What does this have to do with St. Louis?arch city wrote:Devon continues to gut most Houston operations.
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Devon Energy to cut 20 more positions in Houston
Houston Business Journal by Olivia Pulsinelli, Web producer
Date: Tuesday, January 8, 2013, 12:32pm CST
Devon Energy Corp. (NYSE: DVN) has updated the initial plans for its Houston job cuts and has boosted the number of positions affected.
In November, Devon said it expected to terminate 53 positions during the two-week period beginning on Dec. 31, 2012, after the company in October said it is closing its Houston office at 1200 Smith St. as part of a consolidation plan.
Did you not read the postings that preceded that posting?rawest1 wrote:What does this have to do with St. Louis?
What does this Southern Illinois fracking rush mean for St. Louis? Could the shale gas rush be a boon for nearby St. Louis - especially with gas players such as CIC Group, LaClede Group, and major fracking sand mines and companies in the metro area?
Are St. Louis and the Metro East planning to capitalize?
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Southern Illinois counties seeing first of fracking rush
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ST. LOUIS • Blessed with natural resources but never enough jobs, southern Illinois counties have begun sampling the fruits of a land rush linked to a debated drilling practice that speculators believe can tap elusive oil and natural gas thousands of feet underground.
Hundreds of thousands of dollars in fees have flowed into county coffers from a stream of "land men," often out-of-staters who converged in recent years to scour title records for prime parcels for exploration. County clerks funneled much of that windfall into digitizing bulky, age-yellowed record books that took a toll from all the frenzied searches.
A coffee shop owner credits the visitors with saving her business in Wayne County's tiny Fairfield. The county's finance board leader says he's seen more locals sporting new vehicles and spending more on items at auctions, thanks to land deals tied to the drilling push.
Read More
Are St. Louis and the Metro East planning to capitalize?
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Southern Illinois counties seeing first of fracking rush
ST. LOUIS • Blessed with natural resources but never enough jobs, southern Illinois counties have begun sampling the fruits of a land rush linked to a debated drilling practice that speculators believe can tap elusive oil and natural gas thousands of feet underground.
Hundreds of thousands of dollars in fees have flowed into county coffers from a stream of "land men," often out-of-staters who converged in recent years to scour title records for prime parcels for exploration. County clerks funneled much of that windfall into digitizing bulky, age-yellowed record books that took a toll from all the frenzied searches.
A coffee shop owner credits the visitors with saving her business in Wayne County's tiny Fairfield. The county's finance board leader says he's seen more locals sporting new vehicles and spending more on items at auctions, thanks to land deals tied to the drilling push.
Read More
Mar 26, 2013, 6:51am CDT UPDATED: Mar 26, 2013, 7:15am CDT
Missouri mining groups keep eye on Illinois fracking bill
St. Louis Business Journal
A bill under consideration by the Illinois Legislature could boost demand for Missouri companies that mine silica sand.
Silica sand is a key component in hydraulic fracturing, or fracking. Illinois' fracking bill would impose some of the nation's strictest regulations on the process, which is banned in several states, the Jefferson City News Tribune reports. Supporters of fracking claim it drives down prices by making drilling possible in unconventional areas.
The St. Louis region is home to several silica sand operations. St. Louis-based Mississippi Sand LLC operates a mine near Festus. Unimin Corp. of Connecticut has a mine in Pevely, and Maryland-based U.S. Silica Holdings Inc. operates a mine in Pacific. In addition, Texas-based FTS International has a mine in Perryville.
Missouri mining groups keep eye on Illinois fracking bill
St. Louis Business Journal
A bill under consideration by the Illinois Legislature could boost demand for Missouri companies that mine silica sand.
Silica sand is a key component in hydraulic fracturing, or fracking. Illinois' fracking bill would impose some of the nation's strictest regulations on the process, which is banned in several states, the Jefferson City News Tribune reports. Supporters of fracking claim it drives down prices by making drilling possible in unconventional areas.
The St. Louis region is home to several silica sand operations. St. Louis-based Mississippi Sand LLC operates a mine near Festus. Unimin Corp. of Connecticut has a mine in Pevely, and Maryland-based U.S. Silica Holdings Inc. operates a mine in Pacific. In addition, Texas-based FTS International has a mine in Perryville.
Apr 8, 2013, 2:55pm CDT
Ameren, Westinghouse to try again for nuclear-reactor funding
Greta Weiderman
Web Editor-
St. Louis Business Journal
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Westinghouse Electric and Ameren Missouri plan to again team up to compete for a second round of federal funding for the development of small modular nuclear reactors.
Officials with Pittsburgh-based Westinghouse said Monday the company sent a letter of intent to the U.S. Department of Energy. The letter puts the Westinghouse SMR, a 225-megawatt integral pressurized water reactor based on the AP1000 design, in the running for the funding.
Ameren Missouri and Westinghouse, based in Cranberry Township, Pa., near Pittsburgh, lost out on an initial Department of Energy grant for the first round of funding.
In this second bid for the funding, the team again said Ameren Missouri would host the reactor at its Callaway Energy Center after Nuclear Regulatory Commission approval of the design.
Read More
Ameren, Westinghouse to try again for nuclear-reactor funding
Greta Weiderman
Web Editor-
St. Louis Business Journal
Westinghouse Electric and Ameren Missouri plan to again team up to compete for a second round of federal funding for the development of small modular nuclear reactors.
