Mr. Michele Acerra
Independent Consultant, Michele Acerra
Member of the Natural Resources Council
Council Member Biography
Michele Acerra is an independent consultant with Engineering & Construction (E&C), environmental, refinery, petrochemical, and power expertise. Mr. Acerra has more than 35 years of experience in the E&C Industry with Foster Wheeler (FWLT) where he held a number of executive positions in E&C, environmental, and manufacturing subsidiaries in Europe and USA including the position of CEO of FW USA Corporation. For 25 years, he held P&L responsibilities achieving impressive growth and profitability results. Mr. Acerra has direct experience of all aspects of E&C of refineries, gas plants, and power generation plants, of environmental remediation, as well as manufacturing and metal fabrication. He has international experience in sales and marketing of products and services and hands-on experience in business-turnaround, restructuring, LSTK contracting, business due diligence, contract-auditing, and cost/schedule claims preparation. He has served as Expert Witness in patent litigations, and is currently a member of Corning’s Technical Advisory Board of Micro-Reactors Technologies. (This is me - Update Profile)
Employment History
- 2007 - Unspecified
- Independent Consultant, Michele Acerra
- 1994 - 1999
- Vice President, Foster Wheeler Power Systems, FOSTER WHEELER USA CORPORATION
- 1989 - 1994
- Vice President & Group Executive, FOSTER WHEELER LTD.
- 1986 - 1989
- President and Chief Executive Officer, FOSTER WHEELER USA CORPORATION
- 1978 - 1986
- President and Chief Operating Officer, KOCH-GLITSCH, LP
- 1974 - 1978
- President and Chief Executive Officer, KOCH GLITSCH ITALIA SRL
- 1964 - 1974
- Project Director, FOSTER WHEELER ITALIANA SRL
GLG NewsSM Analyses by Michele Acerra
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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Conoco Phillips withdrawal from Yambu project sends a serious industry signal.
May 4, 2010
An interesting article on 4/29/10 MEED by Peter Salisbury "A false dawn for the downstream petrochemical industry".Conoco Phillips withdrawal from the $10+ Billion project, is a sure signal that the medium-term future of refining and petrochemical markets is not rosy. It is as well a confirmation that the company is still recovering from the 2006 outlay of $35.6 B to acquire Burlington Resources.
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Oil is cheap at $78 a barrel and we should increase gas usage for cars.
October 19, 2009
Oil Tops $78 to Year High on Inventory Drop, Weak Dollar | www.cnbc.com
There are two main drivers of last week's temporary record: the value of the US dollar, which makes every commodity more expensive and the ever increasing US consumption of gasoline and distillates. The guzzlers on US roads are increasing, and powering vehicles with natural gas is not pursued vigorously enough. The "Peak Oil Theory" is no longer a theory and finding oil will continue to be more and more difficult and expensive.
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Do the Goldman Sachs Wizards Know Something?
September 30, 2009
SEPTEMBER 25, 2009, 12:08 P.M. ET.Goldman Lifts View On Refining, Upgrades Oil Cos | online.wsj.com
Goldman Sachs raised their refining view to neutral from cautious on a better demand outlook. Goldman analysts said in a note to clients: "We increasingly believe we are moving through the trough of the refining cycle."This position is very difficult to understand in view of the current glut of crude and of gasoline and refined products announced by the EIA.
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Refinery project postponements, cancellations and a long-term energy strategy.
March 20, 2009
Poor market delays completion of refinery expansion | www.chron.com
Motiva will delay by more than a year the date for completing a $7 billion expansion of its Port Arthur refinery, becoming the latest U.S. refiner to postpone a project amid bleak market conditions. Valero, ConocoPhillips and Marathon Oil, have also announced delays and suspensions of refinery upgrade projects. This is not only a domestic phenomenon: Oman has placed on hold their Duqm refinery and petrochemical complex, and Saudi Aramco has delayed the Jubail and Yambu refineries and the Swedish refiner Preem AB announced today that is holding its coker project at Lysekil. Is it all doom and gloom? Not really. In the oil & gas and refining industries management should have a long term vision and many projects are going forward pursuing long-term strategies. It is meaningful that, on the same day of the announcement of the Port Arthur refinery project, Shell announced $31 billion 2009 investments.
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January 29, 2009
Siemens aims to sell Areva nuclear stake: report | www.reuters.com
The interest of Alstom in a deal with Areva is sponsored by President Nicolas Sarkozy who is interested in a strong French nuclear axis possibly including the construction company Bouygues - Alstom - Areva. Will it happen? Will Anne Loauvergeon be able to keep Areva indepenedent? Will Siemens and Atomenergoprom form a JV? Which effect any new line-up, and in particular a possible Areva – Alstom – Bouygues alliance, will have on SGT, the joint venture between Areva and the URS Corporation’s Washington Division. It is important to follow the impact of the Siemens - Areva divorce on the US and global nuclear "renaissance".
GLG Study Groups with Michele Acerra(?)
| Study Group Name | No. Members |
|---|---|
| Business Process Outsourcing Experts | 1765 |
| Steel Experts | 526 |
| LNG Experts | 216 |
| Oil and Gas Pipeline Experts | 178 |
| Construction Equipment Experts (US) | 171 |
GLG Live Meetings with Michele Acerra(?)
Michele Acerra has not participated in any GLG Live Meetings.
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