Category Archives: Energy

Chevron Retreats on Clean Energy After Renewables Hit 20% Margin

Chevron Retreats on Clean Energy After Renewables Hit 20% Margin

In January, employees ofChevron (CVX)’s renewable power group, whose mission was to create large, profitable clean-energy projects, dined at San Francisco’s trendy Sens restaurant. Managers applauded them for almost doubling their projected profit in 2013, the group’s first full year of operations.

The mood quickly turned somber. Despite the financial results and the team’s role in helping start more than a half-dozen solar and geothermal projects capable of powering at least 65,000 homes, managers told the group that funding for the effort would dry up, and encouraged staffers to find jobs elsewhere, say four people who attended the dinner, Bloomberg Businessweek reports in its June 2 issue.

Continue reading “Chevron Retreats on Clean Energy After Renewables Hit 20% Margin” »

Freeport Contract extension will decide by Next President?

Freeport Contract extension will decide by Next President?

Queted from TEMPO.CO, President’s special staff of economic and development, Firmanzah, asserted that the mining contract renegotiation will be not be decided by the President Susilo Bambang Yudhoyono. He said the strategic policy will be made by the new president elected on July 9 2014.

Freeport mine

“During a cabinet meeting, the president asserted that he would not make any strategic policies, including the mining contract renegotiation, near the end of his terms of office,” Firmanzah toldTempo on Sunday, June 8, 2014.

Continue reading “Freeport Contract extension will decide by Next President?” »

How is Freeport Morgan’s contract negotiation progress now?

How is Freeport Morgan’s contract negotiation progress now?

Freeport-McMoran Copper & Gold still have contract (Kontrak Karya – KK) in Indonesia untl 2021 since 7 April 1967 and last renewals in 30 December 1991. Freeport can propose new extension in 2019, 2 years before its end. But after government isseud UU No 4/2009 about Mineral and Coal Mining, also PP 9/2012 about PNBP and Keppres Number 3/2013 Freeport and others mining corporation should be fulfill the provision from the government.

Freeport

So, why Freeport looks inconvenience with this regulations? Since 1967 Freeport was contribute around 20-30 percent copper mining for their company production around he world. It’s not a small contribution for the total production. In others, gold mining contribute more that 90 percent for total productions besides their mine in South America, North America and Africa. If they fail to extend the contract, their production will be affected and makes huge influence for their company. Continue reading “How is Freeport Morgan’s contract negotiation progress now?” »

Gazprom get China National Petroleum Corp deals

Gazprom get China National Petroleum Corp deals

Russia’s President Vladimir Putin has signed a multi-billion dollar, 30-year gas deal with China.

The deal between Russia’s Gazprom and China National Petroleum Corp (CNPC) has been 10 years in the making.

Russia has been keen to find an alternative energy market for its gas as it faces the possibility of European sanctions over the crisis in Ukraine.

Photobucket

Photobucket

No official price has been given but it is estimated to be worth over $400bn.

President Putin said in a statement to the Russian news channel Rossiya: “The price is satisfactory for both sides. Continue reading “Gazprom get China National Petroleum Corp deals” »

Norway Loses Reputation as Stable Investment

Norway Loses Reputation as Stable Investment

Norway, western Europe’s largest oil producer, is angering a growing number of oil and gas companies after dictating terms for offshore projects worth billions of dollars.

In the latest blow to the nation’s reputation, the opposition bloc last week defied the minority government and decided to force Statoil ASA (STL) and other producers to prepare to power North Sea developments from land, raising costs and potentially delaying the projects. That comes after last year’s surprise tax increase on oil output.

Photobucket

Photobucket

“Twice in a year, the framework for how oil companies operate has been changed,” said Erling Kvadsheim, head of licensing policy at the Norwegian Oil and Gas Association, a lobby group that represents groups such as Statoil, BP Plc (BP/) and Exxon Mobil Corp. (XOM) “This can make projects less profitable, because you have to include political risk in your calculations, and makes marginal projects less attractive.” Continue reading “Norway Loses Reputation as Stable Investment” »

Asian stocks drop, but oil comodity climbs

Asian stocks drop, but oil comodity climbs

Asian stocks fell, led by Japanese shares after a two-day holiday, as the yen held gains versus the dollar and emerging-market currencies strengthened. The New Zealand dollar weakened, while nickel and crude oil climbed.

idx

The MSCI Asia Pacific Index slipped 0.8 percent by 10:01 a.m. in Tokyo, as Japan’s Topix index sank 1.8 percent. Standard & Poor’s 500 Index futures fell 0.1 percent after a selloff in Internet stocks sent the gauge down 0.9 percent in the U.S. The yen held yesterday’s 0.5 percent jump as the Korean won and Malaysian ringgit climbed. New Zealand’s dollar fell after the central bank detailed conditions for intervention. Nickel rose and gold advanced as oil in New Yorkadded 0.4 percent.

Continue reading “Asian stocks drop, but oil comodity climbs” »

If Stability reached at Libya, Oil Prices migh be cheaper

If Stability reached at Libya, Oil Prices migh be cheaper

Bloomberg, businessweek.com

Now that Libya’s government has wrested control of its ports back from armed rebels, the country is finally starting to export crude oil again. Libya’s oil has essentially been trapped since militias seized its three largest ports last summer in an attempt to grab a share of the country’s oil revenue.

On Tuesday, a ship bound for France began loading as much as 850,000 barrels of crude at Libya’s easternmost port of Hariga. This is the second shipment of oil to be loaded at Hariga in the last two weeks. On April 16, a ship called the Aegean Dignity began loading crude for export for the first time since rebels took over the port last July. In an interview with Bloomberg News at the time, the ship’s manager said that the crew “didn’t see any people with guns or soldiers” at the port trying to interfere. Which is usually good news.

