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Upstream

As consumption of oil and gas is forecast to increase dramatically, driven primarily by economic growth in developing markets, oil and gas producers are looking to less accessible parts of the globe and to new innovative technologies to locate this increasingly valuable resource.

Exploration and production, or upstream is a complex, competitive, capital intensive and high risk industry, increasingly governed by extensive environmental, safety and financial regulations. Significant advances relating to shale gas and other new technologies mean that the E&P map is constantly changing.  All these factors make this an exciting industry to work in, and one that requires its advisers to have sector–specific knowledge backed up by a global resource capability.

Allen & Overy's integrated practice continues to be at the forefront of the upstream oil and gas sector, advising IOCs, NOCs, independents, governments, funders (equity and debt) and oilfield services companies on market leading transactions.  We have market leading upstream experts throughout our network including Austria/CIS and Asia Pacific. 

 

News and insights

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News: 26 July 2022

Allen & Overy advises energy group Uniper on EUR 15 billion stabilisation package

Allen & Overy LLP advised the listed energy group Uniper SE (Uniper) on substantial elements of a stabilisation package with a total size of EUR 15 billion, which was agreed between Uniper, the German…

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person climbing ladders

Publications: 04 January 2022

Polish hydrogen strategy

New opportunities for the development of a low carbon hydrogen economy in Poland

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Employee working on a gas utility site

Publications: 16 December 2021

European commission boosts decarbonised gases with new gas package

On December 15, 2021 the European Commission published a proposal for a revised Gas Directive and a revised Gas Regulation.

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Building columns

Publications: 25 February 2021

Okpabi: Supreme Court rules that Nigerian communities can sue Shell and its Nigerian subsidiary in England

Okpabi and others (Appellants) v Royal Dutch Shell Plc and another (Respondents) [2021] UKSC 3, 12 February 2021.

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