Herbert Smith Freehills is advising AGL Energy Limited (AGL) on its recently announced transaction to sell its North Queensland gas assets to a consortium of Shandong Order Gas Co. Ltd. and Orient Energy Pty Ltd.

The assets comprise AGL’s:
    50% interest in the Moranbah Gas Project Joint Venture (MGPJV),
    50% interest in the North Queensland Energy Joint Venture (NQEJV), and
    AGL's participation rights in the ATP1103 exploration licence located in the Bowen Basin.

Loyens & Loeff Luxembourg assisted QGOG Constellation S.A., as issuer, in respect of (i) an offer to exchange all of its outstanding 6.250% Senior Notes due 2019 for newly issued 9.000% Cash / 0.500% PIK Senior Secured Notes due 2024 and (ii) a solicitation of consents to certain proposed amendments to the existing indenture.

Squire Patton Boggs has acted as US counsel to India’s largest power producer, NTPC Limited, in connection with the sale of a 6.6% stake in the business by the Government of India, which has raised Rs. 9,100 crore (approximately US$1.42 billion).

Biswajit Chatterjee, partner and co-chair of Squire Patton Boggs’ India Practice, assisted by senior associate Kaustubh George and associate Anandee Banerji, were part of the team that advised the government’s Department of Investment and Public Asset Management and NTPC on the transaction.

Bird & Bird ATMD has acted for SGX-listed Cityneon Holdings Ltd in the recent acquisition of JP Exhibitions LLC for US$25 million, allowing it to make global use of the intellectual property of the Jurassic World Exhibition. This exhibition is a licensed spin-off from the blockbuster movie Jurassic World and is Cityneon's third acquisition. It follows Disney's Marvel Avengers STATION and Hasbro's Transformers Autobot Alliance.

The team involved in this transaction was led by Marcus Chow (Partner, Singapore).

Bird & Bird ATMD has acted for a consortium led by SGX-listed Cityneon Holdings Ltd's ("Cityneon") management, in the acquisition of a 52.51% stake in Cityneon for S$115.61 million from Star Media Group, one of the largest publication and printing companies in Malaysia.

DLA Piper has assisted Falck Renewables S.p.A., an Italian listed company, in connection with the acquisition of 80 percent of the shares in Vestavind Kraft AS.

Vestavind Kraft AS is the owner of the wind power projects Hennøy in Bremanger and Okla in Selje. The acquisition was completed on 1 September 2017. The projects have a planned capacity of around 70 MW, which could provide an annual output of 230 GWh.

Nabors Industries has acquired Robotic Drilling Systems from Odfjell Drilling, Statoil, Investinor and Westcon et seq. The company has for 12 years worked on developing an automated drill floor robot. Several test projects have been launched on the test facilities rig Ullrigg, situated close to Stavanger.

The system will also be used  on the rig Deepsea Atlantic, which is owned by Odfjell Drilling and operates on the Sverdrup field. The system will fully automate drill floor operations like tool and pipe handling.

We advised the sellers in the transaction.

De Brauw has advised Schlumberger on the acquisition of 50% interest in Petro-SPM from Petrofac.

Schlumberger has acquired a 50% interest in Petro-SPM Integrated Services from Petrofac. Petro-SPM is a joint venture company set up to operate the onshore Pánuco field. Petrofac and Schlumberger established Petro-SPM Integrated Services in March 2013 under a 30-year integrated services contract signed with Pemex. Schlumberger now holds a 100% interest in Petro-SPM.

De Brauw involvement
Legal counsel to Schlumberger

Other advisors

DLA Piper has advised Territory Generation (T-Gen) on the transition to a renewable energy future for the Northern Territory, under their Alice Springs Battery Energy Storage System Project.

Vector Energy has been announced as the preferred supplier to install a 5MW Battery Energy Storage System (BESS) in Alice Springs, which will be one of the largest grid-connected storage solutions in Australia.

Orrick is advising Cayman Islands-based offshore drilling contractor Ocean Rig UDW in its comprehensive deleveraging and recapitalization. The company is seeking to implement the transaction pursuant to four interrelated schemes of arrangement in the Cayman Islands. If sanctioned by the Cayman Court, the Company and its Marshall Islands subsidiaries, Drill Rigs Holdings Inc., Drillships Financing Holding Inc. and Drillships Ocean Ventures Inc.