Opponents of New York’s participation in a multistate cap-and-trade initiative were too late in bringing claims that the program unlawfully imposed a tax on energy by executive fiat, a state appeals court ruled Thursday.
The liquidation trustee for the estate of Getty Petroleum Marketing Inc. has filed an adversary complaint against the men who purchased the company from a unit of OAO Lukoil for $1 in 2011, claiming the buyers drained $6.5 million from the company mostly to line their own bank accounts.
While the shale-fueled U.S. oil and gas boom drove the energy dealmaking bus in 2013, it wasn’t the only energy M&A story to grab attorneys’ attention. Here, attorneys reveal five trends they observed in energy M&A over the past year:
Energy industry groups are gearing up for an all-out fight against a proposed fracking ban moving through the Massachusetts Legislature even though it will have a minor practical impact in a state with little development potential, because they're worried it could lead to prohibitions in resource-rich states sympathetic to the anti-fracking movement.
Royal Dutch Shell PLC is pulling the plug on plans to build a gas-to-liquids plant in Louisiana after the project’s estimated costs soared from $12.5 billion to more than $20 billion, the company said Thursday.
Cheniere Energy Inc. said Wednesday that a subsidiary has inked a two-decade deal to sell 800,000 tons of liquefied natural gas per year to Indonesia’s state-owned PT Pertamina, its first customer for an LNG export terminal being developed in Texas.
Winston & Strawn LLP has expanded its global energy practice with the addition of a pair of oil and gas transactional partners to its Houston office who hail from Baker Botts LLP and Norton Rose Fulbright, the firm said Thursday.
President Barack Obama on Thursday continued his second-term push to tackle climate change, ordering federal agencies to increase the portion of their electricity derived from renewable energy nearly three-fold over the next six years.
A New Jersey Senate panel on Thursday advanced legislation that calls for a harder look at generation capacity and infrastructure as part of the state's overarching energy plan.
Louisiana's state levee board association on Wednesday overwhelmingly opposed a lawsuit seeking billions of dollars from nearly 100 energy companies to cover coastal damage linked to oil and gas drilling activities, urging a regional flooding authority to drop the legal action.
While law firms have made great strides, studies show that we all still have implicit biases that affect perceptions and decision making. As a senior woman I have the opportunity to help combat that — and the obligation to do so, says Carla Christofferson, managing partner of O'Melveny & Myers LLP's Los Angeles office and a member of the firm's policy committee.
The global energy infrastructure arm of private equity firm American Capital Ltd. said Thursday that it would invest up to $130 million in a private equity-backed Nigerian company that is building a 450-megawatt open-cycle gas turbine power station in the African nation.
An attorney for oil drilling equipment holding company Gulfco Holding Corp. told a Delaware bankruptcy judge Wednesday that the company filed for Chapter 11 protection in a bid to negate a lender takeover of its nondebtor operating affiliate Gulf Coast Machine & Supply Co.
An oil and gas industry group is challenging newly passed hydraulic fracturing restrictions in two Colorado cities, lodging complaints in state court Tuesday arguing that the measures banning the practice for at least five years are superseded by state energy regulations.
The U.S. Department of Energy's information technology chief suggested Wednesday that an overhaul of the government contracting process may be necessary, saying the system is unable to keep up with technological change and may disadvantage startups and other small tech businesses.
Latham & Watkins LLP's Sean Wheeler has counseled clients from upstream petroleum companies to energy asset operators in roughly $35 billion in transactions over the past year, which includes the nearly $7 billion buyout of energy exploration firm Plains Exploration & Production Co., landing him on Law360’s list of Energy MVPs.
The D.C. Circuit overturned Tuesday a Federal Energy Regulatory Commission decision to allow the transfer of certain energy transmission facilities from one regional transmission organization to another, calling the decision arbitrary and capricious.
