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Oil and gas remain foundational to the global economy, and the technical, commercial and legal frameworks that enable their exploration, development and monetisation are intricate and highly specialised.
Now in its fully updated fourth edition, this best-selling volume provides a clear, practical roadmap to documenting oil and gas transactions across the value chain – from upstream exploration and appraisal, through midstream and downstream development and production, and culminating in the monetisation of hydrocarbons. It distils the essential principles that practitioners need to navigate contracts, risk allocation, regulatory considerations and deal execution in a single reference.
Edited by Renad Younes, partner at Gibson, Dunn & Crutcher LLP and adjunct professor at New York University Abu Dhabi, the fourth edition features fresh insights and new chapters contributed by leading practitioners worldwide. The result is a comprehensive, practice-oriented guide for lawyers, commercial managers and policymakers seeking a deeper understanding of the commercial drivers and legal structures that underpin modern oil and gas projects.
Price: £295.00
Pages: 431
Publisher: Globe Law and Business
Imprint: Globe Law and Business
Publication Date:
15 January 2026
Trim Size: 9.50 X 6.25 in
ISBN: 9781837231461
Format: Hardcover
BISACs:
Preface 5
Renad Younes
Gibson, Dunn & Crutcher LLP New York University Abu Dhabi
Petroleum contracts: licences, concessions, production-sharing agreements and service contracts 7
Jubilee Easo
Eversheds Sutherland
Shale gas 23
James M Costan
Justin J Mirabal
Jennifer A Morrissey
Dena Sholk
Dentons US LLP
Navigating change: key trends shaping the US oil and gas industry 59
Rahul D Vashi
Gibson, Dunn & Crutcher LLP
Upstream joint operating agreements 85
Priya Shah
Mayer Brown
Boundary delimitation and hydrocarbon resources 111
Mhairi Main Garcia
Fajr Capital
Navigating the complexities of upstream engineering, procurement, construction and oilfield services contracts 143
Mark Osa Igiehon
Aberdeen Commercial-Legal Consulting Group; Energy & Extractives for Good Development Centre; University of Aberdeen Centre for Energy Law
Financing upstream developments 167
Adrian Lawrence
Ashurst LLP
Nicholas Ross-McCall
CMS
End of concession: practical considerations for a smooth transition 201
Trinh Chubbock
Gibson, Dunn & Crutcher LLP
Decommissioning of upstream oil and gas facilities 217
Mark Osa Igiehon
Aberdeen Commercial-Legal Consulting Group; Energy & Extractives for Good Development Centre; University of Aberdeen Centre for Energy Law
Gas sales agreements 239
Daniel O’Neill
Jadestone Energy plc
Crude oil sale and purchase agreements 269
Alistair Feeney
HFW
Shipping arrangements 283
Denys Hickey
39 Essex Chambers
LNG: overview, project structuring and sale and purchase agreements 295
Daniel Reinbott
Baker Botts LLP
LNG to power 337
Anna Howell
Orrick, Herrington & Sutcliffe LLP
Introduction to downstream projects 353
Anne Wicks
Mayer Brown LLP
Blue hydrogen – a low-carbon extension of the oil and gas value chain 371
Samuel Ogunlaja
Gibson, Dunn & Crutcher LLP
Farm-outs 397
Andrea Calla
Gibson, Dunn & Crutcher LLP
Oil and gas disputes 409
Mark Clarke
Akin Gump Strauss Hauer & Feld LLP
James Hart
White & Case LLP
About the authors 423
About Globe Law and Business 431