Oil and gas
Our team of skilled lawyers provides comprehensive legal services to clients involved in every aspect of the global oil and gas value chain. From upstream exploration and production, through midstream transportation and storage, to downstream refining and marketing, we deliver commercial and solution-oriented advice.
Our lawyers possess extensive industry experience, providing unique insight into the needs of different players in the oil and gas sector. We work collaboratively on complex and multi-jurisdictional projects, transactions, and disputes, enabling our clients to achieve their commercial objectives.
Our clients are diverse and include international oil and gas companies, exploration and production firms, offshore service providers, storage and distribution companies, commercial and multilateral lenders, private equity firms, and government entities.
In situations where complex offshore/floating assets such as MODUs (Mobile Offshore Drilling Units), FPSOs (Floating Production Storage and Offloading units), FSRUs (Floating Storage Regasification Units), and FLNGs (Floating Liquefied Natural Gas units) are involved, we leverage our firm's renowned maritime practice to support our clients' activities.
As the world's leading oil and gas exploration, development, and production companies continue to navigate the transition to more renewable energy production, we recognise the importance of investing time in understanding the implications of this. Our lawyers assist our clients with various issues related to energy transition and other macro trends, including new business models, electrification of the foundation, and digitisation of the business, aiding our clients to stay profitable, attractive to investors, and maintain their "license to operate".
- Regulatory framework for the oil and gas industry, including licensing, local content and business ethics
- Legal issues related to cooperation between JV participants
- Unitisation agreements
- Tie-in agreements
- Transactions, including the purchase and sale of licence shares, infrastructure, companies and assets including rigs, vessels and fleets
- Financing of petroleum activities, including project and asset finance transactions
- Development projects, including FLNG, FSRU, FPSO projects
- Oil and gas services including drilling contracts and offshore charters
- Shipping of gas and tariffs for gas exports
- Gas sale and purchase agreements
- Price regulation under long-term gas sales agreements and dispute resolution (international arbitration)
- Agreements for the construction, conversion and upgrade of vessels and drilling units, including high-specification jack-ups, semi-submersibles and drillships
- Abandonment, decommissioning, demolition and recycling of offshore assets
Read our articles on Oil and Gas
In a significant move within the LNG maritime sector, Wikborg Rein expertly guides Greek shipowner client Dynagas through its sale to Energos Infrastructure of two state-of-the-art Floating Storage and Regasification Units (FSRUs), Transgas Force and Transgas Power.
The long-anticipated BIMCO Price Cap Clause was published on 2 June 2023, in response to the price caps on Russian origin crude-oil and petroleum products introduced by G7, EU and others. In this article we take a practical first look at the clause in context.
We have assisted Dwellop AS with its contemplated business combination with Phuel Oil Tools Limited. Dwellop is Norwegian-based supplier of well intervention solutions within the oil & gas sector and is listed on the NOTC. Phuel Oil Tools also provides solutions within the same sector, with its main base in Scotland and operations in Scotland, Norway, USA and Saudi Arabia.