Stornoway Diamond Corp. is getting creative to push its $800 million Canadian diamond mine toward financial close, releasing a financing plan last week designed to overcome the equity drought facing small miners and squeeze as much up-front cash as possible from future production.
East Asia's local currency bond markets swelled to $5.9 trillion in the second quarter, fueling infrastructure and development projects across the world's fastest-growing economies, but a Monday report from the Asian Development Bank warns that spillover from the volatile West could derail the emerging bond markets.
Republicans on the House Oversight and Government Reform Committee sent armed U.S. marshals to serve subpoenas on U.S. Department of Energy employees and contractors, crossing a line in their long-running investigation of government loans to alternative power companies, the committee’s top Democrat charged Monday.
A Brazilian federal judge on Monday reportedly lifted an injunction blocking work on U.K.-based mining company Anglo American PLC's iron ore project in the Brazilian state of Minas Gerais because of environmental concerns over a nearby cave.
BP PLC will unload $5.55 billion worth of deepwater assets in the Gulf of Mexico to Houston-based Plains Exploration & Production Co., bringing its total divestitures since the Deepwater Horizon oil spill to $32 billion, the companies announced on Monday.
The U.S. Commodity Futures Trading Commission issued final rules Monday mandating new record-keeping and registration requirements for participants in the $700 trillion over-the-counter derivatives market, loosening some requirements to relieve industry concerns over the disclosure of proprietary information and costs of compliance.
Pipeline operator Spectra Energy Corp. will build and operate a natural gas transportation system in British Columbia as part of a joint venture with BG Group PLC, cashing in on the fast-emerging gas-transport industry on the Canadian province's northwest coast, Spectra said Monday.
A delay in New York State's decision to allow high-volume hydraulic fracturing has to do with making sure a new gas drilling plan, once announced, can withstand the resulting litigation boom that is sure to follow, Gov. Andrew Cuomo said Monday.
Commodities trader Glencore International PLC on Monday confirmed it would stick to its $36 billion all-stock bid for Anglo-Swiss miner Xstrata PLC, but it remained unclear whether the sweetened bid would be enough to sway shareholders who have vowed to sink the deal.
New York Gov. Andrew Cuomo and the state Thruway Authority have asked the federal government for a loan of up to $2.9 billion to help fund a $5 billion plan to replace the Tappan Zee Bridge, according to information made public Friday, after lawmakers voted to make the project eligible for federal money once again.
Three Midwestern ethanol producers on Wednesday protested a Kinder Morgan unit's bid to replace part of its Pony Express Pipeline with new natural gas delivery channels, claiming the switch will strip their rights as shippers and stick them with low-quality fuel to run their operations.
Indiana’s utility regulator urged the Federal Energy Regulatory Commission on Thursday to reject an offer by a Duke Energy Corp. and American Electric Power Co. joint venture to settle a dispute with a NiSource Inc. affiliate over which can build an Indiana transmission project.
The U.S. Department of Energy on Friday began its review of Oregon LNG’s proposal to export liquefied natural gas to global markets, adding to the agency’s growing list of export requests and opening the door for environmental groups to challenge the project.
Hess Corp. will sell its minority stakes in the Azeri, Chirag and Guneshli oil field in Azerbaijan and in a nearby pipeline to ONGC Videsh Ltd., an affiliate of Indian state-owned Oil & Natural Gas Corp., for $1 billion, it announced Friday.
The U.S. Export-Import Bank on Friday authorized a $2 billion direct loan to help a $20 billion Abu Dhabi nuclear power plant — the first in the Gulf region — buy equipment and construction services from Pennsylvania-based contractor Westinghouse Electric Co. LLC.
The U.K. will offer tax breaks of up to £160 million ($256 million) to North Sea oil and gas projects, it announced Friday, in what experts say is an effort to spur investment, backpedal from a much-criticized industry tax hike in 2011 and reverse a sharp slide in production at the country's backyard oil patch.
China Petroleum and Chemical Corp., known as Sinopec, and ENN Energy Holdings Ltd. have extended the deadline for their $2.2 billion bid for China Gas Holdings Ltd., according to a Thursday filing, marking the fifth such extension since March.
A proposed class of Jefferson County, Ala., ratepayers asked a bankruptcy judge Thursday to reduce $3 billion in debt refinancing on county sewer renovations, saying a slew of banks and a law firm are liable for allegedly illegal interest rate swaps that cost the county $372 million.
California's SunPower Corp. has inked a power purchase deal with local utility Pacific Gas and Electric Co. to help finance the 100-megawatt solar farm SunPower has planned for south of Fresno, the developer announced Friday.
The U.S. Environmental Protection Agency on Thursday bashed the Federal Energy Regulatory Commission for its study of a Williams Partners LP gas pipeline project in New Jersey, New York and Pennsylvania, calling the analysis "very troubling" and insufficient to protect communities.