Lawyers in Chadbourne’s oil and gas practice have been serving industry participants for many years. We have extensive transactional and regulatory energy experience, and draw from our globally renowned energy and project finance group and our top-tier Russia and Central and Eastern Europe practices. Our clients include oil and gas companies, from independents focusing on upstream activities, to fully integrated oil companies, pipeline companies and consortia, as well as commercial banks, multilateral agencies, investment banks and other providers of financing for energy projects. We also have represented governments, energy associations and end-consumers of energy.
Liquefied Natural Gas (LNG)
In the LNG industry, our lawyers have advised on the financings on some of the most innovative and challenging LNG liquefaction export facilities over the last several years. IN that context, we have reviewed and advised on development structures and agreements, transaction risk analysis and allocation, joint venture structures and agreements, LNG sale and purchase agreements, LNGnk transportation and related port usage and services agreements, LNG tolling agreements, LNG terminalling and regasification services agreements, LNG and liquid fuel management agreements, and LNG vessel construction, financing and transportation agreements. We also have extensive experience with other agreements typically present in LNG projects, such as facilities and equipment engineering and construction contracts, operation and maintenance agreements, and power and utilities services contracts.
Pipeline Development and Finance
An important part of our oil and gas practice is our work on oil and natural gas pipeline projects. We have advised lenders and developers with respect to non-recourse and limited recourse financings for the construction and operation of domestic and cross-border oil and natural gas pipeline projects. We have worked on both bank and capital market financings for pipelines, and are experienced with FERC tariff and other regulatory matters pertaining to domestic pipelines, as well as with transportation agreements, interconnection agreements, balancing agreements and other commercial arrangements for the operation of pipeline facilities around the world.
Refining, Processing and Storage
In addition to pipeline projects, Chadbourne lawyers have worked on other midstream projects, such as refining and processing projects and natural gas storage projects.
Exploration and Production (E&P)
Lawyers in our oil and gas practice advise clients on all aspects of the exploration and production of hydrocarbons. In this regard, we advise clients on concessions, leases, farm-out agreements, production sharing agreements, risk service contracts, international joint operating agreements and other joint venture arrangements for hydrocarbon extraction. We also advise clients on the acquisition and disposition of oil and gas properties. Additionally, we work with governments and state-owned enterprises on privatizations, production sharing legislation, mineral licensing and other petroleum legislative regimes.
A significant component of our practice involves structuring and negotiating non-recourse and limited recourse financings for oil and gas field development projects. Our lawyers’ significant experience in project financed transactions enables us to advise both lenders and developers on the financeability of E&P projects.
We are also well-versed in federal and state regulation of natural gas pipelines and local gas distribution systems in the United States. We have represented industrial end-users and independent power developers in interstate gas pipeline proceedings in front of the US Federal Energy Regulatory Commission and the US Courts of Appeal and have participated in proceedings before various state public utility commissions concerning local gas distribution services. In connection with that work, we have participated in numerous proceedings involving the restructuring of the interstate gas industry in the US and have advised clients on the impact of these proceedings on gas supply and transportation services.
Privatization/Acquisition, Energy Investment and Transport
Our oil, gas and LNG practice lawyers have advised lenders, participants and governments on various aspects of international energy privatizations and investments.
Chadbourne Represents Lenders on US$11.5 Billion Senior Debt Financing for Corpus Christi LNG Project
Chadbourne represented the lenders in connection with the US$11.5 billion senior debt financing for the Corpus Christi LNG Project. The Corpus Christi LNG Project is sponsored by affiliates of Cheniere Energy, Inc. and is located on the La Quinta Channel on the northeast side of Corpus Christi Bay in San Patricio County, Texas. The project, when fully constructed, is expected to comprise three liquefaction trains with expected aggregate nominal production capacity of approximately 13.5 mmtpa, three full-containment LNG storage tanks with capacity of approximately 10.1 Bcfe, two LNG carrier docks and a 22-mile, 48" natural gas supply pipeline, as well as all associated facilities. The estimated total capital cost of the project is US$15.4 billion.
