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Oil & Gas European Union

Latham & Watkins LLP

Sanctions Update EU and UK Tighten Restrictions on Russian Oil and Provision of Software to Russia

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During 18-19 July 2025, the EU unveiled its 18th “package” of sanctions launched against Russia since Russia’s invasion of Ukraine in February 2022. Among these measures, the EU seeks to close an apparent loophole by which...more

Bracewell LLP

Crude Realities: The Evolving Impact of UK and EU Sanctions

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Recent months have seen a number of significant sanctions developments, giving rise to changes in the international compliance landscape. In this article, we collect the key issues and set out our analysis of what this means...more

Hughes Hubbard & Reed LLP

The EU Adopts Broad New Sanctions Against Russia, Including 17th and 18th Packages, and Belarus Sanctions Alignment Package

The European Council ended a highly active semester on the economic sanctions front with the adoption of its 17th and 18th economic sanctions packages (Russia Sanctions Packages or Sanctions Packages) against Russia for its...more

Mayer Brown

UK Weekly Sanctions Update - Week of July 14, 2025

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RUSSIA SANCTIONS - UK Lowers Oil Price Cap on Seaborn Russian Crude Oil, OFSI publishes related FAQs: On July 18, 2025, the UK Government, alongside the EU, announced that it will lower to Oil Price Cap on seaborne Russian...more

Jones Day

The Climate Report | Second Quarter 2025

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Trump Paves Way for Coal Renaissance and Targets State Climate Change Efforts - In early April, President Trump issued several presidential actions to revive the coal industry, including rolling back environmental...more

Eversheds Sutherland (US) LLP

Syria sanctions lifted after decades

On May 23, 2025, the Office of Foreign Assets Control (OFAC) issued General License 25 (GL 25), authorizing transactions prohibited by the Syrian Sanctions Regulations, effectively lifting sanctions on Syria. This comes 10...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, V 9, Issue 5, May 2025

Welcome to our fifth issue of Currents 2025. We are covering a multitude of issues in this edition, but we want to pass along an announcement and an event notice first. Again, thank you for reading! Tapping Into Common...more

White & Case LLP

Are you ready for the new EU rules on methane emissions in the energy sector?

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The EU Regulation on the Reduction of Methane emissions in the Energy sector ("MERR") seeks to reduce methane emissions from the EU's fossil fuel production and import. The MERR includes obligations to report on and limit the...more

Hogan Lovells

New EU and UK sanctions developments (Russia, Belarus and Syria)

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The EU’s 16th sanctions package on Russia represents a significant expansion of measures, including additional restrictions on Russian banks, further oil and gas related restrictions, and new export and import restrictions. ...more

Skadden, Arps, Slate, Meagher & Flom LLP

Latest EU Sanctions Extend Asset Freezes, Restrict Oil Industry Dealings and Target ‘Shadow Fleet’

The European Union (EU) has reaffirmed its sanctions policy toward Russia by implementing two rounds of restrictive measures that are intended to further intensify pressure on Russia’s government and economy. Specifically,...more

A&O Shearman

Widening the sanctions net in uncertain times: latest developments in the U.S., EU, and U.K.'s sanctions targeting Russia

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In the context of the third anniversary of Russia’s invasion of Ukraine, the U.S., EU, and U.K. continue to implement new measures to stifle Russia’s war efforts. The Biden administration continued to escalate sanctions...more

Alston & Bird

EU Imposing New Sanctions on Russia as U.S. Engages in Peace Talks

Alston & Bird on

Following the first day of formal discussions between the United States and Russia about the potential of ending the Russia/Ukraine conflict, the EU is reportedly moving forward with additional sanctions against Russia. The...more

Paul Hastings LLP

Dutch Appeal Court Overturns Emissions Reduction Targets on Shell

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On April 5th, 2019, environmental activist group Milieudefensie (Friends of the Earth) Netherlands and co-plaintiffs served Shell a court summons alleging Shell’s contributions to climate change violated its duty of care...more

Flaster Greenberg PC

If Europe Freezes, Will Ukraine Burn?

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As I predicted might happen in a previous article, Ukrainian President Volodymyr Zelenskyy stopped Russia from exporting oil and natural gas pumped in Russia through pipelines traversing Ukraine to Austria, Hungary and other...more

Baker Botts L.L.P.

Energy Updates – January 2, 2025

Baker Botts L.L.P. on

Happy New Year! Buckle your seatbelts — it’ll be a wild ride in the energy space in 2025! What’s in a name? Jennifer Hiller at The Wall Street Journal reports that the renewables industry has gone into “defense mode”...more

Flaster Greenberg PC

Europe's Latest Energy Challenge - Expiring Russia/Ukraine Transit Agreement

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Despite being at war for almost three years, Russia has continued to ship natural gas via pipelines through Ukraine to other countries in Europe. That has kept money flowing to both countries, which helps as they try to kill...more

Baker Botts L.L.P.

Questions & Unsatisfactory Answers: The European Commission publishes guidance on the importer requirements of the EU Methane...

Baker Botts L.L.P. on

Today, the European Commission published the document “Questions and answers on importer requirements of EU Methane Regulation (EU) 2024/1787” (the “Methane Q&A”). In short, the Methane Q&A is an attempt, but an insufficient...more

Flaster Greenberg PC

Putin Faces Risks His Energy Holdings Cannot Prevent?

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As the Ukraine war progresses toward its third winter, Russian President Vladimir Putin finds himself besieged on numerous fronts. During the first 30 months of this conflict, Putin used his vast energy resources to hedge...more

Jones Day

What Does a New UK Government Mean for Climate Change?

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On July 4, 2024, the UK general election took place, and the Labour Party won with a significant majority. After 14 years of Conservative Party rule, a number of changes are now expected in respect of the UK's position on...more

Baker Botts L.L.P.

EU Methane Regulation: A problem for the LNG industry?

Baker Botts L.L.P. on

On 15 July 2024, “Regulation (EU) 2024/1787 of the European Parliament and of the Council of 13 June 2024 on the reduction of methane emissions in the energy sector and amending Regulation (EU) 2019/942” (the “EU Methane...more

Cornerstone Research

U.S. Natural Gas Marketed Production Reaches Record Highs

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Ukraine War contributes to substantial increase in U.S. LNG exports to Europe. Washington—Annual marketed production of natural gas increased in the United States to a record high in 2022...more

McDermott Will & Schulte

Antitrust M&A Snapshot - Q2 2024

UNITED STATES - - Agencies Revisiting Consummated Mergers - What’s old is new again, as agencies are increasingly scrutinizing consummated mergers from years past. In May 2024, the US Department of Justice (DOJ), Antitrust...more

Jones Day

UK Supreme Court Quashes Planning Permission Due to a Failure to Consider Downstream (Scope 3) Greenhouse Gas Emissions

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The Situation: On June 20, 2024, the UK Supreme Court handed down a landmark decision in R (on the application of Finch on behalf of the Weald Action Group) (Appellant) v Surrey County Council and others (Respondents) [2024]...more

K&L Gates LLP

June 2024 ESG Policy Update—Australia

K&L Gates LLP on

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

Akin Gump Strauss Hauer & Feld LLP

Downstream GHG Emissions to be Taken into Account in Planning Decisions

In a decision with far-reaching implications, the UK Supreme Court has determined that a grant of planning permission for oil production was unlawful for failing to take into account downstream greenhouse gas (GHG) emissions...more

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