The following Energy practice note provides comprehensive and up to date legal information covering:
This Practice Note tracks the key publications and announcements made to date in relation to Brexit and the UK oil and gas industry. It also provides a brief analysis of the consequences of these publications and announcements.
On 23 January 2020, the European Union (Withdrawal Agreement) Act 2020 (EU(WA)A 2020) was adopted enabling the government to ratify the Withdrawal Agreement and implement its provisions into UK law. As a result of EU(WA)A 2020 the UK remains legally bound by EU law during the transition period agreed in the Withdrawal Agreement which runs from 11 pm on 31 January 2020 until 11 pm on 31 December 2020 (the Implementation Period). The implementation period ends on implementation period completion day (IP completion day).
For a more general timeline of key events and updates in respect of Brexit, see Practice Notes: Brexit timeline and Brexit—introduction to the Withdrawal Agreement, and News Analysis: Brexit Bulletin—key updates, research tips and resources.
Regulation (EC) No 714/2009 of the European Parliament and of the Council on conditions for access to the network for cross-border exchanges in electricity
Regulation (EC) No 715/2009 of the European Parliament and of the Council on conditions for access to the natural gas transmission networks
Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency (widely known as REMIT)
Regulation (EU) 2017/1938 of the European Parliament and of the Council concerning measures to safeguard the security of gas supply
Unlike some other areas of the energy sector, the UK oil and gas sector is not expected to be heavily affected by Brexit. This is due in part to the fact that the UK government has historically retained control over its energy policy, including the development of oil and gas reserves. Indeed the government stated in a note published in September 2018, that ‘the established regime for hydrocarbon licensing and environmental issues will continue to operate’ post-Brexit and that ‘the government will amend the relevant legislation to ensure broad continuity. The legislative changes will have no impact on energy sector businesses, whose residual obligations under the legislation covered will remain unaltered’.
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
The Standard Conditions of Sale (SCS), currently in their 5th edition (2018 revision), are a set of standard conditions which are commonly incorporated into contracts for the sale of residential property. The Standard Commercial Property Conditions (Third Edition—2018 Revision) (SCPC) are used for
The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive disclosures under Part 7 of the Proceeds of Crime Act 2002 (POCA 2002) or Part III of the Terrorism Act 2000 (TA 2000)—see Requirement to appoint a
Coronavirus (COVID-19): The guidance detailing normal practice set out in this Practice Note may be affected by measures concerning process and procedure in the civil courts that have been introduced as a result of the coronavirus (COVID-19) pandemic. For guidance, see Practice Note: Coronavirus
The offence of aggravated vehicle-takingA person is guilty of aggravated vehicle taking if:•they take a conveyance without the owner's or other lawful authority's consent for their own or another's use, or•knowing that any conveyance has been taken without such authority, drive it or allow
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.