Even in this time of great uncertainty caused by the Covid-19 pandemic and lower oil prices, corporate M&A and private equity investment in the energy sector is not dead.
The current collapse in the price of crude oil is the most extreme so far this century. It has already had significant impact on the oil industry, leading to some declarations of force majeure (examples include licenses and contracts in Iraq and the Gulf of Thailand). The question we address here is: what will the impact be on upstream producing countries? And more specifically, how should upstream countries react if companies approach them for fiscal concessions, citing marginal economics?
Since the onset of the Covid-19 outbreak and oil price crash, huge amounts of pressure have been heaped on directors of oilfield service (OFS) businesses.
The Energy industry has taken another battering. But unlike previous economic hurricanes, this time within weeks centrally funded support was made available in the form of furlough leave and pay.
International oil and gas companies operating in the Gulf are well-versed in dealing with fluctuating oil prices.
A toxic cocktail of the Covid-19 outbreak and an act of self-sabotage by two of the world’s biggest oil nations has created unprecedented and overwhelming currents for the oil and gas industry to swim against.
The Oil & Gas Technology Centre (OGTC) will launch the first of its Tech20 Virtual series with ‘Artificial Intelligence vs Data Privacy: a 21st century David and Goliath story’, taking place Friday 3 April, 11:00-12:00 GMT.
A new report suggests immediate action aimed at achieving net zero carbon can still offer a significant economic opportunity for Scotland.
At the heart of the IR35 tax reform is £700 million each year in tax avoidance by personal service companies (PSCs), according to HMRC.
Addleshaw Goddard is strengthening its Aberdeen team with the appointment of a new legal director.
As Brexit looms near, the Energy Industries Council (EIC), will be holding a series of free regional events and webinars to prepare members and the public how to get their business ready for Brexit.
The Oil and Gas Authority’s (OGA’s) probe into a capacity dispute between two operators shows the regulator is walking a difficult tightrope, an Aberdeen lawyer said.
Oil and gas companies face an increasing risk of government investigations and significant financial penalties if they do not take appropriate steps to comply with international sanctions measures.