Report 4800: Climate Change Adaptation

Adaptation will grow to a $1bil. industry in the U.S. by 2015, followed by exponential growth once design & construction of adaptation measures begin - $995

Report 3000: Global Environmental Market

Regional analysis & projections covering countries in N. America, Latin America, Europe, Russia, Asia, Middle East, Japan, Australia/NZ, and Africa - $1,995

Oregon LNG Project Gets Draft EIS

Oregon LNG announced that the Federal Energy Regulatory Commission (FERC) has issued its draft Environmental Impact Statement (DEIS) for Oregon LNG’s Warrenton, Oregon, bi-directional terminal. The DEIS also covers the Oregon Pipeline connector project and the upgrade of a portion of the Williams Company pipeline in Washington State. All interested parties – including local, state and federal agencies -- will have the opportunity to review the document and submit comments to FERC. The terminal in Oregon would be a $7 billion construction project that would provide 3,000 jobs during construction, and 150 permanent family-wage jobs when operational. In addition, the project would create approximately 1,400 permanent, indirect and induced jobs in Oregon. Oregon LNG has committed to using unionized labor for construction, while preserving a certain percentage of contracts for local and minority-owned businesses. Once in service, the facility and associated pipelines will pay over $90 million a year in property taxes in Oregon and Washington, making it the largest single property taxpayer in the State of Oregon.

Last Updated on Wednesday, 19 August 2015

Newalta Results for 3 and 6 Months

Newalta Corporation reported results for the three and six months ended June 30, 2015 with revenues totaling $179 million in the first two quarters, down 21% in the challenged oil & gas business.  "Second quarter results were in line with our expectations and validate the actions we've taken to date to rationalize costs, work with customers to find mutually sustaining solutions and accelerate our four key strategies outlined in Vision 2020," said John Barkhouse, President and CEO. "While Revenue and Adjusted EBITDA were 30% and 49% below last year, respectively, on a 35% decline in crude oil prices and 50% reduction in drilling activity, current market conditions provide us with unique opportunities to leverage our capabilities to engineer effective customer solutions that are highly relevant in today's cost-driven environment. As a responsive and resilient business, we are weathering this downturn and will use it to secure additional competitive advantages and market share." Vision 2020 was launched in May 2015, and directs Newalta to enhance the recovery of value from oil and gas waste streams for customers at each stage of drilling, completions, production and reclamation using a business approach called Sustainability Simplified.

Last Updated on Wednesday, 19 August 2015

Nuverra Environmental Reports Results

Nuverra Environmental Solutions, Inc. announced financial and operating results for the second quarter and six months ended June 30, 2015. YTD revenue from continuing operations was $211.5 million, a decrease of $43.3 million or 17.0%, compared with $254.9 million for the same period in 2014. The difference was primarily a result of lower overall levels of water logistics, solids management and rental activities in the Rocky Mountain Division and a decline in water logistics and fresh water transfer services in the Southern Division. These decreases were partly offset by increases in water logistics and salt water recycling activities in the Northeast Division. CEO Mark Johnsrud said, "As expected, the industry environment proved to be challenging throughout the second quarter, with a further decline in overall drilling and completion activities coupled with pricing concessions that impacted the full quarter. The effect of the energy market downturn was more pronounced in the Bakken, where we have most recently seen a 62% drop in rig count from a year ago, compared with the overall decline in North American land rigs of 53%.”

Last Updated on Wednesday, 19 August 2015

Tetra Tech Awarded $49 Million Contract

Tetra Tech, Inc. announced that the U.S. Agency for International Development (USAID) has awarded the Company a $49 million single-award contract to promote climate-resilient communities and protect biodiversity in West Africa. West African countries are particularly vulnerable to the effects of urbanization, overfishing, and increased risk of floods in coastal areas. The region’s inland forests are also threatened by conversion to agricultural use and unsustainable land-use practices. Under the five-year West Africa Biodiversity and Climate Change project, Tetra Tech will collect and disseminate critical data sets, increase the capacity of resource agencies to interpret data for more informed decision making, and develop sustainable best practices that can be shared across the region.

Last Updated on Wednesday, 19 August 2015

BioPower to Build $175 Million Renewable Energy Facility

BioPower Operations Corporation announced that its wholly-owned subsidiary Green3Power Operations Inc. (G3P) through its subsidiary Green3Power St. Lucie LLC  has executed an agreement to build, own and fund a $175 Million Renewable Energy Facility (REF) which will convert approximately 1,000 tons per day of municipal solid waste, green waste, construction and demolition waste and used tires into approximately 80,000 gallons per day of ultra-low sulfur synthetic green No. 2 diesel fuel. The facility will utilize G3P's exclusively licensed thermal gasification process to produce synthesis gas (a.k.a. as syngas) and then through the Fischer-Tropsch process produce diesel fuel. The Fisher-Tropsch process has been in use for over ninety years turning gases into diesel fuel. The REF will be built at the existing St. Lucie County Solid Waste Landfill Management Facility site. By diverting all of the incoming waste the REF will contribute extending the life of the landfill, reducing environmentally harmful greenhouse gas emissions and creating renewable energy from waste. G3P's strategic partner on the project is R.G. Vanderweil Engineers ("Vanderweil"). G3P will have ownership in the facility and operate and maintain the facility for twenty years after it is funded.

Last Updated on Wednesday, 19 August 2015

EBI Newsletter
Business Achievement Awards