Officials with Pittsburgh-based Westinghouse said Monday the company sent a letter of intent to the U.S. Department of Energy. The letter puts the Westinghouse SMR, a 225-megawatt integral pressurized water reactor based on the AP1000 design, in the running for the funding.
Ameren Missouri and Westinghouse, based in Cranberry Township, Pa., near Pittsburgh, lost out on an initial Department of Energy grant for the first round of funding.
In this second bid for the funding, the team again said Ameren Missouri would host the reactor at its Callaway Energy Center after Nuclear Regulatory Commission approval of the design.
Read More
Just found out that CG Power Solutions, USA headquarters are based in Washington, Mo. It is home to the Power Transformer Division, Distribution Transformer Division and Power Transformers - Sales Office. The Mumbai, India-based parent company opened the St. Louis-area location in 2011. CG Powers Solutions, USA manufactures large electrical transformers.
Washington, Mo is in Franklin County and is about 30-minutes from Chesterfield.
The company is based in a brand new business park that it shares with Valent Aerostructures, which is a subsidiary of St. Charles-based LMI Aerospace.
CG Power Systems recently expanded and added 255 jobs in Washington.
Still doing research. Thanks again, gone corporate.
I've rounded up more energy assets. A lot of surprises here. I can't figure out why St. Louis, with assets like these, haven't been able to capitalize on the U.S. energy boom by landing more energy jobs. St. Louis.....it's time to sell yourself in energy.
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Marathon Pipe Line, LLC has offices in Wood River, Illinois and Patoka, Illinois. Link #1 and Link #2
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Houston-based Kinder Morgan operates a transmix facility in South St. Louis, a terminal in Cahokia and the Kinder Morgan-Sarpy Railport in the industrial valley. Link #1, Link #2 and Link #3
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I have found out that BP still has a small regional terminal (25-50 employees) in Wood River, Illinois. I thought they had closed down completely in Wood River. Although BP (formerly Amoco) is doing remediation in Wood River, a sliver of the campus is still open. Link
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Tulsa-based NGL Energy Partners, LP has rights to the Wood River Blue Line pipeline and has a propane terminal in East St. Louis. Link
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Also, Houston-based Buckeye Partners, LP has a pipeline that goes from Wood River and connects to pipelines that extend to Chicago and New York City. Its Wood River Pipe Lines, LLC is based in Wood River. Link #1, Link #2 and Link #3
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See larger map.
I've rounded up more energy assets. A lot of surprises here. I can't figure out why St. Louis, with assets like these, haven't been able to capitalize on the U.S. energy boom by landing more energy jobs. St. Louis.....it's time to sell yourself in energy.
Marathon Pipe Line, LLC has offices in Wood River, Illinois and Patoka, Illinois. Link #1 and Link #2
Houston-based Kinder Morgan operates a transmix facility in South St. Louis, a terminal in Cahokia and the Kinder Morgan-Sarpy Railport in the industrial valley. Link #1, Link #2 and Link #3
I have found out that BP still has a small regional terminal (25-50 employees) in Wood River, Illinois. I thought they had closed down completely in Wood River. Although BP (formerly Amoco) is doing remediation in Wood River, a sliver of the campus is still open. Link
Tulsa-based NGL Energy Partners, LP has rights to the Wood River Blue Line pipeline and has a propane terminal in East St. Louis. Link
Also, Houston-based Buckeye Partners, LP has a pipeline that goes from Wood River and connects to pipelines that extend to Chicago and New York City. Its Wood River Pipe Lines, LLC is based in Wood River. Link #1, Link #2 and Link #3
See larger map.
The growing list of non-local national and international energy firms with operations in metro St. Louis MO-IL.
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Another St. Louis (Kirkwood)-based energy start-up.
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Apr 10, 2013, 12:13pm CDT
Innovative Energy CEO raises $2.8 million for new venture
Amir Kurtovic
Reporter- St. Louis Business Journal
Glenn Foy, the CEO of Kirkwood-based alternative energy company Innovative Energy, has raised more than $2 million in the latest private equity offering for a new company called Innerpoint Energy Corp.
Foy is listed as executive officer of the company, which also lists Innovative Energy board member Dennis Moore as a director.
The fundraising round for Innerpoint Energy started March 22 and attracted $2.05 million from two investors, according to documents filed with the Securities and Exchange Commission.
The type of securities offered in the round included equity and Series B preferred stock, according to the SEC documents.
Read More
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Apr 10, 2013, 12:13pm CDT
Innovative Energy CEO raises $2.8 million for new venture
Amir Kurtovic
Reporter- St. Louis Business Journal
Glenn Foy, the CEO of Kirkwood-based alternative energy company Innovative Energy, has raised more than $2 million in the latest private equity offering for a new company called Innerpoint Energy Corp.
Foy is listed as executive officer of the company, which also lists Innovative Energy board member Dennis Moore as a director.
The fundraising round for Innerpoint Energy started March 22 and attracted $2.05 million from two investors, according to documents filed with the Securities and Exchange Commission.
The type of securities offered in the round included equity and Series B preferred stock, according to the SEC documents.
Read More
The planned tour, which is a part of the convention, hopefully will inspire some new investments in St. Louis and relocations of companies to St. Louis.
