UK Budget 2024 – Key Takeaways for the Energy Sector
What impact might the UK Government’s 2024 budget have on the country’s energy strategy, security and net zero ambitions?
From extraction and processing to distribution, trading and financing, the oil and gas supply chain is highly interdependent. Our comprehensive understanding of every aspect of the industry enables our oil and gas specialists to work together on complex and multi-jurisdictional projects, transactions and disputes to help our clients achieve their commercial goals.
Our work includes advising on the acquisition and disposal of oil and gas assets, project development, investments and financing.
A particular strength is reserve-based lending where we advise on the financing of both development and producing assets globally. We also draw on the firm’s acknowledged expertise in the maritime sector to support clients whose activities involve complex offshore/floating assets such as FPSOs (Floating Production Storage and Offloading), FSRUs (Floating Storage Regasification Units) and LNG (Liquefied Natural Gas).
We count national oil companies, E&P companies, offshore services, storage and distribution companies, lenders (both commercial and multilateral) and investors (including private equity) among our clients.
What impact might the UK Government’s 2024 budget have on the country’s energy strategy, security and net zero ambitions?
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A look at key aspects of the new UK Listing Rules and other recent developments of note.