Oil & Natural Gas

• Oil and gas account for 41 percent of India’s energy consumption. The sustained economic growth in the country over the last five years has led to concurrent growth in energy demand across industrial, transportation and commercial sectors. The government has permitted 100 percent FDI in almost all areas of oil and gas sector that includes exploration and production (E&P), oil marketing, refining, and oil product pipelines.

  Our Legal Team, at Hello Counsel, covers full range of oil and gas transactions from upstream to downstream, including pipelines, liquefied natural gas (LNG), distribution networks, trading and petrochemicals. We assist our clients in development, mergers and acquisitions, joint ventures, privatizations, finance, tax, environmental or litigation work related to oil and gas transactions. We also advice foreign oil companies on establishing wholly owned subsidiary in India. Our clients include public and private sector companies as well as foreign companies.

  We draft and assist our clients in negotiating exploration and Production Sharing Agreements, Gas Transmission Agreements, Farm-in Agreements, LNG Supply Agreement, Pipeline Transportation Contracts, Power Purchase Contracts, Fuel Supply Agreements, Shipping and Bulk Carriage Contracts, Contracts for the Purchase and Leasing of Rigs and other drilling equipments, Natural Gas Gathering and Processing Agreements, Leasing agreements for mines etc. We advise our clients in matters relating to development, transfer and termination of agreements, taxation, private participation in construction contracts and in negotiating, financing and related documentation.

                         

                                                                                                                                                                       Governing Legislations

  • Central Excise Tariff Act, 1985.

  • Contract Act, 1872- Section 73 r/w 74- Breach of contract.

  • Petroleum and Natural Gas Regulatory Board Act, 2008.

                                                                                                                                                                              Courts & Fora

  • Petroleum and Natural Gas Regulatory Board.

                                                                                                                                                                       Concerned Ministry

  • Ministry of Petroleum and Natural Gas

                                                                                                                                                                             Related Links

  • Bare Acts- Related Legal provisions.

  • Judgment- High Court of various states & the Hon'ble Supreme Court of India.

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