A former Venezuelan official pled guilty in Texas federal court Thursday to a $7 million money laundering scheme involving bribe money allegedly paid by U.S.-based companies to government officials in Venezuela in order to obtain energy contracts, the U.S. Department of Justice announced.
The U.S. Department of Commerce should improve the procedures that businesses must follow for securing a reprieve from the Trump administration’s sweeping tariffs on steel and aluminum to ensure that due process is followed, the heads of the Senate Finance Committee asserted on Thursday.
A Texas appeals court on Thursday affirmed a jury’s verdict that awarded a driller $14.3 million in lost profits due to misappropriated trade secrets by a potential partner in a Montana oil and gas development project, though it threw out an award of $4.5 million in exemplary damages.
Marathon Petroleum Corp.’s retirement plan has opted to settle a proposed class action over its decision to invest $88 million in company stock rather than face the possibility of the Sixth Circuit reviving the suit, which accuses the oil and gas company of playing fast and loose with retirees’ savings.
The Bureau of Land Management began the administrative process Thursday to open up the Arctic National Wildlife Refuge for oil and gas drilling, angering environmental groups that have long battled to keep the wild landscape development-free.
Citing in part a corporate law doctrine of “efficient breach,” a Delaware vice chancellor on Thursday awarded Leaf Clean Energy Company just $1 in damages in an investment dispute with wind farm developer Invenergy Wind LLC that Leaf said should have triggered a $126 million cash-out.
The head of the U.S. Environmental Protection Agency’s air office said Thursday that too much energy has been spent trying to achieve perfection in air quality standards for pollutants that are subject to review every five years, when “good enough” will do.
A hydroelectric company's license to generate power at a Georgia dam was lawfully revoked by a federal agency in response to the company's failure to construct a fishway it promised in exchange for receiving permission to increase its generating capacity, the Eleventh Circuit ruled on Wednesday.
NextEra Inc. urged the Third Circuit on Thursday to reinstate a $275 million termination fee it won after its deal to buy assets from Dallas-based Energy Future Holdings Inc.’s Chapter 11 estate fell through, arguing that there was no manifest error plaguing the award that warranted its later reversal.
A Texas federal judge on Thursday refused to toss Native American Services Corp. counterclaims lobbed at ENGlobal U.S. Inc. in a dispute over a biomass power plant project contract, finding there was conflicting evidence relevant to deciding if either party breached the deal.
The Federal Energy Regulatory Commission on Thursday formally kicked off a review of its nearly 20-year-old natural gas pipeline approval policy, and commissioners said they're eager to tackle issues including FERC's reliance on developers inking gas shipping contracts and what role climate change should play in evaluating a project's need.
The U.S. Environmental Protection Agency’s top lawyer on Thursday dismissed as “sound bites” a Sierra Club attorney’s criticism of the EPA’s deregulatory agenda and dodged questions about whether the agency will rethink an important finding that carbon dioxide poses a danger to human health and the environment.
The Russian government added its name Thursday to the growing list of countries questioning the Trump administration’s national security-based tariffs on steel and aluminum, following the lead of numerous other nations that have opted to treat the duties as safeguard measures.
A London appeals court ruled on Thursday that insurer Chubb could keep its arbitrator in a dispute with U.S. oil services corporation Halliburton over hundreds of millions of dollars following the 2010 explosion on the Deepwater Horizon rig.
A D.C. federal judge has denied two tribes' request to be consulted more on an oil spill response plan for the controversial Dakota Access pipeline, saying the issue was mooted by the plan's submission.
Two months after reaching a merger agreement to restructure Texas-based NuStar Energy LP, an investor in NuStar’s holding company asked a Delaware federal judge on Tuesday halt the deal, claiming a proposed class of investors are still in the dark about how the $7.9 billion partnership was reached.
As importers and foreign producers scramble for a reprieve from the Trump administration’s sweeping tariffs on steel and aluminum, attorneys are beginning to confront the challenges in navigating a bureaucratic process that has already been overrun with a wave of exclusion requests.
A Florida-based energy finance company sued Norton Rose Fulbright and one of its former lawyers in New York court Tuesday for allegedly sharing confidential information about a possible power plant acquisition with a potential competitor.
A former stone salesman who spent about a year in prison for passing around nonpublic stock tips during rounds of golf can get out of a second year of supervised release to pursue a new career in Florida real estate, a federal judge in Massachusetts ruled Wednesday.
A California judge on Wednesday denied Girardi Keese’s bid to strike class claims from a suit seeking an accounting of $120 million in settlements from an oil contamination case, ruling the firm’s attorney-client relationship with the proposed class isn’t grounds for ruling out the possibility of certification.
Battery materials and electric vehicles offer something unique to today’s commodity producers and investors: a sustainable growth story that is not just China-dependent. The exponential growth in demand is creating a scramble for resources not seen since the last great commodity supercycle, say attorneys with White & Case LLP.
The additional analysis on downstream greenhouse gas emissions required by the D.C. Circuit's recent ruling in Sierra Club v. Federal Energy Regulatory Commission has the potential to further delay an already burdened FERC pipeline approval process, says James Costan of Dentons.
How can we improve meetings in the legal industry, which tends to evolve with the speed of a tranquilized water buffalo mired in quicksand? Breaking it down to three phases can yield significant benefits, says Nicholas Cheolas of Zelle LLP.
Last week, a dozen federal agencies signed a memorandum of understanding committing to a more coordinated and streamlined federal review process. But because there have been no changes to underlying statutory requirements, each agency will still have to determine that a project review meets its respective legal obligations, say Raya Treiser and Nathaniel Custer of WilmerHale.
One way law firms differentiate themselves from the competition to attract and retain top talent is through their real estate and workplace strategies. Taking a lead from the hospitality industry can help create a more inviting, welcoming and collaborative workspace environment, says Bella Schiro of Jones Lang LaSalle Inc.
A federal district court in Ohio recently upheld some of the Federal Energy Regulatory Commission’s penalties against an energy company and its owners for market manipulation. Although the court’s reasoning generally followed the lead of other courts that have recently opined on the scope of FERC’s enforcement authority, there are a number of elements worth noting, say attorneys with Bracewell LLP.
In his first year on the U.S. Supreme Court, Justice Neil Gorsuch has proven to be a narrow-minded elitist who consistently votes in favor of corporations and the powerful, acting to roll back protections for workers, consumers, LGBTQ individuals and other marginalized communities, says Elliot Mincberg of People for the American Way.
Resolution of the standing issues raised in the U.S. bribery suit brought by Venezuela’s state-owned oil company PDVSA may have implications not just for this case, but for whether PDVSA may be bound by the Venezuelan government to any future debt restructuring, say Richard Cooper and Boaz Morag of Cleary Gottlieb Steen & Hamilton LLP.
The U.S. Environmental Protection Agency recently issued a memo reinterpreting regulations that determine when a project could trigger new source review. In this new policy directive, the EPA is now reinterpreting its existing regulations to allow sources to use this type of project analysis to assess whether an NSR permit is required, say attorneys with Sidley Austin LLP.
The documents filed thus far in the U.S. bribery suit brought by Venezuela’s state-owned oil company PDVSA make clear that the standing issues in this case are complicated. The case also presents questions as to whether it will have implications for financial creditors of PDVSA and the republic, say Richard Cooper and Boaz Morag of Cleary Gottlieb Steen & Hamilton LLP.