Financiers are the new corporate sustainability activists, new research from Addleshaw Goddard reveals
A major new European research study reveals that the financial community is driving action on sustainability.
Addleshaw Goddard
North Sea Transition Deal: watch out for the sting in the tail
The North Sea Transition deal, announced on March 24, has given industry a clear statement of intent for the coming decade and beyond, but the energy sector would do well to prepare itself for the inevitable legal and regulatory consequences that follow.
International Women’s Day: Covid-19 could undo oil and gas gender diversity progress
The oil and gas industry needs to be careful that Covid-19 doesn’t undo the large strides that have been made to address gender imbalances in recent years.
Employers very wary of ‘no jab, no job’ policy, says top oil and gas lawyer
Most oil firms would be “very wary” of trying to enforce a “no jab, no job” vaccine policy for its workforce, according to a top employment lawyer.
Collaboration the key to a successful UK decommissioning industry
It’s around this time of year that Oil and Gas UK releases its eagerly-awaited annual Decommissioning Insight report. The study was first launched to enhance knowledge of the decommissioning market. It shows an industry with intellectual capability that needs to be shared to maintain competitiveness and efficiency.
IR35 delay hopes ‘fanciful’ warn employment experts
Employment experts have warned that hopes of a further IR35 delay are “fanciful”, despite months more of Covid lockdown measures coming.
Net zero by 2050 and climate change
The European Union is committed to achieving net-zero emissions by 2050. To support this, Brussels plans to create a €225 billion green bond as part of a shift towards cleaner economies.
Industry expert warns Scotland needs to act fast to stay at forefront of floating wind
The boss of one of Scotland's leading renewable developments has warned the country needs to be proactive if it’s going to maintain its places as a "world leader" in floating wind.
Sustainability and Covid-19
People questioning the oil and gas industry’s sustainability is not a new phenomenon. Far from it. For years oil companies, governments, investors and other stakeholders have questioned the sustainability of the industry and the need to address environmental, social and governance issues (ESG).
Energy sector M&A and private equity investment live on, in spite of Covid
Even in this time of great uncertainty caused by the Covid-19 pandemic and lower oil prices, corporate M&A and private equity investment in the energy sector is not dead.
Fiscal relief for upstream oil companies: what should governments consider?
The current collapse in the price of crude oil is the most extreme so far this century. It has already had significant impact on the oil industry, leading to some declarations of force majeure (examples include licenses and contracts in Iraq and the Gulf of Thailand). The question we address here is: what will the impact be on upstream producing countries? And more specifically, how should upstream countries react if companies approach them for fiscal concessions, citing marginal economics?
Breathing room for struggling businesses
Since the onset of the Covid-19 outbreak and oil price crash, huge amounts of pressure have been heaped on directors of oilfield service (OFS) businesses.
The new ‘F-word’ in the energy sector
The Energy industry has taken another battering. But unlike previous economic hurricanes, this time within weeks centrally funded support was made available in the form of furlough leave and pay.
Avoiding the pitfalls of Gulf labour market during a downturn
International oil and gas companies operating in the Gulf are well-versed in dealing with fluctuating oil prices.
Covid-19 and cap scrap put our industry under threat
A toxic cocktail of the Covid-19 outbreak and an act of self-sabotage by two of the world’s biggest oil nations has created unprecedented and overwhelming currents for the oil and gas industry to swim against.
AI vs data privacy: OGTC flagship event goes online
The Oil & Gas Technology Centre (OGTC) will launch the first of its Tech20 Virtual series with ‘Artificial Intelligence vs Data Privacy: a 21st century David and Goliath story’, taking place Friday 3 April, 11:00-12:00 GMT.
Report identifies main obstacle to decarbonisation
A new report suggests immediate action aimed at achieving net zero carbon can still offer a significant economic opportunity for Scotland.
IR35 tax reform – time to get to grips with it
At the heart of the IR35 tax reform is £700 million each year in tax avoidance by personal service companies (PSCs), according to HMRC.
Addleshaw Goddard looks to IR35 reforms with new legal director
Addleshaw Goddard is strengthening its Aberdeen team with the appointment of a new legal director.
Is your business Brexit ready?
As Brexit looms near, the Energy Industries Council (EIC), will be holding a series of free regional events and webinars to prepare members and the public how to get their business ready for Brexit.
North Sea capacity dispute shows OGA walking difficult tightrope, lawyer says
The Oil and Gas Authority’s (OGA’s) probe into a capacity dispute between two operators shows the regulator is walking a difficult tightrope, an Aberdeen lawyer said.
Oil firms face rising threat of government sanctions
Oil and gas companies face an increasing risk of government investigations and significant financial penalties if they do not take appropriate steps to comply with international sanctions measures.