Just five months ago, Fieldwood Energy investors agreed on a comprehensive recapitalization deal that helped preserve the company’s dwindling liquidity position. Fieldwood’s second lien holders provided new money and took part in a debt exchange that was designed

A $40 billion time-bomb threatening the Gulf Hundreds of stakeholders in the Gulf of Mexico oil and gas sector huddled in a Louisiana movie theater on a late August morning to hear about a USD 40bn problem. This problem had