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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 and insights

Coding on an LCD computer screen

Publications: 28 February 2024

Digital M&A runs into antitrust hurdles with consumer, life sciences, transport and energy deals also targeted

Digital/tech M&A faced antitrust stumbling blocks as authorities ramped up merger control enforcement in the sector. Overall, however, antitrust intervention in 2023 focused on consumer, life…

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Equipment, cables and piping as found inside of a modern industrial power plant

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").

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interior of a modern industrial warehouse

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…

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London

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. 

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