The Ninth Circuit on Wednesday shut down a bid by Malaysia’s national oil company to revive its trademark infringement suit against Internet domain registrar GoDaddy Inc., finding that the Internet domain registrar can’t contribute to so-called cybersquatting simply by performing its regular services.
Dozens of House Democrats urged the U.S. Department of the Interior on Tuesday to halt oil and gas leasing in the Arctic Ocean until it overhauls the rules governing the activity and takes into account the impacts it has on climate change.
The chairman of the House Science Committee on Tuesday accused the U.S. Environmental Protection Agency of putting politics above science with its proposed greenhouse gas emissions standard for power plants, pointing to a Science Advisory Board review questioning the data behind the rule.
Before a landowner grants an oil & gas lease to a lessee, he should carefully consider some key provisions to protect himself and to maximize economic benefit. For example, always make sure the provisions do not permit the primary term of the lease to extend beyond the stated period absent production, drilling or other operations, say attorneys at Greenberg Traurig LLP.
The U.S. Securities and Exchange Commission has generally not concerned itself with improper conduct involving embargoed countries. But the SEC’s complaint in the recent Weatherford International Ltd. case suggests that the agency takes the position that inaccurate accounting of transactions with embargoed countries can result in violations of the Exchange Act, say attorneys with Ropes & Gray LLP.
A recent Federal Energy Regulatory Commission order will permit Rockies Express Pipeline to enter into transactions to transport shale gas east to west within its easternmost zone without triggering a rate reduction for its foundation and anchor shippers. Rockies Express’ ability to enter into such transactions will provide a new source of gas supply for Midwestern markets and an attractive outlet for Marcellus and Utica production, say attorneys with Van Ness Feldman LLP.
What is the thinking as to whether leaky air conditioner cases warrant multidistrict litigation treatment? On Dec. 5, the Judicial Panel on Multidistrict Litigation heads to Vegas to find out. This will bring a temperature shift in more ways than one from the September hearing, where the panel considered a potential MDL proceeding arising from allegedly defective clothes dryers, says Alan Rothman of Kaye Scholer LLP.
In addition to continued headline-grabbing litigation involving pharmaceutical companies in the wake of PLIVA Inc. v. Mensing, 2013 brought a number of important cases informing everything from class certification questions and product labeling trends to False Claims Act liability and fracking disputes, say attorneys at Weil Gotshal & Manges LLP.
Because Latin American countries differ substantially from one another, there is no effective one-size-fits-all approach to anti-corruption compliance in the region. That said, companies doing business in the region should be aware of a number of recurring compliance concerns that may lead to an increased risk of violating the FCPA or other applicable anti-bribery laws, say attorneys with Debevoise & Plimpton LLP.
The connection between Houston, Texas, and Philadelphia for value-added energy- and refining-related activity is palpable. Companies like Shell, Chevron, ExxonMobil and many others with a strong Houston presence are connecting to Pennsylvania, and we are just seeing the tip of the iceberg, says Michael Krancer of Blank Rome LLP.
Simply put, older cases interpreting the former version of section 1441 of the U.S. Code are no longer good law. A defendant confronted with a general maritime law tort claim should give serious consideration to removing the claim to federal court under the “original jurisdiction” clause of section 1441(a), says Brian Schneider of Moran Reeves & Conn PC.
Two considerations stand out regarding the Iran nuclear agreement's effect on sanctions. First, the agreement does not provide detail about suspension of sanctions or even identify measures to be suspended. Second, agreement commitments to relax sanctions measures will only be effective if, when and to the extent that they are implemented in U.S. and EU law, say Harry Clark and Clark McFadden of Orrick Herrington & Sutcliffe LLP.
A new law in Mongolia dramatically alters the investment landscape in the country, eliminating the broad restrictions on private foreign investment in the minerals, communication and financial sectors that previously existed, removing the parliament from the approval process, and ending the distinction between foreign and domestic investors, says Stewart Diana of DLA Piper LLP.