The Texas Supreme Court on Friday declined Devon Energy Production Co.’s request to review a lower court decision that said the company is solely liable to pay royalties on oil and gas produced from wells drilled by Apache Corp.
A Delaware bankruptcy judge on Friday delayed release of a $275 million reserve to Energy Future Holdings Inc.’s creditors pending a Third Circuit decision whether to reconsider its ruling that EFH should be freed from paying a termination fee after its deal to sell NextEra Energy Inc. its share of a power distribution system fell apart.
A Manhattan federal judge on Friday hit former fuel cell CEO Danny Pratte with a three-month prison sentence for misleading investors into thinking his Terminus Energy company was ready to start production, crediting Pratte's efforts to cooperate with law enforcement and handing down a short sentence for the $8 million fraud.
The Federal Energy Regulatory Commission's recent overhaul of how it will determine acceptable investor returns for electricity transmission companies could reduce the number of rate disputes the commission must referee by significantly raising the jurisdictional bar for would-be challengers, experts say.
Ukraine continued pressing the D.C. Circuit on Thursday to scrap an order enforcing a $112 million arbitral award against the country for seizing an oil refinery from Russian energy company PAO Tatneft, arguing the energy company is a state-controlled entity and therefore Ukraine is immune to its claims.
Jackson Walker LLP has hired the former managing partner of the now-closed appellate boutique Hankinson LLP to join its Dallas office's trial and appellate litigation practice as a partner.
A former lobbyist from South Carolina has been arrested on charges he tried to impede an investigation into a multimillion-dollar investment fraud scheme that has already led to 10 others facing criminal charges, federal authorities announced Friday.
Energy-focused special purpose acquisition company Sentinel Energy Services Inc. has agreed to buy Strike Capital LLC, the parent company of a North American infrastructure business, and create a publicly traded company that will have a total enterprise value of approximately $854 million in a deal that was guided by Winston & Strawn LLP and Jones Day.
A Turkish power generating company urged a D.C. federal court Thursday to deny Pakistan's bid to toss the company’s suit to enforce an $846 million arbitral award issued over a rental power project, arguing that the country's allegations that the project was tainted by corruption are misplaced.
A number of World Trade Organization cases spurred by the Trump administration’s national security-based duties on steel and aluminum will move toward a more contentious stage at an Oct. 29 meeting of the WTO’s dispute wing, according to a meeting agenda circulated Friday morning.
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.
The tech industry is now at the center of policies designed to protect U.S. technology from foreign access and influence — including not only restrictions on foreign investment, but also supply chain exclusions, limits on academic research, curbs on third-country technology transfers and measures against foreign control of key raw materials, says Hdeel Abdelhady of MassPoint Legal and Strategy Advisory PLLC.
The process of applying for litigation financing isn’t difficult, but few do it right the first time. Following five steps in your application process will help make sure litigation funders are convinced of the value of your company's legal claims, says Molly Pease of Curiam Capital LLC.
The Democratic Party is expected to take control of the House of Representatives next year, which will dramatically increase the congressional investigations risks for the private sector. Prime targets include pharmaceutical, financial services and technology companies, says Brian Smith of Covington & Burling LLP.
The U.S. Environmental Protection Agency's Office of Inspector General recently released its strategic plan for 2019 to 2023. Brian Stansbury and Leah Min of King & Spalding LLP provide insights on several noteworthy aspects, such as how the OIG will hold the EPA accountable for meeting 2019 targets and rely on data and business analytics to meet its goals.
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.