Price Collapse in the Energy Markets: A Comparison of UK/US Experience and Challenges

Date: Tuesday, May 12, 2020 11:00 am - 12:00 pm
Duration: 1 Hour

Energy and Environment glob with arrows

The British-American Business Association's
Energey & Environment Committee

invites members to

an issues-focused roundtable discussion comparing and contrasting impacts on the US & UK energy markets
as a result of COVID-19 and the collapse in energy prices.

Hosted by

WBD Logo CMYK3

DATE:  Tuesday, May 12, 2020

TIME:  11:00 am EST

Webex video link and instructions will be emailed to you in advance of the event. 
 

The conversation will cover the collapse in energy markets, the challenges that brings and how those who are facing these concerns
on both sides of the Atlantic are dealing with them.

Questions for our speakers? Please submit them in advance to Ashley Laney at This email address is being protected from spambots. You need JavaScript enabled to view it.
 

Our Speakers will cover topics including:

1. How will the following issues impact the energy markets in the coming weeks, months and years?

COVID-19

  • Logistics and international mobility: the impact of lockdown on operations
  • Employment issues: the challenges of working remotely, health and safety, and planning to return to work
  • Supply chain disruptions and counterparty risk
  • Contract renegotiations and force majeure claims
  • M&A deal activity and pricing
  • Debt service: particularly reserve based loan redetermination
  • SEC disclosure requirement

Global Energy Market

  • Price volatility: futures contracts and storage capacity
  • Impact on exploration activities
  • Capex expenditure: FID decisions, impact on activity levels and future effect on the supply/demand dynamic
  • Future financing of the industry
  • Long term structural changes: how will the industry need to change to survive?

 2. Final thoughts: preparing the industry for a post-COVID-19 world

 
Our Panel:
 
Michael Silver headshot  Michael Silver, Vice President and General Counsel of VAALCO Energy, Inc.
Mr. Silver has over 28 years of experience as in-house counsel working for major energy companies. Prior to joining VAALCO, from 2009 to 2018, Mr. Silver served as Managing Counsel for the Petroleum Division of BHP Group plc where he supported the company’s international upstream activities, including major acquisitions and divestments. Read full bio
 
Jon Fitzpatrick headshot  Jon Fitzpatrick, Founder and Managing Director of Gneiss Energy (UK)
An energy industry representative with over 20 years’ experience, Jon is a qualified corporate lawyer, petroleum economist, investment banker and energy sector adviser. Prior to establishing Gneiss, Jon was Senior Managing Director and Head of Natural Resources for Europe, Middle East and Africa. Read full bio.
 

Richard Cockburn headshot  Richard Cockburn, Partner Womble Bond Dickinson (UK)
Richard Cockburn is a partner in WBD’s energy and natural resources group. Richard has worked with developers and contractors in the renewable energy sector on projects ranging from onshore and offshore windfarms to renewable heat, solar, wave, tidal and other projects. Read full bio 

Matt Lewy Headshot  Matt Lewy, Partner, Womble Bond Dickinson (UK)
Matt is a partner in the London corporate team with a focus on energy and natural resources. Matt's focus is on M&A and consortia arrangements, particularly in the upstream oil and gas, energy service and renewable energy sectors. Matt has experience working with clients in the UK (including UKCS), as well as having worked with clients and in both the US and Russia. Read full bio.

Jasper Mason headshot  Jasper Mason, Of Counsel, Womble Bond Dickinson (US)

Jasper is a member of the firm’s Corporate & Securities practice group, focusing on the oil and gas industry. He has experience representing exploration and production companies and private equity clients on acquisitions, divestitures, and joint ventures involving upstream and midstream oil and gas assets. Read full bio. 

Joe Tirone headshot  Joe Tirone, Partner, Womble Bond Dickinson (US), Moderator
Joe Tirone is the co-leader of Womble Bond Dickinson’s Energy & Natural Resources Sector. His practice focuses on energy project and infrastructure development, mergers and acquisitions and project finance. He has represented energy sector companies in structuring, negotiating and drafting a range of complex contracts and agreements. Read full bio.