Until recently the oil and gas sector has not been on the restructuring communities radar. However, last year global oil prices hit an all-time low, which led to a record number of insolvencies in the industry. Consequently in conjunction with Lexis Nexis we have produced the Guide to insolvency in the UK oil and gas industry.

This article originally appeared on LexisNexus.com

Produced in partnership with Susan Kelly, Caroline Castle and Ben Holland of Squire Patton Boggs.

Introduction to Common Participants in the Market

The oil and gas industry is a significant contributor to the UK economy:

References:

House of Commons Library Briefing Paper: UK offshore oil and gas industry 22 March 2016

Until recently the oil and gas sector has not been on the restructuring communities radar. However, last year global oil prices hit an all-time low, which led to a record number of insolvencies in the industry. Consequently in conjunction with Lexis Nexis we have produced the Guide to insolvency in the UK oil and gas industry.

This article originally appeared on LexisNexus.com

Produced in partnership with Susan Kelly, Caroline Castle and Ben Holland of Squire Patton Boggs.

Introduction to Common Participants in the Market

The oil and gas industry is a significant contributor to the UK economy:

References:

House of Commons Library Briefing Paper: UK offshore oil and gas industry 22 March 2016