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International Edition

Norton Rose and Eversheds lead on £100bn offshore wind farm project

A raft of law firms including Norton Rose and Eversheds have secured roles advising on a landmark £100bn offshore wind farm project that could meet up to a quarter of the UK's electricity demand. The deal sees Norton Rose advising the Crown Estate as the owner of the seabed around the UK on which the wind turbines will be developed. The Crown Estate today (8 January) awarded licences to cover nine wind farm zones, which between them will deliver up to 25 gigawatts of power around the UK by 2020.
2 minute read

International Edition

Reed Smith adds two partners in the City with Dentons and Shell hires

Reed Smith has bolstered its London offering with the addition of two new partners in the City. Former Reed Smith energy partner Sian Fellows has rejoined the firm from oil giant Shell, where she spent three years in a senior in-house role. Meanwhile, real estate lawyer Jimmy Theodorou joins as a partner from Denton Wilde Sapte, where he was an associate.
2 minute read

International Edition

Mayer Brown seals South American boost with Brazilian alliance

Mayer Brown has bolstered its South American practice after sealing an alliance with Brazilian firm Tauil & Chequer (T&C). T&C, which specialises in energy and infrastructure work and has offices in Sao Paulo and Rio de Janeiro, will now operate as Tauil & Chequer in association with Mayer Brown.
2 minute read

International Edition

Skadden and Davis Polk lead on Exxon's $31bn natural gas buyout

Davis Polk & Wardwell and Skadden Arps Slate Meagher & Flom have won lead roles on the biggest energy deal since 2006 - Exxon Mobil's acquisition of natural gas company XTO Energy for $31bn (£19bn). Davis Polk, which represented Exxon on its $80bn (£49bn) purchase of Mobil in 1999, reprised its role as lead M&A counsel, with a team led by M&A head George Bason, alongside corporate partners Louis Goldberg and Arthur Golden, tax partner Avishai Shachar, benefits partner Edmond FitzGerald and environmental partner Gail Flesher.
2 minute read

International Edition

CC takes lead on nuclear power joint venture

Clifford Chance (CC) has taken a lead role on the joint venture between RWE npower and E.ON that will see the development of the next generation of nuclear power stations in the UK. Horizon Nuclear Power, the 50:50 joint venture between Germany's biggest utility companies, is set to create 11,000 jobs in the UK over the next 15 years.
2 minute read

International Edition

More than just price

"A typical energy project is complex, unpredictable and chaotic," says Peter Roberts, general counsel of Centrica Energy, the upstream business of Centrica. "So attempting to tie a law firm to a fixed fee is an unintelligent way of proceeding." Still, Roberts expects any law firm advising on one of the oil and gas, wind or early phase nuclear power projects Centrica is currently developing to be able to at least provide a cost estimate - even if they end up straying from it: "It's like asking a cabbie how much he reckons it will cost to get to King's Cross," he says. "If he can't at least give you a rough estimate then there is a strong suggestion that he doesn't know what he is doing."
6 minute read

International Edition

Watson Farley set for Spain launch with hire of Lovells team

Watson Farley & Williams is set to enter the Spanish market with the hire of a Lovells team in Madrid. The firm has recruited banking and finance partner Joaquin Sales and energy-focused corporate counsel Maria Pilar Garcia to head up the new Madrid office. Both join as partners and bring along with them four associates from Lovells.
2 minute read

International Edition

Akin Gump adds partner to City base with hire of White & Case energy specialist

Akin Gump Strauss Hauer & Feld has boosted its City energy and corporate practices with the hire of a White & Case partner. Greg Hammond joins the US firm tomorrow after 10 years as a partner at White & Case, working on corporate finance transactions with a focus on the oil and gas, energy, financial services and consumer products sectors.
2 minute read

International Edition

Simmons duo depart to join Weil Gotshal in Hong Kong

Weil Gotshal & Manges has boosted its Asia practice with a double hire from Simmons & Simmons in Hong Kong. Henry Ong has joined Weil's Hong Kong office as a partner along with Jasson Han, who joins as a partner-level senior consultant, the same title he held at Simmons.
2 minute read

International Edition

Norton Rose and Deacons advise BP on carbon deal

Norton Rose and Deacons Australia have come together to advise oil giant British Petroleum (BP) on their first public deal since finalising their merger. The firms are advising BP on a carbon offset deal that will see 10 million eucalyptus trees, worth A$2.5m (£1.4m), planted across Australia within the next 15 years.
2 minute read

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