Challenges for the UK offshore oil and gas supply chain in 2024
The UKCS offshore oil and gas market supply chain is not averse to challenge having ridden the wave of the oil price collapse, Brexit and Covid-19 over the last decade.
Haynes and Boone
Embracing change: developing standard contracts for offshore wind
The International Federation of Consulting Engineers (FIDIC) announced earlier this month that they have begun work on a new standard contract form for offshore wind farm projects. A committee of experts including engineers, contractors and project specialists are working to produce the new contract, likely by the end of 2025.
Oil bankruptcies rise in the third quarter
The number of bankruptcies in the energy sector rose during the third quarter as the coronavirus pandemic continued to take its toll on the oil and gas industry.
Energy bankruptcies fell below 50 filings in 2018
North American oil and gas bankruptcies fell to just 43 filings in 2018, down from 70 a year prior, according to the law firm Haynes and Boone.
Oil drillers face shrinking credit lines as banks revalue assets
Oil producers in the US are about to see their credit lines shrink, just when they need the money most.