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About Nicholas

Nicholas Neuberger is a corporate lawyer with a particular focus on international transactional matters within the energy sector. He has advised on a wide range of cross-border acquisitions in both the public and private sectors, having worked on deals and projects in more than 25 jurisdictions. He has particular experience in the structuring and development of energy projects, including in relation to shareholder arrangements.

His recent engagements include work on one of the first floating LNG projects in the world and the development of a European LNG terminal, as well as advising on Greece’s privatisation of its largest energy group.

Experience

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

German LNG Terminal GmbH — development and operation of the first large-scale LNG import terminal in Germany, to be located near Hamburg

Hellenic Republic Asset Development Fund (HRADF) — Privatisation of the Hellenic Republic’s shares of Hellenic Petroleum SA, Greece’s largest oil refiner with a market capitalisation in excess of €2.33 billion. The transaction is expected to be Greece’s largest privatisation so far.

Delfin LNG — development of the Delfin floating LNG project in the Gulf of Mexico

Anglo Pacific Group Plc — $50.25 million acquisition of a net smelter royalty from Mantos Copper in respect of its copper mine in Chile

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

Impact Oil & Gas Ltd — financing arrangements for the acquisition of an interest by Main Street 1549 Proprietary Limited (a Black Economic Empowerment company) in the Exploration Right for Block 11B/12B (offshore South Africa) and the first exploration well to be drilled on the block, and the associated $35 million equity placing, as lender

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

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, and various other North Sea business matters

Sterling Resources (UK) Ltd — financial restructuring of the group, by way of a rights offering in the Canadian listed parent company followed by a debt-for-equity swap in order to pay down existing Norwegian bond debt and putting in place a new super senior revolving credit facility and intercreditor

Genel Energy plc — business in Kurdistan and elsewhere, including on the development and commercialization of its Miran and Bina Bawi gas discoveries for export to Turkey, the acquisition of OMV’s interest in the Bina Bawi Block, the farm-down of the Chia Surkh block, crude transportation and marketing arrangements

BG Group — acquisition of a 78 percent interest and new country entry into blocks IV and VI, Mongolia

San Leon Energy plc — farm-out of a 60 percent interest in various on-shore oil and gas licenses in Poland to Palomar Natural Resources

Mercuria Energy Group — investment in Andes Energia PLC (now merged into Phoenix Global Resources), an AIM listed company with assets in the Vaca Muerta formation, and a related convertible loan

Fairfield Energy — $150 million investment by private equity firm Riverstone Holdings LLC through a subscription for shares

Publications and Speeches

“Knock -for-Knock Indemnities: Risk Allocation in Offshore Oil and Gas Contracts,” LexisNexis, December 2019.

“United Kingdom: Renewable Energy Laws and Regulations 2021,” International Comparative Legal Guide, September 2020.

Credentials

Education

BPP Law School, UK,
L.P.C.
2007
with distinction
University of Bristol,
B.A.
2001
with honours

Bar Admissions

Solicitor of the Senior Courts of England and Wales

News

Insights

Insights

International Comparative Legal Guides: Renewable Energy 2021

September 25, 2020
ICLG: Renewable Energy 2021

Directive 2009/28/EC of the European Parliament and of the Council of 23 April 2009 (the Renewable Energy Directive) on the promotion of the use of energy from renewable non-fossil sources, namely wind, solar, aerothermal, geothermal, hydrothermal and ocean energy...

LNG Developments Post-COVID-19

June 16, 2020
Bracewell Legal Bites

LNG lockdown lessons: what next for the LNG industry post-COVID?

May 21, 2020
Energy Legal Blog®

The LNG industry was already dealing with more than its fair share of challenges when it was thrown further off course by the “double whammy” of reduced energy demand due to the steep decline...

"Friendly Discussions" Obligation is Enforceable Under English law

July 15, 2014

The English High Court has overruled an arbitrators' decision to hold that a clause requiring "friendly discussions" prior to commencing arbitration is an enforceable condition precedent to arbitration under English law. This judgment is interesting because mere "agreements to negotiate" are generally unenforceable under English law because they are too uncertain to enforce (Walford v Miles [1992] 2 AC 128). This case is especially interesting for the energy sector because it deals with the English law interpretation of escalation or multi-tiered dispute resolution clauses that are common...