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Energy & Climate Change

A key driver of the global economy, the energy sector is affected by geopolitical, economic and regulatory pressures. You require advisors who understand your industry and work with leaders of energy companies, regulators, governments, industry bodies and investors on the cutting edge of commercial, regulatory and risk issues in the sector.

As the leading firm in the energy sector globally, CMS boasts an internationally integrated practice providing services to energy companies operating around the world. We have helped to shape the sector by advising on the most high-profile and ground-breaking projects and transactions over many years.

Our dedicated energy lawyers work in every part of the sector, including upstream and downstream oil & gas, electricity, nuclear and renewables. Whether you are a NOC, IOC, independent, electricity company, investor, government or financial institution, we have the energy specialists to meet all your strategic challenges globally.

Our multi-disciplinary teams advise on ground-breaking global oil and gas M&A and on energy projects in Latin America and around the world, including advising on the recent, historic electricity industry reform in Mexico.

High­lights of our ex­per­i­ence in En­ergy in Brazil
An Asi­an oil ser­vices group on mul­tiple tenders to sup­ply ves­sels and as­so­ci­ated ser­vices to Pet­ro­bras, in­clud­ing in re­la­tion to FPSOs, RSV and OS­RV ves­sels.Premi­er Oil Hold­ings Ltd on its par­ti­cip­a­tion...

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10/08/2022
En­ergy – pun­it­ive in­terest where there is “Sig­ni­fic­ant Con­nec­tion with...
Sum­mary The Late Pay­ment of Com­mer­cial Debts (In­terest) Act 1998 im­plies a term in Eng­lish law con­tracts for the sup­ply of goods and/or ser­vices in the event of late pay­ment by the pur­chaser.  This ‘stat­utory...
04/07/2022
Sus­tain­able De­vel­op­ment Goals and Re­act­ive Leg­al Lim­it­a­tions Per­vade the...
On 24 June 2022, the 53 Con­tract­ing Parties of the En­ergy Charter Treaty (ECT), a key mul­ti­lat­er­al treaty pro­tect­ing cross-bor­der en­ergy in­vest­ments that was ori­gin­ally con­cluded in 1991, reached a tent­at­ive...
01/06/2022
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, stay­ing ahead of the curve and know­ing what’s next for your busi­ness or sec­tor is es­sen­tial.At CMS, we see ourselves not only as your leg­al ad­visers but also as your busi­ness part­ners. We work to­geth­er with you to not only re­solve cur­rent is­sues but to an­ti­cip­ate fu­ture chal­lenges and in­nov­ate to meet them.With our latest pub­lic­a­tion, CMS Next, our ex­perts will reg­u­larly of­fer you in­sights in­to and fresh per­spect­ives on a range of is­sues that busi­nesses have to deal with – from ESG agen­das to re­struc­tur­ing after the pan­dem­ic or fa­cing the di­git­al trans­form­a­tion. We will also share with you more about the work that we are do­ing for our cli­ents, help­ing them in­nov­ate, grow and mit­ig­ate risk.To be able to provide you with the best sup­port, we im­merse ourselves in your world to un­der­stand your leg­al needs and chal­lenges. However, it is equally im­port­ant that you know who we are and how we can work with you. So, we in­vite you to meet our ex­perts and catch a glimpse of what is hap­pen­ing in­side CMS.En­joy read­ing this pub­lic­a­tion, which we will up­date reg­u­larly with new con­tent.CMS Ex­ec­ut­ive Team
20/05/2022
Amended IC­SID Rules to enter in­to force on 1 Ju­ly 2022
On 21 March 2022, the Mem­ber States of the In­ter­na­tion­al Centre for Set­tle­ment of In­vest­ment Dis­putes (IC­SID) ad­op­ted a com­pre­hens­ive set of amend­ments to IC­SID ar­bit­ra­tion and con­cili­ation rules (“IC­SID...
21/04/2022
En­ergy: Con­sequences of not ex­er­cising an op­tion
In Thurcroft Power Lim­ited v. Volta En­ergy Group Lim­ited [2022] EWHC 338 (Comm), the Com­mer­cial Court de­cided that an op­tion agree­ment con­cern­ing the early stages of a bat­tery stor­age de­vel­op­ment did...
16/12/2021
Car­bon mar­kets and COP26
After six years of ne­go­ti­ation, COP26 re­solved one of the out­stand­ing is­sues of the Par­is Rule­book when it reached a con­sensus on a glob­al car­bon mar­ket mech­an­ism. Art­icle 6 of the Par­is Agree­ment set...
15/12/2021
A role for coal?
The Glas­gow Cli­mate Pact is the first COP de­cision to men­tion coal. This has been widely viewed as a real achieve­ment. Even cam­paign­ers who slam the word­ing of the Pact tend to see the in­clu­sion of coal...
14/12/2021
Fin­an­cing COP 26 out­comes
It was a wa­ter­shed mo­ment, ac­cord­ing to Mark Car­ney. The UN Spe­cial En­voy for Cli­mate Ac­tion and Fin­ance was in­tro­du­cing the Glas­gow Fin­an­cial Al­li­ance for Net Zero (Gfanz): over 450 banks, as­set man­agers...
13/12/2021
Green­house gas re­movals: new tech­no­lo­gies and new mar­kets
“Keep 1.5 de­grees alive” was a com­mon slo­gan at COP26. The Glas­gow Cli­mate Pact which con­cluded the con­fer­ence re­af­firmed the goal, set in the Par­is Agree­ment, to “pur­sue ef­forts to lim­it the tem­per­at­ure...
03/12/2021
De­mur­rage re­vis­ited: What loss does it li­quid­ate?
In K Line PTE Ltd v Pri­minds Ship­ping (HK) Co Ltd (“Etern­al Bliss”) [2021] EW­CA Civ 1712, the Court of Ap­peal has re­vis­ited the Com­mer­cial Court de­cision that sought to re­solve a ‘long-stand­ing...
02/11/2021
The ce­re­mo­ni­al open­ing of COP 26
Sunday morn­ing saw the open­ing of COP26 in Glas­gow. For the next two weeks, glob­al heads of state, cli­mate ex­perts, and civil so­ci­ety will par­ti­cip­ate in a series of talks, ne­go­ti­ations, and events, all...
03/08/2021
Oil & Gas – You re­ject if you want to, the Product is not for re­jec­tion!
The Com­mer­cial Court has de­cided that a Buy­er un­der the BP Gen­er­al Terms and Con­di­tions for Sales and Pur­chases of Crude Oil and Pet­ro­leum Products 2015 Edi­tion was not en­titled to re­ject off-spec Product...