A Texas House committee on Monday approved a bill that would prevent local governments from imposing regulations like the Denton fracking ban, one week after more than 100 people waited hours to testify during a hearing on the bill.
Law360's Rising Stars recognizes attorneys under 40 who have demonstrated outstanding career accomplishments. This year, King & Spalding LLP and Sidley Austin LLP led the pack with seven Rising Stars each, followed by Gibson Dunn and Sullivan & Cromwell LLP with six Rising Stars each, and Jones Day and Kirkland & Ellis LLP with five Rising Stars apiece.
The U.S. Coast Guard on Monday unveiled updated safety standards for newly constructed mobile offshore oil drilling units, floating outer continental shelf facilities and other vessels that engage in OCS activities.
Spanish gas and electricity utility Gas Natural SDG SA, better known as Gas Natural Fenosa, said Monday that it will sell for $550 million a 25 percent stake in its Global Power Generation spinoff to the Kuwait Investment Authority's infrastructure arm.
Russia, Egypt and Finland on Monday became the latest countries to announce their intentions to join the China-backed Asian Infrastructure Investment Bank, according to statements from China’s Ministry of Finance, following Australia and Denmark, which announced their intention to sign on this weekend.
Total SA said Monday that it has completed the sale of its stake in a Nigerian onshore oil lease to Nigerian firm Aiteo Eastern Exploration & Production for $569 million, in line with the Nigerian government’s goal of getting more domestic companies involved in the country’s oil sector.
State-owned Saudi Arabian Oil Co. said on Monday said that it had inked new, $10 billion loan agreement with a syndicate of 27 international commercial banks, a move that the world’s largest oil exporter says will help it maintain financial flexibility.
European private equity group Bridgepoint has closed its fifth European middle-market buyout fund after having raised €4 billion ($4.33 billion), the firm said Monday.
As California confronts severely dry conditions for the fourth year in a row, Gov. Jerry Brown on Friday signed a legislative package that will steer $1 billion in emergency funding toward drought relief and water infrastructure projects.
A Pennsylvania federal judge shot down a solar company’s unfair competition claim against a utility company that wouldn’t allow access to the power grid for electricity generated by solar power, saying Sunrise Energy LLC’s arguments came up short of the threshold for a claim.
The International Capital Market Association updated its voluntary guidelines on green bonds Friday, adding “climate change adaption” to categories of eligible projects as part of a broader refinement intended to clarify what projects should be considered "green."
A California appeals court refused Thursday to revive a citizen group's lawsuit claiming the city of Redlands violated the California Environmental Quality Act when it approved a shopping center anchored by a Wal-Mart Stores Inc. store, finding Redlands adequately considered the environmental consequences of the plan.
An allied group of Native American tribes with large geographic footprints, including the Navajo Nation and Oglala Sioux, pledged on Thursday to back each other’s efforts to develop natural resources on tribal lands and to build the necessary infrastructure to transport them.
Senate Minority Leader Harry Reid, D-Nev., said Friday he pushed for a faster review of certain visa applications related to a hotel and casino project, but a new report accusing Deputy Secretary of Homeland Security Alejandro Mayorkas, a former immigration agency head, of pulling strings on his behalf "came from a bunch of whiners."
Conservation groups accused the U.S. Fish and Wildlife Service of bowing to pressure from energy companies by denying Endangered Species Act protection to two wildflower species that live only on oil shale formations in Colorado and Utah, according to a lawsuit filed Thursday in Colorado federal court.
South Korea has become the latest country, and one of the first major regional players, to sign onto China’s Asian Infrastructure Investment Bank, with the nation’s Ministry of Strategy and Finance announcing Friday its intention to become a founding member of the development bank.
Plaintiffs accusing Kinross Gold Corp. of misleading investors over the prospects of a West African mine it sought to acquire through a merger asked a New York federal judge on Thursday to preliminarily approve a $33 million settlement deal that would halt a proposed securities class action.
BP PLC will sign a deal within a couple of months to grab a stake in the multibillion-dollar Trans-Anatolian Pipeline, which will ship natural gas from the Caspian Sea for eventual export to Europe, a spokesman for the energy giant confirmed Friday.
St. Louis Rams owner Stan Kroenke’s real estate firm has struck a union deal with a Los Angeles labor group to avoid a ballot fight over a proposed $1.86 billion football stadium project.
The Eleventh Circuit affirmed Wednesday that a Florida developer must repay $1.62 million for improperly winning a contract to develop a city park and mixed-use project, also finding that the lower court judge didn’t have a conflict of interest that would have required overturning the ruling.
Many mediation orders state that attendees must have “full settlement authority” without providing clarity as to what that term actually means. Attendance by just outside counsel or a corporate spokesperson is not enough, even if someone else with full settlement authority is just a phone call or keystroke away, say Douglas Flaum and Kevin Broughel of Paul Hastings LLP.
With some analysts expecting the crude oil forward price curve to dive into steep contango soon, depending on the rates of production decrease, demand increase and storage availability, this will cause cash-strapped oil and gas companies to explore transactions that are a blend of hedging and financing, says Jeffrey Nichols of Haynes and Boone LLP.
For reliance material that is not admitted on the stand, consider bolstering the testimony by having the expert describe the evidence generally, but in a way that signals to the jury that the expert has a strong foundation of supporting facts and data. If done well, such testimony can open the door to admitting the evidence, say Jason McDonell and Heather Fugitt of Jones Day.
A festering but virtually unnoticed circuit split over a legal doctrine the U.S. Supreme Court first recognized early last century may provide the Roberts court with the opportunity to grant corporate persons privilege against self-incrimination for the first time in U.S. history, says Ramzi Abadou of Kahn Swick & Foti LLP.
The Bureau of Land Management's final rule regulating hydraulic fracturing on public lands saw a swift political backlash — energy industry groups filed a lawsuit challenging the rulemaking and the GOP-controlled Senate issued a statement criticizing the rule as duplicative and unnecessary, says J. Tom Boer, a partner with Barg Coffin Lewis & Trapp LLP and former attorney with the U.S. Environmental Protection Agency.
As an investment, a landfill is high risk due in part to the potential for extreme environmental liabilities. Conventional appraisal methods, including cost, comparable sales and even the traditional income method, do not account fully for these unique factors, says Ronald Cusano of Schnader Harrison Segal & Lewis LLP.
There has been a renewed focus on successful public-private partnership models, and the public sector has created a vehicle by which to access this. What was once a three- to four-year process has become an immediate path forward, says Albert Dotson Jr. of Bilzin Sumberg Baena Price & Axelrod LLP.
XS Platinum Inc. and five of its officers and employees recently became the subject of the first federal criminal environmental enforcement action against a mining company in Alaska. Although the mining industry has long been a target of civil environmental actions, criminal enforcement is relatively new, say attorneys with Venable LLP.
Although court decisions are public records, that doesn’t mean they should be publicized by the courts on search engines, such as Google. Access alone isn’t the problem. The issue is that these decisions appear prominently atop search results — even when browsing parties are not looking for them. Courts have opened their doors, but they need not remove them entirely, says Adam Sherman of Vorys Sater Seymour and Pease LLP.
For some overleveraged operators and service providers, depressed oil and gas prices will inevitably lead to default, foreclosure and bankruptcy, with secured lenders and mineral rights owners finding themselves locked in a priority battle. And the giant SemCrude bankruptcy shows the danger in relying on nonuniform amendments to the UCC without considering all the ramifications, says Matthew Clark of Faegre Baker Daniels LLP.