News & Analysis as of

European Commission Oil & Gas

K&L Gates LLP

European Union Adopts Legislation to Tackle Methane Emissions

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The Council of the European Union adopted a regulation on the reduction of methane emissions in the energy sector (Regulation). Methane is the second-biggest cause of climate change after carbon dioxide, and in the short term...more

Mayer Brown

Europe Daily News, 14 March 2024

Mayer Brown on

COMPETITION - Prior notification of a concentration (Case M.11288 - Tapestry / Capri) - Prior notification of a concentration (Case M.11443 - Adnoc / Fertiglobe)...more

Foley Hoag LLP

Department of State, OFAC, and BIS Issue Sweeping Additional Sanctions on Russia, While EU Proposes Tightening Russian Oil Price...

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U.S. authorities have been active in November 2023, reinforcing and expanding sanctions targeting Russia's war effort in Ukraine. Multiple agencies added sanctions targeting entities involved in Russia's military supply...more

Cadwalader, Wickersham & Taft LLP

Greenpeace Sues European Commission Over Inclusion of Gas and Nuclear in EU Taxonomy

On April 18, 2023, eight Greenpeace organizations (the organizations) filed a lawsuit against the European Commission at the European Court of Justice following the Commission’s inclusion of natural gas and nuclear energy in...more

Hogan Lovells

Temporary Solidarity Contribution concerning the Oil, Gas, Coal and Refinery Sectors

Hogan Lovells on

The European Commission has published its proposal for a Council regulation on an emergency intervention to address high energy prices. Besides establishing a regime for demand reduction and a cap on market revenues from...more

Skadden, Arps, Slate, Meagher & Flom LLP

EU and UK Adopt Further Sanctions and Export Controls Targeting Russia

In recent months, the European Union and United Kingdom have adopted additional measures targeting key elements of the Russian economy in response to the invasion of Ukraine. Specifically, the EU and UK continue to expand the...more

K2 Integrity

Sanctions Against Russia: The Week in Review - May 2022

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The Week in Review delivers the impact and analysis for the public, private, and non-profit sectors from our regular reporting of the evolving global sanctions campaign against Russia. This week, we reviewed the recent...more

American Conference Institute (ACI)

[Event] 16th Annual Flagship Conference on U.S. Economic Sanctions Enforcement and Compliance - May 5th - 6th, Washington, DC

ACI’s Annual Flagship Conference on Economic Sanctions Enforcement and Compliance is widely regarded as the premier conference designed for those working in global sanctions compliance, internal audits and investigations,...more

Vinson & Elkins LLP

Not Just CO2 and Anti-climax: Tackling Methane Emissions is a Further Challenge for the Petroleum Industry in the Wake of COP26

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The Global Methane Pledge (GMP) was one of the few headline commitments announced at COP26. The response to the GMP indicates that tackling methane emissions is now firmly on the agenda for the petroleum industry... ...more

Morgan Lewis

2021 Year in Review: Climate Change

Morgan Lewis on

The global impact of our planet’s changing climate garnered significant attention in 2021. The United States rejoined the Paris Agreement at the beginning of the year, and in November, during the United Nations Climate Change...more

A&O Shearman

European commission boosters decarbonised gases with new gas package

A&O Shearman on

On 15 December 2021 the European Commission published a proposal for a revised Gas Directive1 and a revised Gas Regulation.2 This is the long awaited Gas Package following the proposal of the Fit-For-55-Package earlier this...more

Akin Gump Strauss Hauer & Feld LLP

Europe Announces “Fit for 55”, Its Scheme for Carbon Neutrality by 2050

In connection with implementing the European Green Deal and its efforts to become the first climate-neutral continent, the European Commission announced on Wednesday, July 14 an ambitious package of proposals aimed at further...more

Bracewell LLP

LNG Tanker LNG in Europe: Current Trends, the European LNG Landscape and Country Focus

Bracewell LLP on

Global LNG trade is buoyant due to a wave of new sources of LNG supply. What were historically distinct, regional LNG markets are becoming increasingly interconnected as the global LNG market evolves and diversifies. Against...more

Bracewell LLP

International Sanctions and the Energy Sector – Part 1: Iran

Bracewell LLP on

Economic sanctions, in one form or another, have been applied for centuries to effect change in the activities or policies of states, groups or individuals. Sometimes they are perceived as geopolitical economic weaponry,...more

Akin Gump Strauss Hauer & Feld LLP

Revisiting LNG Resale Restrictions – Implications of Recent EU Decisions

In our July 2017 update in AG Speaking Energy, we highlighted that the Japan Fair Trade Commission (JFTC) concluded in its market study that destination clauses, diversion clauses, profit-sharing clauses and take-or-pay...more

Akin Gump Strauss Hauer & Feld LLP

European Commission Takes Aim at Qatar’s LNG Contracts

• JFTC‘s recent market study on clauses in LNG SPAs indicate that agreements may run afoul of Japanese antimonopoly laws. • EU cases may provide guidance on application of competition law to destination clauses, diversion...more

Skadden, Arps, Slate, Meagher & Flom LLP

European Court of Justice Deals Blow to Commitment Decisions

On November 23, 2017, the Court of Justice of the European Union (Court of Justice) dealt a blow to the European Commission’s (Commission) power to close antitrust investigations with commitment decisions, with its ruling in...more

K&L Gates LLP

Brussels Regulatory Brief: April

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Antitrust and competition - A welcome limitation on the investigatory powers of the Commission when requesting information from companies - On 10 March 2016, the Court of Justice of the European Union (“CJEU”) set aside...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review

European Commission Adopts Delegated Regulation on Presentation of Investment Recommendations and Disclosure of Conflict of Interest Under MAR - The European Commission has adopted a Delegated Regulation supplementing...more

K&L Gates LLP

The European Commission Approves an Energy Security Package Emphasizing Infrastructure Development and LNG Imports

K&L Gates LLP on

On 16 February 2016, the European Commission published a Sustainable Energy Security package that aims to minimize natural gas supply disruptions across Europe. In addition to efforts to manage increasing natural gas demand...more

King & Spalding

Energy in the Transatlantic Trade and Investment Partnership Negotiations: A European Perspective

King & Spalding on

Recent reports of the influence of major oil and gas companies on the European Commission’s position on energy in the Transatlantic Trade and Investment Partnership (“TTIP”) negotiations -- though denied by all concerned...more

K&L Gates LLP

Brussels Regulatory Brief: September/October

K&L Gates LLP on

On 11 September, TeliaSonera and Telenor have abandoned the proposed merger of their business units in Denmark. The contemplated transaction would have resulted in the establishment of a joint venture active in the provision...more

King & Spalding

EU Commission Consults Industry on EU Strategy for LNG and Gas Storage

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Introduction - On 8 July 2015 the European Commission launched a public consultation on an EU strategy for liquefied natural gas (LNG) and gas storage. The consultation is part of the Commission's strategy to explore the...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review

Fair and Effective Markets Review Publishes Final Report - On June 10, 2015, the Fair and Effective Markets Review (FEMR), established by the Chancellor in June 2014 to conduct a review of fixed income, currency and...more

Orrick, Herrington & Sutcliffe LLP

Antitrust & Competition Newsletter - April 2015

U.S. Supreme Court Holds That State Action Immunity Does Not Apply to State Boards If the Board Is Controlled by Active Market Participants - On Feb. 25, 2015, the U.S. Supreme Court held, in a 6-3 decision, that a state...more

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