Project FinanceRSS

  • November 19, 2012

    Int’l Cos. Ask UN For Global Carbon Dioxide Emissions Price

    With the United Nations' annual climate change conference a week away, scores of companies including Royal Dutch Shell PLC and Unilever NV on Monday urged governments to set a global price for carbon dioxide in order to boost investment in ways to reduce greenhouse gas emissions.

  • November 19, 2012

    NY Fracking Study Team Biased Against Drilling, Group Says

    An industry group on Monday questioned the objectivity of three experts picked by New York to study the health impacts of shale gas drilling, showing passions about the issue haven't cooled despite Gov. Andrew Cuomo's recent move to delay an expansion of fracking in the Empire State.

  • November 19, 2012

    NRC Ignored Post-Fukushima Tips In Reactor OK, DC Circ. Told

    Environmental groups told the D.C. Circuit on Monday that the Nuclear Regulatory Commission failed to consider safety recommendations for a $14 billion Southern Co. plant expansion developed after the Fukushima nuclear disaster, claiming the decision leaves the public at risk.

  • November 19, 2012

    Pacific Rubiales Grows In Colombia With $628M Stock Deal

    Pacific Rubiales Energy Corp. said Monday that it will acquire C&C Energia Ltd. in a stock-for-stock deal valued at CA$626 million (US$628 million) and use it as the centerpiece of a new oil and gas exploration company to grow its footprint in Colombia.

  • November 19, 2012

    Woodside Wins Key Enviro Nod For $40B Aussie LNG Project

    Woodside Petroleum Ltd. has secured a vital environmental approval from an Australian state government for its proposed $40 billion liquefied natural gas facility, which paves the way for further approvals to jump-start the project, the company announced Monday.

  • November 16, 2012

    Enterprise Seeks FERC's OK On Rates For $1.4B ATEX Pipeline

    An Enterprise Product Partners LP unit on Wednesday asked the Federal Energy Regulatory Commission to approve its proposed rate structure, which includes discounts for gas shippers that have made long-term commitments to its $1.4 billion ATEX Pipeline project.

  • November 16, 2012

    Papua New Guinea OKs $6B InterOil LNG Project

    Papua New Guinea's leadership has approved InterOil Corp.’s $6 billion liquefied natural gas export project after protracted talks that culminated in InterOil’s offer to sell half of two of its local gas fields to the government, a deal the country also approved Friday.

  • November 16, 2012

    Enviros Allowed To Add New Lease To Wyo. Coal Mining Suit

    A Wyoming federal judge on Thursday allowed environmental groups challenging coal mining leases in the Thunder Basin National Grassland to add a recently granted lease to its suit against the U.S. Forest Service, finding the supplemental pleading will not unduly burden the government or delay the case.

  • November 16, 2012

    Malay Co. Wins $272M Hess Contract For Offshore Vessel

    Offshore drilling servicer EOC Ltd. on Wednesday landed a $272.1 million contract from Hess Corp. to lease one of EOC's floating production, storage and offloading vessels for a $5.2 billion natural gas project Hess is developing off the Malaysian Peninsula.

  • November 16, 2012

    270-MW Gas-Fired Power Plant In Wash. Changes Hands

    Puget Sound Energy on Thursday picked up a 270-megawatt power plant in northwest Washington from independent electricity producer Tenaska Inc., expanding the utility's portfolio of natural gas-fired generation facilities and pointing up the increased demand for power in the Evergreen State.

  • November 16, 2012

    EPA Urges FERC To Expand Review Of Dominion LNG Project

    The U.S. Environmental Protection Agency on Thursday urged the Federal Energy Regulatory Commission to intensify its environmental review of a Dominion Resources Services Inc. proposal to build a liquefied natural gas facility in Maryland.

  • November 15, 2012

    Proposed $15M FCA Settlement Dooms Fla. Biz Group

    A Florida-chartered small business authority said Thursday that it would wind down its business because it was unable to pay a proposed $15 million settlement in a False Claims Act suit brought by the U.S. government over alleged misuse of NASA and Economic Development Authority contracts.

  • November 15, 2012

    ArcelorMittal Gets $450M To Exit S. African Mine Venture

    ArcelorMittal SA, the world's largest steelmaker, on Wednesday walked away from a South African manganese mining operation it had been steering toward bankruptcy, instead inking an approximately $450 million deal to transfer its half of the mining company to the project's founder.

  • November 15, 2012

    Australia Acquisition, Harbinger Abandon $350M Deal

    Australia Acquisition Corp. and Harbinger Capital Partners LLC on Thursday said they had mutually called off a deal to have AAC buy $350 million worth of assets, including a resort development company and an iron ore producer, from HCP.

  • November 15, 2012

    FERC Mulls More Stringent Natural Gas Sales Reporting

    The Federal Energy Regulatory Commission said Thursday that it will consider beefing up its reporting requirements for natural gas transactions in an effort to improve price transparency in the wholesale natural gas market, allowing the regulator to better detect — and deter — market manipulation.

  • November 15, 2012

    CFTC Launches Appeal Of Position Limits Ruling

    The U.S. Commodity Futures Trading Commission on Thursday appealed a Washington federal court decision striking down its proposal to place new limits on derivatives trading, setting up another courtroom battle with securities industry groups over the Dodd-Frank Act measure.

  • November 15, 2012

    Qatari Shareholder Blesses $34B Xstrata-Glencore Merger

    After a long holdout, state-owned private equity firm Qatar Holding LLC on Thursday endorsed the $34 billion stock swap that will fold mining and metals giant Xstrata PLC into commodities trader Glencore International PLC, a positive sign ahead of next week's shareholder vote on the merger.

  • November 15, 2012

    Milbank Reps Lenders Backing $1.2B Bogota Airport Expansion

    A trio of development banks joined for the first time to finance a chunk of the $1.2 billion expansion slated for Bogota's main airport, pushing along one of Latin America's premier big-ticket infrastructure projects, the lenders' counsel announced Thursday.

  • November 15, 2012

    Mount Kellett Urges SandRidge Board Changes, CEO Ouster

    Private fund firm Mount Kellett Capital Management LP became the second SandRidge Energy Inc. shareholder in as many weeks to criticize the senior leadership of the Oklahoma energy company, writing Thursday that SandRidge has failed to maximize the value of project assets.

  • November 15, 2012

    FERC To Examine Rates Charged By 2 Gas Pipeline Cos.

    The Federal Energy Regulatory Commission launched an investigation Thursday into rates charged by interstate natural gas pipeline operators Wyoming Interstate Co. LLC and Viking Gas Transmission Co. on suspicions that they are over-recovering their costs, resulting in unjust and unreasonable rates for customers.