Energy

  • August 14, 2017

    Slawson Exploration Wants ND Drill Stay Lifted In Tribal Row

    Slawson Exploration Co. Inc. on Friday asked a North Dakota federal court to allow the company to continue drilling while a review of its permits by the Interior Board of Land Appeals is underway, saying the company will suffer significant losses if it’s forced to stop.

  • August 14, 2017

    Obermayer Adds Energy Title Partner In Pittsburgh

    Obermayer Rebmann Maxwell & Hippel LLP announced Monday that it had landed a former Jackson Kelly PLLC member who specializes in title work to its Pittsburgh office in order to boost its capabilities in energy-related transactions.

  • August 14, 2017

    Andeavor Logistics To Buy Fellow Andeavor MLP For $1.5B

    Texas-based Andeavor Corp. revealed plans Monday for Andeavor Logistics LP to buy fellow Andeavor master limited partnership Western Refining Logistics for $1.5 billion, in a bid to simplify its ownership structure and position the combined MLP for long-term growth.

  • August 14, 2017

    Sierra Club Sues DOE For Grid Study Info

    The Sierra Club sued the U.S. Department of Energy in California federal court Monday over an allegedly overdue Freedom of Information Act request for details on communications concerning an electric grid study that the environmental group fears could be biased in favor of fossil fuels.

  • August 14, 2017

    Sungevity Pushes For Structured Dismissal Despite Objection

    The bankruptcy estate for rooftop solar firm Sungevity pushed back Monday against the U.S. trustee’s office’s opposition to its proposed structured dismissal, arguing that without the relief, it is forced to choose between two bad choices, neither of which would yield much of a recovery for creditors.

  • August 14, 2017

    EFH, NextEra Units Work Toward Settling Wind Credit Row

    An Energy Future Holdings Corp. unit and a NextEra Energy Inc. subsidiary have a tentative deal in the works to settle a multimillion-dollar dispute over wind farm credits, the companies told a Texas appeals court on Friday.

  • August 14, 2017

    Nabors To Acquire Tesco In $220M Deal

    Nabors Industries Ltd. on Monday announced it has reached a stock-for-stock deal to acquire Tesco Corp. to create a leading rig equipment and drilling automation provider, which Tesco's deal team said was valued at more than $220 million.

  • August 14, 2017

    Spain Can't Nix €128M Award Over Green Subsidies, Cos. Say

    Two foreign companies that won a more than €128 million ($150 million) arbitral award against Spain over renewable energy subsidies asked a New York federal judge Friday not to vacate the award, saying the motion should instead be paused pending appeal.

  • August 14, 2017

    11th Circ. Upholds Conviction For $20M Ponzi Scheme

    The Eleventh Circuit on Friday confirmed the conviction and the 17-year sentence of a Michigan man for a Ponzi scheme in which he duped investors out of more than $20 million based on false promises that he would put the funds into oil ventures.

  • August 14, 2017

    Mass. Pair Arrested Over $50M In Energy Grant Applications

    A Massachusetts couple has been arrested over accusations of submitting more than $50 million worth of fraudulent tax-free energy grant applications, of which they received more than $8 million for nonexistent renewable energy spending.

  • August 14, 2017

    Shell Wants Quick $74M Win In Unpaid Drilling Work Suit

    Shell Offshore Inc. on Friday asked a Louisiana federal court to award it $74 million in damages from Eni Petroleum US LLC over the alleged underpayment of costs associated with the dismantling of four wells in the Gulf of Mexico, arguing that Eni had breached its contract.

  • August 14, 2017

    Lawmakers Urge Feds To Bar Atlantic, Eastern Gulf Drilling

    A bipartisan coalition of more than 60 U.S. House of Representatives members told the federal government on Friday to make the Atlantic Ocean and the eastern Gulf of Mexico off-limits for oil and gas leasing.

  • August 14, 2017

    Argentina Gives EU More Time To Tweak Biodiesel Duties

    The government of Argentina has decided to give the European Union an additional seven weeks to comply with a World Trade Organization decision that faulted Brussels’ tariffs on biodiesel imported from the South American nation, according to WTO documents circulated Monday.

  • August 11, 2017

    Calif. AG Sues EPA For Docs Over Possible Pruitt Conflicts

    California’s attorney general sued the U.S. Environmental Protection Agency on Friday over allegedly failing to respond to a request for documents explaining Scott Pruitt’s potential conflicts of interest, saying the administrator may be making decisions on rules he’s litigated against in the past.

  • August 11, 2017

    2 Plead Guilty, 2 Arrested Over $15M Oil Ponzi Scheme

    Prosecutors announced Friday that two men were arrested and two previously pled guilty to charges they raised $15 million by falsely claiming investors would make impressive profits in oil and gas projects, then used two-thirds of the cash to benefit themselves and advertise to new investors.

  • August 11, 2017

    Feds, TransCanada Push To Nix Suit Over Keystone Approval

    The federal government and TransCanada Corp. continued pressing Friday to toss the Indigenous Environmental Network and North Coast Rivers Alliance’s lawsuit seeking to invalidate approvals for the company’s Keystone XL pipeline.

