Project Finance

  • January 4, 2012

    PHI Group To Build 2,000-MW Coal Plant In Vietnam

    California energy company PHI Group Inc. has signed an agreement with a Vietnamese company to build a coal-fired power plant in Vietnam using clean coal technology, PHI said Wednesday.

  • January 4, 2012

    Kinder Boosts Stake In $430M Texas Oil Terminal To 98%

    Kinder Morgan Energy Partners LP bought out its partner's 50 percent stake in a $430 million Houston oil terminal, boosting its own share to 98 percent, the energy transport and storage company said Wednesday.

  • January 4, 2012

    Baker Botts Adds SNR Denton Project Finance Atty In Dubai

    Baker Botts LLP's Dubai office has snagged the former head of SNR Denton's Bahrain branch to bolster its project, trade and Islamic finance practices in the region, the firm announced Tuesday.

  • January 3, 2012

    High-Speed Rail Project Panned Over Funding

    An independent panel tasked with reviewing California's proposed high-speed rail system criticized the project in a report Tuesday, saying it is not financially feasible and recommending that the state legislature not appropriate $2.7 billion in bond proceeds for the project.

  • January 3, 2012

    Astaldi, Impregilo Score $1B Italian Road Contract

    An Italian road authority awarded construction firms Astaldi SpA and Impregilo SpA a €791 million ($1.03 billion) contract to build a road in southern Italy, the firms announced Monday.

  • January 3, 2012

    SPI Solar Lands NJ Utility Contract

    California solar developer SPI Solar has won a contract to build an 11.3-megawatt solar energy facility in southern New Jersey, SPI announced Tuesday.

  • January 3, 2012

    Vero To Sell Alberta Gas Assets For $207M

    Energy exploration, development and production company Vero Energy Inc. said Tuesday it had agreed to sell natural gas assets in west-central Alberta to an unnamed private equity-backed buyer for CA$209 million (US$206.7 million) in order to pay down debt and focus on Cardium formation operations.

  • January 3, 2012

    Mich. Group’s Wind Farm Fight Heads For Oral Arguments

    A Michigan judge will hear oral arguments Wednesday from a group fighting the construction of seven meteorological towers related to a wind farm, which will bolster the group’s attempt to block the entire project, it said Tuesday.

  • January 3, 2012

    Sinopec Puts Up $2.2B For Stake In US Shale Projects

    Sinopec International Petroleum Exploration & Production Corp., a subsidiary of energy giant China Petroleum & Chemical Corp., will invest $2.2 billion for a stake in five exploratory oil shale projects owned by Oklahoma-based Devon Energy Corp., the companies announced Tuesday.

  • January 3, 2012

    Total Pays $2.3B For Stake In Ohio Shale Play

    French oil and gas giant Total SA will pay Chesapeake Energy Corp. and EnerVest Ltd. affiliates more than $2.3 billion for a 25 percent stake in a joint venture in the Utica shale play in Ohio, the companies announced Tuesday.

  • January 3, 2012

    Foster Wheeler Unit Wins Vietnam Power Plant Contract

    A subsidiary of Swiss construction firm Foster Wheeler AG has secured a contract from a Hyundai Motor Co. affiliate to build four steam generators for a Vietnam power plant, Foster Wheeler announced Tuesday.

  • January 3, 2012

    Capital Nears Deal With Gambit To Mine Nevada Gold

    Capital Financial Global Inc. has signed a letter of intent with mining operator Gambit Trade Worldwide to try to extract precious metals from a distressed mining site in Nevada, the firm said Tuesday.

  • December 23, 2011

    Metal Co.'s Deal Paves Way For Mitsubishi Mining Stake

    Australian companies Murchison Metals Ltd. and Chameleon Mining NL have settled a dispute for $25 million, clearing the way for Murchison's sale of its stake in a major iron ore mining project and a port and railroad venture to Mitsubishi Corp.'s Australian subsidiary, Murchison announced Friday.

  • December 23, 2011

    Canadian Regulator Approves Enbridge's $177M Pipeline

    Canada's National Energy Board approved Enbridge Inc.'s CA$180 million (US$176.6 million) Bakken Pipeline project to extend an oil transport line from North Dakota to refineries in Canada and the U.S., the regulatory body said Thursday.

  • December 23, 2011

    Infrastructure Venture Wins $332M Australia Coal Project

    A joint venture by Australian infrastructure developer Monadelphous Group Ltd. and Malaysian contractor Muhibbah Engineering Bhd. has won a $332 million development contract for a coal export facility in Australia, both companies announced Thursday.

  • December 23, 2011

    Gamesa To Provide Egypt With 100 Wind Turbines

    Gamesa Corp. Tecnologica SA has won a contract with Egypt's New & Renewable Energy Authority to supply 100 wind turbines to the country as it seeks to expand its nontraditional energy sources, the Spanish turbinemaker said Friday.

  • December 22, 2011

    EU-Backed Clean Energy Fund Invests In $2B Wind Farm

    A European investment fund meant to help the region meet its looming renewable energy targets has acquired a minority stake in a €1.3 billion ($1.7 billion) offshore wind farm under construction off the coast of Belgium, it announced Thursday.

  • December 22, 2011

    JPMorgan To Hand NextEra $209M For Calif. Wind Farms

    NextEra Energy Resources LLC expects to rake in a combined $209 million from a JPMorganChase & Co. unit in exchange for a stake in three California wind farms, the U.S.'s biggest wind power producer said Thursday.

  • December 22, 2011

    Concho Takes On Texas Oil Field Land For $175M

    Oil and natural gas developer Concho Resources Inc. has acquired a 10,800-acre tract of land in a West Texas oil field from Petroleum Development Corp. for $175 million, the companies announced Thursday.

  • December 22, 2011

    AEP Will Shutter Upwind Plant To Save $1.7B Ark. Facility

    An American Electric Power unit will retire a coal-fired power plant in Texas in order to settle claims by the National Audubon Society and Sierra Club seeking to block construction of a new $1.7 billion plant in Arkansas, the groups announced Thursday.