Chadbourne Represents Lenders on US$4 Billion Financing for Train 2 and the US$3.7 Billion Financing for Train 3 of Freeport LNG Liquefaction Project
Chadbourne recently represented the lenders on the US$3.691 billion financing of Train 3 of the Freeport LNG liquefaction and export project at Quintana Island near Freeport, Texas. The cost of the Freeport LNG liquefaction project, which consists of three trains, is expected to be approximately US$12.5 billion. The project financings include an additional approximately US$3 billion raised for refinancing costs and contingency funding, making it the largest fully non-recourse construction acquisition financing project ever. Chadbourne also advised on the US$4 billion financing for Train 2 of the project.
Chadbourne Represents Lenders on US$4.6 Billion Financing for Train 5 Expansion of Sabine Pass Liquefaction's LNG Export Project
Chadbourne represented the lenders on a US$4.6 billion financing that will include Train 5 of the Sabine Pass Liquefaction LNG export project at the Sabine Pass LNG Terminal, located in Cameron Parish, Louisiana. Chadbourne also previously represented the lenders on the initial Sabine Pass Liquefaction Trains 1-2 financing that closed in 2012, and the subsequent Sabine Pass Liquefaction Trains 1-4 financing that closed in 2013.
Chadbourne Advised on Financing for the Expansion of Bolivia–Brazil Pipeline
Chadbourne represented Corporación Andina de Fomento (CAF), together with the US Export-Import Bank, on the US$125 million financing of the expansion of the Bolivian portion of the Bolivia-Brazil pipeline, owned and operated by Gas TransBoliviano.
Chadbourne Represents YPF in the Largest Corporate Bond Offering in Argentine History
Chadbourne represented YPF S.A., Argentina’s largest oil and gas company, in a landmark US$1.5 billion global bond offering, the largest issuance of corporate bonds in Argentina’s history. YPF placed the 10-year bonds at 8.5 percent, and the notes were sold in reliance on Rule 144A and Regulation S under the US Securities Act of 1933.
Chadbourne Advises on US$1.075 Billion Notes Offering to Refinance the Ruby Pipeline
Chadbourne represented the initial purchasers in the issuance and sale by Ruby Pipeline, L.L.C. of US$1.075 billion aggregate principal amount of senior unsecured notes. Chadbourne also represented the syndicate of commercial banks in separately extending US$350 million unsecured term loan facilities and US$25 million unsecured revolving credit facilities to Ruby Pipeline, L.L.C. Read more
Corpus Christi LNG Project. Represented the lenders in connection with the US$11.5 billion senior debt financing for the Corpus Christi LNG Project in San Patricio County, Texas.
Freeport LNG liquefaction and export project. Chadbourne represented the lenders on the US$3.691 billion financing of Train 3 of the Freeport LNG liquefaction and export project at Quintana Island near Freeport, Texas.
Sabine Pass Liquefaction's LNG Export Project. Chadbourne represented the lenders on a US$4.6 billion financing that will include Train 5 of the Sabine Pass Liquefaction LNG export project at the Sabine Pass LNG Terminal, located in Cameron Parish, Louisiana. Chadbourne also previously represented the lenders on the initial Sabine Pass Liquefaction Trains 1-2 financing, and the subsequent Sabine Pass Liquefaction Trains 1-4 financing.
Expansion of gas pipeline. Represented Corporación Andina de Fomento (CAF), together with the US Export-Import Bank, on the US$125 million financing of the expansion of the Bolivian portion of the Bolivia-Brazil pipeline, owned and operated by Gas TransBoliviano.
YPF US$1.5 billion global bond offering. Represented YPF S.A., Argentina’s largest oil and gas company, in a landmark US$1.5 billion global bond offering, the largest issuance of corporate bonds in Argentina’s history.
Ruby Pipeline. Represented the initial purchasers in the issuance and sale by Ruby Pipeline, LLC of US$1.075 billion aggregate principal amount of senior unsecured notes.
Uganda (Blocks 1, 2 and 3A). Represented Tullow Oil on their US$2.9 billion sale of interests in the Lake Albert Basin to Total and CNOOC and negotiated and drafted the sales agreements and new joint operating agreement to transfer operatorship to Total and CNOOC.
Pioneer Natural Resources. Represented Pioneer on their US$866 million sale of onshore interests in gas fields in Tunisia to OMV and negotiated and drafted the sales agreement and transitional services arrangements.
