Project Finance

  • September 30, 2014

    Murphy Oil Sheds $2B In Malaysian Energy Assets

    Murphy Oil Corp. announced the sale of a large chunk of its Malaysian oil and gas portfolio on Tuesday to Indonesian state oil company PT Pertamina in a slated $2 billion deal as energy companies continue to flee the Asian market to concentrate on their U.S. operations. 

  • September 30, 2014

    Starwood Energy Scoops Up 550-MW Quail Run Energy Center

    An arm of energy-focused private equity firm Starwood Energy Group Global LLC has acquired the natural-gas combined-cycle electric-power-generating Quail Run Energy Center in Odessa, Texas, from affiliates of electric and gas utility giant Exelon Corp., Starwood said on Tuesday.

  • September 30, 2014

    Impax Boosts Finnish Presence With 2 Wind Farm Deals

    Impax Asset Management Group PLC said Tuesday that it has bolstered its renewable capacity in Finland by signing a finance arrangement to fund the rest of the construction of a €106 million ($133.8 million) wind farm and acquiring a separate, 27-megawatt wind farm.

  • September 30, 2014

    DOE Offers $12.6B In Nuke Project Loan Guarantees

    The U.S. Department of Energy on Tuesday said it would provide up to $12.6 billion in loan guarantees for advanced nuclear energy projects, hoping to kickstart a nuclear industry that hasn’t built a new U.S. plant or reactor in over 35 years.

  • September 30, 2014

    FERC OKs Dominion's $3.8B Cove Point LNG Project

    The Federal Energy Regulatory Commission on Monday said Dominion Resources Inc. could build and operate its $3.8 billion Cove Point liquefied natural gas export project in southern Maryland, the fourth LNG export project to receive the commission’s approval.

  • September 30, 2014

    Sens. Hint At WTO Action Against Export Credit Agencies

    A pair of U.S. Senate Republicans on Monday pressed the Obama administration to ensure that foreign export credit agencies are providing financial backing to businesses in line with international obligations, holding the door open for a World Trade Organization case against offending nations.

  • September 30, 2014

    Dealmakers Q&A: Norton Rose Fulbright's Efren Acosta

    I expect deal activity in the oilfield services sector to strengthen and remain robust over the next several years, primarily on the strength of shale oil and gas exploration, for several reasons, says Efren Acosta of Norton Rose Fulbright LLP.

  • September 29, 2014

    Firm Slams ‘Shameful’ Honeywell DQ Bid In $42M Enviro Fight

    Attorneys for an Arizona political subdivision suing Honeywell International Inc. and others in federal court for a $42 million groundwater cleanup called the defendants’ latest bid to disqualify their firm Gallagher & Kennedy PA “shameful gamesmanship" in a filing Monday.

  • September 29, 2014

    Pebble Mine's EPA Challenge Is Premature, Judge Says

    A federal judge on Friday dismissed as premature a suit accusing the U.S. Environmental Protection Agency of stonewalling a massive proposed Alaskan copper mine, finding the agency is at the beginning of a review process, not the end.

  • September 29, 2014

    Puerto Rico Offshore LNG Facility Needs Mitigation Plan: EPA

    The U.S. Environmental Protection Agency said Monday that it’s concerned that Excelerate Energy LP’s proposed liquefied natural gas terminal off the coast of Puerto Rico may harm coral reefs, endangered species and the Jobos Bay ecosystem, saying the company should outline its mitigation plan.

  • September 29, 2014

    Ex-Gray Reed Attys Join Forces With Slattery Marino Team

    A pair of former Gray Reed & McGraw attorneys who teamed up earlier this year to start a Houston-based energy transactions and regulatory practice have expanded into New Orleans with the signing of a Slattery Marino & Roberts partner and his team, the firm said Monday.

  • September 29, 2014

    Exelon Drops $500M On GE Turbines For Gas Plant Upgrades

    Merchant power giant Exelon Corp. is building new combined-cycle gas turbines at two of its gas plants in Texas and will pay General Electric Co. more than $500 million to supply high-efficiency turbines for the upgrades, the companies announced Monday.

  • September 29, 2014

    Cash-Strapped W.Va. Takes Bids To Drill Under Ohio River

    West Virginia will take bids to drill for oil under a segment of the Ohio River, in order to reinforce the state's dwindling budget, according to a Friday media report.

  • September 29, 2014

    Green Bond Bandwagon Promises Cash Returns For NYC

    A New York City proposal to market billions in so-called green bonds could reduce debt costs for the city by enticing investors who have stampeded toward guilt-free returns elsewhere, but buyers must tread carefully lest their money ends up funding projects not seen as environmentally relevant.

  • September 29, 2014

    California Solar Project Shelved Over Tax Credit Worries

    BrightSource Energy Inc. and Abengoa Solar SA on Friday withdrew applications for a 500-megawatt solar energy project in California’s Riverside County, and a BrightSource executive said uncertainty over expiration of a 30 percent renewable energy tax credit factored into the decision.

  • September 29, 2014

    Carlyle Keeps Up Buying Spree With Another Power Plant Deal

    The Carlyle Group LP on Friday said it has agreed to pick up a majority stake in six Georgia natural gas-fired power plants in its second announced deal in a week with Singapore sovereign wealth fund GIC, as Carlyle continues to build its power generation assets.

