Work Area: Energy

Oil & gas: US$2.5 billion financing for Brazil's Barracuda and Caratinga fields

The project, completed on December 1, marks the largest-ever project financing arranged for Brazil and Petrobras' offshore development programme and is the largest limited recourse financing of an offshore oil field in Latin America to date.

01 December 2000

Oil & gas: Brasil's Petrobras in US$170 million agreement for Albacora field

Cleary, Gottlieb, Steen & Hamilton represented Petrobras in the project finance deal with Japanese companies Nissho Iwai Corporation and Indonesia Petroleum Ltd (INPEX), which was signed on November 29.

29 November 2000

Cariola and Davis Polk in tender offer launched by Chile's Enersis

The offer, launched on November 21 2000, is for the outstanding shares of two of its distribution subsidiaries, Chilectra and Rio Maipo.

21 November 2000

Two bidders for Ecuador's oil pipeline contract authorised on November 16

Baker & McKenzie, Bustamante & Bustamante, Romero Arteta Ponce and Sullivan & Cromwell represent the OCP consortium and Williams in their bid to build a heavy crude oil pipeline (oleoducto de crudos pesados - OCP).

16 November 2000

Moreno Baldivieso advises BP in Bolivian privatisation

A decree was issued on November 9 2000, awarding BP Europe Ltd the bid for the airport fuel terminals owned by the state oil company YPFB.

09 November 2000

Davis Polk and Severgnini advise in Repsol YPF reorganisation in Argentina

On November 7 2000, YPF SA, Astra CAPSA and Repsol Argentina SA, all Argentine companies controlled by Repsol YPF SA, the Spanish oil and gas company, publicly announced their plan to enter into a merger with YPF SA as the subsisting corporation.

07 November 2000

Vial & Cia and Phillipi Yrarrázaval in LPG industrial venture.

On November 2 2000, the deal in which Spain's Repsol YPF will acquire 45 per cent of Chile's Lipigas Group for US$171 million, was completed.

02 November 2000

Guerrero Olivos and Cariola close Chile's biggest transaction of the year

The transaction, which closed on October 23, involved the acquisition of Transelec, a Chilean electricity transmission company, by Canada's Hydro-Québec for US$1.076 billion.

23 October 2000

The long and winding road to privatisation in Honduras.

Congress is currently discussing a new electricity law, though it may take sometime before the law is finally approved.

01 October 2000

New electricity regulations approved

On September 18, Supreme Decree No. 017-2000-EM was published in 'El Peruano' approving the regulations applicable to the 'Commercialisation of Electricity within a Non Regulated Rate System'.

18 September 2000

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