Finance

We have an award winning finance practice that advises borrowers and their banks on financing assets and projects in the offshore energy industry. 

Our expertise includes:
 

  • Issuance of documentary and standby letters of credit
     
  • Prepayment financings
     
  • Pre-export financings
     
  • Export credit agency backed financings
     
  • Project financings (of upstream, midstream and downstream assets)
     
  • Multi-lateral, development bank and commercial bank financings

Our experience includes:
 

  • Advised on the security arrangements for the financing of a global supplier of marines services to the offshore energy industry.
     
  • Advised EBRD on project financing of a methanol plant in Azerbaijan.
     
  • Advised IFC on a US$82 million loan to Lukoil to refurbish its Petrotel refinery in Romania.
     
  • Advised a Scandinavian shipping company on project financing of a floating LNG storage and regasification unit to be operated in South-East Asia.
     
  • Advised Cheniere on various trade finance facilities.
     
  • Advised Oro Negro as issuer of the largest high yield bond ever issued in the Norwegian market to refinance the acquisition of five jack-up drilling rigs operated in Mexico. Norwegian Bond Deal of the Year Award, 2015. Marine Money Offshore.
     
  • Advised the buyer on the acquisition of a group of companies and a drillship out of receivership.
     
  • Advised an equity investor on the sale and leaseback of a jack-up drilling rig to be operated offshore Mexico.
     
  • Advised a drilling contractor on its operation and financing of a fleet of semi-submersible drilling rigs.
     
  • Advised lenders on the financing of a mobile offshore production unit and floating storage unit deployed in Western Africa.
     
  • Advised SMBC, the agent bank in a syndicate of six banks/financial institutions including OCBC, CIC, DBS, Société Générale and the financial institution Clifford Capital on secured loan facilities for the purchase of two LNG newbuildings by special purchase vehicles owned by BW Pavilion (a joint venture between BW Maritime and Pavilion Energy). Marine Money Deal of the Year, 2016 - Project Finance East.
     
  • Advised NAB, BNPP and SMTB as lenders’ counsel in connection with three separate facilities for the financing of four LNG carriers to be owned by Korean owners and chartered to an oil major on long-term charters. The loan was structured on a project financing basis.
     
  • Advised MISC as borrower’s counsel on the financing of two LNG carrier newbuilds which were chartered to Petronas.
     
  • Advised financiers on the Islamic lease financing of two LNG carriers.
     
  • Advised DVB on its financing by way of debt plus equity with share buyback arrangements for an offshore accommodation unit for Marine Assets Corporation. The vessel was an innovative design and was ordered on a speculative basis.
     
  • Advised on a joint venture with a Chinese conglomerate for servicing offshore wind farms in China.
     
  • Advised Seacor on its acquisition and financing of 11 vessels from the Pacific Richfield Marine group (which was in receivership).
     
  • Advised banks, owners and potential purchasers on insolvency and insolvency protection situations in respect of owners of offshore support vessels.
     
  • Advised a major offshore accommodation provider on renegotiating its acquisition of a fleet of semi-submersible accommodation units and their financing.

Global reach

From our offices in the UK, China, Dubai, Paris, Singapore and South Korea, we have extensive experience in offshore oil and gas projects and resolving international disputes. 

Romania

Romania

Advised IFC on a US$82 million loan to Lukoil to refurbish its Petrotel refinery in Romania.

Southeast Asia

Southeast Asia

Advised a Scandinavian shipping company on project financing of a floating LNG storage and regasification unit to be operated in South-East Asia.

China

China

Advised owners on the financing of a number of newbuild VLGCs/VLECs/BITUMAN CARRIERs from leading shipyards in China and Korea.

Advised on a joint venture with a Chinese conglomerate for servicing offshore wind farms in China.

Korea

Korea

Advised owners on the financing of a number of newbuild VLGCs/VLECs/BITUMAN CARRIERs from leading shipyards in China and Korea.

Advised NAB, BNPP and SMTB as lenders’ counsel in connection with three separate facilities for the financing of four LNG carriers to be owned by Korean owners and chartered to an oil major on long-term charters. The loan was structured on a project financing basis.

Gulf of Mexico

Gulf of Mexico

Advised Oro Negro as issuer of the largest high yield bond ever issued in the Norwegian market to refinance the acquisition of five jack-up drilling rigs operated in Mexico. Norwegian Bond Deal of the Year Award, 2015. Marine Money Offshore.

Advised an equity investor on the sale and leaseback of a jack-up drilling rig to be operated offshore Mexico.

 

West Africa

West Africa

Advised lenders on the financing of a mobile offshore production unit and floating storage unit deployed in Western Africa.

  • China

    Advised owners on the financing of a number of newbuild VLGCs/VLECs/BITUMAN CARRIERs from leading shipyards in China and Korea.

    Advised on a joint venture with a Chinese conglomerate for servicing offshore wind farms in China.

    Close
  • Gulf of Mexico

    Advised Oro Negro as issuer of the largest high yield bond ever issued in the Norwegian market to refinance the acquisition of five jack-up drilling rigs operated in Mexico. Norwegian Bond Deal of the Year Award, 2015. Marine Money Offshore.

    Advised an equity investor on the sale and leaseback of a jack-up drilling rig to be operated offshore Mexico.

     

    Close
  • Korea

    Advised owners on the financing of a number of newbuild VLGCs/VLECs/BITUMAN CARRIERs from leading shipyards in China and Korea.

    Advised NAB, BNPP and SMTB as lenders’ counsel in connection with three separate facilities for the financing of four LNG carriers to be owned by Korean owners and chartered to an oil major on long-term charters. The loan was structured on a project financing basis.

    Close
  • Romania

    Advised IFC on a US$82 million loan to Lukoil to refurbish its Petrotel refinery in Romania.

    Close
  • Southeast Asia

    Advised a Scandinavian shipping company on project financing of a floating LNG storage and regasification unit to be operated in South-East Asia.

    Close
  • West Africa

    Advised lenders on the financing of a mobile offshore production unit and floating storage unit deployed in Western Africa.

    Close
Contact
Contact

For more information, please contact us on

offshoreenergylaw@shlegal.com