| Today in our project news we feature a press release from Centrica who has acquired further exploration interests in the Norwegian Sea.
Further Norwegian exploration interests acquired by Centrica |
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Centrica plc today announced its Norwegian subsidiary, Centrica Energi, has acquired further exploration interests in the Norwegian sector, building on its existing presence within the country. Centrica has agreed to acquire a 40 per cent interest in the Tommeltott prospect from Total’s Norwegian subsidiary, Total E&P Norge AS.
The acquisition, which covers licences PL 379 and PL 389 (blocks 6406/12 and 6406/11), is located in the Haltenbanken area of the Norwegian Sea. Total will remain operator with a 40 per cent interest in both licences. The licences are close to two Centrica operated licences awarded in January 2007 as part of the APA 2006 licensing round. Centrica acquired a total of four Norwegian licences in the APA 2006 licensing round, including those provisionally named Marc Bolan, T-Rex and Butch Cassidy.
In 2006, Centrica opened an office in Stavanger which now employs 11. The company also helped to underpin development of the Langeled pipeline through a 10 year gas supply contract with Statoil, as well as its role to operate the UK receiving terminal for Langeled. Centrica also holds a 9.7 per cent interest in the Statfjord oil and gas field which straddles the UK and Norwegian sectors.
The new licences provide Centrica with the right to explore for gas within the Norwegian sector, building on exploration interests already acquired in Norway, the UK, Egypt and Trinidad, as part of its strategy to widen its search for new supplies for its British Gas customers. It also holds two operating licences in Nigeria.
Jake Ulrich, Managing Director of Centrica Energy, said: “Norway is a key country for us as we to look to further develop our exploration strategy.
“We already have a strong relationship with Norway and many of the companies there. As part of our global search to secure new supplies for our British Gas customers, we will be looking at other opportunities within the Norwegian sector.” |
Further Norwegian exploration interests acquired by Centrica
June 29, 2007GE News – GE Unit’s first investment in NY Wind Energy
June 29, 2007| Today in manufacturing news we feature an interesting press release from GE. This time its from Energy section which will help boost wind energy capacity in teh New York state.
GE Unit’s first investment in NY Wind Energy |
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GE Energy Financial Services, a unit of GE (NYSE: GE), will help boost wind energy capacity in New York State by more than 70 percent with an investment in three Noble Environmental Power windparks that will generate 282 megawatts in Clinton and Wyoming Counties. The GE unit’s first investment in wind energy in New York State will increase the state’s wind energy capacity to 671 megawatts. The projects, located in the towns of Clinton and Ellenburg in Clinton County, and Bliss in Wyoming County, New York, represent a $564 million investment in clean, renewable energy that will bring an estimated $352 million in new revenue to the regional economies over the next 20 years.
GE Energy Financial Services will invest the Class A equity as the non-managing member and Noble Environmental Power, based in Essex, Connecticut will invest the Class B equity as the managing member of the three windparks. In addition to remaining a significant equity investor, Noble will construct, operate and manage the facilities. Delivering power to the NYISO-controlled wholesale power grid, Noble’s windparks in northern and western New York State are expected to begin commercial operation during the fourth quarter of this year. Financial details of the transaction, which is subject to federal and state regulatory approvals, were not disclosed.
The 100.5-megawatt Noble Clinton Windpark, employing 67 GE 1.5-megawatt SLE wind turbines, is located three miles south of the US-Canadian border and 15 miles northwest of Plattsburgh, NY, in the town of Clinton in Clinton County. Also located in Clinton County, the 81-megawatt Noble Ellenburg Windpark uses 54 GE 1.5-megawatt SLE turbines. The 100.5-megawatt Noble Bliss Windpark, which uses 67 GE 1.5-megawatt SLE turbines, is located 30 miles southeast of Buffalo in the town of Eagle in Wyoming County.
