Energy Transactions

Africa

  • represented Chinese state-owned oil company with pipeline capacity and tie-in agreements relating to an African cross-border pipeline 
  • represented Chinese private equity group on its acquisition of deepwater Nigerian oil and gas license
  • represented a Chinese oil company in connection with the acquisition and development of upstream, midstream and downstream oil and gas interests in Niger and Chad
  • represented an independent oil and gas exploration company’s wholly owned subsidiary on partial sale and combined joint venture/farm-out agreement on significant acreage holdings in Namibia, West Africa, with an oil services company whereby it will acquire a 10 percent interest in central blocks in offshore Namibia
  • represented an independent oil and gas exploration company’s wholly owned subsidiary on partial sale and combined joint venture/farm-out agreement on significant acreage holdings in Namibia, West Africa, with a British oil and gas company whereby the British company will acquire a 50 percent share of equity interest in a block in offshore Namibia
  • represented a participant in the Angola LNG project in a joint venture related to LNG tankers
  • represented a South Asian company in its proposed acquisition of an interest in Nigerian oil and gas assets
  • represented a British subsidiary to a large Russian oil and gas company on its farm-in to a strategically important deepwater exploration block in Sierra Leone, offshore West Africa 
  • represented a major Chinese oil and gas company in the proposed acquisition of a majority share in the owner of a PSC offshore Nigeria and the associated FSO and FPSO assets and arrangements, including review of underlying assets
  • represented a publicly traded company with several farm-ins for unconventional resource development in Argentina 
  • represented one of the bidders in the auction sale of a U.S. oil and natural gas exploration and production company’s assets in Equatorial Guinea, Ivory Coast, Ghana, Angola and Gabon 
  • represented a large holding company with respect to numerous contracts required in connection with drilling exploration well offshore Nigeria
  • represented a French liquid natural gas company in negotiations and related activities in connection with an LNG FOB sales and purchase agreement and related guarantee between a Nigerian natural gas production company and the French company’s electrical utilities subsidiary in Nigeria 
  • represented an international insurance and financial services organization in connection with its investment in a portfolio of energy assets in Gabon, Tanzania, Cameroon and the Democratic Republic of Congo 
  • represented a U.S. oil company in the analysis of potential Foreign Corrupt Practices Act risks associated with a proposed investment by the clients in a lease agreement for the exploration, development and production of petroleum in a block offshore of Sierra Leone
  • represented a European construction company in negotiating a joint venture for the development of onshore fields in Libya with a U.S. integrated oil and gas companies
  • represented a large U.S.-based independent in two large upstream acquisitions involving assets in the Red Sea and Western Desert in Egypt
  • represented a U.S. private company in the negotiation and signing of an association contract in Tunisia together with a gas off-take agreement with the Tunisian state gas company, including developing a one-off formula for pricing the transportation and sale of gas from fields in the Sahara Desert
  • represented an oil refining company in the financing of a $1 billion upgrade of an oil refinery in Morocco
  • represented a U.S. independent oil and gas company in its negotiations and successful conclusion of an onshore concession in Morocco.

Asia

  • represented a U.S. petrochemical company in negotiation of a major equipment supply and license agreement with a Japanese supplier and preparation of a procurement services agreement with a Chinese contractor
  • represented an oil and gas multinational on blocks offshore Indonesia
  • represented a major oil and gas company in the investment in an offshore gas discovery in Thailand
  • represented a large midstream energy company in its disposal of a petroleum products terminal and pipeline in the Philippines
  • represented customers seeking U.S. gas supplies and LNG export capacity for industrial end-use and marketing to Asian LNG buyers
  • represented the project developer in connection with the development, construction and financing of the 2x362 MW coal-fired Meizhou Wan Power Project, which was subsequently named “Asia Pacific Power Deal of the Year” by Project Finance International
  • represented a local Indian power company in the financing of LNG port terminal, regasification facility and LNG carrier as part of 2100 MW Dabhol power project (State of Maharashtra, India) 
  • represented an engineering and construction company in the construction of LNG port terminal/jetty and regasification facility as part of 2100 MW Dabhol power project (State of Maharashtra, India) 
  • represented the Bontang (Indonesia) LNG project sponsor on the financing of the construction of LNG facilities, including both liquefaction and terminal facilities, on the original construction and on the addition of follow-on trains, including the negotiation of the construction credit facilities and the off-take contracts
  • represented clients in connection with matters relating to the $5 billion development of Philippine natural gas reserves and related pipeline facilities and power plants, including negotiation of numerous gas sales agreements and government support documents, analysis of project finance issues, work on EPC matters and other related matters 
  • represented an American oil company in the project financing for an expansion of the Badak LNG facility in Indonesia
  • represented clients in connection with matters relating to the development and project financing of a  $1.2 billion Indonesian gas gathering, processing and transmission project that involved a unique natural-gas-for-crude-oil exchange and export feature, including EPC work for the large gas processing plant and a “step-in rights” agreement related to construction of the gas pipeline
  • represented a large East Asian company in connection with projects to source natural gas from several suppliers, process it into LNG at a U.S. liquefaction facility and market the LNG to East Asian buyers
  • represented an integrated energy company in the negotiation of agreements related to oil and gas investments in China, Myanmar, Australia, New Zealand, Malaysia and the Philippines.

