Volatile oil prices and the depletion of traditional hydrocarbon energy sources have made an already competitive industry even more complex. At the same time energy suppliers provide essential public services, and political pressures add another layer of complexity, as governments and regulators seek energy security and demand both price stability and cleaner energy supplies.
In a market that is fast-changing and under pressure from a variety of different directions, you need a firm that is immersed in energy markets and is innovative and agile in driving and achieving your business goals. Dentons gives you that support, with enormous experience across the energy sector and around the world. This includes providing strategic assistance to clients encompassing the entire energy value chain from oil majors, independents, transportation companies, power generators and utilities, financial institutions and large customers. Dentons lawyers work for more than 40 governments on energy-market reform and major project procurement, which adds a depth of perspective rare amongst law firms.
Use Dentons and work with lawyers who understand the energy industry—who see the opportunities within traditional sectors and within new technologies—and who can help shape the business you want. Upstream or downstream, from exploration to marketing, and from generation to retail, Dentons can give you the innovative advice and insight you need globally.
Look to our lawyers for effective solutions across the energy sector including transactions, political services and dispute resolution in:
- Upstream and Downstream Oil and Gas
- Renewables and Unconventional Energy
- Conventional generation
- Transmission and distribution
- Retail electricity and natural gas supply
- Pipeline and Maritime Transportation
- LNG, Oil and Gas Trading
- Energy market reform
- Privatization of Energy Enterprises
More About Energy
- Abu Dhabi National Oil Company: Advising on one of the world’s largest petrochemicals projects: the multibillion-dollar expansion of the Borouge plant at Ruwais in Abu Dhabi. We drew on the combined skills of our energy and technology teams, one of the largest and longest established practices in the Emirate and the Middle East region. Borouge is a joint venture of the Abu Dhabi National Oil Company and Austrian petrochemicals giant Borealis.
- Babcock Dounreay Partnership: Advising a joint venture of Babcock International, URS and CH2M HILL in its bid for the Nuclear Decommissioning Authority’s (NDA) Tier 1 management and operation contract, to operate and decommission the Dounreay nuclear site. Our unrivalled experience in this highly specialized market was employed to cement our client's winning position. This is the third NDA Tier 1 contract to be awarded in the UK’s program of privatizing nuclear decommissioning. Our nuclear team has advised all previous successful bidders in this program, including for the £17 billion Sellafield contract. Our legal support was decisive in establishing a contractual model for completing the decommissioning of the Dounreay facility by 2021, several years earlier than previous forecasts and using innovation in areas such as waste packaging to reduce costs. This experience demonstrates how we can help meet the challenges that will face the nuclear industry as the first generation of reactors are retired.
- BP Canada: Advising on the sale of Natural Gas Liquids (NGL) business to Plains Mainstream Canada ULC, a wholly owned subsidiary, for $1.67 billion. This is the most recent of several billion-dollar-plus transactions where Dentons has partnered with BP. The NGL business owns, operates and has contractual rights to a wide range of assets from both production and distribution functions, from extraction though to wholesale distribution of NGL products across Canada and in the Midwest United States.
- BRE Bank (Commerzbank Group), PKO BP, BZ WBK (Santander Group), BOŚ, BGK, Investkredit, Raiffeisen: Advising a syndicate of seven banks in the financing of the largest wind-farm project in Central and Eastern Europe (CEE), with planned final installed capacity of 250 MW and an aggregate first and second phase value of over PLN 1 billion (approximately €250 million). The deal was very complex because it involved a portfolio of seven different borrowers, which were both power producers and operators of the common power distribution grid. The obligations of all borrowers were cross-defaulted and cross-collaterized within each phase.
- Capital Power: Advising on the completed sale of 9.2 million common shares of Capital Power to EPCOR at an offering price of C$24.40 per common share for aggregate gross proceeds to EPCOR of C$224,480,000. The aggregate offering was comprised of an offering of 8.2 million common shares at C$24.40 per share together with the underwriters’ exercise of an over-allotment option for the sale of an additional one million common shares at C$24.40 per share. The underwriting syndicate for the offering was co-led by CIBC World Markets Inc. and RBC Capital Markets. EPCOR’s wholly owned subsidiaries build, own and operate electrical transmission and distribution networks, water and wastewater treatment facilities, and infrastructure in Canada and the US. EPCOR is headquartered in Edmonton, AB. Capital Power is a growth-oriented North American power producer, also headquartered in Edmonton, AB. The company develops, acquires, operates and optimizes power generation from a variety of energy sources. Capital Power owns more than 3,300 megawatts of power generation capacity at 16 facilities across North America. An additional 487 megawatts of owned wind generation capacity is under construction or in advanced development in British Columbia, Alberta and Ontario.
