Bracing For Change: A Look Ahead To 2021
Path Forward: Borrowing Base Redeterminations In A Restructuring World
FCPA Compliance and Ethics Report-Episode 153-Doing Compliance in an Economic Downturn
Looking ahead, here are a few themes I think will play a role in 2021, which are a continuation or evolution of where we’ve been in 2020....more
2020 was a tumultuous year for the oil and gas industry, but there’s still reason for optimism. Originally published in The Weekly E&P Update Newsletter, December 22, 2020. ...more
While the airline industry has benefited from a special federal stimulus loan package tied to the impact of COVID-19, the energy industry has not been as fortunate to date. Many energy companies were distressed before the...more
More on TikTok’s plans to sue the U.S. over the White House’s recent executive orders seeking to block the app on American soil and force its owner, ByteDance, to sell its American assets. The company intends to argue that...more
Exxon Mobil: Doubling Down While Facing Peak Oil Demand - "With most competitors pivoting away from upstream growth, Exxon continues to press ahead with investments despite very challenging current price environment for...more
Big Oil repeatedly remanded to state courts - will SCOTUS come to the rescue? "Oil companies facing suits by state and local governments that want them to bear a share of the cost of responding to the consequences of...more
The recent dramatic decline in oil prices was precipitated by an unprecedented drop in demand due to the COVID-19 pandemic played out against a backdrop of an already slightly oversupplied oil market. Oil prices have...more
Over the last couple of weeks oil prices have improved significantly from the historic lows of April and WTI futures prices are approximately $40/bbl for the rest of 2020. For the now, the supply/demand balance is improving -...more
El pasado 8 de junio de 2020 la Agencia Nacional de Hidrocarburos (ANH) expidió el Acuerdo 4 de 2020, por el cual se adopta la medida de diferimiento del pago del Derecho Económico por concepto de Participación en la...more
Last month, West Texas Intermediate crude dropped below $0.00 for the first time in history after weeks of low global oil demand as a result of the novel Coronavirus (COVID-19) pandemic and the Saudi Arabia-Russia price war....more
Oil & gas dealmaking has plummeted following a period of prolonged low oil prices and a steep fall in demand due to COVID-19. However, large players with strong balance sheets could still see opportunities to invest....more
Industry Expert Insights - We reached out to one of our Lex Mundi partners and a well-known expert in the United Arab Emirates in the energy and legal industries to get his thoughts on the current energy climate. ...more
Find how the coronavirus (covid-19) pandemic will likely spell out a new era for the oil and gas industry. ...more
In the wake of an unprecedented sell-off in the crude oil market, the only response to balancing global markets is to reduce supply. How many times can you say "unprecedented?" The COVID-19 pandemic has resulted in a...more
Monday saw U.S. oil prices take an unprecedented plunge into negative territory, as “concerns grew that storage tanks in the United States were near capacity and unable to hold all the unused code” (with the “bizarre movement...more
We read the comments and listened in on portions of the historic April 14 hearing on the proposal that the Commission order market demand prorationing of Texas oil and gas production. Of the 120+ written comments, 51...more
China Resumes LNG Imports from the U.S. - "Chinese buyers have resumed imports of liquefied natural gas from U.S. exporters, as Beijing started granting waivers to a 25% import tariff." Why this is important: In the...more
The combination of the COVID-19 pandemic and the Saudi-Russia price war is wreaking havoc on global demand for crude oil, flooding the market with cheap crude and pushing prices to the low $20/bbl range. In response to these...more
Coronavirus Throws EU Climate Plans into Disarray - "Czech Prime Minister Andrej Babiš said last week that the EU should 'forget about' the Green Deal for now while it focuses on Coronavirus." Why this is important: ...more
The headlines are all talking about supply and demand; specifically, oil supply and its impact on the price of oil. As of the posting of this, WTI Crude is sitting at $58.07 per barrel and Brent crude is at $67.85 per barrel,...more
Watching commodity pricing is a bit like watching a rollercoaster – it goes up one minute, down the next, then up again and down. Today’s oil prices are no different. We started the day up a bit, and this afternoon we are...more