Devon Energy. Represented Devon on their US$2.5 billion sale of onshore West Africa interests in Equatorial Guinea, Cote d’Ivoire, Ghana and Angola and negotiated and drafted the sales agreement.
Seven Energy. Represented Seven Energy on the acquisition by way of a share-for-share exchange of the entire issued share capital of Gulf of Guinea Energy and negotiated and drafted the purchase agreement and amended shareholders agreement.
Seven Energy. Represented Seven Energy on the acquisition of a 62.5 percent equity stake in Universal Resources, the operator of the Stubb Creek Marginal Field in Nigeria.
Nigeria. Represented various bidders on their proposed bids to acquire onshore acreage being sold by Chevron and Shell.
Maple Energy Plc. Represented the lenders in a US$140 million senior secured financing for a greenfield ethanol project on the northern coast of Peru, which Project Finance magazine named the “Latin American Biofuels Deal of the Year.”
DONG Energy. Represented DONG on a number of asset sales and asset swap in the UK North Sea and negotiated and drafted the asset sales agreements and resulting joint operating agreements.
Canadian Natural Resources. Represented CNR on their acquisition of certain of ENI’s interests in the North Sea for €158 million.
Norwegian North Sea. Represented a US independent energy company in the sale of its Norwegian assets for US$150 million and drafted the sales agreements.
UK North Sea. Represented a US independent energy company on their proposed bid to acquire the UK North Sea assets of an insolvent operator.
Premier Oil. Represented EnCore Oil /Premier Oil on a swap of assets in the UK North Sea and negotiated and drafted the asset sales agreement and resulting joint operating agreement.
UK North Sea. Represented a US independent energy company on the forward sale of crude production by way of a prepay financing agreement.
Enfield Power Plant. Represented the selling consortium, comprised of a number of US independent power producers, in the sale of its 400 MW combined cycle natural gas-fired power plant in Enfield, London to a buying consortium comprised of E.ON and Deutsche Bank.
Lincolnshire Power Plant. Represented a bidder in the proposed acquisition of a 1,220 MW combined-cycle natural gas-fired power plant in Lincolnshire, UK.
PetroKazakhstan Inc. Represented CNPC as lead counsel on the US$1.3 billion sale of 33 percent of the shares of PetroKazakhstan to KazMunaiGas and the creation of a 50-50 joint venture with KazMunaiGas in relation to the strategic Shymkent oil refinery in Kazakhstan.
North Sea acquisition. Represented Endeavour Energy Corporation in connection with the acquisition of Talisman Expro, a company owning a portfolio of North Sea assets, for US$414 million.
Corporate sale. Represented the majority shareholders of a holding company with interests in two significant oil fields in Kazakhstan in the US$430 million sale of their shares to a Chinese oil and gas company.
AIM listing. Represented Roxi Petroleum, a Kazakhstan-based oil exploration and development company, in connection with its acquisition of interests in three exploration and production assets in Western Kazakhstan and the company’s readmission to the Alternative Investment Market of the London Stock Exchange.
Securitization. Represented BCP Securities and Banco de Valores in connection with the securitization of Argentinian hydrocarbon royalties, in a deal worth US$150 million.
Tarbagatay Munay. Represented the sellers of a 49 percent interest in an oil and gas field in eastern Kazakhstan, creating a Kazakh-Chinese joint venture, to develop a privately owned cross-border pipeline and an LNG processing facility in China.
Star Energy. Represented this US based oil and gas company in connection with the acquisition of three Ukrainian exploration and production companies.
Grupa Lotos IPO. Represented Grupa Lotos, Poland’s second largest refiner and its largest shareholder Nafta Polska, in its initial public offering.
First Ukrainian PSA. Represented Vanco International on negotiating the first ever production sharing agreement with Ukraine, for exploration and production from the Black Sea continental shelf.
Caspian Energy Group. Represented Caspian Energy Group and its joint venture with the State Oil Company of Azerbaijan, Shirvan Oil, in connection with a 10-year risk-sharing services agreement with Schlumberger Overseas Services for the Kyurovdag oil field, the largest onshore field in Azerbaijan.
Operating Agreement. Advising in connection with the obligations between joint venture participants and government entities under the terms of an Operating Agreement and Concession in Latin America.
