With over $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization. Many...more
8/21/2019
/ Alternative Reference Rates Committee (ARRC) ,
Banking Sector ,
Benchmarks ,
Central Counterparties ,
Clearing Agencies ,
Derivatives ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Interest Rates ,
Libor ,
Market Participants ,
Oil & Gas ,
Secured Overnight Funding Rate (SOFR) ,
Strategic Planning ,
Swaps ,
UK
Energy markets continue to be volatile and producers continue to hedge. During the first three quarters of 2018, gas prices remained relatively flat while crude prices had a bumpy climb from $60/bbl to nearly $75/bbl. The...more
Wind farm owners and project sponsors have increasingly turned to corporate power purchase agreements (PPAs) and other hedging alternatives to secure predictable cash flows. Depending on the structure of these agreements,...more