Photobucket

Photobucket

Continue reading “If Stability reached at Libya, Oil Prices migh be cheaper” »

Did Chevron’s Lawyers Double-Cross the Oil Company?

Here’s a juicy tidbit being peddled by foes of Chevron (CVX), the big oil company: Gibson, Dunn & Crutcher, Chevron’s outside law firm, double-crossed its client! Whoa. Sounds like trouble for Gibson Dunn, one of the most prominent corporate law firms in the country. Until, that is, one actually looks at the facts.

“Chevron’s Own Lawyers Jeopardize Fate of Chevron-Ecuador RICO Lawsuit” declares the headline on a blog post by EarthRights International, a nonprofit advocacy group in Washington. I became aware of the post courtesy of a blast e-mail from Steven Donziger, a New York plaintiffs’ attorney who is being sued by Chevron. Donziger and EarthRights are slinging mud at Gibson Dunn in an attempt to confuse interested parties waiting for a verdict in Chevron v. Donziger. EarthRights goes so far as to suggest that “the next phase of this never-ending litigation may see Chevron suing its own lawyers.” Not likely.

Continue reading “Did Chevron’s Lawyers Double-Cross the Oil Company?” »

Deflation Concerns After Fall in Eurozone Inflation Rate Fuels

Deflation Concerns After Fall in Eurozone Inflation Rate Fuels

BBC.co.uk

Calls for European Central Bank action to help protect the eurozone’s fragile recovery have grown after the release of inflation and jobless data.

Official figures showed that eurozone inflation fell to 0.7% in January, down from 0.8% in December and further below the ECB’s 2% target.

It has fuelled worries about whether the euro bloc could suffer deflation, potentially de-railing economic growth. Continue reading “Deflation Concerns After Fall in Eurozone Inflation Rate Fuels” »

MI Windows and Doors EnergyCore Windows Featured in Vision House Tucson Grand Opening

MI Windows and Doors EnergyCore Windows Featured in Vision House Tucson Grand Opening











Vision House Tucson Grand Opening


Tucson, AZ (PRWEB) December 24, 2013

Thursday, December 19th marked the grand opening of Green Builder Media’s latest demonstration project, the VISION House® Tucson. The VISION House Series is a collection of advanced, high performance, and truly sustainable homes built around the country. Each project is unique and provides an extraordinary opportunity for innovative builders, designers, contractors, manufacturers, to collaborate on a state-of-the-art project.

VISION House Tucson is remarkable in that it is built in a historical neighborhood, Armory Park del Sol, which has been deemed the ‘Greenest Neighborhood in America’ by the Department of Energy and recently won AARP’s ‘Most Livable Community’ award based on its sustainability, walkability, and access to downtown Tucson. Once a rail yard, the urban infill community has been thoughtfully planned and meticulously redeveloped by green building pioneer John Wesley Miller.

Miller designed all of the homes in Armory Park del Sol to aesthetically fit into the historical community. The traditional Southwestern style homes feature adobe exteriors and are net-zero energy, feature photovoltaics, solar thermal, sophisticated masonry thermal mass building envelope systems, super efficient insulation, glazing, lighting, and mechanical systems. The homes use approximately half of the water of an average American house, employing low-flow fixtures, water harvesting and filtration systems, and desert-friendly xeric landscaping.

MI Windows and Doors furnished the home with MI EnergyCore windows with High Performance Low-E glass and patented AirCell™ frame technology that enhance the energy savings provided by the structure. “MI Windows and Doors is proud to participate in the Vision House Tucson project. Our MI EnergyCore windows have proven themselves to be some of the most energy efficient windows made in America and are well-suited for net-zero environments,” said Mike DeSoto, COO, of MI Windows and Doors.

MI EnergyCore windows have been recognized as ENERGY STAR Most Efficient 2013 by the EPA. The ENERGY STAR Most Efficient 2013 designation recognizes the most efficient products among those that qualify for the ENERGY STAR and represent the leading edge in energy efficient products. For more information about MI EnergyCore windows, go to http://mienergycore.com.

Several local dignataries attended the opening including Congressman Barber, Mayor Rothschild, Senator Farley, several Deans from the University of Arizona, city council members, other elected officials, and a diverse group of professionals and homeowners. Congressman Ron Barber spoke of John Wesley Miller’s leadership and vision in the green building community, “John is a shining example of how far you can take technology in a responsible way. This home now stands alone as a model for the rest of the country.”

With its exceptional HERS rating of negative 21, the home is expected to produce all its own energy and will be able to sell excess energy produced back to the local utility. Vision House Tucson is the first net-zero energy house using the City/County Net-Zero Energy Building Standard. The total cost of owning a net-zero home (including mortgage and utilities) is less than the cost of a owning a similarly priced home that only meets the minimum requirements of the building code. Net-zero homes lock in energy rates much lower than Tucson Electric Power (TEP) can provide, giving the homeowner a secure energy future, plus they help reduce greenhouse gas emissions and reduce TEP’s need to purchase peak power.

The windows were supplied by MIWD dealer, Apex Window and Bath. Established in 1995, Apex is a family-owned business that prides themselves on quality, service, reputation, and innovation. By maintaining small business philosophies and a hometown approach while also adapting to a rapidly changing market, economy, and new technologies, they have been able to both provide their customers with the best possible price and expand into the future. For more information, visit http://www.apexwindowsandbath.com.























Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.