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Energy

  • December 7, 2018

    Aegean Marine Announces Tentative Creditor Settlement

    Counsel for Greek marine refueling company Aegean Marine Petroleum Network Inc. told a New York bankruptcy court on Friday that the debtor had reached a tentative global settlement with its unsecured creditors, putting off what was expected to be a contentious hearing on several objections lodged by those creditors.

  • December 7, 2018

    Nexus Can Access Land For Pipeline Work, 6th Circ. Says

    A Sixth Circuit panel on Friday agreed with a lower court that gave Nexus Gas Transmission LLC quick access to landowners' properties in Ohio so that it could proceed with pipeline construction in a timely way.

  • December 7, 2018

    Offshore Driller Seeks Ch. 15 Amid Brazilian Restructuring

    Brazilian offshore oil driller Servicos de Petroleo Constellation Friday asked a New York bankruptcy court to recognize the reorganization proceedings it said it has launched in Brazil to reduce its $1.5 billion in debt in the face of a sustained business downturn.

  • December 7, 2018

    German Power Giant To Allow More Danish Energy After Probe

    The largest high-voltage electricity transmitter in Germany will let in more energy from Denmark suppliers to end a European Commission investigation that it choked the supply of cheap Nordic electricity in favor of German-produced power, regulators said Friday.

  • December 7, 2018

    Miss. High Court Nixes Expert Opinion In $450M Valuation Row

    A Mississippi circuit court was correct in excluding expert testimony sought by a power company attempting to lower the value of its power plant by up to $450 million, the Mississippi Supreme Court has found.

  • December 7, 2018

    Corps, Dakota Access Say Tribes Didn't Obey Order

    The U.S. Army Corps of Engineers and Dakota Access LLC said that several Native American tribes had failed to follow a D.C. federal judge’s order to spell out what claims they plan to continue with in their challenge to the Dakota Access pipeline, as the tribes contended that the record in the case should be fleshed out first.

  • December 7, 2018

    Pipeline Contractor Says EQT Skipped Bill On Spill Cleanup

    A pipeline construction contractor filed a lawsuit in Pennsylvania state court Thursday claiming that EQT Gathering LLC is refusing to pay a nearly $2 million bill for cleaning up another company’s spill on its construction site.

  • December 7, 2018

    Carpatsky Gets Final OK For $147M Award In Oil Deal Dispute

    A Texas federal judge has finalized his judgment confirming U.S.-based Carpatsky Petroleum Corp.’s $147 million arbitration award against Ukrainian company OJSC Ukrnafta over a soured oil and gas development deal, after allowing the latter to drop some of its remaining claims and severing the allegations it still wants to pursue.

  • December 7, 2018

    Vt. Lets Entergy Transfer Nuke Plant To Demolition Firm

    Vermont utility regulators on Thursday approved a plan for Entergy Corp. to transfer a shuttered nuclear plant to a large-scale demolition firm with the goal of speeding up the decommissioning process, despite environmentalists' concerns that the company may not be up to the job.

  • December 7, 2018

    Ohio Mineral Owners Say Oil & Gas Drillers Dug Too Deep

    A group of mineral owners has filed a proposed class action in Ohio federal court that alleges an ExxonMobil unit and other companies drilled in an area they had no permission to access.

  • December 7, 2018

    7th Circ. Tosses Contract Row Over Water-Damaged Sand

    A metal flow engineering company that tried holding a contractor accountable for delivering a damaged order of sand brought its lawsuit to court too late, the Seventh Circuit has held.

  • December 7, 2018

    MVP: Simpson Thacher's David Lieberman

    David Lieberman of Simpson Thacher & Bartlett LLP has been involved in several high-profile energy cases, including representing Vistra Energy Corp. in a $20 billion merger with Dynegy Inc. and helping Global Infrastructure Partners acquire NRG Energy's renewable energy business, landing him among Law360's 2018 Energy MVPs.

  • December 7, 2018

    Data-Driven Lawyer: Morgan Lewis' J. Kyle Poe

    Morgan Lewis' J. Kyle Poe, a self-proclaimed "elder millennial," created a client management platform to streamline the firm's work in asbestos litigation that is now used across practice areas, making the firm's business more efficient and upping its ability to attract clients through innovative fee arrangements, earning him a spot on our 2018 list of Data-Driven Lawyers.

  • December 7, 2018

    Better Together Is The Energy M&A Theme Of 2018

    Consolidation hit the oil and gas sector full-bore this year with multbillion-dollar tie-ups between drillers and tax and regulatory-driven roll-ups of midstream companies, while the appetite for renewable energy assets continued to grow. Here are five M&A trends that stood out to energy attorneys in 2018.

  • December 6, 2018

    EPA's Coal Gift Hints At Broader Climate Policy Challenge

    The U.S. Environmental Protection Agency's Thursday rollback of Obama-era coal plant carbon dioxide emission regulations is intended to help revive the struggling industry and contains a hint that the administration is considering how to challenge or circumvent an earlier finding that CO2 endangers human health, experts said.

