

The Department for Energy Security and Net Zero (DESNZ), the Scottish Government, and the Northern Ireland Executive have published their joint response to the Renewables Obligation (RO) scheme indexation consultation and confirmed the decision to change the inflation indexation from the Retail Price Index (RPI) to the Consumer Price Index (CPI). This change will take effect for the 2026–27 compliance year, beginning in April 2026 and the RO buy-out price will be adjusted annually in line with CPI.

View Energy by content type :  
News
Practice notes
Precedents
Q&As

Popular documents

Knock-for-knock indemnities: risk allocation in offshore energy contracts

Knock-for-knock indemnities: risk allocation in offshore energy contractsWhat are knock-for-knock indemnities?A knock-for-knock clause is a reciprocal agreement to apportion liability for certain losses (usually, death or injury to personnel and damage to property) between contracting parties,

LNG sale and purchase agreements

LNG sale and purchase agreementsTypes of LNG sale and purchase agreementsLiquefied natural gas (LNG) is commonly traded as a portfolio commodity, in which a participant may break up several long-term sales agreements into short-term transactions to optimise transport costs and balance supply

Production Sharing Contracts

Production Sharing ContractsIntroductionA production sharing contract (PSC) is a contractual relationship between a host government and a private sector participant (‘investor’) whereby the government contracts with the investor to carry out oil and gas exploration and production activities (E&P

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some
Knock-for-knock indemnities: risk allocation in offshore energy contracts

Knock-for-knock indemnities: risk allocation in offshore energy contracts

Knock-for-knock indemnities: risk allocation in offshore energy contractsWhat are knock-for-knock indemnities?A knock-for-knock clause is a reciprocal agreement to apportion liability for certain losses (usually, death or injury to personnel and damage to property) between contracting parties,

LNG sale and purchase agreements

LNG sale and purchase agreements

LNG sale and purchase agreementsTypes of LNG sale and purchase agreementsLiquefied natural gas (LNG) is commonly traded as a portfolio commodity, in which a participant may break up several long-term sales agreements into short-term transactions to optimise transport costs and balance supply

Production Sharing Contracts

Production Sharing Contracts

Production Sharing ContractsIntroductionA production sharing contract (PSC) is a contractual relationship between a host government and a private sector participant (‘investor’) whereby the government contracts with the investor to carry out oil and gas exploration and production activities (E&P

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some