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