Energy & Industrials News by GLG Council Members

solar tower installations are ought to stay a side line of CSP technology

November 17, 2009

Analysis by: GLG Expert Contributor

Analysis of:Solar Tower Technology makes U.S. debut | www.yourrenewablenews.com

the pivot point for CSP technology as it is the case for all alternative power generation is the ability to reach not only grid parity. All these technologies will compete from a certain point on between each other taking the central bench mark points initial investment, operational costs and overall efficiency genuine to the system type.Most technologies will be able to claim a certain share of the market but solar tower will be the least likely to become a mass application for large installations.

Dave HillmanIndependent ConsultantDave Hillman

Tasmanian BEK Market Pulp Mill Back On Track

November 17, 2009

Analysis of:GUNNS SAYS IN TALKS WITH SODRA ABOUT BELL BAY PULP MILL PROJECT | www.paperage.com

Four years after the initial announcement this mill is finally showing signs of becoming a reality. Financial markets have improved and now underwriting the US$1.7 billion project is no longer such a challenge.Having Sodra as a joint-venture partner proved to be the catalyst.This mill will produce 1.1 million mt of Bleached Eucalytpus market pulp for India, China and other SE Asia countries. This is most welcome in light of the new paper machines being installed.

Makes second debut first was in 1983

November 17, 2009

Analysis by: GLG Expert Contributor

Analysis of:Solar Tower Technology makes U.S. debut | www.yourrenewablenews.com

Solar One was a10MW Department of Energy Project put on line in 1983 at the cost of 143 million dollars. After several years of failed expectations it was shut down. It was fit with molten salts and reopened in the mid 90s after spending another 40 million dollars. Again after failed expectations it was shut down again after only two years.All the while right next door 15MW Solar Electric Generating Station 1 built for 62 million dollars has been generating electricity since 1984.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

"Cadillac" of Trucking Terminals to be Closed by YRCW

November 17, 2009

Analysis of:YRC Closes Big Richfield, Ohio, Terminal | www.tdu.org

 Financially troubled YRC Worldwide is closing its 202-door Richfield, Ohio, breakbulk terminal, one of the largest in its system. The move is part of YRCW's downsizing, and affects about 1,000 Teamsters at three Ohio terminals. About 400 of those 1,000 Teamsters already are laid off.

Michael LynchConsultantMichael E. Lynch

Devon looks at hole card, decides to consolidate operations

November 17, 2009

Analysis of:Devon Divests All GOM, International Assets | www.rigzone.com

Devon Energy plans to reposition itself as a high-growth North American onshore company. It will divest all Gulf of Mexico and international assets. Proceeds of the sales will be used to pursue opportunities in the U.S.A. and Canada and to reduce debt. The company will open data rooms and commence divestiture in the first quarter of 2010. Process to be completed by year end 2010. Then, Devon will deliver growth funded entirely with internally generated funds.

Jay ThompsonPresident and General ManagerTransportation Business Associates

Integrated Fuel Technologies Non-Urea SCR Option Hits A Speed-Bump

November 16, 2009

Analysis of:Cover Story: Pipe Schemes | www.seattleweekly.com

One of the two non-urea Selective Catalyst Reduction (SCR) developers as noted in GLG articles has legal problems prompting potential major users to steer clear for now. The referenced article by Laura Onstot for the Seattle Weekly is an interesting read including alleged money, fraud, religion, mistresses and other sorted issues - but more about business issues than the technology.

Hans LinhardtPresidentLTDI, Inc.

Shell in Competition with Exxon in Asia

November 16, 2009

Analysis of:Qatar Petroleum buys assets from Shell Singapore | www.shell.com

Shell had to sell downstream petrochemical assets in Singapore to Qatar Petroleum to compete with Exxon. 

Solar Location, Location, Location

November 16, 2009

Analysis by: GLG Expert Contributor

Analysis of:Solar Tower Technology makes U.S. debut | www.yourrenewablenews.com

Large Scale Centralized Solar Power Towers need to be located at ideal sites close to big grid access. Multiple projects have been completed in Europe and Australia and appear to working just fine. This generation of technology seems counterintuitive, yet very common-sensical and viable.

Vijaya IswaraPresident & Chief Executive OfficerDeep Sea Logistics, Inc.

FFA disputes and capital losses

November 15, 2009

Analysis of:Futures fray | www.tradewinds.no

FFA dispute between Marine Trade, Luxembourg, Pioneer Futures, China and Armada of Singapore ended up in London court for US Dollar settlement under the terms of FFABA master agreement. It is unclear in the article if the trade went through Oslo's Imarex and NOS clearing. Due to precipitous drop in baltic indices during 4Q08, 1Q09 such cases became common. FFAs a channel that was promoted as risk management tool for freight contracts has failed to achieve its very fundamental purpose for users.

Michael LynchConsultantMichael E. Lynch

OXY et al to redevelop 67 year old Awali oil field on Bahrain Island

November 15, 2009

Analysis of:OXY Forms Joint Co. to Further Develop Bahrain Field | www.rigzone.com

Occidental Petroleum Corporation, Mubadela Development Company and the National Oil and Gas Authority of Bahrain announced the creation of an operating company under a production sharing agreement signed in April of 2009. The joint company named Tatween Petroleum will begin work immediately. Composition of the redevelopment team will be mainly ex-Bahrain Petroleum Company employees. The revitalization of this old field represents a paradigm shift for the oil industry on Bahrain Island.

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