Energy

  • April 24, 2015

    HSBC, Deutsche, Barclays Led Antitrust Targets In 2014

    Suits over benchmark and commodity rate manipulation continued to dominate the antitrust world in 2014, making HSBC and Deutsche Bank AG the most frequently named antitrust defendants in the U.S. last year. But on the banks' heels were other financial institutions, a smattering of pharmaceutical companies and a pair of propane gas companies.

  • April 24, 2015

    Tall Oak Hits $850M In Financing With New EnCap Injection

    Tall Oak Midstream LLC said Thursday it is launching its second midstream company — again teaming up with private equity firm EnCap Flatrock Midstream, which put in an initial $300 million equity commitment — bringing the total financing for Tall Oak's two midstream companies to $850 million. 

  • April 24, 2015

    Quake Links Turn Up Legal, Regulatory Heat On Drillers

    Studies released this week by federal and state geologists linking oil and gas drilling to an increase in earthquakes will provide more ammunition for plaintiffs in lawsuits over wastewater injection wells cited as the likely culprit and for regulators to impose tighter restrictions on those wells, experts say.

  • April 24, 2015

    Chesapeake Energy Paying $25M To End Bid-Rigging Charges

    Chesapeake Energy Corp. will pay $25 million to settle allegations that it conspired to rig bids for publicly held Michigan oil and gas leases, state officials said Friday, while federal authorities are investigating Chesapeake’s ex-CEO for possible antitrust violations.

  • April 24, 2015

    Texas Officials May Nix Oil Well Permits Over Quake Fears

    Texas’ energy regulator on Friday warned well operators including an ExxonMobil Corp. subsidiary that it may cancel the injection permits for the operators’ wells near the city of Azle due to their alleged connection to seismic activity in the area.

  • April 24, 2015

    PREPA Creditors Fed Up With Restructuring Tug-Of-War

    After months of radio silence, the Puerto Rico Electric Power Authority’s wrangling with well-heeled hedge funds spilled into an unusual public war of words that underscores creditor impatience with restructuring negotiations unfolding outside of a binding legal framework.

  • April 24, 2015

    BP Sells North Sea Pipeline Stake In $492M Deal

    BP PLC will sell its share of a North Sea natural gas pipeline to the line’s majority owner for £324 million ($492 million), the company announced on Thursday, in a move aimed at ensuring the infrastructure’s longevity.

  • April 24, 2015

    Toxic Tort Claims Over Fracking Create IP Discovery Risk

    A recent Pennsylvania ruling finding that trade secrets, including the makeup of hydraulic fracturing fluids, should be handed over in discovery in a toxic tort case against Range Resources Corp. is likely just the beginning of attempts by plaintiffs to win access to proprietary information, experts say.

  • April 24, 2015

    Calif. Tribe Installs Renewable Hybrid Energy System

    A California Native American tribe is installing a first-of-its-kind 35 kW multi-renewable energy microgrid utilizing wind energy, solar energy and an advanced energy storage system in Loleta, California, JLM Energy Inc said Friday.

  • April 24, 2015

    Vinson Set To Lead Week’s IPO Activity With 2 MLP Debuts

    Two master limited partnerships guided by Vinson & Elkins LLP are on deck to go public during the final week of April, breaking the slump in energy initial public offerings seen this year, while two more life sciences companies also plan to enter the market.

  • April 24, 2015

    Judge Keeps Breach Of Contract Claims Against Ambit Alive

    A Pennsylvania federal judge has denied Ambit Energy Northeast LLC's motion for summary judgment in a proposed class action lawsuit claiming the company breached its contract with customers by promising low electricity rates before soon doubling the charges.

  • April 24, 2015

    Canada Regulators Order Oil-Carrying Trains To Slow Down

    Canada transportation regulators on Thursday lowered the speed limit on trains carrying crude oil and other hazardous materials through highly urbanized areas, mirroring actions taken by the U.S. Department of Transportation last week.

  • April 24, 2015

    Range Can't Revive Defamation Claims Against Anti-Frackers

    Range Resources Corp. can't pursue defamation claims against a Texas couple who claimed fracking contaminated their water well with methane, the Texas Supreme Court said Friday, handing a victory to environmental groups and clarifying the state's anti-SLAPP law.

  • April 24, 2015

    Blankenship Judge's Law Clerk Quarantined From Suit

    A law clerk allegedly friendly to mine workers' rights has been quarantined from the trial in which former coal magnate Don Blankenship is accused of mandating mine-safety obstructions that killed 29 Massey Coal Co. employees.

  • April 24, 2015

    Pulling Up Stakes: Paul Hastings, King & Spalding

    In this week's roundup of deal makers on the move, Paul Hastings LLP snagged a pair of private equity and mergers and acquisitions pros in Hong Kong, while both King & Spalding LLP and Baker & McKenzie LLP beefed up their Singapore offices with an energy and project finance whiz and an M&A pro, respectively.

  • April 24, 2015

    Fla. Senate Passes Term Limits For Utility Regulator

    The Florida Senate on Friday unanimously backed a bill that would impose term limits on members of the state's utility regulator, the Public Service Commission, and would expand public access to PSC meetings.

  • April 24, 2015

    Houston Am., SEC Settle Over Colombia Oil Project 'Fiction'

    Houston American Energy Corp. and its former head have settled with the U.S. Securities and Exchange Commission in cease-and-desist proceedings over allegations the oil explorer and producer overstated the value of a Colombian oil field by billions of dollars.

