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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BP is a Colossus with Clay Feet
May 3, 2010
BP's Worsening Spill Crisis Undermines CEO's Reforms | online.wsj.com
All the efforts of BP CEO Tony Hayward to instill a new strict safety and controlled risk culture in his global organization are dwarfed by the disaster of the Mocando blow-out, spewing crude of 5,000 to 10,000 barrels per day into the Gulf of Mexico close to the U.S. shores. The fault are the clay feet of the colossus on which Sir John Brown built BP.
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Black Sea LNG is complementary to Nabucco
April 17, 2010
Black Sea LNG accord could 'torpedo' Nabucco gas line | www.ogj.com
While Eric Watkins of OGJ opines that the new MOU between Azeri LNG of Georgia and Rumania will torpedo the Nabucco gas line by earlier delivery of gas piped across the Caucasus to Georgia's Black Sea LNG liquefaction plant at the port of Kulevi and shipped by LNG tankers across the Black Sea to Rumania's regasification terminal in the port of Constanta and from there delivered to the EU by exiting pipeline connections, the amount of about 0.7 bcfd of natural gas is just a drop in the bucket for the EU import demand projected with about 50 bcfd by 2020.
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Earth is in Charge of Climate and not EPA
April 16, 2010
A Natural Event, With Extreme Consequences | online.wsj.com
Gautam Naik of WSJ explained today on page A10 that natural events like the eruption of the volcano on Iceland can have large consequences such as cooling of our planet.
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GTL for Shale Gas and later for CTL
April 16, 2010
Clean-Fuels Refinery Rises in Desert | online.wsj.com
Guy Chazan reports today in WSJ, page B8 that Royal Dutch Shell PLC ("Shell") together with Qatar Petroleum are fine tuning the largest integrated gas to clean liquid fuels (GTL) plant in the world, located in the desert of Qatar and known as Pearl GTL. The plant is scheduled to start up next year and will together with the Qatar IV LNG project substantially increase Shell's cash flow.
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Transportation depends on Oil and OPEC has to be checked by U.S. Resolve
April 15, 2010
How to End America's Addiction to Oil | online.wsj.com
R. James Woolsey,ormer Director of the Central Intelligence Agency made a very strong point in todays WSJ to have America's addiction to oil cured by advanced combustion engine technology, LNG utilization for fleet vehicles and and interstate trucking, development of compatible fuel additives derived from waste and algae and electrification of transportation.
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Energy Independence is Uneconomical and Unrealistic
April 13, 2010
Isabel Ordonez and Edward Welsch of WSJ reported today on page B1 that China Petroleum & Chemical Corp. ("CPCC") acquired ConocoPhillip's 9.03% stake in Canada's Syncrude Ltd. in order to increase China's global oil and gas serves.
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Industrial Gases in Play for Consolidation
April 10, 2010
Air Products opened the consolidation play by trying to acquire Air Gas, the leading U.S. packaged gas company. AirGas board rejected the friendly offer of Air Products and now Air Products is on the war path to acquire Air Gas in order to move up from number two to number one in the North American industrial sector.
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O'Malley pockets the Delaware refinery
April 9, 2010
The two WSJ articles of today "Governor Stays Closure of Delaware Refinery" (B1) and "Refinery Investor Seeks a Hat Trick" (B6) exhibit the extraordinary vision, negotiation patience and skills of the smartest refinery investor, Mr.Thomas O'Malley, CEO of Petroplus and PBF Energy Partners L.P. He just bought back from Valero Energy Corp. the Delaware refinery for $200 million.
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Natural Gas and Nuclear Power have to be Part of RES
April 5, 2010
According to Hydrocarbon Processing "Developers of renewable energy projects in the US are against the idea of expanding the renewable energy standard (RES) in Congressional energy legislation to benefit natural gas and nuclear energy, saying it risks sinking the whole concept. Environment & Energy Daily (www.eenews.net) reports that the natural gas industry wants lawmakers to expand the RES to a "clean energy standard" that would allow utilities to count the emissions they eliminate by using gas instead of coal. Burning gas emits about half the greenhouse gases as burning coal. Some versions of the idea would also allow utilities to count emissions they reduce by using nuclear power. Environment & Energy Daily captured remarks from ConocoPhillips CEO Jim Mulva on the subject during the CERAWeek energy conference in Houston. Mr. Mulva criticized the RES as too expensive, saying, "Why not instead implement clean energy standards? Then let renewable energy, natural gas, clean coal and nuclear power compete."
