Work Area: Energy

Petroperú gets financing to complete Talara upgrade

Clifford Chance LLP in New York and Peru’s Rubio Leguía Normand have helped state-owned oil company Petroperú raise US$1 billion in a bond issuance to complete the modernisation of its Talara oil refinery.

22 February 2021

Chile launches first tariff stabilisation bond

Holland & Knight LLP in New York has helped state-owned Chile Electricity raise US$489 million in Latin America’s first-ever tariff stabilisation financing, after the government established a law in late 2019 capping electricity prices after national social unrest.

18 February 2021

Brazilian energy IPO misses target

Simpson Thacher & Bartlett LLP in New York and Demarest Advogados in São Paulo have helped Brazil’s Focus Energia raise 887 million reais (US$165 million) in an IPO to fund the construction of solar projects.

15 February 2021

Korean investor threatens Peru with arbitration over blocked gas sale

A Korean energy company has threatened Peru with a treaty claim, accusing the state of blocking the billion-dollar sale of its gas investments in the Amazon basin.

10 February 2021

Latham and Miranda & Amado steer Peruvian oil block sale

Three Latham & Watkins LLP offices and Miranda & Amado Abogados in Lima have helped Colombian oil company Ecopetrol and South Korean counterpart Korea National Oil sell Offshore International Group (OIG) – which operates oil fields in Peru – to US investor De Jong Capital.

05 February 2021

Norwegian investor buys Chilean renewables in billion-dollar deal

Slaughter & May in London and Claro & Cía in Santiago have helped Norwegian renewables investor Aker Horizons snap up Chilean wind and solar assets by acquiring a controlling stake in Ireland’s Mainstream Renewables for 1 billion euros (US$1.1 billion).

03 February 2021

US gas company makes splash in Brazilian LNG with US$5 billion deal

Three Skadden, Arps, Slate, Meagher & Flom LLP offices and Lefosse Advogados in São Paulo have helped New Fortress Energy boost its Brazilian liquefied natural gas (LNG) portfolio by acquiring three counterparts as part of a US$5 billion deal that sets it up to be Brazil’s leading gas-to-power company.

02 February 2021

Martínez de Hoz stars in Equinor-YPF oil block sale to Shell

Martínez de Hoz & Rueda in Buenos Aires has helped Norwegian oil company Equinor divest a minority stake in an Argentine offshore oil field, which it jointly owns with local counterpart YPF, to Shell.

02 February 2021

Engie renewables financing brings Chile closer to carbon neutrality

Shearman & Sterling LLP in New York have helped French power group Engie obtain a US$125 million loan for the construction of a wind farm in northern chile.

01 February 2021

Brazilian in-house lawyers open infrastructure boutique

Two former in-house lawyers, who have previously held positions in the energy sector and regulatory agencies, have launched a boutique in São Paulo focusing on energy, infrastructure and public law.

21 January 2021

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