That's how much the power - to - airport - services group's stock plunged after the loss of fuel -
oil contracts led it to slash the dividend and put assets up for sale.
Not exact matches
Repsol YPF of Spain and OMV of Austria also hold large
contracts from the Gaddafi era, while Britain's BP have taken a
leading role in developing Libya's emerging gas fields, and will now hope also to ramp up their activities in
oil exploration and production.
The debt amounts to around 1 percent of gross domestic product and is a problem for banks that loaned money to
oil companies on the basis of the
contract price and have yet to be repaid in full,
leading to non-performing loans, several senior bank officials said.
Because of this, it must roll into new
contracts as the old ones near expiration, which
leads to frictional trading costs as well as losses when the
oil market is in contango.
-
Lead trial and appellate counsel in obtaining and upholding complete defense jury verdict against claim for more than $ 90 million in
oil and gas farmout
contract damages.
We have represented
leading international energy companies in a wide range of disputes, including under operating agreements, joint bid agreements, concessions,
oil and gas supply
contracts, and other arrangements, including:
Acting for a
leading salvage company in connection with a dispute it has with the Iraqi Ministry of
Oil (MOO) in relation to the performance of a
contract between 2013 and 2014.
Lead counsel in an ICC arbitration in Paris, conducted in French, brought by two major
oil companies concerning the interpretation of the State's standard form of production - sharing
contract.
Oil and gas remains a temporary
contract worker -
led industry, but the there are strong drivers for this shift in focus of talent sourcing by employers.
Spearheading corporate regulatory compliance, arbitration concerns, and legal
contract administration for numerous
leading companies while driving successful execution of large - scale projects within the finance,
oil, and telecommunications industries.
Dynamic experience of over 20 years with expertise in commercial
contracts performance / reporting management and engineering in the offshore /
oil and gas industry with
leading companies such as ConocoPhillips and ABB.