Oil pipeline builder Michels Corp. had no obligation to keep contributing to a union pension fund after the expiration of a collective bargaining agreement, during a period before a new long-term agreement was reached, the Seventh Circuit said Thursday, overturning the judgment of a federal district judge.
Chevron Corp. settled with legal consulting firm H5 on Wednesday, getting the firm to withdraw its support from litigation against Chevron in Ecuador and assign its entire 1.25 percent interest in a disputed $9.5 billion pollution-related judgment to the energy giant.
Pennsylvania’s attorney general and acting consumer advocate on Wednesday asked the state’s Public Utilities Commission to sanction Blue Pilot Energy LLC for filing incomplete responses and improper and untimely objections to discovery requests in a suit over deceptive customer price hikes.
Patriot Coal Corp. and the union representing its miners have agreed to terms on a new collective bargaining agreement, officials confirmed Thursday, helping move along a proposed sale of the company's assets to Blackhawk Mining LLC and averting a potential court showdown with its workers.
The Fifth Circuit on Thursday again upheld a $25.4 million victory for oil field operator Cox Operating LLC in a coverage suit for damage from Hurricane Katrina, denying a bid for rehearing by an insurer who claimed Texas insurance law was misapplied by the lower court in calculating penalty interest.
The family of a drilling rig worker killed on the job urged the Texas Supreme Court on Thursday to reinstate a nearly $72 million judgment against two insurance carriers, saying they should be on the hook for a default trial judgment against the drilling company.
The Mississippi Supreme Court ruled against the survivors of a fatal gas explosion Thursday by finding that companies that manufacture, distribute and use an artificial odor mixed with natural gas were not negligent in failing to warn that the smell can fade during underground gas leaks.
Akin Gump Strauss Hauer & Feld LLP on Thursday announced that it has launched a cross-practice, multioffice initiative devoted to advising clients on various matters related to Cuba, and has hired a noted international relations professional with significant experience in U.S.-Cuba affairs as a senior adviser to further the new effort.
New York law doesn’t let Costco Wholesale Corp. get refunds for taxes it paid on utilities consumed by its commercial pan washers, even though the washers are used to clean and sanitize kitchen equipment later used to produce goods sold in its stores, a state tax court has ruled.
A unit of El Paso Corp. urged the Delaware Chancery Court on Thursday to throw out derivative claims over a $1.9 billion gas pipeline deal, for which the court already found it liable for paying $171 million too much, arguing the suing investor no longer has standing in the case.
From the extension of a financial lifeline for the U.S. wind industry to the end of a decades-old ban on crude oil exports, there's plenty of significant energy-related legislation that will get action when Congress returns to the Hill on Tuesday, especially since all legislative bets are off once the calendar turns to 2016 and brings the presidential election with it. Here are the bills worth keeping an eye on this fall.
Prospective jurors in the soon-to-open criminal trial of former Massey Energy Co. CEO Don Blankenship face granular questions about their feelings toward coal mining companies and their relationships to people who have been killed in coal mines, according to a questionnaire filed Thursday.
Federal prosecutors on Thursday charged the founders of a failed Pennsylvania green energy company with running a $54.5 million Ponzi scheme and selling bogus securities to unlucky investors.
EV Energy Partners LP said Thursday that it has entered into four separate agreements with EnerVest Institutional Partnerships to purchase oil and natural gas properties in Pennsylvania, Ohio, Michigan and elsewhere for $259 million.
The U.S. Department of Commerce has issued a preliminary determination that two Korean producers of large power transformers have been dumping their wares in the U.S., according to a notice on Thursday.
Washington state, an advocacy group and a union sued the U.S. Department of Energy and its Hanford nuclear site contractor in Washington federal court Wednesday, claiming the department has not done enough to protect workers from harmful vapors at the nuclear and toxic waste site.
An environmental group on Wednesday asked the Federal Energy Regulatory Commission to consider independent review of a $971 million gas pipeline project it approved in March, saying that the agency ignored serious risks associated with the nearby Indian Point nuclear facility in New York.
