Energy RSS

  • April 17, 2014

    5 Energy Projects That Could Help Wean EU Off Russian Gas

    Although the European Union has talked about reducing its heavy reliance on Russian gas for years, the ongoing crisis in Ukraine has injected new urgency into the effort. But it won't be easy, energy project finance experts say, with plenty of political, legal and regulatory hurdles to overcome.

  • April 17, 2014

    OSG Lines Up $935M In Ch 11 Exit Loans From Goldman Sachs

    Oil tanker giant Overseas Shipholding Group Inc. asked a Delaware bankruptcy judge late Wednesday for the green light on a $935 million exit-financing package from Goldman Sachs Bank USA that the debtor calls the “final pillar” of its strategy to emerge from Chapter 11 protection.

  • April 17, 2014

    State DEP Says SW Florida Oil Drilling Permit Will Stand

    The Florida Department of Environmental Protection on Thursday said it will not rescind a challenged permit for oil and gas drilling in southwest Florida that it granted to a Texas company last year, despite an advisory committee's finding of several issues with it.

  • April 17, 2014

    US, EU May Expand Russian Sanctions

    As U.S. and European Union officials meet with their Ukrainian and Russian counterparts to ease the region's ongoing tension this week, momentum is building on both sides of the Atlantic to again expand sanctions on Russia, with EU lawmakers putting the nation's energy sector in their crosshairs.

  • April 17, 2014

    EPA Misses Deadline For Cooling Water Intake Rule

    The U.S. Environmental Protection Agency failed to meet Thursday's court-ordered deadline to finalize a long-delayed cooling water-intake rule for power plants, and the environmental group suing the agency over the regulation refused to give the agency more time.

  • April 17, 2014

    Gardere's Bid To Cut Ethics Jab From Appellate Ruling Nixed

    A Texas appeals court on Tuesday refused to revise a recent decision that accused attorneys with Gardere Wynne Sewell LLP and a solo practitioner of violating ethical rules by raising a frivolous argument in a lease dispute involving an oil field saltwater disposal company.

  • April 17, 2014

    NTR Unit Lands $60M In Sale Of 150-MW Wind Project

    Irish renewable energy investment group NTR PLC said on Thursday that one of its U.S. subsidiaries, Wind Capital Group LLC, has agreed to sell the 150-megawatt Osage wind farm in Oklahoma to TradeWind Energy Inc. for about $60 million.

  • April 17, 2014

    SEC Says BP Oil Spill Responder Dumped Stock Amid Crisis

    The U.S. Securities and Exchange Commission on Thursday accused a former BP PLC employee of trading shares of the energy giant during the 2010 Deepwater Horizon oil spill based on inside information about the extent of the disaster.

  • April 17, 2014

    EQT Must Defend Drilling Subcontractor In Fracking Suit

    An Ohio federal judge on Wednesday ruled that natural gas well owner Equitable Production Co., now known as EQT Production Co., must defend its drilling subcontractor in settled litigation over alleged fracking fluids contamination, finding that the drilling contract requires EQT to defend against any contamination claims.

  • April 17, 2014

    DOE Pledges $15M To Boost Community Solar Development

    The U.S. Department of Energy said Wednesday that it's putting up $15 million to help U.S. communities install more solar power at homes and businesses, part of the Obama administration's goal of doubling U.S. renewable energy generation by 2020.

  • April 16, 2014

    BP To Divest Texas Panhandle Gas Field

    BP America Production Co. said Wednesday it was going to sell 280,000 gross acres of gas-producing land in the Texas Panhandle, saying the mature field was better suited for a late-life specialist. 

  • April 16, 2014

    Patton Boggs Taps Morvillo Abramowitz Aces In Chevron Row

    Patton Boggs LLP, which Chevron Corp. accuses of perpetrating a scheme to shield evidence that a $19 billion judgment in litigation in Ecuador was obtained illegally, has enlisted experienced white-collar attorney Elkan Abramowitz of Morvillo Abramowitz Grand Iason & Anello PC in its New York federal suit, he confirmed Wednesday to Law360.

