Legal Business

Power struggles – the challenges facing counsel in the $5trn oil and gas industry

Legal Business talks to lawyers on the frontline of the controversial and risky oil and gas business to explore the industry trends and challenges in-house legal teams face

2010 was arguably a turning point in the $5trn global energy market. That was the year that Brazilian oil giant Petrobras undertook a record-shattering $70bn equity offering ahead of unveiling a $224bn investment plan, on some measures the largest corporate spending programme the world has ever seen.