Project FinanceRSS

  • October 18, 2012

    Exxon, Shell Win Colombia Blocks, But Shy Away From Shale

    Units of Exxon Mobil Corp., Royal Dutch Shell PLC and Anadarko Petroleum Corp. picked up leases in Colombia's latest oil auction on Wednesday, growing their footprints in Latin America's rising oil giant but steering clear of new shale blocks the country hopes to develop.

  • October 18, 2012

    FERC Seeks New Rules To Avoid Grid Disturbances

    The Federal Energy Regulatory Commission said Thursday it is planning to adopt new standards to protect the nation's bulk power system against geomagnetic disturbances, arguing current regulations aren't strong enough.

  • October 18, 2012

    Enbridge Wins New Trial In Texas Pipeline Property Fight

    A Texas appeals court tossed a jury verdict Wednesday against Enbridge Pipelines (East Texas) LP and ordered a new trial in the company’s contract dispute over its pipeline that allegedly ruined a couple's picturesque 153-acre tract of land.

  • October 18, 2012

    World Bank Pullout Won’t Halt $877M Kenyan Wind Farm

    A massive Kenyan wind power project will continue without backing from the World Bank, which declined to guarantee the 75 billion Kenyan shilling ($877.5 million) Lake Turkana Wind Power project due to disagreements over the plant's execution, Kenyan news outlets reported Wednesday.

  • October 18, 2012

    Freeborn & Peters Launches Transportation Team

    Chicago-based Freeborn & Peters LLP has formed a cross-disciplinary transportation team to leverage the firm's expertise in the industry led by the former U.S. corporate counsel for the Canadian National Railway Co., Freeborn announced recently.

  • October 18, 2012

    FERC Denies Enviros' Bias Claims Over $1.2B NJ-NY Pipeline

    The Federal Energy Regulatory Commission on Thursday rejected arguments by Jersey City, N.J., and environmental groups that the commission is not a neutral party in approving Spectra Energy Corp.'s planned $1.2 billion New Jersey-to-Manhattan pipeline and that its approval violates the Fifth Amendment. 

  • October 18, 2012

    Hunton & Williams Adds Ex-Constellation Counsel In DC

    The longtime senior counsel for Constellation Energy Group Inc. has joined Hunton & Williams LLP as a project finance counsel in the firm's energy and infrastructure group in Washington, D.C., Hunton announced recently.

  • October 18, 2012

    Trans-Alaska Users Blast Carriers' Deal In $786M Pipeline Row

    Two users and a carrier at the Trans-Alaska Pipeline System asked the Federal Energy Regulatory Commission on Monday to reject a settlement proposed by a group of carriers including BP Pipelines (Alaska) Inc. that would close the gap between revenues and funds spent on the $786 million project.

  • October 18, 2012

    Grain Co. Sues EPA Over Permits For $3.4B Iron Plant

    Zen-Noh Grain Corp. sued the U.S. Environmental Protection Agency again Wednesday in Louisiana federal court over a $3.4 billion iron manufacturing facility located next to Zen-Noh property, saying the agency must revoke permits issued by state regulators to which it objected.

  • October 18, 2012

    Shell Starts Building Floating LNG Export Plant In Korea

    Anglo-Dutch oil and gas giant Royal Dutch Shell PLC announced Thursday that it has begun construction of its groundbreaking offshore liquefied natural gas facility, the world's first floating gas liquefaction and export terminal, at a shipyard in South Korea.

  • October 17, 2012

    Pa. Passes Bill To Create Mine Reclamation Fund

    The Pennsylvania Senate gave final approval Tuesday to a bill that would provide financial guarantees to surface coal mine operators looking to rekindle operations at abandoned mine sites across the state.

  • October 17, 2012

    Carlyle Drops Out Of Bidding For Port Of Va.

    The Carlyle Group LP has dropped its bid to operate the Port of Virginia three years after first expressing interest in the deepwater hub, which has attracted several privatization offers as the state looks to correct slipping revenues, a state official confirmed Wednesday.

  • October 17, 2012

    First Solar Wins 1st Phase Of Dubai's 1,000-MW Solar Debut

    First Solar Inc. will build a 13-megawatt plant in Dubai, the first leg of an eventual 1,000-MW solar park that the Middle Eastern principality hopes will be the cornerstone of its fledgling renewable energy program, the company said Wednesday.

  • October 17, 2012

    SEC's Pricey Swaps Rule Sets Up Wall Street Showdown

    By approving an admittedly costly Dodd-Frank proposal to tighten regulation of the $650 trillion swaps market, the U.S. Securities and Exchange Commission on Wednesday set up a protracted fight with Wall Street that could land the agency in court yet again, attorneys say.

  • October 17, 2012

    Blackstone Project Row Hinges On Possible NYC Power Crunch

    A new report that says New York City could need more electricity by 2020 has become the focus of a fight over whether Blackstone Group LP's multibillion-dollar Quebec-to-New York City power line should be built, with the private equity giant and project foes sparring over that issue in legal briefs Tuesday.

  • October 17, 2012

    Texas Landowners Contest Keystone Pipeline Construction

    A group of landowners asked a Texas appeals court on Tuesday to stop TransCanada Corp. from installing a segment of the Keystone XL Pipeline across their property, arguing the oil and gas giant never established its right to do so.

  • October 17, 2012

    IDB Taps PE Managers For China-Latin America Funds

    The Inter-American Development Bank on Wednesday tapped the private equity arms of Australia's Macquarie Group Ltd., U.S.-based Franklin Templeton Investments and Shanghai merchant bank SinoLatin Capital to manage a new investment platform that will see the IDB co-invest with China's export-import bank in Latin America.

  • October 17, 2012

    Kinder Morgan Unit Joins List Of LNG Export Hopefuls

    A Kinder Morgan Inc. unit is seeking the U.S. Department of Energy’s permission to export as much as 4 million tons of liquefied natural gas annually to non-free trade agreement countries, according to a Wednesday DOE notice.

  • October 17, 2012

    Charlotte Gets $580M Fed Grant For Light-Rail Expansion

    The city of Charlotte, N.C., got a $580 million boost for its light-rail extension project from the U.S. Department of Transportation on Tuesday, clearing the last major funding hurdle to beginning construction on the $1.2 billion endeavor.

  • October 17, 2012

    SEC Floats Dodd-Frank Capital Rules For $650T Swaps Market

    The U.S. Securities and Exchange Commission voted Wednesday to propose new Dodd-Frank rules that would impose higher capital and margin requirements on the largest traders in the $650 trillion swaps market, setting up a likely fight with Wall Street banks and industry groups.