Focus Energy and Legal: Oil Price Decline, 3rd February
- Event Date
- Tue, 03 February , 2015
- , Dubai,
- Facebook Gallery
The session was hosted by our Energy Focus Group Chair, Terry Willis, Managing Director of EICUK Middle East (Branch), and Legal Focus Group chair, Alison Hubbard, a Partner at international law firm Pinsent Masons LLP.
Guest panelists include leading practitioners in the Oil and Gas Sector:
David Baker, O&G Leader for Transactions, MENA Transaction Advisory Services, Ernst & Young
Mark Raymont, Partner, Project Advisory and Disputes, Pinsent Masons LLP
Simon Moore, Partner, Operational Transaction Services Leader, MENA Transaction Advisory Services, Ernst & Young
David Baker presentation served as an introduction on the impact of current market conditions on the region generally, and on the oil and gas sector specifically. He uses data from EY analysis and Thomson Reuters Datastream.
After the presentation, Alison moderated the panel discussion. The panelists shared their views on the return of price volatility. They also tackled the industry response which include projects and capital expenditures cuts; the future impact of the price drop; the impact of the US shale market. They also discussed the challenges the industry is facing including legal implications of the cancelled and delayed projects.
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