Energy

  • September 18, 2014

    White House Unveils Plans To Push Solar Energy

    The White House on Thursday announced a host of initiatives to promote solar energy deployment and increase energy efficiency, including partnering with businesses to create jobs and cut carbon pollution, continuing its drive to combat the effects of climate change.

  • September 18, 2014

    Illinois AG Sues Greif Unit Over Chicago Canal Spill

    The Illinois attorney general filed suit on Wednesday to force Olympic Oil Ltd., a Greif Inc. subsidiary, to clean up thousands of gallons of oil-laden wastewater that has spilled from its suburban Chicago bulk oil terminal in recent months, saying the facility poses an ongoing threat to the environment.

  • September 18, 2014

    Callon Nets $122M In Stock Sale To Fund Oil Land Purchase

    Natchez, Mississippi-based Callon Petroleum Co. has raised roughly $122 million from a public offering, the proceeds of which will help fund its recently announced acquisition of thousands of acres of undeveloped oil- and gas-rich properties in the Permian Basin.

  • September 18, 2014

    Oxfam Sues SEC Over Delay Of Oil Payment Disclosure Rule

    Oxfam America sued the U.S. Securities and Exchange Commission on Thursday to compel the regulator to implement a controversial Dodd-Frank provision under which oil and gas companies would be required to disclose payments for valuable government land leases.

  • September 17, 2014

    Hunton Mostly Escapes Gas Co.'s $50M Malpractice Suit

    A Texas federal judge on Tuesday left Hallwood Energy LP’s estate trustee a single “narrow” claim in its $50 million malpractice suit against Hunton & Williams LLP, agreeing with a bankruptcy judge who ruled the trustee could only seek a recovery of fees.

  • September 17, 2014

    BP Says $18B Deepwater Trial Shouldn't Be Cut Short

    BP Exploration and Production Inc. told a Louisiana federal judge on Tuesday it needs a three-week trial to defend itself from up to $18 billion in civil penalties stemming from the Deepwater Horizon disaster, raising concerns that the trial could be cut to two weeks.

  • September 17, 2014

    DC Circ. Won't Reconsider Nixed FERC Power Demand Rule

    The D.C. Circuit Court of Appeals on Wednesday declined to review en banc a divided three-judge panel's ruling that nixed the Federal Energy Regulatory Commission's controversial rule requiring that consumers be paid for using less power during high-demand periods.

  • September 17, 2014

    ECOtality Shareholders Get Plug Pulled On Class Action

    A California federal judge on Tuesday tossed a putative shareholder class action against the directors and officers of bankrupt electric vehicle charger maker ECOtality Inc., ruling that their allegedly misleading statements about the company's viability were either protected forward-looking statements or not intentionally misleading.

  • September 17, 2014

    $21M Oil Royalty Fight Not Time-Barred, Landowner Says

    Landowners trying to reinstate a $21 million oil and gas royalty judgment on Wednesday urged the Texas Supreme Court not to let a Samson Resources Corp. subsidiary get away with filing fraudulent public records by deeming their claims time-barred.

  • September 17, 2014

    Newfound Report Validates $266B BP FCA Suit: Plaintiff

    A former BP PLC contractor asked a Texas federal judge on Wednesday to revisit her decision tossing his $266 billion False Claims Act suit over the energy giant’s Atlantis facility in the Gulf of Mexico, saying a previously undisclosed government report proves the oil platform is unsafe.

  • September 17, 2014

    Bankrupt Refinery Owner Floats $100M EnCap Deal

    The bankrupt owner of a Texas asphalt refinery caught up in a bitter family feud unveiled plans Wednesday to sell it for $100 million to a portfolio company of private equity firm EnCap Flatrock Midstream, enough to pay off creditors in full and leave equity holders in the money.

  • September 17, 2014

    Spirited CFTC Launches New Uncleared Swap Margin Plan

    A newly reconstituted U.S. Commodity Futures Trading Commission did not shy away from debate Wednesday as it voted to propose margin requirements for uncleared swap transactions and put the final stamp on a measure intended to help certain government-run energy producers and suppliers stay in the derivatives markets.

  • September 17, 2014

    Deals Rumor Mill: Oi, Total, Verizon

    Oi SA plans to sell its 75 percent stake in Africatel Holdings BV in order to raise money to make an offer for mobile phone company TIM Participacoes SA, while Total SA has decided to put one of its offshore Nigerian oil fields on the market for as much as $2.5 billion.

  • September 17, 2014

    House Panel Disparages Climate Plan As Drop In The Ocean

    House Republicans on Wednesday hammered a plan to cut carbon emissions from existing power plants, homing in on White House and U.S. Environmental Protection Agency officials’ acknowledgements that, taken alone, the plan won’t do much to combat rising temperatures or sea levels.

  • September 17, 2014

    FERC Won't Review New England Power Auction Results

    A deadlocked Federal Energy Regulatory Commission on Monday let stand the results of regional grid operator ISO New England Inc.'s annual forward capacity auction, angering consumer advocates who claim a private equity firm intentionally drove up auction prices by retiring a coal-fired plant prior to the auction.

  • September 17, 2014

    Pa. Lawmaker Pushes For State Fracking Health Registry

    A Pennsylvania state lawmaker has introduced a bill that would establish a statewide registry to keep track of health complaints related to hydraulic fracturing.