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FEW: 'Where Producers Meet'
More than 2,000 people will gather in St. Louis for the 29th Annual International Fuel Ethanol Workshop & Expo.
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St. Louis introduced the world to the first cast-iron dome, the first skyscraper and launched the historic Lewis and Clark expedition. With a rich history of innovation and discovery, it is little wonder that the 29th Annual International Fuel Ethanol Workshop & Expo will make its home in St. Louis.
More than 2,000 industry professionals are expected to attend the FEW, which will be headquartered at the America’s Center in downtown St. Louis June 10-13. Nearly one-fourth of the attendees will be ethanol producers, who, last year, represented 87 percent of U.S. production capacity. All seven Canadian provinces were represented along with 41 U.S. states and 33 countries.
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“As the international ethanol industry’s leading production-oriented event, the FEW truly lives up to its mantra, ‘Where Producers Meet,’” says Tom Bryan, president of BBI International and editor-in-chief of Ethanol Producer Magazine. “Plant employees, managers and board members attend the FEW because it’s built around their needs. The agenda is rich with content aimed at helping them run their facilities more efficiently and more profitably, and the expo is full of industry service providers and equipment manufacturers eager to talk to plant personnel about new technology and solutions.”
Tour Highlights
The FEW goes beyond the expo and workshops to include networking opportunities during golfing and a newly-expanded-to-two-day offering of industry tours. The golf outing at the Gateway National Golf Links requires preregistration. On the first day of the conference attendees will have the chance to see the state-of-the-art Bunge-SCF Grain Elevator on the Mississippi River in Fairmont City, Ill. The terminal can handle approximately 300 truck deliveries per day and boasts 1 million bushels of grain storage capacity. That afternoon, the tour buses will cross the river to Monsanto’s campus at Chesterfield, Mo., where participants will learn about the breadth of the company’s work from seed genetics to the entomology of a corn field.
Tour participants on the final day of the FEW will be joining in a celebration of 10 years of research at the National Corn-to-Ethanol Research Center on the Southern Illinois University campus in Edwardsville, Ill. Over its decade in existence, nearly 50 different technologies now found in the ethanol industry have passed through the facility. NCERC is lining up a special program with speakers from the National Corn Growers Association, the American Coalition for Ethanol, Renewable Fuels Association and others. Additionally, the tour will feature the center’s analytical and fermentation labs, the pilot-scale ethanol plant on site and will include a look at two feedstock programs and a mini-exposition showcasing the latest equipment in corn production.
Read More
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FEW: 'Where Producers Meet'
More than 2,000 people will gather in St. Louis for the 29th Annual International Fuel Ethanol Workshop & Expo.
St. Louis introduced the world to the first cast-iron dome, the first skyscraper and launched the historic Lewis and Clark expedition. With a rich history of innovation and discovery, it is little wonder that the 29th Annual International Fuel Ethanol Workshop & Expo will make its home in St. Louis.
More than 2,000 industry professionals are expected to attend the FEW, which will be headquartered at the America’s Center in downtown St. Louis June 10-13. Nearly one-fourth of the attendees will be ethanol producers, who, last year, represented 87 percent of U.S. production capacity. All seven Canadian provinces were represented along with 41 U.S. states and 33 countries.
“As the international ethanol industry’s leading production-oriented event, the FEW truly lives up to its mantra, ‘Where Producers Meet,’” says Tom Bryan, president of BBI International and editor-in-chief of Ethanol Producer Magazine. “Plant employees, managers and board members attend the FEW because it’s built around their needs. The agenda is rich with content aimed at helping them run their facilities more efficiently and more profitably, and the expo is full of industry service providers and equipment manufacturers eager to talk to plant personnel about new technology and solutions.”
Tour Highlights
The FEW goes beyond the expo and workshops to include networking opportunities during golfing and a newly-expanded-to-two-day offering of industry tours. The golf outing at the Gateway National Golf Links requires preregistration. On the first day of the conference attendees will have the chance to see the state-of-the-art Bunge-SCF Grain Elevator on the Mississippi River in Fairmont City, Ill. The terminal can handle approximately 300 truck deliveries per day and boasts 1 million bushels of grain storage capacity. That afternoon, the tour buses will cross the river to Monsanto’s campus at Chesterfield, Mo., where participants will learn about the breadth of the company’s work from seed genetics to the entomology of a corn field.
Tour participants on the final day of the FEW will be joining in a celebration of 10 years of research at the National Corn-to-Ethanol Research Center on the Southern Illinois University campus in Edwardsville, Ill. Over its decade in existence, nearly 50 different technologies now found in the ethanol industry have passed through the facility. NCERC is lining up a special program with speakers from the National Corn Growers Association, the American Coalition for Ethanol, Renewable Fuels Association and others. Additionally, the tour will feature the center’s analytical and fermentation labs, the pilot-scale ethanol plant on site and will include a look at two feedstock programs and a mini-exposition showcasing the latest equipment in corn production.
Read More
Apr 19, 2013, 4:42pm CDT UPDATED: Apr 22, 2013, 7:35am CDT
Apex Oil unit buys Jacksonville, Fla., terminal for $21 million
Greta Weiderman
Reporter-
St. Louis Business Journal
Center Point Terminal Co., a subsidiary of Apex Oil Co. Inc., has acquired a 26-acre riverfront oil terminal in Jacksonville, Fla., for $20.8 million.