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Obama OCS Drilling is Just Politics
April 1, 2010
AFP: Saudi minister applauds US oil drill plan | www.google.com
In Cancun Saudi Oil Minister Ali al-Nuaimi praised President Barack Obama's plan to open up OCS areas in the Atlantic Ocean from Delaware to mid-Florida and certain deep-water areas in the eastern Gulf of Mexico.
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IOCs can control oil price with speedy redevelopment of Iraq's oil resources
March 31, 2010
BP Begins Big Push to Revive Iraq's Oil | online.wsj.com
Russell Gold reported today on page A1 of the WSJ that BP decided with investment to push for revival of Iraq's oil. Of course, all IOCs are in the game to control global oil prices by revival of proven Iraq crude resources.
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Shell gets great reception in China
March 24, 2010
Shai Oster reported today in WSJ (B2) that China National Petroleum is ready to jointly develop with Shell unconventional sources of natural gas in China, thereby copying the advanced technologies for unconventional gas developments in the U.S.
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March 23, 2010
Chamberlain has not in history been recognized for his great social programs but has gone down in history as the great appeaser of Munich. Well, will Obama go down as the great appeaser of Iran?
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March 23, 2010
Apple - Start | www.apple.com
Reuters recently reported about the oil storage tank expansion of First Reserve on the Island of the Grand Bahamas (26 Feb 10).
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March 23, 2010
Alaska joins suit, Ohio governor cites concern over EPA GHG effort | www.ogj.com
Nick Snow reports in the Wall Street Journal issue of March 22 that Alaska governor Sean Parnell joins suit of fifteen and more states to restrain the power grab of the EPA to legislate and control the permits of all carbon emitting moving and stationary sources.
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March 22, 2010
Shell Unveils Oil Discovery in Gulf of Mexico | online.wsj.com
Guy Chazan reported recently in the Wall Street Journal that Royal Dutch Shell PLC ("Shell") has just discovered over 100 million barrels of crude in the Gulf of Mexico, 25,000 feet below the seabed. The find has been made together with Shell's partner Nexen Inc. of Canada at the Appomattox prospect in the Mississippi Canyon.
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GDF Suez plays global NG field
March 22, 2010
GDF Suez to acquire 9% of Nord Stream pipeline | www.ogj.com
Doris Leblond of Oil & Gas Journal today reports that GDF Suez SA is in the process to acquire 9% in the Nord Stream AG, responsible for the Nord Stream gas supply of Gazprom to the EU.
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March 19, 2010
Coal Giant Consol Is Latest to Buy Gas | online.wsj.com
Kris Maher and Ben Classelman reported in WSJ 16-March, Page B1 that coal giant Consol Energy Inc. acquired Dominion Resources Inc.'s natural gas business for about $3.5 billion. Consol is the fourth largest U.S coal producer.
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Helium too Valuable to let Congress control Prices - Let the Global Market Work
February 27, 2010
Worries Balloon Over Helium Reserve | online.wsj.com
The US considered before world war II Helium to be a strategic commodity not to be sold to any foe such as Germany. The Hindenburg disaster was one result on US territory. During the cold war helium became even more important for advanced defense systemsHelium was stored - and is still stored - in the Bush Dome (nonpresidential) - in Texas. Now the government wants to get out of the helium business and shut down the helium storage facility. What a disaster for the leading helium producer in the world.
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Renewable Subsidies Destroy Refinery Margins
February 3, 2010
Depressed Refining Margins Hit BP | online.wsj.com
WSJ article by Guy Chazan and James Herron summarize the loss of downstream margins by all of our major oil & gas companies, including and highlighting BP. Now the margin - difference between sales price of end product and barrel of crude - is down to 4 cents/gallon of gasoline being sold.
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