The U.S. Department of State on Monday reminded U.S. oil companies of the legal risks of bypassing Iraq's central government when planning deals in the northern Kurdish region, a shortcut that has iced Exxon Mobil Corp. and Chevron Corp. out of the Halfaya oil field.
Massachusetts towns have a new tool to finance roads, sewers and water systems without stretching their already-tight budgets, thanks to a new state law that attorneys say should ease financing for the basic infrastructure needed to lure private developers.
The Federal Energy Regulatory Commission has licensed Ocean Power Technologies Inc. to build the nation’s first commercial plant harnessing electricity from the force of waves, the company said Monday, a breakthrough for a sector regulators say boasts serious promise.
A New York state judge refused Tuesday to undo the dismissal of allegations that Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs & Co. conspired to suppress a former Cadwalader Wickersham & Taft LLP attorney's patented financing method for airport bonds.
Heritage Oil PLC will sell a 26 percent stake in an oil and gas territory in Iraq's Kurdistan region to Genel Energy PLC for $156 million and also receive a $294 million loan from the company, Heritage announced Tuesday.
A U.S. congressman on Friday criticized the General Services Administration’s $400 million plan to construct a new federal courthouse in Los Angeles, claiming it was unnecessary and a waste of taxpayer money.
Philadelphia-area rail advocates expressed concern during a Monday public meeting that a $151 billion proposal for future improvements to the Northeast Corridor, including high-speed rail through the heart of the city, would harm existing services for regional and commuter rail passengers.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.