M&A at Hogan Lovells

Energy and
Natural Resources

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Volatile oil and gas prices, spurred by global trade tensions and the prospect of supply disruptions, led to a decrease in the overall volume of energy and natural resources deal activity in 2019. Despite these headwinds, mega deals helped to propel the sector to second overall by value, bolstered by Occidental’s mega acquisition of Anadarko, the fourth-largest oil and gas deal in history.

As companies worldwide transition to lower-carbon systems driven by social, environmental, and regulatory pressures, clean energy and renewables remained popular targets for dealmakers, particularly in power generation, and the hybrid and electric vehicle and energy storage spaces.

Our Energy and Natural Resources sector group kicked off 2019 with our flagship energy program, the Hogan Lovells Global Energy Summit, held for the first time in Singapore. Influential energy executives gathered to discuss energy investment trends and the future of renewables and LNG in Asia.

Our team authored articles and spoke on topics including gas-to-power and sustainable mining, financing strategies, and the impact of nationalism on the sector. We also joined our Automotive and Mobility sector team to roll out a cross-sector campaign focused on the electrification of vehicles, grid, and charging infrastructure.

470+

Energy and Natural Resources lawyers

Tier 1

Energy Transactions 
Legal 500 Germany, 2019

In 2019, Hogan Lovells advised on the following
Energy and Natural Resources transactions, among others:

BPGIC

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BPGIC

We advised Brooge Petroleum and Gas Investment Company (BPGIC), an oil storage and services business serving the Port of Fujairah in the UAE, on its US$1bn reverse merger with Twelve Seas Investment Company. The merger provides BPGIC the opportunity to enter the U.S. capital markets and access investors who invest in similar companies in the growing UAE oil and gas infrastructure sector. Our Dubai team led this deal, with support from our finance practice.

Uniper

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Uniper

We advised Uniper, a leading international energy company, on the sale of its stake in OLT Offshore LNG Toscana, a floating storage and regasification unit off the Tuscan coast. Uniper is active in developing LNG infrastructure in Europe and in procuring and trading LNG worldwide. Lawyers in our Milan and Rome offices led this transaction, with support from our antitrust and commercial practices.

Vinccler

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Vinccler

We advised Vinccler, an international engineering and construction company, on the sale of a 30 percent stake in Wayra Energy, an upstream oil and gas company, to Elecnor, a Spanish renewable energy, infrastructure, development, and construction business. Vinccler and Elecnor will jointly carry out projects awarded to Wayra Energy by the Ecuadorian government through contracts with the Ecuadorian state-owned company Petroamazonas. The proceeds will be used to finance the drilling or reactivation of 52 wells located in three different oil fields. A team of lawyers in our Madrid office led this transaction, with support from our tax practice.

WSP Global

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WSP Global

We advised WSP Global, a leading global professional services firm providing engineering, design, and strategic advisory services, on its acquisition of Ecology and Environment, a Nasdaq-listed environmental consulting firm. Ecology and Environment has built experience in sectors and services that WSP had targeted for growth, including environmental impact assessment, emergency planning and management, and site restoration. Lawyers in our New York and Washington, D.C. offices led this transaction, with support from our antitrust, employee benefits, environment, finance, government contracts, international trade, and litigation practices.

The Hogan Lovells energy and natural resources practice is strongly grounded in transactional work with particular strength in the renewable energy space.

Legal 500 Germany, 2019

Energy & Natural Resources market statistics as published in Hogan Lovells Deal Dynamics

9%

9%

Decrease in global deal volume
(2019 vs. 2018)

27%

27%

Decrease in global deal value
(2019 vs. 2018)

2nd

2nd

Sector by global deal value
(2019)

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