The issues faced by the Energy sector such as security of supply, carbon reduction, scarcity of resources and growing global demand means that energy companies continue to face complex and challenging decisions. Our energy lawyers understand these issues and are well equipped to provide our clients with the innovative solutions that they require.
Our dedicated energy team offers advice on matters relating to a range of sectors including:
- oil and gas - up, mid and downstream and LNG
- power and renewables - power generation (including nuclear) and distribution, grid infrastructure, emissions & energy trading and wind, solar, biomass & tidal energy
We cover the full spectrum of Energy work, including mergers and acquisitions, financing, dispute resolution, project development, construction, operation and maintenance, competition and regulatory, tax, commercial and trading contracts and general commercial and corporate advice.
We are renowned for our strong Sectoral Regulation practice where we have a strong track record of advising governments and private sector clients on matters such as legislative changes, price control, procurement and other aspects of regulatory strategy.
Steven Galbraith and Hywel Davies are co-Heads of our energy practice and Tim Pharoah is deputy-Head.
Our key experience includes advising:
Drax Group plc (Drax) on a £100 million term loan facility and a placing to raise £190 million. The proceeds of the placing will be used to support the funding required to transform Drax into a predominantly biomass-fuelled electricity generator.
PTT Exploration and Production Public Company Limited, on a recommended cash offer for Cove Energy PLC for approximately £1,221.4 million.
on the financing of the Egyptian Refinery Company's Mostorod Oil Refinery Project, which is the largest ever project financing in Africa, comprising US$2.6 billion in debt and a further US$1.1 billion in equity.
Egyptian Methanex Methanol Company, the project company, and project sponsors (Methanex Corporation and EGAS) on a pioneering methanol petrochemicals project.
Centrica on project finance facilities for the financing of its wind farm portfolio and its joint venture with, DONG and Siemens in respect of Lincs offshore Wind Farm.
Kosmos Energy on US$1 billion reserves-based facilities to fund appraisal and development of the Jubilee Field offshore Ghana. We also advised on the US$3 billion refinancing.
First Reserve Corporation on the recommended cash acquisition of CHC Helicopter Corporation for approximately Canadian $3.7 billion.
AES Solar Energy group, one of the leading European solar photovoltaic energy producers, on a new secured revolving loan facility.
YTL Power International Berhad on the disposal of a 42.86 per cent. equity interest in YTL Jawa Power Holdings B.V. (a company incorporated in The Netherlands) via its wholly owned subsidiary, YTL Jawa Power Holdings Limited (a company incorporated in Cyprus), to Aster Power Holding B.V. (an indirectly wholly owned subsidiary of Marubeni Corporation) for approximately US$ 224,000,000.