Work Area: Oil

Colombian firms brace for first left-wing government

As the Andean nation inaugurates Gustavo Petro as its first-ever leftist president, Colombian law firms are preparing for radical changes in the energy sector, as well as tax reform and an increased focus on climate change and ESG.

08 August 2022

Shell invests in Brazilian carbon credit trader

Trench Rossi Watanabe has helped the Brazilian subsidiary of energy giant Shell acquire a minority stake in local carbon credits company Carbonext for US$40 million.

21 July 2022

Brazil’s Constellation completes second restructuring

US firm White & Case LLP, Galdino & Coelho Advogados in Rio de Janeiro and two Mattos Filho offices have helped Brazilian oil drilling company Constellation complete a US$1.84 billion global restructuring, allowing it to exit a four-year recovery period and cut its debt by more than half.

05 July 2022

PetroRecôncavo raises funds through follow-on offering

Skadden, Arps, Slate, Meagher & Flom LLP in São Paulo and Brazilian firm BMA Advogados have helped local oil and gas company PetroRecôncavo make a follow-on offering worth 1 billion reais (US$202 million).

04 July 2022

Norway's BW buys Petrobras assets and oil storage vessel

Mattos Filho has helped Norwegian company BW Energy acquire two deepwater oil fields from Petrobras and a Brazil-based floating production storage unit (FPSO) from Italy's Saipem in a deal worth nearly US$150 million in total.

01 July 2022

Ex-ANP head joins Schmidt Valois as consulting partner

Schmidt, Valois, Miranda, Ferreira, Agel Advogados has hired the former director of Brazil’s National Agency for Petroleum, Natural Gas and Biofuels (ANP) as a consulting partner in its regulatory, governmental affairs and energy teams.

20 June 2022

Pemex restructures debt worth US$2 billion

Mexican state-owned oil group Pemex has hired Cleary Gottlieb Steen & Hamilton LLP in New York to restructure US$2 billion worth of debt by allowing suppliers to exchange invoices for new notes.

15 June 2022

3R Petroleum signs supply agreement with Bahiagás

Brazil’s 3R Petroleum has turned to Demarest Advogados to enter a supply agreement with Brazil’s largest gas distributor Bahiagás.

10 June 2022

Cosan subsidiary enters US lubricant market

Seven offices of Paul Hastings LLP have helped Moove, a subsidiary of Brazilian energy giant Cosan, acquire US lubricant distributor PetroChoice for US$479 million.

27 May 2022

Mercuria funds Seacrest’s Brazilian oil asset acquisitions

Multinational energy group Mercuria has turned to Herbert Smith Freehills in London, two offices of Brazilian firm Lefosse and Ferrere (Uruguay) to make debt and minority equity investments in Bermudan private equity manager Seacrest.

25 May 2022

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