Return-path: <324-1020121-amber=transocean.com@324.vx-email.com> Envelope-to: amber@transocean.com Delivery-date: Mon, 03 Mar 2014 06:26:28 -0800 Received: from v66.vx-email.com ([198.61.252.115]:54152) by vps.transocean.com with esmtp (Exim 4.82) (envelope-from <324-1020121-amber=transocean.com@324.vx-email.com>) id 1WKTp5-0004Sp-Ld for amber@transocean.com; Mon, 03 Mar 2014 06:26:27 -0800 Received: from v66.vx-email.com ([127.0.0.1]) by v66.vx-email.com with Microsoft SMTPSVC(7.5.7601.17514); Mon, 3 Mar 2014 08:26:09 -0600 From: "Cozen O'Connor Publications" To: amber@transocean.com Subject: Energy, Environmental & Utilities Alert Date: Mon, 03 Mar 2014 08:25:52 -0600 Message-ID: <20140303-08255294-3013bd70-0@v66.vx-email.com> X-rpcampaign: Vx000003240000000614 MIME-Version: 1.0 Content-Type: multipart/mixed; boundary="--=ea690223_e523_472e_bcd5_9f04d5ea945f" X-OriginalArrivalTime: 03 Mar 2014 14:26:09.0647 (UTC) FILETIME=[85784FF0:01CF36EC] X-Spam-Status: No, score= X-Spam-Score: X-Spam-Bar: X-Ham-Report: X-Spam-Flag: NO ----=ea690223_e523_472e_bcd5_9f04d5ea945f Content-Type: multipart/alternative; boundary="--=f5570665_7e92_4aa7_96c3_c5d339e0e66b" ----=f5570665_7e92_4aa7_96c3_c5d339e0e66b Content-Type: text/plain;charset="UTF-8" Content-Transfer-Encoding: Quoted-Printable If you are having difficulty viewing this email, please use this link [= http://sites.cozen.vuturevx.com/email_handler.aspx?sid=3D9c5f1b3a-4995= -40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fsites.cozen.vuturevx.co= m%2f20%2f395%2fmarch-2014%2fseller-s-invocation-of-force-majeure-under-= naesb-contract-rejected-by-nj-appellate-division.asp ] . =20 Facebook [ http://sites.cozen.vuturevx.com/email_handler.aspx?sid=3D9c5= f1b3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fwww.facebook.= com%2fCozenOConnor ]=20 =20 Twitter [ http://sites.cozen.vuturevx.com/email_handler.aspx?sid=3D9c5f= 1b3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttps%3a%2f%2ftwitter.com%2= fcozen_oconnor ]=20 =20 Linkdin [ http://sites.cozen.vuturevx.com/email_handler.aspx?sid=3D9c5f= 1b3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fwww.linkedin.c= om%2fcompany%2fcozen-o'connor ]=20 =20 About [ http://sites.cozen.vuturevx.com/email_handler.aspx?sid=3D9c5f1b= 3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fwww.cozen.com%2f= about ]=20 =20 Careers [ http://sites.cozen.vuturevx.com/email_handler.aspx?sid=3D9c5f= 1b3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fwww.cozen.com%= 2fcareers ]=20 =20 Events [ http://sites.cozen.vuturevx.com/email_handler.aspx?sid=3D9c5f1= b3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fwww.cozen.com%2= fevents ]=20 =20 Diversity [ http://sites.cozen.vuturevx.com/email_handler.aspx?sid=3D9c= 5f1b3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fwww.cozen.co= m%2fabout%2fdiversity ]=20 =20 Alumni [ http://sites.cozen.vuturevx.com/email_handler.aspx?sid=3D9c5f1= b3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fwww.cozen.com%2= falumni ]=20 =20 Contact [ http://sites.cozen.vuturevx.com/email_handler.aspx?sid=3D9c5f= 1b3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fwww.cozen.com%= 2fcontact ]=20 =20 Blogs [ http://sites.cozen.vuturevx.com/email_handler.aspx?sid=3D9c5f1b= 3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fwww.cozen.com%2f= news-resources%2fblogs ]=20 =20 People =20 Industries =20 Practice Areas =20 Experience =20 Offices =20 News & Resources [ http://sites.cozen.vuturevx.com/email_handler.aspx?s= id=3D9c5f1b3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fwww.c= ozen.com%2fnews-resources ]=20 =20 Seller=E2=80=99s Invocation of Force Majeure Under NAESB Contract Rejec= ted by NJ Appellate Division=C2=A0 =20 We are pleased to present the latest edition of the Energy, Environment= al and Utilities Alert titled "Seller's Invocation of Force Majeure Und= er NAESB Contract Rejected by NJ Appellate Division [ http://sites.coze= n.vuturevx.com/email_handler.aspx?sid=3D9c5f1b3a-4995-40ef-838e-bfb89b2= d9bf7&redirect=3Dhttp%3a%2f%2fwww.cozen.com%2fnews-resources%2fpublicat= ions%2f2014%2fseller-s-invocation-of-force-majeure-under-naesb-contract= -rejected-by-nj-appellate-division ] " written by Christopher Raleigh [= http://sites.cozen.vuturevx.com/email_handler.aspx?sid=3D9c5f1b3a-4995= -40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fwww.cozen.com%2fpeople%= 2fbios%2fraleigh-christopher ] . We hope you find this information bene= ficial and informative. =20 In a case of first impression that interpreted the force majeure provis= ions of an industry contract form promulgated by the North American Ene= rgy Standards Board (NAESB), Cozen O=E2=80=99Connor prevailed on behalf= of plaintiff when, on January 9, 2014, the New Jersey Appellate Divisi= on affirmed the trial court=E2=80=99s ruling in Hess Corporation v. Eni= Petroleum U.S. LLC, et al., No. A-3464-12T4 (A.D., January 9, 2014).=C2= =A0 =20 In September 2007, Hess Corporation (Hess), as purchaser, and Eni Petro= leum U.S. LLC (Eni), as seller, entered into a NAESB form Base Contract= for the Sale and Purchase of Natural Gas (Base Contract), which contai= ned the terms and conditions that governed the respective rights and ob= ligations of the parties. Each month thereafter, the parties executed T= ransaction Confirmations that identified the details of each monthly pu= rchase, i.e., price, delivery dates, daily volume and place of delivery= . Neither the Base Contract nor the Transaction Confirmations referred = to the Independence Hub (I-Hub), a floating platform that aggregated an= d processed gas from Eni=E2=80=99s wells in the Gulf of Mexico. The con= tract documents also did not mention the Independence Trail, a 185-mile= pipeline used to transport gas from the I-Hub to the mainland United S= tates. The only pipeline identified in the contract documents was the T= ennessee 500 L, a pipeline located in the southeastern United States th= at was the agreed delivery point in the Transaction Confirmation. =20 The full Alert can be found here. [ http://sites.cozen.vuturevx.com/ema= il_handler.aspx?sid=3D9c5f1b3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dh= ttp%3a%2f%2fwww.cozen.com%2fnews-resources%2fpublications%2f2014%2fsell= er-s-invocation-of-force-majeure-under-naesb-contract-rejected-by-nj-ap= pellate-division ]=20 =20 Please feel free to contact us with any questions or comments regarding= this issue of the Energy, Environmental and Utilities Alert. =20 Christopher Raleigh [ http://sites.cozen.vuturevx.com/email_handler.asp= x?sid=3D9c5f1b3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fww= w.cozen.com%2fpeople%2fbios%2fraleigh-christopher ]=20 =20 Member =20 Transportation and Logistics Department =20 (212) 908-1245 =20 craleigh@cozen.com [ mailto:craleigh@cozen.com ]=20 =20 Forward to a colleague [ http://sites.cozen.vuturevx.com/email_handler.= aspx?sid=3D9c5f1b3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2= fsites.cozen.vuturevx.com%2f5%2f6%2fform%2fforward.asp ] | Update my s= ubscriptions [ http://sites.cozen.vuturevx.com/email_handler.aspx?sid=3D= 9c5f1b3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fsites.coze= n.vuturevx.com%2f5%2f6%2fform%2fpreferences.asp ] | Unsubscribe [ http= ://sites.cozen.vuturevx.com/email_handler.aspx?sid=3D9c5f1b3a-4995-40ef= -838e-bfb89b2d9bf7&redirect=3Dhttp%3a%2f%2fsites.cozen.vuturevx.com%2f5= %2f6%2fform%2funsubscribe.asp ]=20 =20 575 Attorneys =E2=80=A2=20 =20 Offices =E2=80=A2 cozen.com [ http://sites.cozen.vuturevx.com/email_ha= ndler.aspx?sid=3D9c5f1b3a-4995-40ef-838e-bfb89b2d9bf7&redirect=3Dhttp%3= a%2f%2fwww.cozen.com%2f ]=20 =20 Established in 1970, Cozen O'Connor has 575 attorneys who help clients = manage risk and make better business decisions. Our lawyers counsel cli= ents on their most sophisticated legal matters in all areas of the law,= including litigation, corporate, and regulatory law. We represent a br= oad array of leading global corporations and ambitious middle market co= mpanies, and serve their needs through=20 =20 offices across two continents. =20 =C2=A9 2014 Cozen O'Connor. All rights reserved. =20 ----=f5570665_7e92_4aa7_96c3_c5d339e0e66b Content-Type: text/html;charset="UTF-8" Content-Transfer-Encoding: Quoted-Printable EEU Alert | Seller=E2=80=99s Invocation of Force Majeure Under N= AESB Contract Rejected by NJ Appellate Division =

