Tall Oak Midstream LLC said Thursday it is launching its second midstream company — again teaming up with private equity firm EnCap Flatrock Midstream, which put in an initial $300 million equity commitment — bringing the total financing for Tall Oak's two midstream companies to $850 million.
Studies released this week by federal and state geologists linking oil and gas drilling to an increase in earthquakes will provide more ammunition for plaintiffs in lawsuits over wastewater injection wells cited as the likely culprit and for regulators to impose tighter restrictions on those wells, experts say.
The U.S. Bureau of Indian Affairs on Friday told a federal judge the Flathead Joint Board of Control’s lawsuit over who controls a tribal irrigation project in Montana can be dismissed before any discovery is conducted because that process wouldn’t yield anything essential.
BP PLC will sell its share of a North Sea natural gas pipeline to the line’s majority owner for £324 million ($492 million), the company announced on Thursday, in a move aimed at ensuring the infrastructure’s longevity.
A California Native American tribe is installing a first-of-its-kind 35 kW multi-renewable energy microgrid utilizing wind energy, solar energy and an advanced energy storage system in Loleta, California, JLM Energy Inc said Friday.
A New Jersey judge made clear Friday that he wouldn't rule on the New Jersey Sports and Exposition Authority's key justification for redacting documents related to the Izod Center's closing, in a lawmaker's suit for access to those documents.
The Federal Railroad Administration has promised New York nearly $1 billion to update train lines running into Long Island and the suburbs north of New York City in an effort to prevent accidents like the one in the Bronx that killed four people in 2013, Gov. Andrew Cuomo announced Friday.
Shintech Inc. said on Thursday that it will build a $1.4 billion ethylene production plant in Plaquemine, Louisiana; the first ethylene plant to be built in the United States by a Japanese chemical company.
In this week's roundup of deal makers on the move, Paul Hastings LLP snagged a pair of private equity and mergers and acquisitions pros in Hong Kong, while both King & Spalding LLP and Baker & McKenzie LLP beefed up their Singapore offices with an energy and project finance whiz and an M&A pro, respectively.
Sempra U.S. Gas & Power LLC said Thursday it has acquired a 78-megawatt wind project in central Minnesota from Geronimo Energy LLC for an undisclosed amount.
A California federal judge agreed on Thursday to allow an American International Group Inc. unit to arbitrate a coverage dispute with clients involved in a contract suit with the city of Los Angeles over a $250 million project at Los Angeles International Airport, dismissing claims that the insurer’s arbitration clause was unenforceable.
Over 150 lawmakers urged the U.S. Department of the Interior's head to vastly increase the amount of oil and gas drilling permitted along the nation’s coastline, saying in a letter Thursday that the Obama administration’s current proposal to open up drilling in the Atlantic is “disingenuous.”
A Wyoming federal judge Wednesday said North Dakota can join Wyoming's suit against the U.S. Department of the Interior over claims the agency's recently finalized rules regulating hydraulic fracturing on federal and tribal lands exceed its authority and infringe existing state regulations.
A Houston jury on Thursday found that Energy Transfer Partners LP breached its contract with Enterprise Products Partners LP when it lowered pressure on a Texas pipeline to below a usable level, but stopped short of finding that the breach amounted to an eviction from the line, awarding $2.2 million of the $21 million sought by Enterprise.
A North Carolina federal judge reportedly issued what could be a key ruling Wednesday in a dispute in which aluminum giant Alcoa Inc. seeks to prove it owns the riverbed beneath four hydroelectric dams, saying the rivers weren’t navigable when the United States was born.
Japan Petroleum Exploration Co. Ltd. and Mitsui & Co. Ltd. have established a new power company that will build a 1.2-gigawatt natural gas power plant in Japan's Fukushima prefecture, Japex said Thursday.
Chilean copper mining group Antofagasta PLC announced Thursday it would sell its water division to Colombian utility Empresas Publicas de Medellin in a deal worth 596 billion Chilean pesos ($969 million).
