Valero Energy Corporation will acquire all of Valero Energy Partners LP’s outstanding public common units, worth about $950 million, in a deal ushered in by Baker Botts on Thursday that abandons the companies’ master limited partnership structure.
The U.S. Department of the Interior will hold an offshore wind auction off the Massachusetts coast in December and is developing a first-ever Pacific offshore wind auction in California, Secretary of the Interior Ryan Zinke said Wednesday.
The Illinois Supreme Court sided Thursday with electric utility Ameren Corp. in its fight to take land from 35 property owners for a new power line, reversing a lower court’s ruling that a state eminent domain statute was unconstitutional.
Global commodity trader Noble Group Ltd. is asking a New York bankruptcy court to shield its U.S. assets while its plan to restructure $3.5 billion in debt works its way through English courts.
A Fifth Circuit panel on Thursday found a federal district court erred when it ruled a former CETCO Energy Services Company employee couldn’t get certain incentive payments outlined in his contract, remanding the case to determine how much in long-term incentive benefits he is owed.
The Federal Circuit on Thursday threw out the Patent Trial and Appeal Board's decision that part of a LiquidPower Specialty Products Inc. patent related to the transport of crude oil was obvious, saying the board needs to consider evidence of the invention's success.
The Washington State Department of Licensing told the U.S. Supreme Court to reverse a state Supreme Court ruling in favor of a tribal fuel distributor, saying a fuel tax does not violate the Yakama Nation’s right to travel on public highways and the company read a tribal treaty right too broadly while mischaracterizing state law.
A Spanish natural gas company has sought enforcement from a D.C. federal court of its approximately $2 billion award against Egypt, issued after an international tribunal concluded the country was responsible for cutting off the gas supply to liquefaction facilities the company operated.
Vista Equity Partners has raised $11.4 billion for its seventh fund, Palantir Technologies Inc. is considering going public, and Warburg Pincus is weighing selling off Navitas Midstream Partners LLC for $3 billion.
Giordano Halleran & Ciesla PC has added as a shareholder a seasoned energy lawyer from Fox Rothschild LLP amid plans of launching an energy and public utilities practice group that would assist clients in making improvements to New Jersey’s energy infrastructure.
A new proposed class action in Illinois federal court takes aim at Sperian Energy Corp., accusing the retail electric supplier of a classic “bait and switch” scheme that fleeced consumers.
A government watchdog group sued the U.S. Department of Commerce in D.C. federal court Thursday, alleging the agency has ignored the group’s effort to learn more about the Trump administration’s controversial process for importers to earn relief from its steel and aluminum tariffs.
The Federal Aviation Administration has approved drone maker Avitas Systems' request to operate a commercial drone beyond visual line of sight in a Texas oil field without a second spotter, setting a new precedent for commercial drone operations, the company recently announced.
The federal government on Thursday again urged the U.S. Supreme Court to toss a youth lawsuit accusing it of failing to protect future generations from climate change, in a last-ditch effort to stave off a landmark trial that is less than two weeks away.
A Texas federal judge on Tuesday held that marine surveyor American Global Maritime Inc. must face negligence claims asserted by insurance underwriters seeking to hold it liable for $500 million in losses from the failure of an offshore oil rig built for Chevron, while tossing other claims against the surveyor and dismissing its foreign affiliates from the suit.
French renewable energy firm Neoen SA began trading on Paris' Euronext market in a €628 million ($722 million) initial public offering Wednesday, marking the largest offering in more than a year on the Paris exchange and the biggest in the European renewable energy space so far in 2018.
The Center for Biological Diversity on Wednesday sued the U.S. Fish and Wildlife Service for allegedly violating the Endangered Species Act by failing to designate about 550,000 acres of critical habitat in nine states for the western yellow-billed cuckoo.
A Ukrainian energy company urged a D.C. federal court on Wednesday to reopen its lawsuit seeking to confirm an approximately $50 million arbitral award against the Republic of Moldova, arguing that a renewed set-aside proceeding in France does not mean the suit has to remain on hold.
After an emotionally fraught confirmation process with sexual misconduct allegations front and center, a new justice joins the Supreme Court bench and brings four female clerks with him. The hires bring gender parity to the court's clerkship ranks for the first time, but will the shift be long-lasting?
Eversheds Sutherland has bolstered its international trade and energy practices with the addition of a former Baker Botts LLP partner, according to the firm.
The inner workings of the Trump economics and trade team remain foggy, but the administration's trade strategy can be discerned from the public statements of the president and his advisers. Unpredictability, mercantilism, bilateralism and a willingness to accept collateral damage are among the most important patterns, says Charles Skuba of Georgetown University’s McDonough School of Business.
Over the last two decades, the U.S. Environmental Protection Agency’s efforts to address interstate air pollution under the Clean Air Act have yielded a series of complex federal regulatory programs. However, it's now signaling a method that involves greater deference to states’ analyses and determinations, says Norman Fichthorn of Hunton Andrews Kurth LLP.
Despite the Clean Water Act's long history, recent decisions from the federal appellate courts — including two opinions from the Sixth Circuit last month — have raised new questions about several issues that once seemed settled, say Anthony Cavender and Amy Pierce of Pillsbury Winthrop Shaw Pittman LLP.
The U.S. Environmental Protection Agency’s proposed replacement for the Clean Power Plan, dubbed the Affordable Clean Energy rule, is now open for comment. The rule could cost the coal industry and coal-fired power plants millions, but there are a number of elements that the oil and gas industry must consider as well, says Carroll McGuffey of Troutman Sanders LLP.
In the next installment of this series examining the dimensions of the Trump administration's trade agenda, Erica York of the Tax Foundation discusses how the economic harm caused by tariffs could slow or offset the economic and employment benefits of tax reform.
In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.
Increasing tariffs, new scrutiny of foreign investments in U.S. companies, and export controls over “emerging and foundational” technology are part of a Trump administration strategy to advance national security objectives using economic tools. These measures are ushering in a new era of trade restrictions, say attorneys with Kirkland & Ellis LLP.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.
In the first article of this special series on the Trump administration's trade policies, attorneys from Covington & Burling LLP explore how a notable increase in U.S. anti-dumping and countervailing duty enforcement actions is creating significant compliance challenges for foreign companies and U.S. importers.
The Committee on Foreign Investment in the United States has announced a pilot program to review noncontrolling foreign investments in certain U.S. industries that were formerly outside the scope of its jurisdiction. This is a rapid assertion of CFIUS' new powers under the Foreign Investment Risk Review Modernization Act, say attorneys with Ropes & Gray LLP.