- Capital Power Income L.P.: Advising on Atlantic Power Corporation’s (Atlantic Power), acquisition of all of the outstanding partnership units of CPILP held by unitholders of Capital Power Income LP (CPILP) other than Capital Power Corporation (CPC) and the acquisition of all of the shares of CPI Investments Inc. (an entity jointly owned by EPCOR Utilities Inc. and CPC) which entity owned approximately 29% of the outstanding units of CPILP, pursuant to a plan of arrangement under the Canada Business Corporations Act. The partnership units were acquired for $19.40 in cash or 1.3 Atlantic Power common shares for a purchase price of approximately $1.1 billion which was satisfied by the payment of $506.5 million of cash and the issuance by Atlantic Power of approximately 31.5 million common shares. In connection with the closing of the acquisition, CPILP sold its two North Carolina biomass plants to CPC for a purchase price of approximately $121 million, certain CPC employees, including those working at the CPILP plants became employees of Atlantic Power and management contracts whereby subsidiaries of CPC provided management services to CPILP were cancelled.
- Council of the City of New Orleans, LA: Serving as lead regulatory counsel for nearly 30 years, we have defeated significant class action litigation against the city of New Orleans, and as part of an interdisciplinary regulatory advisor team have achieved an unprecedented fourth consecutive rate reduction for the city’s ratepayers, and assisted in the massive effort to rebuild the city’s entire electric and natural gas system following the Hurricane Katrina disaster. Our team is currently handling more than 50 matters at the Federal Energy Regulatory Commission, Courts of Appeals and at the retail regulatory level, including the divesture of Entergy Corporation’s entire transmission system and the company’s decision to join the Midwest Independent Transmission System Operator, Inc.
- Multinational natural resources company: Advising on a loan financing facility from Sberbank of Russia, including the review of the facility agreement and a number of issues connected with the guarantees to be provided by two Kazakh entities in support of the loan. The issue of corporate guarantees was complicated by the fact that the two proposed guarantors were recorded as “natural monopolists” in Kazakhstan (though, not in their primary field of activities, but something unrelated) and the legislation imposes burdensome procedures for a large variety of actions of natural monopolists, including, arguably, the issue of guarantees above certain thresholds.
- National Oilwell Varco, Inc.: Advising on a transaction where CE Franklin announced that it had entered into an arrangement agreement with wholly owned NoV subsidiary, NoV Distribution Services ULC (NDS), pursuant to which NDS has agreed to acquire all of the issued and outstanding common shares of CE Franklin for consideration of C$12.75 in cash per common share. The total consideration payable is approximately C$240 million.
- PSE Operator: Advising on the €120 million acquisition of a power interconnection between Poland and Sweden (SwePol Link) by PSE Operator (50 percent) and Svenska Krafnat (50 percent). The facilities consist of converter stations in Sternö (Karlshamn, Sweden) and Slupsk (Poland), as well as a submarine pole cable and return cables. The capacity of the link is 600 megawatts. The interconnection was initially operated by special purpose companies and following acquisition by PSE Operator and Svenska Krafnat became an inter-TSO project improving power grid stability in Poland and Scandinavia.
- Solarwatt AG: Advising one of the leading German manufacturers of high-quality crystalline solar modules as well as a provider of innovative complete photovoltaic packages and energy management systems, on a petition for a protective shield proceeding as a debtor-in-possession, pursuant to section 270b of the German Insolvency Directive.
- Total, SA: Advising on the acquisition of ExxonMobil's downstream assets in 14 African countries (Chad, Djibouti, Eritrea, Ethiopia, Ghana, Guinea (Conakry), Liberia, Malawi, Mauritius, Mozambique, Sierra Leone, Togo, Zambia and Zimbabwe).
- Turkey's first liquefied petroleum-gas distributor: Advising on the negotiation and signing of the Asset Purchase Agreement related to Ipragaz's acquisition of the cylinder and bulk LPG businesses of Shell Gas in Turkey. With this acquisition,the client becomes the second biggest company in LPG sales in Turkey, following Aygaz.
