Baker McKenzie Switzerland, in conjunction with legal representatives from London, Madrid, Rome and Riyadh offices of Baker McKenzie, provided counsel to Enagás and Fluxys for the purchase of additional shares in Trans Adriatic Pipeline (“TAP”). Axpo, a former shareholder, agreed to sell its 5% holding to TAP shareholders Fluxys and Enagás. As per the […]
Eni CEO, Claudio Descalzi, and National Oil Corporation of Libya (‘NOC’) CEO, Farhat Bengdara, have come together to launch “Structures A&E,” a major gas development project in Libya. The aim is to boost
Deal & transactions
Oil & Gas
Qatar
QatarEnergy acquires a 30% interest in Lebanese offshore gas fields
QatarEnergy, in partnership with TotalEnergies and Eni, has signed agreements with the Lebanese government to become a stakeholder in two offshore exploration blocks in Lebanon. QatarEnergy will hold a 30% working interest in Blocks 4 and 9,
The Law Firm of Salman M. Al-Sudairi and Latham & Watkins have advised SNB Capital, HSBC Saudi Arabia, Morgan Stanley Saudi Arabia and Citigroup Saudi Arabia as the underwriters of Saudi Aramco Base Oil Company –
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC signs contracts worth AED1bn with four catering companies
Abu Dhabi National Oil Company (“ADNOC”) has signed agreements worth over AED 1 billion (USD270 mln) with four Abu Dhabi companies to provide food catering services to all ADNOC Group companies from 2022 to 2027. The contracts
Legal advisors, Abdulaziz Alajlan & Partners alongside Baker McKenzie, London, have acted for the underwriters on Arabian Drilling Company’s (“Arabian Drilling”) initial public offering at SAR 100 per share on the Saudi Stock Exchange (Tadawul)
Deal & transactions
Oil & Gas
United Arab Emirates
Adnoc Drilling lands $1.53B contract for Adnoc’s offshore expansion
Abu Dhabi National Oil Company (“ADNOC”) has awarded a contract worth USD1.53 billion (AED5.62 billion) to Adnoc Drilling to support the expansion of Adnoc’s offshore operations and crude oil production capacity to five million
Deal & transactions
Oil & Gas
United Arab Emirates
Adnoc Drilling acquires two Premium Jack-Up Rigs for USD140m
Adnoc Drilling Company has signed a Sale and Purchase Agreement (“SPA”) to acquire an additional two premium offshore jack-up drilling units (the “rigs”) for USD140 million to meet Adnoc’s plan to raise and sustain
Deal & transactions
Oil & Gas
Saudi Arabia
United Arab Emirates
TAQA acquires Al Mansoori Petroleum Services. The advisors
Industrialization and Energy Services Company (“TAQA”) and the shareholders of Al Mansoori Petroleum Services LLC (“AMPS”) have announced today that they have entered into a definitive agreement for TAQA to acquire 100% of AMPS, expanding TAQA’
Integrated energy company, Eni has successfully completed the acquisition of BP’s two gas-producing concessions “in Amenas” and “in Salah” jointly operated with Sonatrach and Equinor. This acquisition has an important strategic value
