Schlagwort-Archive: energy

Hochtief subdsidiary CIMIC Group signed Botswana Majwe mining joint venture

CIMIC-Group, subsidiary enterprise of Hochtief, communicates that it‘s subsidiary Thiess signed the the mining project Majwe. Thiess has an 70% interest in the 1,7 bio austr. $ joint venture with Bothakga Botswana. The project should last over 9 years. The project includes mining – services. Hochtief has an interest of 72,7% in CIMIC Group.

CIMIC Group is an highly experienced engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects.

It delivers the full spectrum of services, from feasibility, design, planning and investment; to manufacturing and construction; to operations, maintenance, upgrades and asset management; to rehabilitation and decommissioning.

And the conditions in mining sector are good and the pipeline of CIMIC Goup is full.

Profit of CIMIC Group increases by 11% to 781mio australian $, forecasting an amount between 720 and 780 mio australian $ in the last year. Revenue increased by 9%, the cashflow in operative business increased by 22%. The forecast for 2019 and 2020 is good. Woodside Energy has awarded a contract to CIMIC Group’s UGL as part of the latter’s joint venture with Cape at the Karratha gas plant in Western Australia. The contract will generate additional revenue to UGL of around $190 million and includes two further multi-year extension options. Karratha gas plant is central to Woodside’s proposed development of the Burrup Hub. The plant has a production capacity of 12,000 tonnes of domestic gas per day, with dry gas sourced from Scarborough, Browse and Pluto. The joint venture between CIMIC UGL and Cape will provide brownfields implementation services including planning and execution of work scope for mechanical, electrical and instrumentation, access, fire protection application, blasting and painting, cladding and insulation.The Karratha plant also includes five LNG processing trains, two domestic gas trains, six condensate stabilisation units and three LPG fractionation units. CIMIC UGL has provided services at Karratha since 2015.“

https://www.cimic.com.au/en

https://www.finanzen.net/nachricht/aktien/hochtief-tochter-cimic-ergattert-in-botswana-milliardenschweren-minenauftrag-7265069

How to earn money with energy-supply

The DAX decreased from 10.029.43 € in 08/2014 to 8987.80 on 24.10.2014

MDAX, TecDAX, Euro Stoxx 50 are following the DAX-movements.

Dow Jones inustrial averages, S&P 50, Nasdaq 100 and Nikkei 2250 are similiar in it’s movements but notedly over DAX and less volatile

Hang Seng goes it’s own way, driven from chinese industry.

ESTX UTILITY INDEX in 2014 shows also its own character. The index is the collection of the 600 assets with the highest market capitalization in the €-zone and shows more the situation in  the  €-zone. It also declined like the DAX the last days but not as volatile like the DAX itself. It decreased from 647 points in 2008 to 215 point in 2012 and increases in a more sidewards-movement to 275 points now.

http://www.finanztreff.de/kurse_einzelkurs_uebersicht.htn?i=159230

But the Dow Jones Utility Average Index turn up in 10/2014.

But what is this Index?

The Dow Jones Utilities Average is a price-weighted average of 15 utility companies that are listed on the New York Stock Exchange and are involved in the production of electrical energy. The average as it is known today began on January 2, 1929 with a base value of 50.

Which are the 15 companies listed in that index?

FirstEnergy Corp. is a public utility holding company.

Exelon Corporation is a utility services holding company.

American Electric Power Company, Inc.(AEP)is a public utility holding company.

PG&E Corporation is a holding company that holds interests in energy based businesses.

Public Service Enterprise Group Incorporated is a public utility holding company.

Edison International, through its subsidiaries, develops, acquires, owns, and operates electric power generation facilities worldwide.

NiSource Inc. is an energy holding company.

The AES Corporation acquires, develops, owns, and operates generation plants and distribution businesses in several countries.

American Water Works Co., Inc. provides drinking water, wastewater and other water-related services in multiple states and Ontario, Canada.

Dominion Resources, Inc., a diversified utility holding company, generates, transmits, distributes, and sells electric energy in Virginia and northeastern North Carolina.

CenterPoint Energy, Inc. is a public utility holding company.

Duke Energy Corporation is an energy company located primarily in the Americas that owns an integrated network of energy assets.

Consolidated Edison, Inc., through its subsidiaries, provides a variety of energy related products and services.

NextEra Energy, Inc. provides sustainable energy generation and distribution services.

The Southern Company is a public utility holding company.

Also Alon USA Energy, Inc. Which refines and markets oil, operates pipelines, and operates convenience stores is on the watch list.

So the Dow Jones Utility Average Index is a collection of US based, international operating energy companies. Also some water supply companies are in it. But why is this index decoupling from the world economy the last days?

Solarenergy seemed to come back. Some solar project in USA are planned and in Germany some industrysectors planning producing their own electricity using solar panel.

