We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Project Finance

  • May 30, 2012

    Enviros Lose Bid To Block Highway Proposal

    A Virginia federal judge on Tuesday tossed an environmental group's challenge to a city-backed proposal to build a highway bypass over the state's 61-acre McIntire Park, saying a federal agency was right to choose the plan over a less intrusive proposal.

  • May 29, 2012

    Bar Tax Info In $786M Alaska Pipeline Fight, FERC Hears

    The owners of the Trans-Alaska Pipeline on Friday asked a Federal Energy Regulatory Commission judge to strike testimony by ratepayer witnesses from Anadarko Petroleum Corp. and Tesoro Corp. in a rate dispute over a $786 million project, saying they improperly used findings from separate tax proceedings.

  • May 29, 2012

    NY Power Plant Regs Stifle Enthusiasm, Developers Say

    Burdensome, nitpicking regulations could discourage new power plants from being built in New York, developer groups said Tuesday, warning that a law meant to lure builders with a sleek, streamlined approval process could actually backfire.

  • May 29, 2012

    9th Circ. Won't Kill Shell's Arctic Drilling Permit

    The Ninth Circuit on Friday rejected environmental groups' challenges to permits issued by the Bureau of Ocean Energy Management, allowing Shell Offshore Inc. to begin an exploratory oil drilling project off the coast of Alaska.

  • May 29, 2012

    Slaughter Advises AngloGold In $220M Brazilian Mine Deal

    AngloGold Ashanti Ltd. on Tuesday agreed to pay a Kinross Gold Corp. subsidiary $220 million for the remaining 50 percent stake in Brazil’s Serra Grande gold mine, giving it full ownership of the mine.

  • May 29, 2012

    BLM Suggests New Route For SunZia Electricity Project

    The U.S. Bureau of Land Management on Friday issued a draft environmental impact statement for SunZia Transmission LLC's high-voltage transmission project across New Mexico and Arizona, proposing an alternative 530-mile route for the project's 500-kilovolt lines.

  • May 29, 2012

    Enviro Group Sues To Nix 315-MW Calif. Wind Project

    A California environmental group, a local labor union and desert residents on Friday sued federal and state authorities to stop the construction of a 315-megawatt wind energy facility on more than 10,000 acres of public land near the Anza-Borrego Desert State Park.

  • May 29, 2012

    China’s State Grid Inks $1B Deal For Brazilian Power Assets

    State Grid Corp. of China, the world’s largest power utility company, has struck a deal worth roughly 2 billion Brazilian reais ($1 billion) for electricity transmission facilities spread across the South American powerhouse, according to a Tuesday announcement.

  • May 29, 2012

    BNSF Railway To Spend $120M On Calif. Upgrades In 2012

    BNSF Railway Co. will invest about $120 million to make repairs and improve rail capacity on roughly 786 miles of track in California by the end of 2012, the Texas-based railroad operator said Tuesday.

  • May 29, 2012

    Dewey & LeBoeuf Files For Bankruptcy

    Following the defection of more than half its partners, debt-ridden Dewey & LeBoeuf LLP filed for bankruptcy Monday night, marking one of the largest law firm collapses in U.S. history.

  • May 25, 2012

    American Tank & Vessel Deals Blow To Contractor's $20M Suit

    A Texas state judge ruled Tuesday that a former contractor’s claim for $20 million in consulting fees from American Tank & Vessel Inc. is likely offset to some degree because he caused the company to lose an oil pipeline contract with the Ghanaian government.

  • May 25, 2012

    Ohio OKs Fracking Bill Requiring More Insurance, Disclosures

    The Ohio legislature gave final approval Thursday to legislation that calls for oil and gas companies to reveal chemicals used in hydraulic fracturing and requires horizontal well owners to obtain at least $5 million in insurance coverage.

  • May 25, 2012

    Reopened Uranium Mine At Odds With DOI Ban, 9th Circ. Told

    Groups opposed to the 2009 reopening of a defunct uranium mine asked the Ninth Circuit on Friday to revive their claims against federal land regulators in a case that will test the strength of a recent federal ban on uranium mining near the Grand Canyon.

  • May 25, 2012

    NRG Rival Sues To Halt $120M Calif. Car-Charging Deal

    Electric vehicle charging company ECOtality Inc. on Friday sued to block a $120 million settlement between NRG Energy Inc. and California regulators that would create electric car-charging stations across the state, saying the deal gives NRG a statewide monopoly.

  • May 25, 2012

    China Greenlights $11B Baosteel Plant Project

    The Chinese government on Friday reportedly approved a long-awaited $11 billion Shanghai Baosteel Group Corp. project to build a steel plant in the southern province of Guangdong, ending years of delay because of overcapacity in the steel industry.

  • May 25, 2012

    Shell Keeps $2B Offer Open In Bidding War For Cove Energy

    Royal Dutch Shell PLC on Thursday extended its $1.8 billion offer for Cove Energy PLC, giving itself room to evaluate its options after the East Africa-focused company earlier this week instead accepted a rival bid from Thailand's PTT Exploration & Production PCL.

  • May 25, 2012

    Senate Skips DOI Nominee Amid Energy Confirmations

    The U.S. Senate on Thursday confirmed two new members of the Federal Energy Regulatory Commission, as well as a nominee for a Department of Energy post, but failed to act on a nominee for a key administrative job in the Department of the Interior who has faced Republican opposition.

  • May 25, 2012

    IFC Makes First Clean Energy Loan To Central America

    The World Bank's financing arm signed its first loan to support clean energy in Central America on Friday, providing $50 million to Honduras' Banco Atlantida SA to fund small-scale renewable power and energy efficiency projects.

  • May 25, 2012

    Kyrgyz Gold Project Restarts After Violence On Site

    British miner Orsu Metals Corp. will resume its search for gold in Kyrgyzstan, the company said Friday, seven months after villagers on horseback set fire to a camp where project geologists were staying.

  • May 25, 2012

    Saudi Aramco, Sumitomo Plot $7B Petrochemical Expansion

    Japan's Sumitomo Chemical Co. Ltd. and state-owned Saudi Aramco on Friday unveiled plans for a $7 billion expansion to their jointly owned petrochemical plant on the Red Sea coast in Saudi Arabia.