  • April 16, 2014

    El Paso Looks To Toss Investor Suit Over $1.9B LNG Deal

    El Paso Corp. urged a Delaware Chancery judge Wednesday to toss an investor's derivative suit that claims a group of limited partners were soaked for $300 million in an overpriced $1.9 billion liquid natural gas deal, saying the transaction was a sound business judgment approved in good faith.

  • April 16, 2014

    EPA, TCEQ Issue First Joint GHG Permit For Texas Plant

    The U.S. Environmental Protection Agency said Wednesday the greenhouse gas permit issued to Equistar Chemicals is the first ever drafted by the Texas Commission on Environmental Quality, as the agencies work together to transition GHG permitting to the state and clear a backlog of requests.

  • April 16, 2014

    Sinopec Wins Dismissal Of $5B False Imprisonment Suit

    A California federal judge on Tuesday tossed a Chinese foreign national’s $5.17 billion suit alleging China Petroleum & Chemical Corp., known as Sinopec Corp., colluded with the Chinese government to falsely imprison him, ruling the court did not have jurisdiction over the claims.

  • April 16, 2014

    Feds Asked To Regulate 'Orange Clouds' Caused By Mining

    The environmental group WildEarth Guardians on Monday asked the U.S. Office of Surface Mining Reclamation and Enforcement to clamp down on mining activity that leads to the creation of so-called orange clouds of gas, saying experts have found the clouds to have concentrations of nitrogen oxides that exceed safety limits.

  • April 16, 2014

    Metso Board Rejects Rival's Stock Swap Merger

    Finnish engineering company Metso Corp. has rejected an unsolicited proposal by rival The Weir Group PLC to merge, the company said in a brief message Wednesday to stock exchange regulators and shareholders.

  • April 16, 2014

    Energy Cos. Wary As Calif. Fracking Moratorium Gains Favor

    Hydraulic fracturing in California is at a crossroads, as mounting pressure from citizens and environmental groups pushes lawmakers toward a moratorium that would dismantle a new regulatory framework that allows energy developers to continue working, clouding the future of projects around the state.

  • April 16, 2014

    Saudi Co.'s Bribery Suit Shouldn't Be In NY, Swiss Bank Says

    Private Swiss bank Pictet & Cie on Wednesday sought to extinguish a Saudi Arabian oil investment company's lawsuit alleging it aided employees in a kickback scheme that cost it $350 million, saying the action clearly doesn’t belong in New York.

  • April 16, 2014

    Coal Plants See Sliver Of Hope In EPA Mercury Rule Win

    The D.C. Circuit's decision Tuesday to uphold the Obama administration's rule limiting mercury and other toxic emissions from coal- and oil-fired power plants is another blow to the coal industry, but experts say a judge's dissent over the administration brushing aside the rule's costs provides the roadmap for a likely industry appeal to the U.S. Supreme Court.

Expert Analysis

  • BLM Venting And Flaring Rule May Spur EPA Regs On Methane

    Luke D. Johnson

    While the Bureau of Land Management's venting and flaring rule may be focused on the government's possible loss of resources from the energy industry's use of public land, the U.S. Environmental Protection Agency can be expected to focus more directly on methane itself. Potential regulations emerging from recently-released EPA white papers should be on the industry's radar, whether suppliers are operating on federal land or not, says Luke Johnson of Brownstein Hyatt Farber Schreck LLP.

  • CFTC Data Will Be A Powerful Tool For FERC Enforcement

    Terry S. Arbit

    The Commodity Futures Trading Commission and the Federal Energy Regulatory Commission recently signed two long-awaited memoranda of understanding, the lower-profile information-sharing one, which provides FERC with “large trader data” in the CFTC’s possession, being the more significant. Regulators achieved a significant victory by including surveillance purposes in the memo — it was a long time coming and provides FERC with a potent tool for surveilling the natural gas and power markets, say attorneys at Norton Rose Fulbright.

