Fulbright Advises Sinopec in a Multibillion-Dollar Joint Venture in Several U.S. Shale Plays

Fulbright represented Sinopec International Petroleum Exploration & Production Corporation, a unit of China’s Sinopec Group, in connection with its purchase from an affiliate of Devon Energy Corporation of an undivided 33.3% interest in, and the development of, approximately 1.2 million acres of oil and gas properties located in the Tuscaloosa Marine Shale in Mississippi, the Niobrara in Colorado and Wyoming, the Mississippian in Oklahoma, the Utica Shale in Ohio and the Michigan Basin.

More >>

Tags:  Norton Rose Fulbright | Houston

Bracewell Represents Shell in 1.2 Million-Square-Foot Shell Plaza Lease, Culminating its Restructuring of North American Real Estate Holdings

Bracewell & Giuliani LLP represented Shell Oil Company in the renewal of its corporate headquarters lease for two buildings in downtown Houston. The lease amounts to 1.2 million square feet, including 804,491 square feet at One Shell Plaza (910 Louisiana Street), and 471,934 square feet at Two Shell Plaza (777 Walker Street). The lease starts retroactively on January 1, 2011 and expires in 2025.

More >>

Tags:  Bracewell LLP | Houston

Bracewell & Giuliani Represents Omega Navigation in “Landmark” Chapter 11 Victory

Bracewell & Giuliani LLP is currently serving as Chapter 11 counsel to Athens-based Omega Navigation Enterprises, Inc.  In what industry observers are calling a “landmark victory” after more than 5 months of “bet the company” litigation, the United States Bankruptcy Court for the Southern District of Texas has rejected motions to dismiss or convert Omega’s chapter 11 cases or for relief from stay filed by Omega’s Senior Lenders and supported by Omega’s Junior Lenders and Unsecured Creditors’ Committee.

More >>

Tags:  Bracewell LLP | Houston

Bracewell & Giuliani To Add 14 Public Finance Partners

Bracewell & Giuliani LLP announced today that 14 members of a public finance and related tax and municipal securities practice at Vinson & Elkins LLP will join the firm as partners in January 2012. It is anticipated that other lawyers will join them as counsel and associates. Ben A. Brooks III, W. Glenn Opel and Barron F. Wallace will lead Bracewell’s Texas- and Washington, D.C.-based public finance group.

More >>

Tags:  Bracewell LLP | Houston

Morgan Lewis Advises ConocoPhillips on Sale of Company’s Interest in Seaway Crude Pipeline System as Part of $2 Billion Sale of U.S. Pipeline Assets

ConocoPhillips announced today that it has entered into an agreement with Enbridge Inc. to sell its ownership interest in the Seaway Crude Pipeline System. The transaction is anticipated to close in December, subject to satisfaction of customary conditions and completion of certain arrangements regarding other logistics services currently provided by SCPC to ConocoPhillips.

More >>

Tags:  Morgan, Lewis & Bockius LLP | Houston