Cheniere Energy Inc. said Monday that its subsidiary has agreed to two separate deals for a combined $9.5 billion with Bechtel Oil, Gas & Chemicals to construct liquefied natural gas trains and facilities for its project in Corpus Christi, Texas.
A Texas jury hit a subsidiary of Nuverra Environmental Solutions Inc. with a $281 million judgment on Thursday after finding a drive shaft had broken off a poorly maintained truck owned by the oil field service company, causing a man’s death.
Eight northeastern states on Monday urged the U.S. Environmental Protection Agency to crack down on air pollution from several upwind states, the latest interstate dust-up over U.S. air policy, which foreshadows even bigger regional battles when the agency proposes greenhouse gas emission rules for existing power plants next year, experts say.
The U.S. Department of Justice on Friday accused contractor Washington Closure Hanford LLC, which manages a $2 billion nuclear waste cleanup effort in Washington State, of defrauding the government by falsely claiming credit for awarding tens of millions of dollars in subcontracts to women-owned small business that allegedly acted as shell companies.
A Missouri federal judge on Monday took back a holding that Travelers Indemnity Insurance Co. of America had to indemnify an Arch Coal Inc. unit against lawsuits brought by workers who were injured in a crane accident, agreeing that her initial ruling went too far.
Kentz Corp. Ltd. will dole out $435 million to pick up rival Valerus Field Solutions, giving the U.K. engineering firm a stronghold in the U.S. and Latin-American oil and gas engineering industries, according to a Monday statement.
A German engineering firm will pay $32 million to resolve allegations it breached the Foreign Corrupt Practices Act by bribing Nigerian government officials in an effort to score a $387 million natural gas pipeline contract, federal officials announced Monday.
A former Akin Gump Strauss Hauer & Feld LLP partner specializing in the energy and infrastructure sector has joined Dechert LLP's corporate and energy and clean technology practices, Dechert said Monday.
The advanced biofuel industry urged Congress' top tax writers to extend tax breaks scheduled to expire at year's end, saying Monday that special deductions, tax credits and depreciation rules are needed to keep the industry economically competitive.
Private equity-backed NET Midstream on Monday announced that it had secured $665 million in funding for its planned 124-mile NET Mexico natural gas pipeline in South Texas, closing a financing round led by Japanese bank Mitsubishi UFJ Financial Group Inc.
Canadian energy firm Lone Pine Resources Inc. asked a Delaware bankruptcy judge Monday to approve up to $40 million in hedging agreements, a prerequisite for the Calgary-based company to finalize a new $130 million loan.
Iran Foreign Minister Javad Zarif over the weekend reportedly said that the nation's recent interim deal with the U.S. and other world powers to halt portions of its nuclear program would be doomed if the U.S. Congress imposed new punitive sanctions on his country.
The parent of Massey Energy Co. agreed to pay $265 million to settle a class action alleging Massey misrepresented its safety record to inflate stock prices, which plummeted following the worst U.S. mining disaster in more than 40 years, Massachusetts officials announced Monday.
Petroflow Energy Corp., whose predecessor firm went bankrupt in 2010 amid a dispute over an Oklahoma gas drilling project with Equal Energy Ltd., will buy its former business partner for approximately $230 million, Equal said Monday.
The Asian Development Bank is providing a $900 million loan for a new, 600-megawatt supercritical coal-fired power plant in Pakistan, a country the bank said Monday was in desperate need of reliable energy.
Alpha Natural Resources Inc. said Monday that it will sell its 50 percent stake in a natural gas joint venture it co-founded with Rice Energy in 2010 for $300 million, $100 million of which will be in cash, with the other $200 million in Rice common stock.
Texas and six other states were permitted to intervene Friday in a federal lawsuit that will set a deadline for the U.S. Environmental Protection Agency to determine which areas of the country don’t comply with a critical part of its sulfur dioxide emissions standards for power plants and other sources.
Oil and gas company EnerVest Ltd. agreed to sell its Permian Basin assets in Texas to QEP Resources Inc. for $950 million, the companies said Monday.
Occidental Petroleum is eyeing a consortium of three state-owned companies as a potential buyer for a $10 billion stake in its MENA business, while Cerberus might finally have a plan to unload at least part of gun manufacturer Freedom Group about a year after critics first pressed the firm to get rid of its holding.
As the U.S. Supreme Court hears oral arguments on Tuesday examining the federal government's power to regulate air pollution across state lines, experts say both sides will be focused on swaying Justice Anthony Kennedy, who will likely once again cast the deciding vote in a critical environmental case.
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.
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.