GLG News by Oil and Gas Pipeline Experts

George DorkhomExecutive ChairmanGREENKOTE PLC

Outsourcing is the trend ..do not cry wolf

September 8, 2009

Analysis of:Defense industry pleads for investment | www.ft.com

To my best of my knowledge the UK defense spending in 2010 is projected to be up by a few percentage points and so as the EU and Nato..so what is the fuss all about..outsourcing? then they have to cry endlessly as this has been the trend for a long time in the world of the defense industry,but perhaps a novelty in Britain.

George DorkhomExecutive ChairmanGREENKOTE PLC

Konecranes actions are a must rather than a strategy

September 6, 2009

Analysis of:Konecranes Starts Statutory Negotiations in Headquarter Functions in Hyvinkää | www.konecranes.com

KoneCranes has experienced a 40-50% decline in orders year over year and a restructuring plans in not only warranted but a must. The demand for cranes both in the industrial as well as construction and on/off-shore has declined so rapidly that unless drastic actions are taken companies as Kone and others including Demag and Terex are at risk for survival.

George DorkhomExecutive ChairmanGREENKOTE PLC

No Moral Comparison / EU handouts to Airbus and Boeing business with Uncle Sam

August 31, 2009

Analysis of:WTO to rule next week on Airbus funding dispute | www.google.com

To state that a hand to Airbus from Germany , France and Britain is the moral equivalent to legitimate services rendered by Boeing to the US government is none sense . The Europeans must learn how to do business and compete in the real world and subsidies is immoral and anti-competitive. The European and EU Government complain about China and other Asian dumping laws yet they practice the same.

George DorkhomExecutive ChairmanGREENKOTE PLC

EADS is in turbulent times

August 26, 2009

Analysis of:EADS second-quarter profit up 76%; Airbus targets 300 gross orders | atwonline.com

EADS business which is almost 90% commercial aircraft dependant will experience hard times as it is currently in the eye of the Hurricane without visibility for future orders or cancellation of current orders .

Fred AminzadehPresident and Chief Executive OfficerFACT Inc

Seismic While Drilling is Emerging as a Practical Tool to Reduce Drilling Cost

August 17, 2009

Analysis of:Seismic-while-drilling technology advance hailed | www.ogj.com

Nick Snow, Washington Editor of the Oil and Gas Journal reports of a breakthrough in practical implementation of the seismic while drilling technology. Technology International Inc. of Kingwood, Tex., has developed a breakthrough borehole imaging system that is nearly commercial, according to the DOE. SeismicPulser system provides more accurate geosteering for oil and gas discoveries, facilitating field development and improving well economics.

George DorkhomExecutive ChairmanGREENKOTE PLC

Ingersoll Rand CEO Talks the company share prices up

August 4, 2009

Analysis of:Ingersoll-Rand sees signs recession is almost over | www.marketwatch.com

It is surprising for a leader of such a resprected company to talk the stock prices up based on insignificant statistis while the company sales and orders are down by some 20%

Fred AminzadehPresident and Chief Executive OfficerFACT Inc

Seismic technology contributed to successful sub-salt drilling in the GOM

July 28, 2009

Analysis of:BP Heralds Gulf of Mexico Prospects | online.wsj.com

Oil and Gas Journal reported a successful appraisal well drilling by BP PLC. This well was drilled in a previously untested southern segment of Mad Dog field in the Gulf of Mexico. The 826-5 well was drilled on Green Canyon Block 826 about 100 miles south of Grand Isle, La. The well found 280 net ft of hydrocarbons in the objective Miocene hydrocarbon-bearing sands. In 2008, BP drilled the A-7 well in the western part of the field, with 275 ft of net pay.

Fred AminzadehPresident and Chief Executive OfficerFACT Inc

Largest discovery in California in 34 years

July 24, 2009

Analysis of:Oxy adds California gas-condensate giant | www.pennenergy.com

HOUSTON, July 23 -- Occidental Petroleum Corp. has drilled six wells in an apparent giant gas-condensate field in California’s San Joaquin basin that has an estimated 150-250 million boe recoverable. The discovery identified a new play concept that Oxy officials compared with an offshore deepwater structure. They said the concept is prospective underneath Oxy’s giant Elk Hills field southwest of Bakersfield and indicated it may be exploitable by other operators in the basin.

Sam TimpanoPresidentSam Timpano & Associates

A Birthday Still Worth Celebrating

July 5, 2009

Analysis of:Envoy Prepares to Visit Honduras | www.nytimes.com

Recent events in Iran and again in Honduras demonstrate the drift in American foreign policy and contributes to global confusion on what America stands for these days. These are just some private thoughts to share with all. Enjoy the 4th!

Sam TimpanoPresidentSam Timpano & Associates

Nice "touchy feely" and "green politics" no real meat

July 1, 2009

Analysis of:CSX Announces Commitment to Cut CO2 Emissions by Eight Percent | jacksonville.bizjournals.com

As we proceed along the path of everything green and while these efforts are press worthy and of corporate value these days, perception has to finally one day match science and reality.

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