Oil and Gas,
United Kingdom will withdraw Ambassador Iran Embassy staff,
November 30, 2011, United Kingdom Ministry of Foreign Affairs announced the withdrawal of some of Iran after diplomats, Norway subsequently closed its mission in Iran embassies. Iran now is how to deal with demonstrator’s impact United Kingdom Embassy do? This net in-line global news broadcasting Mission in Iran reporter Luo Laian, introduced United Kingdom embassy evacuation of Iran and Norway closed its mission in Iran embassies.
Reporter: United Kingdom Ministry of Foreign Affairs said in a statement, 30th, in view of a recent Iran demonstrators impact United Kingdom stationed in Iran Embassy, United Kingdom has withdrawn some of Iran diplomats. The statement said, United Kingdom Prime Minister and Minister for Foreign Affairs Mr. Hague has made it clear that, currently the primary objective is to protect the security of diplomatic personnel and their families.
Earlier in the day, there were media reports said the United Kingdom will withdraw Ambassador Iran Embassy staff, but the news has not been confirmed. United Kingdom Ministry of Foreign Affairs Office said, some for personal security for diplomatic missions to leave Iran. Iran media reports, there is a group of Iran United Kingdom diplomat arrived the same day Khomeini international airport, take a plane to Dubai.
In addition, Iran SI news agency quoted by a foreign news agency reports that Norway announced Foreign Ministry spokesman, 30th, 29th United Kingdom stationed in Iran Embassy after the impact event, Norway has Embassy in Tehran was closed on the same day. Norway Government is currently assessing the situation, has not yet been decided whether the diplomats evacuate Iran. Moderator!
Moderator: Iran demonstrators impact United Kingdom after the Embassy incident, we can see that the international community reacted strongly, United Kingdom and the United States, the United Nations Security Council strongly condemned. Chinese Foreign Ministry spokesman Hong Lei, 30th also said that China hopes Iran demonstrators impact United Kingdom Embassy events are properly handled. Currently Iran at present is how to deal with this matter?
Press Conference: Iran police force Deputy Commander of bin Laden, 30th announced that police have arrested some rushed into the United Kingdom Embassy protesters, some other person's identity is to be identified and investigation, upon completion of the investigation will be referred to the judicial treatment of perpetrators.
Introduction to bin Laden, Iran Mu Gadan, Commander of the police force on the day to the United Kingdom Embassy, and the United Kingdom Ambassador and other diplomats held talks. Mu Gadan commitment United Kingdom diplomat in Iran have guarantees of security and hope that they don't have to worry about their personal safety. United Kingdom Ambassador has thanked Iran police efforts to catch the perpetrators.
Meanwhile, Iran said at a news conference, speaker Larijani at the 30th, a small number of students: 29th impact United Kingdom Embassy, is Iran people for decades on the United Kingdom Government has done to generate antipathy cumulative result of the outbreak. He also criticized the Council passed at a public meeting in Parliament condemned Iran's statement was in a hurry. He said that Iran police have made best efforts to maintain order, through condemnation of the Council, is intended to cover the United States and Britain used to be in Iran committing crimes.
http://news.ifeng.com/world/detail_2011_11/30/11014350_0.shtml
Green tick for $25b LNG project in the Pilbara
By Matt Brann
Friday, 23/09/2011
Federal Environment Minister Tony Burke has given approval to Chevron's $25 billion Wheatstone LNG project near the Pilbara town of Onslow in Western Australia.
The approval comes with 70 conditions in a bid to protect a range of ocean species including sawfish, dugongs and marine turtles.
Mr Burke says he's certain the joint venture companies involved in the project will meet the demands.
"If anybody doesn't abide by my conditions that are put in the environmental approval, then they're breaking federal law and the consequences are pretty strict," he said.
"I'm confident that they'll abide by them for two reasons.
"One, is the fact that they are legally enforceable.
"Companies also want to do the right thing. Companies don't want to be involved in wrecking the environment."
Although 70 restrictions have been issued, Chevron's vice-chairman, George Kirkland, says it's good news.
"We welcome the Australian Government's support for the Wheatstone Project," he said.
"The federal environmental approval is an important milestone in reaching the final investment decision for the Wheatstone Project this year."
The thumbs up from the government comes ahead of a final investment decision from the project's stakeholders, which include Chevron, Apache, Kuwait Foreign Petroleum Exploration Company and Shell.
If the joint venture partners decide to go ahead with the proposed plans, the project will consist of two liquefied natural gas (LNG) trains with a combined capacity of 8.9 million tonnes a year, as well as a domestic gas plant.
