Oil and gas
Is there a higher risk of non-approval of PDOs going forward?
The Norwegian state may already today be obliged to refuse approval of new plans for development and operation ("PDO") under Article 112 of the Norwegian Constitution, according to the Norwegian Institute for Human Rights ("NIM"). Although the Ministry of Petroleum and Energy ("MPE") does not agree, it has announced that there will be changes to the PDO guidelines and approval process. In this newsletter, we will comment on these developments.
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Chambers Europe 2021
We are pleased to announce that Wikborg Rein is consolidating our strong position in the Chambers Europe 2021 Guide launched today.
Top ranked in Chambers Global 2021
We are happy to announce that it is once again confirmed by Chambers and Partners that Wikborg Rein is top ranked in Chambers Global 2021.
ICC launches revised Rules for Arbitration: Considerations for commercial parties in the offshore sector
Due to the coronavirus pandemic, conducting arbitration proceedings in 2020 has been challenging for many parties. As a result, several institutions have recognised the need for further developments in procedure and thus this year has resulted in numerous revisions to rules; including the most recent updates of the ICC Arbitration Rules (the "Rules").
Rescue package CCS investments: What does it mean?
A recent rescue package launched by the Norwegian government intends, among other things, to stimulate activity levels through carbon capture and storage ("CCS") investments. What are the main elements of this scheme, and what does it mean for investors and suppliers?