Oil prices have recently reached historic lows and oil companies are faced with a number of potential legal issues as the prices impact their trading and operational agreements. In this podcast series, our energy disputes lawyers consider some of the key issues triggered by the current low oil price environment, looking in detail at a variety of topics around:
· Host states: allocating value in challenging times
· Joint Venture arrangements
· Operational challenges and other contracts
The interests of joint venture partners may often differ in a low oil price environment. How could provisions under a Joint Operating Agreement help to manage partner misalignment, and how might they be exercised?