Trinidad JOA. Represented BG Group in the negotiation and drafting of a new joint operating agreement and amendment of the previous JOA in order to transfer the operatorship of the Manatee gas field to Chevron.
Kurmangazy PSA. Represented a major US oil company in negotiating with Kazakhstan’s state oil company and drafting the Kurmangazy oil field production sharing agreement in the offshore Caspian region.
AES Andres. Represented AES Andres in connection with the project financing of an LNG receiving terminal, regasification facility and 306 MW natural gasfired combined cycle power plant in the Dominican Republic, and the related workout negotiations of the construction financing.
Atlantic LNG. Represented BG Group plc in connection with achieving FID and project completion of the US$1.2 billion development of the fourth train of Atlantic LNG’s facilities in Trinidad.
Gulf LNG Energy. Represented The Royal Bank of Scotland as financial advisor to, and lead arranger for project financing debt for, Gulf LNG Energy, developer of the proposed LNG receiving terminal to be located near Pascagoula, Mississippi.
Baltic Coast LNG. Represented PGNiG, Poland’s state-owned gas company, in connection with Poland’s first LNG receiving terminal on the Baltic Coast, including on feasibility issues and LNG tender and bid documents.
Oman Oil Company. Represented Oman Oil in their acquisition of Oxea Corporation, a global Oxo chemicals manufacturer, from Advent International.
Huntsman Corporation. Represented Huntsman in the acquisition of the global Textile Effects business of Ciba Specialty Chemicals for an aggregate consideration of CHF 332 million.
SEPC Project. Represented the project sponsors (Tasnee Petrochemicals, Sahara Olefins and Basell) in connection with the construction of the SEPC Project, a US$2.6 billion ethane cracker and polyethylene processing facility in Al Jubail Industrial City in the Kingdom of Saudi Arabia.
Metanol de Oriente. Represented IFC, in connection with the co-senior debt financing with JBIC of Metanol de Oriente to acquire, construct and operate a 2,500 MT/day chemical grade methanol production train at the José Antonio Anzoátegui Petrochemical Complex in Venezuela. This transaction was selected as the “Latin America Petrochemicals Deal of the Year” by Project Finance magazine in 2008.
Compañía MEGA. Represented Credit Suisse First Boston and Citicorp as lead arrangers and lenders to the US$675 million MEGA project, a BOO project which consists of a 36MM cmpd natural gas separation plant, an 600km gas liquids pipeline, a natural gas liquids fractionation plant, an ethane cracker and associated facilities in Argentina.
Opet Petrolcülük Marine Terminal. Represented IFC, DEG and FMO, in connection with their joint financing of Opet Petrolcülük to construct a greenfield marine terminal and oil products tank storage facility in Turkey.
Bobcat Gas Storage. Represented The Royal Bank of Scotland in the financing offered in connection with the proposed equity sale of Port Barre Investments, the developer of the Bobcat Gas Storage project to be located in St. Landry Parish, Louisiana.
Nabucco Pipeline. Represented a major utility company in the acquisition of a stake in the Nabucco pipeline project.
Cross Island Pipeline. Negotiated and drafted, on behalf of BG Group, the fully-termed gas transportation agreement for the Cross Island Pipeline in Trinidad, to take gas from the eastern fields to supply the third and fourth train of Atlantic LNG.
South Caucasus Pipeline. Represented the European Bank for Reconstruction and Development, lender to the State Oil Company of Azerbaijan (SOCAR), in connection with the limited recourse financing of SOCAR’s participation in the South Caucasus Pipeline Project, which is being constructed from the Caspian Sea through Azerbaijan and Georgia and into Turkey in order to transport Shah Deniz gas to Turkey.
Ashdod-Dor Subsea Gas Pipeline. Represented Citibank in connection with the OPIC-insured commercial bank financing of a 97 km gas pipeline which extends off Israel’s Mediterranean coast from Ashdod in the south to Dor in the north.
Transierra Gasyrg Pipeline. Advised IFC in connection with its financing of Transierra, owner of the Gasoducto Yacuiba Rio Grande Pipeline, the Bolivian pipeline that will transport natural gas from the San Alberto and San Antonio blocks owned by the shareholders to the Bolivia-Brazil pipeline for ultimate delivery to Petrobras in Brazil.
