WFW advises Dana Petroleum on Sales and Purchase Agreement with NEO Energy20 November 2023
Dana’s Western Isles FPSO produces from two oil fields in the Northern North Sea.
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US Sanctions on Venezuela Substantially Eased1 November 2023
On October 18, 2023, the US Office of Foreign Assets Control (OFAC) issued General License 44 broadly permitting US and non-US persons to deal with Venezuelan crude and gas. Under the license, US and non-US persons generally can transport Venezuelan crude and gas until April 18, 2024.
Prestige Oil Spill Aftermath Continues to Linger26 October 2023
It discusses a recent judgment regarding two arbitration awards issued in 2013, ordering a P&I Club to pay damages to France and Spain relating to the pollution caused by the MT Prestige oil spill in 2002.
Countdown to COP: Oil & Gas25 October 2023
In this episode, Mhairi Main Garcia and Joe Levin discuss the important role of the oil and gas industry in the drive towards achieving net zero, placing a huge responsibility on the sector.
False representations in letters of credit: Key developments in Singapore13 September 2023
In this article, the Singapore Dispute Resolution team discusses recent case law developments in banks’ obligation to make payment under letters of credit, where such obligation is tainted by false and/or fraudulent representations made by the beneficiary.
New Buildings Energy Act – promoting Germany’s heating transition11 September 2023
The article provides an overview of the new German Buildings Energy Act and how it will impact municipal heating planning.
WFW advises BW Energy on US$80m prepayment facility for Golfinho oil field offshore Brazil1 September 2023
BW Energy has acquired 100% of the operated working interest in the Golfinho cluster.
WFW advises lenders on £350m UK gas generation project refinancing11 August 2023
This is the largest UK gas generation project in over a decade.
Thumbs up for emojis – the cautionary case of South West Terminal Ltd v Achter Land and Cattle Ltd7 August 2023
This article discusses the recent Canadian judgment of South West Terminal Ltd v Achter Land and Cattle Ltd, which should be noted with caution by trading companies and other organisations whose personnel regularly discuss contract terms via informal communication methods, such as WhatsApp, Telegram or WeChat.
WFW advises Great Horn Investment Holding on US$155m development loan for Djibouti’s Damerjog Industrial Development Free Trade Zone18 July 2023
The facility will finance the construction of the Damerjog Oil Jetty, which will provide marine connectivity to the free zone
Vietnamese Government approves Power Development Master Plan VIII23 May 2023
This article summarises the key features of the new Power Development Master Plan VIII issued by the Vietnamese Government.
Commercial Disputes Weekly – Issue 16216 May 2023
In this issue of Commercial Disputes Weekly, we consider a Supreme Court decision on limitation of time in respect of an oil spill, interpretation of an aviation lessor determination clause, the requirements for formation of a lease and whether it was reasonable to believe that sanctions applied.