Oil, Gas, LNG

Oil, Gas, LNG and Petrochemical

Hunton & Williams LLP has significant experience with upstream, midstream, and downstream oil, gas and LNG projects, and oil refinery and petrochemical facilities. Our projects and energy lawyers advise sponsors and developers, lenders, pipeline companies, gas utilities on matters involving refineries and petrochemical facilities, LNG liquefaction and receiving terminals and ships, the development and financing of gas distribution projects, gas storage facilities, conventional fossil, renewable and nuclear power generation facilities throughout the world. We have advised major petroleum and gas producers on oil and gas litigation matters and on the development and negotiation of joint venture arrangements for offshore oil and gas exploration; governments on regulatory regimes; energy companies on the acquisition of upstream oil and gas interests; and state-owned companies on the midstream distribution, sale and regulatory treatment of natural gas sourced from indigenous fields. The firm also has extensive experience assisting pipeline companies with regulatory, environmental, corporate, and litigation issues. Most recently, the firm represented the Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI), and a group of commercial banks on a $4.369 billion senior secured project debt finance, letter of credit and working capital facilities to finance the construction and operation of Train 1 of a multi-train natural gas liquefaction and export facilities project to be located on Quintana Island near Freeport, Texas. Awarded 2014 “Deal of the Year – Americas” by Project Finance International (PFI), and 2014 “Americas Award for North American Oil & Gas and Global Overall” by Infrastructure Journal and 2015 Global Finance Deal of the Year: Project Finance by The American Lawyer.

Hunton & Williams has represented clients involved in the development of LNG, gas and oil, oil refinery, petrochemical facilities and power projects, and infrastructure projects located throughout the world. This work, in combination with our representation of electric utility companies for more than a century, has given us extensive experience in all facets of project development and financing. Our project finance and development work has included: (1) drafting and negotiation of joint venture, partnership, shareholder, equity contribution and other equity structuring documentation; (2) drafting and negotiation of all project related contracts, including offtake sale and purchase agreements for oil, gas, oil and petroleum products, and power, EPC contracts, joint development agreements, O&M agreements, LNG sale and purchase agreements, time charter parties, pipeline transmission, marine services agreements, and ship building contracts, financing term sheets, common terms agreements, loan facility agreements, mezzanine loan agreements, multi-currency loan agreements, subordinated loan agreements, shareholder and sponsor loan agreements, trust and retention (cash waterfall) agreements, inter-creditor agreements, inter-trustee agreements, project coordination and quiet enjoyment agreements, sponsor support agreements and guarantees, mortgages and security agreements, consent and direct agreements, legal opinions, and (3) government support agreements and guarantees. Our transactional lawyers have extensive experience with the full range of complex commercial and financing documents.

Hunton & Williams also has substantial knowledge in the complex regulatory, financial, and commercial related issues involved in project restructuring and has advised lenders, asset managers and project sponsors in connection with acquisitions and divestitures of distressed generating assets. Our lawyers have broad experience in developing, structuring and restructuring virtually every type of energy and infrastructure project.

Hunton & Williams has extensive experience with all aspects of the development and financing of LNG facilities and natural gas projects. The firm’s lawyers have advised oil and gas multinationals, sponsors, developers, financial institutions and multilateral development lenders in projects and matters involving upstream and offshore gas and oil development and processing, gas liquefaction facilities, LNG sale and purchase arrangements, LNG ship transportation, LNG regasification, downstream gas transportation, distribution and storage, and associated environmental, regulatory, tax, and corporate matters. In addition, firm lawyers have significant experience advising clients on the development of gas facilities and pipelines.