“This transaction represents a significant geographic expansion of our wind energy footprint and helps us to reach our goal of investing $4 billion globally in renewable energy by 2010,” said Kevin Walsh, Managing Director and leader of renewable energy at GE Energy Financial Services. “We will continue to invest in high-quality wind projects in new markets that take advantage of strong partnerships with wind energy leaders such as Noble Environmental Power, reinforcing our commitment to ecomagination.” Ecomagination is GE’s initiative to help its customers meet their environmental challenges while expanding its own portfolio of cleaner energy products.
A total of 95 percent of the Renewable Energy Certificates generated by the three projects will be sold under 10-year contracts to the New York State Energy Research and Development Authority (NYSERDA). NYSERDA, a state government agency, purchases the certificates to meet New York’s Renewable Portfolio Standard, which requires that 25 percent of New York’s power come from renewable sources by 2013.
The three windparks will annually produce electricity sufficient to power more than 93,000 average U.S. homes and will avoid nearly 590,000 tons per year in greenhouse gas emissions from fossil fuel generation.
Charles Hinckley, CEO of Noble Environmental Power, said: “Noble applauds and appreciates GE’s strong commitment to wind energy and considers it a valuable partner. The Noble Clinton, Ellenburg, and Bliss Windparks will make significant environmental and economic contributions: generating clean energy, creating jobs, and providing tax payments to the schools, towns, and counties. These benefits will reach far beyond the communities that host our windparks – creating a cleaner, healthier environment for the State of New York and saving New York ratepayers millions of dollars in electricity costs.”
With this transaction, GE Energy Financial Services has invested or committed to invest equity in 30 windparks and increased the total capacity of its global wind equity holdings to more than 2,000 megawatts.
About Noble Environmental Power
Noble is a leading renewable energy company that is majority owned by JP Morgan Partners, a fund managed by CCMP Capital. Noble was founded in 2004 in response to public policy initiatives designed to foster the increased use of renewable energy sources. Noble is committed to creating environmentally friendly facilities in partnership with local communities. Based in Essex, CT, Noble has offices in Altona, Churubusco, Brandon, Bliss, and Fredonia NY; Ubly, MI, Rutland, VT, and Lancaster, NH. For more information, please visit www.noblepower.com, or email to info@noblepower.com. |
MITA News – MITA GRP Cable Tray Preferred in Channel Tunnel Rail Link
June 28, 2007| Today in our manufacturing press we release an article form one of UK’s Leading cable mangement sysyems companies MITA. This article is about them supplying corrosion and fire resistant cable tray’s for the Channel Tunnel. For full press article please read on:
MITA GRP Cable Tray Preferred in Channel Tunnel Rail Link |
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Mita (UK) Ltd have recently supplied high-strength, corrosion and fire-resistant composite Glass-Reinforced Polyester (GRP) cable tray and support systems for multiple electrical services for Phase II of the Channel Tunnel Rail Link (CTRL) now under construction.
Due to open in 2007, Phase II of the 108 km high speed rail line linking the Folkstone end of the Channel Tunnel to London, runs from Ebbsfleet in Kent to the new London St Pancras International station, a distance of 39 km. Part of one of the UK’s largest civil engineering projects, the route includes over 40km of twin bore tunnels running under the Thames at Dartford and from Dagenham to Central London.
Containment and protection for multiple electrical services, including power, lighting, signalling and data-communications cabling is provided by heavy-duty Cabsys GRP cable tray manufactured and supplied by Mita. More than 20 km of the heavy duty tray together with Fibastrut channel-type supports have been installed throughout the cross-passages which link the twin running-tunnels as well as in sections of the main tunnels themselves. The installation was carried out by EMCOR Rail and Infrastructure Services Ltd , part of the UK arm of the international M&E engineering group.
