Full Description
Dear Reader,
Welcome to the 2026 edition of ICLG - Oil & Gas Regulation. Ashurst LLP is delighted
to serve as the Guide's Contributing Editors and authors of two chapters.
Recent world events as at the start of the second quarter of the 21st century are a
reminder of the fact that the oil and gas industry is not only impacted by geopolitical
events but its importance across the globe can also shape both alliances and conflicts.
What is clear, however, is that in the age of artificial intelligence, continued population
growth, and the drive towards electrification, our need for energy continues
to rise. Energy companies face the challenge of responding to that need, through
continued investment in oil and gas resources as well as decarbonisation technologies,
while navigating changes in government policy and priorities. As noted by the
International Energy Agency in its World Energy Outlook 2025, countries are prioritising
energy security and affordability but are using different levers to achieve this,
with some taking further steps to transition away from fossil fuels, while others are
focusing on securing oil and gas supplies.
The management and regulation of oil and gas is a complex area (perhaps more so
now than ever before), balancing such diverse and sometimes conflicting issues as
generating national wealth, energy security, environmental protection and, increasingly
in recent years, the need to address climate change. It is a vastly important,
fascinating and ever-changing area. It is also very much an international area, with
governments, regulators, oil and gas companies and their advisors alike looking
beyond the confines of national boundaries to consider the oil and gas regulation
landscape across different jurisdictions.
As well as considering oil and gas regulation, we also continue to track developments
in the key decarbonisation technologies relevant to the oil and gas sector, such as clean
hydrogen and carbon capture and storage, in the jurisdictions covered by this Guide.
This Guide follows a practical Q&A format, which allows for easy navigation of
the many different facets of oil and gas regulation, and facilitates comparing and
contrasting specific areas in different jurisdictions.
Contents
Navigating Pre-emption Rights in Oil and Gas Transactions: 10 Practical Steps
Tom Cummins & Michael Choi, Ashurst LLP
Argentina
Agustín Siboldi, Ana Belén Micciarelli &
Jorge Luis Ariza, O'Farrell
Brazil
Raphael Paciello, Rafael Figueirôa Goldstein,
Mauricio Andre Alves & Hugo Perez Gesualdo,
Pinheiro Neto Advogados
Bulgaria
Milan Pandev, Yana Obreshkova & Vladimir Nedev,
Djingov, Gouginski, Kyutchukov & Velichkov
Cameroon
Sarada Nya & Emmanuelle Essenen,
NYA & CO. LAW FIRM
Canada
Evan Herbert & Max Ettinger,
Blake, Cassels & Graydon LLP
Croatia
Marin Curić, Cerovski, Curić & Rakitničan Law Firm, GP
Egypt
Dahlia Zamel, MENA Associates in association with
AMERELLER
Gabon
Jean-Pierre Bozec, Project Lawyers
Greece
Eleni S 90 tazilova, Bernitsas Law
India
Anuja Tiwari, Mallika Anand, Shikhar Thukral &
Priti Sanjay, AZB & Partners
103
Indonesia
Michael D. Twomey, Fransiscus Rodyanto &
Cut Meutia Rizkina Zagloel, SSEK Law Firm
118
Italy
Roberto Leccese & Andrea Marega,
Ughi e Nunziante - Studio Legale
127
Kazakhstan
Yelena Manayenko, Shayakhmet Zharkimbayev,
Dianna Ten & Dinmukhamet Nurakhmet,
AEQUITAS Law Firm
140
Nigeria
Okechukwu Okoro, Samuel Dunmade,
Victor Ayo-Odewale & Iyanuoluwa Adeyemo, G Elias
South Africa
Nkonzo Hlatshwayo & Phuti Mashalane,
Werksmans Attorneys
168
United Kingdom
Julia Derrick & Justyna Bremen, Ashurst LLP
Venezuela
Jaime Martínez Estévez & Rubén Darío Valdivieso,
Rodner, Martínez & Asociados
177
214
USA
John Cogan, Cogan & Partners LLP
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