The Texas Supreme Court on Friday agreed to hear a case that asks whether the Lower Colorado River Authority can sue Boerne and other Texas cities for breach of contract over their early exit from a series of wholesale power agreements or whether the cities have immunity.
A Delaware Chancery judge on Friday threw out claims challenging the now-closed $390 million sale of Crimson Exploration Inc. by Contango Oil & Gas Co., ruling that the suing shareholders didn’t have enough of a case to stand up to either the business judgment or entire fairness standards.
French shipper Bourbon SA, backed by Luxembourg-based private investment company Jaccar Holdings, said Friday that it has successfully placed its first hybrid bond offering raising €100 million ($126.7 million) in perpetual subordinated debt as the company looks to restructure its finances.
The U.S. Environmental Protection Agency's revived cross-state air pollution rule won't have much regulatory oomph thanks to subsequent rules that do most of its job, but an expected rewrite of federal air quality standards could restore some bite.
Oil and gas exploration company Century Exploration New Orleans LLC is seeking U.S. Supreme Court review of a decision allowing the government to add additional oil spill response requirements to its drilling lease, saying the decision would give the government free rein to impose new conditions on existing leases.
The Texas Supreme Court on Friday let stand a $3.5 million judgment against an Oxbow Corp. unit in a dispute over a cogeneration contract, refusing to review a lower court's finding that the Porter Hedges LLP partner who arbitrated the case had not shown bias against Oxbow’s attorneys from Yetter Coleman LLP.
A West Virginia federal judge on Thursday declined to let a Consol Energy Inc. unit dodge a Clean Water Act suit over alleged selenium pollution from mining operations, ruling that its reissued permits don’t let the company off the hook for past violations.
European Union leaders on Friday agreed to cut greenhouse gas emissions by at least 40 percent by 2030, a goal they said would be achieved mainly through an emissions trading system, and adopted renewable energy and energy efficiency targets.
The U.S. Department of Labor has recovered nearly $2 million in back wages for construction workers on a federally funded solar energy project in Tonopah, Nevada, the agency said Thursday.
Chesapeake Energy Corp.'s service industry affiliate has pulled its more than two-year-old plans for an $862.5 million initial public offering for undisclosed reasons, according to a regulatory filing Friday.
A London Commercial Court judge on Thursday ruled that third-party litigation funders are liable for $7.7 million in indemnity costs that defendants Gulf Keystone and Texas Keystone incurred in a doomed $1.6 billion lawsuit over production rights for an Iraqi oil field.
An Australian federal court on Friday ordered two Sydney-area gas companies to pay $8.3 million for promising not to poach each other’s customers and artificially setting prices to discourage competition in the market for liquid petroleum gas cylinders forklifts from 2006-11.
The U.S. Environmental Protection Agency told the D.C. Circuit on Thursday that Murray Energy Corp.’s challenge of a proposed rule to limit carbon emissions from existing power plants must be dismissed as premature, since the rule isn’t final.
MidCon Midstream LP, a master limited partnership owned by Oklahoma company SandRidge Energy Inc., filed for an initial public offering Friday seeking to raise $100 million to support its business of disposing saltwater produced by rapidly growing oil and gas well construction.
Houston-based Porter Hedges LLP expanded its energy practice this week with the opening of a new Oklahoma City office led by a former Commercial Law Group PC managing partner with expertise in M&A, real estate and finance.
Halliburton Energy Services Inc. and the federal government on Thursday panned BP PLC’s bid to escape a finding that it was grossly negligent in the events that led to the Deepwater Horizon disaster, saying there is plenty of evidence to prove its actions were to blame in the case.
A subsidiary of NRG Energy Inc. has accused Illinois Union Insurance Co. in Louisiana federal court of pursuing a “scorched earth” strategy in a coverage dispute over the settlement of a Clear Air Act coal pollution suit, characterizing a discovery request from Illinois Union as a “fishing expedition.”