All components supplied by Mita (UK) Ltd for the project have been manufactured in GRP composite using special ‘modar’ resin and pultrusion lamination technology. Not only does this combine fire-resistance with low smoke, zero halogen performance, it also gives a high loading to weight ratio, corrosion resistance, minimal maintenance requirements with speed and ease of installation, to reduce through-life costs to a minimum. More company information on MITA MITA are manufacturers of cable management systems and industrial cable support products. Total commitment to the electrical installation industry has firmly established MITA as a leader in cable management technology. MITA’s Cable Management Division can provide a wide range of single, twin and multicompartment trunking systems in sizes ranging for 80x22mm to 210x52mm. Also available are a wide range of conduits, mini and feeder trunkings. MITA’s Industrial Cable Support Division, PowerComponents, specialises in products with particular emphasis on corrosive and harsh environments. The range is built around a comprehensive uPVC cable tray system together with GRP cable ladders for heavy duty cable runs. MITA’s Integrated Systems Division offers a range of pre-wired distribution units for general, industrial and commercial applications, as well as a range of floor boxes, underfloor trunkings, powertrack, aluminium trunkings and powerpoles |
Major nuclear decommissioning milestone achieved at Windscale Site, Cumbria
June 28, 2007| Today we feature a very interesting article in our energy news section from UKAEA who have safely and successfully remove the last remaining radioactive material from the nuclear reactor atthe Windscale site in Cumbria. For full press details please read on:
Major nuclear decommissioning milestone achieved at Windscale Site. Cumbria |
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UKAEA, supported by its Alliance partners CH2M Hill and AMEC Plc, have safely and successfully removed the last remaining radioactive isotope cartridges from the Pile 2 nuclear reactor on the Windscale site in Cumbria. This achievement is an important step in an exacting programme of work to decommission the two Windscale Pile reactors on behalf of the Nuclear Decommissioning Authority (NDA).
Following approval from the Health and Safety Executive’s Nuclear Installations Inspectorate (HSE NII), the 42 isotope cartridges have been successfully and safely removed from the Pile 2 reactor. This involved a creative approach to designing and deploying a remote retrieval and handling system which has been developed by James Fisher Rumic, a West Cumbrian Company. This work marks a key move forward for decommissioning on the Windscale site. Norman Harrison, Chief Executive Officer of UKAEA said: “This is a very significant achievement by the team at Windscale who have not only completed a complex task on the road to the decommissioning of Pile 2 but have done so in a way which shows our capability to apply a creative but robust approach to decommissioning.”
The Project Management team of Dave Tyson of UKAEA and Dick Sexton of CH2M HILL are similarly delighted with the smooth completion of the project. Senior Project Manager Dick Sexton said: “Safely completing this work is a significant milestone in the decommissioning progress of the Windscale site.” The Piles Reactor Decommissioning Team are also responsible for carrying out decommissioning activities to remove the fuel and isotopes from The Pile 1 reactor which was damaged by fire in 1957. The team is currently working in conjunction with an American company, SA Robotics, on an innovative and technically credible ’Top Down’ approach to decommissioning both Pile reactors. |
CommScope to acquire Andrew Corp. for US$2.6 billion
June 28, 2007Today in manufacturing news we feature a major story from teh Cable & Wire Industry. CommScope will acquire the Andrew Corporation and thus create a global giant in the infrastructure solutions for communications networks market. For full press article please read on:
CommScope to acquire Andrew Corp. for US$2.6 billion
CommScope, Inc. and Andrew Corporation today announced that the companies have entered into a definitive agreement, unanimously approved by their respective Boards of Directors, under which CommScope will acquire all of the outstanding shares of Andrew for $15.00 per share, at least 90 percent in cash, creating a global leader in infrastructure solutions for communications networks. The transaction, is valued at approximately $2.6 billion. The combined company will be a global leader in infrastructure solutions for communications networks, including structured cabling solutions for the business enterprise; broadband cable and apparatus for cable television applications; and antenna and cable products, base station subsystems, coverage and capacity systems, and network solutions for wireless applications. “We are pleased to have reached this agreement with Andrew, which we believe is extremely beneficial to the shareholders of both companies,” said Frank M. Drendel, Chairman and Chief Executive Officer of CommScope. CommScope, Inc. is a global leader in structured cabling systems for business enterprise applications. It is also the world’s largest manufacturer of coaxial cable for Hybrid Fiber Coaxial applications.
