Petrobras said Thursday that two of its Uruguayan companies have launched international arbitration proceedings against Uruguay arising from a yearslong dispute over agreements for the companies to supply natural gas from Argentina to its smaller neighbor.
Department of the Interior Secretary Ryan Zinke said an oil and gas lease sale on Wednesday generated $121 million in high bids for tracts in the Gulf of Mexico, adding that the initiative was part of President Donald Trump’s efforts to make the country “energy dominant.”
Bankrupt natural gas storage firm Ryckman Creek Resources LLC's second-largest customer objected Thursday in Delaware court to the debtor’s plan disclosure statement, saying it doesn’t provide enough information to show how the company will be able to operate its massive underground facility post-bankruptcy.
Jones Walker LLP has beefed up its environmental litigation practice in Louisiana with the addition of two attorneys from the New Orleans firm Curry & Friend PLC.
The U.S. Environmental Protection Agency and the Army Corps of Engineers are giving the public more time to comment on a proposal to rescind an Obama-era rule defining the federal government’s permitting jurisdiction under the Clean Water Act, the agencies announced Wednesday.
The Sixth Circuit on Thursday upheld a $12.7 million award for extra work carried out by a subcontractor that cleaned up the hazardous waste left behind from the Manhattan Project, but remanded the case to recalculate interest.
Former Zweig-Dimenna partner Brenda Earl has reportedly listed a New York Hamptons estate for $175 million, Florida developer Ronny Finvarb is said to have dropped $19.2 million on a Citibank branch and plans to build a hotel there, and Italian energy company Eni is said to have renewed its lease for roughly 16,000 square feet in Manhattan.
Shares of China Unicom have been suspended due to uncertainty related to details of the company's previously announced $11.6 billion fundraise, Hellman & Friedman is looking to sell a stake in insurance brokerage Hub International, and U.S. oil and gas exploration company Energen is being pressured by shareholders to sell.
The Second Circuit said Thursday it will not revisit its decision upholding Connecticut’s program for soliciting renewable energy projects and its renewable energy standard against a solar company’s challenge that the state’s regulatory efforts infringed on federal powers and were discriminatory.
Venezuela's state-run oil company has slammed Canadian mining company Crystallex International Co.'s recent bid in Delaware federal court to seize shares of a U.S. corporation owned by it, a request Crystallex lodged in an effort to collect a $1.2 billion arbitration award against the country.
Enable Midstream Partners LP again urged an Oklahoma federal judge on Wednesday to lift an order to remove a natural gas pipeline from the property of a group of tribal landowners, saying the landowners haven’t given a persuasive reason why the company’s request shouldn’t be granted.
A private equity-backed acquisition company on Wednesday announced that it has agreed to merge with both an exploration and production company and a gatherer and processor of crude oil and natural gas to create a new company valued at $3.8 billion.
Investment adviser Capital Dynamics Inc. has agreed to pay $275,000 to resolve allegations by the U.S. Securities and Exchange Commission that it violated federal securities laws by billing a solar power fund it managed $1.3 million in legal, hiring and consulting costs that it should have paid itself.
Elon Musk's solar power company SolarCity Corp. can't escape a competitor’s unfair and unlawful competition suit alleging it stole trade secrets after breaking a promise to partner because it’s plausible Cogenra Solar Inc. relied on that promise when it turned down offers from other interested parties, a California federal judge said on Wednesday.
The Public Utility Commission of Ohio on Wednesday affirmed FirstEnergy's ability to collect a $204 million annual subsidy over at least the next three years, deciding the money will provide the company with capital and enhance its financial health despite objections from environmental groups that called the subsidy unsound.
A California federal judge on Wednesday said that Edison International was liable for breaching its fiduciary obligations under the Employee Retirement Income Security Act to workers who claimed that the utility chose unnecessarily expensive retirement plans, accepting an agreement that leaves Edison on the hook for at least $7.5 million in damages.
The state of California asked a federal judge at a hearing Wednesday for a preliminary injunction blocking Valero Energy Corp. from buying two petroleum terminals, saying it would hurt competition and raise fuel prices, while Valero warned that granting the request would kill the deal.
A Pennsylvania landowner told the state’s Environmental Hearing Board on Wednesday that the Department of Environmental Protection improperly renewed a surface mining permit to a rival in the ash disposal business, saying the company had forfeited its bond for work on the site by failing to comply with previous requirements.
The U.S. Equal Employment Opportunity Commission accused an Oklahoma-based oil and gas drilling company on Wednesday of refusing to hire qualified applicants for drilling rig positions who are over the age of 40 or who have filed workers’ compensation claims.
An attorney for private equity investors in William I. Koch’s Oxbow Carbon LLC pressed R. Robert Popeo, chairman of Mintz Levin Cohn Ferris Glovsky and Popeo PC, on Wednesday about alleged late-raised moves to avoid their cash-out demands, during questioning that closed out a six-day trial on the dispute.
Recent actions by Puerto Rico’s oversight board create a relatively broad band of recovery levels for bondholders. Investor uncertainty will likely persist for the near and medium terms, says Bradley Wendt of Charles River Associates.
The U.S. Bankruptcy Court for the Northern District of Texas recently held that an advance contractual waiver of mineral liens contained in a master service agreement between an oil and gas operator and multiple oilfield service companies was enforceable. The case is likely to influence future drafting and negotiation of master services agreements, say Brian Mitchell and Clark Donat of Bracewell LLP.
In June, the New York State Legislature passed the Energy Storage Deployment Program bill to incentivize greater use of energy storage technologies. This will be a critical piece of a multipronged strategy to flatten the peaks and troughs of the daily electricity load profile and enable high penetration of intermittent renewables, say Thomas Puchner and Kevin Blake of Phillips Lytle LLP.
If the media is going to cover your law firm’s crisis, they are going to cover it with or without your firm’s input. But your involvement can help shape the story and improve your firm’s image in the public eye, says Michelle Samuels, vice president of public relations at Jaffe.
In the final article in this series on proposed innovations to the American jury trial, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project sum up the improvements they believe the U.S. jury system desperately needs.
The Third Circuit recently affirmed that downstream purchasers took oil purchased from a bankrupt intermediary free and clear of the oil producers’ liens. The opinion is an important reminder that courts will look to the state lien laws and Uniform Commercial Code of a midstream company’s home state to determine whether the producers are secured, say attorneys with King & Spalding LLP.
While no particular form is required to establish a durable alternative fee arrangement, there are terms that should, for the benefit of both client and outside attorney, be expressly set forth in the agreement itself, but are often overlooked, say attorneys with WilmerHale.
President Donald Trump has followed through on a campaign promise to revisit — with an eye toward rescinding — the Obama administration’s Clean Water Rule. That federal pullback from wetland regulations may have unintended consequences in California, which is on the cusp of promulgating new wetland regulations of its own, says Scott Birkey of Cox Castle & Nicholson LLP.
As cybercriminals continue to look for easy targets, the court system will surely enter their crosshairs. If judges and court personnel do not maintain proper data security and cyber hygiene, confidential litigant information can fall into the hands of a wide variety of bad actors, say Daniel Garrie of JAMS, David Cass of IBM Cloud, Joey Johnson of Premise Health Inc. and Richard Rushing of Motorola Mobility LLC.
On July 27, the Office of Foreign Assets Control announced a $12 million settlement with CSE Global Limited and its subsidiary, CSE TransTel Pte. Ltd. This appears to be the first time OFAC has penalized a non-U.S., non-financial company for “causing” sanctions violations by initiating U.S. dollar payments involving a sanctioned country, say members of Paul Weiss Rifkind Wharton & Garrison LLP.