Project FinanceRSS

  • August 20, 2012

    White House Revs Up $3.5B Project Targeting I-5, Rail

    The White House on Monday gave federal agencies a three-year deadline to review a $3.5 billion highway and rail project targeting a key Interstate 5 hub in the Pacific Northwest, one of four projects the Obama administration marked for expedited permitting.

  • August 20, 2012

    Shell Arctic Drilling Risks Run Too High, NRDC Says

    A leading environmental group released a report Monday arguing that the U.S. Department of the Interior shouldn’t approve Royal Dutch Shell PLC’s plans to drill for oil in the Arctic until regulators and the industry develop better response capabilities and learn more about the region’s environment.

  • August 20, 2012

    Oil, Gas Co. Accuses Partner Of Dodging Field Startup Costs

    Oil and gas company Gaither Petroleum Corp. on Friday launched a suit in Texas state court over a troubled joint venture, alleging that a business partner is trying to dodge its share of expenses incurred in the development of an oil field.

  • August 20, 2012

    Cuomo Signs Bill Package To Ease Solar Development Costs

    New York Gov. Andrew Cuomo on Friday signed a trio of bills into law that aim to chip away at costs for small-scale solar energy development in the state, including a measure that exempts commercial solar energy equipment from sales taxes.

  • August 20, 2012

    Ncondezi’s 1,800-MW Mozambique Plant Moves Forward

    Ncondezi Coal Co. Ltd. is pushing forward with plans to add an 1,800-megawatt coal-fired power plant to its $376 million planned Mozambique thermal coal mine, thanks to a feasibility study that confirmed the viability of the power project, the company announced Monday.

  • August 20, 2012

    Franco-Nevada Pays Inmet $1B For Panama Mine's Metals

    Precious metals financier Franco-Nevada Corp. plunked down a $1 billion advance payment for gold and silver from Inmet Mining Corp.’s Cobre Panama project, which will help Inmet finance its share of the $6.2 billion mine, the firms announced Monday.

  • August 20, 2012

    Kinder Morgan Plans $2B Asset Sale To Quell Antitrust Worries

    Texas oil and gas company Kinder Morgan Energy Partners LP said Monday that it will sell its Western U.S. assets to private equity-backed Tallgrass Energy Partners LP for $1.8 billion, satisfying antitrust conditions for its $21 billion acquisition of El Paso Corp.

  • August 20, 2012

    BAA Consents To Sell Stansted Airport After Lengthy Appeals

    BAA Airports Ltd. has agreed to sell Stansted Airport near London in order to fend off regulators' antitrust concerns following the British company's latest unsuccessful appeal of the matter, the company announced on Monday.

  • August 20, 2012

    Total Snubs Iraqi Ultimatum With $48M Kurdish Oil Deal

    Two weeks after angering Iraqi officials by buying into oil projects in semi-autonomous Kurdistan, French energy firm Total SA is at it again, agreeing Monday to take a minority stake in an early-stage Kurdish field for $48 million.

  • August 20, 2012

    Chevron, Shell Swap Aussie Gas Stakes, $450M Cash

    Chevron Corp. and Royal Dutch Shell PLC agreed Monday to swap interests, plus $450 million, in two massive liquefied natural gas developments in Australia trading upstream risk in two of the world’s most expensive and ambitious energy projects.

  • August 20, 2012

    Tappan Zee Replacement Plan Clears Key NY Council

    The $5 billion plan to replace New York's Tappan Zee Bridge took a step forward Monday when lawmakers on a state transit council voted to make the project eligible for federal money after three officials initially had put off giving their seal of approval because of concerns about the project's apparent lack of mass transit.

  • August 20, 2012

    China Says US Is Illegally Subsidizing Clean Energy Projects

    China's Ministry of Commerce said Monday that six renewable energy projects in the U.S. are in violation of World Trade Organization rules covering state subsidies and trade barriers.

  • August 17, 2012

    Solar Could Win Big In Army's $7B Energy Buy

    Solar power companies are well positioned to compete for U.S. Army energy contracts worth $7 billion over the next 10 years, considering the solar-friendly terrain around bases and the attractive pricing of renewable energy projects as utility-scale development slows and competition for projects increases, experts say.

  • August 17, 2012

    Vinson & Elkins Guides Boardwalk In $625M Pipeline Co. Buy

    Natural gas gatherer Boardwalk Pipeline Partners LP has broken into the liquids side of the business, inking a $625 million deal with its general partner Loews Corp. to jointly acquire private equity-backed pipeline outfit PL Midstream LLC, the buyer announced Friday.

  • August 17, 2012

    NRG Can't Stop Public Release Of NJ Energy Bid Prices

    NRG Energy Inc.'s New Jersey Power Development LLC, one of three companies granted charters to build natural-gas-fired power plants under a state pilot program, lost a legal challenge on Friday to stop the state's Board of Public Utilities from making public its price bids for providing energy to customers.

  • August 17, 2012

    Industry, Enviro Groups Back Calif. Carbon Offset Plan

    A coalition of green groups and energy industry players joined together Wednesday to support carbon offset trading provisions in California's cap-and-trade program that are under legal attack by environmental groups that say the provisions could undermine the entire initiative

  • August 17, 2012

    Offshore Regulators Assert Power To Punish Contractors

    The Bureau of Safety and Environmental Enforcement is standing by its decision to punish offshore drilling contractors that violate safety regulations, issuing guidelines Thursday on how it will carry out enforcement actions against companies hired by lessees and rig operators.

  • August 17, 2012

    EPA Rules' Effect On Grid, Costs Will Be Limited, GAO Says

    A series of environmental regulations affecting coal power plants could increase electricity prices and strain grid reliability in some regions, but likely not to the extent Republicans and industry groups claim, according to a U.S. Government Accountability Office report released Thursday.

  • August 17, 2012

    Dow's $20B Saudi Petrochem Plant Seeks $100M Ex-Im Loan

    Contractors working to build a $20 billion petrochemical plant for Dow Chemical Co. and Saudi Arabian Oil Co. — the biggest single-phase project in history — have applied for a loan of more than $100 million from the U.S. Export-Import Bank, the bank said Friday.

  • August 17, 2012

    $1.5B Bid Intensifies Battle For Aussie Pipeline Co.

    Australian pipeline giant APA Group on Friday ratcheted up the pressure on private equity-backed rival Pipeline Partners Australia Pty. Ltd., boosting its bid for Hastings Diversified Utilities Fund Inc. to a potential AU$1.39 billion (US$1.45 billion) and pushing the target company to issue an ultimatum to PPA.