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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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)
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.
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.
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.
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.
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.
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.
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.