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Seller’s Invocation of Force Majeure Under NAES= B Contract Rejected by NJ Appellate Division 

We are pleased to present the latest edition = of the Energy, Environmental and Utilities Alert titled "Seller's Invocation of Force Majeure Under NAESB Contract Rej= ected by NJ Appellate Division" written by Christopher Raleigh.= We hope you find this information beneficial and informative.

In a case of first impression that interprete= d the force majeure provisions of an industry contract form pr= omulgated by the North American Energy Standards Board (NAESB), Cozen O= ’Connor prevailed on behalf of plaintiff when, on January 9, 2014= , the New Jersey Appellate Division affirmed the trial court’s ru= ling in Hess Corporation v. Eni Petroleum U.S. LLC, et al., No= . A-3464-12T4 (A.D., January 9, 2014). 

In September 2007, Hess Corporation (Hess), a= s purchaser, and Eni Petroleum U.S. LLC (Eni), as seller, entered into = a NAESB form Base Contract for the Sale and Purchase of Natural Gas (Ba= se Contract), which contained the terms and conditions that governed th= e respective rights and obligations of the parties. Each month thereaft= er, the parties executed Transaction Confirmations that identified the = details of each monthly purchase, i.e., price, delivery dates, daily vo= lume and place of delivery. Neither the Base Contract nor the Transacti= on Confirmations referred to the Independence Hub (I-Hub), a floating p= latform that aggregated and processed gas from Eni’s wells in the= Gulf of Mexico. The contract documents also did not mention the Indepe= ndence Trail, a 185-mile pipeline used to transport gas from the I-Hub = to the mainland United States. The only pipeline identified in the cont= ract documents was the Tennessee 500 L, a pipeline located in the south= eastern United States that was the agreed delivery point in the Transac= tion Confirmation.

The full= Alert can be found here.

Please feel free to contact us with any quest= ions or comments regarding this issue of the Energy, Environmental and = Utilities Alert.
3D""
=20

Christopher Raleigh=
Member
Transportation and Logistics Department
(212) 90= 8-1245
craleigh@coz= en.com
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Established in 1970, = Cozen O'Connor has 575 attorneys who help clients manage risk and make = better business decisions. Our lawyers counsel clients on their most so= phisticated legal matters in all areas of the law, including litigation= , corporate, and regulatory law. We represent a broad array of leading = global corporations and ambitious middle market companies, and serve th= eir needs through 23 offices across two continents.

=C2=A9 2014 Cozen O= 'Connor. All rights reserved.
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