Recent Work by Industry

Recent work relevant to Energy & Natural Resources   Marathon Oil Corporation     Marathon Oil Corporation     We acted for Marathon Oil Corporation in the sale of its wholly owned subsidiary, Marathon International Petroleum Hibernia Limited, which holds Marathon’s 18.5 percent interest in the Corrib natural gas development offshore Ireland, to Vermilion Energy Trust. The final sale proceeds will range between $235 million and $400 million, subject to the timing of first commercial gas at Corrib. The assets associated with the Corrib development as of year-end 2008 were 98 billion cubic feet of natural gas (16.4 million barrels of oil equivalent).     We acted for Marathon Oil Corporation in the sale of its wholly owned subsidiary, Marathon Oil Ireland Limited, for $180 million to PSE Ireland Limited, a subsidiary of Petroliam Nasional Berhad (Petronas). The assets sold include Marathon's 100pc operated interest in the Kinsale Head Area comprising Kinsale Head, South West Kinsale and the Ballycotton gas fields, as well as an 86.5pc interest in the gas producing Seven Heads field which is tied back to Kinsale. It also includes 100pc interest in the company's gas storage business with current capacity of 7 billion cubic feet.     Date : June 2009 Value : $235m - $400m    Partners :  Valerie Lawlor                      Colm Fanning                      Michael O'Reilly                           Date : April 2009 Value : $180m    Partners :  Valerie Lawlor                      Maureen Dolan                      Michael Ryan                                       Emera Inc. acquisition of stake in OpenHydro Group     Airtricity acquisition of Slieve Divena Wind Farm     We acted for Emera, Inc. on its acquisition of a significant stake in OpenHydro Group Limited.     Advising Airtricity in relation to its acquisition of Slieve Divena Wind Farm     Date : February 2008 Value : €10.2m    Partners :  Valerie Lawlor                           Date : November 2007 Value : €25m-€30m reported    Partners :  Valerie Lawlor                                       Office of Utility Regulator Guernsey     Conning Asset Management     We are advisers to the Office of the Utility Regulator in Guernsey and give specialist regulatory advice in relation to the energy, telecoms and postal sectors     We acted for Conning Asset Management (Europe) Limited in relation to its role as general partner and investment manager of the pioneering Post 2012 Carbon Credit Fund which has €125m to invest in the carbon credits produced by so-called 'post Kyoto' projects.     Date : Ongoing Partners :  Susan O'Halloran                      Rosaleen Byrne                      Patricia Lawless                           Date : Ongoing Partners :  Mark White                      Ambrose Loughlin                                       Supernova Energy BV/Island Oil and Gas plc     Airtricity     Advising Supernova Energy BV in relation to an investment in Island Oil and Gas plc     Advised Airtricity in relation to a specific performance action taken in the Commercial Court arising from involvement in a wind farm project in Northern Portugal     Date : January 2008 Partners :  Valerie Lawlor                      Michael Ryan                           Date : February 2008 Partners :  Grahame Walsh                                       Topaz Energy Group     Topaz Energy Group     Advised Topaz Energy Group, the acquirer of the Shell retail business in Ireland in 2005, on its agreement to acquire Statoil Ireland including advising on the merger control filing and procedure. The deal created the largest oil and motor fuel business in Ireland. The transaction had significant competition law elements     Advised Topaz Energy Group Limited in relation to the sale by its wholly owned subsidiary, Nollofield, of its shareholding in East Cork Oil Company Limited     Date : June 2006 Partners :  Barry Devereux                      Ben Gaffikin                      Damian Collins                      Philip Andrews                      Aidan Lawlor                           Date : November 2006 Partners :  Ben Gaffikin                                       Bord Gais Eireann     Bord Gais Eireann     Advised BGE on the establishment of its distribution and supply business in Northern Ireland, including the regulatory amendments (ofreg licences), financing arrangements and corporate structure     Advised Bord Gáis Éireann on the disposal of its UK distribution business, UGI Limited, to International Energy Group Limited     Date : April 2005 Partners :  Valerie Lawlor                      John Cronin                           Date : July 2005 Value : €8 million    Partners :  Valerie Lawlor                                       Bord Gais Eireann     Coillte Teoranta     Legal advisers to the Irish State gas company, Bord Gais Eireann.     Ongoing advice to the State forestry body in relation to wind farm projects     Date : Ongoing Partners :  John Cronin                      Patricia Lawless                      Valerie Lawlor                           Date : Ongoing Partners :  Guy French                                       Energy Joint Venture     US Private Placement for BGE     Advising on the tax efficient structuring of an energy joint venture.     We advised Bord Gáis Éireann, the Irish state gas company on a significant US private placement transaction.     Date : July 2003 Partners :  Michael Ryan                      Robert Burke                           Date : October 2003 Value : US$400 million & €20 million    Partners :  John Cronin                      Fergus Gillen                                       EirGrid v Commission for Energy Regulation         Advising EirGrid in the context of judicial review proceeding arising out of a challenge to a decision of the Commission for Energy Regulation.           Date : December 2002