Energy security will continue to be a driving force for generations to come. Oil, gas and liquid fuels will continue to dominate as the world’s largest energy source. But the oil and gas industry must improve technologies to economically unlock resources in geographies and geological structures that only a few years ago were not commercially viable. Today, conventional resources are being found in previously inaccessible, expensive sites. Development of oil sands, tight oil and shale gas are adding significantly to the world’s reserves.
Dentons has over 80 years of experience acting for national oil companies, international oil companies, independents and startups, as well as oil and gas service companies and service providers. With Dentons you get a dedicated team of lawyers, true specialists in oil and gas, with decades of experience dealing with multiple partners, cultures, languages, geographies and national and local governments. We can advise you on the full cycle of oil and gas development from exploration, production, and transportation to refining, marketing and distribution. We have extensive experience with oil and gas concessions, including:
Our team can advise you on establishing upstream regimes, granting concessions, acquiring new assets through farm-ins and corporate transactions, restructuring asset portfolios, financing using asset-backed and other structures, and constructing and implementing upstream projects.
We advise operators and non-operators on operating and unitization agreements, addressing liability regimes, cost-sharing mechanisms, budgetary and business planning procedures and sole risk arrangements. Our expertise encompasses pipeline-related agreements, including crossing agreements, transportation, allocation, construction and joint marketing arrangements. We can also offer expertise in dealing with oil and gas reserves that cross national boundaries or lie in disputed boundary areas. Benefit from our in-depth industry knowledge including the specialist, local law knowledge we can provide you with in many of the world’s hydrocarbon provinces.
Look to Dentons to give you a competitive business advantage for any type of oil and gas project, anywhere in the world.
On 6 May 2020, the Oil and Gas Authority (OGA) launched a consultation (open until 29 July 2020) looking at revising its strategy to be consistent with and to help to meet the UK's Net Zero Target, whilst continuing to promote the strategy of maximising economic recovery (MER).
In 2018, global gas consumption grew by 5.3 per cent, the highest rate since 2010 and more than double the 10-year average growth rate of 2.2 per cent. Consumption in the United States rose strongly (+10.5 per cent) as well as in Iran (+7.4 per cent), Iraq (+33.9 per cent), Russia (+5.4 per cent) and China (+17.7 per cent).
Dentons would like to thank Kemi Segun, from ACAS Law in Nigeria, for this month’s contribution to the Africa section of the Dentons South Africa Newsletter. In this article, Kemi discusses the Nigerian oil and gas sector.
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