EnergyRSS

  • September 15, 2009

    Darling, Valero Plan Biodiesel Joint Venture

    Darling International Inc. and a subsidiary of Valero Energy Corp. are planning to form a joint venture to produce renewable diesel fuel from animal fats on a site adjacent to Valero's St. Charles refinery near Norco, La.

  • September 15, 2009

    TVA To Give $40M To County After Coal Ash Spill

    The Tennessee Valley Authority has established a $40 million fund for economic development of the locality where a billion-gallon coal ash spill from one of its plants occurred in December 2008, prompting the Environmental Protection Agency to conduct a wide-scale review of coal ash sites across the U.S.

  • September 14, 2009

    Asarco, BLM Land Exchange Violates NEPA: 9th Circ.

    A federal appeals court has reversed a lower court's ruling that approved the actions of the U.S Department of the Interior's Bureau of Land Management in its agreement with now-bankrupt Asarco LLC to exchange thousands of acres of land near an Arizona mining complex.

  • September 14, 2009

    Pacific Energy Gets OK To Abandon Alaska Assets

    Having failed to find a buyer for the unprofitable facilities, bankrupt Pacific Energy Resources Ltd. has won the right to abandon oil and gas production assets near Alaska's Cook Inlet — despite opposition from government regulators over potential environmental liabilities.

  • September 14, 2009

    Chevron, Partners Approve $43B Gorgon Project

    Australia's massive $43 billion Gorgon energy project has finally taken off, now that the three joint venture partners — Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC — have given their final investment approval.

  • September 14, 2009

    Noble Energy To Sell $600M In North Sea Interests

    Noble Energy Inc. may soon be sailing out of the North Sea, having put its European subsidiary on the market in an effort to divest assets some analysts have valued at $600 million.

  • September 14, 2009

    Continental Resources Unveils $300M Debt Offering

    Oil and gas company Continental Resources Inc. intends to offer $300 million in aggregate principal amount of senior unsecured notes in a private placement to eligible purchasers, the company announced Monday.

  • September 14, 2009

    Fuel Dealers Seek $55M Payment In $1B Exxon Deal

    Attorneys representing a class of about 12,000 motor fuel dealers that won a $1.075 billion settlement in a breach of contract suit against Exxon Corp. over alleged wholesale overcharges are pressing the court to speed up distribution of about $55 million to the plaintiffs.

  • September 11, 2009

    Former White House Counsel Lands At Jenner & Block

    Kenneth Lee, former associate counsel to President George W. Bush, has left Washington for Los Angeles to join Jenner & Block LLP as a partner.

  • September 11, 2009

    Wis. Court Rehooks Alliant In Stray Voltage Suit

    A Wisconsin appeals court has reinstated negligence claims against utility holding company Alliant Energy Corp., reversing a lower court decision that dismissed Alliant from a stray voltage suit based on evidence that a subsidiary, and not Alliant, had provided electrical service to a dairy farm that allegedly damaged the herd.

  • September 11, 2009

    GE Wind Sues Customs Over Turbine Rotor Duties

    General Electric Wind Energy LLC has sued U.S. Customs and Border Protection, accusing the agency of levying an improperly high tariff on its 77-meter wind turbine blades because of a misclassification of the product in the tariff schedule.

  • September 11, 2009

    Natural Resource Inks $255M Deal For Coal Reserves

    Natural Resource Partners LP, which owns and manages mineral reserves across the U.S., has signed an agreement to acquire 200 million tons of coal reserves in Illinois for $255 million, the company said Thursday.

  • September 11, 2009

    Judge Won't Toss Pentair, Wicor Deal Dispute

    A federal judge has refused to dismiss a dispute related to Pentair Inc.'s acquisition of Wicor Inc., a subsidiary of Wisconsin Energy Corp., over whether the parent breached the stock purchase agreement and misrepresented in a warranty the money available for Wicor's workers' compensation reserve.

  • September 11, 2009

    Seafood Cos.’ Suit Over Exxon Valdez Deal Stayed

    A lawsuit filed by seafood processors against Exxon Mobil Corp. over the interest rate for a settlement related to the 1989 Exxon Valdez oil spill has been stayed pending the end of connected state court litigation, in the latest development in a long-running fight.

  • September 11, 2009

    TXCO Gets OK To Transfer Oil Exploration Rights

    A judge has approved bankrupt oil company TXCO Resources Inc.'s bid to transfer oil exploration and production rights in three Texas counties to Redemption Oil & Gas LLC, the company having quelled the fears of a group of mineral lien holders who had objected to the transfer.

  • September 10, 2009

    Vinson & Elkins Advises FMC On $120M Energy Deal

    FMC Technologies Inc. plans to buy Direct Drive Systems for about $120 million, in a deal the energy technology services company expects to close in the fourth quarter of 2009.

  • September 10, 2009

    Groups Lose Bid For TRO On Alberta Clipper Pipeline

    The Sierra Club and other environmentalists opposed to construction of the Alberta Clipper pipeline from Canada to Wisconsin have lost an attempt to get work on the project halted temporarily.

  • September 10, 2009

    Fasken Martineau Lands 6 Energy Experts In London

    Canada-based international law firm Fasken Martineau DuMoulin LLP has added six senior lawyers from London-based Howard Kennedy with global expertise in energy and mining projects — as well as aviation, insurance, international trade and arbitration — to its London offices.

  • September 10, 2009

    Chevron Inks $60B In LNG Deals For Gorgon Project

    Chevron Corp.'s Australian arm has locked down long-term sales and purchase agreements with three Asian companies to provide 3 million tons per year of liquefied natural gas from the energy giant's stake in the massive $50 billion Gorgon development off of Barrow Island in Australia.

  • September 9, 2009

    Injunction Bid Rejected In PetroMed Investors' Suit

    A federal judge has rejected a request from investors for a preliminary injunction barring asset transfers from oil and gas exploration startup PetroMed Corp. and its various affiliates, saying that investors may be better off if the companies can use the assets — mainly Israeli drilling licenses — to generate returns.