The Trump administration handed down new sanctions against Russian companies and individuals that it accused of doing business with North Korean shippers and for trying to evade existing sanctions targeting Russian cyber-related activities.
The commodities investment fund for private equity firm Carlyle Group has asked a New York state judge to force underwriters at Lloyd's to cough up documents linked to insurers' decision to deny a nearly $400 million claim related to losses the firm suffered when a Moroccan oil refinery known as SAMIR was seized in 2015.
During the course of her career, Anna Rotman has built Kirkland & Ellis LLP's litigation practice in Houston from the ground up, and also successfully argued on behalf of an energy company that it could ax gas-gathering contracts after filing for bankruptcy, which are a sampling of the achievements that earned her a spot among Law360's Influential Women in Energy Law.
An arm of Canadian pension plan Ontario Municipal Employees Retirement System said Tuesday it will pay $1.4 billion to take a 50 percent stake in Texas-based BridgeTex Pipeline Co. LLC, with Sidley Austin LLP guiding the buyer and Vinson & Elkins LLP and GableGotwals guiding sellers Plains All American Pipeline LP and Magellan Midstream Partners LP, respectively.
On the anniversary of the day Hurricane Harvey hit the coast of Texas, voters in Harris County will be asked to approve a $2.5 billion bond package that will be used to mitigate future flooding in the city of Houston and surrounding area and help ongoing recovery efforts. This article is the third in a series of stories about the anniversary of Hurricane Harvey.
The U.S. Environmental Protection Agency's proposed rule to replace the Clean Power Plan drew an immediate threat to sue Tuesday from a coalition of states opposed to rolling back the Obama administration's signature climate change regulations.
The federal government urged an Arizona federal judge Monday to toss a suit from the Sierra Club and Native American groups seeking an order that the U.S. Department of the Interior figure out how to clean up a coal mine that feeds the Navajo Generating Station, saying the claims came too late.
A Chevron subsidiary has sued a nonprofit that rehabilitated a historic Baton Rouge hotel, claiming the group owes it more than $10.9 million as it failed to buy out the energy giant’s investment in the project despite being contractually obliged to do so, according to a suit filed in Louisiana federal court.
A Colorado federal court entered a more than $5 million default judgment against New World Renewable Energy Leasing Inc. and Infinergy Solar & Wind Inc. on Monday, directing the Texas solar power developers to pay damages and penalties stemming from the government’s allegations that they submitted false claims under an energy investment program.
Oil and gas company W&T Offshore Inc. said Monday it has raised $361 million in equity capital from a group of investors led by Boston-based HarbourVest Partners LLC to develop up to 14 drilling projects in the Gulf of Mexico.
Crystallex International Corp. pressed a Delaware federal judge Monday to allow it to immediately forge ahead with the sale of Citgo Petroleum Corp.'s shares, a means of enforcing its $1.2 billion award against Venezuela, saying a bid by Citgo to have the court oversee the sale is a delaying tactic.
Sudan has asked India's ONGC Videsh Ltd. to drop a $100 million international arbitration claim over unpaid oil dues that accrued after a joint project suffered following South Sudan's independence.
The Second Circuit on Monday refused to revive claims that La Quinta Holdings Inc. and a private equity backer duped investors by failing to adequately disclose the financial risks the hotel chain was facing ahead of a $550.8 million public offering.
The Seminole Tribe of Florida pressed the Eleventh Circuit on Friday to revive its suit over a state tax on electricity the tribe uses for federally regulated activities, saying it deserves a ruling on precisely what tribal activities are and aren't covered by the tax.
TPG Capital is reportedly mulling a deal to invest in the ailing Jet Airways Ltd., Standard Chartered PLC is discussing a deal to sell its private equity unit to Intermediate Capital Group, and PTTEP PCL and OMV are eyeing Hess Corp.’s Southeast Asian offshore natural gas assets.
The owner of a closed oil refinery has agreed to “a massive cleanup” of contaminated soil and groundwater in a lawsuit settlement that addresses environmental concerns created by years of petroleum and gas spills at its facility in Hartford, Illinois, the state attorney general announced Monday.
