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 (Civil Division)
    • 16 Dec 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 Jan 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
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Law Firm Commentaries
  • UK Oil Market Speculation
    • LexBlog United Kingdom
    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
    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
    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
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