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Showing posts with label Water News; Department of Energy - Gulf Oil Spill updates. Show all posts
Showing posts with label Water News; Department of Energy - Gulf Oil Spill updates. Show all posts

Tuesday, September 7, 2010

Companies Profiting from the Gulf Spill-Wescorp Energy Inc (OTCBB: WSCE), Nalco Holdings (NYSE:NLC), Clean Harbors (NYSE:CLH), Ashland (NYSE:ASH)

Companies Profiting from the Gulf Spill; How Remediation Company Wescorp Energy Inc (OTCBB: WSCE), Nalco Holdings (NYSE:NLC), Clean Harbors (NYSE:CLH), Ashland (NYSE:ASH) and others Play a Role


The oil leak was sealed in late July, but the environmental damage was immense and the clean up is predicted to take years.

September 7, 2010 (Investorideas.com water stocks newswire, www.water-stocks.com ) Investorideas.com and its water investor portal, www.water-stocks.com publish sector commentary from Lisa Springer, CFA, an equity research analyst and financial writer, on public and private companies participating in the Gulf clean up. The oil leak was sealed in late July, but the environmental damage was immense and the clean up is predicted to take years.

Lisa Springer previously published commentary on Wescorp Energy Inc. (OTCBB: WSCE), a clean water solutions and its technology application for the Gulf. (Currently trading as (OTCBB:WSCEE)

Wescorp (OTCBB: WSCE) Preps H20maxx Remediation Technology for Deployment in Gulf Spill Clean Up http://www.investorideas.com/news/renewable-energy/8121.asp

Lisa Springer, CFA

Equity research analyst and financial writer



Companies Profiting from the Gulf Spill

Companies in this article: Wescorp Energy Inc (OTCBB: WSCE), Marine Spill Response Corp. (MSRC), SEACOR Holdings (NYSE:CKH), Nalco Holdings (NYSE:NLC), Ashland (NYSE:ASH), Eastman Chemical (NYSE:EMN) and Arch Chemicals (NYSE:ARJ), Clean Harbors (NYSE:CLH), Waste Management (NYSE:WM), Fluor (NYSE:FLR). Procter & Gamble (NYSE:PG)



The BP Deepwater Horizon oil spill was a disaster for Gulf coast residents, but creates major profit opportunities for well-known remediation companies as well as a few niche players. The oil leak was sealed in late July, but the environmental damage was immense and the clean up is predicted to take years. BP hired hundreds of skimming vessels and thousands of personnel for the clean up and recovered some 30 million barrels of oil, but best estimates are that nearly 150 million gallons of oil remain in the water. Little oil is visible on the surface, but huge plumes of oil, some many miles long, have been detected underwater.

BP has set aside $20 billion for the clean up and hundreds of vendors are queuing up for a piece of the pie. More than 650 vessels and 45,000 people have been involved in the clean up so far.

Much of the work will likely be done by a little-known company created years ago by the oil companies after the Exxon Valdez disaster. In response to Exxon Valdez, the US Congress passed a law that requires oil companies to have spill-response plans and emergency workers ready to deploy. The oil giants satisfied this regulation by formed a jointly-owned entity, Marine Spill Response Corp. (MSRC). Today, MSRC is the largest company in the oil-cleanup business. Its closest competitor, National Response Corp. (NRC), a wholly-owned subsidiary of SEACOR Holdings (NYSE:CKH), has also been retained by BP to assist in the clean up.

Chemical manufacturer Nalco Holdings (NYSE:NLC) is a notable beneficiary of the clean up. BP has purchased over one million gallons of Nalco’s chemical dispersant Corexit to break up oil slicks. Nalco sales of Corexit are approximately $2 million in a typical year, but already exceed $40 million this year.

Ashland (NYSE:ASH), Eastman Chemical (NYSE:EMN) and Arch Chemicals (NYSE:ARJ) also manufacture specialty chemicals and solvents for cleaning oil slicks and may be selling their products to BP as well. Ashland also provides hazardous waste removal services.

Companies supplying ships, crews and equipment for the clean up are prospering. Clean Harbors (NYSE:CLH) provides ships and crews to the Gulf coast and has been hired by government agencies to provide logistics and support services. The company expects to generate $300 million in sales from the Gulf spill next year. Waste Management (NYSE:WM) has been hired to cart away and landfill contaminated sand and oily waste. Construction giant Fluor (NYSE:FLR) is supplying workers to clean up tar on Alabama and Florida beaches. Fluor has hired 3,600 workers in the Gulf so far with another 1,700 hires planned.