CIS

  • represented a Russian oil and gas company in the stock purchase agreement with an affiliate of a U.S. integrated energy company to purchase 7.6 percent of the Russian company’s ordinary shares for $3.442 billion
  • represented a Russian oil and gas company in the $1 billion acquisition of an oil corporation from a large American energy company
  • represented a Russian oil company in relation to the acquisition and subsequent disposal of a 21.2 percent stake in an Eastern European upstream oil and gas corporation
  • represented one of the world’s public international oil and gas companies in its groundbreaking $3.2 billion joint venture in the Russian Arctic with one of Russia’s oil and gas companies (the deal signed in August 2011 in the presence of Russian Prime Minister Vladimir Putin in Sochi, Russia)
  • represented a top-tier oilfield service company in relation to its acquisition of Russian company OAO Oil Pump Service for an undisclosed amount
  • represented an upstream integrated operating and service company on the completion of a series of groundbreaking transactions resulting in the establishment of what is understood to be the first Russian-Chinese joint venture in the Russian oil and gas industry
  • represented a Russian oil and gas company in the acquisition of another company’s stake in LUKARCO BV for $1.6 billion
  • represented a Russian oil and gas company in the joint venture with a large Russian oil company to develop Trebs and Titov oil fields in the Russian Timan Pechora oil province
  • represented a Russian oil and gas company in connection with the drafting, negotiation and execution of a FEED services agreement, a set of front and engineering design documentation for the construction of ice-resistant fixed platforms in the Russian sector of the Caspian Sea
  • represented a Russian oil and gas company in connection with the initial $452 million convertible bond offering, the first significant capital markets transaction by a Russian issuer
  • represented a Russian oil and gas company on the first IPO and stock exchange listing of a super-major Russian oil producer 
  • represented a former Soviet host government on the proposed Trans-Caspian (Turkmenistan-Azerbaijan-Georgia-Turkey) gas pipeline project
  • represented a Russian oil and gas company in the project financing of gas fields in Uzbekistan. The project involves the negotiation of political risk insurance terms and is backed by a syndicate of banks comprising commercial lenders and two regional development banks.
  • represented a Russian oil and gas company in the $2.3 billion cross-border acquisition of an oil and gas drilling and exploration company with upstream assets in Kazakhstan 
  • represented a Russian oil and gas company in the acquisition of a 49 percent stake in the largest refinery in Europe for $2.1 billion and a joint venture with an Italian oil refining and marketing company to own and operate the refinery
  • represented a Russian oil and gas company in connection with the first Russian corporate Eurobond ($125 million offering of guaranteed notes)
  • represented a Russian oil and gas company in connection with the first full listing on the London Stock Exchange by a Russian issuer
  • represented a Russian oil and gas company as guarantor and a subsidiary as issuer on a $1 billion Eurobond due 2020.

Europe

  • represented a Chinese oil and gas company in connection with its agreements with the Brazilian subsidiary of a large European oil and gas company to subscribe for new shares comprising 40 percent of the subsidiary’s share capital for an aggregate base consideration of $7.109 billion 
  • represented a Spanish oil and gas company in connection with the drafting and negotiation of sales purchase agreements, shareholders’ agreements and commercial agreements.

Latin America

  • represented a global petrochemical company in the formation of a large international joint venture with another chemical company that included production facilities in the United States, Colombia and Brazil (many of which were embedded in larger complexes) and other operations in four other countries
  • represented an Argentinean oil and gas holding company in a $3.1 billion 50/50 joint venture with a Chinese state-owned energy company, as well as in the subsequent acquisition of joint venture partner’s stake in Pan American Energy for $7.059 billion
  • represented a large U.S. private equity firm in a $500 million investment in a Brazilian oil and gas company
  • represented a NYSE energy company in the $300 million divestiture of its wholly owned natural gas pipeline and compression assets in Mexico, including a 50 percent interest in a joint venture with PEMEX 
  • represented a NYSE energy company with the acquisition and divestiture of several oil and gas blocks in Brazil 
  • represented an international energy company regarding the development of offshore oil and gas processing facilities and related infrastructure in Latin America 
  • represented an international energy company with public tenders in Mexico for the development of midstream and downstream energy projects
  • represented a Russian oil company with regard to a joint venture of five major Russian petroleum producers (NPC) in connection with NPC’s involvement in a hydrocarbon exploration and production project on Junín-6 block in Venezuela with an announced project value of $20 billion
  • represented a global resources company in connection with the negotiation and drafting of a gas sales contract with the National Gas Company of Trinidad & Tobago
  • represented a large Chinese petroleum and petrochemical corporation in its $7.1 billion investment in a Spanish oil and gas company’s Brazilian subsidiary
  • represented an international petrochemical company in the proposed development of an ethylene cracker and polyethylene facility in Trinidad.

