Bankrupt oil and gas producer Ultra Petroleum Corp. said Tuesday that it will pay Rockies Express Pipeline LLC $150 million and ink a new natural gas transportation contract to settle a $303 million breach of contract claim brought by the pipeline's operator, Tallgrass Energy Partners LP.
Three Western states and industry groups lost a bid Monday to block a Bureau of Land Management rule aimed at limiting methane releases from drilling operations on federal and Native American lands from taking effect Tuesday while a Wyoming federal judge hears the merits of the case.
Exxon Mobil Corp. said Tuesday it will pay up to $6.6 billion for Bass-family companies that own drilling properties in the oil-rich Permian Basin, one day after Noble Energy Inc. expanded its Permian holdings by acquiring Clayton Williams Energy Inc. in a $2.7 billion deal.
The newest deal team to join Dechert LLP’s Hong Kong office clocked a busy first two weeks, with the team of former Cadwalader Wickersham & Taft LLP attorneys sealing five separate transactions.
A Delaware vice chancellor approved a stockholder request Thursday to dismiss one class suit from near-twin damage claims arising from a $13 billion Williams Cos. merger defense that cost the the company $428 million to abandon last year.
The Environmental Protection Agency on Friday filed a notice with the Federal Register saying it has reached an agreement to settle a suit filed by environmental groups accusing the agency of failing to update its air quality standards for sulfur oxide and oxides of nitrogen every five years.
Petroleum industry groups told the D.C. Circuit on Thursday that the statutory volumes set for the U.S. Environmental Protection Agency’s Renewable Fuel Standard program aren’t possible in the "real world," asking the appeals court to back the agency's view of its authority to break with Congress’ timetable for incrementally replacing conventional fuels with renewables.
Potomac Electric Power Co. has agreed to pay a $1.6 million civil penalty and implement stormwater treatment measures to resolve a federal enforcement action over Clean Water Act permit violations at its service center in Washington, D.C., the U.S. Department of Justice said Friday.
A Delaware bankruptcy judge agreed Friday to approve Triangle USA Petroleum Corp.’s disclosure statement for its Chapter 11 plan, allowing the oil driller to solicit creditor votes on a strategy centering on unsecured creditors swapping out debt for equity in a reorganized company.
The U.S. Environmental Protection Agency and the U.S. Army Corps of Engineers on Friday urged the Sixth Circuit to uphold the controversial Clean Water Rule against the onslaught of industry challengers, states, environmental groups and municipalities that dragged them to court over the rule.
Energy policy takes center stage on Capitol Hill starting Tuesday when the U.S. Senate begins confirmation hearings for President-elect Donald J. Trump's nominees for secretaries of Energy and the Interior and for administrator of the U.S. Environmental Protection Agency. Here's a glimpse of what to expect in each hearing.
The U.S. Department of Transportation signed off on new regulations governing the safety and upkeep of onshore hazardous liquid pipelines Friday, fulfilling an obligation under a law passed in June 2016 aimed at strengthening rules around the transportation of energy.
Four former New Jersey governors on Thursday voiced their opposition to a proposed natural gas pipeline that would traverse 21.6 miles of the environmentally sensitive Pinelands region, telling the agency set to vote on the project that it contravenes the preservation goal for the area.
In an action taken just days before Donald Trump is sworn in as the next president, the U.S. Environmental Protection Agency finalized rules Thursday that will maintain heightened greenhouse gas emissions standards for 2022 through 2025 model year cars and light trucks.
Attorneys for a class of residents who reached a $375 million settlement with Dow Chemical Co. and a former Rockwell subsidiary owned by Boeing Co. over exposure to nuclear waste in a 27-year-old class action asked for $150 million in fees in Colorado federal court on Thursday.
A recent Pennsylvania appellate court ruling that state law does not authorize ongoing penalties for a single waterway leak could dramatically weaken the Pennsylvania Department of Environmental Protection’s negotiating power when punishing future spills, but the fate of the case likely rests with a reshuffled state Supreme Court lacking a clear record on environmental matters.