It's hoped LNG production will begin by 2016.
http://www.abc.net.au/rural/news/content/201109/s3324296.htm
I consider corn ethanol to be transitional technologies.
To achieve the US renewable fuels target of 36 billion gallons in 2022 and beyond, biofuels will need to be produced largely from high yield non-food biomass sources. I also envision advanced biofuels moving Well beyond ethanol and diesel to hydrocarbon fuels: renewable crude oil, drop-in diesel, gasoline, jet Fuel and other petrochemicals. Through a combination of diverse feedstock and diverse end products,Bio-derived hydrocarbons and alcohols have the potential to replace an entire industry.
The key issues to focus on in determining a good biofuels technology are the upfront capital costs, Ongoing operating costs and environmental impact (mostly based on feedstock and location). Looking At any individual company, beyond the technology, it is additionally important to consider the proposed Business model, the tactics for “boot-up” or getting the first commercial facility going, and the Regulations and incentives in place. A company must find economic markets for its first commercial Facility, be they in fuels or specialty chemicals, to get down the learning curve and start reducing its Costs. This critical step is often difficult in an otherwise promising story. Non-oil related markets (such as Nutraceuticals for algae) are unlikely to lead to economics that work in the fuel market. In addition, in Order to avoid abuse of the terms “renewable and sustainable” to a minimum, we need to institute a Comprehensive carbon, land, air and water impact assessment metric (one I call a CLAW rating upon Which I’ve written previously) for each biofuel. Not all biofuels are good biofuels. In the current market, it can be difficult to secure capital in any sector. Therefore, biofuel companies Able to deploy a commercial, cash flow positive plant for under ~$100 million have a distinct advantage. Some companies can achieve this with greenfield plants (e.g., Kior),
I believe prices for woody biomass and agricultural waste, which are In the $50 to $65 per ton range in the US, will drop within a decade as the biomass crops, agronomy and
logistics ecosystem evolves, more competition develops and yields improve. Substantially lower prices Are available internationally. Forest waste and Currently shutdown paper mills in the US can produce enough woody material to meet our goal of 22 Billion gallons of advanced biofuels by 2022 without any material land impact. Abandoned lands alone (385 to 472 million hectares, or 950 million to 1.2 billion acres globally) could yield (at current acreage Yield averaging only 5 tons/acre) over 30 percent of world oil demands according to a recent paper Many biofuels technologies have made significant progress over the last few years; there have been Some surprises, some partnerships and some clear winners and losers. Some have failed for genuine Technology reasons, but many others for business reasons, market/investor or regulatory biases. Many Technologies are as yet unclear and some seem to be promising. There are many positive surprises to Come. However, we believe that cellulosic feedstock, regardless of the processing technology and end product, Is the likely winner at scale in the fuels market? Sugars will work in the chemicals market. I Would bet on technology where the first instantiation is somewhat competitive in at least one market (Like many of the new sugar fermentation hydrocarbon or new molecule technologies and the direct to Liquid technologies) that gives the base technology an opportunity to improve from a production Platform. I would bet against technologies like Fischer Tropic that have been optimized for a long time
And have little additional room for progress in yields or costs. Over the last few years the industry has seen a tremendous number of strategic and technical iterations Coupled with new discoveries. Novel business plans have been developed, to exploit capital-light Opportunities, as well as to branch out into high-value specialty chemicals sector. It is critical to continue Nurturing the next generation biofuel landscape; there is enough “there” there to warrant continued Investment. The winners will be big winners, and some of “losers” in the fuels market will still be able to Find reasonable sized niche markets such as billion dollar specialty solvent markets – the so called Wall Street “bear case” for a company. We should also expect new developments currently unanticipated by Me, which will surprise many of us in both positive and negative ways. Four years ago I would have Expected a 70 to 90 percent failure rate in our biofuels portfolio. Today I expect more than 50 percent Of our technology bets will be successful.
