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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Publications: 25 FEBRUARY 2020
Oil and gas joint venture parties not bound by good faith or rationality when discharging operator
Parties to an unincorporated oil and gas joint venture were free to act in their individual best interests in deciding whether to discharge another party from its operator role. No duty of good faith or rationality applied: (1) Taqa Bratani Ltd; (2) Taqa Bratani LNS Ltd; (3) JX Nippon Exploration and Production (UK) Ltd; and (4) Spirit Energy Resources Ltd v Rockrose UKCS8 LLC [2020] EWHC 58 (Comm).
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News: 06 FEBRUARY 2020
Allen & Overy advised APICORP on two facilities for an aggregate value of USD250m
Allen & Overy advised The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, on two facilities for an aggregate value of USD250m to Sonatrach Petroleum Investment Corporation (SPIC), a subsidiary of Sonatrach S.p.A., the Algerian state-owned national oil company.
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News: 03 FEBRUARY 2020
Top rankings for A&O’s Projects, Energy, Natural Resources and Infrastructure group
A&O’s global Projects, Energy, Natural Resources and Infrastructure group has finished top of the IJGlobal and Dealogic league tables, making 2019 another highly successful year.
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News: 07 JANUARY 2020
A&O rounds off 2019 with stellar performance in global M&A league tables
A&O has marked the end of Q4 2019 with a stellar performance in the M&A league tables; the result of advising on a number of complex, high-value transactions in a wide range of sectors and markets, around our global network in 2019.
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