Energy

  • August 25, 2014

    Lockheed Martin Buys Energy Storage Co. Sun Catalytix

    Lockheed Martin Corp. has purchased energy storage and renewable fuels technology company Sun Catalytix Corp. for an undisclosed amount, Lockheed said Monday.

  • August 25, 2014

    Dealmakers Q&A: Husch Blackwell's Steve Carman

    Power is going to be generated at smaller facilities that are more distant from the ultimate point of use. That will have a significant impact on the country’s infrastructure needs, the way in which infrastructure is financed, and the role of the traditional utility, says Steve Carman, leader of Husch Blackwell LLP's energy and natural resources practice.

  • August 22, 2014

    Attys' Fees Too High In Valdez Suit, Alaska High Court Says

    Alaska’s highest court on Friday vacated attorneys’ fees awarded to ExxonMobil Corp. in a dispute over a settlement agreement related to compensation for the Exxon Valdez oil spill, ruling a lower court must adjust the fee award to reflect local billing rates.

  • August 22, 2014

    Argentina Renews Bid To Undo $185M Arbitration At High Court

    Argentina has asked the U.S. Supreme Court to take another look at the long and winding litigation surrounding a $185 million arbitration award to BG Group PLC over a botched investment in an Argentine gas distributor, asserting that the tribunal blatantly ignored legal principles that would have altered its decision.

  • August 22, 2014

    EFH Committee Tasked With Keeping Fees Under Control

    A watchdog committee will monitor fee requests coming from the army of lawyers in Energy Future Holdings Corp.'s bankruptcy, according to court papers filed Thursday.

  • August 22, 2014

    Foreign Investors Ask High Court To Revive EnerMax Suit

    Foreign investors claiming defunct oil exploration company EnerMax stole millions of dollars from them through a joint-venture scheme told the U.S. Supreme Court in a brief made public Friday that the Fifth Circuit wrongly upheld a district judge's dismissal of their case.

  • August 22, 2014

    Texas High Court To Weigh Shell FCPA Defamation Suit

    The Texas Supreme Court on Friday agreed to hear Shell Oil Co.’s argument it shouldn’t have to face defamation charges from a former employee the company reported to federal authorities as potentially responsible for a Foreign Corrupt Practices Act violation at a Nigerian oil and gas project.

  • August 22, 2014

    Rosneft To Take Reported $1B Stake In Drilling Co. NADL

    Russian state-owned oil giant OAO Rosneft will acquire a roughly 30 percent stake reported to be worth about $1 billion in offshore harsh environment drilling company North Atlantic Drilling Ltd. in exchange for about 150 land drilling rigs and cash, the companies said on Friday.

  • August 22, 2014

    Taxation With Representation: Fried Frank, Bingham, Bracewell

    In this week's Taxation With Representation, Bracewell & Giuliani helps Duke Energy unload its Midwest generation and retail businesses for $2.8 billion, and Fried Frank helps California-based International Rectifier get snatched up by German semiconductor giant Infineon Technologies.

  • August 22, 2014

    FERC Gains Upper Hand In Regional Power Planning Fights

    With the D.C. Circuit backing the Federal Energy Regulatory Commission's controversial regional transmission planning rule, the legal battlefield shifts to its implementation, but experts say the appeals court's sweeping ruling will make it tougher for incumbent utilities and state regulators to fight an emboldened commission's decisions on whether plans pass muster.

  • August 22, 2014

    Deals Rumor Mill: BP, RWE Group, Avolon Holdings

    BP plans to spend $9.3 billion over the next decade to expand its filling station network and develop oil and gas projects in Australia, while Germany's economy ministry is expected to approve the sale of electric utilities company RWE Group's oil and gas business to a group of Russian investors led by billionaire Mikhail Fridman.

  • August 22, 2014

    Texas Justices Will Hear K&L Gates Drilling Data Dispute

    The Texas Supreme Court agreed Friday to hear an oil and gas company's argument that K&L Gates LLP shouldn't be allowed to access its trade secret reserve data for a drilling project in discovery in a malpractice suit between the firm and a business partner in the project.

  • August 22, 2014

    Texas High Court Takes Up Fracking Defamation Fight

    The Texas Supreme Court on Friday agreed to hear Range Resources Corp.'s petition to reverse a decision throwing out the bulk of its defamation claims against Texas homeowners who alleged fracking contaminated their water, as well as the homeowners’ petition to toss the entire case.

  • August 22, 2014

    Fight Over $825M Longview Insurance Policy Gets 2nd Look

    Coal plant operator Longview Power LLC will appear before a Delaware bankruptcy judge on Monday to urge the judge to reconsider his decision earlier this month that a coverage dispute over an $825 million policy is not a core proceeding in the company's Chapter 11. 

  • August 22, 2014

    Six Months On, US Cos. Feeling Might Of Russian Sanctions

    After nearly six months of Western powers steadily tightening their grasp on Russia for its role in the Ukrainian crisis, experts say the novel structure and implementation of sanctions have led firms operating in the Russian energy and financial sectors to be overly cautious in their compliance efforts.

  • August 22, 2014

    Energy Co. Loses Damages Appeal In Microcap Fraud Suit

    An oil and gas company can't recover damages from a broker-dealer and an individual it alleged were involved in a microcap stock manipulation scheme that caused it to lose $7 million, a California appeals court ruled Friday, upholding a lower court's ruling axing a jury verdict in the case.

