• October 23, 2014

    Westlake Chemical To Invest $330M In Louisiana Plant

    Westlake Chemical Corp. is spending more than $330 million to expand its ethylene production in southwest Louisiana, the company and Gov. Bobby Jindal announced Thursday.

  • October 23, 2014

    2nd Circ. Sinks Iraqis’ Alien Tort Suit Against Chevron, BNP

    The Second Circuit on Thursday affirmed a lower court's ruling tossing five Iraqi nationals' attempt to sue Chevron Corp. and BNP Paribas SA for allegedly financially supporting Saddam Hussein's regime in Iraq, saying the plaintiffs failed to connect the companies' actions with Hussein's human rights violations.

  • October 23, 2014

    Alabama Hotel Project A Misuse Of BP Funds, Suit Alleges

    A Louisiana environmental group filed a complaint in D.C. federal court on Thursday alleging that the U.S. Environmental Protection Agency and three government departments wrongly diverted $58.5 million meant to remedy damage from the Deepwater Horizon oil spill to help build a convention center and hotel on the Alabama coast.

  • October 23, 2014

    Conex Trustee Fails In $2.6M Tax Suit Against Parent Co.

    A Delaware bankruptcy judge on Thursday dismissed a complaint brought by the Chapter 7 trustee for bankrupt oil services contractor Conex International LLC seeking to recover $2.6 million from its parent CopperCom Inc. over its allegedly improper use of Conex's net operating losses for its own tax benefit.

  • October 23, 2014

    Deals Rumor Mill: Deutsche Telekom, EnCap, Farrow & Ball

    Deutsche Telekom is seeking new parties to step up and make offers for its majority stake in U.S. wireless provider T-Mobile U.S. Inc., just months after rejecting Iliad SA's $15 billion bid, while EnCap Investments LP is looking to raise $5 billion for a new energy fund.

  • October 23, 2014

    SolarCity Launches $200M Public Solar Bond Offering

    SolarCity Inc. is aiming to raise up to $200 million from the launch of what it says is the first ever public solar bond offering, as the company continues several financing efforts to fund its solar panel installations.

  • October 23, 2014

    Southern Co., First Solar Ink $508M Deal For Calif. Plant

    Southern Co. subsidiary Southern Power will pay First Solar Inc. $508 million to acquire a 150-megawatt solar facility that will generate enough electricity to power more than 60,000 homes once it is completed, the company said Thursday.

  • October 23, 2014

    Chevron, BP Find Deep-Water Oil In Gulf Of Mexico

    Chevron Corp. and BP plc together found a new deep-water oil deposit in the Gulf of Mexico's Guadalupe prospect, the two petroleum giants said in Thursday announcements.

  • October 23, 2014

    Ecuadoreans Take Chevron To International Criminal Court

    Rainforest communities in Ecuador have asked the International Criminal Court in the Hague to investigate alleged efforts by Chevron Corp. chief John Watson to obstruct court-ordered cleanup of toxic contamination in the Amazon, calling the company’s delays an attack on a civilian population, the advocacy group Amazon Watch said Thursday.

  • October 23, 2014

    Market Rumors: China Grand Auto, ACS, TLG Immobilien

    TPG-backed China Grand Auto slammed the breaks on its $800 million Hong Kong listing, while Spanish builder ACS also delayed plans to list its $4 billion package of renewable energy assets.

  • October 23, 2014

    NJ Lawmakers Back Challenge To Cap-And-Trade Repeal

    Lawmakers in both houses of the New Jersey Legislature on Thursday advanced a measure challenging a move by Gov. Chris Christie's administration to repeal cap-and-trade regulations tied to the state's former participation in a regional greenhouse-gas reduction pact.

  • October 23, 2014

    Cuomo Says No Fracking Decision Until At Least End Of 2014

    New York Gov. Andrew Cuomo on Wednesday did little to clear up the murky future of hydraulic fracturing in the state, insisting that he will wait until at least the end of the year to make a decision about whether to support or oppose it.

