The controversial Cape Wind offshore wind farm will receive a $200 million investment from Danish pension fund PensionDanmark in a push to close the deal and start construction on the Nantucket Sound-based project this year, PensionDanmark said Tuesday.
Some of the world's largest national economies threw their weight behind the African Development Bank in a Wednesday note ahead of their upcoming Group of Eight summit, lauding the investor for efforts to improve infrastructure and ensure fairness in contracts for natural resource developments.
Cyprus on Wednesday said its Cabinet has approved a preliminary deal with U.S. oil and gas outfit Noble Energy Inc. and Israeli affiliates Avner Oil Exploration LP and Delek Drilling LP for the development of a natural gas processing facility.
The U.S. Nuclear Regulatory Commission on Wednesday said it would fine the Tennessee Valley Authority $70,000 for failing to take required steps to ensure components used in the $4 billion construction of a new unit at the Watts Bar Nuclear Plant in Tennessee were of sufficient quality.
Private equity firm Denham Capital Management LP said Tuesday that it would spend $100 million to launch Endeavor Energy Holdings LLC, a company that will invest in thermal and hydroelectric projects in Africa, the latest private equity foray into Africa's energy resources.
The former director of the U.S. Department of Transportation's Office of Infrastructure Finance & Innovation has returned to Chadbourne & Parke LLP as counsel in the project finance group in Washington, D.C., the firm announced Monday.
Bolstering its presence in China, Singaporean real estate giant CapitaLand Group has snagged ownership of a massive, transit-oriented development proposed for Shanghai through a 397.5 Singaporean dollar ($315.45 million) stake deal, it announced Tuesday.
A federal judge on Monday rejected a Native American tribe's bid to halt Kinder Morgan Inc.'s construction of a portion of the $400 million natural gas pipeline expansion in Pennsylvania and New Jersey over alleged desecration of sacred land, calling the tribe's injunction request speculative and legally deficient.
The Federal Trade Commission said Monday it would allow Tesoro Corp. to move forward with its $355 million purchase of certain Chevron Pipe Line Co. assets after Tesoro agreed to sell a petroleum terminal in Boise, Idaho, to allay the regulator's antitrust worries.
President Barack Obama’s new energy secretary on Tuesday said the U.S. Department of Energy plans to invest billions of dollars in research and development funds for alternative energy, telling a House committee that he was bullish on the prospect of solar energy.
The U.S. Army Corps of Engineers on Tuesday rebuffed pleas from environmentalists and lawmakers to perform an overarching environmental review of three proposed coal export terminals in the Pacific Northwest and said it would limit its review of greenhouse gas emissions to the facilities themselves.
Houston-based Par Petroleum Corp. said Monday it has agreed to pay Tesoro Corp. nearly $400 million to acquire the company’s Hawaii subsidiary, which operates a 94,000-barrel-per-day refinery, more than two dozen retail gas stations, and pipeline and logistics facilities.
State-owned metals titan China Minmetals Corp. is considering buying a stake in the Canadian iron-ore operations of sputtering mining giant Rio Tinto PLC valued at $4 billion, a top executive at the company reportedly said on Tuesday.
Johnson Controls is hoping for billion-dollar private equity offers for its automotive electronics unit after expanding its scope beyond strategic suitors, while wireless behemoth Verizon is mulling an expansion northward through the acquisition of Canada's Wind Mobile.
Illinois Gov. Pat Quinn on Monday signed into law a bill to regulate hydraulic fracturing, or fracking, in the state, saying the legislation would give the state the strongest environmental standards for the practice in the U.S.
A coalition of fishing, environmental and farming groups in California sued Friday in state court to block an ambitious water resources management plan for the Sacramento-San Joaquin Delta that they claim will devastate the environment.
Sadara Chemical Co., a joint venture between Dow Chemical Co. and Saudi Arabian Oil Co., announced Monday it had completed the second phase of financing for its $19 billion petrochemicals production complex in Saudi Arabia's Eastern Province, signing a series of loan agreements worth $10.5 billion.
