Energy

  • March 12, 2007

    Tesco Drills Oil Companies Over Motor Patent

    Shifting its battle from the oil fields to the courthouse, Canadian oil drilling company Tesco Corp. has filed a patent infringement lawsuit in Texas against a rival manufacturer and an oil rig operator over portable motors used for drilling.

  • March 12, 2007

    Russian Police Raid PwC For Evidence Against Yukos

    Russian police investigators seized computer databases of PricewaterhouseCoopers’ Moscow offices on Friday as part of an investigation into whether the international auditing firm had helped the now bankrupt oil giant Yukos avoid taxes.

  • March 12, 2007

    Judge Refuses To Toss Contamination Suit

    A Manhattan district court on Wednesday batted down an attempt by Unocal Corp. and other oil companies to dismiss a suit accusing them of mishandling a gasoline additive that has contaminated groundwater.

  • March 12, 2007

    ConocoPhillips Sued For $10B Over East Timor Rights

    ConocoPhillips Inc. has been accused in U.S. federal court of cooperating with corrupt Indonesian officials and using stolen research data to gain access to $50 billion worth of oil and natural gas reserves in the Malay Archipelago.

  • March 12, 2007

    Judge Approves $73M Arthur Andersen Settlement

    Shareholders of Enron Corp. will soon enjoy a $72.5 million payday, after a Texas judge approved a settlement in their long-running case against Enron auditor Arthur Andersen LLP.

  • March 9, 2007

    Ex-Aide Accuses KeySpan Of Retaliatory Fire

    The former top spokesman at energy giant KeySpan Corporation has accused his one-time employer of illegally firing him as revenge for warning executives about rumors regarding potential accounting improprieties at the utility.

  • March 9, 2007

    Nuclear Energy Imperils E.U. Climate Change Plan

    Leaders in the European Union on Friday agreed to an ambitious set of measures to reduce global warming far and beyond current Kyoto Protocol levels. But divisions over how to reach that goal are already threatening to derail the newly formed pact.

  • March 9, 2007

    Show Me The Studies, FERC Tells Canada

    While the Canadian government has waged opposition to two proposed liquefied natural gas terminals off the coast of Maine, it has yet to supply evidence that the projects pose environmental and safety risks, the U.S Federal Energy Regulatory Commission said Friday.

  • March 9, 2007

    Governor Seeks Review Of Energy Ownership Rights

    The governor of West Virginia has reported calling for the state to clarify its laws governing gas and oil ownership rights in light of a $404 million verdict in a class action that alleged a gas company underpaid royalties and fixed prices.

  • March 9, 2007

    Ropes & Gray

    Ropes & Gray’s energy practice, which has been around since the early 1900s, considers itself a cross-borders group. It includes, for instance, corporate lawyers who concentrate on transactions between energy providers.

  • March 9, 2007

    Texas Regulators Want To Weigh In On TXU Deal

    The controversial $44 billion takeover of TXU Corp. has sparked discussion in the Texas Senate about whether the state's utilities regulator should have more power to review and take action on mergers.

  • March 8, 2007

    E.C. Mulls Fresh Approach To Unbundling

    Facing mounting opposition from energy firms, the European Union's competition watchdog is reportedly mulling alternatives to its proposals to increase competition in the energy sector by forcing companies to unbundle their production and distribution capabilities.

  • March 8, 2007

    Circuit Upholds American Electric's Benefits Denial

    A circuit court has upheld a ruling that denied disability benefits to a former American Electric Power Service Corp. maintenance mechanic.

  • March 8, 2007

    Pataki Takes On Energy Role At Chadbourne

    Former New York Gov. George E. Pataki has signed on with Chadbourne & Parke, where he will focus his efforts on energy, environmental and corporate law matters.

  • March 8, 2007

    SEC Probes E.ON Over Accounting

    The U.S. Securities and Exchange Commission has launched an investigation into German energy firm E.ON AG over its accounting practices between 2000 and 2003, according the company’s recent 20-F filing with the agency.

  • March 8, 2007

    House Creates New Committee On Global Warming

    In a move seen as a coup for Speaker Nancy Pelosi, D-Calif., the U.S. House of Representatives voted on Thursday to create a committee on global warming and energy independence.

  • March 7, 2007

    Court Sides With Union In Bargaining Agreement Spat

    A company that split from Shell Oil Co. but kept its workers union’s collective bargaining agreement was wrong to hire subcontractors instead of union members after the changeover, an appeals court decided on Tuesday.

  • March 7, 2007

    E.U. Takes Further Action On E.On-Endesa Merger

    Angered by Spain’s continued lack of response, the European Commission on Wednesday formally requested that country’s energy authority withdraw conditions it imposed on the E.On-Endesa merger.

  • March 7, 2007

    Reliant Unit To Shell Out $22M Over Trading Episode

    Reliant Energy Services Inc. has agreed to fork over $22.2 million to the government to settle a pending indictment related to a trading incident that occurred years ago.

  • March 7, 2007

    Bangor Gas Fined $1 Million For Shipping Violations

    Bangor Gas Co. agreed to pay $1 million on Wednesday to settle allegations by federal energy regulators that it violated certain restrictions on shipments of natural gas.