The energy and natural resources industries are being transformed by new technology and the challenges of project deliverability, energy security and climate change with many exciting new opportunities for corporates, utilities and public bodies.
Our clients demand practical, yet innovative legal solutions from lawyers who have a parallel commercial understanding of the sector and the issues they face in a range of jurisdictions across the globe. Our clients have entrusted us to provide legal solutions in more than 40 countries.
Whether you have a corporate, joint venture or M&A transaction to navigate, a dispute or arbitration that needs resolving, or are financing a major project, we would like to work as part of your team to solve your toughest legal issues.
Advised a Sovereign Wealth Fund on its $100m subscription which cornerstoned a wider $275m and up to $368m equity fundraising and $392m debt restructuring of Premium Main Market listed Kenmare Resources.
Advised on the Arrangement Agreement in relation to Endeavour Mining’s acquisition of Avnel, by way of a Canadian securities laws-compliant Guernsey scheme of arrangement, in an all-share transaction.
We are advising Basra International Oil and Gas Hub Ltd (BIOGH) on the creation of a specialised oil and gas free zone at Khor Al-Zubair, Basra. The specialised free zone, totalling 11 million square metres, will provide a mixed-used site for manufacturing, storage and servicing of the expanding requirements of Iraq’s oil and gas sector. This is one of the most significant investment contracts entered into by the Iraqi Free Zones and will employ around 10,000 Iraqi nationals bringing substantial economic benefits for the regional economy.
Advised Peel Hunt and Tamesis Partners on a US$30m fundraising for AIM and ASX listed Berkeley Energia.
Advised JPMC and Peel Hunt on USD $186m underwritten fundraise for Central Asia Metals and its re-admission following USD $402.5m acquisition of the SASA mine.
Advised Shanta Gold on raising US$14.0m by way of placing and direct subscription. The Fundraising was undertaken in conjunction with the debt restructuring and the conditional acquisition of the issued and outstanding common shares of TSX listed Helio resources, which owns an adjacent project in Tanzania, by way of a statutory plan of arrangement. BLP also acted on a similar $10m fundraising for Shanta in 2016.
We advised Hellenic Petroleum, Greece’s largest oil and gas company, on the successful auction of part of their interest in the West Obayed oil and gas concession in Egypt to Vegas Oil and Gas.
We advised Great Eastern Energy Corporation (GEEC), an Indian company focused on the monetisation of natural gas from coal seams, on the introduction of its Global Depositary Receipts (GDRs) to the London Stock Exchange’s standard list and to admission to trading on the Main Market. On IPO, GEEC had a market capitalisation of £570m.
BLP acted for Macquarie Bank on the US$135m financing of the acquisition by AIM listed IGas Energy plc of Star Energy Group Limited from Petronas International. The acquisition consolidates IGas’s existing coal bed methane assets with Star’s substantial onshore UK oil and gas business and makes IGas a significant player in the onshore hydrocarbon industry in the UK. In addition to the debt package, the overall transaction included warrants and an AIM placing.
A member of our team advised the sponsors (a project company formed by Petronas, Sasol and Uzbekneftegaz) in connection with a gas-to-liquids project in Uzbekistan, including negotiating, drafting and finalising the host government agreement and supply and offtake arrangements.
Our fourth annual report focuses on private equity investments into the mining sector in 2017.