Print2online CMS 4.0 http://www.internationalresourcejournal.com/ ©2007 CBJ http://www.internationalresourcejournal.com/files.php?file= http://www.internationalresourcejournal.com/ http://www.internationalresourcejournal.com/legal/legal_nov_dec_09/negotiating_loan_agreements_post_credit_crunch.html Nov/Dec 09 Fri, 13 Nov 2009 20:43:00 -0600 The collapse of North Sea oil producer Oilexco earlier this year as a result of defaulting on its substantial loans to RBS demonstrated the importance of bank lending to the oil and gas sector. Ernst & Young, the accountants brought in to act as administrators, said Oilexco began experiencing difficulties in the middle of 2008 when it needed to raise cash for new developments, just The International Resource Journal