Work Area: Oil

Halliburton brings arbitration claim against Petroecuador

A subsidiary of US oil services giant Halliburton has brought an United Nations Commission on International Trade Law (UNCITRAL) claim against Ecuador’s national oil company.

10 September 2021

Four firms guide Ecopetrol to US$1.2 billion loan in Colombia

Colombian petroleum company Ecopetrol has hired Shearman & Sterling LLP in New York and local firm Brigard Urrutia to obtain a US$1.2 billion credit facility.

06 September 2021

Colombian firm in US oil drilling acquisition

US drilling company Patterson-UTI Energy has hired four Gibson Dunn & Crutcher LLP offices and Dentons Cardenas & Cardenas in Bogotá to acquire US counterpart Pioneer Energy Services, including its operations in Colombia, in a deal worth US$295 million.

10 August 2021

Cosan subsidiary buys gas assets in Petrobras divestment

Machado Meyer Advogados has helped Brazilian state-owned oil company Petrobras divest its remaining stake in gas distribution subsidiary Gaspetro, selling it to the energy business of local conglomerate Cosan for 2 billion reais (US$394 million).

05 August 2021

Several firms in Petrobras-Chevron sale of Papa-Terra oil field

Brazilian law firms Schmidt, Valois, Miranda, Ferreira, Agel Advogados and Campos Mello Advogados have helped Canadian energy company MTI and local counterpart 3R Petroleum, respectively, acquire a deep-water oil field from Petrobras and Chevron.

04 August 2021

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

Get unlimited access to all Latin Lawyer content