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Islamic Finance Update on the Dana Gas Case: Sanctity of English law Contract upheld, Notwithstanding Claims of Shari’ah Non-compliance

This post looks at the recent English High Court decision in Dana Gas PJSC v Dana Gas Sukuk Ltd & Ors [2017] EWHC 2928. Participants in the Middle East (and wider) Islamic finance markets held their breath during much of this year.  This was pending consideration by the High Court in England on some core … Continue Reading

Risk and Reward in the UK Continental Shelf: Key Developments in Q1 2015

Our 2014 series on risk and reward in the UK Continental Shelf (UKCS) outlined the challenges being faced by the UKCS oil and gas industry to remain competitive. A consistent theme emerging from industry stakeholders is that significant fiscal and regulatory reform is required to secure the industry’s long-term future. This post highlights key fiscal … Continue Reading

‘Trigger Happy’: Considering the Requirements of Your Price Review Clause

Given the fall in oil prices, many participants in the oil sector have been forced to re-evaluate their investments.[1]  A drop in oil prices not only impacts the oil industry; it can also have a significant effect on gas and LNG prices around the world.  Many long-term gas and LNG sales agreements continue to peg … Continue Reading

California Finalizes New Fracking Regulations

On December 30, 2014, the California Office of Administrative Law approved permanent regulations issued by that state’s Department of Conservation, Division of Oil, Gas and Geothermal Resources (“Division”) governing fracking.  The regulations follow the Division’s final interim regulations (effective January 1, 2014), which we discussed here, and further implement California’s fracking statute (SB 4), which … Continue Reading

Risk and Reward in the UK Continental Shelf: An Update Looking Into 2015

In November 2014, we published a three-part series outlining the UK Continental Shelf (UKCS) investment outlook and plans for much-needed reforms in the UKCS oil and gas industry. The update below provides an overview of key developments from December 2014 and considers what may lie ahead for the industry in 2015. In December 2014, the price … Continue Reading
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