Continuing its shift toward exploration and production in North America, Marathon Oil Corp. said Wednesday that it will put production operations in Europe on the block, while sinking the majority of its $5.9 billion 2014 spending plan into developing its North American assets.
An electric generator industry group on Tuesday urged the D.C. Circuit to overturn an Environmental Protection Agency rule imposing new source performance standards on particulates from certain steam generating boiler units, saying the agency had imposed the rule without adequate explanation or notice.
The Pennsylvania Senate voted 42-8 Tuesday afternoon to approve Gov. Tom Corbett’s nomination of Chris Abruzzo to head the state’s Department of Environmental Protection, a week after he made headlines for questioning whether climate change presented a threat.
Unsecured creditors of Overseas Shipholding Group Inc. urged a Delaware bankruptcy judge to limit a proposed extension of the Chapter 11 exclusivity period to no more than two months, saying Tuesday they intend to file their own plan if the oil tanker giant hasn't submitted one by then.
The Seminole Tribe of Florida told the Eleventh Circuit on Tuesday that a lawsuit it brought over state fuel taxes should be reinstated in federal court, despite the state's argument that a lower court's decision to dismiss the case was well-supported.
New Massachusetts carbon regulations approved Monday and similar measures in eight other Northeast and Mid-Atlantic states will lower an existing cap on power plant emissions by more than 70 million tons next year, state officials said.
Fisker Automotive Holdings Inc. won approval for its disclosure statement Tuesday, after unsecured creditors assured a Delaware bankruptcy judge they were on board with the shuttered car maker's high-speed agenda to wrap up a sale and Chapter 11 plan just after New Year's.
U.S. Supreme Court justices peppered opponents of a federal air pollution transport rule with tough questions during Tuesday's oral arguments, giving the U.S. Environmental Protection Agency reason to hope the high court will overturn a D.C. Circuit decision striking down the regulation.
Bracewell & Giuliani LLP has added to its partnership ranks a former Vinson & Elkins LLP corporate attorney who specializes in energy industry transactions, adding depth to the firm’s Houston office, the firm said Tuesday.
Secretary of State John Kerry on Tuesday strongly defended the Obama administration's recent preliminary pact with Iran providing limited relief from financial sanctions in exchange for concessions on its nuclear program, despite heavy opposition from lawmakers.
A top White House environmental policy aide and former U.S. Environmental Protection Agency general counsel is heading into private practice, joining Covington & Burling LLP’s Washington, D.C., office as an expert on environmental, energy and public policy issues, the firm announced Monday.
The European Parliament formally approved plans Tuesday to freeze the number of pollution allowances available in upcoming carbon auctions in an effort to increase prices that have fallen well below the European Union's expectations.
The Second Circuit on Tuesday upheld the dismissal of a lawsuit challenging the $13 million annual state tax levy imposed on Vermont's largest nuclear plant operator, saying the Tax Injunction Act does not allow the federal courts to meddle in state tax matters.
London-based copper miner Kazakhmys PLC said Tuesday it has agreed to sell its 50 percent stake in a company operating a Kazakhstan power plant and 100 percent of a hydroelectric power company for $1.3 billion in cash to a Samruk Energy, a sovereign wealth fund.
India’s competition watchdog announced Monday it was levying a fine of 17.7 billion rupees ($290 million) against state-run mining giant Coal India Ltd. and three of its subsidiaries for illegally leveraging its dominant position as the country’s largest supplier to enter into unfair supply deals.
The Chinese government released a climate change adaptation strategy for the first time Monday, calling on provinces, cities and national agencies to adjust their management strategies to better protect the country from the effects of global warming.
Duke Energy filed a $1.18 billion plan with the U.S. Nuclear Regulatory Commission, to take down its Crystal River nuclear power plant in Florida, the company said Monday.
Consol Energy Inc. and Noble Energy Inc. will pay up to $190 million for drilling rights to nearly 90,000 acres in the Marcellus Shale beneath West Virginia gas storage fields owned by Dominion Resources Inc., Pennsylvania-based Consol said Tuesday.
The Mississippi Public Service Commission unanimously blocked part of Entergy Mississippi Inc.'s proposed $1.78 billion divestment of electric transmission lines to ITC Holding Corp., the commission said Tuesday.
Entergy Gulf States Louisiana LLC clinched a six-year agreement with a subsidiary of South Africa-based Sasol Ltd. to supply up to 200 megawatts of power to run Sasol’s planned $7 billion petrochemical project in Louisiana, according to a Monday statement.
The first criminal case ever prosecuted under the Migratory Bird Treaty Act against Duke Energy reinforces the importance of developing voluntary compliance mechanisms in cooperation with the U.S. Fish and Wildlife Service to reduce bird mortality — and raises the possibility that more enforcement actions could be on the horizon, say attorneys with Perkins Coie LLP.
Under the new Texas Uniform Trade Secrets Act, there is no reason to expect any less protection for technical and economic information useful in oil and gas exploration and production. A comparison of the factors Texas courts have been using to determine if a trade secret exists and the new statutory definition reveals substantial overlap, say Steve Borgman and David Tobin of Vinson & Elkins LLP.
With a close decision on the question of cap and trade auctions as a tax and at least one appeal of the recent Sacramento Superior Court judgment likely, the fight over the California cap and trade program is far from over. Other states are closely observing legal challenges to California's sweeping AB 32 program and assessing its effectiveness and economic impact, say attorneys at Stoel Rives LLP.
In light of the proposed e-discovery amendments to the Federal Rules of Civil Procedure, businesses need to set themselves up to efficiently respond to discovery and requests for information from their counsel by implementing and following document-control policies as part of normal business practices. The failure to do so will eventually consume vast amounts of employee time, say Steven Cvitanovic and Colin Murphy of Haight Brown & Bonesteel LLP.
Recently, the California Department of Conservation, Division of Oil, Gas & Geothermal Resources issued two key documents relating to hydraulic fracturing. Of keen interest is whether these new rules will permit development of the Monterey Shale in a manner that is competitive with the development of oil reserves elsewhere — or whether government involvement will delay development of the world’s largest, deep shale-oil play, say attorneys at Latham & Watkins LLP.
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.