Rising credit risk for offshore oil and gas productionTaken from: Offshore Support Journal May 2012
The potential financial and rating impact on oil and gas offshore producers resulting from the European Commission’s proposed offshore oil and gas safety legislation is discussed in a new report published by Fitch Ratings in April.
Some of the Commission’s proposals could dramatically increase the size of companies’ environmental liabilities, and could in turn affect the credit ratings of companies operating in the North Sea and other EU waters, it claims.
In October 2011, th....Please login to read the rest of this story
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