Center Point Terminal Co. bought the property from Chevron USA Inc. (NYSE: CVX), according to a Duval County deed recorded Tuesday, the Jacksonville Business Journal reports.
It will use the land, which is adjacent to property it already owns, to expand its existing Jacksonville operations and operate the land as one terminal, the paper reports.
“We share the property line and a dock,” Steve Twele, Center Point’s chief financial officer, told the Jacksonville Business Journal. “When Chevron offered the property for sale, it was a natural for us to purchase it.”
Center Point owns and operates the terminal, tanks and dock on the property. Customers bring petroleum products in and then ship them out via trucks to local retail fuel stations, Twele said.
St. Louis-based Apex Oil, led by Chairman and CEO Tony Novelly, had estimated revenue of $4.39 billion in 2012.
Read More
Apex Oil unit buys Jacksonville, Fla., terminal for $21 million
Greta Weiderman
Reporter-
St. Louis Business Journal
Center Point Terminal Co., a subsidiary of Apex Oil Co. Inc., has acquired a 26-acre riverfront oil terminal in Jacksonville, Fla., for $20.8 million.
Center Point Terminal Co. bought the property from Chevron USA Inc. (NYSE: CVX), according to a Duval County deed recorded Tuesday, the Jacksonville Business Journal reports.
It will use the land, which is adjacent to property it already owns, to expand its existing Jacksonville operations and operate the land as one terminal, the paper reports.
“We share the property line and a dock,” Steve Twele, Center Point’s chief financial officer, told the Jacksonville Business Journal. “When Chevron offered the property for sale, it was a natural for us to purchase it.”
Center Point owns and operates the terminal, tanks and dock on the property. Customers bring petroleum products in and then ship them out via trucks to local retail fuel stations, Twele said.
St. Louis-based Apex Oil, led by Chairman and CEO Tony Novelly, had estimated revenue of $4.39 billion in 2012.
Read More
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Not to be a bummer here, but here's where we're maybe slipping...
STLtoday.com: Missouri Lags Neighbors in Wind Production
Source: http://www.stltoday.com/business/local/ ... 89765.html
To play the advocate, I see MO's energy foundation rooted in coal, both for our own production and for our largest energy companies, which indeed are clustered in STL, one of the strongest coal company clusters in the US. Plus, I see Ameren's primary focus for long-term growth rooted in the smaller nuclear generators at Calloway, which may produce a stronger production of energy as well as stronger returns on investments, as well as creating a hub for new nuclear technologies. With that focus, wind got the short end of the stick. And compared to IL's finances, I'm glad MO didn't just go build-crazy and run us into a cavern of debt.
Same time, the group Wind Coalition ranks MO as having the 13th best potential nationally to produce wind-generated energy. That's worth some consideration across the entire state (i.e. let's not go blaming Ameren for all of MO).
Could MO see a better ROI from investments in wind-generated energy, when compared to existing energy generation?
STLtoday.com: Missouri Lags Neighbors in Wind Production
Source: http://www.stltoday.com/business/local/ ... 89765.html
To play the advocate, I see MO's energy foundation rooted in coal, both for our own production and for our largest energy companies, which indeed are clustered in STL, one of the strongest coal company clusters in the US. Plus, I see Ameren's primary focus for long-term growth rooted in the smaller nuclear generators at Calloway, which may produce a stronger production of energy as well as stronger returns on investments, as well as creating a hub for new nuclear technologies. With that focus, wind got the short end of the stick. And compared to IL's finances, I'm glad MO didn't just go build-crazy and run us into a cavern of debt.
Same time, the group Wind Coalition ranks MO as having the 13th best potential nationally to produce wind-generated energy. That's worth some consideration across the entire state (i.e. let's not go blaming Ameren for all of MO).
Could MO see a better ROI from investments in wind-generated energy, when compared to existing energy generation?
Important because MEMC is about to change its name to SunEdison.
Foxconn will make solar panels for MEMC in Mexico
April 23, 2013 10:07 am • From Staff and Wire Reports
MEMC Electronic Materials is turning to Foxconn Technology Group to make solar panels in Mexico.
Foxconn's Fox Energy unit will make the panels for MEMC's SunEdison unit at a plant in Juarez, MEMC announced today in a statement.
SunEdison has developed 989 megawatts of solar farms and has 2.6 gigawatts of projects under development, MEMC says.
MEMC is the biggest U.S. maker of polysilicon after Hemlock Semiconductor Corp.
Read More
Foxconn will make solar panels for MEMC in Mexico
April 23, 2013 10:07 am • From Staff and Wire Reports
MEMC Electronic Materials is turning to Foxconn Technology Group to make solar panels in Mexico.
Foxconn's Fox Energy unit will make the panels for MEMC's SunEdison unit at a plant in Juarez, MEMC announced today in a statement.
SunEdison has developed 989 megawatts of solar farms and has 2.6 gigawatts of projects under development, MEMC says.
MEMC is the biggest U.S. maker of polysilicon after Hemlock Semiconductor Corp.
