find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Real Estate & Projects Lawyer (6+ years PAE)
Category: Property Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Top tier firm with offices nationally · High profile clients
View details
Shell invests in Aussie coal seam gas sector

Shell invests in Aussie coal seam gas sector

Shell has completed its first investment in the Australian c

Shell has completed its first investment in the Australian coal seam gas sector. The groundbreaking deal establishes a joint venture arrangement between Shell and Arrow for the exploration and development of coal seam gas assets in Australia and overseas.

As part of the agreement, Shell will acquire 30 per cent of Arrow's Australian upstream tenements, and 10 per cent of Arrow's international operations for a total of about US$700 million (AU $1.1 billion).

The transaction has generated work for a number of law firms. Allens Arthur Robinson acted as the primary advisor for Shell, while Mallesons Stephen Jaques advised Arrow on the transaction generally. HopgoodGanim lawyers advised Arrow on operational aspects associated with the transaction, including Arrow's joint venture arrangements with AGL.

HopgoodGanim and Freehills advised Arrow and AGL respectively in relation to the agreement to sell a 30 per cent interest in the joint venture arrangements to Shell. TSMP Law Corporation acted as an agent for Allens, providing advice on Singapore law to Shell.

Brisbane-based Partners Chelsey Evans and Andrew Knox led the Allens teams from Australia and Asia on the deal, advising Shell on all aspects of the transaction, including due diligence and international law issues.

"Allens was very pleased to advise longstanding client Shell in connection with its first investment in the Australian coal seam gas sector - working with their team based in Australia, The Netherlands, Singapore and the USA," Evans said.

According to Evans, the resource and energy sector is bucking the downward trend in M&A activity, and will continue to do so for the foreseeable future;

"Over the last 12 months there has been an unprecedented level of investment and M&A activity in this sector and there is no sign of that activity stopping anytime soon," he said.

- Laura MacIntyre


Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Shell invests in Aussie coal seam gas sector
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
Applauds
Aug 21 2017
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...