Upstream
As consumption of oil and gas is forecast to increase dramatically, driven primarily by economic growth in developing markets, oil and gas producers are looking to less accessible parts of the globe and to new innovative technologies to locate this increasingly valuable resource.
Exploration and production, or upstream is a complex, competitive, capital intensive and high risk industry, increasingly governed by extensive environmental, safety and financial regulations. Significant advances relating to shale gas and other new technologies mean that the E&P map is constantly changing. All these factors make this an exciting industry to work in, and one that requires its advisers to have sector–specific knowledge backed up by a global resource capability.
Allen & Overy's integrated practice continues to be at the forefront of the upstream oil and gas sector, advising IOCs, NOCs, independents, governments, funders (equity and debt) and oilfield services companies on market leading transactions. We have market leading upstream experts throughout our network including Austria/CIS and Asia Pacific.
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News: 27 March 2024
Allen & Overy advises on the sale of majority stake in GasNet
Allen & Overy is advising Macquarie Asset Management (Macquarie), on behalf of managed funds, on the disposal of its 55.21% indirect interest in GasNet, the Czech Republic’s largest gas distribution…
News: 20 February 2024
Allen & Overy advises Uniper on sale of Hungarian gas fired power plant Gönyű to Veolia
Allen & Overy is advising the international energy company Uniper SE, Düsseldorf ("Uniper") on its sale of 100% of shares in its subsidiary Uniper Hungary Energetikai Kft. ("Uniper Hungary").
News: 08 February 2024
Allen & Overy advises on a EUR650 million bond by Italgas
Italgas S.p.A. has placed a new bond issue, due 8 February 2029, for a nominal amount of EUR650 million intended for institutional investors. Allen & Overy has advised the joint bookrunners on the…
Publications: 18 November 2022
UK sanctions against Russia: the pressure intensifies
The UK Government has introduced two further packages of sanctions against Russia in quick succession.