The U.S. International Trade Commission on Thursday said that no anti-dumping duties will be imposed on grain-oriented electrical steel from China, South Korea, Russia and the Czech Republic, finding that no U.S. industry was injured or threatened by imports of the products.
In this week’s Taxation With Representation, IBM Corp. sells its semiconductor unit in a $1.5 billion deal while Latham & Watkins’ tax attorneys help QEP Resources Inc. sell its midstream oil and gas business to industry giant Tesoro Corp for a cool $2.5 billion.
The D.C. Circuit on Thursday formally reinstated the U.S. Environmental Protection Agency's cross-state air pollution rule that was resurrected by the U.S. Supreme Court in April, rejecting a bid by several states and industry groups to delay implementation until all pending litigation ends.
Newcastle Port Corporation v. MS Magdalene Schiffahrtsgesellschaft MBH shows the New South Wales Land and Environment Court's willingness to impose substantial fines for marine pollution offenses and is a useful illustration of the court's approach to sentencing in such matters, say attorneys at Norton Rose Fulbright Australia.
Recent congressional dissatisfaction over the settlement involving former Amaranth Advisors LLC trader Brian Hunter's alleged manipulation of the natural gas futures contracts market could ultimately increase coordination between the Federal Energy Regulatory Commission and U.S. Commodities Futures Trading Commission when jurisdictional overlap exists, say Daniel Mullen and Nathan Erickson of Fried Frank LLP.
Notwithstanding its arguably questionable precedential support, the Third Circuit’s decision in Opalinski v. Robert Half Inc. is not surprising. It continues arbitration law’s march toward a likely end, by any path, for class action liability for companies and other business entities, say Brian Berkley and Matthew Adler of Pepper Hamilton LLP.
Companies and trade associations interested in obtaining the benefits of small unmanned aircraft systems should start formulating plans now to help shape the Federal Aviation Administration's much-anticipated notice of proposed rulemaking — likely to issue in mid-December — and the regulations that will come out of it. They need not wait for the notice, say attorneys with Morrison & Foerster LLP.
The New York State Supreme Court's precedent-setting decision in Sierra Club v. Martens confirms that electric generating facilities in New York seeking an initial water withdrawal permit under the Water Resources Protection Act will not be subject to the State Environmental Quality Review Act, thus saving time and effort, say attorneys at Hiscock & Barclay LLP.
In U.S. Metals Incorporated v. Liberty Mutual Group Inc., perhaps the most significant issue to be decided by the Texas Supreme Court is whether the incorporation of a defective product into other property constitutes “physical injury” to other component parts of the property, says Kristin Cummings of Zelle Hofmann Voelbel & Mason LLP.
The Nevada federal court's recent ruling in Agincourt Gaming LLC v. Zynga Inc. is an important reminder that a nonparty wanting to challenge a civil subpoena should consider carefully the appropriate jurisdiction in which to file a motion to quash under recently enacted Rule 45, say Steven Luxton and Brad Nes of Morgan Lewis & Bockius LLP.
Three and a half years after the accident at the Fukushima Daiichi nuclear power plant, the nuclear industry is experiencing somewhat of a revival, however the apparent disconnect between its rhetoric and the mindset of financiers must be overcome to stimulate the successful development of new plants, say George Borovas and Helen Cook of Shearman & Sterling LLP.
If finalized, the U.S. Environmental Protection Agency's proposal to prohibit excess emissions during periods of startup, shutdown or malfunction in state implementation plans under the Clean Air Act could result in additional enforcement actions for violations of emission limitations during periods of malfunction, say attorneys at Jones Day.
In Wheeler v. Enbridge Pipelines, the Texas Supreme Court provided guidance to midstream companies on the proper calculation of damages to real property stemming from the breach of a pipeline right-of-way agreement — a decision that has implications well beyond the oil and gas industry, say attorneys with K&L Gates LLP.