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Share to Facebook Share to Twitter Share to LinkedIn Email Print PDF Download The North Sea oil and gas industry has played a key role in Scotland’s economy since the 1970s. While annual oil production peaked in 1999 and North Sea tax revenues have fallen considerably in the last five years, Scotland’s oil and gas industry, including related services, is … Read more
“Take or pay” and “price review” arrangements are generally agreed for the benefit of both the seller and the buyer, to guarantee a regular income and supply. With market volatility, however, the parties may not agree on their operation or effect. Is a win-win outcome possible when these clauses bite? Rachel Lidgate and James Robson … Read more
Decommissioning was already a ‘hot topic’ before the oil price crash, with an increasing number of assets around the world expected to enter the decommissioning phase in the next few years. In the latest episode of our Navigating the Low Oil Price Environment podcast series Irina Akentjeva and Susan Field discuss how the low oil … Read more
