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.
- EDF EN Canada Inc.: Advising on the sale to Enbridge Inc. of a 50 percent undivided interest in the 300 MW Lac Alfred wind project. The project, which will entail investments of approximately $700 million by both co-owners, is located 400 kilometers north east of Québec City in Québec’s Bas-Saint-Laurent region and will consist of 150 wind turbines supplied by REpower Systems SE. EDF EN Canada Development Inc. will lead and manage the construction phase under a fixed price, turnkey engineering, procurement and construction (EPC) agreement. EDF EN Canada Inc.’s operation and maintenance affiliate, enXco Service Canada Inc., will provide long-term operations and maintenance (O&M) services to the project. Hydro-Québec will buy the power under a 20-year power purchase agreement (PPA) and construct the 30 km transmission line to connect the project to the grid under an interconnection agreement.
- 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.
July 13, 2014
April 11, 2014
Who’s Who Legal ranks Dentons as number #1 in Energy, with more than 30 lawyer listings from 13 of our offices across North America, Europe and Asia. We are proud to lead this ranking given Who’s Who Legal singled out 635 practitioners from 283 firms who are considered leading experts in energy law. Nominees are selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Read more
June 10, 2013
Lexology has announced that six Dentons partners, from the firm’s Canada, Europe, UKMEA and US regions, are recipients of 2014 Client Choice Awards. Read more
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
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January 22, 2015
December 19, 2014
Welcome to the Dentons' Climate Change Newsletter. Combining our regional practices from around the world, we intend in upcoming newsletters to provide short articles from several of our offices to present an overview of current developments globally in the climate change space. Please do not hesitate to reach out to any of these authors, to any member of the Environment and Natural Resources practice or to our Energy group for information on these or other topics of interest. Read more
On December 17, 2014, President Barack Obama announced major changes in US policy with respect to Cuba, unveiling the most substantial steps toward diplomatic and trade normalization since the US severed relations and imposed a full trade embargo in 1961. Read more
The South African government has indicated that it intends to move away from bilateral investment treaties (BITs), and to protect foreign investors by means of national legislation instead. In line with this, the government has terminated a number of BITs (including those with Germany, Belgium, Netherlands, Switzerland, Spain and Luxembourg), and published the Promotion and Protection of Investment Bill (the Bill) for public comment on 29 October 2013. In this energy update we compare investor protection under BITs to the investor protection in terms of the Bill. It must be noted that the Bill is still in draft form, and may undergo substantial changes after the consideration of public comments. Read more
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News and Events
Recent Press Releases
January 19, 2015
December 1, 2014
Dentons has been shortlisted for several awards at The Lawyer European Awards 2015, including Law Firm of the Year, Banking & Finance and Energy, Projects and Infrastructure ‘deal of the year’ awards. Read more
November 17, 2014
A survey of mining industry CEOs and financiers conducted by Dentons and Mines and Money London 2014, the major mining industry conference, reveals where industry dealmakers expect projects to flourish and which funding avenues are expected to support them.
Dentons Kyiv/New York Partner, Myron Rabij, spoke on Ukrainian legislative trends and business environment at the international forum “Invest in Ukraine”, which was held on 12 November in New York. Read more
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