Russian refinery complex. Represented one of the world’s leading engineering companies on disputes concerning a petrochemical and refinery complex in a republic of the Russian Federation.
Natural gas JV. Advised on a dispute arising out of a large, international joint venture project for the construction of a gas separation plant and pipelines in Thailand, including issues under a long-term gas supply contract, where the liabilities in issue exceeded US$1 billion.
Argentine gas supply. In a seminal case flowing from Argentina’s sovereign default, represented a Chilean natural gas company in an international arbitration pending in New York against an Argentine gas supplier invoking “force majeure” to terminate certain long-term delivery contracts under Argentine law valued at over US$1 billion.
ICC arbitration. Represented Petróleos Mexicanos (PEMEX), the Mexican oil company, in a US$1.4 billion international arbitration (one of the largest arbitrations in Latin America) against a joint venture comprised of Siemens and SK Engineering arising out of an oil and gas project in Mexico.
North Sea gas. Conducted an expert determination on the consideration adjustment necessary in a purchase of the Audrey gas field in the North Sea, where the central question was the interpretation of the term “underlift” in the sale and purchase agreement.
Noam Ayali’s practice focuses on the acquisition, development, financing and operation of energy infrastructure projects. He represents energy companies, project sponsors and developers, as well as multilateral agencies, commercial banks and equity investors, in connection with upstream oil and...
Marissa Alcala’s practice focuses on representing multilateral and bilateral agencies, commercial bank lenders, and project developers in international and domestic project financings, and equity transactions, with an emphasis on renewable and clean energy. Her work in the United States has also...
Kevin Atkins is a corporate energy lawyer whose practice focuses on providing corporate, commercial and transactional advice to multinational clients in the energy sector. He has extensive experience with complex cross-border upstream acquisitions and divestitures and asset level farm-ins and...
Marjorie Glover is the chair of Chadbourne’s executive compensation and employee benefits practice group and of the Firm’s employment law department. Her practice focuses exclusively in the areas of executive compensation and employee benefits law, corporate governance and risk oversight and...
Charez Golvala is a corporate lawyer with a focus on transactions in emerging markets. He has spent most of his career executing complex, cross-border deals for sophisticated, international clients. At Chadbourne, he has led teams on a wide range of matters in Eurasia, the Middle-East, Africa...
Daniel J. Greenwald is the Managing Partner of Chadbourne’s office in Dubai. His practice encompasses joint ventures, project development and construction, acquisitions, investments, contracts, complex dispute resolution, and international arbitration and litigation. He has worked with clients...
Kenneth Hansen’s practice involves representing bilateral, multilateral and commercial lenders as well as project developers in structuring, negotiating and implementing domestic and international project financings, particularly in the energy sector. He leads Chadbourne’s extensive practice in...
David Jiménez advises international and local clients in the areas of project development, project finance, cross-border transactions and mergers & acquisitions. Mr. Jiménez represents project developers, sponsors, lenders and private equity funds in energy and infrastructure project...
Charles Johnson is the head of Chadbourne’s office in São Paulo, Brazil where he has been based since January 2002, having joined Chadbourne in July 2010 from another major global law firm where he was head of their Brazilian banking and finance practice. Mr. Johnson represents financial...
Richard Keenan has significant experience in project finance transactions in the Middle East, Europe, Africa, India and Asia. He advises on all aspects of project financings, including development, operation and financing of projects and his experience in terms of industry sectors includes power...
Derek Kirton's practice focuses on infrastructure and oil and gas transactions in the Middle East, Turkey and Africa. Many of the projects on which he has advised are pathfinder transactions and have been awarded deal of the year by various industry publications.
Derek was seconded to a...
Agnieszka Klich’s practice focuses on international energy and infrastructure projects. She advises on the acquisition, development and financing of such projects throughout the world with a focus on renewables, power and water, oil and gas and mining.
Ms. Klich has advised purchasers,...
Benjamin Koenigsberg, resident in the firm's New York office, concentrates his practice on project development, financings, public-private partnerships, hedge transactions, acquisitions and sales relating to complex LNG, natural gas, pipeline, power, transportation, and other infrastructure...
