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Colin Bennett

Biofuels, not wind and solar power are Shell's energy future - 0 views

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    Shell will no longer invest in renewable technologies such as wind, solar and hydro power because they are not economic, the Anglo-Dutch oil company said today. It plans to invest more in biofuels which environmental groups blame for driving up food prices and deforestation
Ruth Chapman

LS Cable to acquire Superior Essex - 0 views

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    Prysmian Cables & Systems has announced the signing of a four year frame agreement to design and supply flexible pipes for offshore oil and gas extraction with Petrobras of Brazil. Prysmian said it is to invest around $110 million constructing a new plant in Brazil and that the deal with Petrobras represented a major step forward in the company's operations in the oil, Gas and Petrochemical services industry. Prysmian also announced the acquisition of the German cables manufacturer Facab-Lynen. Facab-Lynen generated sales of €62 million ($96 million) in 2007 and Prysmian said the acquisition will enable the company to further increase its production capacity and develop its market position in the special cables market, particularly in the fast growing renewable energy sector.
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    Deal worth $900 million
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    LS Cable and Superior Essex have announced the signing of a definitive agreement for LS Cable to acquire Superior Essex. The board of directors for both companies approved the agreement under which Superior Essex share holders will receive $45 per share making the deal worth $900 million. The acquisition, once complete will create the world's third largest wire and cable manufacturing company with Superior Essex continuing to operate under its current name as a wholly owned subsidiary of LS Cable. Nexans and Prysmian are the world's first and second ranked cable makers. LS Cable has a strong presence in the power and communications cable sector and in the Asian and Middle Eastern markets. Superior Essex is the world's largest magnet wire producer and leads in the North American communications market as well as having operations in North America, Europe and China.
Sergio Ferreira

Another Peek at the Plateau - 0 views

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    Oil at $150 a barrel by 2010... or maybe earlier - will it curve demand? likely not...
xxx xxx

Verenium Goes In with BP for $90 Million - 0 views

shared by xxx xxx on 11 Aug 08 - Cached
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    BP has a lot of money, and they want to focus a big chunk into cellulosic ethanol. So, they're partnering up with Verenium and giving the company $90 million over the next year and a half in order to gain some of Verenium's technology and hopefully speed up commercialization of cellulosic ethanol. Looking towards sugar cane, miscanthus, and energy cane, they're hoping to scale up biofuel's availability from these and other sources. The $90m will go towards helping put up low-cost production facilities across the US, and will give BP licenses to intellectual property of Verenium. BP's president Sue Ellerbusch said that this partnership positions BP as having the best technology in cellulosic ethanol production and makes them leaders in the area. Not surprising since they're forming other partnerships that help them corner the biofuel industry, including partnerships with DuPont, Tropica BioEnergia and D1 Oils. BP's fuel sales during 2007 accounted for 10% of the global biofuels market. So they're serious about making sure that biofuels become more easily available.
Sergio Ferreira

IEA warns of 'runaway' energy thirst as oil prices soar - 0 views

  • China and India's growth is a "legitimate aspiration that needs to be accommodated and supported by the rest of the world"
Colin Bennett

BBC NEWS | Business | Storm fears hold oil prices high - 0 views

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    worsening weather pushing up the price of oil!
Panos Kotseras

France - Nexans launches cable for extremely low temperatures - 0 views

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    Nexans has introduced a full range cable qualified for projects in places with extremely low temperatures such as the Arctic. The new product is called ICEFLEX and it features advanced flexibility, something that cables with conventional insulation fail to achieve. It is a halogen-free marine and offshore cable that remains flexible in temperatures of -50 C. Considering the growing number of oil and gas projects in the Artic, the new cable has good sales prospects.
Colin Bennett

'Greenwash' hype fails to sway sceptical consumers - 0 views

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    Consumers attach little credibility to companies' environmental and social marketing messages, a study has found, in spite of the millions spent on "greening" the image of carmakers, oil companies and other industries. The study of 20,000 people in 10 countries, released yesterday by Havas Media, showed half of them are willing to pay a 10 per cent premium for sustainably produced goods and services in spite of the pressures of the economic crisis.
Glycon Garcia

EERE News: DOE Offers $2.4 Billion to Support Next-Generation Electric Vehicles - 0 views