Energy,
Energy is one of the megatrends. It is only going to grow in importance as global demand increases.The world’s population is expected to grow from 6.6 billion to more than 8 billion over the next 25 years. It’s expected to grow anotherbillion in the quarter century after that. That fact, coupled with rising incomes and changing lifestyles in emerging economies, willdramatically increase the need for energy.The global energy usage will rise 70 percent by 2050. In the United States, energy consumptionwill grow 14 percent by 2035, with fossil fuels providing 78 percent of all energy. Providing this amount of energy, while working toreverse the growth of greenhouse gas emission, will no doubt be one of the most daunting challenges facing our global society.This is the next frontier of manufacturing. Some of the most exciting work today in the world of manufacturing is being done in the creationof wind turbines and solar cells and batteries.It’s generally acknowledged that the America doesn’t have an energy policy. The current administration is in the process of trying todevelop one, and there are some good ideas on the table. There’s a lot of discussion in Washington and across this country about the cost ofenergy. But what concerns us even more than the cost of energy is the opportunity cost of lacking an energy policy.In 200, Germany passed the Renewable Energies Act, which, among other things, created what’s called a feed in tariff. The idea was simpleenough to pay anyone any company or individual who sold back renewable energy to the grid. And it paid them at four times the marketrate, with an annual return between 5 and 9 percent. The incentive has proved a powerful one. In less than a decade, according to the Centerfor American Progress, Germany accounted for more than half of the installed solar panels in the world.Germany had more market share in renewable energy than any other country as much as Britain, France, and Italy combined. Germanyovertook Japan as the world’s biggest producer of photovoltaic solar cells, and has become the number one exporter of “renewable energysystems.” Today, Germany employs more than a million workers in the renewable energy industry, and expects that number to risesubstantially in the coming decades.What has been good for the German environment has been excellent for its economy. Despite the severe global recession of 2009, a record17 billion Euros was invested in the German renewable energy sector that year. Germany’s global export share for wind towers and turbineswas above 70 percent in 2006. Its solar cell export share was around 30 percent, and climbing. Forecasts, that Germany’s renewable energysector will nearly double in size by 2020 and became the country’s leading industry.Imagine that a renewable energy industry so vibrant that it overtakes the thriving automobile industry responsible. But this is the future.Renewable technologies, in 2000, Germany set an aggressive goal, Generate 12.5 percent of its electricity from renewable source by2012. Itmet that goal five year early. Its next goal to achieve 20 percent renewable usage by 2020 will likely be exceeded this year, in 2011. Theeconomists believe that if Germany stays on track with its clean energy agenda, the country will be able to get nearly half of its power fromrenewable energy. These policies have spurred a manufacturing boom in Germany, which in turn, has created high paying jobs andsustained economic growth. (*J*)You are talking about changing the ways you work and the way you live.
Tidewater Inc NYSE:TDW Energy : Oil Well Services & Equipment Mid Cap Blend. $52.46 ( August 17, 2011 )
Tidewater Inc., (Tidewater) provides offshore supply vessels and marine support services to the offshore energy industry through the operation of marine service vessels. The Company conducts its operations through wholly owned subsidiaries and joint ventures. The Company provides services in support of all phases of offshore exploration, field development and production, including towing of and anchor handling for mobile offshore drilling units, transporting supplies and personnel necessary to sustain drilling, workover and production activities, offshore construction and seismic support, and a variety of specialized services, such as pipe and cable laying. As of March 31, 2011, the Company had 378 vessels (of which 10 were operated through joint ventures, 90 were stacked and four were withdrawn from service) servicing the global energy industry.
The Company also operates two shipyard. It operates in two segments: International and the United States.
Price/Earnings (TTM) 29.63x. Price/Sales (TTM) 2.58x Price/Book (MRQ) 1.07x. Price/Cash Flow (TTM) 11.76x.
601 Poydras Street New Orleans, LA 70130
Phone: (504) 568-1010 Fax: (504) 566-4559
Petrohawk Energy Corp NYSE:HK Energy : Oil & Gas Operations Large Cap Growth. $38.71 ( August 18, 2011 )
Petrohawk Energy Corporation (Petrohawk) is an independent oil and natural gas company engaged in the exploration, development and production of natural gas properties located in the United States. The Company operates in two segments: oil and natural gas production, and midstream operations. Its oil and natural gas properties are concentrated in three domestic shale plays. Its midstream segment consists of its wholly owned gathering and treating subsidiary, Hawk Field Services, LLC (Hawk Field Services). On September 29, 2010, it completed the sale of its interest in certain Mid-Continent properties in Texas, Oklahoma and Arkansas. On May 12, 2010, it completed the sale of its interest in the
Terryville Field, located in Lincoln and Claiborne Parishes, Louisiana. On April 30, 2010, it completed the sale of its interest in the West Edmond Hunton Lime Unit (WEHLU) Field in Oklahoma County, Oklahoma. In July 2011, BHP Billiton Limited acquired the Company.
Company Profile
We are an independent oil and natural gas company and a leader in the exploration and development of shale plays in the United States. Our operations are concentrated primarily in three core areas: the Haynesville/Lower Bossier Shales of Northwest Louisiana and East Texas, the Eagle Ford Shale of South Texas, and various Permian Basin Shales in West Texas. We also hold wholly or partially owned interests in midstream and services entities to ensure that our producing properties are maximized for value.
