| Highland Capital, PetroCap raising energy investment fund A new fund affiliated with investment firm Highland Capital Management and energy investment firm PetroCap Inc. is raising $200 million to invest in energy exploration and production, according to regulatory documents. feeds.bizjournals.com |
Report: Columbus among less-stressful big cities Millions of Americans are stressing out these days amid a troubled economy, but a new study indicates Central Ohioans might have it easier than dwellers of other big cities. feeds.bizjournals.com |
InterOil to Partner With Energy World to Construct a Two MTPA Land-Based LNG Plant [PR Newswire] - InterOil Corporation today announced that InterOil and Liquid Niugini Gas Ltd., its Joint-Venture liquefied natural gas project company with Pacific LNG Operations Ltd., have signed a binding Heads Of Agreement with Energy World Corporation Ltd. to construct a two million tonne per annum land-based LNG plant in the Gulf Province of Papua New Guinea . Â The Train 1 LNG plant would process an estimated 1.5 trillion cubic feet of natural gas over 15 years with early stage capital expenditure estimates amounting to US$455 per metric tonne of LNG production. Â In return for its commitment to fully fund the plant, the HOA provides that EWC is to be entitled to a fee of 14.5% of the proceeds from the sale of LNG from the plant, less agreed deductions, and subject to adjustments based on timing and execution. Â The HOA sets out the major terms and conditions which the parties intend to include in the Train 1 Funding and Shareholder's Agreements, as well as a potential expansion of the plant's capacity from 2 mtpa to 3 mtpa. us.rd.yahoo.com |
Medaille students encouraged to go green Officials at Medaille College hope to realize 15 percent in energy savings during a six-week energy conservation competition among on-campus students. feeds.bizjournals.com |
Restraining order threatens to derail statewide energy efficiency program A superior court judge issued a temporary restraining order Thursday, preventing the California Energy Commission from issuing $33 million in funding for energy efficiency loans sought by cities, counties and other public entities. feeds.bizjournals.com |