Midstream services firm Extreme Plastics Plus Inc. received approval on Thursday in Delaware bankruptcy court for procedures on receiving bids for a Chapter 11 sale of its assets, including a $16.5 million stalking horse offer.
The Court of Appeal of the Yukon granted an expedited hearing in the InterOil Corp. shareholder dispute over Exxon Mobil Corp.’s $2.5 billion purchase of the Singaporean oil and gas company, meaning it will hear the shareholder’s appeal at the end of October.
An Eastern Shoshone Tribe leader claimed in a letter Wednesday that a Montana federal judge "dealt a heavy blow" to the Northern Arapaho Tribe when blocking the Bureau of Indian Affairs from entering into contracts funding government services for the tribes, which share a Wyoming reservation, without getting approval from both.
Public Service Enterprise Group Inc. said Thursday it has brought on Larry Gasteiger, chief of staff for the Federal Energy Regulatory Commission, to fill a new post at the New Jersey-based energy distributor as chief of federal regulatory policy.
The U.S. Department of the Interior on Thursday announced that a resource management planning endeavor near Farmington, New Mexico, will now include tribal lands to help allay concerns about oil and gas development activity around Chaco Culture National Historical Park.
Derivatives traders accusing two Royal Dutch Shell PLC affiliates of manipulating the price of crude oil and crude oil futures told a New York federal judge on Wednesday that a recent ruling dismissing aluminum market manipulation claims has no effect on their case.
The Federal Energy Regulatory Commission on Wednesday gave its blessing for energy-focused investment firm Riverstone to acquire Talen Energy, the PPL Corp. power generation spinoff it helped to form last year, for $5.2 billion, including debt.
A Louisiana parish asked the federal judge overseeing the Deepwater Horizon multidistrict litigation to not let evidence over the oil spill disaster be destroyed, arguing Wednesday that the parish still has a lawsuit in the MDL pending against BP Exploration & Production Inc.
Oil and gas company BMT Giant must honor a $4.7 million arbitration award to deep-water construction company Ceona for unpaid charter fees on a ship involved in a 2011 accident in the Gulf of Mexico, a Manhattan federal judge ruled Wednesday.
A consortium made up of an Australian pension fund and a pension fund manager said Thursday that they will buy a majority interest in Ausgrid, a state-owned electricity supplier to Sydney and other areas across New South Wales, for AU$16.2 billion ($12.4 billion).
The Pennsylvania Senate passed a resolution on Tuesday that would require a complete review of all environmental regulations in the state to determine whether they exceed federal guidelines.
Energy giant Alstom on Wednesday urged a New York federal court to force a Brazilian insurer to follow a confirmed arbitration award by the International Chamber of Commerce keeping it from pursuing $24 million in claims, adding the insurer should be held in contempt and sanctioned for flouting court orders.
El Paso Corp. urged the Delaware Supreme Court on Wednesday to overturn a series of Chancery Court rulings that left it liable for a $171 million overpayment in a $1.9 billion pipeline deal, arguing the suing investor had derivative claims that were extinguished when Kinder Morgan Inc. bought the company.
The U.S. Securities and Exchange Commission aimed to send a strong message Tuesday by fining Ernst & Young LLP in the agency’s first case against a Big Four firm for audit failures in seven years, but experts questioned whether the penalties were large enough to make other firms take notice.
Tervita Corp., a midstream services provider that treats waste produced from oil and gas production, on Tuesday sought bankruptcy protection in New York to protect itself from U.S. creditors while it completes a court-monitored restructuring in Canada intended to slash approximately $1.5 billion in debt.
A coalition of energy companies and groups filed a suit in federal court Wednesday against New York Public Service Commission officials over the state’s plan to subsidize a group of nuclear power plants that have been struggling.
A Delaware bankruptcy judge told attorneys for bankrupt oil and gas driller Maxus Energy Corp. on Wednesday that privacy concerns were not trumped by the bankruptcy code and said the company must provide the names and addresses of its creditors in its public court filings.