Zurich American Insurance Co. on Wednesday leveled a suit against Pioneer Natural Resources USA Inc. in Texas federal court, seeking declaratory judgment that it owes no duty to defend or indemnify the company for damage allegedly caused by an oil drill that caught fire and destroyed 1,200 acres.
A Texas federal court Tuesday vacated the U.S. Fish and Wildlife Service’s rule listing the lesser prairie chicken as a threatened species, saying the agency did not adequately evaluate conservation efforts being implemented by several states when it listed the bird.
The Tenth Circuit on Wednesday overturned sanctions against an oil and gas company’s in-house counsel for failing to turn over insurance information in response to a securities claim, finding the attorney is not responsible for his outside counsel’s negligence.
Though no longer one of the Clean Power Plan's "building blocks," demand-side energy-efficient programs will likely still be used by the states when they craft their compliance plans for the U.S. Environmental Protection Agency's final rule. The appliance and equipment industry stands to benefit from increased sales resulting from such measures, says John Hodges of Harris Wiltshire & Grannis LLP.
Now that a federal judge in Erica P. John Fund Inc. v. Halliburton Co. has established the importance of proving stock price response for class certification, a statistical examination of “price impact” is in order. An analysis of Rule 10b-5 cases filed since the U.S. Supreme Court ruling in the case last year shows the tricky interrelationship between share price movements and disclosures, says Stephen Christophe, professor of fin... (continued)
In contrast to routine litigation, crises — such as environmental disasters, violent criminal or terrorist acts, explosions, corporate scandals or computer crimes — involve issues and follow timelines that are difficult to foresee. Even though every crisis is unique, there are 10 steps you can take to help mitigate damage and stabilize the situation, say Otway Denny and Jessica Farley of Norton Rose Fulbright US LLP.
Native American tribes have a long history of partnering with private enterprises, including developers and lenders, to develop gaming facilities, energy generation facilities and other projects on tribal lands, but these opportunities come with their own unique considerations, say attorneys at Latham & Watkins LLP.
On Aug. 6, 2014, the United States and the European Union implemented various sanctions targeting the Russian energy sector’s ability to develop long-term exploration and production projects. The addition of a Gazprom oilfield to the U.S. sanctions list on Aug. 7, 2015, shows that Russian energy sanctions continue to evolve with no clear end in sight, say attorneys at Akin Gump Strauss Hauer & Feld LLP.
Not only have oil and gas operators utterly lost the ability to secure drilling permits to develop shale assets in New York due to a statewide ban, but now the New York Court of Appeals and Second Circuit have compounded this injury by affirming the termination of state oil and gas leases at the expiration of their primary term, says Yvonne Hennessey of Barclay Damon LLP.
Earlier this year, Delaware Vice Chancellor J. Travis Laster, in the El Paso case, concluded that a subsidiary master limited partnership’s conflicts committee had failed to satisfy even a subjective good-faith standard when approving “dropdowns.” In a recent, similar case involving Kinder Morgan, the pendulum swung the other way but with an obvious takeaway, say Ethan Klingsberg and Christopher Austin of Cleary Gottlieb Steen & Hamilton LLP.
After many years of waning significance, the Public Utility Regulatory Policies Act of 1978 has reignited as a useful tool for renewable energy and cogeneration project developers. But before negotiating a power purchase agreement of any type, developers, lenders and investors should understand their rights under PURPA, says Daniel Simon at Stroock & Stroock & Lavan LLP.
While the U.S. Environmental Protection Agency's proposed rule for methane emissions has received the bulk of media attention, another proposed rule on the aggregation of multiple surface sites into a single source for air-quality permitting purposes may have as much or more of a direct impact on oil and gas operations, say attorneys at Jackson Walker LLP.
Administrative Law Judge Carmen Cintron relied heavily on Federal Energy Regulatory Commission v. Barclays Bank PLC as support for her holding that BP PLC engaged in the manipulation of Texas' natural gas market in 2008, dismissing BP's contention that relying on the Barclays case is inappropriate because a federal court is reviewing the case de novo, say attorneys at Cadwalader Wickersham & Taft LLP.