Read More
Peabody Energy outlook 'positive,' Boyce tells shareholders
13 hours ago • Associated Press
GILLETTE, Wyo. • St. Louis-based Peabody Energy said Monday all 10 nominated members of its board of directors were re-elected at the company's annual meeting of shareholders.
Re-elected to one-year terms are: Gregory H. Boyce, chairman and CEO of Peabody Energy; William A. Coley, former CEO and director of British Energy Group PLC; William E. James, managing general partner of RockPort Capital Partners LLC; Robert B. Karn III, former managing partner with Arthur Andersen Financial & Consulting in St. Louis; Henry E. Lentz, former Managing Director of Lazard Freres & Co. LLC; Robert A. Malone, former executive vice president of BP plc and former chairman and president of BP America Inc.; William C. Rusnack, former president and CEO of Premcor Inc.; John F. Turner, former U.S. Assistant Secretary of State for Oceans and International Environmental and Scientific Affairs; Sandra A. Van Trease, group president of BJC Healthcare; and Alan H. Washkowitz, former managing director of Lehman Brothers Inc.
Boyce told shareholders that Peabody has concluded its "safest year" in its corporate history while achieving record revenues.
"Our outlook for 2013 is positive," he said in prepared remarks. "We expect U.S. coal demand to grow by 60 to 80 million tons over 2012 levels. Chinese and Indian cola imports are rising. Chinese steel production is growing, and new coal generation is being developed around the globe. We benefit from an outstnading thermal and metallurgical coal portfolio, and our diversity of supply and depth of market intelligence allow us to manage well through all markets."
Read More
13 hours ago • Associated Press
GILLETTE, Wyo. • St. Louis-based Peabody Energy said Monday all 10 nominated members of its board of directors were re-elected at the company's annual meeting of shareholders.
Re-elected to one-year terms are: Gregory H. Boyce, chairman and CEO of Peabody Energy; William A. Coley, former CEO and director of British Energy Group PLC; William E. James, managing general partner of RockPort Capital Partners LLC; Robert B. Karn III, former managing partner with Arthur Andersen Financial & Consulting in St. Louis; Henry E. Lentz, former Managing Director of Lazard Freres & Co. LLC; Robert A. Malone, former executive vice president of BP plc and former chairman and president of BP America Inc.; William C. Rusnack, former president and CEO of Premcor Inc.; John F. Turner, former U.S. Assistant Secretary of State for Oceans and International Environmental and Scientific Affairs; Sandra A. Van Trease, group president of BJC Healthcare; and Alan H. Washkowitz, former managing director of Lehman Brothers Inc.
Boyce told shareholders that Peabody has concluded its "safest year" in its corporate history while achieving record revenues.
"Our outlook for 2013 is positive," he said in prepared remarks. "We expect U.S. coal demand to grow by 60 to 80 million tons over 2012 levels. Chinese and Indian cola imports are rising. Chinese steel production is growing, and new coal generation is being developed around the globe. We benefit from an outstnading thermal and metallurgical coal portfolio, and our diversity of supply and depth of market intelligence allow us to manage well through all markets."
Read More
May 2, 2013, 10:00am CDT
$2B wind power transmission project promises 5,000 construction jobs
Paul Koepp
Reporter-
Kansas City Business Journal
Wanted: Kansas and Missouri businesses to help build a $2 billion wind power transmission line.
The project is expected to create 5,000 construction jobs when work begins in 2016 and 500 operational jobs after it starts operation in 2018.
Clean Line Energy Partners LLC, the Houston-based company developing the Grain Belt Express Clean Line to export more than 3,500 megawatts of wind energy from Western Kansas, will hold open houses in Missouri in the summer to look for construction partners.
Clean Line updated the Missouri Public Service Commission on Wednesday on its progress in obtaining approvals for the project. It has public utility status in Kansas and will make a similar filing in Missouri this summer. Meanwhile, it will unveil its proposed route in Kansas this summer and hold public meetings to plan out a path in Missouri.
Clean Line spokesman Mark Lawlor said the route will be closer to St. Joseph than to the Kansas City metro area. The long-haul direct current line will have a much narrower footprint than typical alternating current lines. It will start near Dodge City and run mostly northeast toward St. Joseph
Source
$2B wind power transmission project promises 5,000 construction jobs
Paul Koepp
Reporter-
Kansas City Business Journal
Wanted: Kansas and Missouri businesses to help build a $2 billion wind power transmission line.
The project is expected to create 5,000 construction jobs when work begins in 2016 and 500 operational jobs after it starts operation in 2018.
Clean Line Energy Partners LLC, the Houston-based company developing the Grain Belt Express Clean Line to export more than 3,500 megawatts of wind energy from Western Kansas, will hold open houses in Missouri in the summer to look for construction partners.
Clean Line updated the Missouri Public Service Commission on Wednesday on its progress in obtaining approvals for the project. It has public utility status in Kansas and will make a similar filing in Missouri this summer. Meanwhile, it will unveil its proposed route in Kansas this summer and hold public meetings to plan out a path in Missouri.
Clean Line spokesman Mark Lawlor said the route will be closer to St. Joseph than to the Kansas City metro area. The long-haul direct current line will have a much narrower footprint than typical alternating current lines. It will start near Dodge City and run mostly northeast toward St. Joseph
Source
Grain Belt Express Clean Line media:
Grain Belt Express Clean Line: Official website
Grain Belt Express Clean Line: Facebook
Grain Belt Express Clean Line: Official website
Grain Belt Express Clean Line: Facebook
Houston steals another corporate energy headquarters from the Kansas City-area. However, at least K.C. will have a local "executive office" of the combined firm. See current Inergy headquarters on Google Streetview here.
