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.
Attorneys for an Arizona political subdivision suing Honeywell International Inc. and others in federal court for a $42 million groundwater cleanup called the defendants’ latest bid to disqualify their firm Gallagher & Kennedy PA “shameful gamesmanship" in a filing Monday.
A federal judge on Friday dismissed as premature a suit accusing the U.S. Environmental Protection Agency of stonewalling a massive proposed Alaskan copper mine, finding the agency is at the beginning of a review process, not the end.
The U.S. Environmental Protection Agency said Monday that it’s concerned that Excelerate Energy LP’s proposed liquefied natural gas terminal off the coast of Puerto Rico may harm coral reefs, endangered species and the Jobos Bay ecosystem, saying the company should outline its mitigation plan.
A pair of former Gray Reed & McGraw attorneys who teamed up earlier this year to start a Houston-based energy transactions and regulatory practice have expanded into New Orleans with the signing of a Slattery Marino & Roberts partner and his team, the firm said Monday.
Merchant power giant Exelon Corp. is building new combined-cycle gas turbines at two of its gas plants in Texas and will pay General Electric Co. more than $500 million to supply high-efficiency turbines for the upgrades, the companies announced Monday.
West Virginia will take bids to drill for oil under a segment of the Ohio River, in order to reinforce the state's dwindling budget, according to a Friday media report.
A New York City proposal to market billions in so-called green bonds could reduce debt costs for the city by enticing investors who have stampeded toward guilt-free returns elsewhere, but buyers must tread carefully lest their money ends up funding projects not seen as environmentally relevant.
BrightSource Energy Inc. and Abengoa Solar SA on Friday withdrew applications for a 500-megawatt solar energy project in California’s Riverside County, and a BrightSource executive said uncertainty over expiration of a 30 percent renewable energy tax credit factored into the decision.
The Carlyle Group LP on Friday said it has agreed to pick up a majority stake in six Georgia natural gas-fired power plants in its second announced deal in a week with Singapore sovereign wealth fund GIC, as Carlyle continues to build its power generation assets.
General Electric unit GE Energy Financial Services, Toyo Engineering Corp. and Kuni Umi Asset Management have joined together to invest in a $1.1 billion solar power plant in Japan, the largest such project in the country's history, GE's subsidiary said Monday.
The sprawling renewable energy and conservation plan for the California desert unveiled by federal and state regulators last week promises streamlined permitting and a host of other benefits to clean energy developers eager to tap the region, but experts have doubts that the plan will fully deliver on those promises.
The Pennsylvania Department of Transportation said Monday it is seeking a private partner to build compressed natural gas fueling stations at public transit agencies statewide, promising a new technology that would replace conventional fuel with an alternative considered safer and less polluting.
British energy titan BG Group PLC has urged the U.S. Supreme Court to block Argentina's latest bid to undo the company's $185 million investment arbitration award, asserting that the country presents minor factual issues that do not warrant review by the justices, who have already weighed in on the case.
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.
Overall, the U.S. oil country tubular goods industry is pleased with the outcomes of the OCTG trade cases at the administrative agency level, particularly because the U.S. Department of Commerce increased anti-dumping duties on imports from Korea in its final margin calculations and the U.S. International Trade Commission made affirmative determinations with respect to substantially all subject imports, says Brian McGill of King & Spalding LLP.