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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. 

 

News & insights

Building columns

Publications: 25 FEBRUARY 2021

Okpabi: Supreme Court rules that Nigerian communities can sue Shell and its Nigerian subsidiary in England

Okpabi and others (Appellants) v Royal Dutch Shell Plc and another (Respondents) [2021] UKSC 3, 12 February 2021.

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Large oil rig in the ocean at dusk

News: 17 FEBRUARY 2021

Allen & Overy has advised on PT Pertamina (Persero)’s latest global offering of USD1.9 billion bonds under the company’s USD20 billion Global MTN Programme

Allen & Overy has advised the arrangers and dealers on PT Pertamina (Persero)’s global offering of USD1billion 1.40% bonds due 2026 and USD900million 2.30% bonds due 2031 under the company’s USD20bn…

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Close up of industrial valves

News: 09 FEBRUARY 2021

ANOH midstream gas processing plant in Nigeria – A&O advising the lenders

Allen & Overy has advised a consortium of banks on the USD260 million limited recourse debt financing to fund ANOH Gas Processing Company’s (AGPC) Assa North-Ohaji South (ANOH) midstream gas…

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City, sun reflecting from the glass buildings

Publications: 19 JUNE 2020

European Commission targets foreign subsidies causing market distortions

As part of a broader effort to reshape the EU’s trade policy, the European Commission (EC) proposes to expand its toolbox to tackle foreign subsidies undermining the level playing field in the EU’s…

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