  • September 29, 2014

    GE, Toyo Tap $867M In Loans For Japan's Biggest Solar Plant

    General Electric unit GE Energy Financial Services, Toyo Engineering Corp. and Kuni Umi Asset Management have joined together to invest in a $1.1 billion solar power plant in Japan, the largest such project in the country's history, GE's subsidiary said Monday. 

  • September 29, 2014

    Calif. Clean Energy Plan Is No Sure Thing For Developers

    The sprawling renewable energy and conservation plan for the California desert unveiled by federal and state regulators last week promises streamlined permitting and a host of other benefits to clean energy developers eager to tap the region, but experts have doubts that the plan will fully deliver on those promises.

  • September 29, 2014

    Pennsylvania Seeks Private Partner To Build CNG Stations

    The Pennsylvania Department of Transportation said Monday it is seeking a private partner to build compressed natural gas fueling stations at public transit agencies statewide, promising a new technology that would replace conventional fuel with an alternative considered safer and less polluting.

  • September 29, 2014

    Argentina Can't Fight $185M Arbitration Award, Justices Told

    British energy titan BG Group PLC has urged the U.S. Supreme Court to block Argentina's latest bid to undo the company's $185 million investment arbitration award, asserting that the country presents minor factual issues that do not warrant review by the justices, who have already weighed in on the case.

Expert Analysis

  • India Is Ripe For Investment — 7 Key Issues For Investors

    Saionton Basu

    In the last few years, certain governance-related issues pertaining to foreign investors — obtaining licenses and consents to conduct business and tax controversies — dented the image of India as a serious magnet for foreign investment. Now it may be going the other way, says Saionton Basu of Duane Morris LLP.

  • New Renewable Energy Laws And Foreign Investors’ Options

    Matthew Coleman

    Investment treaties may be a highly important tool for foreign investors and industry associations in advocating against legislative changes to renewable energy regulations, say attorneys with Steptoe & Johnson LLP.

  • DeLauro Legislation Would Broaden Reach Of CFIUS Reviews

    Christopher R. Brewster

    Rep. Rosa DeLauro has introduced legislation that would radically overhaul the review of foreign investment by the Committee on Foreign Investment in the United States, but given the late date on which the bill was introduced and its controversial scope, it is likely that the bill is intended to revive debate over the scope of CFIUS reviews, says Christopher Brewster of Stroock & Stroock & Lavan LLP.

  • Texas Common Carriers Should Consider Permitting Process

    Antroy Arreola

    The Texas Railroad Commission's proposed amendments for pipeline operators to obtain a T-4 permit will demand more information and feature an annual renewal, which could be particularly significant for common carriers since it will take time to develop proposed tariffs and put customer contracts in place once a project is announced, says Antroy Arreola of Locke Lord LLP.

  • Opportunities And Pitfalls In The Legal Cloud

    David Houlihan

    Like "big data" and other effective software marketing buzzwords, “cloud” makes something that is very complex sound simple — and even friendly. Most attorneys are not prepared to dig into the distinctions between public, private and hybrid cloud models, or the niceties of how or where their data is transmitted and stored, says David Houlihan of Blue Hill Research Inc.

  • The Emergence Of P2P Loan Securitizations

    John Timperio

    As more peer-to-peer commercial loan securitization transactions take place, the banks, bondholders and rating agencies involved will likely begin to expect more standardization of the loans themselves, as well as metrics for assessing risk on individual loans that are more quantifiable, standard and transparent, say John Timperio and Mary Bear of Dechert LLP.

  • A General Counsel's Top 10 Billing Tips

    Francis M. Drelling

    Nothing makes an in-house counsel feel like they are being nickeled-and-dimed more than receiving a $3.50, stand-alone invoice. Forcing anyone to spend time on a $3.50 invoice is, quite frankly, just not cool, says Francis Drelling, in-house counsel at Specialty Restaurants Corp.

  • Next Big Thing For Foreign Cos. — Yield-Oriented US IPOs

    Sean T. Wheeler

    The flexibility and access to capital available through master limited partnerships and yieldcos should result in a meaningful increase in yield-oriented U.S. initial public offerings by international companies. Many companies, however, irrationally fear the U.S. Securities and Exchange Commission’s process for registration statement review, says Sean Wheeler of Latham & Watkins LLP.

  • FERC Proposal Would Benefit Market-Based Rate Entities

    William D. Degrandis

    The Federal Energy Regulatory Commission's proposed market-based rate revisions would streamline filing and clarify when procedures are relevant to different types of entities, which could materially reduce burdens and costs, say William Degrandis and Candice Castaneda of Paul Hastings LLP.

  • Trade Cases Bring Good News For US Oil Pipe Industry

    Brian McGill

    Overall, the U.S. oil country tubular goods industry is pleased with the outcomes of the OCTG trade cases at the administrative agency level, particularly because the U.S. Department of Commerce increased anti-dumping duties on imports from Korea in its final margin calculations and the U.S. International Trade Commission made affirmative determinations with respect to substantially all subject imports, says Brian McGill of King & Spalding LLP.