  • April 24, 2015

    EFH Unsecured Creditors Demand Oncor Bid Access

    Unsecured creditors to Energy Future Holdings Corp. moved Thursday to force the disclosure of bids for the bankrupt power giant’s treasured stake in nondebtor Oncor Electric Delivery Co. LLC, citing an “information asymmetry” they say undercuts their negotiating position.

  • April 24, 2015

    Sempra Picks Up 78MW Wind Project From Geronimo

    Sempra U.S. Gas & Power LLC said Thursday it has acquired a 78-megawatt wind project in central Minnesota from Geronimo Energy LLC for an undisclosed amount.

  • April 24, 2015

    Calif. Landowners Sue Union Pacific Over ‘Illegal’ Land Use

    A proposed class of California landowners on Thursday alleged Union Pacific Railroad Co. has improperly used the subsurface of its railroad right-of-way to grant “illegal and unauthorized” easements and collect rents from pipeline companies, trespassing and violating their land ownership for decades.

Expert Analysis

  • To Self-Report To FERC, Or Not To, That Is The Question

    Claire L. Hall

    How should a natural gas company respond to a Federal Energy Regulatory Commission audit commencement letter? Should such a company consider self-reporting when it uncovers possible violations of its regulatory obligations? The answer depends on the facts, say attorneys at DLA Piper LLP.

  • CERCLA 'Arranger Liability' Continues To Elude Clarity

    Meline G. MacCurdy

    Since the U.S. Supreme Court’s decision in Burlington Northern & Santa Fe Railway Co. v. U.S., courts still struggle with the distinction between parties that bear liability as “arrangers” and parties that instead sell “useful products,” the most recent being the Fourth Circuit in Consolidation Coal Co. v. Georgia Power Co., says Meline MacCurdy of Marten Law PLLC.

  • A New Tool For Extraterritorial Sanctions Enforcement

    Christopher LaVigne

    Recent sanctions enforcement actions have focused on overseas financial institutions and U.S. dollar clearing and associated “stripping.” The Schlumberger Oilfield Holdings Ltd. case, however, reflects a break from this trend. Relying on a theory of “facilitation,” the U.S. Department of Justice dramatically expanded the scope of prior criminal enforcement actions in this arena, say Christopher LaVigne and Danforth Newcomb of Shear... (continued)

  • 9th Circ. Deepens Split Over Complex CERCLA Sites

    Michael D. Daneker

    The Ninth Circuit's holding in AmeriPride Services Inc. v. Texas Eastern Overseas Inc. deepens an unresolved circuit split and increases uncertainty regarding the legal effect of settlement with fewer than all responsible parties at complex Comprehensive Environmental Response, Compensation, and Liability Act sites, say Michael Daneker and Lauren Daniel of Arnold & Porter LLP.

  • Scope Of Calif.'s Mello-Roos Now Includes Eminent Domain

    Bradford B. Kuhn

    Those of us living in California's newer neighborhoods are familiar with Mello-Roos — it shows up on our annual tax bills as a way to pay off bonds issued to finance various public improvements. Now a state appellate court ruling has potentially opened the door to use Mello-Roos financing for a variety of purposes — including the takeover of any private utility service, say Bradford Kuhn and Rick Rayl of Nossaman LLP.

  • OPINION: The New, New Thing — Hydrogen Fuel Cell Vehicles

    Senator Byron Dorgan

    There have been many breathtaking changes in automobiles in recent years. But the introduction of new hydrogen fuel cell vehicles is a major milestone. This is a car with twice the power to the wheel per unit of energy and it emits only water vapor out of the tailpipe. That sounds like disruptive change to me, says Sen. Byron Dorgan, senior policy adviser at Arent Fox LLP and former senior member of the U.S. Senate Energy Committee.

  • How EU Competition Regulators Assess Oil And Gas M&A

    Juan Rodriguez

    The proposed acquisition of BG Group by Royal Dutch Shell highlights the importance of a thoughtful analysis of the impact of European competition law when considering a combination in the oil and gas industry. As a result of its extensive experience in the sector, the European Commission has developed a clear, detailed analytical framework to assess the competitive effects of such combinations, says Juan Rodriguez of Sullivan & Cromwell LLP.

  • How To Prepare A Successful L-1 Visa Petition

    Amanda Franklin

    For a long time, the L-1 Intracompany Transferee visa category was fertile ground for multinational companies who needed to efficiently transfer executives, managers and specialized knowledge workers to their U.S. operations. The current L-1 landscape looks a bit like scorched earth, says Amanda Franklin of Moore & Van Allen PLLC.

  • 10 Topics For Corporate Counsel To Consider On Coal Ash

    Kirsten L. Nathanson

    The U.S. Environmental Protection Agency's regulations on the disposal of coal combustion residuals are the first of their kind under the Resource Conservation and Recovery Act's Subtitle D enforcement structure, which grants enforcement authority to states and citizens rather than to the EPA, say attorneys at Crowell & Moring LLP.

  • Understanding Mozambique’s New Oil And Gas Regime

    Paulo Rage

    Mozambique recently enacted a new hydrocarbons law, which aims to provide legal stability for international investors seeking to develop the country’s recently proven reserves of 200 trillion cubic feet of natural gas. Mayer Brown LLP’s Paulo Rage outlines the new law and the country’s hydrocarbons tax law, which together determine the general rules for all oil and gas operations.