The oil price plunge starting on March 6 seems like a sucker-punch to the oil and gas industry after the price decreases and market unrest as a result of COVID-19.
Whether you are under duress because of the oil price drop or doing business with distressed counterparties or in a position of looking for buying opportunities, Shearman & Sterling's U.S. Energy team has authored a series of articles highlighting issues to think about on each of the following fronts:
- Analyzing liquidity and planning for challenges
- Navigating counterparty insolvency
- Buying assets from distressed companies
- Considerations for international companies buying assets from distressed companies in the U.S.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.