The first two decades of the 21st century have introduced both strategic opportunities and significant challenges for the energy sector. Energy players across the world are faced with high levels of uncertainty, notably stemming from energy price volatility and changing geopolitical dynamics.
Lower oil prices are causing challenges for producers and resource holding governments but providing opportunities for investments in new downstream markets, including emerging economies. An increased awareness of social responsibility has led to an increase in government funding for renewable projects and finding ways to access financing through green bonds. Continued need and demand for power generation, and corresponding transmission, generally continues to drive new growth in the power sector in many markets throughout the world.
We partner with our clients to provide cutting-edge advice across the globe and the energy spectrum — nuclear and sustainable energies, oil & gas, petrochemicals and power. What sets us apart is our commercial, solution-driven approach. From our long and deep experience of many markets and jurisdictions, we understand what our clients need, and we deploy the right people irrespective of where they are located to ensure their needs are met.
Project Development & Finance
Mergers & Acquisitions
Joint Ventures and Commercial Transactions
Government Nuclear Program Development
Nuclear Export Controls
Nuclear Technology, Regulatory and Licensing
The oil and gas industry continues to consolidate and find new ways to operate in today's challenging oil price environment. Located in key markets worldwide, we apply our broad industry knowledge to assist in all aspects of the oil and gas value chain (upstream, midstream and downstream). We advise and represent governments, national and international oil companies, trading houses, financiers and institutional investors on some of the world's largest oil and gas matters.
Our cross-disciplinary team offers bespoke skills that are critical for all oil and gas industry players. Our transactional lawyers advise clients on projects and transactions through all stages of the oil and gas value chain. Our international arbitration and litigation lawyers advise and appear as counsel in international arbitrations and litigation matters on a broad range of disputes, including on stabilization clauses, taxation, price review, contract cancellation, production-sharing agreements, concession agreements, force majeure, or anti-trust.
As a consequence of the growth in world population, increased standards of living and wealth, as well as related surge in consumption, global demand for power has been rising at a spectacular pace.
Our clients turn to us as we have advised on some of the most complex and ground-breaking power projects, transactions and disputes. We are a trusted advisor to our power industry clients, including developers, public utilities (investor-owned and government-run), contractors, equipment suppliers, private equity and other funds, institutional investors, commercial lenders, export credit agencies, development financial institutions and other financial institutions.
What sets us apart is our commercial, solution-driven approach. From our long and deep experience of many markets and jurisdictions, we understand what our clients need, and we deploy the right people irrespective of where they are located to ensure their needs are met.
Clients in the nuclear energy sector demand the support that our Global Nuclear Group is uniquely placed to provide – genuine knowledge of the nuclear industry and nuclear law, deep understanding of the associated political, technical and legal challenges of nuclear technology, and the vision that only nuclear lawyers who are leaders of this sector can bring.
Shearman & Sterling’s full service nuclear practice advises clients on the most significant, complicated and first-of-a-kind projects, transactions and international arbitrations in the global nuclear sector. We bring innovative, practical, bankable and deal-making solutions to the construction and financing of new nuclear projects and fuel contracts.
Our dedicated nuclear lawyers, who are recognized industry experts by the International Atomic Energy Agency and the World Nuclear Association, are located across the world, providing the geographic reach reflective of the nuclear energy sector and our client base.
Governments and energy companies are increasingly looking to renewable energy technologies (solar, wind, hydropower, geothermal, biomass) to reduce reliance on fossil fuels and improve their carbon footprint.
We work with a range of clients such as governments, developers, private equity and other funds, financiers, operators and institutional investors on their investments and disputes in this sector. We are also thought leaders on key developments in the industry — such as green bonds, feed-in tariffs, environmental regulation and investment treaty arbitration.
Our dedicated Renewable Energy Group brings together market-leading resources from across the firm — Project Development & Finance, Real Estate, Environmental, Investment Funds, Capital Markets, Mergers & Acquisitions, Tax, Litigation and International Arbitration — leveraging knowledge and experience from across a wide breadth of renewable resource sectors.