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Project Finance

  • June 20, 2012

    House Dems Press DOI To Toughen Fracking Disclosure Rules

    House Democrats on Wednesday urged the U.S. Department of the Interior to revise its proposed regulations for hydraulic fracturing on federal lands to require disclosure of chemicals used in the process before it occurs rather than after, as the agency had originally proposed.

  • June 20, 2012

    Mont. High Court OKs Gas Wells Despite Sage Grouse Threat

    Montana's Supreme Court on Tuesday rejected an appeal by environmentalists who said that a state board's issuance of 23 natural gas well permits in the eastern part of the state posed a threat to imperiled sage grouse.

  • June 20, 2012

    Chevron Joins Kosmos In Offshore Suriname Exploration

    Chevron Corp. has gained a foothold in the nascent South American offshore oil and gas sector with a deal for a 50 percent working interest in two blocks that Texas-based Kosmos Energy Ltd. is exploring off Suriname, the companies announced Wednesday.

  • June 20, 2012

    House Panel Passes EPA Budget With $1.4B In GOP Cuts

    An appropriations bill cutting $1.4 billion in funding for the U.S. Environmental Protection Agency advanced out of a House subcommittee on Wednesday, as GOP members accused the agency of hurting the energy industry through overzealous regulations and enforcement actions.

  • June 20, 2012

    Holland & Knight Nabs Abu Dhabi Construction, Energy Ace

    A construction law and energy expert who was previously an in-house counsel for a subsidiary of the Qatar Foundation has joined Holland & Knight LLP as a partner in the firm's Abu Dhabi office, Holland & Knight said Monday.

  • June 20, 2012

    $1.7B Gulf Lease Sale Signals Post-Deepwater Resurgence

    The U.S. raised $1.7 billion in Wednesday's Gulf of Mexico oil and gas leasing round, the fourth-highest total ever and a sign that energy companies — including BP PLC, which won 43 of 48 tracts it bid on — are returning, however warily, two years after the Deepwater Horizon spill ground new drilling to a halt.

  • June 20, 2012

    Development Banks Commit $175B For Transportation Upgrades

    Several development banks from around the globe on Wednesday unveiled plans to supply more than $175 billion in loans and grants earmarked for transportation upgrades in developing countries, including through new energy-efficient projects.

  • June 20, 2012

    Grange Seeks To Hand Off Stake In $3B Aussie Ore Mine

    Grange Resources Ltd., Australia's top magnetite producer, is looking to unload a minimum 30 percent chunk of its AU$2.89 billion (US$2.94 billion) Southdown project in Western Australia, according to a Wednesday announcement.

  • June 20, 2012

    House Approves Land Use Bill Expanding DHS Surveillance

    The U.S. House of Representatives passed an omnibus land use bill on Tuesday combining 14 measures, including a provision expanding U.S. Department of Homeland Security access to federal lands near the borders for surveillance.

  • June 19, 2012

    EPA Air Chief Defends Agency Gaffes On Emissions Rules

    U.S. Environmental Protection Agency air quality chief Gina McCarthy on Tuesday defended the EPA against Republican claims that agency officials have privately acknowledged air emissions regulations will destroy coal power, stressing that the coal industry’s problems were economic.

  • June 19, 2012

    Labor Deal Comes At Crucial Time For $5B Tappan Zee Project

    A pact between New York Gov. Andrew Cuomo and labor groups to cut hundreds of millions of dollars from the price of manpower in the Tappan Zee Bridge rebuild marked a timely confidence boost for investors, yet challenges remain as the estimated $5.2 billion project enters a crucial phase, experts said Tuesday.

  • June 19, 2012

    Sinosteel Gets Go-Ahead For Western Australia Ore Mine

    The environmental authority of the state of Western Australia gave a green light Monday to a two-pit iron ore mine project that owner Sinosteel Midwest Corp. Ltd. expects will yield 15 million metric tons (16.5 million tons) of ore annually.

  • June 19, 2012

    China Pushes For Private Investment In Power Sector

    A Chinese government agency reportedly released guidelines Tuesday that aim to encourage private capital to flow into the country's power market, a sector currently dominated by state-owned players.

  • June 19, 2012

    White House Threatens To Veto GOP Energy Package

    The White House vowed on Tuesday to veto a package of energy bills backed by House Republicans, saying the measures would undermine energy security, upend oil and gas leasing reforms, and make it harder for the government to regulate harmful air emissions.

  • June 19, 2012

    Shareholders Claim Mining Execs Hid $246M Project Overrun

    Canada-based Baja Mining Corp. was sued Friday in British Columbia provincial court over $246 million in cost overruns at its $1.14 billion Mexican metals project, which an investor says it concealed to ward off a shareholder mutiny and defeat an April proxy challenge.

  • June 19, 2012

    Enviros Challenge BLM On Powder River Drilling

    Environmentalists on Tuesday sued the U.S. Bureau of Land Management over its approval of a resource management plan they said would endanger elk and other wildlife in Wyoming's Powder River Basin, an area coveted by the coalbed natural gas industry.

  • June 19, 2012

    PSE&G Wins NJ Approval For $390M Transmission Project

    Public Service Electric & Gas Co. won approval from New Jersey's utilities regulator on Monday for a $390 million project to upgrade transmission lines and substations in the state's northern and central regions.

  • June 19, 2012

    Wash. Enviros Sue Navy To Block $715M Nuclear Wharf

    Two Washington state nonprofits sued the U.S. Department of the Navy on Monday over construction of a nuclear-submarine-related wharf near Seattle, saying the military violated environmental laws by conducting an inadequate review of the $715 million project.

  • June 19, 2012

    Kodiak Joins Cos. Accusing Enbridge Of Oil Pipeline Bias

    Colorado-based Kodiak Oil & Gas Corp. on Monday became the latest energy company to accuse common carrier Enbridge Energy LP of discriminating against U.S. producers by shutting them out of its pipeline system in favor of Canadian tar sands operations — a charge the oil transport giant adamantly denies.

  • June 19, 2012

    Aussie Mining Co. Bags Support For $4B Iron Ore Project

    Minerals exploration company Australasian Resources Ltd. on Tuesday said it nailed down tentative financing from the Industrial & Commercial Bank of China Ltd., one of the world's largest banks, for its $3.9 billion mining project in the Pilbara region of western Australia.