The Carlyle Group LP said Monday that it wants to raise $7 billion for three energy funds by 2015 as the private equity powerhouse seeks to cash in on both growing global energy demand and power demand in the U.S.
Renewable energy provider First Solar Inc. sealed two 20-year power purchase agreements with four Southern California cities for the construction of a 40-megawatt solar project in Kern County, according to a Tuesday announcement.
U.K. private equity house Actis LLP will pay $220 million to pick up all three of American energy giant AES Corp.’s assets in Cameroon, including a majority interest in the African country’s national power grid, according to an announcement Friday.
Beginning this week, Law360 will profile the elite law firm partners whose exemplary work on critical litigation, mammoth deals and first-of-their-kind global matters earned them a spot on this year's list of MVP award winners.
A North Texas landowner asked the Texas Supreme Court on Monday to reject TransCanada Corp.’s effort to run a segment of its Keystone XL pipeline across her property, saying the energy giant has not demonstrated it can legally seize land through eminent domain proceedings.
Calling exports one of the “bright spots” of the U.S. economy, President Barack Obama said Friday the country should do more to support American businesses looking to ship goods overseas and called for more infrastructure projects to modernize ports, roads and bridges.
Talisman Energy Inc. said Friday that it would sell a portion of its assets in western Canada's Montney shale to Progress Energy Canada Ltd. for CA$1.5 billion ($1.4 billion).
Private equity powerhouse Carlyle Group LP said Thursday that it had sewn up the acquisition of an 823-megawatt gas-fired power plant in New Jersey from fellow private equity firm Energy Capital Partners LLC for an undisclosed price.
Two Maryland companies won a contract from Ethiopia's government and its utility corporation to build and operate three solar power plants in the East African country for an undisclosed amount, the companies Global Trade and Development Consulting and Energy Ventures said Friday.
The Kansas Corporation Commission on Thursday greenlighted the construction of the $2 billion Grain Belt Express electric transmission line, though the project cannot move forward until it secures the stamp of approval from Indiana, Missouri and Illinois.
Port Canaveral, Fla.'s commissioners voted Thursday to approve a new, $80 million to $85 million cruise ship terminal capable of receiving the largest ships currently sailing as well as the 6,000-passenger vessels currently being designed.
Dutch multinational commodity trading company Trafigura AG said Thursday it has signed a pipeline agreement with Energy Transfer Partners LP to move up to 100,000 barrels of crude oil and condensate per day from the Eagle Ford Shale to Trafigura’s Corpus Christi terminal.
Westar Energy Inc., Kansas's largest utility, will buy 200 megawatts of electricity from an Apex Clean Energy Inc. wind farm set to go up near Arkansas City, a development that's expected to bring $90 million to the state's coffers, Westar said Thursday.
President Barack Obama's executive order on climate change adaptation and resiliency issued late last week won't have much immediate impact, but experts say it sets the foundation for a costly regulatory expansion in the name of readying the country for rising temperatures and frequent volatile storms.
It's looking increasingly likely that the federal renewable energy production tax credit won't be renewed at year's end, and experts say that would deal a blow to the long-term prospects for a U.S. wind industry that's become viable thanks to the subsidy but isn't competitive enough with other types of energy yet to flourish without it.
Canadian oil and gas firm ARC Resources Ltd. said Wednesday that it would embark on a CA$915 million ($875 million) capital program in 2014, focusing on high-value oil and liquids-rich gas plays in western Canada's Montney shale, as well as investment in its low-cost gas assets.
Singaporean offshore company Keppel Offshore & Marine won a $1.1 billion order from Transocean Ltd. to build five oil rigs by 2017, with an option to build another five, the companies announced Thursday.
As part of President Barack Obama’s Climate Action Plan, the U.S. Department of Energy will invest $84 million in 18 projects across the country that will reduce the cost of controlling carbon emissions from new and existing coal-fired power plants, the DOE said Thursday.
Colorado oil and gas company Liberty Resources II LLC raised $350 million to develop a new portfolio of assets, the company announced Thursday.
The New Jersey Solar Grid Supply Association has sued the state Board of Public Utilities, accusing it of incentivizing companies to invest in solar energy projects before enacting a law that caused them to lose millions of dollars.
Nigeria is privatizing 10 gas-fired power plants under development, offering a unique investment opportunity that is unrivaled in scale by any other developing market. But beware that nearly all of the counterparties to the project agreements are relatively new organizations that are part of or largely controlled by the government, and some of them have almost no record of operating performance, says Keith Larson of Hogan Lovells US LLP.
Recent U.S. Fish and Wildlife Service actions pursuant to the federal Endangered Species Act, namely a final rule listing two species of salamander as threatened and endangered, have the potential to significantly affect public and private development in central Texas, as well as any other activities that impact water quality or quantity, say attorneys with Sedgwick LLP.
Because of the way our brains are hard-wired, opportunities for settlement are often lost — our human tendencies cause us to get in our own way. By recognizing these tendencies, fighting to avoid them and implementing systems that help recognize potential leverage points, litigants can achieve faster, and often better, settlements, says John Watkins of Thompson Hine LLP.
U.S. entities with operations in African countries should know whether their investments benefit from bilateral investment treaty protections. Importantly, a claimant contemplating investment treaty arbitration would need to consider any applicable notice, procedural or temporal requirements as specified in the relevant BIT, says Frank Schweitzer of K&L Gates LLP.
In the last decade, China's demand for basic petrochemicals and the most commonly used plastics have tripled, and domestic banks have become the primary source of funding for large-scale petrochemical projects. But despite being the world's largest market for petrochemicals, financing such projects still presents many challenges that arise from a still-maturing lending market, say attorneys with DLA Piper LLP.
What is clear in the grand scheme of things is that Mexico's drive toward liberalization and greater private sector involvement in the infrastructure and energy sectors is imminent and a key component of the National Development Plan and recent proposals from President Enrique Peña Nieto and the main opposition party. Opportunities in Mexico in infrastructure development will abound, say attorneys with Shearman & Sterling LLP.
The California Court of Appeal's recent decision in California Building Industry Association v. Bay Area Quality Management District leaves open the opportunity for future challenges to the receptor thresholds as applied to impacts of the existing environment on a specific proposed project. Under the receptor analysis guidelines, such applications and challenges appear inevitable, say Norman Carlin and Alina Fortson of Pillsbury Winthrop Shaw Pittman LLP.
The new Oil and Gas Lease Act may signal the Pennsylvania Legislature's broader desire to become increasingly involved in the industry's private lease agreements. So while producers may be reconfiguring their accounting systems or creating new software to comply with the act's enhanced disclosure requirements, they should closely watch the variety of additional legislative initiatives that have been proposed, say Nicholas Ranjan and George Bibikos of K&L Gates LLP.
Law firms increased their hourly rates an average of close to 10 percent between 2010 and 2012. This trend is an indicator of why corporate legal spending is so high. However, those who take the time to analyze their legal bills can attest that it’s the line items that the law firms are charging for — not the rate — that are creating exorbitant legal fees and causing significant distress, says David Paige of Legal Fee Advisors.
The recent California Court of Appeal case, Citizens of Ceres v. Superior Court of Stanislaus County, has been wrongly decided and creates an appellate court split of opinion. The case presents a cartoonish caricature of scheming developers and hapless lead agencies, overreaches based on the facts and mischaracterizes the California Environmental Quality Act's informational purpose, say attorneys with Holland & Knight LLP.