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Nigeria’s upstream petroleum sector - looking back at 2021 and looking ahead in 2022
Two decades of collective breath holding was finally released with the enactment of the Petroleum Industry Act (PIA), making 2021 a notable year for Nigerian oil and gas. We give our snapshot of the year’s main events in Nigeria’s upstream...
Decarbonising the LNG Industry: The Pressure is On
Click here to read this article in Joomag format Decarbonising Natural Gas and LNG Natural gas and liquefied natural gas (“LNG”) have long been hailed as one of the winners of the current energy transition when compared to other fossil...
Buyers and Sellers Should Plan for Close Scrutiny of North Sea Oil and Gas Deals
Over recent years, there has been an increase in M&A activity in the UK’s upstream oil and gas sector. The UK’s offshore industry has attracted this investment for reasons including the recent oil price recovery, a relatively lower risk profile...
U.S. Supreme Court Denies Review of Challenge to Equitable Mootness Doctrine
In a decision that will likely impact bankruptcy proceedings around the country, the Supreme Court recently denied the petition for writ of certiorari of David Hargreaves, which challenged the equitable mootness doctrine. 1 As a result, the concept of equitable...
Reeves County District Court Rules in Favor of Oil & Gas Operator in Produced Water Dispute
On November 2, 2021, the Reeves County, Texas, District Court held in COG Operating LLC (“COG”) vs. Cactus Water Services, LLC et al. (“Cactus”) that COG, the oil & gas operator, (1) owns, among other things, the products contained in...
SLLs – Greenwash or Not?
The issue of climate change and sustainability has become an existential question for hydrocarbon companies with climate change and ESG pressures severely impacting access to capital for independent E&P companies. The global pandemic has unquestionably accelerated the energy transition and...
Fifth Circuit Holds Highly Compensated Oilfield Workers Paid a Day Rate are Entitled to Overtime
The day-rate tool pusher earning $963.00 per day is not exempt from the overtime provisions of the Fair Labor Standards Act (“FLSA”) – in other words, he or she is entitled to overtime pay. So holds the Fifth Circuit. The...
Understanding Nigeria’s Petroleum Industry Act
Over two decades in the making, the Petroleum Industry Act (PIA) has become law and establishes a new reality for Nigeria’s oil and gas industry. The scale of the changes implemented by the PIA is widespread and profound – it...
Power Plays: The Case for RNG
Growing interest in Renewable Natural Gas plays has our team taking a closer look at the profitability and sustainability merits of making natural gas from animal manure, landfill gas, food waste, or wastewater. I. What is it? Renewable Natural Gas...
LNG in Europe 2021: Current Trends, The European LNG Landscape and Country Focus
This report provides an overview of current trends in the European LNG market, describes the status of the European LNG landscape in 2021, and looks at current activities in individual LNG-importing countries in Europe. CURRENT TRENDS IN THE EUROPEAN LNG...
Methane Rule Changes Add Complexity for Oil and Gas Cos.
On June 30, President Joe Biden signed into law a resolution under the Congressional Review Act, or CRA, that disapproved a final rule adopted by the prior administration making significant changes to Title 40 of the Code of Federal Regulations...
Congressional Review Act Resolution Changes both Scope and Effect of EPA's Methane Rule
On June 30, 2021, President Biden signed into law a resolution under the Congressional Review Act (CRA) that disapproved a final rule adopted by the prior administration that made significant changes to 40 C.F.R. Part 60, Subpart OOOOa – the...
Aligning ESG and 10-K Disclosures: A Perspective from a Chief Legal Officer
To say the SEC has signaled increased attention to ESG matters would be an understatement. Between February 24 th and April 12 th of this year, the SEC has posted on its website five public statements and two press releases...
Off Pitch – What the Super League Fiasco Can Teach Us About ESG
When twelve of the highest profile football teams in Europe announced that they were forming a European Super League, they sent shockwaves through the world of European football and beyond. The fallout was swift and expansive, and within 48 hours...
Europe’s Pivotal Role in the Global LNG Market
The European LNG landscape Europe’s role in the global LNG market Historically, Asia has been the world’s dominant buyer of LNG, particularly under long-term LNG sale and purchase agreements (SPAs). In recent years, however, as the LNG sector has evolved...