Morais Leitão’s Claudia Santos Cruz on recent legal developments and the future of the Angolan oil industry in the wake of the Covid-19 pandemic
For a brief period in 2009, Angola was Africa’s largest oil producer with production reaching two million barrels per day. Current production is around 1.37 million barrels per day. This reduction is generally attributed to a general reduction in production; low oil prices and more recently Covid-19 pandemic effects. Continue reading “Sponsored briefing: Angola – getting back in the game”
Navigant’s Mark Taylor on the pressures that oil prices exert on contracts in the sector
We all know how the price of fuel at the pump can affect how individuals feel about their own prosperity. For producers in the oil and gas sector, oil price uncertainty is a substantial risk, since it has a direct bearing on a project’s return on investment. Assumptions about future oil prices always weigh heavily on investment decisions, but in recent years severely fluctuating prices have added economic risks for producers, on top of the inherently complex engineering challenges of exploration and production. Continue reading “Sponsored briefing: Disputes flare up in the oil and gas sector”
Dentons has taken the lead advising French oil and gas company Total in signing a £4bn ($5bn) contract with Iran’s national Oil company, the republic’s first energy deal with a foreign enterprise since sanctions eased 18 months ago.
Continue reading “Dentons advises Total on $5bn Iranian oil deal in first long post-sanction contract”
The general counsel and company secretary of the newly-formed gas company on the importance of saying ‘yes’
Within a month of Mark Cooper joining National Grid (NG)’s in-house team in 2015, things became very busy very quickly. UK general counsel (GC) Rachael Davidson told him that one of the businesses he was looking after – NG’s gas distribution network – was going to be sold off.
Continue reading “Client profile: Mark Cooper, Cadent Gas”
Navigant’s Tony Farrow describes how the particular risks of offshore oil and gas extraction present unique challenges for parties involved in construction projects
Onshore and offshore basics
In oil and gas extraction, both onshore and offshore-based facilities are dealing with the same process – namely the collection, initial processing, storage, and transfer of oil and gas. However, there are significant differences in the technical demands and risk profile of each approach. Continue reading “Sponsored briefing: Offshore construction risks”
Head of legal
Formerly of Herbert Smith Freehills in both London and Tokyo, the ten-year qualified Amos Carrington is already head of legal at Seven Energy, the leading integrated gas company in Nigeria, with upstream oil and gas interests in the region.
Continue reading “Rising Stars: Energy”
Linklaters and Slaughter and May have taken lead roles as UK energy services giant Wood Group is to acquire its struggling rival Amec Foster Wheeler for £2.2bn amid market competition concerns.
The deal was announced in March and is expected to close in the second half of 2017. Under the terms, Scottish company Wood Group is offering £5.64 per Amec share, for 56% ownership of the combined group.
Continue reading “Magic Circle duo land £2.2bn energy deal as antitrust concerns surface”
Latham & Watkins announced today (13 December) that it has hired Herbert Smith Freehills’s (HSF) global energy co-head John Balsdon, who will join its finance team in the City.
Continue reading “Latham continues City hiring spree with HSF energy head Balsdon”
Freshfields Bruckhaus Deringer and CMS Cameron McKenna reprised their advisory roles as the Ministry of Defence (MoD) made a £1.1bn extension to the largest accommodation private finance initiative project it has undertaken.
In November the MoD amended its long-running Project Allenby/Connaught contract to include an army basing programme, which will provide new accommodation and improve facilities for soldiers. Negotiations have ensured the original transaction, which had a value of £8bn and was signed in 2006, will continue without disruption.
Continue reading “UK projects teams earn their stripes as MoD makes key changes to army deal”
Slaughter and May earned £12m in fees for its government work on the controversial £18bn Hinkley Point C project, it has emerged.
Continue reading “Nuclear windfall: Slaughters gifted with £12m fees for Hinkley Point C”