ExxonMobil Technology Yields Worlds Largest LNG Carrier

December 17, 2008 Filed Under: Oil and Gas  

Exxon Mobil Corporation’s technology leadership in liquefied natural gas or LNG has resulted in an industry breakthrough in carrier design and size, enabling the more efficient transport of natural gas to markets throughout the world. The recent completion of the world’s first Q-Max LNG carrier, named ‘Mozah,’ marks a step change in LNG shipping by reducing transportation cost, while improving... 

GE, Sasol Sign Service Agreement for New Power Project That Could Help Ease South Africas Energy Crisis

November 20, 2008 Filed Under: Oil and Gas  

GE Energy announced today that it has signed a 15-year service agreement with South African oil and gas company Sasol. Under the agreement, GE Energy will provide around-the-clock monitoring and diagnostics of Sasol’s new power plant in Secunda, which could help ease South Africa’s energy crisis. South Africa, which has Africa’s largest economy, is in the grip of an electricity supply crunch.... 

Caterpillar Aligns to Better Serve Customers and Focus Accountability

October 10, 2008 Filed Under: Mining Equipment  

To strengthen its world-class product and service offerings, Caterpillar Inc. is aligning its machine product and marketing organizations to sharpen customer focus, position the company to achieve its 2010 and Vision 2020 goals and build deep expertise in product development. “We are well-positioned for long-term success,” said Caterpillar Chairman and CEO Jim Owens. “And Team Caterpillar... 

Warm Asian Response to TTEG Technology

August 11, 2008 Filed Under: Mining Equipment  

Mr. Michael Rouse, CEO of Turbine Truck Engines, Inc., announce that the introduction of the company’s Detonation Cycle Gas Turbine Engine to Asian automotive manufacturers has been extremely well received. Visionary Equity Group has opened dialogue with several major automotive engine manufacturers including two of the major industry leaders with facilities supplying consumer demands throughout... 

Caterpillar Inc. Announces Autonomous Mining Collaboration Designed to Improve Mine Site Productivity, Efficiency and Overall Sustainability

July 23, 2008 Filed Under: Lead Mining, Mining Equipment, Oil and Gas  

Caterpillar Inc. has announced a groundbreaking alignment with BHP Billiton to develop an autonomous mining haulage system. The agreement couples the market leader in mining equipment with the world’s largest diversified natural resources company. “Our joint autonomous technology project is a significant initiative that will bring benefits to both Caterpillar and BHP Billiton,” said... 

High oil price to benefit O&G support industry

March 15, 2008 Filed Under: Mining Stocks, Oil and Gas  

The high price of crude is giving oil majors an incentive to further invest in exploration and production, which will also benefit companies providing services and equipment to the oil and gas (O&G) industry. Crude oil has been trading above US$100 a barrel for the past two weeks as a fall in the US dollar fuelled speculation in crude, commodities and gold. On March 12, the April delivery for... 

Dirty business of coal could get makeover

June 7, 2007 Filed Under: Coal Mining, Mercury Mining, Mining Services  

State regulators on Tuesday signed off on plans to build one of the nation’s first plants that would turn dirty coal into cleaner fuel, generating electricity while dramatically reducing smog and mercury pollution. If built amid cornfields outside Taylorville, about 200 miles southwest of Chicago, the 630-megawatt plant would provide a lucrative boost to the state’s beleaguered coal industry.... 

Midwest Has ‘Coal Rush,’ Seeing No Alternative

March 10, 2007 Filed Under: Coal Mining, Mercury Mining  

COUNCIL BLUFFS, Iowa – From the top of a new coal-fired power plant with its 550-foot exhaust stack poking up from the flat western Iowa landscape, MidAmerican Energy Holdings chief executive David L. Sokol peered down at a train looping around a sizable mound of coal. At this bend in the Missouri River, with Omaha visible in the distance, the new MidAmerican plant is the leading edge of what... 

TXU to use cleaner-burning coal method after all

March 10, 2007 Filed Under: Coal Mining, Mercury Mining, Mining Services  

TXU says it plans to build two coal-fired power plants in Texas using a cleaner-burning technology the company previously tried to discredit. In an announcement Friday, TXU and the two investors behind the proposed $45 billion buyout of the company announced last month said they will issue a request for proposals from companies offering coal gasification technologies, often referred to by the acronym... 

Texas companies plan wind, gas, coal power plants

February 16, 2007 Filed Under: Mining Services  

Several Texas energy companies offered Thursday to build a string of wind, gas and coal-fired power plants and transmission lines across the Panhandle that could lessen the state’s future dependence on coal while supplying enough electricity for more than a million Texas homes. More than 15 proposals were filed with the Public Utilities Commission to meet a Thursday deadline for competitive...