Hercules Offshore Inc. and shareholders have filed dueling arguments on the company's Chapter 11 plan while awaiting a Delaware bankruptcy judge’s decision on confirmation or rejection of the sell-off and business wind-up proposal.
The Eighth Circuit on Wednesday remanded an appeal by officials for the Three Affiliated Tribes of a ruling blocking them from interfering with Paradigm Energy Partners LLC’s construction of a pair of pipelines underneath a lake on their reservation, with directions to consider whether that decision should be undone.
A raw materials company suing Venezuelan state-owned mining company CVG Ferrominera Orinoco CA told a New York federal judge on Tuesday that the company can’t use the Foreign Sovereign Immunities Act to duck a $257 million attachment order over allegedly breached iron ore international transportation contracts.
Somewhat surprisingly, very few of the dozens of the "trial pros" who have been interviewed by Law360 have revealed the secret to effective trial preparation that is vital to their success. But ultimately, the “secret” to effective trial preparation is not actually a secret, says Jamin Soderstrom of Soderstrom Law PC.
Over the past 24 months, the low oil price environment has led to increased interest in the hydrocarbon sector from private equity investors. Attorneys at White & Case LLP examine factors which have incentivized PE houses to contemplate entry into the upstream oil and gas market, as well as the challenges to such PE investment.
The holding and logic of the California Supreme Court’s recent decision in Department of Finance v. Commission on State Mandates has the potential for significant implications in California and nationwide. Importantly, the logic of the decision could apply to any cooperative federalism-based environmental statute, potentially opening the door to other challenges to state implementation of federal laws, says Samuel Brown of Hunton & Williams LLP.
The U.S. Department of Energy has recently made a number of upcoming funding opportunity announcements for technologies related to building efficiency and solar energy. Stephen Bolotin of Holland & Knight LLP reviews these upcoming FOAs, and offers applicant guidance based on past experience with these programs.
According to recent estimates by the U.S. Environmental Protection Agency, funding needs for water infrastructure capital improvements total more than $650 billion over the next 20 years. In the final part of this two-part series, Paul Epstein of Shearman & Sterling LLP discusses the use of public-private partnerships in the water sector to fill funding gaps and as an alternative procurement method.
The overall condition of U.S. water infrastructure is poor and is worsening. Paul Epstein of Shearman & Sterling LLP outlines the key financing sources that may be tapped by water utilities, and efforts that are being made to enhance or expand these sources, including the proposed Water Resources Development Act, which Congress is expected to finalize this year.
The practice of third-party litigation funding, in which funders front money to plaintiffs law firms in exchange for a cut of any settlement or money judgment, is growing increasingly popular. Currently, litigators are not required to disclose the involvement of third-party funders, but transparency will improve justice in courts, say Lisa Rickard, president of the U.S. Chamber Institute for Legal Reform, and Mark Behrens, a partne... (continued)
Both Secretary Clinton and Donald Trump have touted plans for increased infrastructure investment should they win at the ballot this fall. Whatever the quality and likelihood of these plans, the renewed attention to the “infrastructure gap” means energy and infrastructure attorneys and their clients should begin thinking critically about potential partnerships, says Nadine Thornton of Simpson Thacher LLP.
Forming a tribal public utility allows a community to independently manage its own energy resources, procure a cleaner energy supply, operate more efficiently than its current electric service provider, generate steady revenues over the long term, and serve the needs of its community. Tara S. Kaushik of Holland & Knight LLP reviews five points tribes should consider when undertaking this process.
In backlash resulting from the U.S. Supreme Court's decision in Kelo v. City of New London, many states bolstered protections for property rights against government use of eminent domain. Today, new battles over eminent domain are bringing property owners and environmental activists together again, says Brent Owen of Squire Patton Boggs LLP.