UK: Clyde & Co Launches Global Oil Price Volatility Report
Last Updated: 27 April 2016

Global law firm Clyde & Co has today launched an in depth report, which analyses the risks and opportunities facing the industry as a result of global oil price volatility.

A series of geo-political and market factors has driven volatility in the oil price and exerted enormous downward pressure on profitability across the sector. This has resulted in widespread job losses and significant cuts in current and future projects.

The report is based on our recent global survey of the oil & gas industry. The report contains recommendations on what can be done from a legal perspective to meet the challenges presented by the prolonged low oil price.

Respondents to the survey ranged from NOCs, IOCs and contractors to financiers and traders based in key oil & gas jurisdictions worldwide.

The aim of the report was to:

  • Determine what the global trends, challenges and concerns are in light of the low oil price and continuing financial pressures this is exerting at all levels
  • Identify 'legal tips' which will enable businesses to address decision making in a proactive rather than reactive manner
  • Identify the positive business opportunities which have arisen as a result of the current market conditions

The report takes a practical look at how to deal with the key legal issues businesses are facing. In particular, we focus on opportunities for increased M&A activity; the potential for more disputes and litigation to occur; and the very real possibility of business distress becoming business failure.

Philip Mace, Partner at Clyde & Co, comments: "There is much that can be done now to take advantage of business opportunities, and to avoid many of the legal pitfalls which might arise as a result of the current market. We hope that this report will prove a useful asset to its readers."

To receive a copy of the study, please click here

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