Manufacturers of boom used to collect floating oil are filling record orders. Over 1.25 million feet of containment boom and 440,000 feet of absorbent boom have been deployed and double that amount of containment boom is on order from Gulf coast suppliers. Applied Fabric Technologies received so many orders for boom after the spill that it asked past customers to return unused product. Slickbar Products, a division of Finland-based Lamor, is operating its Connecticut boom plant flat out and making more boom in one month than it typically makes in a year.

Procter & Gamble (NYSE:PG) delivered 2,000 bottles of Dawn dishwashing detergent to the Gulf to clean up wildlife covered with oil. The impact on its bottom line is minimal, but the brand-building benefit is huge.

.Actor Kevin Costner’s company Ocean Therapy Solutions demonstrated its centrifuge technology for separating water from oil to BP executives ten years ago, but just now received BP’s approval to field test the technology. According to management, BP has purchased 32 of its centrifuges.

Wescorp Energy (OTCBB: WSCE) owns a remediation technology, H20maxx, which has already been field tested in Western Canada’s oil fields. Wescorp is partnering with Cancen Oil Canada Corporation to commercially deploy this technology. H20maxx uses a patented nano-bubble aeration process to separate oil from the water and clean oil-contaminated water to levels exceeding EPA standards. The process is environmentally benign and Wescorp equipment is able to process large volumes of contaminated water rapidly and immediately discharge the treated water back into the sea.

Wescorp talked with clean up contractors and government agencies about the challenges they were encountering in the Gulf and, in response to their feedback, is constructing a large capacity H20maxx unit capable of processing 10,000 barrels of contaminated seawater per day. The company will accept delivery of the new unit this September and plans to deploy it in the Gulf for on-site demonstration and testing.

Wescorp has also designed a high volume, skip mounted unit capable of processing 28 million gallons of contaminated seawater per day. The unit operates both on land and sea and is being marketed to marine and emergency response customers.

Additional article on WSCE Gulf Technology: Wescorp (OTCBB: WSCE) Preps H20maxx Remediation Technology for Deployment in Gulf Spill Clean Up http://www.investorideas.com/news/renewable-energy/8121.asp

Lisa Springer, CFABio and disclaimer: http://www.investorideas.com/About/Lisa-Springer-CFA/

The author, Lisa Springer, was compensated for writing this article and doesn't own shares of any of the companies mentioned in this article.

About Wescorp (OTCBB: WSCE)- currently trading as (OTCBB:WSCEE)

Wescorp Energy Inc. (www.wescorpenergy.com) is clean water Solutions Company focused on implementing its superior yet low cost solutions into the oil and gas production industry.

Investors can view the full company profile at http://www.investorideas.com/CO/WSCE/

or visit the company website at http://www.wescorpenergy.com/

Investors can research more water stocks with the global water stocks directory at Investorideas.com.

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Disclosure/disclaimer -Wescorp (OTCBB: WSCE is a paid advertising showcase stock by a third party; 2500 per month plus 100, 00 stock options at .25) Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies MSEX, news submissions and online advertising. Compensation Disclosure and disclaimers: www.InvestorIdeas.com/About/Disclaimer.asp, http://www.investorideas.com/About/News/Clientspecifics.asp



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Saturday, June 19, 2010

Water News; Department of Energy - Gulf Oil Spill updates

Water News; - Department of Energy - Gulf Oil Spill updates  can be found at
http://www.energy.gov/open/oil_spill_updates.htm
energy.gov/oilspilldata
( http://www.investorideas.com/ water stocks blog )
At the request of the President, Secretary Chu assembled a scientific team of top scientists and has made three trips to Houston, monitoring the progress of BP's effort to contain the leak and helping to design the strategies for moving forward. When not in Houston, the Secretary and his team of scientists have been receiving regular updates from BP officials and asking questions to ensure that all options are considered. The team consists of the following scientific experts:

•Dr. Tom Hunter, Director of the Department of Energy's Sandia National Labs

•Dr. George A. Cooper, an expert in materials science and retired professor from UC Berkeley

•Richard Lawrence Garwin, a physicist and IBM Fellow Emeritus

•Dr. Alexander H. Slocum, professor of mechanical engineering at MIT

Secretary Chu is on the phone with his science team a minimum of 1-2 times a day, 7 days a week, and the calls frequently last 90 minutes or more. Secretary Chu and members of his team also have a dialogue with BP executives each morning.

