Energy & Natural Resources
Legal update for energy lawyers - March 2021
We focus on all areas of contentious and non-contentious work for the oil & gas sector, including exploration and production (E&P), upstream, midstream and downstream projects and their related infrastructure. Our clients range from entrepreneurial start-ups to established entities with assets and operations worldwide. We have a wealth of experience working with the supermajors, independent E&P companies, oilfield service companies and national oil companies.
Due to the pioneering nature of the industry, our oil & gas clients often work in frontier markets, dealing with complex multi-jurisdictional and cross-border transactions and disputes.
Whether you require advice on raising capital, acquiring or disposing of assets, an in-depth understanding of multi-faceted regulatory regimes or have a dispute with a partner or host government, our lawyers have the deep industry understanding, commercial approach and pragmatic mindset to assist clients in achieving their goals cost effectively and with a minimum of risk.
Advising a North American company on its USD 1.5 billion enhanced oil recovery project in North Africa. This included re-negotiation of the terms of the concession agreement, joint venture arrangements and conversion of the concession into a production sharing agreement, project structuring...
Advising New Age (African Global Energy) Limited on the sale and purchase agreement and acquisition financing to acquire a 25% interest from Eni in the Marine Block XII Permit and production sharing contract including the acquisition financing, corporate structuring and shareholders and...
Advising CMG (a subsidiary of ENH) in relation to the limited recourse multi source financing of the acquisition of an interest in ROMPCO, the project financed SPV which owns the natural gas pipeline from the Temane and Pande gas fields in Mozambique to Secunda in South Africa
Advising Mitsui & Co on the farm-in to BHP’s exploration acreage in Namibia including advising on the joint operating agreement and corporate structuring.
Advising on the sale of interests in Parque das Conchas Block BC-10 in the Campos Basin for USD 1.54 billion.
Advising on a bespoke EPC contract for the USD 2 billion upgrade of the Cartagena oil refinery
Advising a drilling company under investigation since 2012 for alleged MARPOL/APPS and related record keeping violations, including successful voluntary disclosure, implementation of standard record keeping procedures and adoption of robust compliance and audit program for fleet of rigs...
Advising Merrill Lynch/Credit Suisse First Boston/Bank of China International on dual listing by IPO of shares and ADSs of CNOOC Ltd on the Hong Kong and New York Stock Exchanges, raising USD 1.436 billion
Acting on a high value and large scale international arbitration under a Production Sharing Contract relating to tax levies with some USD 2 billion at stake.
Representing a UAE based construction company in connection with an LCIA arbitration on claims for delay, disruption and variations in connection with the conversion of a jack-up rig into an offshore permanent production facility
Acting for Kuwait Foreign Petroleum Exploration Company (subsidiary of Kuwait Petroleum Company) and MOL Hungarian Oil & Gas Company Plc on their joint bid for four German GmbH companies holding assets in Syria.
Successfully acting on a multi-billion dollar arbitration concerning the Republic of Yemen's national wealth and in relation to a 20-year old Production Sharing Agreement (PSA) regarding the Marib Block 18 oil field in the Yemen. Reported in The American Lawyer as the 2nd largest contract...
Advising a European investor on its USD 200 million preferred bid for a Danish North Sea asset.
Advising Petro-Canada on the USD 2.1 billion acquisition of Veba Oil & Gas’ international operated and non-operated business having business operations in 12 countries.
Advising a subsidiary of Eastern Petroleum Corporation on the acquisition of an oil field in Khanty-Mansiysk and the establishment of a JV company
Advising on the USD 3.5 billion sale of Kerr McGee's UK operated and non-operated North Sea exploration and production business.
Acting for a major oil company and insurers on a USD 30 million UNCITRAL arbitration regarding the premature failure of an offshore tower wishbone system.
Representing a leading UK change management consultancy specialising in the oil & gas sector, in complex negotiations with an oil major relating to the licensing of copyright and confidential information embodying our client's proprietary technology and project management methodologies
Head of Banking & Finance for Greater China