  • Sweet Or Sour Development? EPA Tightens Tier 3 Gas Program

    Brenna K. Finn

    Gasoline sulfur levels have dropped up to 90 percent from the U.S. Environmental Protection Agency’s Tier 2 Gasoline Sulfur Program, and the EPA's recently issued notice for the Tier 3 Program will further reduce gasoline sulfur content. However, it does not take much for a refinery to exceed the 10 ppm sulfur standard, and a stronger incentive may exist for refiners to generate and bank credits for their own future use, say Laura Riese and Brenna Finn of Davis Graham & Stubbs LLP.

  • Reading Between The Whistleblower Headlines

    Shanti Atkins

    The meteoric media rise of the “celebrity” whistleblower has shone a spotlight on the practice, with personalities such as Chelsea Manning and Edward Snowden dividing public opinion on the ethics of spilling secrets. But organizations should pay close attention to the surge in this trend beyond the headlines. Remember, whistleblowers don’t need to be popular to be effective, and opinions on their motives and morality are entirely secondary to the critical issues they potentially uncover, says Shanti Atkins of Navex Global.

  • Heartbleed Rains On The Legal Cloud Parade

    David Houlihan

    While the actual breaches are unknown, Heartbleed has the potential to expose all of a lawyer's files stored or transmitted online. The bug raises professional responsibility questions and offers confirmation of the greatest anxieties that the legal industry has about online practice. In fact, the timing is poor for many legal tech providers, following a general industry warming to cloud offerings, says David Houlihan of Blue Hill Research Inc.

  • Inside Calif.'s De Facto Moratorium On Well Stimulation

    Michael N. Mills

    California's SB 4 requires the state's Division of Oil, Gas & Geothermal Resources to develop a permitting scheme to regulate the use of well-stimulation practices, including hydraulic fracturing. However, the division's interim regulations have created more problems than they've solved and established a de facto moratorium that the state Legislature and governor rejected in 2013, say Michael Mills and Chelsea Huffman of Stoel Rives LLP.

  • India Is Moving In Right Direction On Int'l Arbitration

    Talat Ansari

    A 2012 Indian Supreme Court decision effectively reversed the trend of Indian courts’ judicial intervention in international arbitrations. A spate of judgments since then makes it apparent that Indian courts are adopting a less interfering role and are willing to enforce arbitration agreements between parties in accordance with the UNCITRAL model law and the New York Convention, say Talat Ansari and Ila Kapoor of Kelley Drye LLP.

  • Keep Your Audience From Checking Email: 5 Legal Talk Tips

    Michael H. Rubin

    Why do the majority of speakers get polite claps at the end of their talks while a few select others receive rousing applause? Having given more than 375 presentations to legal groups, bar associations, Fortune 500 companies and corporate gatherings, I’ve learned a few things about what not to do. Remember, great speakers don’t tell “war stories.” They don’t even give examples from their own practice, says Michael Rubin of McGlinchey Stafford PLLC.

  • FERC Clarifies Proceedings For Energy Carriers

    Albert S. Tablor Jr.

    The Federal Energy Regulatory Commission's recent rejection of a bid by Colonial Pipeline Co. should put to rest the debate among those who see regulatory differences between the duties of common carrier and contract carriers of pipelines. The line FERC has drawn between existing facilities and new construction provides some clarity to declaratory order proceedings in which nontraditional rate structures are sought for liquids pipelines, says Albert Tabor of Caldwell Boudreaux Lefler PLLC.

  • 6th Circ.'s Impact On EPA Review Of Source Modifications

    Stacie Fletcher

    The Sixth Circuit's ruling in United States v. DTE was the first on the U.S. Environmental Protection Agency's 2002 New Source Review program. While the decision recognized the EPA can bring enforcement actions absent postconstruction actual emissions data, a fair reading of the court indicates that enforcement without evidence of an actual increase in emissions should be limited, say Stacie Fletcher and David Fotouhi of Gibson Dunn & Crutcher LLP.