I’ve now been in Dubai for 9 weeks since relocating from Bracewell’s London office. In the construction industry here, there’s one thing to the forefront of everyone’s minds: price. That’s always been the way of course, in the UAE or any other jurisdiction. But the low oil price era and other pricing pressures mean that participants in the sector are feeling the squeeze like never before. One consultant said to me this week that there are always opportunities for good companies and good people. That’s true to an extent. However, with major construction players such as Balfour Beatty having...

One of the more interesting developments in the oil and gas A&D market over the past couple of years has been the expanding variety of transactions between upstream and midstream companies involving acreage dedications. Acreage dedications are commitments from upstream operators or exploration and production companies in which all production from a given area is exclusively committed to a midstream company for the provision of midstream services or the midstream company’s purchase of such production. Acreage dedications are one of the tools midstream companies secure a customer base and a...