The January cold snap might not have hit home quite yet but radiators are certainly cranked up to the max and the energy market is following suit.
Dentons kicked off the activity in January with a major shale gas deal when energy giant Total became the first major oil company to invest in the shale sector.
The controversial deal saw Total take a 40 per cent share in shale gas exploration and drilling in the East Midlands – causing a ruckus with campaigners across the UK, but handing a chunky mandate to Dentons’ energy partners.
Fracking is the hot new topic in the energy world, having caused an energy boom in the US. The UK Government has opened up two-thirds of Britain’s land for fracking companies and the controversy looks far from over.
Also on the energy bandwagon is Mayer Brown, which advised on the $1.2bn restructuring and $133m sale of ATP Oil & Gas to Alpha Petroleum.
After advising its parent company on US bankruptcy proceedings, Mayer Brown partners powered through a tricky deal for ATP Oil & Gas in the UK.
Herbert Smith Freehills also warmed their hands in front of that fire, taking up Alpha’s side of the deal along with Debevoise & Plimpton and Scottish firm Stronachs.
The energy market is certainly hotting up and few firms will want to be left out in the cold.