  • December 6, 2018

    Ex-Refinery Worker Can't Revive 'False Positive' Test Row

    A man who was fired from a LyondellBasell refinery after what he alleges was a false positive test for cocaine cannot revive his lawsuit against the company claiming its negligence caused the result, a Texas appellate court held Thursday.

  • December 6, 2018

    $23M Suit Over Energy Asset Sales Not Covered: 8th Circ.

    The Eighth Circuit on Thursday affirmed the dismissal of an oil services company's case against an insurer over underlying $23 million unfair-competition claims, saying a lower court was right that coverage was not available.

  • December 6, 2018

    Tronox Awaits Chance To Sell FTC On Planned $2.4B Merger

    A Federal Trade Commission judge is set to decide early next week if Tronox Ltd. may ask the commissioners if its proposal to sell off a titanium dioxide plant in Ohio adequately assuages their fears about its planned merger with Saudi-owned chemical mining company Cristal.

  • December 6, 2018

    Solar Co., Investors Seek End To Suit After Chancery Prod

    Opponents in an investor-led merger challenge and stock appraisal suit involving two solar power technology companies reported a settlement agreement late Thursday, potentially heading off litigation that Delaware's chancellor recently warned could burn any possible benefits.

  • December 6, 2018

    Mission Coal Lenders Offer $145M Stalking Horse Bid

    Mission Coal Co. on Wednesday asked an Alabama bankruptcy court for permission to accept a $145 million stalking horse credit bid from its debtor-in-place lender for some of its coal mines.

Expert Analysis

  • Will High Court Avoid Deadlock In Lorenzo?

    Susan Hurd

    Oral argument in Lorenzo v. U.S. Securities and Exchange Commission revealed clear divisions within the U.S. Supreme Court on the type of conduct that forms the basis of liability under Rule 10b-5, say attorneys with Alston & Bird LLP.

  • A Comparison Of This Year's Carbon Tax Proposals: Part 2

    Noah Kaufman

    In the second installment of this two-part series about four carbon pricing policy plans that garnered attention in 2018, Noah Kaufman of Columbia University's Center for Global Energy Policy discusses the potential impacts each would have on emissions, energy markets and the economy.

  • A Comparison Of This Year's Carbon Tax Proposals: Part 1

    Noah Kaufman

    Four carbon pricing policy plans garnered attention in 2018, including the first bipartisan federal carbon tax proposal in eight years. In the first installment of this two-part series assessing the potential impacts on emissions, energy markets and the economy, Noah Kaufman of Columbia University's Center for Global Energy Policy looks at the similarities and differences.

  • A Closer Look At New Calif. Pension Fund Climate Law

    Kristie Blase

    Landmark California legislation going into effect in January requires the two largest pension funds in the U.S. to publicly report on their climate-related financial risks, which should result in more widespread adoption of financial disclosure recommendations from the Financial Stability Board, say attorneys with CKR Law LLP.

  • Transportation And Infrastructure — The Road Ahead: Part 2

    Carolina Mederos

    The chances that major transportation and infrastructure legislation may be passed have increased with the election of a House Democratic majority, and efforts to streamline permitting and regulation by federal agencies may further advance the prospects of significant infrastructure development, say attorneys with Squire Patton Boggs LLP.

  • Series

    Judging A Book: Ginsburg Reviews 'The Curse Of Bigness'

    Judge Douglas Ginsburg

    When reading Tim Wu’s new book, "The Curse of Bigness: Antitrust in the New Gilded Age," lawyers, economists and historians will find its broad brush maddening, and the generalist reader will simply be misled, says D.C. Circuit Judge Douglas Ginsburg.

  • 5 Things You Should Know About New Rule 23 Amendments

    John Lavelle

    For the first time in 15 years, Federal Rule of Civil Procedure 23, governing class actions, has been amended. There are five key changes that will likely impact future federal class action litigation and settlements, say John Lavelle and Terese Schireson of Morgan Lewis & Bockius LLP.

  • Transportation And Infrastructure — The Road Ahead: Part 1

    Carolina Mederos

    With President Donald Trump and Democratic congressional leaders agreeing that transportation and infrastructure are high priorities, the next Congress is likely to consider a large-scale, broad infrastructure package. But the question of how to pay for it remains, say attorneys with Squire Patton Boggs LLP.

  • Société Générale: Sanctions Enforcement Is Alive And Well

    Ama Adams

    The recent settlement between Société Générale and U.S. regulators illustrates that U.S. sanctions enforcement authorities may be shifting their attention back to large financial institutions after several years of relatively quiet enforcement across the financial services industry, say attorneys with Ropes & Gray LLP.

  • Opinion

    High Court Should Hold Securities Fraudsters Accountable

    Stephen Hall

    On Monday, the U.S. Supreme Court will hear oral argument in Lorenzo v. U.S. Securities and Exchange Commission. If the court rules that scheme liability doesn’t apply to cases involving false statements, the result will be more victims and more fraud that goes unpunished, says Stephen Hall of Better Markets.