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May 6, 2013, 7:41am CDT Updated: May 6, 2013, 10:07am CDT
Houston company will buy control of Inergy, form $7B operation
A Houston-based energy company has agreed to buy Inergy LP as part of a deal that will create a $7.3 billion business, the companies announced on Monday.
Crestwood Midstream Partners LP and Crestwood Holdings LLC have signed an agreement with Kansas City-based Inergy to combine operations. As a result of the deal, the merged company will be based in Houston and maintain executive offices in Kansas City and Fort Worth, Texas.
Crestwood CEO Robert Phillips will be CEO of the combined company. Inergy CEO John Sherman and President R. Brooks Sherman will not have day-to-day management roles, though John Sherman will serve on the board of two entities in the new company.
The rest of the management will come from combining the two companies, with all key executives expected to remain in place.
The combination will create a fully integrated midstream provider, a "formidable competitor across the midstream value chain," John Sherman said in an investor call. The deal creates size and scale from a business and a geographical perspective, he said.
Robert Phillips called the merger “truly a transformational deal for both firms.” It makes the combined company a major shale player in every shale play across the United States, he said.
This is an industry where size matters, Phillips said. Inergy and Crestwood have been pursuing complementary strategies, and both will continue to do what they have done well the past few years, he said.
The deal creates a fully integrated midstream service provider that can offer services up and down the value chain, combining fundamental energy supply with fundamental energy demand, Phillips said. The deal will link Crestwood’s gathering of energy with Inergy’s downstream storage and services.
Read More
May 6, 2013, 7:41am CDT Updated: May 6, 2013, 10:07am CDT
Houston company will buy control of Inergy, form $7B operation
A Houston-based energy company has agreed to buy Inergy LP as part of a deal that will create a $7.3 billion business, the companies announced on Monday.
Crestwood Midstream Partners LP and Crestwood Holdings LLC have signed an agreement with Kansas City-based Inergy to combine operations. As a result of the deal, the merged company will be based in Houston and maintain executive offices in Kansas City and Fort Worth, Texas.
Crestwood CEO Robert Phillips will be CEO of the combined company. Inergy CEO John Sherman and President R. Brooks Sherman will not have day-to-day management roles, though John Sherman will serve on the board of two entities in the new company.
The rest of the management will come from combining the two companies, with all key executives expected to remain in place.
The combination will create a fully integrated midstream provider, a "formidable competitor across the midstream value chain," John Sherman said in an investor call. The deal creates size and scale from a business and a geographical perspective, he said.
Robert Phillips called the merger “truly a transformational deal for both firms.” It makes the combined company a major shale player in every shale play across the United States, he said.
This is an industry where size matters, Phillips said. Inergy and Crestwood have been pursuing complementary strategies, and both will continue to do what they have done well the past few years, he said.
The deal creates a fully integrated midstream service provider that can offer services up and down the value chain, combining fundamental energy supply with fundamental energy demand, Phillips said. The deal will link Crestwood’s gathering of energy with Inergy’s downstream storage and services.
Read More
Emerson continues to invest a lot in Houston. I wonder when will Emerson expand operations in St. Louis again?
May 8, 2013, 3:00pm CDT
Emerson to expand Houston operations, again, with $9.5M investment
Molly Ryan
Reporter-
Houston Business Journal
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A rendering of Emerson Process Management's new valve automation American headquarters.
Emerson Process Management is once again expanding its Houston operations with a new $9.5 million investment.
Earlier this week during the Offshore Technology Conference, I spoke with Larry Irving, vice president of Emerson Process Management’s oil and gas industry division, and he told me that the company planned to continue growing in Houston for the foreseeable future. He didn’t get into specifics, but he pointed out that the oil and gas industry division has a large backlog of projects.
“It’s a situation of growth and accelerated growth,” he said.
The newly announced investment supports that statement.
Emerson Process Management is the process automation technologies branch of St. Louis-based Emerson Electric Co. (NYSE: EMR). About 40 percent of Emerson Process Management’s sales come from the oil and gas industry, so it makes sense for the company to have a large Houston presence.
This week, Emerson opened its valve automation American headquarters — a $30 million manufacturing and office space in northwest Houston that the company first announced last year. However, on Wednesday, Emerson said it is investing another $9.5 million to further expand the facility.
Emerson originally planned to have 175 employees move to the valve automation headquarters and gradually ramp up the employee number to 250 in the next three years.
Now, instead of hiring 75 new workers, Emerson said it plans to hire 126 new workers for the expanded facility.
To help with the expansion process, Emerson received a $1 million grant from the Texas Enterprise Fund, a government fund designed to attract new business investments and jobs into the state.
Read More
May 8, 2013, 3:00pm CDT
Emerson to expand Houston operations, again, with $9.5M investment
Molly Ryan
Reporter-
Houston Business Journal
A rendering of Emerson Process Management's new valve automation American headquarters.
Emerson Process Management is once again expanding its Houston operations with a new $9.5 million investment.
