Shell has signed an agreement with ST1 for the sale of its retail, commercial fuels and supply and distribution logistics businesses in Norway. The sale is subject to regulatory approval and is expected to be completed in 2015.
Vattenfall and Skandia are jointly investing almost SEK 2 billion to set up four wind parks in Sweden with a total output of 141 MW. This is the first time that Vattenfall invites an external investor for a wind power investment.
Clayton Utz is advising ASX-listed uranium miner Peninsula Energy Ltd (ASX:PEN) on its A$69.4 million equity and debt funding, to enable Peninsula to complete stage 1 construction and commence production at its Lance ISR projects in Wyoming.
The funding arrangements include a A$16.8 million institutional placement, a A$52.6 million accelerated renounceable entitlement offer and a US$15 million debt facility.
The Clayton Utz team is led by Perth corporate partner Matthew Johnson and senior associate James Clyne.
Clifford Chance has advised Apache Corporation (NYSE: APA) on the sale of its interests in the Wheatstone and Kitimat LNG projects to Woodside Petroleum Limited (ASX: WPL) for a purchase price of US$2.75 billion.
The Houston-headquartered oil and gas exploration and production company has agreed to sell its interests in Wheatstone LNG in Western Australia and in Kitimat LNG in Canada, along with accompanying upstream oil and gas reserves, to Woodside.
Watson Farley & Williams (“WFW“) has again advised municipal utility Stadtwerke Lübeck GmbH on all legal and tax aspects involved in the acquisition of a share of an 18 MWp ground-mounted solar park, located in Turnow-Preilack in Brandenburg, Germany. The solar park will be operated jointly with another municipal utility partner.
Macfarlanes has advised Topaz Energy on its acquisition of Esso’s fuels and convenience store businesses in Ireland from ExxonMobil.
Kendrick Investments Limited, the parent company of Topaz, will buy the entire issued share capital of Esso Ireland Limited and its wholly owned subsidiaries, Ireland ROC Limited and Esso Ireland Manufacturing Company Limited from Esso Ireland, a wholly owned subsidiary of ExxonMobil. The deal includes 38 company owned service stations and the right to supply approximately 60 service stations owned by independent dealers.
Clayton Utz is advising Otto Energy Limited (Otto) on its divestment of 100 per cent of the shares in Galoc Production Company WLL (GPC) to Nido Petroleum Limited for US$108m (approximately A$130m). GPC is the holder of Otto's 33 per cent interest in the Galoc oil field.
Perth Corporate Advisory/M&A partner Matthew Johnson, and senior associate Liz Humphry, are leading the Clayton Utz team.
Allens has advised DUET Group on its $397 million fully underwritten, non-renounceable pro rata entitlement offer. The equity raising for DUET Group, an ASX-listed owner of energy utility assets in Australia, is expected to allow the group to provide medium-term funding for growth at operating companies United Energy and Multinet Gas, to strengthen the credit outlook of the Dampier to Bunbury Pipeline, and to suspend its Distribution and Dividend Reinvestment Plan for at least three years. The Allens team on the matter was led by Partner Marc Kemp.
Thommessen are acting on behalf of Eltek in connection with the voluntary cash offer from Delta.
The Voluntary Offer values the shares of Eltek at approximately NOK 3.9 billion. Eltek is listed on the Oslo Stock Exchange and is a strategic technology partner for power solutions. The company has approximately 2,400 employees and operations in almost 40 countries.
Allens is advising Nido Petroleum Limited on its acquisition of Galoc Production Company WLL (GPC) from Otto Energy Limited.
GPC is the holder of Otto’s 33 per cent working interest in the Galoc oil field, located in the North West Palawan Basin in the Philippines. GPC is currently the operator of the field. The transaction is subject to Otto shareholder approval.