Thus understood, the «bubble» in high yield energy debt was not created by the simple issuing of
debt by oil companies.
Not exact matches
The bill's introduction also comes amid various actions and statements
by the Trump administration, including a fourth round of sanctions that restrict Venezuela and Petróleos de Venezuela SA, a state - owned
oil company, from issuing new
debt or from engaging in other financial dealings with U.S. citizens.
Oil prices have fallen more than 15 percent since March 4 to a six - year low of $ 42.3, wiping out $ 7 billion of market value of high - yield
debt issued
by energy
companies.
A rising black hole of state - owned enterprise (SOE)
debt, which together with the
debts owed
by government to the bulk
oil distribution
companies (BDCs) and the lack of adequate supervision of microfinance
companies can potentially collapse the banking system.
State - controlled
oil producer OAO Rosneft said it has paid back $ 7 billion of a bridge loan it had taken to acquire TNK - BP, the largest foreign
debt repayment
by a Russian
company since Western sanctions were imposed.
Corporate
debts to speculative grade
companies that are negatively affected
by falling crude
oil and commodity prices.
Today's topic is the
debt and equity of
companies producing energy, or providing services to them, all of which get hurt
by a lower
oil price.
Fifty - two
oil companies have already filed for bankruptcy this year, and over one - third of the world's biggest
oil and gas
companies could end up bankrupt in 2016 under stress from crushing
debt loads (over US$ 150 billion) and lacklustre cash flows depressed
by low
oil prices, according to a recent study
by Deloitte.
Fifty - two have filed for bankruptcy since 2015, and over a third of the world's biggest
oil and gas
companies have crushing
debt loads (over $ 150 billion) and cash flows depressed
by low
oil prices, according to the Deloitte Center for Energy Solutions and a recent study
by As You Sow.
MIC sought to enforce this judgment
debt against Naftogaz's assets in England
by obtaining (i) a freezing order against Naftogaz in relation to its shares in a UK
oil company; (ii) a default judgment against Naftogaz in the sum of such
debt («English Default Judgment»); and (iii) a third party
debt order requiring share dividends due to Naftogaz to be paid instead to MIC and also a charging order in favour of MIC in respect of such shares.
Debt recovery • Responsible for the return of US$ 161 million signature bonus paid for Nigerian exploration blocks
by the Nigerian government to an exploration
company; • Recovery of unpaid fees for an
oil service
company in East Africa as a consultant to Smithfield Partners solicitors;
Advised a syndicate of banks, led
by HSH Nordbank, on the restructuring and buy - back of the combined $ 120m senior and junior
debt made available to US listed shipowner, Dryships Inc; advised Santander and HSBC on the # 36.2 m term and revolving facilities provided to Southern Communications Group; acted for the Republic of Kazakhstan in a BIT and ECT arbitration brought against it
by a Turkish investor, which arose out of a dispute involving alleged
oil transportation and transhipment investments in Kazakhstan; closely involved with the development of WeatherXchange, the world's first weather derivatives platform; leading advice to Nokia on various employment issues arising from the
company's acquisition of Alcatel - Lucent across over 100 jurisdictions.