Prior to the recent collapse in oil values, prices existed at over $100 a barrel for over three years. It made the economics of oil exploration, production and sale comparatively straightforward, but embedded costs into the industry.
Price Volatility
‘Fit For 50’ – Restructurings Likely As Oil Industry Enters New Normal
By Simon Tysoe | Latham & Watkins LLPSign up and get Breaking Energy news in your inbox.
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The success of Riyadh’s new economic policy will partly depend on changes in social and political attitudes, as well as greater transparency on legal and other issues. In 1984, a British ambassador departing Saudi Arabia at the end of his tour wrote a “valedictory telegram” defining the kingdom in terms of three “I’s” — Islam,… Keep reading →
Oil Price Turbulence Benefits The Opportunistic
By Simon Tysoe | Latham & Watkins LLP
The prolonged turbulence in oil prices has brought cost reduction programmes, the shelving of projects, and insolvencies in the oil field services (OFS) and exploration and production (E&P) sectors — and has presented a once in- a-generation buying opportunity.
The Oil And Natural Gas Industry: The Impacts And Uncertainty Continue
By W. Eric Gadd | Spilman Thomas & Battle, PLLC
By now we’ve all seen the headlines: “Oil crashes below $27 a barrel,” “Oil prices likely to remain low 3-5 years” and “U.S. oil bankruptcies spike 379%.”
Energy News Roundup: Murray Energy Halting Mining Operations, New Energy Efficient Bike & Oklahoman Oil Companies Reeling
By Conor O'Sullivan
A large West Virginia underground coal mine owned by Murray Energy is halting production for nearly two weeks, and the rest of the company’s mines are running on part-time schedules due to reduced demand from electric utilities. [ABC] The CEO of the company behind the popular 5-hour Energy drink is spearheading an ambitious project to… Keep reading →
Here is a pretty crazy sequence of events that just went down in the Houston legal market.
Energy News Roundup: Gates Climate Gambit, TTIP’s Promise To Big Oil & Markets Sliding Further
By Conor O'Sullivan
Bill Gates has stated that it’s not enough to use “lots of crazy-seeming ideas” to solve climate change. The cost of such clean energy must be lower than today’s options. [USA Today] The European Union’s trade commissioner told the multinational oil company ExxonMobil that a major free trade deal being negotiated with the US would help… Keep reading →
Houston: We Have Another Problem
By Environmental Defense Fund Energy Exchange Blog
As oil and gas leaders converge on Houston for the year’s largest industry conference, CERA Week, falling oil and gas prices are understandably top of mind and a cause for concern for the industry. But there is another decline story underway in industry, one that poses a risk to the future of hydrocarbons in a… Keep reading →
Restructuring Oil And Gas Partnership Debt? Tax Planning Is Key
By James Cole, Timothy Fenn, Jared Grimley, Joseph Kronsnoble, Bryant Lee | Latham & Watkins LLP
Tax partnerships, including MLPs, seeking to restructure debt face peril and possibility during challenging times.
Energy News Roundup: Global Warming And Virus Threat Linked, Energy Shares Rise & Ugandan Energy Election Gambit
By Conor O'Sullivan
The global public health emergency involving deformed babies emerged in 2015, the hottest year in the historical record, with an outbreak in Brazil of a disease transmitted by heat-loving mosquitoes has given credence to the negative impacts of global warming. [The NY Times] U.S. stocks tallied their third straight session of gains on Wednesday,… Keep reading →
