Energy

  • August 27, 2019

    Wyo. Says Calif. Bid To Revive Methane Reg 'Makes No Sense'

    Wyoming has fought back against California's push to reinstate Obama-era methane emission limits on natural gas production on federal and Native American lands, arguing that the previous rule was a “transparent” attempt to regulate climate change without authority.

  • August 27, 2019

    Unions' Contracts Hold Up FirstEnergy Ch. 11 Confirmation

    An Ohio bankruptcy judge has ruled that FirstEnergy Solutions Corp. must decide how its union contracts will be dealt with in Chapter 11 before the company's reorganization plan can be confirmed. 

  • August 27, 2019

    Bernstein, Robbins, Others Vie For Lead In EQT Deal Suit

    Seven firms including Bernstein Litowitz, Robbins Geller and Pomerantz petitioned a Pennsylvania federal court Monday seeking to take the lead of a proposed investor class action against EQT Corp. over its alleged exaggeration of the benefits from its merger with Rice Energy.

  • August 27, 2019

    Kazakhstan Leans On Fraud Claims In Disputing $500M Award

    Kazakhstan argued in a Dutch court Tuesday that two Moldovan investors should be blocked from collecting a $500 million arbitration award over a seized oilfield, claiming the pair committed procedural fraud that should make the ruling unenforceable in the Netherlands.

  • August 27, 2019

    Baker Botts, Kirkland Shape BP's $5.6B Alaska Exit

    BP PLC unveiled plans Tuesday to sell its entire Alaska business to an affiliate of private equity-backed Hilcorp Energy Co. in a $5.6 billion deal led by Baker Botts and Kirkland, as part of an ongoing effort by BP to reshape its portfolio.

  • August 26, 2019

    Ex-Massey CEO Nears Toss Of Conviction With Brady Finding

    A West Virginia magistrate judge recommended that a federal court should toss the conviction of former Massey Energy CEO Don Blankenship because prosecutors admitted they withheld evidence that could have helped him fight charges he conspired to violate mine safety laws.

  • August 26, 2019

    EPA Says Delayed Landfill Rule Deadline Nullifies Court Order

    The U.S. Environmental Protection Agency said Monday it had delayed certain deadlines for implementing Obama-era regulations aimed at reducing landfill emissions under the Clean Air Act, and therefore the California federal court's mandate for the agency to act should be lifted.

  • August 26, 2019

    TCEQ Opposes Fracking Sand Co.'s Request To Ditch Railcars

    A Texas environmental regulatory agency on Monday opposed a motion from bankrupt fracking sand miner Shale Support Global Holdings LLC to reject leases for more than 300 rail freight cars and abandon their contents, saying the debtor's motions don't provide the location of the railcars or what they contain.

  • August 26, 2019

    Baker McKenzie Steers $364M Genscape Sale To Verisk

    Media conglomerate Daily Mail and General Trust PLC said Monday it is selling its market analytics company Genscape to Verisk for $364 million, with guidance from Baker McKenzie, as part of an ongoing portfolio trimming.

  • August 26, 2019

    Conoco Details Venezuela Service Efforts In $8.75B Award Suit

    ConocoPhillips on Monday outlined its attempts to serve Venezuela with a suit seeking to enforce an $8.75 billion award, responding to a New York federal court order that asked for details on its efforts.

  • August 26, 2019

    Pa. Panel Upholds Zoning Approvals For Sunoco Pipeline

    A Pennsylvania appeals court on Monday affirmed the dismissal of a homeowner association's lawsuit alleging that equipment Sunoco LP built for a portion of its controversial Mariner East 2 natural gas pipeline violated local zoning rules and state environmental protections.

  • August 26, 2019

    Texas Insists Grid Project Law Is Constitutional

    Texas officials told a federal judge Friday there's nothing unconstitutional about the state's recently enacted law saying only incumbent transmission companies can build new power lines that connect to their existing systems, urging him to dump a suit lodged by an out-of-state transmission developer.

  • August 26, 2019

    SEC Balks At Broad Releases In Emerge Energy Ch. 11 Plan

    The U.S. Securities and Exchange Commission objected to the proposed Chapter 11 plan of frac sand miner Emerge Energy Services LP on Saturday, saying releases included in the plan would absolve nondebtors of liability and are impermissible under the bankruptcy code.