Air Products and Chemicals Inc. and Saudi Arabia-based ACWA Holding Co. have announced that a joint venture between the companies was awarded a $2.1 billion contract from the Saudi Arabian Oil Co., or Saudi Aramco, to build and operate the world’s largest industrial gas complex.
Mayer Brown LLP has recruited a K&L Gates LLP partner experienced in advising energy-related deals and projects, with background in mergers and acquisitions, to bolster its Washington, D.C., banking and finance practice and global energy group, the firm announced recently.
A more unified North American energy "powerhouse" will help provide the U.S., Canada and Mexico with more opportunities to meet challenges by trading energy across borders in response to new demands, energy heads from all three countries said on Wednesday.
How should a natural gas company respond to a Federal Energy Regulatory Commission audit commencement letter? Should such a company consider self-reporting when it uncovers possible violations of its regulatory obligations? The answer depends on the facts, say attorneys at DLA Piper LLP.
Those of us living in California's newer neighborhoods are familiar with Mello-Roos — it shows up on our annual tax bills as a way to pay off bonds issued to finance various public improvements. Now a state appellate court ruling has potentially opened the door to use Mello-Roos financing for a variety of purposes — including the takeover of any private utility service, say Bradford Kuhn and Rick Rayl of Nossaman LLP.
The proposed acquisition of BG Group by Royal Dutch Shell highlights the importance of a thoughtful analysis of the impact of European competition law when considering a combination in the oil and gas industry. As a result of its extensive experience in the sector, the European Commission has developed a clear, detailed analytical framework to assess the competitive effects of such combinations, says Juan Rodriguez of Sullivan & Cromwell LLP.
Mozambique recently enacted a new hydrocarbons law, which aims to provide legal stability for international investors seeking to develop the country’s recently proven reserves of 200 trillion cubic feet of natural gas. Mayer Brown LLP’s Paulo Rage outlines the new law and the country’s hydrocarbons tax law, which together determine the general rules for all oil and gas operations.
While liquefied natural gas project structure varies significantly, there are commonalities to projects that contemplate ownership of, or interest in, one or more LNG trains being disproportionate across a project. This variation in ownership or interest may arise at the time of project inception or be the result of project expansion, says Kathryn Marietta of King & Spalding LLP.
California’s enhanced infrastructure financing districts are new and powerful tools that offer greater flexibility to raise funds and implement infrastructure or community revitalization projects. However, it remains to be seen how well multiple taxing entities will be able to work together to approve and implement specific projects, say Glenn Snyder and Matthew Valdez of Pillsbury Winthrop Shaw Pittman LLP.
The Eastern District of Virginia ― known as the “Rocket Docket” ― had the fastest trial docket in the country in 2014, for the seventh year in a row. The median time interval to trial was 12.5 months. That’s compared to a nationwide average of 24.9 months to try a case, says Robert Tata, managing partner of Hunton & Williams LLP's Norfolk, Virginia, office.
Created by the Federal Energy Regulatory Commission through Order No. 1000, competitive transmission is a key frontier as the nation confronts its long-term need for new energy infrastructure. It’s been almost four years since the order was issued and so far competitive transmission is working, say William Hollaway and Janine Durand of Gibson Dunn & Crutcher LLP.
If we were developing a system to determine legal fees from a clean slate, we would price our professional services according to quality, efficiency and results — tasks and team would be agreed upon. Instead, we have an hourly system that discourages tight management, can lead to padded bills and includes time for work that may not have been necessary, says Gerald Knapton of Ropers Majeski Kohn & Bentley PC.
The Federal Energy Regulatory Commission's recent approval of North American Electric Reliability Corp.'s proposal to remove the purchasing-selling entity function from its compliance registry and to no longer subject PSEs to compliance with mandatory reliability standards will bring some compliance relief to power traders and marketers, say attorneys at Reed Smith LLP.