Work Area: Oil

Petrobras sells remaining stake in BR Distribuidora

Linklaters in New York and São Paulo and Brazil's Lefosse Advogados have helped local fuel retailer BR Distribuidora in a secondary equity offering worth 11.4 billion reais (US$2.3 billion).

13 July 2021

CGC buys Sinopec’s oil assets in Argentina

Argentine oil and gas company Compañía General de Combustibles (CGC) has relied on HFW in London and Hong Kong and Marval O'Farrell Mairal in Buenos Aires to acquire Chinese counterpart Sinopec’s local operations.

09 July 2021

Bruchou and Martínez de Hoz steer Vaca Muerta investment

Mexico’s Vista Oil & Gas has relied on Bruchou, Fernández Madero & Lombardi in Buenos Aires to enter a US$250 million investment agreement with Swiss commodity trader Trafigura to develop oil wells in Argentina’s shale formation Vaca Muerta.

02 July 2021

Ecuador fails to annul bulk of Perenco arbitration award

An International Centre for Settlement of Investment Disputes (ICSID) committee has largely upheld Bahamian oil company Perenco’s US$449 million award against Ecuador – reducing the damages by US$36 million after annulling certain findings on quantum.

09 June 2021

Several firms steer US$423 million gas provider purchase in Chile

White & Case LLP in Houston, Miami and New York has helped US energy investor Arroyo buy Santiago-based Gasmar from Chilean gas companies Abastible and Empresa Gasco for US$423 million.

07 June 2021

Several firms guide Canadian purchase of Dominican fuel retailer

Torys LLP in Toronto and New York and Dominican law firm Pereyra & Asociados have advised a subsidiary of Canadian retailer Parkland in the acquisition of a 50% stake in fuel distributor Isla Dominicana de Petróleo.

03 June 2021

Deal of the Year Winner: Disputes

Featured in 15th Annual Awards

More than three years after Barra Energia issued an exclusion notice demanding the exit of counterpart Dommo Energia from a joint operating agreement – a move that sparked a slew of arbitral, judicial and regulatory proceedings – an arbitration tribunal upheld the withdrawal notice in a final award in 2020. It marked the first time a tribunal has enforced a forfeiture provision in a joint operating agreement (JOA) governed under Brazilian law. It wins the disputes category of our Deal of the Year Awards.

25 May 2021

Petroperú seals natural gas supply deal for Talara refinery

Rodrigo, Elías & Medrano Abogados has helped Gases del Norte de Perú (Gasnorp) sign a distribution agreement with Petroperú to deliver natural gas to the state-owned gas company’s Talara oil refinery.

21 May 2021

Peruvian state agency seeks to halt liquidation of oil consortium

A Peruvian state agency has filed an International Court of Arbitration (ICC) claim against an oil consortium, accusing it of using liquidation proceedings to escape its contractual and environmental obligations.

17 May 2021

Four firms steer PetroRecôncavo IPO

Skadden, Arps, Slate, Meagher & Flom LLP in New York and São Paulo and BMA – Barbosa, Müssnich, Aragão in São Paulo have helped Brazilian oil and gas company PetroRecôncavo raise 1 billion reais (US$221 million) in an initial public offering on the B3 stock exchange.

14 May 2021

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