Over the last decade, oil companies had to adapt to a dramatically lower commodity price environment. At the start of a new decade, IOCs are being challenged to adapt again. This time the challenge is more strategic: how do oil and gas companies navigate their way through the energy transition?
By Patrick Handley
20 February 2020
Executive Summary: The immediate crisis following the death of Iranian general Qassem Soleimani in a U.S. airstrike and Iran’s retaliatory missile strikes against two U.S. airbases appears to have settled down. However, the conditions for a future flare-up remain in place because the underlying conditions have not changed. Going forward, each side is likely to double down on its stated strategic objective, with Iran pushing for an end to U.S. presence in the region and the U.S. pushing for an end to the Iranian nuclear program. Further, the norms that had previously prevented an open exchange of fire between the two sides have been eroded.
By Michael Rogers
09 January 2020
The jihadist group al-Shabaab banned single-use plastic bags in 2017, an order similar to the kind found today in 90 countries, including a number that have designated al-Shabaab as a terrorist organisation. If it’s true that a common danger can unite enemies, it’s difficult to think of one as unifying as plastics.
By Dan Roberts
16 December 2019
A Reset was the dominant theme from the Oil Majors’ third quarter earnings calls. A reset of long-term oil and gas price assumptions and a reset of portfolios to focus on the most competitive hydrocarbons and lower carbon assets, while playing to companies’ existing strengths.
By William Medvei
14 November 2019
Leaders of art institutions and big businesses find themselves in surprisingly similar situations. For decades, their performance – and very often their job tenure – were largely determined by a single group: In the corporate world, that was shareholders; in the art world, the board of trustees.
By Amelia Pan
01 November 2019
Eira Thomas, President and CEO of Lucara Diamonds, sat down with Carole Cable to discuss the key barriers to entry she sees for the next generation and women looking to get into mining, and how she is using her position as a CEO to address those challenges.
By Carole Cable
18 October 2019
On 6 February 2019, the European Commission prohibited the proposed Alstom-Siemens merger—a heavily-discussed decision that fueled a pre-existing debate on whether or not to reform EU competition rules. Since then, several submissions have been made by Governments, academics and practitioners on the merits of the existing system and the need for a thorough review of the rules.
By Philippe Blanchard
10 October 2019
Recent years have seen a growing focus on the “purpose” of companies. Businesses are asked to show how they add value to society – beyond shareholders’ dividends or bosses’ bonuses. This pressure is coming from an unlikely alliance of consumers, employees, campaigners, academics, regulators and even investors.
By Meaghan Ramsey
09 October 2019
Resilience was the dominant theme from the second quarter earnings calls held by the large integrated oil and gas companies: resilience of the balance sheet to volatile oil prices and weak gas prices; resilience of operating assets following some unplanned outages; and resilience of the portfolio to the challenges of the energy transition.
By William Medvei
12 August 2019
Chinese companies are expanding their activities and investments abroad with increasing speed. Our latest study concludes that, despite the strained trade relations with the USA, the perception of China's global growth remains positive overall. However, there are significant regional differences in the assessment of and the attitudes towards China.
28 May 2019
Shareholder activism is on the rise and Asia is emerging as a growing focus. Asian family-owned and founder-led businesses as well as the region’s many diversified conglomerates, in particular, should expect increased scrutiny. There are red flags and lessons to be learnt from past cases on how to prepare for and best respond to activist campaigns.
By Kate Holgate
01 April 2019
In this issue: - Brexit: With the extension past 29 March confirmed, we look again at the chances of Prime Minister May’s deal passing through the House of Commons. - North Korea: We look at why President Trump and Kim Jong Un’s summit in Hanoi was cut short, plus what we can expect of the negotiations going forward. - ISIS: Victory over what remained of the caliphate in Iraq and Syria has been declared, but is ISIS over?
22 March 2019
There’s more call than ever before for companies to give employees a greater voice in the business. Political parties have made proposals about employee representation for the future, some more radical than others. But there’s also guidance on this topic in the here and now.
By Trelawny Williams
07 March 2019
In today’s era of increased corporate engagement, stakeholders of all kinds are voicing opinions on how a company and its management should deliver value. As the number of activist investor campaigns continue to increase around the world, some recent developments as the activism landscape matures:
By Amelia Pan
27 February 2019
Podcasts have steadily cemented their place in the cultural zeitgeist over the last decade and are now a staple of mainstream media. In a media landscape saturated with clickbait and sound bites, podcasts provide an alternative method for digesting information.
13 February 2019
President Trump delivered his second State of the Union speech before both houses of Congress. In a speech that lasted 82 minutes, a subdued President Trump struck a conciliatory tone but held fast to partisan positions on immigration and abortion.
By George Little
06 February 2019
US prosecutors’ indictment of employees of Chinese technology giant Huawei – including its founder, Ren Zhengfei – on 28 January has heightened the controversy surrounding the firm and appears to complicate efforts to end the trade war between Washington and Beijing.
By George Yeo
01 February 2019
Brunswick's 'New Perceptions of China Going Global’ report captures public perceptions of Chinese investment into 18 markets around the world, from Germany, the UK and the US, to 15 countries along the Belt and Road, such as India and South Africa.
By Yan Mei
22 January 2019
On Monday, the United States completed the re-imposition of sanctions suspended as part of the Joint Comprehensive Plan of Action (JCPOA), also known as the Iran deal, related to Iran’s nuclear program.
By Jennifer Fowler
06 November 2018
China’s President Xi Jinping on Monday will open the six-day inaugural China International Import Expo in Shanghai (“CIIE”). As one of China’s key diplomatic events of 2018, this is far more than just another trade fair. It is a platform to demonstrate that China is open for business—and is set to open to the rest of the world even wider.
By Yan Mei
02 November 2018
A couple of weeks ago a CEO expressed their frustration at employees not understanding the company strategy. They said: “when I ask employees to explain our strategy, each person gives a different answer. What can I do?”
By Nick Howard
04 October 2018
The rise of populism around the world, including in Europe, is certainly not a new phenomenon. It has been a major preoccupation for many decades, but it has resurfaced with growing vigor after the 2007 financial crisis. It features increasingly at the top of the EU’s list of concerns because of some serious recent developments. There are (at least) five reasons why the populist challenge is more dangerous than ever before.
By Anthony Gardner
14 September 2018
On July 6, the United States started imposing a 25 per cent import tariff on $34 billion of Chinese imports on a list of 818 products. On the same day, China retaliated by imposing an identical tariff on an identical value of US imports.
By Anthony Gardner
16 July 2018
This material was first published by Thomson Reuters, trading as Sweet & Maxwell, 5 Canada Square, Canary Wharf, London, E14 5AQ, in European Law Review as “European Law in the United Kingdom” (2018) 43 E.L. Rev. 780 and is reproduced by agreement with the publishers.
By Sir Jonathan Faull
20 May 2018