Global legal practice Norton Rose Fulbright advised PT Perusahaan Listrik Negara (Persero) (PLN) on the financing of its MW184 Arun and MW155 Bangkanai gas fired power plants in Aceh and Central Kalimantan respectively. The facilities are landmark export credit agency (ECA) transactions in South East Asia and are PLN’s first international bank financings that are not guaranteed by the Indonesian Ministry of Finance.

A cross border team from Norton Rose Fulbright advised Baytex Energy Corp. (TSX, NYSE: BTE) on its proposed acquisition of Aurora Oil & Gas Limited (TSX: AEF, ASX: AUT).

Baytex has this morning entered into a scheme implementation deed to acquire 100% of the shares of Aurora for A$4.10 cash per share via scheme of arrangement. Baytex announced at the same time a $1.3 billion bought deal equity capital raising and an increase in its credit facilities.

On February 3, GMX Resources Inc., an oil and gas exploration and production company with assets in North Dakota, Montana, Wyoming and Texas, successfully completed its reorganization and emerged from Chapter 11 protection. GMX filed for Chapter 11 relief in April 2013 in the United States Bankruptcy Court for the Western District of Oklahoma and its plan of reorganization was confirmed on January 22.

Global Law Firm White & Case LLP has advised Saudi Aramco in relation to the structuring, tendering, development and financing of three cogeneration plants in the Eastern Province of the Kingdom of Saudi Arabia.

Dentons advised the electricity and gas provider E.ON Connecting Energies (ECT), a new international unit of E.ON Group, on the acquisition of the Russian company Noginsky Teplovoy Center (NTZ) from AMG Industrial Investment Corporation. NTZ provides heat and energy through a cogeneration plant to the Noginsk Industrial Park, located about 50 kilometers from Moscow. Tenants include leading companies such as the chemical and pharmaceutical group Bayer, the retail chain Metro and the Russian mobile service provider MegaFon.

The Madrid energy team led by Hermenegildo Altozano and Alfonso Bayona and also comprising Alejandro Ruiz-Gallardón (associate Energy and Utilities Madrid) has recently advised Enagás Internacional, S.L. on the acquisition from Hunt Pipeline Company of Perú Ltd. (a joint venture among Hunt Overseas Oil Company and Repsol Exploración Perú, S.A.), for a total amount of USD 491 million.

Burges Salmon has advised the energy storage and clean fuel company, ITM Power plc, an AIM quoted company, on its initiative to raise approximately £10 million by way of a placing of 33,333,333 new ordinary shares at 30 pence per share.

The placing was arranged by Zeus Capital Limited and is on a non pre-emptive basis to existing and new institutional investors. Admission is proposed to occur on 24 February 2014, conditional on shareholder approval at a general meeting to be held on 21 February 2014.

International law firm Ince & Co Singapore LLP represented Oro Negro in its international bond issuance, an offering of US$725 million Notes due 2019. The transaction closed on 24 January 2014. The Bonds are registered and issued in the Norwegian Central Securities Depository (Verdipapirsentralen or VPS) and an application will be made for the Bonds to be listed either on the Irish Stock Exchange or Luxembourg Stock Exchange.
 
The sole arranger was Pareto Securities AS and Pareto Securities Pte. Ltd., an independent investment bank headquartered in Oslo, Norway.

Allen & Overy has advised Xe-Pian Xe-Namnoy Power Company Limited and its sponsors in connection with the USD1.02 billion 410MW Xe-Pian and Xe-Namnoy cross-border hydropower project located in the Lao People’s Democratic Republic. This is the first significant investment by Korean sponsors in this sector.

The project, which achieved financial close on 5 February 2014, is a joint venture between the Lao government and a consortium of private-sector sponsors. It will take approximately five years to complete and is scheduled to start commercial operations in 2019.

Ashurst has advised DUET Group (DUET) and DBP Development Group Pty Ltd (DDG) on the A$178 million formation of a joint venture to build, own and operate a natural gas transmission pipeline.

DUET and TransAlta (through their subsidiaries, DDG and TEC, respectively) formed the joint venture to build, own and operate a natural gas transmission pipeline.  DDG holds a 57% interest, and TEC holds a 43% interest in the joint venture.