Energy

  • March 18, 2009

    Valero Picks Up 7 VeraSun Ethanol Plants For $477M

    Oil refiner Valero Energy Corp. is now also an ethanol producer. A bankruptcy court Wednesday approved the company's $477 million bid for seven refineries auctioned by VeraSun Energy Corp., which also sold its remaining nine refineries to secured creditors for $516 million.

  • March 18, 2009

    Mayo To Pay Sandridge $2M In Oil Services Spat

    A federal judge has ordered Mayo Energy Partners LLC to pay more than $2 million as part of an agreed dismissal of a suit brought by Sandridge Energy Inc. that accused the foreign energy company of failing to pay nearly $3 million for oil and gas exploration services performed by Sandridge.

  • March 18, 2009

    RWE To Shed German Gas Network Over EU Worries

    The European Commission agreed Wednesday to accept RWE Group's offer to sell its German gas transmission network to assuage concerns that the company abused its dominant power over the gas markets in that country.

  • March 18, 2009

    Power Co. Can't Alter New Pricing Model: DC Circ.

    A federal appeals court has denied Public Service Electric and Gas Co.'s petition to review Federal Energy Regulatory Commission orders on a new model for pricing electricity, shutting down the power company's bid to alter a provision of the model.

  • March 17, 2009

    Whipstock Settles Drilling Patent Suit V. Key Energy

    Whipstock Services Inc. has settled an infringement suit it filed against Key Energy Services Inc. over a patent that relates to wellbore window milling, and last week filed suits against Schlumberger Ltd. and Smith International Inc. over the same patent.

  • March 17, 2009

    DOI, FERC Settle Turf War Over Hydropower Projects

    After three years of bickering, the U.S. Department of the Interior and the Federal Energy Regulatory Commission have reached an agreement on their respective roles in approving and overseeing the development of hydropower resources on the Outer Continental Shelf, announcing Tuesday that they would combine resources.

  • March 17, 2009

    DOJ, SEC Continue FCPA Probe Into Shell Oil

    The U.S. Department of Justice and U.S. Securities and Exchange Commission are continuing with a more than yearlong investigation into Shell Oil for alleged violations of the Foreign Corrupt Practices Act in connection with a Swiss shipping company, Shell disclosed Tuesday.

  • March 18, 2009

    Progress Energy Adds 12 Cos. To CERCLA Suit

    Almost a dozen companies have been added as defendants in a lawsuit filed last month by Progress Energy Carolinas Inc. against the city of Jacksonville, Fla., and Koch Industries Inc. that seeks contributions to the cleanup costs of a contaminated former electrical transformer manufacturing operation in North Carolina.

  • March 18, 2009

    Oil Co. Told To Pay Comerica $4M In Loan Default Suit

    A federal judge has ordered Pennsylvania-based fuel distribution company State Petroleum Distributors Inc. to pay Comerica Bank $4.1 million for defaulting on a loan.

  • March 18, 2009

    Dickstein Shapiro Scores Former Constellation GC

    The former general counsel at Constellation Energy Group Inc. has made the jump to Dickstein Shapiro LLP, where he will focus mainly on energy transactions, including joint ventures, acquisitions and divestitures.

  • March 16, 2009

    Schumer Gets Fired Up Over High NY Power Rates

    U.S. Sen. Charles Schumer, D-N.Y., is calling for an investigation of the state's electricity rates, saying New Yorkers' power bills are 10 percent higher than they should be.

  • March 16, 2009

    Latham Scores New Energy Partner From Dickstein

    Ken Simon, a former partner with Dickstein Shapiro LLP, has joined Latham & Watkins LLP as a partner in the energy regulatory and markets practice group.

  • March 17, 2009

    Payoffs Don't Preclude FERC License: DC Circ.

    A federal appeals court has rejected the petition of upstate New York towns and cities to review a renewed Federal Energy Regulatory Commission operating license for a hydroelectric power plant near Niagara Falls, contending that the New York Power Authority's deals to pay off certain community members in the event of the renewal aren't relevant to the licensing application.

  • March 17, 2009

    General Maritime Unit Fined $1M For Waste Oil Plot

    A federal judge has sentenced a General Maritime Corp. subsidiary to pay a $1 million fine and serve the maximum five years of probation for its role in an alleged scheme to discharge waste oil directly into the sea from the tanker M/T Genmar Defiance during a November 2007 voyage to Corpus Christi, Texas.

  • March 17, 2009

    DOI Moving Ahead On Oil Leases: Salazar

    The U.S. Department of the Interior's aggressive pursuit of renewable energy development will not stop it from leasing public lands for oil and gas development, Interior Secretary Ken Salazar told a Senate committee that included Republicans who expressed concerns over reviews of Bush-era oil and gas leases.

  • March 17, 2009

    Locke Lord Lands Akin Gump Energy Guru

    Locke Lord Bissell & Liddell LLP has snagged energy finance expert Xanthe M. Larsen from Akin Gump Strauss Hauer & Feld LLP to serve as a partner in the firm's Washington, D.C., office.

  • March 16, 2009

    Calif. Law Firm At Center Of Bloody Kazakh Oil Fight

    Plaintiffs in litigation stemming from a violent dispute over an oil and gas concession in southern Kazakhstan have asked that Freeman Freeman & Smiley LLP be barred from acting as the defense counsel in the case because representatives of the firm may have information about the attempted assassination of one of the plaintiffs, among other things.

  • March 16, 2009

    Marathon Challenges Order Protecting Lyondell Parent

    Marathon Petroleum Co. LLC has challenged a decision by the judge overseeing Lyondell Chemical Co.'s bankruptcy proceedings to block creditors from taking action against the chemical company's Luxembourg-based parent, LyondellBasell Industries AF SCA.

  • March 13, 2009

    Bill Barrett Loses Bid To Bar Wyo. Coal Exploration

    Natural gas producer Bill Barrett Corp. has lost a preliminary bid to stop the government from allowing coal exploration in a portion of northeastern Wyoming that the company claims will damage its natural gas wells.

  • March 13, 2009

    Ethanol Industry Cheers SD Blender Pump Tax Law

    South Dakota's ethanol industry is praising a state law creating a flat tax on ethanol purchased from “blender pumps,” arguing that the lower tax for ethanol versus gasoline will provide an incentive for drivers to buy blends with higher proportions of ethanol.