Rural areas of Texas home to booming oil and gas development will be able to tap into a $225 million state fund for road and bridge repairs and improvements that can handle the industry’s heavy machinery, under legislation signed Friday by Texas Gov. Rick Perry.
A Native American tribe sued Kinder Morgan Inc. in New Jersey federal court on Friday, claiming a portion of the $400 million natural gas pipeline expansion in Pennsylvania and New Jersey by one of the energy giant's units will destroy tribal lands and sacred burial grounds.
Florida Gov. Rick Scott signed into law Friday amendments to the controversial Nuclear Cost Recovery Act, adding protections for consumers and benchmarks aimed at greater transparency and accountability from public utilities in the state.
Too often, construction contracts are treated like insurance policies consigned to file cabinets until a problem arises. While a well-drafted contract is not unlike an insurance policy — something you’d prefer not to think about but are glad to know you have — the similarities should end there. Unlike insurance policies, owners must be vigilant during the course of a project or risk having important rights or remedies lapse, says Leonard Goodman of Venable LLP.
In light of the long-awaited hydraulic fracturing legislation now signed by Illinois Gov. Pat Quinn, supporters of high-volume horizontal fracking who see the potential for enormous economic benefits are looking eagerly ahead to when permitted drilling operations can begin in the New Albany Shale reserve. But, even with enactment of the fracking legislation into law, significant challenges still lie ahead, say attorneys with Quarles & Brady LLP.
What should be at the forefront of the mind of any in-house counsel or compliance officer whose company operates in joint ventures is section 7 of the U.K. Bribery Act, which holds that an organization does not even need to be aware of corrupt conduct in order to be guilty of an offense, say attorneys with Dechert LLP.
The latest U.S. Bureau of Land Management push for rules on hydraulic fracturing on federal and tribal lands would add another layer of regulation to oil and gas operators, with important changes on requirements such as cementing, construction chemical reporting, say attorneys with Latham & Watkins LLP.
June brings dramatic changes at the top of the U.S. Department of the Interior. New hands will control the levers of power, and, as a result, the organization that controls one-fifth of the land area of the United States, 35,000 miles of coastline and 1.75 billion acres of offshore resources will alter how it operates, making one wonder what will happen next, says Steven Richardson of Wiley Rein LLP.
Businesses and individuals investing directly or indirectly in Myanmar will need to monitor the flow of their capital to identify when reports to the U.S. State Department are required, ensure that they have access to the information required as part of the annual reports, and be aware of what information may be made public, say attorneys with Pillsbury Winthrop Shaw Pittman LLP.
In 2010, when the Obama administration announced a new policy of engagement in the western Pacific, known as the “Pivot,” it was clear that China’s quest for secure supply lines for resources, in particular energy, was a key factor. Energy is likewise the driver in another less noticed but quite important pivot that is now fully underway: a shift in Russian energy policy toward China, says Shane DeBeer of Dechert LLP.
There is a growing concern that arbitration is losing its hallmark characteristics of flexibility and efficiency as proceedings become longer and more expensive. Recent developments show that arbitral institutions are aware of these concerns, and are trying to make innovative changes at all stages of an arbitration, say Alexander Yanos and Viren Mascarenhas of Freshfields Bruckhaus Deringer.
The unprecedented unmet demand for capital by businesses of all types and sizes has adversely impacted job creation and stifled growth, innovation, modernization and exports. This situation has compelled an otherwise highly partisan Congress to coalesce behind one of the few federal programs designed to alleviate these problems — the Small Business Investment Company Program, says Stephen Fields of Dentons US LLP.
The Federal Energy Regulatory Commission's recent bold sweeping away of New England transmission owners' federal rights of first refusal will likely result in appeals that will further shape the Mobile-Sierra law. In the meantime, FERC has reshaped the electric transmission industry to open it up to competitive transmission development, say Eric Runge and Michael Hornstein of Day Pitney LLP.