Year-end 2010 proved reserves were 3.4 trillion cubic feet equivalent (6:1.) As of March 2011, we produce over 825 million cubic feet of gas equivalent per day (6:1; Mmcfe/d), of which ten percent is liquids. We expect to produce an average of approximately 950 Mmcfe/d in 2011 and exit the year with liquids representing over 15 percent of production, and growing.
Petrohawk Energy Corporation is a Delaware corporation and we are headquartered in Houston, Texas. As of March 2011, we have approximately 650 employees
Price/Earnings (TTM) 69.94x. Price/Sales (TTM) 6.19x. Price/Book (MRQ) 3.2x. Price/Cash Flow (TTM) 15.1x.
1000 Louisiana Houston, TX 77002
Phone: (832) 204-2700
Southwestern Energy Co NYSE:SWN Energy : Oil & Gas Operations Large Cap Growth.$56.37 ( August 18, 2011 )
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production (E&P). The Company is focused on creating and capturing additional value through its natural gas gathering and marketing businesses. Its primary business is the exploration for and production of natural gas and oil, with its current operations being focused within the United States on development of an unconventional gas reservoir located on the Arkansas side of the Arkoma Basin, which it refers to as the Fayetteville Shale play. It is also engaged in exploration and production activities in Texas, Pennsylvania and Oklahoma. The Company conducts its exploration
and production operations through its wholly owned subsidiaries, SEECO, Inc. (SEECO), and Southwestern Energy Production Company (SEPCO). In June 2010, the Company sold certain oil and natural gas leases, wells and gathering equipment in East Texas to Exco Resources,Inc
http://www.swn.com/investors/LIP/latestinvestorpresentation.pdf
http://www.swn.com/Pages/default.aspx
Price/Earnings (TTM) 22.18x. Price/Sales (TTM) 4.85x. Price/Book (MRQ) 4.1x. Price/Cash Flow (TTM) 10.8x.
2350 N.
Houston, TX 77032
Phone: (281) 618-4700
Fax: (281) 618-4820
Noble Energy Inc NYSE:NBL Energy : Oil & Gas Operations Large Cap Blend. $83.86 ( August 18, 2011 )
Noble Energy, Inc. (Noble Energy) is an independent energy company, which is engaged in the oil and gas exploration and production worldwide. The Company has operations in four main areas: the Central DJ Basin onshore United States; the deepwater Gulf of Mexico; offshore West Africa, and offshore Eastern Mediterranean. As of December 31, 2010, its main development projects included Central DJ Basin (onshore US); Galapagos (deepwater Gulf of Mexico); Gunflint (deepwater Gulf of Mexico); Tamar (offshore Israel); Aseng (offshore Equatorial Guinea); Alen (offshore Equatorial Guinea); Diega/Carmen (offshore Equatorial Guinea), and West Africa gas projects (offshore Equatorial Guinea and
Cameroon). On March 1, 2010, the Company acquired all of the United States Rocky Mountain assets of Petro-Canada Resources (USA) Inc. and Suncor Energy (Natural Gas) America Inc. The acquisition included properties located in the Central DJ Basin.
http://www.nobleenergyinc.com/
Price/Earnings (TTM) 26.45x. Price/Sales (TTM) 4.58x. Price/Book (MRQ) 2.17x. Price/Cash Flow (TTM) 10.29x.
100 Glenborough Drive
Houston, TX 77067
Phone: (281) 872-3100
Fax: (281) 872-3111
FMC Technologies Inc NYSE:FTI Energy : Oil Well Services & Equipment Mid Cap Blend. $39.33 ( August 18, 2011 )
FMC Technologies, Inc. (FMC Technologies) is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. Its operations are aggregated into two reportable segments: Energy Production Systems and Energy Processing Systems. Energy Production Systems designs and manufactures products and systems and provides services used by oil and gas companies involved in land and offshore, including
deepwater, exploration and production of crude oil and natural gas. Energy Processing Systems designs, manufactures and supplies technologically advanced high pressure valves and fittings for oilfield service customers.
http://www.fmctechnologies.com
Price/Earnings (TTM) 27.85x. Price/Sales (TTM) 2.26x. Price/Book (MRQ) 6.36x. Price/Cash Flow (TTM) 21.31x.
1803 Gears Road
Houston, TX 77067
Phone: (281) 591-4000
Fax: (215) 299-5998
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