Energy Legal Blog^®

Nigerian Marginal Fields: New Bid Round and New Guidelines

June 2, 2020 Energy Legal Blog^®

Nigeria’s Department of Petroleum Resources (“DPR”) announced on 1 June 2020 the launch of a new marginal field bid round. Fifty-seven marginal fields have been made available, being a mix of onshore, swamp and shallow-offshore fields. The DPR also released...

FERC Proposes To Limit Availability Of Tariff Waivers

May 27, 2020 Energy Legal Blog^®

At its May 21, 2020 meeting, the Federal Energy Regulatory Commission (“FERC” or “Commission”) issued an order soliciting comments on a proposed policy statement respecting the waiver of tariff requirements.[1] As discussed further below, the proposed policy statement represents a...

LNG lockdown lessons: what next for the LNG industry post-COVID?

May 21, 2020 Energy Legal Blog^®

Despite the current challenges of the COVID-19 pandemic and low LNG prices, the future is bright for LNG. Bracewell considers the impact of the COVID-19 pandemic, the lessons for the LNG sector and how the LNG SPAs of the future...

The Commodity Futures Trading Commission Guidance

May 20, 2020 Energy Legal Blog^®

The Commodity Futures Trading Commission (“CFTC” or “Commission”) Division of Enforcement (“Division”) today issued “Civil Monetary Penalty Guidance” regarding factors staff will consider when recommending civil monetary penalties to the Commission. The guidance tracks with prior guidance and current practices...

VAT to increase to 15% in KSA – what does this mean for PPPs?

May 11, 2020 Energy Legal Blog^®

Saudi Arabia’s Minister of Finance, Mohammed Al-Jadaan, announced on 11 May 2020 that VAT in the Kingdom (currently at 5%) will be increased to 15% from 1 July 2020.While this move is undoubtedly a sound fiscal step in the context...

Bracewell Legal Bites: Contingent Price Adjustments and Volatile Oil Prices

May 6, 2020 Energy Legal Blog^®

What 5 key points do buyers and sellers need to negotiate to get oil and gas deals done in today’s challenging market? Alastair Young, a partner in Bracewell’s London office, shares his perspective. View video.

Energy Legal Blog®