BP News – BP, ABF and DuPont Unveil $400 Million Investment in UK Biofuels
June 28, 2007| Today in project news we release more press from BP. This story is about a new Biofuels project with a $400 million investment in the UK. For this project they have partnered with ABF and Dupont. For full article please read on:
BP, ABF and DuPont Unveil $400 Million Investment in UK Biofuels |
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The wide spread availability of biofuels in the UK took a major step forward today as BP, Associated British Foods (ABF) and DuPont announced major investment plans, totalling around $400 million for the construction of a world scale bioethanol plant alongside a high technology demonstration plant to advance development work on the next generation of biofuels.
The bioethanol plant, in which BP and ABF subsidiary British Sugar would each hold 45 per cent with DuPont owning the remaining 10 per cent, will be built on BP’s existing chemicals site at Saltend, Hull. Due to be commissioned in late 2009, it will have an annual production capacity of some 420 million litres from wheat feedstock. Although initial production would be bioethanol, the partners will look at the feasibility of converting it to biobutanol once the required technology is available. “We are delighted to be announcing, subject to the necessary approvals, the construction of a world scale bioethanol plant in Hull with our partners ABF and DuPont to enable petrol biocomponents to be available to meet the 2010 Renewable Transport Fuel Obligation,” said Iain Conn, chief executive officer of BP’s refining and marketing business. “In addition we have also selected Hull as the preferred location for a planned biobutanol demonstration plant as laboratory research work on the production of this first advanced biofuel that we and partners DuPont will bring to market is progressing well.”
Discussions are currently underway to explore strategic partnerships with grain trading business Frontier Agriculture for the supply of locally grown wheat feedstocks and with co-product marketing company AB Agri in relation to DDGS, a byproduct of bioethanol manufacture. It is expected that formal agreements would be finalised after regulatory approvals are obtained.
“We are delighted that this exciting new project has achieved this important milestone, and are confident that construction work will commence early next year after the required regulatory approvals are obtained,” said Mark Carr, CEO of British Sugar. “Front end engineering and design work will commence immediately with Aker Kvaerner leading the project and their joint venture partner Praj providing the technology expertise.” Although the plant will be built from scratch, it will have access to the existing infrastructure at the BP site for essential supporting services. Once operational it will provide around 70 new full-time posts in addition to the employment opportunities generated by the construction phase.
The BP site in Hull has also been selected as the preferred location for a planned biobutanol demonstration plant, funded and owned equally by BP and DuPont which could produce around 20,000 litres of biobutanol a year from a wide variety of feedstocks. “Over the last year, we have accelerated the commercial development of biobutanol,” said John Ranieri, head of DuPont Biofuels. “The demonstration facility, which will begin operation in early 2009, will develop the processing parameters and further advance the commercial deployment of our new technology. At the same time, the growing market demand for biofuels is significant.
We are concurrently investing in the Hull bioethanol facility with the intention to increase that investment once biobutanol process technology development is completed and conversion feasibility is validated.” To begin market development of biobutanol, BP and DuPont are also establishing initial introduction plans for biobutanol in the UK. The companies will import small quantities of biobutanol, sourced from an existing first generation manufacturing facility in China. The first product is expected to arrive by the end of the year and will be used to carry out infrastructure and advanced vehicle testing.
This testing will build upon initial laboratory engine tests using conventional butanol which indicated that butanol has similar fuel performance properties to unleaded petrol. In addition, work will be undertaken to gather comprehensive data on the environmental footprint and sustainability of this next generation fuel.
“The three initiatives we have announced today represent a significant first step in delivering BP’s strategy for biofuels,” commented Phil New, head of BP Biofuels. “As a UK based company, BP is delighted to be the first energy company to commit significant resources to building this important market of the future in the UK, and at the same time, bring a new product of global relevance closer to reality.” |
UK Cable Gland Manufacturers and Distributors
June 27, 2007
The Cable Directory features more than just cable manufacturers and distributors. We cover all products associated with cable accessories. Below is a list of just some of the companies we feature through our Cable Glands Search in the UK.
