M&A Year in Review 2023 brochure - Flipbook - Page 22
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Energy and
Natural Resources
Sector performance
In 2023, the energy and natural resources sector
continued its shift away from fossil fuels toward clean
energy technologies. High commodity prices in the oil
and gas segment improved producers’ financial strength
and cash flows.
In response to the heightened focus on decarbonization
and responsible business practices, and the introduction
of new and expanded tax incentives and government
legislation, businesses across the globe aimed to
transform their strategic models. As a result, the sector
saw increased investments in energy transition
technologies and clean energy sources, such as
renewables, hydrogen, nuclear, and carbon capture and
storage (CCS).
Hogan Lovells activities
Energy transition remained at the forefront of our
Energy and Natural Resources team’s work in 2023, as
we helped clients across sectors to explore opportunities
in hydrogen, battery storage, CCS, carbon trading, smart
metering, and more.
We hosted a Global Energy Outlook webinar, during
which we discussed the deals, disputes, and regulatory
trends impacting energy transition. We also released
thought leadership covering key industry topics, such as
the race to secure the critical minerals driving the shift
to sustainable energy, and published the 2023 edition of
Offshore Wind Worldwide: Regulatory Framework in
Selected Countries.