Earlier this week during the Offshore Technology Conference, I spoke with Larry Irving, vice president of Emerson Process Management’s oil and gas industry division, and he told me that the company planned to continue growing in Houston for the foreseeable future. He didn’t get into specifics, but he pointed out that the oil and gas industry division has a large backlog of projects.
“It’s a situation of growth and accelerated growth,” he said.
The newly announced investment supports that statement.
Emerson Process Management is the process automation technologies branch of St. Louis-based Emerson Electric Co. (NYSE: EMR). About 40 percent of Emerson Process Management’s sales come from the oil and gas industry, so it makes sense for the company to have a large Houston presence.
This week, Emerson opened its valve automation American headquarters — a $30 million manufacturing and office space in northwest Houston that the company first announced last year. However, on Wednesday, Emerson said it is investing another $9.5 million to further expand the facility.
Emerson originally planned to have 175 employees move to the valve automation headquarters and gradually ramp up the employee number to 250 in the next three years.
Now, instead of hiring 75 new workers, Emerson said it plans to hire 126 new workers for the expanded facility.
To help with the expansion process, Emerson received a $1 million grant from the Texas Enterprise Fund, a government fund designed to attract new business investments and jobs into the state.
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MEMC (Monsanto Electronic Materials Company) is now SunEdison with headquarters remaining in St. Louis (St. Peters). However, with Jeffry Quinn (former CEO Solutia) as a board member, I have a couple of theories about what could happen to this company over the long-term.
The new name - which connotes technology and energy - is already reaping benefits for the company.
The new company has three divisions:
-SunEdison Semiconductor
-SunEdison Solar Materials
-SunEdison Solar Energy Solutions
SunEdison's major competitors are: GT Advanced Technologies Inc. (SOLR), which closed its Hazelwood office earlier this year, First Solar Inc. (FSLR), which is based in Phoenix (Tempe), Yingli Green Energy Holding Co., Ltd. (YGE), Jinkosolar Holding Co., Ltd. (JKS), JA Solar Company, Ltd. (JASO), Trina Solar, Ltd. (TSL), ReneSola, Ltd. (SOL), LDK Solar (LDK).
Read:
MEMC is now SunEdison
MEMC Isn't MEMC Anymore
Why SunEdison May Be About to Take Off
MEMC positive on solar outlook
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The new name - which connotes technology and energy - is already reaping benefits for the company.
The new company has three divisions:
-SunEdison Semiconductor
-SunEdison Solar Materials
-SunEdison Solar Energy Solutions
SunEdison's major competitors are: GT Advanced Technologies Inc. (SOLR), which closed its Hazelwood office earlier this year, First Solar Inc. (FSLR), which is based in Phoenix (Tempe), Yingli Green Energy Holding Co., Ltd. (YGE), Jinkosolar Holding Co., Ltd. (JKS), JA Solar Company, Ltd. (JASO), Trina Solar, Ltd. (TSL), ReneSola, Ltd. (SOL), LDK Solar (LDK).
Read:
MEMC is now SunEdison
MEMC Isn't MEMC Anymore
Why SunEdison May Be About to Take Off
MEMC positive on solar outlook
^ Talk about a great tenant for the Gateway book end office tower that McKee proposes for a new 21st/22st Interchange. You would literally have Peabody on one end of the mall and Sun Edison on the other.
The map also highlights the biggest handicap for St. Louis and is really where state leadership is truly needed and petty political regional squabbles need to be put aside to find a way to strengthen, expand Lamberts flights. SunEdison has to be on the Texas radar and either of its two huge hub airports in Dallas and Houston wouldn't mind another global HQ in the area.
The map also highlights the biggest handicap for St. Louis and is really where state leadership is truly needed and petty political regional squabbles need to be put aside to find a way to strengthen, expand Lamberts flights. SunEdison has to be on the Texas radar and either of its two huge hub airports in Dallas and Houston wouldn't mind another global HQ in the area.
Jun 25, 2013, 6:54am CDT UPDATED: Jun 25, 2013, 7:23am CDT
Aegion acquiring California company for $150 million
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Chesterfield-based Aegion Corp. is acquiring Brinderson LP, which provides construction and engineering services for large oil and gas providers in California, for $150 million.
The deal is expected to close July 1, company officials said. Brinderson reported revenue of $231 million for the 12 months ending on March 31.
“We are pleased Brinderson is joining Aegion’s Energy and Mining platform, opening for us a new end market for the maintenance of upstream and downstream energy facilities," Joe Burgess, Aegion's president and CEO, said in a statement. "Aegion plans to compete across a broader portion of the energy value chain with an $800 [million] to $900 million Energy & Mining platform dedicated to preserving and rehabilitating critical pipeline assets, as well as maintaining the facilities used for processing and refining oil and gas products."
Burgess said the company expects its percentage of revenue from recurring operating and maintenance activities in energy and mining to exceed 50 percent, compared with 45 percent prior to the acquisition. "This transaction marks the beginning of a strategic effort to expand our capabilities in this important sector of the United States energy market,” he said.
Russell Conda, Brinderson’s president and CEO, said the acquisition will give Aegion access to Brinderson's long-term relationships with large, blue chip companies.