Canadian energy infrastructure company AltaGas could pay up to $6 billion for Washington, D.C.-based natural gas utility WGL Holdings, telecommunications equipment manufacturer Arris International is in talks to buy Brocade Communications’ networking equipment business and private equity-owned ski resort operator Intrawest Resorts is on the chopping block.
Blackstone’s energy-focused private equity business and Sanchez Energy Corp. said Wednesday they’ve teamed up in a 50-50 partnership to buy Anadarko Petroleum Corp.’s working interest in a South Texas oil and gas shale play for $2.3 billion in a deal guided by Kirkland & Ellis LLP.
The New Jersey Supreme Court has imposed a three-month suspension on a former Drinker Biddle & Reath LLP attorney who inflated his billable hours spent on a matter involving Maxus Energy Corp., leading the company to overpay the firm by nearly $50,000.
In this week’s Taxation With Representation, The Williams Cos. Inc. is undertaking an $11.4 billion repositioning of its financial relationship with its master limited partnership, Japanese pharmaceutical company Takeda is purchasing an oncology-focused firm in Massachusetts for $5.2 billion, and a new partnership will buy controlling stakes in McDonald’s in China and Hong Kong for $2.08 billion.
Dec. 14, 2016, marks the first birthday of the implementation of Hong Kong’s Competition Ordinance. From educating consumers on the benefits of competition, to studying the industries that affect consumers most, and beginning to bring enforcement actions against offenders, it has been a productive year for the Competition Commission, says Jessica Hoke VanDerMiller of Squire Patton Boggs (US) LLP.
When trial lawyers fail to recognize the unique challenges faced by in-house counsel, it jeopardizes not only the outcome of the case, but also the opportunities for future representation. These few simple strategies are hardly rocket science, but they are too often neglected, says Matthew Whitley of Beck Redden LLP.
Congress and federal agencies have dramatically strengthened cybersecurity requirements and authorities in the energy sector over the last year. Important recent developments include enactment of the Cybersecurity Act and the FAST Act, adoption of critical infrastructure protection standards, and efforts by industry to coordinate private sector responses to the threat, say Jason Chipman and Jonathan Cedarbaum of Wilmer Cutler Picke... (continued)
Following Marblegate, a number of actions have been filed challenging out-of-court restructurings under Section 316(b) of the Trust Indenture Act. Until the Second Circuit decides the pending Marblegate appeal, the Southern District of New York’s decision last week in Cliffs Natural is a useful guidepost, say Miranda Schiller and Agustina Berro of Weil Gotshal & Manges LLP.
President-elect Donald Trump made clear on the campaign trail that he intends to roll back regulations affecting domestic oil and gas and coal production on public lands. Thomas Perry and Andrew Bell of Marten Law PLLC assess the Trump administration’s rollback options and examine four U.S. Department of the Interior initiatives outside the fossil fuel context that may be reconsidered in the near future.
Women leave law firms for many of the same reasons men do, but also face challenges including headwinds with respect to assignment delegation and social outings, as well as potential disruptions if they choose to have children. Firms can increase investment in talent management and improve retention and engagement of women attorneys, says Anusia Gillespie of Banava Consulting.
Last month, the Federal Energy Regulatory Commission proposed to amend its regulations to help bring electric storage resources and distributed energy resource aggregations in the capacity, energy and ancillary services markets operated by regional transmission organizations and independent system operators. This represents a major step forward in efforts to integrate advanced energy technologies into the wholesale electric grid, s... (continued)
For much of 2015 and 2016, barely a day went by without an anti-corruption-related headline involving Latin America, as companies operating throughout the region have and continue to become well acquainted with a growing appetite to root out corruption, say attorneys with Paul Hastings LLP.
American legal education relies almost exclusively on analytical thinking. But success in legal practice depends in large part upon an accurate emotional understanding of oneself and the human seated opposite us. Honing emotional intelligence skills can lead to greater success, and Judith Gordon of LeaderEsQ offers a few tools that can be implemented immediately to raise one’s emotional intelligence quotient.
We are privileged to be part of an employment market that hosts employees from various generations. While “differences” may imply inherent conflict, intergenerational differences can actually be used to an advantage for organizations — especially law firms, say Najmeh Mahmoudjafari, founder of ImmigraTrust Law, and William Martucci of Shook Hardy & Bacon LLP.