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    DOE Offers $2.4 Billion to Support Next-Generation Electric Vehicles President Barack Obama announced on March 19 that DOE is offering up to $2.4 billion in American Recovery and Reinvestment Act funds to support next-generation plug-in hybrid electric vehicles and their advanced battery components. Of the $2.4 billion, $1.5 billion in grants will go to U.S. manufacturers to produce high-efficiency batteries and their components; $500 million in grants will go to U.S. manufacturers to produce other components needed for electric vehicles, such as electric motors; and $400 million will go towards projects that demonstrate and evaluate plug-in hybrids and other electric infrastructure concepts. When these plug-in hybrid vehicles are offered for sale, U.S. residents who purchase them will be able to claim a tax credit of up to $7,500. Building a plug-in hybrid vehicle industry in the United States will create tens of thousands of jobs and will reduce our nation's dependence on foreign oil.
Glycon Garcia

Obama Plans More Than $200 Billion in Clean-Energy Spending - washingtonpost.com - 0 views

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    President Obama yesterday outlined plans to spend about $59 billion in economic stimulus funds and $150 billion from the federal budget to promote what he calls America's "clean-energy future." "We will attack the problems that have held us back for too long," including dependence on foreign oil, Obama told a gathering of clean-energy entrepreneurs and leading researchers at the Eisenhower Executive Office Building
Susanna Keung

USA - Brush Engineered Materials Q2 sales declined 29% year on year - 0 views

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    Ohio-based supplier of specialty copper alloy products Brush Engineered Materials Inc. reported second quarter results. Q2 2009 sales were US$174.1 million, 29% lower than the same period a year ago but an improvement of 29% from the first quarter this year. Net loss was US$0.8 million versus net income of US$7.2 million in Q2 2008. The Specialty Engineered Alloys segment reported Q2 sales of US$41.2 million, compared to sales of US$83.0 million the same period in 2008. Operating loss for Q2 was US$9.3 million compared to an operating profit of US$4.8 million a year ago. The decline in segment sales was primarily due to the effect of the severe global recession in key markets including telecommunications, computer, automotive electronics, oil and gas, aerospace and heavy equipment. A portion of the decline was due to lower metal prices. The company is foreseeing an improving order book and is expecting to generate a slight profit in Q3 this year with higher sales volume and positive impact from its cost-reduction activities.
Colin Bennett

IEA report to the G8 - 0 views

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    IEA's dire warning on green stimulus and renewables Kate Mackenzie, Financial Times The IEA's report for G8 energy ministers, to be presented this Sunday in Rome, has generated a few stories. Some picked up on the oil supply squeeze that awaits the world due to massive cuts in production investment. I wrote yesterday that the IEA forecasts that, for the first time since World War II, world electricity consumption will decline in 2009. IEA chief economist Fatih Birol said he personally thought the electricity forecast was the most striking finding of the report. However he was also keen to highlight concern about green spending in the G20 stimulus packages: The agency will also tell ministers that its calculation of the stimulus spending required from G20 nations on renewable energy was inadequate and should rise by a factor of six if greenhouse gas emissions targets set by the United Nations were to be met... (22 May 2008)
Colin Bennett

Corrosion Solutions Conference - Engineer Live, For Engineers, By Engineers - 0 views

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    At the 7th International Corrosion Solutions Conference (CSC09), 21st to 23rd September, 2009 in Park City, Utah, USA, metallurgists, fabricators, chemical and materials engineers will discuss topics ranging from alloy development and plant engineering to fabrication, failure analysis, and much more. Conference sessions are tailored to chemical processing, oil and gas, material selection, fabrication advances, and other challenging processing environments. The following abstract provides a glimpse of the papers being presented at this year's event
Colin Bennett

Sun sets on BP's solar hopes - 0 views

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    Solar power will not be able to compete with conventional energy until there is a breakthrough in the technology, BP's chief executive has said, in a further sign of the company's move away from renewables towards oil and gas. BP has invested hundreds of millions of dollars in making solar cells and components, but in the past six months it has been closing factories around the world, and announced a sharp cut in its investment in alternative energies, such as solar, from $1.4bn last year to $1bn (£658m) this year. Tony Hayward, chief executive, yesterday told a conference in California: "I think solar is probably the most challenged of all of BP's alternative energy interests." He added: "It is not going to make the transition to be competitive with more conventional power, the gap is too big."
Panos Kotseras