•At the direction of the President, this week Secretary Salazar and Secretary Chu convened a meeting with oil industry executives to review BP's updated containment plans and identify additional resources that could be brought to bear to build upon what is already the largest cleanup effort in the nation's history. While the companies have already offered and provided expertise and resources, the meeting was an opportunity to update those efforts based on the expanded and accelerated containment plan that the government recently directed BP to develop.

•We have urged BP to use the choke and kill lines to collect oil from the BOP. These lines are designed to pump mud into the BOP and are not used to produce oil under normal circumstances. BP had discounted that option initially but were pushed by us to look at it again, and decided after the choke/kill attempt that it would work. Since only one ship can be connected to the riser that is connected to the top hat, BP has connected the choke line to another ship on site. That line is now available, allowing another 5,000 - 10,000 BPD to be produced in addition to the 18,000 BPD that can be collected by the Enterprise from the top hat.

•The team insisted that BP bring in additional ships so they will have the capacity to collect more oil from the BOP, and we have examined the configurations of lines they are using to optimize the amount of oil that can be collected. A ship currently leased by Chevron has been reconfigured so it can also receive oil from the choke and kill configuration. It will be able to produce an additional 10,000 BPD.

•Our science team has designed a new more permanent cap with BP that can replace the top hat and allow a permanent production riser to be attached to the BOP. This could have a capacity to collect the entire flow of the well up the main riser.

•Due to our suggestion, BP used high energy gamma rays to image parts of the internal state of the BOP. Lab personnel have independently analyzed the 2D gamma ray images. That imaging is crucial in helping understand what is happening inside the BOP and informing the approach moving forward. For example, it told engineers which valves and rams inside the BOP were closed and which were open, and it showed that a piece of drill pipe was stuck inside the BOP. Trying to determine what was wrong with the BOP without this information is akin to determining why your car has stopped running if you have no working gauges and can't open the hood.

•They strongly encouraged BP to collect additional pressure measurements, which were very valuable in interpreting the behavior of the well and BOP after each top kill and/or junk shot attempt, and ultimately those measurements helped the government and BP determine that the top kill was not going to work and that it was time to move on. The measurements also showed that the top kill attempts did not significantly erode the BOP.

•During the top kill attempts, the team suggested rechecking all of the hydraulics on the BOP, which BP did. As a result, one of the pipe ram valves closed more tightly and provided more resistance to the flow.

•The team conducted an extensive suite of structural analyses to assess the stability of the riser system in support of the choke and kill series.

•The team conducted an independent set of analyses to explain the oil and mud flow during the choke and kill series. This provided an understanding of the operational limits of the containment system going forward.

•The Secretary asked for and received detailed briefings from BP on the work to drill the relief wells that will ultimately kill the well. The team continues to monitor progress and evaluate the effectiveness as this proceeds to ensure that BP is on track to stop the leak.

•Team members have suggested design improvements for the top hats to achieve a tighter seal and capture more of the oil. Some of these modifications may be incorporated into additional top hats in construction if they are needed.

•The team insisted that BP add a device to measure pressure in the top hat so that a more accurate flow estimate can be obtained.

•BP has asked the scientific team to develop additional backup and contingency plans. For example, they have asked the team to propose ways of storing some of the oil captured from the well undersea in the event that an approaching hurricane forced the drillship Enterprise (which is collecting the oil from the top hat) to leave the scene.

As part of the Obama Administration's ongoing commitment to transparency surrounding the response to the BP oil spill, the Department of Energy is providing online access to schematics, pressure tests, diagnostic results and other data about the malfunctioning blowout preventer. The information is posted at energy.gov/oilspilldata, which is updated regularly with additional data.



You can find out more about what steps DOE is taking to help stem the impact of this spill and cap the flow of oil by reading our fact sheet. We also provide updates through Energy Assurance Daily on impacts to energy infrastructure from events of national significance, including the BP oil spill.
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