  • October 23, 2014

    5th Circ. Can't Review State Court Energy Suit: Investor

    The Fifth Circuit can’t overturn the dismissal of a suit brought by a group of oil and gas development companies alleging a Texas investor and her lawyer improperly tried to seize the businesses to satisfy a $31 million arbitration award, because the federal court cannot review a final state court decision, the investor said Tuesday.

  • October 23, 2014

    EPA Permits Some Confidentiality In Final GHG Reporting Plan

    The U.S. Environmental Protection Agency on Thursday finalized changes to its greenhouse gas reporting program that allow some emissions information to remain confidential, after companies said the information could expose trade secrets.

  • October 23, 2014

    NY Aims To Go Green With $800M In Clean Energy Projects

    New York's Green Bank, a $1 billion renewable energy lending program, has reached agreements with several banks and private investors to put upward of $800 million toward the financing of seven clean energy projects, Gov. Andrew Cuomo said on Wednesday.

  • October 23, 2014

    Dechert Reps PE-Backed Aqua Terra In Permian Basin Deal

    Private-equity backed Aqua Terra Water Management LP said Thursday that it will acquire two saltwater disposal facilities in Texas and a permit for a third in a deal advised on by Dechert LLP.

  • October 23, 2014

    Phillips 66 MLP Pays $340M For Rail, Pipeline Assets

    Houston-based Phillips 66 Co. is selling two newly constructed crude oil rail terminals and portions of a refined products pipeline to the master limited partnership it controls for $340 million, the MLP said Wednesday.

  • October 23, 2014

    Sky Solar Details $140M IPO To Fund Energy Projects

    Chinese renewable energy provider Sky Solar Holdings Ltd. tailored its plans for a U.S. initial public offering Wednesday evening, setting terms to raise roughly $140 million for construction of shovel-ready solar projects in Japan and Latin America.

  • October 22, 2014

    Exxon Says Free Speech Right Nixes Worker's Defamation Suit

    ExxonMobil Pipeline Co. on Wednesday asked a Texas appellate court to throw out a fired employee’s defamation suit under a state free speech law, arguing that an internal conversation between the man’s supervisors was protected speech.

  • October 22, 2014

    Boart To Recapitalize Under Deal With Centerbridge

    Distressed Australian oil drilling services provider Boart Longyear Ltd. on Wednesday announced a restructuring led by its largest shareholder, Centerbridge Partners LP, that will deleverage its balance sheet by $120 million and loosen the terms of its short-term financing.

Expert Analysis

  • 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.

  • How Research Efficiency Impacts Law Firm Profitability

    David Houlihan

    For a law firm, excess time dedicated to legal research generates waste, either in the form of artificially reduced billable hours or, particularly in flat or contingency fee projects, as overhead eroding the profitability of legal work. By measuring five factors, firms will begin to understand their own opportunities for improving profits, says David Houlihan of Blue Hill Research Inc.

  • Be Wary Of Inadvertent Waivers In Contamination Claims

    Richard F. Ricci

    A New Jersey appellate court's ruling in Favorito v. Puritan Oil Company Inc. provides valuable lessons in how to — and how not to — prosecute claims for damages based on contamination migrating from one property to another, say Richard Ricci and Nikki Adame Winningham of Lowenstein Sandler LLP.

  • In A Dangerous World, Energy Cos. Should Look To SAFETY

    Scott A. Freling

    Critical U.S. energy infrastructure is a natural fit for protection under the Support Anti-terrorism by Fostering Effective Technologies Act, and operators should take a cue from the transportation, real estate and entertainment industries and examine whether the law might offer an additional layer of financial protection, says Scott Freling of Covington & Burling LLP.

  • Texas High Court May Have Remade Utility Ratemaking

    Dane McKaughan

    Two takeaways from the Texas Supreme Court's unanimous opinion in Texas Coast Utilities Coalition v. Railroad Commission of Texas are the commission's broad new authority to adopt formula rates and the potential for the court's analysis to apply to the Public Utility Commission's adoption of formula rates for electric utilities, says Dane McKaughan of Greenberg Traurig LLP.