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| Powered by Industrial Information Resources, Inc. |
| March 09, 2010 |
Marcellus Shale Could Change the Face of Pipeline Construction in the U.S. Northeast
SUGAR LAND--February 15, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--In the past several years the Marcellus Shale formation has gained increasing importance as a natural gas and liquids producing region. Located across the states of New York, Pennsylvania, Ohio, West Virginia and parts of Virginia, the Marcellus Shale is at the northern end of the Devonian Black Shale Succession, and what lies beneath the ground is now commonly thought to be approximately 500 trillion cubic feet of natural gas and associated hydrocarbon liquids locked within the rock. Estimates go as high as 1,300 trillion to 1,600 trillion cubic feet of natural gas in place, which would make it even larger than the 900 trillion-cubic-foot North Field in Qatar, which is helping fuel Qatar's growth to 77 million tons of liquefied natural gas (LNG) by the end of 2010.
Companies featured: Chesapeake Energy (NYSE:CHK), Anadarko Petroleum (NYSE:APC), XTO Resources (NYSE:XTO), Exco Resources (NYSE:XCO), EOG Resources (NYSE:EOG)
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Duke Energy Begins Construction of $325 Million Expansion Project at Buck Steam Station
SUGAR LAND--February 25, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Duke Energy Carolinas LLC, a subsidiary of Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina), has begun construction of the $325 million, 620-megawatt (MW) expansion project at the Buck Steam Station in Salisbury, North Carolina. The Shaw Group Incorporated (NYSE:SHAW) (Baton Rouge, Louisiana) will provide the turnkey engineering, procurement, and construction services for the duration of the project.
Other companies featured: General Electric Company (NYSE:GE)
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U.S. Chemical Processing Spending to Increase and Shift Geographically in 2010
SUGAR LAND--February 18, 2010--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The Chemical Processing Industry (CPI) has increased scheduled 2010 capital and maintenance project spending in the U.S. by about $100 million more than what it said it would spend three months ago, Trey Hamblet, Industrial Info's vice president of research for the chemical processing industry, told about 500 attendees at Industrial Info's "Twenty-Ten Industrial Market Outlook" in Houston on January 27.
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ThyssenKrupp Returns to Profit, Prepares for Start-Up of Steel Mills in the Americas
SUGAR LAND--February 15, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--After three consecutive quarters of net losses, German steelmaker ThyssenKrupp AG (EPA:TKA) (Dusseldorf) returned to profit in the first quarter of the company's 2009-10 fiscal year. ThyssenKrupp's net income was 195 million euros ($265.5 million). While both orders and sales were down year over year, order intakes showed a notable upswing from the previous quarter, moving from 7.5 million euros ($10.23 million) of orders to 9.33 million euros ($12.7 million), an increase of more than 24%. In a conference call discussing the earnings, Chief Financial Officer Alan Hippe touched on the start-up of ThyssenKrupp's Steel Americas mills, comprising mills in Brazil and Alabama.
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Obama Administration Commits $8 Billion in Loan Guarantees to Georgia Power's Vogtle Units 3 and 4
SUGAR LAND, TEXAS--February 17, 2010--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--On Tuesday, President Obama announced $8.3 billion in federal loan guarantees to help Georgia Power (Atlanta, Georgia) build a two-unit, 2,200-megawatt nuclear power plant.
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