Baker Botts has substantial experience counseling joint ventures and investors in joint ventures. Our Joint Venture lawyers work closely with consortium members or venturers and their in-house counsel, or with an individual investor in the project, to identify their business, tax, financing, governance and other objectives; to evaluate these objectives; and to develop appropriate structures and approaches. Thereafter, we often stay involved during the implementation phase, as client or venture needs require.
The significant capital costs and high commercial risks associated with the energy industry frequently create the need for complicated and innovative joint venture structures to achieve economies of scale, to allocate risks to the investor with the necessary expertise to best bear those risks and to access market opportunities sufficient to support sizable capital investments, including joint ventures involving oil and gas exploration and development, pipeline, LNG, hydrogen, power and renewable energy projects. As such, we have structured, negotiated and documented many multi-billion dollar joint venture arrangements in many sectors of the energy industry. Our lawyers also have extensive experience in the petrochemicals and petroleum products sector, where industry participants frequently act through joint ventures.
In addition to the energy sector, we have deep joint venture experience spanning other industries, including telecommunications (cable, telephony, satellite services and the Internet), pharmaceuticals and healthcare, entertainment and sports, real estate, information technology, computer technology, software development, advertising, transportation and mining.
Joint Venture Arrangements
Macquarie Capital and AWECT
Liberty Latin America, Ltd. - Formation of a 50:50 Joint Venture with América Móvil S.A.B. de C.V.
FUJIFILM Cellular Dynamics, Inc. - Strategic Research and Development Alliance and Licensing Transaction
Rosneft Oil Company PAO - Sale of a Stake in Vostok Oil to Trafigura
Rimrock Energy Partners, LLC - Joint Venture to Develop a Natural Gas Gathering & Processing Facility
Matador Resources - Formation of San Mateo Midstream II, LLC
Era Group Inc. - $40 Million Sale of Dart Holding Company Ltd. Joint Venture
Toyota Motor North America, Inc. - FCEV Development
EQT Midstream Partners, LP - Addition of Joint Venture Partner for MVP Southgate Lateral
PAO Novatek - 10% Sale in Arctic LNG 2 to Total
AES - Joint Venture with Siemens to Create Fluence
AES Corporation - Joint Venture with Siemens AG
Establishment of Joint Venture Entity for Purposes of Exploring Oil and Gas Opportunities in Mexico.
The Carlyle Group - Hilcorp Joint Venture
DIRECTV Sports Networks - Joint Venture with Seattle Mariners
Marine Well Containment Company - Crude Oil Tankers
Shipbuilding Company - Joint Venture with Wind Developer
DeWind SWI - Texas Wind Farms Joint Venture
With NCAA Ruling, Supreme Court Opens the Door to Significant Judicial Oversight of Joint Ventures and Standard-Setting ActivitiesClient Updates
SubOptic Spotlight Navigating COVID-19 The Subsea Legal and Regulatory ChallengesWebinar
UK Government Future Fund for Innovation CompaniesClient Updates
European Union: Joint VenturesExternal Article
GCR Insight Europe, Middle East and Africa Antitrust Review 2020
Baker Botts Energy Lawyer School
Sanctions and the Energy Sector Risks and Compliance Strategies
Baker Botts Oil & Gas Lawyer School
Baker Botts’ Energy Practice will be hosting its third Oil and Gas Lawyer School in London on Thursday, 21 March, 2019.