  • August 11, 2017

    FERC Fights Barclays Trader's Bid To Exit $453M Penalty Case

    The Federal Energy Regulatory Commission told a California federal court Thursday that a dismissal bid by one of the four Barclays PLC traders accused of market manipulation should be denied, arguing that the five-year statute of limitations tolled long enough for the case to include him.

  • August 11, 2017

    Oil Rig Co. Can Deduct Subcontractor Payments: Texas Court

    A Texas appellate court largely sided Friday with an oil rig manufacturing and maintenance company and against a state appeal contesting a tax refund ruling for the company, holding that over $79 million in subcontractor payments could properly be excluded from taxable income.

  • August 11, 2017

    Westinghouse Faces Worker Suits Over Nuke Plant Shutdown

    Westinghouse Electric Co. LLC, the contractor behind a canceled project to build two new nuclear reactors in South Carolina, and two of its units were hit with class complaints by former employees who said they lost their jobs without notice.

  • August 11, 2017

    Ranger Energy, YogaWorks Raise $125M In Downsized IPOs

    Oilfield services provider Ranger Energy Services Inc. raised $85 million late Thursday in an initial public offering that priced below range, the same day yoga studio operator YogaWorks Inc. raised $40 million after pricing at the low end of a reduced range, ending a soft week for IPOs.

Expert Analysis

  • Planning A Legal Career With A Future Relocation In Mind

    Jacqueline Bokser LeFebvre

    Lawyers move to New York City to work on some of the most sophisticated work the legal market has to offer. This exposure and experience is an amazing asset and many of the skills developed will make associates very marketable in the event they consider relocating to another market. However, this isn’t always the case, says Jacqueline Bokser LeFebvre of Major Lindsey & Africa.

  • 4 Female Perspectives On BigLaw Leadership

    Regina Pisa

    Only a handful of the largest U.S. law firms are led by women. Here, in their own words, are perspectives from Shook Hardy & Bacon Chair Madeleine McDonough, Crowell & Moring Chair Angela Styles, Morgan Lewis & Bockius Chair Jami Wintz McKeon and Goodwin Procter Chair Emeritus Regina Pisa.

  • OFAC Continues To Pursue Oil And Gas Companies

    Michael Casey

    The ExxonMobil penalty is the latest in a string of recent, increasingly aggressive U.S. Treasury Department Office of Foreign Assets Control enforcement actions targeting nonfinancial institutions and particularly entities operating in the oil and gas industry, say attorneys with Ropes & Gray LLP.

  • The Elephant In The Room: Advancing Women To Partnership

    Anusia Gillespie

    Despite more focus and investment, the numbers continue to show little progress in advancing women to the top tiers of firm leadership. Considering the irreversible nature of the transformation of the market for top talent, it is time to start experimenting and innovating from the core, rather than from the periphery, say Anusia Gillespie and Scott Westfahl of Harvard Law School.

  • How Midsize Law Firms Can Minimize Cybersecurity Threats

    K. Stefan Chin

    It can be challenging for midsize law firms to develop an enterprise cybersecurity program that mitigates the eminent threat of data breach and meets the regulatory and compliance requirements of the firm and its clients. This challenge becomes daunting when considering the steady rise in client audits, say K. Stefan Chin of Peckar & Abramson PC and John Sweeney of Logicforce.

  • Federal Energy Procurement Programs Remain Attractive

    Taite McDonald

    The Trump administration's actions sometimes seem to favor fossil fuels at the expense of clean and innovative energy solutions. But federal energy procurement programs clearly continue to promote an integration of the two. The market for renewable energy at military and other government installations will likely continue to grow, say Taite McDonald and Stephen Bolotin of Holland & Knight LLP.

  • The ‘Failing Firm’ Defense: Pointers From A Blocked Deal

    Danyll Foix

    The recently blocked merger between EnergySolutions and Waste Control Specialists not only confirms that exclusive negotiation, or “no talk,” terms in transactions can thwart antitrust defenses like the “failing firm” defense, but also illustrates how parties may implement these terms without creating antitrust problems, says Danyll Foix of BakerHostetler.

  • How Industry Is Responding To FERC On State Policies

    Stephen Hug

    In May, the Federal Energy Regulatory Commission held a conference focused on the interplay between state policy goals and the organized energy markets in the eastern U.S. The subsequent comments from more than 70 interested parties reflect a basic lack of consensus among industry participants on the best approach going forward, say attorneys with Bracewell LLP.

  • Turning Bust To Boom: P3 Initiatives Under PROMESA

    Richard Cooper

    Normally, investors and lenders to public-private partnerships avoid pursuing projects where the government’s ability to provide financial, operational and logistical support is subject to considerable uncertainty. But the tools provided by the Puerto Rican Oversight, Management and Economic Stability Act can help mitigate some of these risks and even facilitate future projects in Puerto Rico, say attorneys with Cleary Gottlieb Ste... (continued)

  • Weekly Column

    Innovating For Wise Juries: Matching Experts

    Stephen Susman

    In the penultimate installment of this series, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project answer a question on many legal analysts’ minds: What if both sides’ expert witnesses sat in a hot tub discussing the case while a jury watched?