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Project Finance

  • August 27, 2012

    OPIC Puts Up $310M For Kenyan Geothermal Plant Expansion

    The U.S. government's development finance arm will lend a unit of geothermal power project developer Ormat Technologies Inc. up to $310 million to add up to 52 megawatts of new capacity to a Kenyan power generation facility, Ormat announced on Monday.

  • August 27, 2012

    NRC Amends Reporting Rule On Plant Construction Alterations

    The U.S Nuclear Regulatory Commission on Monday issued a final rule amending its regulations for the verification of nuclear power plant construction activities to require licensees to report any alterations they make after the supposed completion of any required inspections, tests or analyses.

  • August 27, 2012

    CFTC Adopts Swaps Record-Keeping, Registration Rules

    The U.S. Commodity Futures Trading Commission on Monday finalized new record-keeping and registration requirements for participants in the $700 trillion over-the-counter derivatives market.

  • August 27, 2012

    Sundance Board OKs Reduced $1.5B Bid From Hanlong

    With iron ore prices falling, Australian mining outfit Sundance Resources Ltd. on Friday accepted a lowered AU$1.4 billion (US$1.5 billion) takeover bid from China's Hanlong Mining Investment Pty Ltd., which had been under pressure from the government to reduce its previous offer.

  • August 27, 2012

    Milbank To Add Linklaters Project Finance Vet In London

    A veteran Linklaters LLP project and infrastructure finance attorney who has worked in Europe and Asia will join Milbank Tweed Hadley & McCloy LLP as a London-based project finance partner in September, Milbank said on Friday.

  • August 27, 2012

    Regulators Mull Delay In Stress Tests For Midsize Banks

    After hearing concerns about midsize banks' abilities to carry out company-run stress tests, federal regulators said Monday they were considering giving banks with assets of $10 billion to $50 billion more time to begin performing those tests, mandated under the 2010 Dodd-Frank Act.

  • August 24, 2012

    Texas Landowners Take Hit In Suit Against Range Resources

    A Texas state appeals court dealt a blow Thursday to landowners who had sued Range Resources Corp. over allegations the company’s Barnett Shale drilling had contaminated their water well, and who then said the company retaliated against them with a suit of its own, ruling on jurisdictional grounds it couldn’t hear their appeal.

  • August 24, 2012

    Romney's Energy Plan Unfairly Favors Oil, House Dems Say

    House Democrats on Friday released an analysis tearing into Mitt Romney’s energy plan, arguing the GOP presidential candidate’s proposals would undermine key environmental laws, open public lands to excessive development and support the oil industry at the expense of renewable energy.

  • August 24, 2012

    Keystone Win Belies Looming Land Use Showdown In Texas

    A decision Thursday upholding TransCanada Corp.'s right to seize private land for its Keystone XL pipeline serves as a window into a quirky corner of real estate law in Texas, where the oil and gas industry — the state's economic lifeblood — faces off with a political culture that takes property rights very seriously.

  • August 24, 2012

    Bloomberg's Fracking Stance May Undercut Climate Reputation

    Mayor Michael Bloomberg's recent support for the expansion of hydraulic fracturing, voiced even as New York City makes permanent one of Bloomberg's trumpeted anti-global warming policies, led some environmentalists to wonder Friday about his commitment to fighting climate change. 

  • August 24, 2012

    Energy Co. Seeks $465M From Shaw Group In Contract Suit

    Energy firm Carbon Holdings Ltd. lodged a suit against The Shaw Group Inc. in Louisiana federal court on Thursday, looking to secure $465 million from the engineering and construction company for allegedly failing to fulfill contractual responsibilities for the development of a $3.75 billion petrochemical plant in Egypt.

  • August 24, 2012

    Glencore Stands Firm On $25B Xstrata Bid As Deadline Passes

    Glencore International PLC's deadline to increase its $25 billion stock offer for fellow Anglo-Swiss outfit Xstrata PLC came and went Friday, but the commodities giant did not bow to pressure from a Qatari private equity shareholder that has demanded a better price for its Xstrata shares.

  • August 24, 2012

    Chevron To Drill 120 Wells In Argentina In Next 3 Years

    California-based Chevron Corp. plans to drill 120 new oil and gas wells at its Neuquen Basin holdings in Argentina over the next three years, a development that reportedly could cost $1.8 billion, a Chevron executive said in a presentation Thursday.

  • August 24, 2012

    Jackson Walker Nets Energy, Finance Pro From Vinson

    A Vinson & Elkins LLP attorney has joined Jackson Walker LLP's Houston office, where he will be a partner in the firm's energy and derivatives groups, Jackson Walker announced Thursday.

  • August 24, 2012

    Permit Delays, Violence Derail Xstrata's $6B Philippines Mine

    A unit of Anglo-Swiss miner Xstrata PLC is likely to miss a planned 2016 startup for a gold and copper mine in the Philippines after regulatory delays and a wave of violence at the site, the company confirmed Friday.

  • August 24, 2012

    ConocoPhillips Loses $2.3M Trans-Alaska Pipeline Tax Refund

    An Oklahoma federal judge on Thursday ruled that ConocoPhillips Co. should not have received a $2.28 million tax refund in 2000, saying the company wrongly calculated its tax basis after acquiring an owner of the Trans-Alaska pipeline.

  • August 24, 2012

    Group Challenges 2nd FAA Approval For Cape Wind Project

    A Massachusetts nonprofit on Wednesday asked the D.C. Circuit to review 130 aeronautical studies on which the Federal Aviation Administration based its second approval for the Cape Wind offshore wind farm in Nantucket Sound.

  • August 24, 2012

    Ohio Eyes $300M Public-Private Deal For Bridge Project

    Ohio Gov. John Kasich on Thursday announced plans for a public-private partnership to help push along a $332 million bridge reconstruction project in Cleveland that has stalled out after funding shortfalls.

  • August 24, 2012

    Vinson & Elkins Reps QEP In $1.4B Buy Of Shale Assets

    QEP Resources Inc. has purchased shale plays in the Bakken and Three Forks Shales in North Dakota from several sellers, including Black Hills Corp. and Unit Corp., for roughly $1.4 billion, the Colorado energy company said Thursday evening.

  • August 23, 2012

    Calif. Assembly OKs Bill To Hasten Pipeline Maintenance

    The California Assembly on Thursday passed a bill that aims to prevent another pipeline explosion like the deadly 2010 blast in San Bruno, Calif., by exempting small-scale pipeline projects from review under the state’s environmental law so utilities can speed up maintenance and replacement.