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
Low commodity prices cause hardship for governments in resource rich countries, as well as the businesses commercialising those resources. In tough times, governments may be prompted to extract a greater share of value from projects to try to balance against a loss of revenue. In the first episode, Craig Tevendale, Chris Parker and Charlie Morgan discuss the key contractual mechanisms for allocating risk and reward with States, and how best these challenges can be addressed.
The episode can be found at the link here.
For more information, please contact Craig Tevendale, Partner, Chris Parker, Partner, Charlie Morgan, Senior Associate, or your usual Herbert Smith Freehills contact.