India signed a memorandum of understanding with a consortium of developers that will build the country's first ever offshore wind power plant within the prime minister's home state of Gujarat, India's press information bureau said Wednesday.
Oilfield services provider Baker Hughes Inc. said Wednesday it is now fully disclosing the chemicals used in its hydraulic fracturing operations, saying it has figured out a way to do so without compromising its trade secrets.
Enbridge Inc. on Tuesday boosted its capital growth plan to CA$44 billion ($39.4 billion) as it seeks to expand its robust liquids pipelines business while eyeing a diversified asset mix, despite hurdles such as permitting delays for the planned expansion of its cross-border Alberta Clipper pipeline.
Pipeline company Enterprise Products Partners LP said Wednesday that it has acquired a controlling stake in Oiltanking Partners LP and is proposing a merger with the Houston energy storage company, part of a two-step deal totaling near $6 billion intended to expand export capabilities.
An Arizona federal judge on Tuesday tossed a bid from several mining groups to open more than 1 million acres surrounding the Grand Canyon to uranium mining, ruling the U.S. Department of the Interior had adequately consulted with local governments before declaring the land off-limits to exploration.
Canadian oil company Bellatrix Exploration Ltd. on Tuesday signed a multiyear joint venture with an oil and gas company, whose investment firm owners have put up CA$250 million ($223 million) to develop Bellatrix's untapped land holdings after committing the same amount earlier this year.
The European Commission on Wednesday launched an investigation into Portugal's proposal to give Volkswagen Autoeuropa €36 million ($45 million) in public funds toward the development of a new car production method in the southwestern district of Setubal.
The powerful head of the New Jersey Senate told Law360 that he could support a constitutional amendment to expand casino gambling but that clashes over pension funding and finding money to support transportation infrastructure are among the most pressing concerns for his house in the coming months.
Joint venture partners Anschutz Entertainment Group Inc. and MGM Resorts International announced Wednesday that they had secured a loan to cover a large chunk of the $375 million price tag of a new Las Vegas arena.
Mountain Province Diamonds Inc. has raised CA$100 million ($89.3 million), part of which it will invest in the Gahcho Kue mine — the world’s largest diamond mine — the Toronto-based diamond exploration company said on Tuesday.
Venable LLP has bolstered its government contracts group by luring a former Squire Patton Boggs partner with expertise in defense contracts and public works projects to join its Washington, D.C., and northern Virginia offices, the firm said recently.
Samsung Renewable Energy Inc. and its project partner on Tuesday signed a 20-year power purchase deal with the Ontario Power Authority, which will draw 100 megawatts from the two companies' Belle River wind farm.
A coalition of nonprofit utilities on Monday urged the D.C. Circuit to reconsider its decision upholding the Federal Energy Regulatory Commission's controversial regional transmission planning rule, saying it will saddle them with costs for building and operating new transmission even if they don't use it.
Murphy Oil Corp. announced the sale of a large chunk of its Malaysian oil and gas portfolio on Tuesday to Indonesian state oil company PT Pertamina in a slated $2 billion deal as energy companies continue to flee the Asian market to concentrate on their U.S. operations.
An arm of energy-focused private equity firm Starwood Energy Group Global LLC has acquired the natural-gas combined-cycle electric-power-generating Quail Run Energy Center in Odessa, Texas, from affiliates of electric and gas utility giant Exelon Corp., Starwood said on Tuesday.
Impax Asset Management Group PLC said Tuesday that it has bolstered its renewable capacity in Finland by signing a finance arrangement to fund the rest of the construction of a €106 million ($133.8 million) wind farm and acquiring a separate, 27-megawatt wind farm.
The U.S. Department of Energy on Tuesday said it would provide up to $12.6 billion in loan guarantees for advanced nuclear energy projects, hoping to kickstart a nuclear industry that hasn’t built a new U.S. plant or reactor in over 35 years.
The Federal Energy Regulatory Commission on Monday said Dominion Resources Inc. could build and operate its $3.8 billion Cove Point liquefied natural gas export project in southern Maryland, the fourth LNG export project to receive the commission’s approval.
A pair of U.S. Senate Republicans on Monday pressed the Obama administration to ensure that foreign export credit agencies are providing financial backing to businesses in line with international obligations, holding the door open for a World Trade Organization case against offending nations.
I expect deal activity in the oilfield services sector to strengthen and remain robust over the next several years, primarily on the strength of shale oil and gas exploration, for several reasons, says Efren Acosta of Norton Rose Fulbright LLP.
While the Texas Railroad Commission's proposed changes to the way pipelines gain "common carrier" status have garnered attention, the rule will likely have a minimal effect on the ultimate determination of whether a given line is entitled to such status — that decision will remain with the courts, says Brannon Robertson of King & Spalding LLP.
In the last few years, certain governance-related issues pertaining to foreign investors — obtaining licenses and consents to conduct business and tax controversies — dented the image of India as a serious magnet for foreign investment. Now it may be going the other way, says Saionton Basu of Duane Morris LLP.
Investment treaties may be a highly important tool for foreign investors and industry associations in advocating against legislative changes to renewable energy regulations, say attorneys with Steptoe & Johnson LLP.
Rep. Rosa DeLauro has introduced legislation that would radically overhaul the review of foreign investment by the Committee on Foreign Investment in the United States, but given the late date on which the bill was introduced and its controversial scope, it is likely that the bill is intended to revive debate over the scope of CFIUS reviews, says Christopher Brewster of Stroock & Stroock & Lavan LLP.
The Texas Railroad Commission's proposed amendments for pipeline operators to obtain a T-4 permit will demand more information and feature an annual renewal, which could be particularly significant for common carriers since it will take time to develop proposed tariffs and put customer contracts in place once a project is announced, says Antroy Arreola of Locke Lord LLP.
Like "big data" and other effective software marketing buzzwords, “cloud” makes something that is very complex sound simple — and even friendly. Most attorneys are not prepared to dig into the distinctions between public, private and hybrid cloud models, or the niceties of how or where their data is transmitted and stored, says David Houlihan of Blue Hill Research Inc.
As more peer-to-peer commercial loan securitization transactions take place, the banks, bondholders and rating agencies involved will likely begin to expect more standardization of the loans themselves, as well as metrics for assessing risk on individual loans that are more quantifiable, standard and transparent, say John Timperio and Mary Bear of Dechert LLP.
Nothing makes an in-house counsel feel like they are being nickeled-and-dimed more than receiving a $3.50, stand-alone invoice. Forcing anyone to spend time on a $3.50 invoice is, quite frankly, just not cool, says Francis Drelling, in-house counsel at Specialty Restaurants Corp.
The flexibility and access to capital available through master limited partnerships and yieldcos should result in a meaningful increase in yield-oriented U.S. initial public offerings by international companies. Many companies, however, irrationally fear the U.S. Securities and Exchange Commission’s process for registration statement review, says Sean Wheeler of Latham & Watkins LLP.
The Federal Energy Regulatory Commission's proposed market-based rate revisions would streamline filing and clarify when procedures are relevant to different types of entities, which could materially reduce burdens and costs, say William Degrandis and Candice Castaneda of Paul Hastings LLP.