  • September 17, 2014

    Sen. Floats Bill To Thwart Ozone Emissions Standard

    U.S. Senator John Thune, R-S.D., on Wednesday proposed legislation that would block the Environmental Protection Agency from implementing an expected rule regarding ozone emissions, saying if the rule is allowed to proceed, it would be the costliest regulation in agency history.

  • September 17, 2014

    Waste-Burning Refineries Need More Time, EPA Tells DC Circ.

    The U.S. Environmental Protection Agency has asked the D.C. Circuit to delay for another six months its mandate of a ruling that the agency is violating the Resource Conservation and Recovery Act by allowing refineries to burn petroleum waste materials into fuel.

  • September 17, 2014

    Markey Seeks Legislation To Halt US Coal Leasing Program

    Sen. Ed Markey, D-Mass., on Tuesday vowed to introduce legislation to halt the U.S. Department of the Interior's coal-leasing program after the agency rebuffed his plea to impose a moratorium on the program he claims is undervaluing coal mined on public land, costing taxpayers millions of dollars.

  • September 17, 2014

    Thompson & Knight To Rep EFH On Tax Issues In Ch. 11

    Energy Future Holdings Corp. has tapped Thompson & Knight LLP to represent it on tax issues as it undergoes Chapter 11 restructuring and a bidding war for its assets, the law firm said Wednesday. 

Expert Analysis

  • FERC Proposal Would Benefit Market-Based Rate Entities

    William D. Degrandis

    The Federal Energy Regulatory Commission's proposed market-based rate revisions would streamline filing and clarify when procedures are relevant to different types of entities, which could materially reduce burdens and costs, say William Degrandis and Candice Castaneda of Paul Hastings LLP.

  • Utility Rates Provide Opportunities For Fla. Businesses

    Jeremy L. Susac

    New plans for a hotel, manufacturing or industrial application in Florida should look to recently proposed economic development rates, facilitated by the Public Service Commission, that provide substantial reductions to business energy costs in a state that consumes plenty of it, says Jeremy Susac of Berger Singerman LLP.

  • Trade Cases Bring Good News For US Oil Pipe Industry

    Brian McGill

    Overall, the U.S. oil country tubular goods industry is pleased with the outcomes of the OCTG trade cases at the administrative agency level, particularly because the U.S. Department of Commerce increased anti-dumping duties on imports from Korea in its final margin calculations and the U.S. International Trade Commission made affirmative determinations with respect to substantially all subject imports, says Brian McGill of King & Spalding LLP.

  • Texas High Court Stays Course On Restrictive Covenants

    David M. Gregory

    The Supreme Court of Texas' decision in Drennen v. Exxon Mobil Corp. approved an alternative approach for employers to garner periods of noncompetition from prior employees and continues the court’s recent trend toward broader enforcement of restrictive covenants, says David Gregory of Locke Lord LLP.

  • A Look At The New US And EU Sanctions On Russia

    Triplett Mackintosh

    While the latest U.S. and EU sanctions do not cut off entire sectors of the Russian economy, they come close, say attorneys with Holland & Hart LLP.

  • 8 Trends Influencing Energy Transactions

    Sean T. Wheeler

    More and more midstream companies are in need of capital to take advantage of significant infrastructure investment opportunities, which should lead to more public and private merger and acquisition activity in the midstream space along with additional initial public offerings, says Sean Wheeler of Latham & Watkins LLP.

  • BP Damages Will Be Punishing, Though Not Punitive

    B.D. Daniel

    After the Phase One rulings in the Deepwater Horizon oil spill litigation, any oil spill plaintiff still seeking punitive damages from BP PLC will face a gauntlet of legal obstacles, which is good reason to doubt BP will ever pay punitive damages in personal injury cases — a small consolation given BP's potential liability for civil penalties, says B.D. Daniel of Beck Redden LLP.

  • OPINION: Pro Bono May Help Diversity Recruiting Efforts

    David A. Lash

    A recent Law360 article about the perennial BigLaw concern over how to recruit and retain female and ethnically diverse attorneys addressed a new approach being taken by some law firms — going beyond traditional mentoring programs by creating a sponsorship relationship. Pro bono can also play a part, say David Lash and Merle Vaughn of the Association of Pro Bono Counsel.

  • 'After-Acquired Title' Doctrine Case Should Draw Attention

    Anthony R. Holtzman

    Oil and gas producers should have an interest in the Pennsylvania Supreme Court's eventual ruling in Shedden v. Anadarko E&P Company LP as it will consider payments under the “after-acquired title” doctrine. Industry may want to participate in an amicus curiae given the policies the doctrine serves, say Anthony Holtzman and George Bibikos of K&L Gates LLP.

  • Esquenazi In Korea: Identifying Instrumentalities Abroad

    Samantha Dreilinger

    Efforts to apply the Esquenazi definition in Korea — a country where the government plays a significant yet often obscured role in several important industries — reveal that the definition leaves important questions unresolved and provides little comfort to companies trying to determine whether a potential business partner may be subject to the Foreign Corrupt Practices Act, say attorneys with Cadwalader Wickersham & Taft LLP and Kim & Chang.