U.S. oil company ConocoPhillips said Monday that Venezuela's state-run oil company will pay in excess of $2 billion to settle part of a long-running dispute stemming from the country's nationalization of its petroleum industry.
The European Commission on Monday said it cleared German gas giant Linde AG’s planned $70 billion merger with Praxair Inc. after the companies agreed to sell off assets and businesses to assuage concerns that the tie-up would hamper competition on the continent.
The Justice Department urged a New Mexico federal court Friday to appoint a former federal judge as special master in multidistrict litigation over a mine-waste spill, saying the Navajo Nation's and two states’ ex-state judge pick appears to have “little to no experience” handling Superfund cases.
A Texas federal judge has partially granted both Exxon Mobil Corp.'s and the federal government's bids for quick wins on how to determine the percentage each side much bear for cleanup costs for World War II- and Korean War-era water pollution.
A Texas federal judge's decision last week in Ramirez v. Exxon Mobil — the first climate change-related securities class action against a major oil and gas company — is strikingly pro-shareholder and departs from opinions of numerous federal courts, say Mike Biles and Jessica England of King & Spalding LLP.
While most law firm executives and partners may instinctively want to tune out terms like "high availability" and "disaster recovery" — concepts that IT managers usually worry about — there are five reasons you should lean in and wrestle with the vocabulary, say Jeff Norris of Managed Technology Services LLC and Greg Inge of information security consulting firm CQR.
Recent cases demonstrate Louisiana courts' willingness to embrace the Fifth Circuit's simplified analysis of what constitutes a maritime contract in the context of insurance obligations. The courts are homing in on whether parties expected to use a vessel, and how significant the use is, says Hansford Wogan of Jones Walker LLP.
The "fake news" phenomenon is ever more prominent in the political arena — but not in the jury box. At a trial, jurors don’t have to rely on the media or any other source to tell them the facts and issues, since they have a front-row seat to the action, says Ross Laguzza, a consultant at R&D Strategic Solutions LLC.
The Bipartisan Budget Act of 2018 significantly increased and extended the Section 45Q tax credit for the capture and sequestration of carbon oxides. This development is expected to significantly boost deployment of carbon capture and storage across the U.S. and represents a potential opportunity for emitting companies, oil and gas companies and industrial users of carbon oxides, say David Lowman and Frederick Eames of Hunton Andrews Kurth LLP.
The Federal Energy Regulatory Commission recently ruled that PJM Interconnection’s current capacity market auction tariff is unjust and unreasonable. The decision raises a fundamental economic question as to the future of PJM's existing market-based approach to determining the region’s mix of generating assets, say Joseph Cavicchi and Kenneth Grant of Compass Lexecon.
In his new book, "The Last Great Colonial Lawyer: The Life and Legacy of Jeremiah Gridley," Charles McKirdy argues that Gridley — someone I had never heard of — was the last great colonial lawyer, and that his cases illuminate his times. The author largely substantiates both claims, says First Circuit Judge Kermit Lipez.
The newly enacted Foreign Investment Risk Review Modernization Act significantly expands the authority of the U.S. government to review and restrict foreign investments on national security grounds. But FIRRMA also has provisions that may exempt some transactions from review, and accelerate review of others, say Jeffrey Bialos and Mark Herlach of Eversheds Sutherland LLP.
The Foreign Investment Risk Review Modernization Act empowers the U.S. government to review a far broader group of transactions than ever before to determine if they threaten national security. FIRRMA's expansive new coverage includes oversight of real estate investments and transfers of "emerging and foundational technologies," say Jeffrey Bialos and Mark Herlach of Eversheds Sutherland LLP.
The Federal Circuit recently reversed the U.S. Court of Federal Claims decision in Alta Wind v. United States, finding the trial court's method of valuing the wind farm properties did not accurately represent their fair market value. The decision was unclear, however, about how the lower court should determine the value on remand, leaving the renewable energy industry with a number of questions, say attorneys at Latham & Watkins LLP.