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Project Finance

  • June 27, 2012

    LA OKs $322M In Bonds For $637M Water System Project

    More than half of a $637.3 million project to overhaul Los Angeles' water system, including making major improvements to the L.A. Aqueduct Treatment Plant, will be financed with bonds, after a commission approved issuing $322 million in city bonds Tuesday.

  • June 27, 2012

    Dutch Co. Wins $120M Towage Deal For Exxon's LNG Port

    Leading Dutch harbor towage company Smit Lamnalco has landed a $120 million contract to provide tugboat and marine support services for Exxon Mobil Corp.'s massive liquefied natural gas export terminal in Papua New Guinea, a Smit affiliate announced Tuesday.

  • June 27, 2012

    EPA, Sierra Club Spar In DC Circ. Over Emissions Permits

    The U.S. Environmental Protection Agency and the Sierra Club lodged final briefs with the D.C. Circuit on Tuesday in their fight over permitting standards for particulate matter emissions, which the Sierra Club claims are in violation of the Clean Air Act.

  • June 27, 2012

    Solar Trust Gets Green Light For $20M Asset Sale

    After resolving a contract dispute with a Chevron USA Inc. affiliate, Solar Trust of America LLC received a Delaware bankruptcy judge's blessing on Wednesday to sell two developmental solar projects in California to separate buyers for a combined $20 million.

  • June 27, 2012

    Glencore's $25B Xstrata Stock Offer Now Too Low, Qatar Says

    Just weeks away from sealing the year's biggest and thorniest cross-border merger, commodities trader Glencore International PLC got a surprise late Tuesday when a key shareholder of its acquisition target, Canadian miner Xstrata Resources PLC, said the $25 billion stock offer was too low.

  • June 27, 2012

    Arabtec JV Wins $3B Abu Dhabi Airport Terminal Job

    The Abu Dhabi Airports Co. has awarded a $2.9 billion construction contract for its new airport terminal to a three-company joint venture that includes Arabtec Construction LLC, which has had a hand in several prominent projects in the United Arab Emirates.

  • June 27, 2012

    White & Case Snaps Up Freehills Mining Deal Pro

    White & Case LLP has picked up a new partner from Australian law firm Freehills to lead its global mining and metals industry practice group in Asia, adding transactional experience in the mining and energy industries to its Singapore and Hong Kong offices, the firm said Tuesday.

  • June 27, 2012

    Enviros Can't Sink Shell's Preemptive Alaskan Drilling Suit

    An Alaska federal judge on Tuesday refused to toss a preemptive challenge by two Royal Dutch Shell PLC units to potential suits by environmental groups like Greenpeace seeking to block their Alaskan oil exploration activities.

  • June 26, 2012

    Former NRC Chief Jaczko Bullied Employees, Report Says

    A report released Tuesday by the U.S. Nuclear Regulatory Commission's inspector general found that embattled outgoing NRC Chairman Gregory Jaczko used "intimidating and bullying tactics" on employees at the agency.

  • June 26, 2012

    Lawmakers Reach Deal To Avert Student Loan Rate Hike: Report

    Washington lawmakers have carved out a tentative last-minute deal to prevent federal Stafford student loan interest rates from doubling to 6.8 percent before Sunday's deadline, and are nearing a deal on the highway transportation bill, according to Tuesday news reports.

  • June 26, 2012

    Australia OKs $10B Clean Energy Fund, But Miners Unhappy

    Australia's legislature on Monday approved a new AU$10 billion ($10.1 billion) government-backed fund to finance clean energy projects, but critics in Parliament and the country's powerful mining industry threaten to kill the program before it gets off the ground next summer.

  • June 26, 2012

    Army Corps Approves Keystone's US Segment

    The Obama administration on Monday reportedly granted part of TransCanada Corp.’s request to build a U.S. leg of the contested Keystone XL pipeline, fulfilling a promise to expedite its regulatory review.

  • June 26, 2012

    US Floats New Arctic Drilling Plans As Shell Fight Looms

    Interior Secretary Ken Salazar on Tuesday touted plans to open Arctic waters to new oil and gas leasing, even as he acknowledged his agency could face environmental lawsuits if it approves Royal Dutch Shell PLC’s proposal to drill off Alaska’s coast in the coming weeks.

  • June 26, 2012

    Qatar Proposes 500-MW Power Plant For LNG Hub In Wales

    A consortium led by Qatar's petroleum project development arm filed a proposal with the British government Tuesday to construct a 500-megawatt combined heat and power plant that would help fuel Wales' South Hook Liquefied Natural Gas Terminal, the biggest regasification hub in Europe.

  • June 26, 2012

    DC Circ. Rejects Vt.'s Entergy Plant Permit Challenge

    The D.C. Circuit rejected pleas Tuesday by Vermont and an advocacy group to review the U.S. Nuclear Regulatory Commission's renewal of an operating license for an Entergy Nuclear Operations Inc. power station, finding the permit challengers waived their objection because they never brought it to the federal agency.

  • June 26, 2012

    Judge Sacks BLM Plan To Open Colo. Plateau To Drilling

    A Colorado federal judge Friday struck down a Bureau of Land Management plan to open the state’s Roan Plateau to oil and gas drilling, finding that the agency neglected to consider an alternative strategy for managing the lands as required under federal law.

  • June 26, 2012

    DOI Questions Water Use For Planned 1,000-MW Hydro Plant

    The U.S. Department of the Interior voiced concerns Monday that Black Mountain Hydro LLC's proposed 1,000-megawatt hydroelectric plant could tax an already overstressed lake system in western Nevada, a criticism the developer took in stride Tuesday.

  • June 26, 2012

    Mich. Not A Gov't Entity In Bridge Deal, 6th Circ. Says

    The Sixth Circuit on Tuesday said states can be considered market participants when engaged in contracts with private companies, finding that Michigan did not violate the commerce clause when it refused to open access to closed-off freeway ramps that lead to a cross-border bridge.

  • June 26, 2012

    Joint Venture To Convert Petroplus Refinery Into Terminal

    A U.K. oil facility previously operated by now-insolvent Petroplus Holdings AG will be refashioned into a terminal under a joint venture among Shell UK Ltd., Royal Vopak and Greenergy, the companies said Tuesday.

  • June 26, 2012

    China-Backed Investment Co. To Inject $5B Into Shale Gas JV

    Chinese government-owned State Development & Investment Corp. will make a blockbuster $4.7 billion joint venture investment in domestic shale gas and coal projects as China attempts to ramp up shale gas production, according to news reports Tuesday.