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About Alastair
Alastair Young serves as co-chair of the firm’s oil and gas projects practice group. He is a corporate lawyer who focuses on the energy and natural resources sector. His experience includes UK and international mergers and acquisitions, long-term and high-value contracts, cross-border joint ventures and the development of major energy projects.
Experience
Recent Notable Matters
Eni S.p.A. — sale of a package of onshore oil and gas fields in Egypt to Apex International Energy (a private equity company backed by Bluewater)
Fotowatio Renewable Ventures — development of a 34 MW/ 68 MWh utility scale battery storage project, to be constructed and operated by Tesla in the United Kingdom
SPE Guinea Bissau AB (a wholly owned subsidiary of Svenska Petroleum Exploration AB) — agreement to sell participating interests in the Sinapa and Esperança oil and gas licences, offshore Guinea Bissau, to CNOOC
Apache Corporation — sale of multiple UK North Sea upstream oil and gas assets to Chrysaor Limited
Eni S.p.A. — sale of interests in Egypt’s super-giant Zohr field to Rosneft for $1.125 billion and BP for $375 million
Apache Corporation — disposal of its operated interest in the SAGE System, a major gas pipeline system and gas processing terminal in the UK, to Ancala Partners, and on Apache’s associated long-term gas transportation and processing agreement
Apache Corporation — $800 million sale of its oil and gas business in Argentina to YPF S.A.
Apache Corporation — disposal of its interests in the Scott and Telford oil fields in the UK North Sea to Edison
Apache Corporation — acquisition of Mobil North Sea Limited (holding significant UK North Sea assets) from Exxon Mobil for $1.75 billion
BG Group — in relation to its assets in Brazil
EOG Resources, Inc. — in relation to its assets in Trinidad
Sinopec — acquisition of 49 percent of the shares in Talisman Energy (UK) Limited (holding significant UK North Sea assets) for $1.5 billion
TAQA — establishment of the Bergermeer Gas Storage Project in the Netherlands and its strategic partnership agreement with Gazprom, the supplier of supply cushion gas to the project
San Leon Energy plc — £31 million AIM placing and farm-outs in Poland to Talisman and Palomar Natural Resources
OGX — acquisition of upstream oil and gas assets off-shore Brazil from Maersk
Serica Energy — sale to KrisEnergy of a group of its Dutch BV and Singaporean subsidiaries holding upstream oil and gas assets including the Kutai and East Seruway PSCs in Indonesia
Suncor Energy Inc — €445 million sale of its upstream oil and gas business in the Netherlands to Dana Petroleum plc
Administrators of Oilexco North Sea Limited — $505 million sale of the shares in Oilexco to Premier Oil
BP plc — establishment of its joint venture with Rio Tinto for the development of hydrogen power projects around the world
GDF Suez (now Engie) — acquisition of a gas storage project in the UK
Publications and Speeches
“United Kingdom: Energy – Oil & Gas,” The Legal 500 Country Comparative Guide 2020.
“Use it or Lose it,” Petroleum Review, May 2018.
“Penalty Clauses Redefined by the English Courts,” IFLR, January 2016.
“What Constitutes a Reasonable and Prudent Operator?” International Law Office, November 2015.
“Fracking in Europe - EU Parliament Votes to Require Environmental Impact Assessments for Shale Gas Developments,” Oil & Gas Financial Journal, October 2013.
“Backing Fracking: UK Government Lays Out Shale Gas Incentives,” Oil & Gas Financial Journal, September 2013.