- UK Government, Department of Energy and Climate Change: Advising on the Government's program to commercialize carbon capture and storage (CCS) technology. This is a substantial project of international significance, at the leading edge of the development of this new global industry. The Government seeks to establish a cost-competitive CCS industry in the 2020s through up to £1 billion of capital funding and additional operational support. Our team is working with in-house colleagues on the competitive procurement of projects to develop the capture of CO2 from power generation, its transport offshore and permanent subsea storage. The project includes working with an entirely new regulatory framework. This comprises new legislation, the design and market testing of novel contracts for capital support, working with new contracts for difference under the Government’s wider Energy Market Reform program and the implementation of the European Union CCS Directive.
United StatesJune 10, 2013
United KingdomNovember 2, 2012
The 2013 edition of Chambers USA: America's Leading Lawyers for Business recognizes 32 Dentons practices and 82 lawyers. Recognition for the Firm includes "excellent at representing their clients;" "top-notch firm, very good results with them;" and "always prepared, always accessible, and never fail to deliver." Read more
The Firm’s UK offices have once again impressed in the annual Chambers UK rankings, achieving 69 individual rankings across 50 categories. Of particular note were our new London rankings in Asset Finance and Administrative & Public Law: Public Sector Law & Governance, while Milton Keynes impressed with five Band 1 rankings in categories including Real Estate, Banking & Finance and Construction. Read moreAlmatyApril 11, 2012
The firm's Kazakhstan office has secured excellent ranking in a number of legal directories. The Legal 500 EMEA 2012 ranked us as a Tier 1 foreign firm, while Chambers Global 2012 gave us a top-tier ranking in Energy & Natural Resources. IFLR1000 2013 also recognised the firm, describing SNR Denton as a "a familiar face on Kazakhstan's legal market." Read more
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Renewable EnergyDecember 10, 2013
On 5 December 2013 the Council of the European Union published the Regulations (EC) No 1238/2013 and 1239/2013, imposing the definitive anti-dumping and anti-subsidy measures on imports of solar panels from China, thereby confirming the European Commission’s stance on the case expressed earlier this year. Read moreFinancial InstitutionsDecember 5, 2013
A subsidiary of Spanish conglomerate Abengoa is the latest energy company to seek redress against a European State for withdrawing or modifying feed-in tariffs (FiTs). FiTs were introduced to encourage investment in renewable energy and typically guarantee electricity purchase prices above market rates. However, in response to the challenging economic climate, a number of States have "rolled back" these and other related incentives and benefits, hitting the expected profits of companies operating in this sector. As a result, investors in renewables have brought claims against Spain and the Czech Republic, with proceedings also threatened against Italy. Further actions are likely to follow if other States reduce their FiT or more investors call their host State to task.
In this alert, we summarise the basis of this recent claim, explain the broader trend it illustrates and set out practical tips for companies investing in the energy sector and facing similar issues. Read moreEnergyDecember 2013
Dentons global energy sector leader Clint Vince participated in a roundtable discussion of the challenges facing the energy and utilities sectors around the globe for Financier Worldwide magazine. In the December 2013 issue, Clint covers the impact of major new trends in the sector, with particular attention to the United States. Read more
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News and Events
Mergers and AcquisitionsCalgary, CanadaJanuary 29-30, 2013
Join Dentons partners', George Antonopoulos, Bill Gilliland and Mike Hurst, at Insights's 2014 Advanced Edition - Major Business Agreements conference in Calgary, AB, January 29-30, 2013. Read more
Recent Press Releases
EnergyDecember 17, 2013
Dentons is pleased to announce that Jonathan Nash has joined its Abu Dhabi office as a partner in the energy practice. Jon joins from Vinson & Elkins where he was the managing partner of the firm’s Abu Dhabi office. He has been based in the Middle East since 2007 and has practised in the region since the late 1990s. Read moreEnergyDecember 13, 2013
Dentons Canada LLP congratulates our 18 lawyers named “Canada’s Leading Energy Lawyers” by Lexpert, in their recent special edition on energy appearing in The Globe and Mail's Report on Business magazine. This large contingent is testament to the depth and success of our Energy team across Canada. Read moreEnvironment and Natural ResourcesDecember 9, 2013
Dentons advised the Department of Energy and Climate Change on its funding of a FEED Contract which Energy and Climate Change Secretary Edward Davey announced today is to be awarded to the White Rose CCS project, based at the site of the Drax power station. Read more
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