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Latest News in Energy

  • March 19, 2018

    Firms Battle Over Repping Class In Westinghouse WARN Suit

    Two law firms are battling it out in New York bankruptcy court to see who will lead a proposed class action against Westinghouse Electric on behalf of workers laid off on short notice, with both firms trading barbs and beating their chests in an attempt to muscle out the competition.

  • March 19, 2018

    ETE Cites Williams' 'Trash Talk' In $1.5B Fee Reargument Bid

    Pipeline giant Energy Transfer Equity urged Delaware Chancery Court on Monday to allow reargument on dismissed counterclaims that the company deserves a $1.48 billion termination fee for The Williams Companies' alleged breaches of a $38 billion merger agreement that ETE itself abandoned in 2016.

  • March 19, 2018

    Buyer Worries Lead Augustus Energy To Seek Ch. 11 Sale

    Colorado natural gas well developer Augustus Energy Resources LLC told the Delaware bankruptcy court on Sunday that it wants to hold a Chapter 11 auction of its assets, saying it is dealing with $78 million in debt, depressed energy prices and a $3.7 million class action over royalties.

  • March 19, 2018

    Dominion Slams FERC 'Free Rider' Rule at DC Circ.

    Dominion Energy Services on Monday urged a D.C. Circuit panel to overturn a Federal Energy Regulation Commission decision denying it cost-sharing payments for two high voltage energy projects, saying the decision allows other energy providers to “free ride” off regional benefits from the projects.

  • March 19, 2018

    Offshore Manufacturer Wants Out Of Petrobras' $400M Suit

    Spanish offshore equipment manufacturer Vicinay Cadenas SA urged a Texas federal court on Monday to dismiss Petrobras America Inc.'s lawsuit seeking $400 million over an allegedly defective chain used to support a floating oil and gas facility, because, despite Petrobras assuring the court its claims didn't rely on a purchase order, it is now arguing otherwise.

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