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.
Recent Notable Matters
Fotowatio Renewable Ventures — development of utility scale battery storage project, to be constructed and operated by Tesla, which will be one of the largest battery storage plants in the UK when completed
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.