Hawke International
Peppers
Batt Cables
Cable Glands UK
CMP
International Cable Management
Global Plastics
Remora Electrical Ltd
A C A Cable Distributors
Cable Installation Components Ltd’s
Cable Systems Ltd
Cablecraft
Dron And Dickson
Ellis Patents
G H Lucas and Co Ltd
Hylec Components Ltd
Index Marine
Shrink Polymer Systems
Thorne And Derrick
Tone Ties Ltd
Wellhead Electrical Supplies Ltd
If you would like contact details on any of the companies above, please go to the About Us section click the link through to the regsitration page. Registration is free for our web-site, very easy to sign up and we promise to keep your e-mail safe.
Leading Hundred Cable Companies Prove Industry Profitability
June 26, 2007| Today we feature a very interesting article about the continuing rise in profits for the top 100 leading companies in the Cable & Wire Industry. For full article please read on:
Leading Hundred Cable Companies Prove Industry Profitability |
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Wire and cable revenues for the leading companies continue to grow, boosted by rising costs of raw materials. The 2007 Wire and Cable Financial Insight, a study of the world’s 100 largest wire and cable producers published by Integer Research, has revealed the leading 100 companies have combined cable revenues of US$90 billion in 2006, growing by 47.5% year-on-year. “The total industry reported revenues greater than US$124 billion in 2006, this is up from US$97 billion in 2005.” says Integer Research Director, Philip Radbourne. “The three major players, Nexans, Sumitomo Electric, and Prysmian clearly dominated the industry in 2006, each reporting wire and cable revenues of more than US$6 billion. Nexans has extended its position as world market leader by increasing its market share in Asia, with further investments in China, and the acquisition of Olex in Australia and New Zealand in 2006.”
Revenues were boosted by the sharp increase in raw materials prices during 2006. Indeed, copper prices on the LME hit an historic nominal record high in the second half of 2006.
“The higher copper and energy prices, combined with increased aluminium and polymer prices, meant that these inflationary pressures boosted the whole cable market through 2006,” says Integer Research Analyst, Sebastian Chu Ti. “However, despite these increased prices, the industry is still profitable. “The Wire and Cable Financial Insight shows that the net profit margin for the world’s 100 leading wire and cable producers is 4.4% in 2006, up from 2.6% in 2005, and a huge increase from -2.6% in 2002. One of main drivers of this profitability has been the continued growth in demand in Asia. China has led the way here, cementing its position as one of the leading cable markets worldwide over the last five years. In addition, there has continued to be rationalisation and consolidation on the supply side of the market, as leading producers have continued to look for acquisitions opportunities in the leading 200 cable makers worldwide.”
Radbourne continues, “Nexans, Leoni, General Cable and Belden CDT have been particularly active buying up a number of second tier niche producers globally. Belden CDT has concentrated on acquiring LTK, whilst Nexans, Leoni and General Cable have been looking at various power wire and cable producers globally, either in the specialty or utility power cable sectors.” Belden and General Cable have embarked on a significant acquisition activity in China in 2006, as have many of the other leading wire and cable producers. The presence of Chinese wire and cable producers in the top 100 companies is still limited to only three companies, although it is reasonable to expect other local players to emerge during the next few years.
Integer Research
Integer Research is the leading supplier of market analysis, forecasts and strategy consultancy to the wire and cable industry. Integer uses its team of engineers, economists and analysts to offer tailored consultancy services, regular reports and financial profile services. |
CorrOcean News – Large Brazilian subsea order awarded to CorrOcean
June 25, 2007| In subsea news we feature a press release from CorrOcean who have been awarded large subsea order in Brazil. For full press article please read on:
Large Brazilian subsea order awarded to CorrOcean |
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CorrOcean has received a new large subsea order in Brazil. The contract has a value of approximately NOK 7 million and contains the FSM Subsea pipeline corrosion monitor, SenCorr CS corrosion probes and SenCorr sand probes. Production for the contract has already started and the deliveries will begin this year.
This is the second subsea contract for CorrOcean in a short time and shows that CorrOcean is building a strong position in the Subsea market in Brazil to match the long-term position in the Topside market in Brazil.
CorrOcean will in the near future establish an office in Brazil to further strengthen the position in this market. |
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