Clara Krivoy heads the Ibero-America Private Clients practice. Ms. Krivoy provides legal advice and support to individuals, families, family offices and their holdings having interests in Spain, Portugal and Latin America, as they maintain or look to establish a US, multi-jurisdictional or...
Daniel Spencer advises financial institutions and corporations with respect to their Latin American finance and commercial transactions. His practice areas include project finance, structured finance, trade finance, bank finance and general commercial contracts. He has extensive experience in...
Rachel Thorn specializes in international commercial arbitration, international litigation and public international law.
In her more than 15 years working in the industry, Ms. Thorn has successfully represented corporate clients, States and State-owned entities in proceedings conducted...
John Verrill is an English qualified solicitor who works in the London office. His practice centers on domestic and international insolvency work for creditors, debtors and insolvency and restructuring professionals.
Mr. Verrill is also authorized to act as insolvency practitioner by the...
Chaim Wachsberger represents sponsors, equity investors, and financing sources in connection with energy, transportation and other industrial and infrastructure projects in the United States and abroad. Mr. Wachsberger’s work includes acquisitions and divestitures, portfolio financings, and the...
Paul Weber is a project finance attorney who has worked on a broad range of matters related to project financings, acquisitions, dispositions and privatizations, internationally and in the United States. Mr. Weber has represented developers, lenders, private equity funds, equipment suppliers and...
Mr. Robin Chambers AO is the co-founder of Chambers & Company and has been the Senior Partner since its establishment in 1984. He has served as Chadbourne's Special Counsel – China since 2003 and spends approximately half of each year working in China. He was formerly General Counsel of CRA...
Seth Kruglak represents parties in all aspects of federal and state litigations, appeals, international and domestic arbitrations, and government investigations. His experience includes representing plaintiffs and defendants in complex proceedings, conducting internal investigations, enforcing...
Julie Scotto’s practice focuses on project finance and acquisitions in the energy, water, transportation and infrastructure sectors in Europe, the Middle East and Africa.
Christine Brozynski’s practice focuses on the financing and development of energy, transportation, and other industrial and infrastructure projects.
José Carrillo's practice focuses on corporate finance and public finance transactions, including securities regulation and compliance, financial products and structured finance, capital markets transactions, and debt restructuring for private companies and public entities.
Julia Dobtsis represents lenders, equity investors, sponsors, borrowers, and developers in project finance transactions.
Javier Félix provides legal advice and assistance to national and international companies and Mexican government agencies and entities regarding the development of infrastructure projects, including social infrastructure, oil and gas, and power generating projects, among others. Mr. Félix also...
Robert Gambo’s practice focuses on the representation of lenders and developers in the financing of a variety of infrastructure projects, with a focus in renewable energy.
Matt Gurch’s practice focuses on the representation of public and private entities in domestic and international project finance, energy and infrastructure projects.
Christina Hioureas represents States, private entities, and individuals on international disputes and public international law matters. She has particular experience on issues involving the Balkans, the Mediterranean, North Africa, Europe, the Caucuses, the Middle East, the Horn of Africa and...
Tracy Horton’s practice focuses on the representation of public and private entities in domestic and international project finance and energy projects.
Clare Karabarinde represents lenders, equity investors, sponsors, borrowers, and developers in project finance transactions.
David Lamb's practice focuses on the representation of lenders and developers in the financing and development of energy, transportation and other industrial and infrastructure projects.
Alexandra Neovius is a corporate lawyer who advises clients on acquisitions and disposals, joint ventures and other commercial transactions, with a particular focus on the energy and natural resources sector.
Richard Oliver is an associate specialising in project finance and international dispute resolution. Originally from Zimbabwe, Richard holds a law degree from Nottingham University and has several years experience working for leading city law firms. He was admitted as a solicitor in England and...
In her practice, Yadviga Pavlovich's focuses on litigation, arbitration, employment, corporate, and mergers and acquisitions. She has represented clients in both Russian Arbitrazh courts and courts of common jurisdiction in disputes involving, shareholder claims, breach of contract, challenging...
Mr. Perez has extensive experience in corporate, mergers and acquisitions, capital markets and private equity transactions in Spain and Latin America.
* Only Admitted in Spain