Resumen de Financing of North Sea oil and gas - a restructuring and insolvency perspective
In this article, the author discusses the financing of North Sea oil and gas industry and the need of restructuring the insolvency perspective. It mentions that low oil price emerges the risk of distress in the North Sea industry with the mergers and acquisition activity in the industry. It also mentions that oil and gas companies operating in the North Sea obtain their debt primarily from reserve based lending (RBL) facilities.
