Shearman & Sterling advised Intercontinental Exchange, Inc (ICE) on its partnership with Abu Dhabi National Oil Company (ADNOC) and nine of the world’s largest energy traders on the launch of ICE Futures Abu Dhabi, a new exchange in Abu Dhabi Global Market that will host the world’s first Murban crude oil futures contracts. The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.
ICE is a Fortune 500 company formed in 2000 to modernize markets. ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. As the parent company of the New York Stock Exchange, the company is the premier venue for raising capital in the world, driving economic growth and transforming markets.
The Shearman & Sterling team below was supported by consultant Mark Adams (New York-Real Estate).