News & Analysis as of

Oil & Gas Australia

K&L Gates LLP

June 2024 ESG Policy Update—Australia

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Australian Update - Australia and EU Enter Into Critical and Strategic Minerals Partnership - On 28 May 2024, Australia and the European Union (EU) signed a Memorandum of Understanding (MOU) for a bilateral partnership to...more

Braumiller Law Group, PLLC

Braumiller-Law-Group - June 2024 Newletter

Recently, President Biden signed a foreign military support bill (H.R. 815) into law, which also encompassed the 21st Century Peace Through Strength Act (the Act), a legislative proposal introduced in the House containing...more

Jones Day

Clean Fuel of the Future: Policy and Legislation Shaping Australia’s Hydrogen Industry

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In recent years, the Australian federal government has committed, at both the domestic and international levels, to ambitious renewable energy targets. Australia’s hydrogen sector is positioning itself to play an increasingly...more

White & Case LLP

Australian Federal Government Publishes Proposed East Coast Gas Market Code of Conduct for Consultation

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On 26 April 2023, the Australian Federal Government published its proposed Mandatory Code of Conduct for the supply of wholesale gas in the East Coast Gas Market. The draft Code continues the existing $12/GJ price cap...more

WilmerHale

Global Jurisdictions Adopt New Price Cap on Russian Petroleum Products - New Guidance Creates Additional Compliance Expectations

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Effective February 5, 2023, the Price Cap Coalition (the Coalition), consisting of the G7 nations, the European Union (EU) and Australia, set a price cap of $45 per barrel for “Discount to Crude” petroleum products of Russian...more

Holland & Knight LLP

OFAC Updates U.S. Oil Price Cap Policy Against Russia

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As an update to an earlier Holland & Knight alert on the same topic, the U.S. Department of the Treasury Office of Foreign Asset Control (OFAC) has published another determination pursuant to Executive Order 14071 expanding...more

Cadwalader, Wickersham & Taft LLP

Australian Securities and Investments Commission Levies Another Greenwashing Fine

The Australian Securities and Investments Commission (ASIC) appears to be making up for lost time as it imposed another greenwashing-related penalty, this time against Black Mountain Energy, an upstream oil and gas company,...more

The Volkov Law Group

United States and Allies Set Price Cap on Russian Oil — $60 Per Barrel (Part I of IV)

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The G-7, the European Union and Australia officially announced a price cap on Russian oil, which includes service and shipping restrictions on oil originating from the Russian Federation and trading above $60 per barrel. ...more

WilmerHale

Global Jurisdictions Implement Russian Oil Ban and Price Cap Policy

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A ban on services related to the maritime transport of Russian-origin crude oil sold above a pre-determined price cap of $60 per barrel began on December 5, 2022, with a similar price cap ban related to other Russian-origin...more

Orrick, Herrington & Sutcliffe LLP

U.S., EU, and UK Price Cap Sanctions Prohibiting Services for Maritime Transport of Russian Oil

Effective December 5, 2022, a coalition of G7 countries, Australia, and the European Union have generally forbidden service providers to provide certain services relating to the maritime transport of Russia-origin crude oil...more

Hogan Lovells

Recent Developments in the Australian Mining Sector (UPDATED)

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There has been positive growth in the Australian mining sector and a number of recent developments since our last mining update. Despite the impacts of COVID-19, Australia’s mining sector has largely remained in a position of...more

Jones Day

The Future of Gas in NSW

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The New South Wales Government recently announced that the land available for gas exploration will be significantly reduced. The Future of Gas Statement published by the New South Wales ("NSW") Government outlines plans...more

Jones Day

Australian Court Holds That Use of a Corporate Logo for Purposes of Engaging in a Public Campaign Amounts to Mostly Fair Dealing

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Australia's Copyright Act allows for various "fair dealing" defenses that set out defined categories of acceptable uses of copyrighted work. These uses include research or study, criticism or review, parody or satire,...more

Jones Day

Supreme Court of New South Wales Rules on Mineral Sales Royalties Default

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Default in paying monthly mineral sales royalties leads to an obligation to pay up front the present value of future royalties. A decision (Thalanga Copper Mines Pty Ltd v Cromarty Resources Pty Ltd [2021] NSWSC 640 (4 June...more

Jones Day

Australian Government Foreshadows Significant Reform to Australia's Offshore Oil & Gas Regulation

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The Australian government has announced proposed reforms to Australia's offshore oil & gas regulation, which are aimed at achieving appropriate stewardship of assets by increasing government scrutiny over oil & gas...more

Hogan Lovells

Recent Developments in Australian Mining Sector – National

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There has been positive growth in the Australian mining sector and many recent developments since our last mining update. A summary of the key national developments follows. ...more

Hogan Lovells

Recent Developments in Australian Mining Sector – Around the States

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There has been significant activity in the Australian mining sector in recent times and many state specific developments since our last Australia mining update. A summary of the key state specific developments follows. ...more

Jones Day

A Comprehensive Roadmap for Australia's Complex Energy Transition - Part of the Jones Day Carbon Disruption series.

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The Situation: On 30 July 2020, the Australian Energy Market Operator ("AEMO") published the 2020 Integrated System Plan ("ISP") for the Australian National Electricity Market. The Context: The plan is a comprehensive,...more

White & Case LLP

“Never waste a (COVID-19) crisis”: new proposals to streamline the Australian government's environmental approvals regime

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On 27 August 2020, the Federal Government tabled the Environment Protection and Biodiversity Conservation Amendment (Streamlining Environmental Approvals) Bill 2020 (Bill) in the House of Representatives. ...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Issue 27, July 2020

Big Oil repeatedly remanded to state courts - will SCOTUS come to the rescue? "Oil companies facing suits by state and local governments that want them to bear a share of the cost of responding to the consequences of...more

Hogan Lovells

Implications of COVID-19 on the Western Australian Mining Industry

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As mining operations around the world are impacted by the significant disruptions caused by COVID-19, the Western Australian mining sector, like the rest of Australia, has been facing restrictions and interruptions in its...more

Hogan Lovells

Implications of COVID-19 on the Australian Mining Industry

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Implications of COVID-19 on the Australian Mining Industry - May 2020 The impacts of COVID-19 have been felt globally, including in the Australia’s mining industry. Travel restrictions for necessary personnel, interruptions...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - May 2020 #3

Industry Expert Insights - We reached out to one of our Lex Mundi partners and a well-known expert in Australia in the energy and legal industries to get her thoughts on the current energy climate. Emma Covacevich is...more

Hogan Lovells

Release of Implementation Plan in response to independent scientific panel inquiry into hydraulic fracture stimulation in Western...

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On 8 July 2019, the Western Australian State Government (State Government) announced that it had released a new Implementation Plan (Plan). The 18-month transitional Plan is the State Government's response to the Final...more

K&L Gates LLP

Releasing the Hand Brake – the Productivity Commission's Review Into Resources Regulation

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As the Commonwealth Government sets its agenda after the recent election, it has tasked the Productivity Commission (PC) to conduct a comprehensive review of the regulatory landscape affecting the resources industry in...more

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