Skip to main content
Insights
Inflation Reduction Act
A Challenging Year for African M&A
The continent’s two biggest oil producing nations have made recent reforms to their upstream regulatory regimes, which have been long awaited and the changes largely well received.
The UK National Security and Investment Act: Key Implications for the Energy Sector
Click here to read in Joomag format. Background The UK’s National Security and Investment Act 2021 (the “ Act ”) entered into force on 4 January 2022, introducing a new investment control regime for acquisitions in the UK, with the...
Meet the new NNPC – different from the old NNPC?
What has happened? The Nigerian National Petroleum Corporation has officially “relaunched” as NNPC Limited in a high profile ceremony led by President Buhari. This transition involves the incorporation of a new CAMA company, which is wholly owned by the Nigerian...
LNG: Regions on the Rise
Europe (both Continental Europe and the UK) is generally characterised as a single large LNG import market, and one in which European importing countries collectively compete with the world’s top importing region of Asia. Whilst Europe’s importing nations do share...
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...
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...
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...
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...
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...
Climate change disclosures for premium-listed companies on the London stock exchange
Climate change is now a regular feature of boardroom discussions. Companies have acknowledged that it will directly impact their business, with the former Bank of England Governor Mark Carney recently noting that “ changes in climate policies, new technologies and...
COVID-19 and "Electronic" Execution of English Law Documents
In light of the on-going Covid-19 pandemic, many organisations are implementing remote working policies and limiting access to offices in order to effect social distancing measures. Notwithstanding the changes to usual working practices, organisations continue to enter into binding contractual...
Integrated Exploration and Extraction Service Contracts: the new model to be used by Pemex to reactivate fields and increase production
The 2019-2023 Business Plan for Pemex and its Subsidiaries (the “Business Plan”) provides that Pemex aims to promote partnerships between the public and the private sectors under a risk-sharing scenario that expects to achieve optimal exploitation and increase crude oil...
Oil & Gas Deal-Doing in Mexico: Current Trends & Future Prospects
Manuel Vera, Jeffery B. Vaden, Darren Spalding and Adam Blythe of Bracewell, and Manuel Cervantes of MCM Abogados discuss deal trends in Mexico and the future of the oil and gas market...
Investing in Upstream Oil and Gas in Mexico
Bracewell's Mexico team is comprised of leading energy lawyers in Houston and London and we are one of the few law firms that have been involved in all aspects of the liberalisation process.