Work Area: Oil

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

Familiar firms in 3R follow-on

Brazil’s Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados have helped oil company 3R Petroleum make a follow-on offering worth 823 million reais (US$148 million), nearly four months after it launched Brazil’s first IPO in the oil and gas sector in nearly a decade.

20 April 2021

Ecuador faces second arbitration over Amazon oil projects

An Argentine-owned energy company is bringing a United Nations Commission on International Trade Law (UNCITRAL) claim against Ecuador over the termination of contracts to exploit Amazonian oil projects, a dispute that has already given rise to a US$515 million award against the state.

08 April 2021

Several firms help SNC-Lavalin divest in the Andean region

Five White & Case LLP offices have helped Dubai-based infrastructure group Kentech acquire the Colombian and Peruvian oil and gas operations of Canadian engineering group SNC-Lavalin.

29 March 2021

Brazil sees first non-Petrobras gas transportation contract

Tauil & Chequer Advogados in association with Mayer Brown has helped Brazilian gas company TAG sign the country’s first ever natural gas transportation contract – in which Petrobras is not the transporter – with chemicals company Proquigel.

22 February 2021

3R Petroleum launches Brazil’s first oil and gas IPO in a decade

Milbank in New York and São Paulo and Brazilian firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados have helped local oil company 3R Petroleum raise 600 million reais (US$115 million), in what is the first Brazilian IPO in the oil and gas sector in nearly a decade.

04 December 2020

Get unlimited access to all Latin Lawyer content