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Energy & Utilities

HERBERT SMITH FREEHILLS ADVISES BP ON STRATEGIC OPPORTUNITY TO PARTNER WITH KOSMOS ENERGY ON GAS DISCOVERIES IN SENEGAL AND MAURITANIA

23 Dec 2016

Leading global law firm Herbert Smith Freehills has advised BP on its first major investments in Mauritania and Senegal through a US$916 million deal with Kosmos Energy to acquire interests in offshore exploration blocks

As part of the transaction BP has signed agreements to take a 62 percent interest in Kosmos's exploration blocks in Mauritania, including operatorship, and an effective 32.5 percent interest in the US company's exploration blocks in Senegal.

Dentons advises Pertamina on a joint venture agreement with Rosneft for development of the Tuban refinery

23 Dec 2016

London—Dentons, together with Anya & Associates in Indonesia, has advised  PT Pertamina (Persero), the Fortune Global 500 state-owned oil and gas company of the Republic of Indonesia, on a joint venture agreement with the Russia’s largest oil company, Rosneft, to jointly develop a new refining and petrochemical complex in Tuban, East Java. The Tuban refinery is set to be the first oil refinery built in Indonesia in 22 years and is expected to have a crude processing capacity in excess of 300,000 bpd while being targeted for completion in the early 2020s.

Göteborg Energi and Skövde Municipality divest of Skövde Biogas to Torran Gas

22 Dec 2016

Göteborg Energi AB and Skövde Municipality have entered into an agreement with Torran Gas Holding AB regarding the transfer of Skövde Biogas AB to Torran Gas Holding AB. The transfer is expected to be completed in March 2017.

Skövde Biogas produces and sells biogas and biofertiliser. The company is currently owned by Göteborg Energi (51%) and Skövde Municipality (49%).

Advising AREVA in connection with the sale of AREVA TA

22 Dec 2016

Advising AREVA in connection with the signature of the agreement for the sale of all its shares held in its subsidiary AREVA TA to a consortium of buyers made up of the French Government’s Agency of State Holdings (Agence des Participations de l’Etat – APE, 50.32% of the capital), the French Alternative Energies and Atomic Energy Commission (Commissariat à l’énergie atomique et aux énergies alternatives – CEA, 20.32% of the capital) and DCNS (20.32% of the capital). EDF will stay a shareholder (9.03% of the capital).

From Primrose to Greencoat - Gowling WLG advises on further substantial portfolio solar farm disposal

22 Dec 2016

Gowling WLG has advised client Primrose Solar on its disposal of a portfolio of six solar farms, with an aggregate capacity of 78MW, to Greencoat Capital's first solar vehicle, Greencoat Solar I LP, one of 2016's largest private solar M&A deals in the UK.

The portfolio comprises solar farms in Cornwall, Wimbourn, Chichester, Ashby-de-la-Zouche, Morecambe and Hampshire, with the latter - Eveley Farm - being one of the largest sites in the country at 49MW (and in respect of which Gowling WLG advised on the acquisition and financing earlier this year).

Shearman & Sterling Advises State Grid on Its Strategic Investment in Greece’s Independent Power Transmission Operator

21 Dec 2016

Shearman & Sterling advised China state-owned State Grid as the preferred strategic investor on the acquisition of a 24% interest of Independent Power Transmission Operator, a wholly owned subsidiary of Greece state-owned Public Power Corporation.

The signing ceremony was held in Athens, Greece on Friday, December 16, 2016. The transaction represents China's second-largest investment in Greece in recent months.