Upstream oil and gas producers and oilfield service companies are facing new uncertainties from recently imposed federal tariffs. In early 2025, the US expanded tariffs on a broad range of imports, ...

When two parties negotiate a contract, they generally are more focused on a positive outcome than the "what-ifs" that might occur during the course of the relationship. While many contracts are placed ...

Cost increases, like tariffs, are often considered by courts to be foreseeable business risks that do not support invoking a force majeure defense. Therefore, it would be unlikely that an impacted ...