  • August 26, 2019

    Deals Rumor Mill: RRJ Capital, JAB, EssilorLuxottica

    An RRJ Capital-led group is reportedly close to investing $4 billion in Ingram Micro, JAB Holding Co. wants to raise up to $8 billion to fund additional deals in the consumer sector, and Third Point has snapped up a stake in EssilorLuxottica.

  • August 26, 2019

    Saudi Heirs Say $18B Chevron Award Fight Should Continue

    Petitioners seeking to confirm a nearly $18 billion arbitral award issued in a dispute over Saudi oil fields have urged a Texas federal court to keep alive their enforcement action, saying that efforts to serve the U.S. subsidiary of Saudi Aramco were sufficient under the New York Convention.

  • August 26, 2019

    LaFleur Exit Fuels Concern Of Future FERC Slowdown

    The looming departure of Cheryl LaFleur will leave the Federal Energy Regulatory Commission with the bare minimum of commissioners needed to make significant decisions, a scenario that has agency watchers on edge because of the increased risk of policy and project ruling delays.

  • August 26, 2019

    US Steel Owes Up To $50M For Post-Fire Pollution, Suit Says

    The Clean Air Council sued U.S. Steel Corp. on Monday, alleging it racked up as much as $50 million in potential federal penalties by failing to report releases of hydrogen sulfide and other substances after a Christmas Eve fire. 

  • August 26, 2019

    Exxon Says $2M Russia Sanctions Penalty Cannot Stand

    ExxonMobil urged a Texas federal judge Monday to invalidate the U.S. Department of Treasury's $2 million fine on the oil giant for allegedly violating Ukraine-related sanctions against Russia over an oil development deal, saying deal partner Rosneft wasn't subject to sanctions even though Rosneft's president was.

  • August 26, 2019

    Ukraine Energy Co. Gets $58M Award Against Moldova OK'd

    An approximately $58 million arbitral award issued to a Ukrainian energy company was confirmed after a D.C. federal judge rejected Moldova's arguments it had been denied due process in the arbitration that stemmed from a dispute relating to an energy-supply agreement.  

  • August 26, 2019

    Wachtell, Akin Gump Steer PDC's $1.7B Oil & Gas Biz Buy

    PDC Energy said Monday it has agreed to buy SRC Energy in all-stock deal valued at $1.7 billion that will increase its foothold on Denver, Colorado’s Denver-Julesburg Basin and was steered by Wachtell and Akin Gump.

  • August 23, 2019

    Texas Judge Pauses Magellan's Fine Bid In Late-Payment Row

    A Harris County district court judge ended a hearing Friday at which Magellan Terminals Holdings was seeking emergency sanctions against a company over the late payment of a $1.7 million judgment in a breach of contract case, holding that tax returns were needed before any rulings could be made.

  • August 23, 2019

    Perkins Coie Snags Holland & Hart Enviro Partner In DC

    Perkins Coie LLP brought onboard a Holland & Hart LLP environmental and natural resources attorney with experience in both the private and public sectors for its Washington, D.C., office.

  • August 23, 2019

    AECOM Sued Over Deadly Gas Leak At Pa. Power Plant

    AECOM, which designed a coal-ash processing facility at FirstEnergy’s Bruce Mansfield Power Plant, was negligent in allowing it to build up dangerous levels of gas that killed two workers and injured another when it was accidentally released in 2017, according to a lawsuit filed in Pennsylvania state court.

  • August 23, 2019

    EU-Wide Aviation Tax Faces Steep Climb

    Taxes designed to curb pollution from air travel in the European Union would have the most impact on a bloc-wide level, but cross-border measures might not happen without a policy change that would prevent member countries from vetoing new levies.

  • August 23, 2019

    Class Wins Cert. In Southern Co. 'Clean Coal' Plant Row

    A Georgia federal court on Thursday granted class status to a group of shareholders suing Southern Co. over a botched project to build a so-called "clean coal" plant in Mississippi.

Expert Analysis

  • Directors Must Heed SEC On Cybersecurity And Social Media

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    The U.S. Securities and Exchange Commission has made clear that it expects companies to take action to avoid and remediate cybersecurity breaches, and to carefully review information disclosed via social media. But many officers and directors remain underprepared for SEC enforcement in these areas, say attorneys at Vinson & Elkins.

