An oil and gas industry group is challenging newly passed hydraulic fracturing restrictions in two Colorado cities, lodging complaints in state court Tuesday arguing that the measures banning the practice for at least five years are superseded by state energy regulations.
The long-delayed $3.7 billion entertainment complex in New Jersey known as American Dream Meadowlands inched closer to reality Tuesday night, when a county authority approved several major financial pieces of the plan, including the issuance of up to $550 million in bonds.
The D.C. Circuit overturned Tuesday a Federal Energy Regulatory Commission decision to allow the transfer of certain energy transmission facilities from one regional transmission organization to another, calling the decision arbitrary and capricious.
The African Development Bank signed off on a total of $4.89 billion for its 2014 borrowing program it said on Wednesday, which includes $199.58 million in funds available under the Enhanced Private Sector Assistance Initiative.
With a dizzying array of deals all over the world, Agnieszka Klich, a partner at Chadbourne & Parke LLP's London office, is a global regulatory Sherpa for energy developers, earning her a spot among Law360's Project Finance MVPs.
Dozens of House Democrats urged the U.S. Department of the Interior on Tuesday to halt oil and gas leasing in the Arctic Ocean until it overhauls the rules governing the activity and takes into account the impacts it has on climate change.
A public finance veteran and former Drinker Biddle partner who has served as bond counsel for the state of New Jersey has joined regional heavyweight Wolff & Samson PC as a member, the firm announced last week.
The Louisiana Coastal Protection and Restoration Authority on Tuesday instructed the state attorney general to file a pair of lawsuits against the U.S. Army Corps of Engineers, in a bid to avoid more than $1.2 billion in coastal restoration costs sought by the federal government.
The Sixth Circuit on Tuesday rebuffed an industry plea to prevent the U.S. Mine Safety and Health Administration from enforcing its revised rule cracking down on safety issues in the nation's most dangerous mines, saying mine operators haven't shown they'll be irreparably harmed by the rule.
The U.K. government said Tuesday that it will invest £40 billion ($65 billion) in the renewables sector by 2020 to replace 10 percent of its total power generation and reshuffle its subsidies to favor more offshore projects.
Emerson Electric Co. will buy SPX Corp.'s full 44.5 percent share of the companies' joint venture, EGS Electrical Group LLC, for $571 million, the industrial manufacturers said Wednesday.
The U.S. Environmental Protection Agency's decision to limit an Eighth Circuit ruling on wastewater treatment to the court's jurisdiction rather than issuing a nationwide policy has outraged municipal water agencies determined to fight permit restrictions in court, a battle experts say they are well-positioned to win.
The U.S. government's slow pace in approving liquefied natural gas export applications and state and local roadblocks to coal export projects may violate international trade agreements, a former World Trade Organization official who now heads Greenberg Traurig LLP’s global practice said Tuesday.
Isolux Corsan has clinched a $105 million contract with Iraq’s Ministry of Water and Electricity to engineer and build 172 kilometers of transmission lines in Kuwait, marking the global transmission company’s first project in the Middle Eastern country, it said Tuesday.
Milbank Tweed Hadley & McCloy LLP partner Phillip Fletcher tapped into more than two decades of experience to nail down financing from diverse lender groups in support of multiple landmark projects, including a $20 billion petrochemical plant in Saudi Arabia, earning him a spot among Law360's Project Finance MVPs.
Florida's Public Service Commission on Tuesday approved rule changes to implement the state legislature's amendments to the Nuclear Cost Recovery Act that require utilities to seek additional levels of PSC review to recover costs for nuclear power plants.
The Louisiana Department of Revenue needs to improve the way it collects severance taxes after it failed to collect potentially millions of dollars in taxes for extraction of oil and natural gas, the Louisiana Legislative Auditor said in a report released Monday.
Calpine Corp. has purchased a 1,050-megawatt natural-gas-fired power plant from MinnTex Power Holdings LLC for about $625 million, the companies said Monday, a move that drives Calpine deep into a Texas market the company said is still growing.
