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Project Finance

  • June 5, 2012

    NY Landowners Move For Repeal Of Local Fracking Ban

    A group of New York landowners lodged a petition in state court seeking to overturn the city of Binghamton's temporary ban on natural gas drilling activities, including hydraulic fracturing, arguing the city illegally bypassed a county development board review of the legislation.

  • June 4, 2012

    Calif. Senate Gives Go-Ahead To New Redevelopment Plans

    The California Senate on Thursday approved two bills that would establish a framework for carrying on certain redevelopment activities, after the state Supreme Court abolished redevelopment agencies last year.

  • June 4, 2012

    Pa. Gov. Seeks $67M Annual Tax Credit For Shell Refinery

    Pennsylvania Gov. Tom Corbett will seek a roughly $67 million annual tax credit for Shell Oil Co. in an attempt to reel in the oil giant, which is eyeing the state for a refinery, including an ethane cracking facility, an aide to a Pennsylvania state senator confirmed Monday.

  • June 4, 2012

    Wind Industry Faces Collapse With Tax Credit In Limbo

    As the wind energy industry faces mounting job losses and project setbacks, the Obama administration and some lawmakers are rallying behind an extension of the production tax credit for wind power, but experts say Congress might not renew the program without a major political concession from the president. 

  • June 4, 2012

    House Green Group Wants 3 Highway Bill Riders Struck

    Members of the House Sustainable Energy and Environment Coalition are urging a conference of legislators working on a new federal surface transportation bill to reject three amendments passed by the U.S. House of Representatives that would gut environmental regulations.

  • June 4, 2012

    Calif. Gov. Seeks To Ease Enviro Review For $68B Rail Project

    With an environmental lawsuit filed Friday over California’s $68.4 billion high-speed rail plan and more suits expected, Gov. Jerry Brown is looking to expedite court review of the project by relaxing some requirements under the California Environmental Quality Act, according to sources familiar with the proposal.

  • June 4, 2012

    Kazakhstan Settles Financing Rows Over Kashagan Oil Site

    Kazakhstan has ironed out disputes with foreign developers over the multibillion-dollar Kashagan oil development in the North Caspian that could reap as much as 5 billion tons of fossil fuels, a law firm for the Kazakhstan government said Monday.

  • June 4, 2012

    Industry Report Challenges EPA Fracking Emissions Data

    The natural gas industry on Monday challenged the U.S. Environmental Protection Agency's emissions data for hydraulically fractured wells, releasing a report claiming the agency overestimated greenhouse gas pollution from unconventional gas production activities.

  • June 4, 2012

    Orrick Lures Chadbourne Energy Expert For DC Office

    Orrick Herrington & Sutcliffe LLP has picked up a project finance expert from Chadbourne & Parke LLP to join its global energy and infrastructure practice group in its Washington, D.C., office.

  • June 1, 2012

    Oil Majors Shun Iraqi Auction Over Stingy Lease Terms

    The latest round of Iraqi oil lease auctions landed with a thud on Thursday, with only three of 12 exploration blocks sold, and none of them to a major U.S. or European driller, which industry watchers say are tired of settling for small fees for the oil they find while market prices push $100 per barrel.

  • June 1, 2012

    Qatar Co. Lands $1B In Islamic Financing For Solar Plant

    Qatar Solar Technologies sewed up the financing for one of the biggest solar energy-related projects in the Middle East, with a domestic bank providing $1 billion to build a factory that will produce components for solar panel wafers, according to an announcement Friday.

  • June 1, 2012

    La., NC Move On Fracking Regs As State Patchwork Grows

    Lawmakers in North Carolina and Louisiana moved to regulate hydraulic fracturing Thursday, adding new protections for residents and trade-secret assurances for drillers in a pair of bills that add to the growing patchwork of state and federal rules governing the practice.

  • June 1, 2012

    Hyundai E&C Inks $983M Qatar Construction Contract

    South Korean construction giant Hyundai Engineering & Construction Co. Ltd. has signed a $983 million contract with Qatar's Public Works Authority to reconstruct an expressway in the country, Hyundai E&C said in a regulatory filing Friday.

  • June 1, 2012

    White House Threatens To Veto House Energy Funding Bill

    The White House on Thursday promised to veto Republican-backed energy legislation, saying it would short-circuit vital funding for clean energy projects and research into cutting-edge technology.

  • June 1, 2012

    BP Could Net $30B In Sale Of Russian Oil Stake

    BP PLC put its 50 percent stake in a massive Russian oil venture up for sale Friday, a move that could net up to $30 billion, slash BP's total production by a third and end what has long been an uneasy marriage with its Russian partners.

  • June 1, 2012

    FERC Told Alaska Hydro Plant Needs Better Impact Study

    A slew of conservation groups have sharply criticized regulators' review of the Alaska Energy Authority's proposed 600-megawatt Susitna-Watana hydroelectric dam project, imploring it to launch an exhaustive environmental assessment instead of falling back on incomplete data they said could skew the facts.

  • May 31, 2012

    Calif. Senate Sinks Fracking Neighbor Notification Bill

    A California bill seeking to require oil and gas drillers to provide notice to nearby property owners and residents before starting hydraulic fracturing operations failed to secure enough votes to pass out of the state Senate on Thursday.

  • May 31, 2012

    $68B High-Speed Rail Plan Draws Fire From Orange County

    The Orange County Transportation Authority criticized the California High-Speed Rail Authority’s schedule for constructing the initial segment of a $68.4 billion rail system in a letter the regional transit provider drafted last week, also taking aim at its proposal to use revenue from cap-and-trade auctions.

  • May 31, 2012

    Gas-Rich States Knock Federal Fracking Rules Before Panel

    New federal regulation of hydraulic fracturing could choke off oil and gas drilling on public lands and subject energy firms to duplicative permitting rules, according to testimony in front of a Republican-led congressional panel Thursday.

  • May 31, 2012

    PE Fund To Pay $1.6B For Stake In $18B China Gas Pipe

    China's energy infrastructure sector got its first infusion of private equity Wednesday, when a fund managed by the nongovernmental chamber of commerce inked a 10 billion yuan ($1.6 billion) deal for a minority stake in PetroChina Co. Ltd.'s 116 billion-yuan natural gas pipeline.