The Oil and Gas Law Review - Edition 4

Christopher B Strong
  • Editor:
  • Christopher B Strong
  • Vinson & Elkins LLP

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2016 has been a year of flux for the international oil and gas industry. With the industry enduring a second straight year of low oil prices, and with no prospects for a significant increase in sight, participants in the industry have been forced to adapt. Capital projects have been delayed or abandoned, staffing levels have been reduced, and oil companies have been seeking to sell off parts of their portfolios to focus on their best prospects and raise capital.

Oil producing countries have been in a similar pinch. Having become accustomed to triple digit oil prices, the ‘new normal’ of US$50 oil has produced a grim budgetary reality. Although some producers with a relatively large ratio of reserves to population such as Kuwait, Qatar and the UAE have been able to get by without making drastic changes, others, such as Venezuela, have been brought to the brink of national bankruptcy as years of economic mismanagement enabled by high oil prices have finally taken their toll.

The international oil and gas industry has always been cyclical. Although the last two years have been eventful, it is by no means the first downturn the industry has faced nor the last. I have no doubt that the years ahead will continue to present challenges and opportunities for practitioners in this most dynamic of industries.

About the Editor

Chris Strong is a partner with Vinson & Elkins’ London office, and has previously been resident in its Middle East, Texas and Asia offices. Chris counsels clients in a wide variety of transactions in the energy, infrastructure and natural resources industries, with a particular focus on project development and finance and mergers and acquisitions. His experience includes transactions relating to upstream oil and gas, power plants, petrochemical facilities, refineries, pipelines, liquefied natural gas, and mining and metals.

Acknowledgements

The publisher acknowledges and thanks the following for their learned assistance throughout the preparation of this book:

Editor’s Preface

  • Christopher Strong
  • Vinson & Elkins LLP

Abu Dhabi

  • James Comyn
  • Shearman & Sterling LLP

Austria

  • Manfred Fürnkranz, Andreas Gunst, Oskar Winkler, Kenneth Wallace-Müller and Christoph Schimmer
  • DLA Piper Weiss-Tessbach GmbH

Brazil

  • Giovani Loss, Felipe Feres and Nilton Mattos
  • Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados

Canada

  • Craig N Spurn, Kristen Haines and Curtis Merry
  • McCarthy Tétrault LLP

Colombia

  • José V Zapata L and Claro M Cotes R
  • Holland & Knight

Cyprus

  • Nicolas Th Papaconstantinou
  • Papadopoulos, Lycourgos & Co LLC

Denmark

  • Michael Meyer and Anne Kirkegaard
  • Gorrissen Federspiel

France

  • Yves Lepage, Geoffroy Berthon
  • Orrick, Herrington & Sutcliffe

Ghana

  • Ferdinand Adadzi and Nana Serwah Godson-Amamoo
  • AB & David

Greece

  • Yannis Kourniotis and Paris Tzoumas
  • M&P Bernitsas Law Offices

Greenland

  • Michael Meyer and Anne Kirkegaard
  • Gorrissen Federspiel

Iraq

  • Christopher B Strong
  • Vinson & Elkins LLP

Iraqi Kurdistan

  • Daniel Heintel and Dahlia Zamel
  • MENA Associates in association with Amereller Legal Consultants

Italy

  • Roberto Leccese
  • Ughi e Nunziante − Studio Legale

Malaysia

  • Fariz Abdul Aziz
  • Skrine

Mexico

  • Carlos Ramos Miranda and Miguel Ángel Mateo Simón
  • Hogan Lovells BSTL, SC

Mozambique

  • Pedro Couto, Telmo Ferreira, Paulo Ferreira, Márcio Paulo and Gisela Graça
  • CGA – Couto, Graça & Associados

New Zealand

  • Paul Foley
  • Minter Ellison Rudd Watts

Nigeria

  • Israel Aye, Laura Alakija, Constance Okhilua and Esther Onoji
  • Sterling Partnership

North Dakota

  • Kimberly A Backman
  • Crowley Fleck PLLP

Norway

  • Yngve Bustnesli
  • Kvale Advokatfirma DA

Portugal

  • Rui Mayer, Diogo Ortigão Ramos, Ana Isabel Marques and Berta de March
  • Cuatrecasas, Gonçalves Pereira

Russia

  • Natalya Morozova and Rob Patterson
  • Vinson & Elkins LLP

South Africa

  • Manus Booysen, John Smelcer, Jonathan Veeran, Keith Veitch, Garyn Rapson and Benjamin Cronin
  • Webber Wentzel in alliance with Linklaters

Switzerland

  • Andreas Hünerwadel, Beat Speck and Michael Tschudin
  • Wenger & Vieli Ltd

United Kingdom

  • Penelope Warne and Norman Wisely
  • CMS Cameron McKenna

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