Orrick advised Zarubezhneft, a major Russian state-owned oil company, on its acquisition of a majority stake in the Kharyaga oil field from Total, France’s largest oil and gas producer.
On 20 January 2016, the District Court of The Hague ruled in favour of Chevron Corporation and Texaco Petroleum Company, rejecting an attempt by the Republic of Ecuador to set aside several arbitral awards rendered against Ecuador.
Wragge Lawrence Graham & Co's (WLG) Energy team has acted on one of the UK's largest ever solar M&A deals, advising Primrose Solar on the sale of four solar farms.
Bluefield Solar Income Fund (BSIF) acquired the farms, which have a total capacity of 94.5 MW. The sale included one of the UK's largest operational farms, the Southwick Estate in Hampshire (48 MW).
The other farms are Littlebourne (17 MW) and Molehill (18 MW) in Kent and Pashley (11.5 MW) in East Sussex. All four were development projects acquired and constructed by Primrose.
Freshfields Bruckhaus Deringer has advised Mercuria Energy Group on China National Chemical Corporation’s acquisition of a 12% interest in Mercuria.
Mercuria Energy Group, one of the world’s largest independent integrated energy and commodities trading companies, completed the acquisition by China National Chemical Corporation ("ChemChina"), one of China’s largest chemical companies, through its subsidiary ChemChina Petrochemical Co., Ltd, of a 12% strategic investment in the Mercuria Energy group.
Baker & McKenzie advised Rexel under the acquisition of Sofinther from its founders. This acquisition enables Rexel to keep on developing its "multipower" activity in France and to complete its electric solution offer. Moreover, it reinforces the presence of Rexel on the controlling, thermal regulation and connected solution market.
Vienna, 13.01.2015 – At the end of December, Wolf Theiss successfully advised on the closing of the mutual separation of LUKERG Renew, a 50-50 joint venture between ERG Renew and LUKOIL. The assets of the joint venture in Bulgaria and Romania have been separated between the two companies.
Vinge advised Statoil in connection with its acquisition of shares in Lundin Petroleum AB (publ) corresponding to approximately 12 percent of the shares and votes. The total purchase price amounted to approximately SEK 4.6 billion.
Statoil is an international energy company with approximately 22,000 employees and operations in 36 countries. Statoil is headquartered in Stavanger, Norway, and is listed on the New York Stock Exchange and Oslo Børs.
Vinge’s team consisted of Göran Nyström, Dain Hård Nevonen and Rikard Lindahl.
The assets being acquired are located in the Central North Sea, West of Shetlands and the Southern Gas Basin and will add approximately 15kboepd of net production to Premier in 2016.
The acquisition, which was announced on 13 January 2016, is subject to various conditions including approval from Premier's shareholders and consent from its finance providers.
CONTACTS
Corporate: Hywel Davies (partner), Sally Wokes (partner), Emma Langlands (associate), Tom French (associate), David Hughes (associate)
In late 2014 and early 2015 we acted as lead counsel co-ordinating all aspects of the successful €800 million hostile mandatory public takeover offer by Joma Industrial Source Corp (Joma) of CAT Oil AG, an Austria-based holding company which is listed on the Frankfurt Stock Exchange (O2C). The shares in CAT Oil were held via a number of Cyprus sub-holding companies and partnerships and the bid was strongly resisted by the incumbent management. CAT Oil's management and supervisory boards finally accepted the takeover offer and recommended it to other shareholders in January 2015.
Lawyers from Dentons’ Energy and Natural Resources Practice are advising Polskie Sieci Elektroenergetyczne (PSE), Poland's state owned transmission system operator, on implementing an opinion issued by the Agency for Cooperation of Energy Regulators (ACER).