  • August 22, 2014

    US Steel Producers Win Duties On Oil Pipe From 6 Countries

    The U.S. International Trade Commission on Friday cleared the way for hefty tariffs on imports of steel pipe used in oil wells from six nations that are being sold in the U.S. at unfairly low prices after finding that the products are posing threat to domestic producers.

  • August 22, 2014

    Texas High Court Lets $125M Tenaska Judgment Stand

    The Texas Supreme Court declined Friday to review its reversal of a $125 million judgment against Tenaska Energy Inc. over the soured sale of a power plant, after Ponderosa Pine Energy LLC argued that Tenaska had waived its right to contest the judgment.

  • August 22, 2014

    Plains All American Partners With Valero On $900M Pipeline

    Plains All American Pipeline LP said Thursday that it will partner up with Valero Energy Corp. to construct a 440-mile, 20-inch crude oil pipeline for the roughly $900 million Diamond Pipeline project, which will provide up to 200,000 barrels per day of domestic sweet crude oil.

  • August 22, 2014

    Texas High Court Snubs ETP Appeal Of $162M Gas Valuation

    The Texas Supreme Court on Friday refused to hear an appeal from an Energy Transfer Partners LP subsidiary trying to avoid coughing up property taxes on a disputed $162 million appraisal of natural gas it stored in Harris County.

Expert Analysis

  • Speculating On Wyden's Tax Reform Priorities

    Mary Burke Baker

    The tax reform measures that Sen. Ron Wyden has previously introduced provide the best insights into how he may approach tax reform as chairman of the Senate Finance Committee — and past measures signal a sharp reduction in the corporate top rate, curtailment of "loopholes" and major changes for energy tax breaks, say attorneys with K&L Gates LLP.

  • Opportunities In Russia's Renewable Energy Program

    Alex Blomfield

    For corporate lawyers, Russia’s renewable energy incentive program may provide opportunities given significant need among Russian companies to establish joint ventures and their inexperience with successfully and cost-effectively executing renewable energy projects, say Alex Blomfield and Alexandra Rotar of King & Spalding LLP.

  • Trial-Ready In 180 Days: Prepare For SDNY's Rocket Docket

    Isaac S. Greaney

    A growing trend in the Southern District of New York akin to a sua sponte rocket docket can provide defendants with an opportunity to set the tone of discovery and shift the burden and risks of the schedule to their adversaries, say Isaac Greaney and Jackie Lu of Sidley Austin LLP.

  • Wind River Reservation May Shape Tribal CAA Jurisdiction

    Bart J. Freedman

    Public and private entities, including the state of Wyoming, have raised an issue of first impression as to whether the U.S. Environmental Protection Agency has the authority to determine an Indian reservation's boundaries under the Clean Air Act — the result could lead to a departure from established regulatory principles and should be of interest to entities operating on or near reservations, say attorneys at K&L Gates LLP.

  • 5 Takeaways From Latest US Sanctions Against Russian Cos.

    Alexandra Lopez-Casero

    The latest round of U.S. sanctions against Russia’s oil, natural gas and financial industries is a dramatic departure from how the United States has applied targeted sanctions in the past, and raises several questions, say Alexandra Lopez-Casero and D. Grayson Yeargin of Nixon Peabody LLP.

  • Class Certification In A Post-Halliburton II World

    Mark I. Gross

    After the U.S. Supreme Court's ruling in Halliburton v. Erica P. John Fund Inc., the landscape for securities fraud class actions has been altered with the addition of price impact to analysis, which will certainly keep testifying experts busy for the foreseeable future, says Marc Gross of Pomerantz LLP.

  • Powerful Tools For Discovery And Litigation Strategy

    Nathalie Hofman

    Analytics offer opportunities for refining both discovery strategy and overall litigation strategy by providing information to support better informed decisions. As an added bonus, they can result in significant cost savings, say Nathalie Hofman and Carolyn Southerland of Huron Consulting Group Inc.

  • Texas High Court Provides Certainty Over O&G Operations

    Stephanie E. Kinzel-Tapper

    The Texas Supreme Court's recent ruling in Marcia Fuller French v. Occidental Permian Ltd. upheld the settled expectations of parties to oil and gas leases and confirmed they apply even with respect to enhanced recovery operations — welcome news to lessors with such operations, say Stephanie Kinzel-Tapper and Carter Williams of Sutherland Asbill & Brennan LLP.

  • Ralls Ruling Could Open Door To Other CFIUS Challenges

    Farhad Jalinous

    Companies have long been hesitant to challenge the Committee on Foreign Investment in the United States because of the broad discretion given to the executive branch on issues of national security, but the D.C. Circuit ruling in Ralls Corp.’s suit against the committee calls into question the breadth of CFIUS’ authority, say attorneys with Kaye Scholer LLP.

  • Mild Financial Fallout From Uganda Anti-Homosexuality Act

    Stephanie Keene

    Despite the withholding of funds by many Western donors and initial suspicions that foreign investors might boycott Uganda in response to the Anti-Homosexuality Act, the broader economic implications of the act appear to be less significant, say attorneys at Covington & Burling LLP.