Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
Schlumberger in unique position to observe worldwide oil and gas activity
October 25, 2009
Schlumberger Reports 3Q Earnings of $5.43B | www.rigzone.com
Schlumberger reported third-quarter revenue of $5.43 billion compared with $7.26 billion in the third quarter of 2008. Quarterly sequential results were about the same. Oilfield Service revenue was down 22% year on year while Western Geco was down 48%. CEO Andrew Gould predicted that the remainder of 2009 could show modest gas drilling improvement but flat pricing. He saw no significant oil service activity increase until late 2010. New liquefied natural gas (LNG) will keep prices low.
Mexico To Start Growing GM Corn
October 25, 2009
Mexico issues first permits to grow GM corn | www.reuters.com
Mexico is famous for its Corn and wheat research center by the name of CIMMYT.Mexico is amongst the leading countries to produce white corn. Recently Mexico scientists and farmers have got the signal to grow GM maize which means the production and quality will definitely improve.
October 24, 2009
Three solar companies set up units in Andhra | www.business-standard.com
There is lot of scope and room for expansion of power generation in India.Solar power will prove a boon for energy hungry population. There is an urgent need for more such projects.
October 24, 2009
Biofuels do harm, aren't they? | pellets-wood.com
The debate continues on whether biofuel production has adverse impacts on food supply and production. However another way of looking at the question is whether, in the absence of subsidies, biofuels can compete with food.
October 24, 2009
Biofuels do harm, aren't they? | pellets-wood.com
The supply of oil is running out - biofuels grow using solar power on the same area of land. They are sustainable.Food cost increased through panic buying by forward traders.
IP Leads In Capacity Reduction
October 23, 2009
International Paper to Shut Down Three Mills | www.paperage.com
IP has said there is excess capacity in both containerboard and uncoated freesheet (UFS). Now they've made a significant move to correct this situation by shutting down 3 papermills. plus one large machine in Oklahoma.Containerboard capacity was reduced by 2.1 million mt. Uncoated Freesheet by 600,000tpy. Coated paperboard (SBS) by 140,000 typy.The mills are located in Franklin, VA, Albany,Oregon, Pineville, LA and the one paper machine in Valliant, OK
Emerging Trend of Solar Military Installations
October 23, 2009
Being Army-Strong for Solar: largest DOD plant in U.S. | www.examiner.com
As noted in this original source article, the Fort Irwin U.S. Army installation will be housing the largest military solar energy plant in the country, and ACCIONA Solar Power and Clark Energy Group`s joint partnership for the project will likely develop more than the initial 500 megawatts of solar power, since expansion plans allow for up to 1 gigawatt to be generated in later years.
World oil demand might grow if everything works out OK
October 23, 2009
World oil demand to grow next year | www.offshore-mag.com
The IHS and Cambridge Energy Research Associates expect crude oil demand to grow in 2010 for the first time since 2007 and return to pre-recession levels by 2012. The rebound would mark a turnaround from the largest drop in global demand since the oil crisis of the early 1980s. Oil demand dropped from a high of 86.5 million bbl/day in 2007 to 83.8 million in 2009. The last time the world experienced a severe decline in crude oil demand, nine years were required for it to reach 1979 levels.
Ecuador Shrimp Problems May Be Good News For US Shrimpers
October 22, 2009
The Disappearance of Ecuador’s Mangroves | fishfarmaz.com
The USA shrimp industry has taken its share of hits lately. The imports form China, Cental and South America have caused the prices to drop to a point where US wild shrimp just seems to expensive to the average consumer. This may be about to change, as we look more closely at what is happening with the Ecuadorian farmed supply.
Compressed gas as transportation fuel still rising.
October 22, 2009
Enthusiasm for Natural Gas Cools | www.nytimes.com
Developing countries around the world are increasingly turning to natural gas as their alternative transportation fuel of choice. But official embrace in industrialized nations has waned. After ten years of double digit growth more than 10 million vehicles worldwide are powered by natural gas.Pakistan is the global leader with more than 2 million vehicles. Argentina is in second place with1.75 million. Iran, with the world's second largest gas reserves has 1.5 million.
Halliburton to coax more oil out of largely depleted Ghawar field
November 7, 2009
Crude Oil Inventories Swell to Obscene Levels
September 23, 2009
Burgan, fabled Kuwait oil field in irreversible decline with high water cut
September 22, 2009
Is The Rare Earth Supply Crisis Due to Peak Production Capability or Capacity
September 6, 2009
$220/bbl oil someday, but not just around the corner. Game is changing fast
September 6, 2009