Publication
UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Global | Publication | March 2, 2018
Continuing the trend of successful upstream bids in Mexico (which to date have awarded more than 90 contracts) the National Hydrocarbons Commission (CNH) formally announced and approved the bidding guidelines for the highly anticipated gas-focused third bidding process of Round 3 (3.3).
CNH informed that Round 3.3 will offer 9 onshore contractual areas located in Tamaulipas (northern Mexico), including conventional and unconventional fields with dry gas and wet gas as expected resources.
The contracts to be awarded as part of Round 3.3 will follow the license model, widely favored by interested bidders in past CNH rounds. The full bidding guidelines were published today, and substantially follow the same model that has proved very successful since the CNH rounds began in late 2014.
Interested parties may begin the prequalification process immediately and request access to the bid data room starting next Monday. As of now, the submission and opening of proposals is scheduled for September 5, 2018, with the award set to be issued on September 7, 2018.
Round 3.3 supplements Round 3.1 (offering 35 contractual areas in shallow waters of the Gulf of Mexico, with wet gas, dry gas, light oil and heavy oil as expected resources) and Round 3.2 (offering 37 onshore contractual areas, with oil and non-associated gas as expected resources).
Publication
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication
International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
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