Italy - Prysmian Q1 sales down by 11.5% y-o-y - 0 views

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    Prysmian SpA, the Italian cable maker, has announced consolidated sales results for Q1 2009. Sales amounted to EURO 926 million, a decrease of 11.5% compared with the same period in 2008. Net profit was EURO 91 million, down by 11.1% y-o-y. The company attributed this decline to the economic downturn, already evident in Q4 2008. In response to this, Prysmian is focusing on higher value-added activities and high-tech market segments. The company said that it managed to achieve satisfactory profits supported by the growth of sales in the sectors of high voltage underground and submarine cables along with industrial cables such as those for oil& gas, renewable energy and infrastructure.
Colin Bennett

Prysmian power transmission infrastructures/cables - 0 views

  • Prysmian’s product portfolio at MEE 2011 will focus on the full range of state-of-the-art power cables including HV and EHV underground and submarine cable systems for applications such as interconnections between power grids, links between natural or artificial islands and the mainland, and connections to, or between, offshore oil production and wind power generation facilities. Prysmian will also be presenting a wide range of cables and systems for the oil, Gas and Petrochemical industry – complex and integrated systems for power transmission and distribution, control and instrumentation for industrial applications - including innovative specialties such as Drylam™ and Airguard™ Cable System, cable solutions with enhanced features and reduced environmental impact, specifically designed for critical environments. To complete the available portfolio FP® fire resistant cables, Umbilicals and power distribution cable solutions will also be on display.
Colin Bennett

Types of Cables in Transmission Distribution - 0 views

  • Low-Voltage Cables "Transmission and Distribution Electrical Engineering" breaks down transmission and distribution cables into five separate categories. The most basic category is "low voltage." This includes cables used for telephone wires, as well as fire-retarded and resistant cables. These cables have the lowest maximum voltage of the four groups, ranging from 50 to 1,000 volts. Medium-Voltage Cables Medium-voltage cables --- which have a maximum capacity ranging from three to 7.2 kilovolts --- are the next class of transmission and distribution lines. These cables are typically used for solid dielectric and MI/MIND purposes. High-Voltage Cables The third class of transmission and distribution cables is high voltage. These power lines can carry a maximum voltage capacity of 10 to 150 kilovolts. While these cables can be used for the same purposes as low- and medium-voltage cables, their higher threshold makes them less cost-efficient than lower-grade wires. The main purposes of high-voltage wires include oil-filled cables, as well as gas-pressure or gas-insulated ducts. Very High-Voltage Cables Like medium- and high-voltage cables, very high-voltage lines are used for solid dielectric, oil-filled and gas-insulated ducts, but in situations where a higher maximum voltage is required. These cables have a maximum capacity of 150 to 300 kilovolts. Because of their very high-voltage capacity, these are typically transmission lines and not distribution lines.
Glycon Garcia

Mexican Wind Power Moving Ahead | Shannon Roxborough - 0 views

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    Mexico, one of the leading suppliers of oil to the United States, has increasingly embraced alternative energy in the face of dwindling crude output, infrastructure and investment. In response to energy and economic woes, President Felipe Calderón has pushed through energy reforms, pledging that Mexico will be producing a minimum of 2,500 megawatts of wind capacity by the time his term ends in 2012. So far, Mexico's progress has been impressive. In 2005, the nation only produced 3 megawatts electricity from wind. By the end of 2010, the country had 519 megawatts of installed wind power. And the future prospects look promising.
Colin Bennett

Trillions needed for World Energy Infrastructure Buildout to 2030 - 1 views

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    "Globally, Bloomberg New Energy Finance expects $7.7 trillion to be invested in new generating capacity by 2030, with 66% of that going on renewable technologies including hydro. Out of the $5.1 trillion to be spent on renewables, Asia-Pacific will account for $2.5 trillion, the Americas $816bn, Europe $967bn and the rest of the world including Middle East and Africa $818bn. Fossil fuels will retain the biggest share of power generation by 2030 at 44%, albeit down from 64% in 2013. Some 1,073GW of new coal, gas and oil capacity worldwide will be added over the next 16 years, excluding replacement plant."
Colin Bennett

Is Chinese Economy Behind the Commodities Crush? - 0 views

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    "Warburg Pincus Senior Advisor Bill Janeway and Bloomberg Intelligence's Kenneth Hoffman discusses commodities, oil and the Chinese economy on "Bloomberg Surveillance.""
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