Middle East

  • represented one of the world’s largest independent oil and natural gas exploration and production companies in the $350 million divestiture of its Qatar operations
  • represented a Russian oil and gas company as the first significant investor in Iraq following the Iraq War (on the “super-giant” West Qurna 2 oil field, believed to be the largest oil field in the world)
  • represented a Chinese oil company in its joint acquisition with an Indian oil company of the Syrian oil and gas interests of an international oil company
  • represented an international oil company in the divestiture of the Suneinah oil and gas concession in Oman, which covers approximately 966,000 acres, and is the second-largest oil- and gas-producing contract area in Oman
  • representing a Russian oil and gas company as operator and holder of the majority participating interest in all aspects of its investment in the “super-giant” West Qurna 2 oil field in Iraq 
  • represented an affiliate of a U.S.-based private oil and gas exploration company on its joint venture with an Australian and American oil and gas company to develop its massive Sarsang Production Sharing Contract area in the Kurdistan Region of Iraq.

United States

  • represented one of the world’s largest independent oil and natural gas exploration and production (E&P) companies in the $23 billion acquisition of an oil and natural gas production E&P company and of a natural gas E&P company, as well as in a $5.5 billion senior notes offering and a $500 million senior notes offering
  • represented an independent oil and natural gas production E&P company in the $1.55 billion formation of a joint venture to sell one-third of its shale properties to an international oil and gas company
  • represented an independent E&P company in its $340 million initial public offering of common stock
  • represented a master limited partnership in its $182.4 million initial public offering of common units 
  • represented one of the world’s leading vertically integrated oil and gas companies in its historic and comprehensive joint venture with one of the largest integrated energy companies in the United States, including significant oil terminal and related downstream matters related to finance, construction and operating agreements. We also advised this company in the issuance of more than $900 million of convertible bonds and guaranteed notes, as well as in connection with its joint venture’s $4.5 billion multiproject credit facility.
  • represented an independent oil and gas producer in the $946 million acquisition of oil and gas assets in Colorado, as well as in $300 million and $500 million senior notes offerings
  • represented three MLP “drop down” transactions for the seller with an aggregate value of $2.4 billion
  • represented the buyer, a midstream master limited partnership, in a joint venture to construct a deepwater Gulf of Mexico crude oil pipeline
  • represented the buyer, a midstream master limited partnership, in the acquisition of interest in Cameron Highway Oil Pipeline Company 
  • represented the buyer, a midstream master limited partnership, in the acquisition of oil shipping operations
  • represented a master limited partnership in its $220 million initial public offering of common shares
  • represented a master limited partnership in its $73.5 million initial public offering of common units
  • represented a Special Committee of a board of directors in several transactions, including a $1.053 billion joint venture with an affiliate to finance and construct a North Louisiana expansion pipeline project 
  • represented a publicly traded energy partnership in the formation of a $1.5 billion joint venture 
  • represented a limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region in the acquisition of business assets valued at approximately $560 million and a $500 million credit facility
  • represented a consortium of industry players in the development of a proposed NGL export project from the U.S. Gulf Coast
  • represented a petrochemicals company in a $150 million senior secured notes offering 
  • represented a major oil multinational in the $1.4 billion sale of a petroleum refinery
  • represented refiners and private equity buyers in connection with numerous proposed acquisitions of refining facilities
  • represented a leading U.S. power generation company in the $2.4 billion purchase of a generation portfolio, as well as in a $1.5 billion senior notes offering, a $900 million offering of its stock, a $2 billion credit facility and an $850 million term loan facility 
  • represented a leading energy sector contractor in a $1.26 billion merger
  • represented an energy company in connection with the development and vendor financing of a 500 MW power plant project in Texas
  • represented a major energy developer in connection with the acquisition and joint venture for the development of $2 billion mine mouth, coal-fired electric generation 
  • represented an electric utility company in its development of a major high-voltage transmission line and application, granted by the Federal Energy Regulatory Commission (FERC), for incentive rate treatment for the recovery of the company’s investment
  • represented a natural gas production company in Oman in relation to the negotiation and finalization of its LNG sale and purchase agreements with Itochu Corporation and Osaka Gas.