Japan and UK are planning subventions for solar. In USA the the government want to make investment and tax-write offs of solar plants be easier.

http://www.wallstreet-online.de/nachricht/5109377-globaler-solarmarkt-2014-subventionen-ueberleben

With the closing of ressources in the mining sector, the increasing prices for oil, coal, uranium and gas makes green technology more and more necessary to produce the needed electricity. But the efficiency of that form of producing electricity is much less efficient than producing it with fossile energy. In 2013 in Texas 8.7% of the installed production capacitiy was available for producing wind energy. The efficiency of gasplants was 81% – 89%, of coalplants was 84% – 86%. And between 2000 and 2015 the consumption of electricity in Texas increases by 15%. In 2014 the SWOC – the system wide offer cap – rose by 40% , from 5$ to 7$ per MWh amd will rise to 9$ by 2015. The demand by private consumer quadroupled in the hot summer of 2011. Such increase of prices are substantiated when supply is not keeping up with demand. As in the summer peak the planned wind energy lack because there was no wind to propel the generators of the wind park generators. So USA have to secure the energy supply with the flexible use of gas plants.

http://www.window.state.tx.us/specialrpt/electricity/96-1767.pdf

Also the fear of terror attacks at the public energy supply sector, a hacker attack on its computer system let the USA invest in this sector.

So USA will have to do a lot to maintain and upgrade the infrastructure of it’s energy supply. And as demand will surmount the offer the prises and profitability of energy supply companies will be secured.

But what is with the free energy projects, which produces energy without the dependence of fossile energy, wind, water and solar, like the trawöger pyramid?

Here an indian example

http://www.youtube.com/watch?v=yodY1jH5j-I

or a russian one

http://www.youtube.com/watch?v=z2uLBWqqzok.

Look at the environment. Do you really think this machine – where no parts are in motion – is so magically that no industry – or other private person – can build it. I think not. No parts in motion means that there are no parts which has to be maintained for the reaseon that they move, lika a shaft.

If it is true, that this indian machine could produce between 3,5 and 10kw/h KW/h and the russian one could produce 1KWh both machines are able to supply the private electricity consumption of an average household, placing one of this in one house each, including loading batteries of electrocars and electrobikes at night. Such free energy plants produce 100% every day without producing any CO².

This machines could also being used for military reason in nearly every environment, would be transportable and autonom. No power lines would be needed. This plants could be placed in al crucial institutions. So why the governments don’t use them?

Argentina is under US pressure to control patagonian region

A day after the Senate approved the proposed debt exchange as a way to circumvent U.S. court rulings Argentina government diskusses swapping global Argentine bonds for paper governed by local law. After a New York court had ruled that Argentina is prohibited from paying holders of its restructured bonds without also paying the hedge funds $1.3 billion plus interest.

In 2002 bondholders got less than 30 cents on the dollar as Argentina defaulted on about 100 bio $ in bonds, because a small group of hedge funds went to court for full repayment.

Argentina steadfastly refuses to pay the holdouts in full, saying that to do so would open the country to a raft of new lawsuits. Argentina fights against recession and inflation. With the swap Argentina tries to to circumvent the U. S. Court rufling and hold liquidity. „There is obviously willingness among many creditors, or bondholders, to participate in the sovereign debt payment law, in order to get the money that is owed to them,“ cabinet chief Jorge Capitanich told reporters. The debt swap bill, passed by the Senate on Thursday. It will allow holders of 29 bio $ in bonds under foreign law the choice to swap them for papers governed by Argentine or French law.

In need of financing to develop its vast Patagonian shale oil and gas fields, Argentina will be unable to issue fresh international debt until the lawsuits are settled.

With Patagonia shale oil and gas field Argentina is sitting atop of a shale bounty that could transform the outlook for the Western Hemisphere’s supply and secure the South American country’s energy self-sufficiency for decades. And it is in an area where you’ve already got oil industry activity. There are service companies, pipelines and infrastructure, and you have also knowledge of the rocks.

Asked what was the key reason behind the decision of US based Corporation Chevron to increase its investment in Vaca Muerta, Robertson answered: “We like the rock. That’s first and foremost. Drilling costs are coming down and the well results so far were sufficient to warrant additional investment.”

BP, CNOOC, Chevron and Sinopec will start 2017 to drill more than 1500 wells to produce 50,000 barrel/day of crude oil and 3 billion cubicfeet/day of natural, so YPF.

The  Chevron Corporation is operating in Argentina for many years where it produces currently 21,000 barrels of crude oil and 4 million cubic feet of natural gas per day and has signed Heads of Agreement to spent $1.24 billion capital expenditure to explore and develop the shale oil and gas in the Vaca Muerta Basin within the Neuquen Province in Argentina.

This agreement comes at a critical period for Argentina as it should start to import natural gas and refined products although it is recognized to hold ones of the largest reserves in the world for shale oil and gas.

Chevron estimates that 2014 capital and exploratory expenditures will be $39.8 billion, including $4.8 billion of spending by affiliates.

At the same time NML Capital served subpoenas this week to Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) in an effort to obtain information on $6.8 billion in financing for deals signed by the two countries in July.

„We want to understand the mechanics of these credit facilities to establish whether assets to which Argentina has a legal title could surface in jurisdictions where we would be able to attach them,“ a lawyer advising Elliott told.

The subpoenas are aimed at a facility provided by China Development Bank, ICBC and BOC to finance the onstruction of two hydroelectric dams in Argentina’s southern Patagonia region and a loan from China Development Bank and ICBC to finance the Belgrano Cargas railway project.

Both deals were signed by Argentine President Cristina Fernandez and her Chinese counterpart, Xi Jinping, during an official visit of a Chinese delegation to Buenos Aires.