Turbulent times shine a light on imperfect contract structures
The pandemic provides an opportunity for a significant reset of contract structures
Extreme price movements and Covid-19-related issues have put considerable stress on contracts that work well under normal circumstances. It has also highlighted issues around indexation that were never really ideal. The question for the future is the extent to which lessons can be factored into the drafting of future legal agreements, according to the panellists at the PE Live 3 webinar. A lot of the focus in contract development in recent years has been around enhancing optionality and flexibility. “We have seen a gradual shift towards a more flexible long-term LNG structure,” says Richard Nelson, partner at law firm King & Spalding’s energy practice. “It may be that post-Covid-19 we se
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
