Marc Hammerson

Marc Hammerson

Akin Gump Strauss Hauer & Feld LLP

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Latest Publications


UK 2015 Budget – Changes to the North Sea Tax Regime

In a move designed to breathe life into the United Kingdom’s North Sea oil and gas industry, the United Kingdom’s Chancellor of the Exchequer has announced a suite of tax cuts as part of the 2015 Budget. The cuts are a...more

4/10/2015 - Corporate Taxes Oil & Gas Tax Cuts UK

Change of control: developments in the United Kingdom

Why is change of control an issue? In addition to contractual provisions amongst joint venture parties, change-of-control restrictions are often also included in a country’s petroleum laws....more

3/25/2015 - Change in Control DECC Energy Sector Joint Venture UK

Heritage Loses to Tullow Oil in Tax Indemnity Dispute

On June 14, 2013, the High Court in London ruled that Heritage should pay Tullow Oil c.$313 million under the terms of a tax indemnity relating to the 2010 transaction that saw it acquire Heritage oil licenses in Lake Albert,...more

9/9/2013 - Indemnification Oil & Gas Tax Liability UK

Recent Hydraulic Fracturing Trends in the United Kingdom

August is known as the “silly season” in the U.K. media. With a large part of the country on vacation, it is a month in which newspapers struggle to fill column inches. Stories emerge that would typically not receive as much...more

8/16/2013 - Fracking Natural Gas Resource Extraction Shale Gas UK

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