Project FinanceRSS

  • August 23, 2012

    Morgan Stanley Takes Control Of Pipeline Co. With GE Stake

    Morgan Stanley's private infrastructure investment fund has bought out fellow shareholder GE Energy Financial Services Inc. to gain virtually full control of Southern Star Central Corp., a major Midwestern pipeline operator, the parties announced Thursday.

  • August 23, 2012

    Owners Of $14B Ga. Nuclear Project Say Vendors Owe $29M

    Southern Co. unit Georgia Power and its co-owners of a $14 billion nuclear power project asked a federal judge Thursday to force the project’s contractors to return $29.3 million they say they overpaid after the contractors filed an invalid claim.

  • August 23, 2012

    Denham Invests $200M In Oil Co. To Grow Permian Assets

    Boston private equity firm Denham Capital has made a $200 million equity investment in a recently formed Texas oil and gas exploration company for developing upstream activities in the Permian Basin, Denham said Wednesday.

  • August 23, 2012

    India's GVK Gets OK For $10B Aussie Mine, Rail Effort

    Australian environmental regulators approved a 311-mile rail link proposed by India’s GVK, marking the end of a four-year review of AU$10 billion (US$10.4 billion) plans to connect the company’s massive Queensland coal project to a seaside port, GVK said Thursday.

  • August 22, 2012

    Norfolk Settles Marcellus Pipeline Eminent Domain Row

    Freight railroad operator Norfolk Southern Corp. and Central New York Oil and Gas Co. LLC have reached a settlement in their dispute over the energy company's use of eminent domain to build a controversial $257 million natural gas pipeline through northeastern Pennsylvania, according to a court order issued Wednesday.

  • August 22, 2012

    SEC Adopts Disclosure Rule For Extraction Cos.

    The U.S. Securities and Exchange Commission on Wednesday adopted a rule requiring American companies to disclose what they pay to foreign governments for the right to extract oil, natural gas and other resources, a measure bitterly opposed by industry leaders.

  • August 22, 2012

    Chesapeake Mishandling Well Interests, Royalty Owner Says

    Chesapeake Energy Corp. on Tuesday was sued in Texas federal court by a commercial royalty owner that alleges the energy giant is mismanaging its interests in more than 115 oil and gas wells, breaching the companies’ development agreement.

  • August 22, 2012

    Southern Co. Cleared To Advance $14B Reactor Project

    Southern Co. unit Georgia Power has received the go-ahead from Georgia regulators for the remainder of its 2012 spending on a $14 billion nuclear plant expansion, the utility said Tuesday.

  • August 22, 2012

    Thailand Gives Chevron, Apico OK For Oil, Gas Production

    Energy regulators in Thailand on Wednesday had reportedly signed over oil and gas production rights to units of Chevron Corp. and Apico LLC, answering the companies' bids to develop fields and produce the commodities as the country slowly asserts itself as an exploration destination.

  • August 22, 2012

    GOP Govs. Call For Keystone Approval, Fewer Energy Regs

    A group of Republican governors released broad domestic energy policy recommendations Wednesday that included approval for the controversial Keystone XL pipeline and streamlined energy regulations that would boost development of domestic coal, oil and natural gas.

  • August 22, 2012

    High Costs, Low Prices Stunt Growth Of BHP's Metal Mine

    BHP Billiton Ltd. has shelved a $30 billion expansion of its Olympic Dam copper-gold-uranium mine in southern Australia, the company said Wednesday, the latest sign that escalating capital costs and low commodity prices are taking their toll on even the biggest miners.

  • August 22, 2012

    Enviros Urge NJ Gov. To Sign Fracking Wastewater Bill

    Advocacy groups on Wednesday urged New Jersey Gov. Chris Christie to sign legislation that would ban the treatment, disposal or storage of hydraulic fracturing waste in the state.

  • August 22, 2012

    Statoil Invests $1.4B In North Sea To Lift Output

    Statoil ASA and its state-owned partner on the Gullfaks South oil project in the North Sea said Wednesday they will invest 8.5 billion Norwegian kroner ($1.44 billion) into two new subsea templates and six extra wells, a move to boost output by 65 million barrels of oil equivalent.

  • August 21, 2012

    Taxpayers Group Protests Tax Measures On Santa Clara Ballots

    Looking to remove two tax measures from the November ballot, a taxpayers group sued a California county over an eighth-cent sales tax proposal and has threatened to sue the county’s water district over a $548 million parcel tax ordinance seeking to fund projects that reduce contaminants in waterways.

  • August 21, 2012

    Latest Bid To Rein In CEQA Faces Green Group Fight

    A proposal by Silicon Valley business leaders to limit the reach of the California Environmental Quality Act could drive down the number of suits blocking construction projects from moving forward, but the measure is in for a fight from conservationists who argue it could kill the state’s key environmental law altogether, experts said Tuesday.

  • August 21, 2012

    Treasury Aims To Promote Fair Hiring Among Contractors

    The U.S. Department of the Treasury issued a proposed rule Tuesday that would require its contractors to make good-faith efforts to hire women and minorities, implementing a requirement that stems from the Dodd-Frank Wall Street Reform and Consumer Protection Act.

  • August 21, 2012

    Kinder Morgan Defends Gas Pipeline Rate Hike To FERC

    Kinder Morgan Inc. on Tuesday urged the Federal Energy Regulatory Commission to reject a protest lodged by natural gas shippers accusing the company of trying to upend a previous price agreement and retroactively increase rates for use of its Trailblazer pipeline.

  • August 21, 2012

    US Cautions Oil Firms On Kurdish Investments

    The U.S. Department of State on Monday reminded U.S. oil companies of the legal risks of bypassing Iraq's central government when planning deals in the northern Kurdish region, a shortcut that has iced Exxon Mobil Corp. and Chevron Corp. out of the Halfaya oil field.

  • August 21, 2012

    Mass. Looks To Spark Development With New Muni Bond Law

    Massachusetts towns have a new tool to finance roads, sewers and water systems without stretching their already-tight budgets, thanks to a new state law that attorneys say should ease financing for the basic infrastructure needed to lure private developers.

  • August 21, 2012

    FERC Grants License For First Wave-Power Project In US

    The Federal Energy Regulatory Commission has licensed Ocean Power Technologies Inc. to build the nation’s first commercial plant harnessing electricity from the force of waves, the company said Monday, a breakthrough for a sector regulators say boasts serious promise.