A unit of Russian oil giant OAO Lukoil has landed €420 million ($570 million) in financing from several European banks to upgrade its oil refinery in Bourgas, Bulgaria, with the construction of a heavy-residue hydrocracking complex, it announced Monday.
From the time Consol Energy Inc. began considering selling a quintet of coal mines worth $3.5 billion, it enlisted a Greenberg Traurig LLP team to grapple with the complexities of a big-ticket transaction plus the added challenges of redefining a 150-year-old company's position in the marketplace.
A recent Federal Energy Regulatory Commission order will permit Rockies Express Pipeline to enter into transactions to transport shale gas east to west within its easternmost zone without triggering a rate reduction for its foundation and anchor shippers. Rockies Express’ ability to enter into such transactions will provide a new source of gas supply for Midwestern markets and an attractive outlet for Marcellus and Utica production, say attorneys with Van Ness Feldman LLP.
Proposition 6 and its related enabling legislation provide a unique opportunity for Texas to begin addressing its significant water infrastructure needs. But, as with any ambitious plan, the program faces a variety of challenges, including achieving a proper (and politically acceptable) balance between urban and rural needs and navigating through ongoing water rights disputes, say C. Brian Cassidy and Brian O’Reilly of Locke Lord LLP.
Because Latin American countries differ substantially from one another, there is no effective one-size-fits-all approach to anti-corruption compliance in the region. That said, companies doing business in the region should be aware of a number of recurring compliance concerns that may lead to an increased risk of violating the FCPA or other applicable anti-bribery laws, say attorneys with Debevoise & Plimpton LLP.
The connection between Houston, Texas, and Philadelphia for value-added energy- and refining-related activity is palpable. Companies like Shell, Chevron, ExxonMobil and many others with a strong Houston presence are connecting to Pennsylvania, and we are just seeing the tip of the iceberg, says Michael Krancer of Blank Rome LLP.
Two considerations stand out regarding the Iran nuclear agreement's effect on sanctions. First, the agreement does not provide detail about suspension of sanctions or even identify measures to be suspended. Second, agreement commitments to relax sanctions measures will only be effective if, when and to the extent that they are implemented in U.S. and EU law, say Harry Clark and Clark McFadden of Orrick Herrington & Sutcliffe LLP.
A new law in Mongolia dramatically alters the investment landscape in the country, eliminating the broad restrictions on private foreign investment in the minerals, communication and financial sectors that previously existed, removing the parliament from the approval process, and ending the distinction between foreign and domestic investors, says Stewart Diana of DLA Piper LLP.
While the Nov. 24 accord represents the first reversal in an inexorable trend of increasing sanctions, it by no means signals a dismantling of the Iran sanctions program. The U.S. may even step up enforcement under unaffected portions of its sanctions program, including prohibitions on trading in blocked property, engaging certain petroleum transactions and supporting Iran’s energy sector, say Scott Flicker and Devon Winkles of Paul Hastings LLP.
Mandated law student pro bono programs have not worked in championing the causes of social justice for those unable to afford counsel. States would be far better off using their resources to insist on a legislative solution to a very troubling and persistent deficiency in the allocation of legal resources, says Fred Isquith of Wolf Haldenstein Adler Freeman & Herz LLP.
Picture this: A seller of goods is losing tens of millions of dollars per year on a requirements contract containing price caps that the parties have operated under for years. Given the Uniform Commercial Code and relevant case law, it would be natural — and completely logical — to accept the cogent authority establishing that rising costs are generally insufficient to invalidate a contract. I am betting that, in this case, the law will trick you, says Andrew Jarzyna of Ulmer & Berne LLP.
The expansion of the Pipeline and Hazardous Materials Safety Administration’s jurisdiction “inside the fence” of midstream natural gas processing facilities will change the regulatory landscape significantly. Extended to facilities that meet OSHA requirements, they will require companies to retool their plants in order to comply — potentially resulting in operational stoppages and economic losses, say Rachel Clingman and Jacob Dweck of Sutherland Asbill & Brennan LLP.