Oil in UK Law

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Leading Cases
  • Strick v Regent Oil Company Ltd ; Regent Oil Company Ltd v Commissioners of Inland Revenue
    • Court of Appeal
    • 08 Jun 1964

    The company say to the retailer "We will pay you £5,000 if you will sell our products exclusively at this point for five years" or 10 or 21 as the case may be. In return they get an advantage which is of enduring benefit to the company. It brings in revenue to the company week after week, and month after month, from the petrol they supply to the retailer. I have no doubt this advantage is a capital asset and the payment for it is capital expenditure.

  • Humber Oil Terminals Trustee Ltd v Associated British Ports
    • Chancery Division
    • 29 Jul 2011

  • North Sea Energy Holdings N.v v Petroleum Authority of Thailand
    • Court of Appeal
    • 16 Dic 1998

    That was dependant on actions of third parties, actions of MSH and actions of PTT. However in a loss of a chance case it is for the plaintiffs MSH to prove on the balance of probabilities that they would have taken the action required by them to produce the deliveries of oil, and that in so far as the production of oil was dependant on the actions of third parties that there was a real or substantial chance that the oil would be produced.

    At the time of the repudiation found by the judge it was predestined that without the information as to the ports of discharge no confirmation could be obtained from the original supplier. Indeed it was predestined that no oil could be delivered by MSH without the information. It was also predestined at that time that PTT would not supply that information. Only if PTT were in breach of contract for failing so to do could MSH succeed on a claim for damages.

  • Allen v Gulf Oil Refining Ltd
    • House of Lords
    • 29 Ene 1981

    It is now well settled that where Parliament by express direction or by necessary implication has authorised the construction and use of an undertaking or works, that carries with it an authority to do what is authorised with immunity from any action based on nuisance.

  • Kensington International Ltd v Republic of the Congo (Formerly the People's Republic of the Congo) and Others (Defendant Third Parties)
    • Queen's Bench Division (Commercial Court)
    • 28 Nov 2005

    On the materials available to me, I agree with paragraph 32 of the judgment of Tomlinson J where he found that SNPC is simply part of the Congolese State and has no existence separate from the State. Whilst it previously traded through SNPC UK and now trades itself or through its subsidiary Cotrade, it acts as the trading arm of the State and is controlled by it, whilst putting into effect Government policy in relation to oil and oil products.

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Legislation
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Books & Journal Articles
  • Oil.
    • Núm. 445, Noviembre 2005
    • New African
    ...In the wake of runaway oil prices, all attention turned to Africa in late September when the World Petroleum Council (WPC), the leading oil and gas organisation, held its first ever congress in Africa since its formation in 1933. With 57 member count......
  • Oil projects lead the market.
    • Núm. 1992, Julio 1992
    • The Middle East
    Abu Dhabi is the United Arab Emirates' prime producer of oil with reserves are 92 billion barrels with gas reserves of 314 trillion cubic meters. Competition among oil companies has paved the way f...
    ...THE MANUFACTURING sector in the individual emirates varies basically according to the share of oil income in government revenues. With the largest slice of the UAE's oil production, Abu Dhabi has thus concentrated its efforts in oil-related ventures.......
  • Markov Switching Oil Price Uncertainty
    • Núm. 81-5, Octubre 2019
    • Oxford Bulletin of Economics and Statistics
    We investigate whether the United States economy responds negatively to oil price uncertainty and whether oil price shocks exert asymmetric effects on economic activity. In doing so, we relax the a...
  • Not all demand oil shocks are alike: disentangling demand oil shocks in the crude oil market
    • Núm. 4-1, Febrero 2011
    • Journal of Chinese Economic and Foreign Trade Studies
    Purpose: The purpose of this paper is to re‐examine the structural origins of international crude oil price fluctuation. Design/methodology/approach: The paper establishes a structural vector auto...
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Law Firm Commentaries
  • UK Oil Market Speculation
    • LexBlog United Kingdom
    • 28 de Julio de 2009
    Britain’s Financial Services Authority is poised to find that recent oil market volatility has more to do with uncertainty over economic growth than speculation in the market, according to this art...
  • Premier Oil Scheme – Scottish Sanction Judgment
    • JD Supra United Kingdom
    • Weil, Gotshal & Manges LLP
    • 13 de Mayo de 2020
    On Wednesday 29 April the Outer House of the Court of Session in Edinburgh issued an opinion sanctioning two schemes of arrangement proposed by Premier Oil Plc and Premier Oil UK Limited (together,...
  • Legal Brexit: Energy - Oil & Gas
    • JD Supra United Kingdom
    • Akin Gump Strauss Hauer & Feld LLP
    • 24 de Septiembre de 2016
    On 23 June 2016, the UK electorate voted in a referendum to leave the European Union (EU). This outcome is expected to have far-reaching consequences for UK industry, including the oil & gas s...
  • Mayer Brown Oil & Gas Lawyers' Forum 2021
    • Mondaq UK
    • 8 de Enero de 2021
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