Businesses operating across the oil & gas supply chain continue to evolve and adapt to the new operational landscape driven by volatility in the oil price. As businesses navigate the challenges and opportunities across the sector, many are also experiencing legal challenges as a result.
Following a market survey undertaken by Clyde & Co's global oil & gas group, we are pleased to launch our "Global oil price volatility report". Our report discusses global trends and opportunities in light of the current sector landscape. Key survey findings include:
- 74% of international senior oil & gas executives say OPEC policy is biggest risk to the oil & gas industry
- International oil & gas companies view restructuring their business as a key priority in light of the current market conditions
- Insolvencies and disputes are the biggest concern with 86% of respondents concerned about the cancelling or breaking of agreements throughout the supply chain
- Market caution is putting brakes on the 'inevitable' wave of oil & gas M&A
Our report also identifies legal tips which will enable businesses to address decision making in a proactive and fully informed manner. In particular, we have identified practical steps businesses should take from a legal perspective in order to protect their interests and take advantage of positive business opportunities when they arise.
Download your copy of the "Global oil price volatility report" to read more about the key legal issues businesses are facing including opportunities for increased M&A activities, the potential for more disputes and litigation and the very real possibility of business distress becoming business failure.
Click here to download the report
We hope that you find our report insightful and informative. Please don't hesitate to contact a member of our global oil & gas group for further information or to discuss our survey findings.
Oil Price Volatility - Risks And Opportunities In 2016: Practical Steps For Managing Key Legal IssuesThe content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.