Nick Kendrick advises on energy transactions and projects across the oil and gas, liquefied natural gas (LNG) and power spaces, with a particular focus on upstream oil and gas. He advises on M&A, asset acquisition and divestment, project development, joint ventures, licensing, gas commercialization and project financing across Europe, Africa, the Middle East and Asia.
He also advises clients on midstream and downstream transactions, including transportation and processing arrangements, sale and purchase agreements, master sales agreements, regasification and tolling arrangements, and LNG destination swap transactions.
Nick’s power project development experience includes advising on engineering, procurement and construction (EPC) and operation and maintenance (O&M) contracts, power purchase agreements, project documents and financing aspects for renewable energy projects, with a focus on the Middle East and North Africa.
Recent Notable Matters
Eni S.p.A. — $934 million sale of a participating interest in the Egyptian Shorouk Concession, containing the Zohr gas field, to Mubadala Petroleum
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
Ophir Energy plc — $2 billion floating LNG project offshore Equatorial Guinea, including host government arrangements, LNG sales agreements, chartering agreements, joint venture arrangements, project financing, and construction
Energy and Water Utilities Regulatory Authority of Tanzania (EWURA) — development of natural gas regulations and guidelines for the natural gas industry in Tanzania
GAIL (India) Limited — LNG destination swap transactions
Apache Corporation — sale of multiple UK North Sea upstream oil and gas assets to Chrysaor Limited
FlowStream Commodities Limited — $200 million stream to Cairn Energy
Newfield Exploration — $1 billion divestment of oil and gas assets offshore Malaysia
Sonatrach Gas Marketing — ongoing operations at the Isle of Grain LNG Terminal
Alcazar Energy Partners — acquisition, development and project financing of the 84 MW Al Rajef Wind Project in Jordan being procured pursuant to Jordan’s renewable energy program, which achieved successful financial close in November 2016
Mercuria Energy Group — acquisition of the L&Q Block gas interests from Tullow Oil in the Dutch North Sea
Caracal Energy Inc. — advising on an up to $250 million reserve based financing for the development of its petroleum assets in Chad arranged by Natixis and Société Générale; awarded Middle East and Africa Deal of the Year 2014 by Trade Finance Magazine
Macquarie Bank Limited — provision of a $30 million bridge facility to Bowleven plc
International energy company — opportunity to farm-in to a mega-field offshore Mozambique
Indigenous Nigerian oil and gas company — gas sale and purchase agreements and associated transportation arrangements
Diamond Generating Corporation — 52.5 MW Shams Ma’an Round 1 Solar project in Jordan
China National Petroleum Corporation — development of oil and gas fields and associated cross-border transportation infrastructure in Central/West Africa
LNG buyer — purchase and regasification of LNG at the Klaipeda FSRU in Lithuania
Safari Petroleum — PSC negotiations and development of oil and gas assets in the Comoros Islands
Independent oil and natural gas exploration and production company — divestment of its entire North Sea upstream portfolio
Serica Energy — farm-out of an interest in the Sidi Moussa and Foum Draa blocks offshore Morocco
Publications and Speeches
“Keep Quiet and Carry on Under the EU Trade Secrets Directive,” IP Magazine, September 2016.
“In the Eye of the Storm,” Petroleum Review, January 2016.