GLG News by Oil and Gas Pipeline Experts

George DorkhomExecutive ChairmanGREENKOTE PLC

Vestas is a Pioneer, so why is the company falling behind

August 25, 2010

Analysis of:Wind turbine maker Vestas sees profits fall | www.bbc.co.uk

Vestas is a Pioneer in the Wind power and yet it experienced a loss in 2010 and a declining revenue of some 17% annually year over year , while the overall industry trends experience some 23% growth year over year. Was this truly a result of delays in projects and project financing or is Vestas losing it it leading market position and has problems in execution?

Jose ZadezenskyPresident/CEOVentraco Corporation, Inc.

U.S. Rank in O & G Investment Will keep Dropping

August 15, 2010

Analysis of:U.S. Ranks Lower as Home Base for O&G Investment | www.rigzone.com

1. Due to U. S. regulations that do not apply to foreign competitors, such as no commisions/kickbacks.2. Good old boy network in developing countries favoring " local or regional" companies.that can provide favors, perks, and return favors.3. Resentments, and anti american feelings for diverse reasons.4. Lack of unified, and concerted effort to maintain proper image of American companies, and America.5. Higher tax burdens on American companies, coupled with higher salaries

Jose ZadezenskyPresident/CEOVentraco Corporation, Inc.

U.S. Rank in O & G Investment Will keep Dropping

August 15, 2010

Analysis of:U.S. Ranks Lower as Home Base for O&G Investment | www.rigzone.com

1. Due to U. S. regulations that do not apply to foreign competitors, such as no commisions/kickbacks.2. Good old boy network in developing countries favoring " local or regional" companies.that can provide favors, perks, and return favors.3. Resentments, and anti american feelings for diverse reasons.4. Lack of unified, and concerted effort to maintain proper image of American companies, and America.5. Higher tax burdens on American companies, coupled with higher salaries

Sam TimpanoPresidentSam Timpano & Associates

More window dressing

July 30, 2010

Analysis of:Oil Majors Develop $1B Rapid Response System | www.rigzone.com

As has been learned from the Deepwater Horizon spill, the complexities that exist in these deepwater wells and the potential for repeats of this kind of spill will challenge all parts of the oil supply equation, all the way to costs to contain and clean up spills..

David TkachukFounder and President PROCONSULT International Inc.

IEA reports China has surpassed the USA as top energy consumer

July 20, 2010

The International Energy Agency (IEA), an oil & gas industry icon and energy advisor to many of the world's key countries, reports that China has indeed become the world's largest energy consumer, well ahead of expectations. China has been quick to deny this. While controversy swirls on this monumental change in world order other statistics maintain the status quo.

Sam TimpanoPresidentSam Timpano & Associates

No Surprise Here

July 9, 2010

Analysis of:BP Invoices Anadarko and Mitsui for Gulf Cleanup | www.petroleumafrica.com

This action by BP should not come as much of a surprise to anyone. It is reasonable to assume that while BP carries the front page burden of this spill, actions of this nature should be expected. They are reasonable and within the legal and financial boundaries of corporate contracts.Once the spill is contained, it is also reasonable to find that years of legal actions between all parties involved in the rig and this particular well will be taken and pursued.

Fred AminzadehPresident and Chief Executive OfficerFACT Inc

Another Blackbeard/Davey Jones in the Making?

May 23, 2010

Analysis of:Unlocking Grand Bay's deep treasures: gulf shelf potential at 17,000-28,000 ft | www.ogj.com

A recent Oil and Gas Journal article (April 12, 2010) discusses Grand Bay field in the Mississippi Delta, as another example of a potential new discovery in deep shelf gulf. Ultra-deep shelf plays target reservoirs below the salt weld with sizes up to 1 Tcfe at over 20,000 ft. Interest in deep shelf plays in the Gulf of Mexico has been spurred by McMoRan's recent Davy Jones discovery. These deep prospects have shorter lead times to first production and lower development costs.

Michele AcerraIndependent ConsultantMichele Acerra

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.

George DorkhomExecutive ChairmanGREENKOTE PLC

EADS posts a loss and cancels its dividend

March 10, 2010

In August 2009, I have contributed an analysis and predicted that EADS is in for hard time in the next couple of years and here it is, the Euro 1.5B net profit in 2008 was turned into a net loss of Euro 763M and the cancellation of dividend, an extreme measure for a European /government owned company. The worse is yet to come as the company speeds ups production and invades its backlog.

George DorkhomExecutive ChairmanGREENKOTE PLC

Arrow Trucking --follow ups thoughts on its real troubles

March 8, 2010

I wrote my analysis in January commenting on a company that did violated a Federal law of plant closure and the obligation of its Directors and Officers to exercise prudence in care and loyalty ot the various stakeholder,but as the regulators state now, this is a Chapter 7 filing without a precedent where the company assets and Liabilities are unknown, & no officers appeared in court or offered any explanation and where the secured lenders were defrauded..its sounds more than chapter 7.

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