Read More
Aegion acquiring California company for $150 million
Chesterfield-based Aegion Corp. is acquiring Brinderson LP, which provides construction and engineering services for large oil and gas providers in California, for $150 million.
The deal is expected to close July 1, company officials said. Brinderson reported revenue of $231 million for the 12 months ending on March 31.
“We are pleased Brinderson is joining Aegion’s Energy and Mining platform, opening for us a new end market for the maintenance of upstream and downstream energy facilities," Joe Burgess, Aegion's president and CEO, said in a statement. "Aegion plans to compete across a broader portion of the energy value chain with an $800 [million] to $900 million Energy & Mining platform dedicated to preserving and rehabilitating critical pipeline assets, as well as maintaining the facilities used for processing and refining oil and gas products."
Burgess said the company expects its percentage of revenue from recurring operating and maintenance activities in energy and mining to exceed 50 percent, compared with 45 percent prior to the acquisition. "This transaction marks the beginning of a strategic effort to expand our capabilities in this important sector of the United States energy market,” he said.
Russell Conda, Brinderson’s president and CEO, said the acquisition will give Aegion access to Brinderson's long-term relationships with large, blue chip companies.
Read More
Your assertion is exactly why I say St. Louis energy firms need an energy alliance, consortium or alliance (or whatever it would be called)- like Pittsburgh's. An energy effort potentially could keep established and emerging local energy firms from being poached by Houston or to fast-growing energy centers like Pittsburgh or Charlotte (alas Maverick Tube to Houston).dredger wrote:^ Talk about a great tenant for the Gateway book end office tower that McKee proposes for a new 21st/22st Interchange. You would literally have Peabody on one end of the mall and Sun Edison on the other.
The map also highlights the biggest handicap for St. Louis and is really where state leadership is truly needed and petty political regional squabbles need to be put aside to find a way to strengthen, expand Lamberts flights. SunEdison has to be on the Texas radar and either of its two huge hub airports in Dallas and Houston wouldn't mind another global HQ in the area.
An alliance could help land high-paying jobs. Pittsburgh is booming because of energy and of course because of its proximity to the Marcellus Shale. Shell, Chevron, Noble and others are planning major regional offices in that city. Pittsburgh's office market is being helped tremendously because of these energy employers. Pittsburgh is beating out other Marcellus Shale cities like Cleveland and Philadelphia for these new jobs and regional offices.
I maintain the position that St. Louis regional leaders - in both states - are failing tremendously at pursuing more energy jobs and business. Energy is the biggest job growth sector in the United States at this time and despite all of the local energy assets, St. Louis is behind the curve - once again. St. Louis is not fully capitalizing on its strong energy assets.
Perhaps St. Louis regional leaders are quiet and don't want to play their hands just yet - but fracking - albeit controversial - could lead to 70,000 energy jobs in Illinois.
Illinois Fracking Bill Passes House, Sponsor Says Bill Could Create 70,000 Jobs (05/31/13)
Illinois House passes fracking bill (05/31/13)
Most of that fracking - like it or not - is going to occur in Southern Illinois - near St. Louis, which is near the New Albany Shale. The logical choice for regional offices would be the Metro East, which is loaded already with energy assets of all kinds. What are the bigwigs over in the Metro East doing to land these jobs?
Feb 7, 2013, 9:19am CST
Meet CIC Group in Friday’s Business Journal
Greg Edwards Reporter-
St. Louis Business Journal
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Website
Google Satellite
You may not be familiar with CIC Group, but you should be. It’s a billion-dollar player in the energy construction industry, and it’s located right here in St. Louis.
It has more than 20 subsidiaries, acquiring them lately at the rate of about one a year, and employs 2,100 worldwide, including 600 here.
It is growing rapidly, thanks in large part to the natural gas boom, and its customers include Ameren, Florida Power & Light Co., Calpine, Chevron Corp., Exxon Mobil Corp., Shell, ConocoPhillips and the Tennessee Valley Authority. During its years of growth, CIC kept a low profile in St. Louis, true to its conservative nature.
Link
Meet CIC Group in Friday’s Business Journal
Greg Edwards Reporter-
St. Louis Business Journal
Website
Google Satellite
You may not be familiar with CIC Group, but you should be. It’s a billion-dollar player in the energy construction industry, and it’s located right here in St. Louis.
It has more than 20 subsidiaries, acquiring them lately at the rate of about one a year, and employs 2,100 worldwide, including 600 here.
It is growing rapidly, thanks in large part to the natural gas boom, and its customers include Ameren, Florida Power & Light Co., Calpine, Chevron Corp., Exxon Mobil Corp., Shell, ConocoPhillips and the Tennessee Valley Authority. During its years of growth, CIC kept a low profile in St. Louis, true to its conservative nature.
Link
I don't know. But given how Illinois is run it wouldn't shock me at all if most of those regional offices ended up in the Chicago area.arch city wrote:Most of that fracking - like it or not - is going to occur in Southern Illinois - near St. Louis, which is near the New Albany Shale. The logical choice for regional offices would be the Metro East, which is loaded already with energy assets of all kinds. What are the bigwigs over in the Metro East doing to land these jobs?
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I don't expect to see many regional offices to be honest. Just look at St. Louis...there are some MAJOR energy players that don't have noticeable offices at all. If anything, expect to see one or two field offices in towns like Carbondale or Springfield...in some office park...