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Project Finance

  • June 20, 2012

    Enbridge Foe Says Voice Mail Shows Pipeline Discrimination

    Colorado-based High Prairie Pipeline LLC released a recording Wednesday in which an Enbridge Energy Partners LP representative allegedly admits to shutting the smaller carrier out of its oil pipeline system in favor of others, in support of its allegations that Enbridge's connectivity policy is “unduly discriminatory.”

  • June 20, 2012

    Technip Lands $380M Contract For Marathon Oil Project

    Subsea construction specialist Technip SA reeled in a contract worth more than €300 million ($380 million) to build a pipeline system for an $867 million offshore oil and gas project being developed by Marathon Oil Corp.'s Norwegian unit, the contractor announced Wednesday.

  • June 20, 2012

    Statoil Puts $25M Toward Aussie Shale Exploration Plan

    Norway's Statoil ASA will put up $25 million for the first phase of a Canadian oil and gas company's exploratory work in one of Australia's last major uninvestigated shale plays, the parties announced Wednesday.

  • June 20, 2012

    House Bill Would Halt New Surface Mines Pending HHS Study

    House Democrats introduced a bill Tuesday seeking a moratorium on new mountain-top surface mining projects across the U.S. until the federal government can complete a full scientific analysis of the health effects of the controversial coal extraction technique.

  • June 20, 2012

    NY Assembly Passes Fracking Health Study Bill

    The New York State Assembly on Wednesday passed a bill requiring a health impact assessment examining high-volume hydraulic fracturing activities in the state, as Democratic legislators stressed the need to examine the public health effects of the controversial natural gas extraction method.

  • June 20, 2012

    Italian Court OKs Enel's €2B Oil-To-Coal Plant Conversion

    Italy's top administrative court on Wednesday said Enel SpA, the country's biggest electric utility, could resume plans to convert a oil-burning plant to coal, a €2 billion ($2.6 billion) project that has drawn fire from locals and environmental groups.

  • 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.