GLG News by Dr. Hans Linhardt, President
GLG News is now G+ Insights
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G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.
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DOE moves from Coal Gasification to Coal Oxy-Combustion
August 9, 2010
DOE Funds New FutureGen Project | www.chemweek.com
DOE decided to cancel funding for coal gasification and instead stimulus fund with $1 billion a coal oxy-combustion process for retrofitting a 200 MW coal power plant in Meredosia, Illinois and construct a CO2 storage facility in Matton with pipeline connections to the power plant. L'Air Liquid is supplying the oxygen plant and Babcock and Wilcocx retrofits the coal combustion boiler.
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Harry Blinked and T. Boone Smiles
August 3, 2010
The Death of Cap and Tax | online.wsj.com
Senate Majority Leader Harry Reid finally understood the negative economics of cap and trade (cap and tax) and shelved the President Obama initiated energy bill with cap and trade provisions in lieu of a new energy bill with a $5.8 billion subsidy for natural gas vehicles.
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Modular 125 MW U.S. Nuclear Reactor gets Traction
July 14, 2010
Bechtel to Back Small Nuclear Plants | online.wsj.com
Bechtel, the world's most experienced and recognized nuclear power plant contractor will partner according to WSJ with Babcock & Wilcox to bring 125 MW modular nuclear reactors to the market in a very short time.
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BG and Santos have to reconsider their CSG to LNG projects in Queensland
July 13, 2010
Coal seam gas projects face delay | www.smh.com.au
BG and Santos have diligently worked for over two years on their Coal Seam Gas ("CSG") to LNG projects to export LNG from Gladstone and Curtis Island terminals. However, after submission of over 15,000 pages of environmental impact reports by both parties the present political climate before the fall election has stopped the project and Environmental Protection Minister, Peter Garrett asked BG and Santos to resubmit their environmental impact studies, being supposedly deficient in options for the utility infrastructure requirements.
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BP Shares Become Attractive for Play by Libya
July 7, 2010
Libya Oil Chief Sees Value as BP Shares Rise | online.wsj.com
WSJ reported today that Libya shows interest in acquiring shares in BP as their share price is now lower by half since the Gulf Coast disaster.
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Alaskan Oil Challenged by Russian ESPO
July 6, 2010
Russia-To-Asia Pipeline Takes Detour to U.S. | online.wsj.com
The Russian Eastern Siberia- Pacific Ocean pipeline project ("ESPO") is now delivering medium-heavy sweet crude ("ESPO Blend") from their Pacific Kozmino Bay terminal to the U.S. West Coast. Refineries from the Puget Sound to Los Angles can keep the gasoline prices down with this new source of attractive priced and good quality crude.
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Pipeline from Canada to Gulf Coast more Realistic
July 3, 2010
Smaller Oil Firms Might Exit Gulf, Browner Says | online.wsj.com
While Carol Browner admits smaller oil firms will be forced to exit drilling in the Gulf in response to her push for a drilling moratorium and removal of the cap on oil spill situations, independence of foreign oil can never be achieved by the agenda of the energy czar of the Obama administration.
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July 3, 2010
Sulfur has been banned as one of the worst pollutants by the EPA from transportation, power, refinery and gas processing plants. Of course, nobody within the EPA knows agriculture and the basic needs of soil to control acidity via sulfur compounds.
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Sunoco should merge with Petroplus
June 24, 2010
Sunoco continues to restructure, sees profit | www.ogj.com
O&GJ reports on the restructuring of Sunoco under the leadership of Lynn L. Elsenhans, formerly with Shell. With divestment of low complexity refineries and and metallurgical coke units Elsenhans predicts profit ending June 30, 2010.
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Gulf Oil Spill - Not a Crisis but New Opportunties
June 14, 2010
We hear every day the dismal economical and political results of the Gulf oil spill by BP. It is time to view the event as an opportunity for new oil independence and business solutions for clean-up when oil is a $75/bbl..
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Cheniere Energy, Inc. gambles on LNG export
June 12, 2010
Cheniere taps Bechtel for liquefaction at Sabine Pass LNG | www.ogj.com
Cheniere Energy, Inc. and Partners announced, as reported by O&G Journal of June 10, 2010 to have selected Bechtel to design and construct an LNG liquefaction plant for export from the Sabine Pass terminal in the amount to about 2 bcfd.
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Arthur Laffer predicts 2011 Economic Collapse
June 9, 2010
Tax Hikes and the 2011 Economic Collapse | online.wsj.com
Arthur Laffer wrote a challenging opinion piece in the WSJ of June 7, 2010. He predicts economic collapse when Obama's tax hikes become effective in 2011.
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Delaware Refinery went for 4 Cents on the Dollar
June 7, 2010
PBF to restart Delaware refinery in 2011 | www.ogj.com
OGJ reported PBF Energy Co. LLC to restart the Delaware refinery in the first half of next year. The 190,000 b/d refinery and associated pipeline and terminal assets were sold by Valero Energy Corp. for $ 200 million.
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June 4, 2010
WSJ reported today on page B4 that the TNK-BP venture operating unit in charge of the huge Kovykta gas condensate project (two trillion cum of gas reserves in Siberia) has filed for bankruptcy while trying to sell the license for the field to Gazprom.
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Wind Power Learning Fundamentals
May 27, 2010
Siemens and GE have discovered to use direct drive wind turbines for large power plants above 2 MW, particular for off-shore installations.
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New Truck Mileage Laws will Push Engine and Fuel Prices
May 24, 2010
President Barack Obama signed a well intended new truck mileage directive that will certainly push engine and fuel prices.
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Time for The Navy to Stop Oil Leak in the Gulf
May 15, 2010
Associated Press | hosted.ap.org
BP is trying all kind of unproven error and trial approaches to stop the oil spill in the Gulf. It is time our Navy moves in and stops the leak.
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BP - Lack of Tight QC over Subcontractors
May 12, 2010
Associated Press | hosted.ap.org
The Senate hearings revealed lack of QC management by BP over their subcontractors Transocean and Halliburton. Everything went wrong that should have prevented the "kick" form the high pressure gas bubble leading to the rig explosion and resulting oil spill.
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May 9, 2010
Associated Press | hosted.ap.org
Now that the big box failed, BP needs help from all oil & gas companies to contain the Gulf spill.
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Hydro Power ahead of Off-Shore Wind Farms
May 3, 2010
We all have read and heard over the last couple of month, and especially the last couple of days flooding of Tennessee and the North East. Hydro Dams and Power deserves priority over any off-shore wind ventures.
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