Richard McNulty
Biography
Overview
Richard is an associate in the Project Development and Finance practice in the Firm's Houston office.
He represents clients in domestic and international transactions and his practice focuses primarily on project development, project finance, joint ventures, and mergers and acquisitions.
Prior to joining White & Case, Richard was an associate in the Houston office of another leading global law firm.
Richard graduated with first class honors in Global Law from Queen Mary, University of London and received three academic awards in the areas of UK and EU copyright law, public international law, and the law of the People's Republic of China. During his time at Queen Mary, Richard spent two years abroad at the University of Texas, School of Law. He later returned to the University of Texas School of Law to complete a LLM in Global Energy Law.
Experience
Representation of Occidental Petroleum Corporation (NYSE: OXY) on the development of STRATOS, the world's largest Direct Air Capture (DAC) facility. Occidental has formed a joint venture with BlackRock Inc., the world's largest asset manager, in connection with the STRATOS project with BlackRock investing US$550 million into the joint venture.
Representation of TC Energy Corporation in connection with a US$2.3 billion senior term loan and revolving loan financing of its Mexican subsidiary, TC Energía Mexicana, S. de R.L. de C.V., and guaranteed by three of its Mexican affiliates.
Representation of TC Energy on planned spin-off of liquids pipelines business to create two independent, investment-grade, publicly-listed companies through the spinoff of TC Energy's Liquids Pipelines business.
Representation of a major energy company in its negotiation of various commercial agreements related to CO2 capture, transportation, and sequestration, including offtake and marketing of related environmental attributes.
Ongoing representation of the Government of the Republic of Trinidad & Tobago on the groundbreaking strategic restructuring and re-licensing of the Atlantic LNG Project, one of the largest and oldest LNG export facilities in the western hemisphere. White & Case is advising the Government and Ministry of Energy on all aspects of drafting, negotiation and structuring, including joint venture arrangements, corporate governance, gas processing, gas transportation and gas sales arrangements, LNG offtake arrangements, operations and maintenance, the licensing and fiscal regime, regulatory issues, budgeting and expenditure processes, ongoing government oversight of the project, and cross-project risk mitigation. The restructuring is the first significant effort by a government worldwide to fundamentally recast the complex web of contracts underlying a mature LNG export project to extend its productive life and encourage further investment.
Representation of Goldman Sachs on the acquisition and development of multiple solar power transactions worth approximately $350 million *
Representation of a renewable energy fund of a major private equity firm in the formation of a joint venture for the development of solar power projects. *
Representation of a client in the development and financing of a world-scale ammonia project in Texas. *
Representation of Jefferson Energy on engineering, procurement and construction of crude oil pipelines in Texas. *
Representation of Blackstone Credit and ClearGen, a Blackstone Credit Portfolio company, in the formation of a strategic partnership between Clear Gen and GreenStruxure, a Schneider Electric and Huck Capital joint venture, to develop, own and operate up to $500 million of renewable energy microgrid systems for C&I customers. *
Representation of Grenadier Energy Partners II LLC in a transaction whereby Surge Energy US Holdings Company, through its subsidiary, signed a purchase and sale agreement to acquire leasehold interests and producing wells from GEP II in Howard County, TX. *
Representation of The Carlyle Group in a strategic growth investment through a $374 million commitment to Amp Solar Group, Inc., a Canadian-based global renewable energy infrastructure developer, owner and manager. *
Representation of the Renewable and Sustainable Energy Fund of The Carlyle Group (RSEF) in the formation of a joint venture with Alchemy Renewable Energy, LLC (ARE), a renewable energy developer and tax equity arranger, together with the purchase of certain operating and development-stage solar projects from ARE. The total consideration of the transaction was approximately $150 million. *
* Experience prior to joining White & Case.