  • Q&A

    A Chat With Gilead Sciences Legal Ops Leader Gary Tully

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    In this monthly series, legal recruiting experts from Major Lindsey & Africa interview legal industry leaders about the increasingly competitive business environment. Here, Rod Osborne talks with Gary Tully, head of legal operations at Gilead Sciences.

  • Opinion

    Oil Cartel Bill's Passage Is Long Overdue

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    The No Oil Producing and Exporting Cartels Act has been reintroduced in Congress, and the oil market conditions that spurred this needed legislation in 2000 are just as widespread today — but so are the inaccurate criticisms of this bill, says attorney Seth Bloom, who drafted the original version of NOPEC.

  • Series

    Why I Became A Lawyer: Completing The Journey Home

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    My mother's connection to her Native American heritage had a major influence on my career — my decision to enter the legal profession was driven by the desire to return to my tribal community and help it in any way I could, says Jason Hauter of Akin Gump.

  • Series

    Judging A Book: Wood Reviews 'The Making Of A Justice'

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    Retired U.S. Supreme Court Justice John Paul Stevens' new book, "The Making of a Justice," is required reading for anyone interested in 20th and 21st century America, says Seventh Circuit Chief Judge Diane Wood.

  • PG&E Oversight Battle Looms For FERC, Bankruptcy Court

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    Although the Federal Energy Regulatory Commission recently reasserted its concurrent jurisdiction with the bankruptcy court over the disposition of Pacific Gas and Electric’s wholesale power contracts in bankruptcy, it is reasonable to assume that this clash between two governmental entities will ultimately be resolved in the U.S. Supreme Court, say attorneys at Blank Rome.

  • Getting Out Of Legal Project Management Debt

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    If a client does not demand the application of project management techniques at the start of a matter, or a law firm does not routinely apply them, it is highly likely that additional, avoidable work — legal project management debt — will materialize throughout the matter, says Anthony Widdop of Shearman & Sterling.

  • Opinion

    NAFTA Update A Step Backward For US Investors

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    Under the U.S.-Mexico-Canada Agreement, U.S. investors would lose the robust international law protections and dispute resolution mechanisms that they have relied on for years in the North American Free Trade Agreement, say Ian Laird and Melissa Morris of Crowell & Moring.

  • Traders At Risk Of DOJ Wire Fraud Charges For Spoofing

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    In U.S. v. Vorley, the U.S. Department of Justice has charged two commodities traders with wire fraud, based on an alleged spoofing scheme. The DOJ's approach could greatly expand potential criminal liability for spoofing activity, say attorneys at Mayer Brown.

  • 4 Ways State AGs Are Targeting Energy Sector

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    State attorneys general are playing an increasingly prominent role in regulating energy and environmental activity within their states. Energy sector participants should note AG priorities and take a proactive approach, say attorneys at WilmerHale.

  • 6 Ways To Keep Your Jury From Zoning Out

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    Science suggests that at least some jurors pay attention to less than 65% of the evidence during a trial due to "task-unrelated thoughts," but there are steps attorneys can take to present information in a more engaging, cognition-friendly fashion, say Dennis Stolle and Dennis Devine of Barnes & Thornburg.

  • 5 Myths In Legal Crisis Communications

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    Having worked at a boutique law firm, a crisis communications agency and in BigLaw, I have identified a number of common misconceptions across these disparate business models when it comes to crisis and litigation communications, says Robert Gemmill of Hogan Lovells.

  • How Del. High Court Sees Discussion Vs. Negotiation In M&A

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    Although there is still no bright-line test, last month's Delaware Supreme Court decision in Olenik v. Lodzinski clarified the difference between “preliminary discussions” and “negotiations” for purposes of the requirement set forth in the 2014 case Kahn v. M&F Worldwide, say attorneys at Fried Frank.

  • An Overview Of The Debate Over Litigation Finance Disclosure

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    In light of a New York federal court's recent decision in Benitez v. Lopez, which joins a growing body of case law denying forced disclosure of commercial litigation finance, Stephanie Spangler of Norris McLaughlin and Dai Wai Chin Feman of Parabellum Capital break down the arguments commonly raised for and against disclosure.

  • Nuclear Power In The Age Of Decommissioning

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    U.S. nuclear power plant operators are increasingly seeking to transfer responsibility for decommissioning to new specialist entities — and early examples suggest that regulatory authorities will allow and support these transfers, say attorneys at WilmerHale.

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