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Hazardmon.com – Site Monitoring and Maintenance for Dry Dusty Materials

It is well known that transporting dry dusty materials can create explosive atmospheres. Four conditions have to exist in order for the explosive state to occur. First of all there needs to be high concentration of dust, then there must be oxygen and there should also be an ignition source. If all of these appear in a confined space – an explosion will happen.

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Westmoreland Coal Reports Second Quarter 2013 Results

Westmoreland Coal Company (NasdaqGM:WLB) reported its second quarter results for 2013.

Highlights:

  • Q2 2013 revenues grew 22.4% to $162.5 million compared with $132.8 million in Q2 2012
  • Q2 2013 Adjusted EBITDA increased 119.2% to $32.0 million compared with $14.6 million in Q2 2012
  • Adjusted EBITDA for the twelve months ended June 30, 2013 increased to $121.2 million compared with$77.5 million for the twelve months ended June 30, 2012.
  • Q2 2013 net loss applicable to common shareholders decreased to $0.6 million from a loss of $12.4 million in Q2 2012
  • Net leverage ratio decreased to 2.47
  • 2013 Adjusted EBITDA and capital spending guidance reiterated
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Iluka: Quarterly Production Report 30 June 2013 - lower Production of Zircon and Rutils

  • Iluka’s combined production of zircon, rutile and synthetic rutile (Z/R/SR) in the June quarter was 127.2 thousand tonnes, 14.7 per cent higher than March 2013 quarter production of 110.9 thousand tonnes.
  • Z/R/SR production in the June 2013 quarter was 43.9 per cent lower than in the June 2012 quarter (226.8 thousand tonnes), while Iluka’s first half 2013 Z/R/SR production was 238.1 thousand tonnes, 46.3 per cent lower than the 443.8 thousand tonnes recorded in the first half of 2012. Lower production reflected completion, during the quarter, of Iluka’s previously announced operating adjustments to curtail output in response to lower demand, to facilitate a progressive draw down of finished goods inventory, as well as to reduce total operating costs.
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Bridger, LLC Partners with Riverstone Holdings LLC

Partnership Broadens Bridger’s Growth Objectives

Bridger, LLC, formerly Bridger Group, LLC, a crude oil marketing and midstream logistics company based in Dallas, Texas, announced that it has partnered with Riverstone Holdings LLC, an energy and power-focused private equity firm. Bridger’s management team and Riverstone have jointly committed to invest up to $300 million, building on Bridger’s operational and financial success and further fueling the company’s growth strategy. Bridger’s experienced management team consists of its founders, James Ballengee, Julio Rios and Jeremy Gamboa.

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Statoil takes over operatorship in Eagle Ford

Statoil announced that the company as of 1 July has assumed operatorship for all activities in the eastern part of its Eagle Ford asset in Texas.

"This is an important milestone for Statoil's development as an operator in the US," says senior vice president for US Onshore, Torstein Hole.

"We now have operational activities in all of our onshore assets—Bakken, Marcellus and Eagle Ford. Our organization in Houston is eager to further develop our Eagle Ford holding as operator and we look forward to engaging with communities and landowners in the eastern part of our joint venture acreage," he underlines.

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GE Completes Acquisition of Lufkin Industries

GE Oil & Gas (NYSE: GE) announced that it has completed its acquisition of Lufkin Industries, Inc., a leading provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears based in Lufkin, Texas, for approximately $3.3 billion. The move broadens GE Oil & Gas’ artificial lift capabilities with solutions for a wider variety of well types and technology for production automation and optimization in the drilling industry.

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Alcoa and RUSNANO: MoU to Produce Aluminum Drill Pipe with Antiwear Coating for the Oil and Gas Market

Alcoa (NYSE:AA) and OJSC RUSNANO will produce technologically advanced oil and gas aluminum drill pipe finished with a life-extending antiwear coating under a Memorandum of Understanding (MOU) signed by the companies today. With the help of the Alcoa Technical Center, the parties intend to pursue the potential application of a nanotechnology-based coating for the aluminum drill pipe to enhance its wear resistance in harsh corrosive drilling environments.

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Victaulic Introduces AGS Full Flow Fittings with Vic-Rings for Mining Piping Systems

Victaulic, the world's leading manufacturer of mechanical pipe-joining systems, introduces AGS Full Flow Fittings with Vic-Rings, a line of grooved carbon steel pipe fittings for abrasive applications in the mining industry. The fittings are designed for use with the AGS (Advanced Groove System) Vic-Ring System, which simplifies the installation and extends the service life of large-diameter abrasive service piping systems.

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Deutsche Rohstoff AG: Anleihe über EUR 100 Millionen zur Finanzierung des Horizontalbohrprogramms von Tekton Energy

- Zinssatz 8,00 Prozent/Zeichnungsstart am 26. Juni

Die Deutsche Rohstoff AG hat heute die Details zu ihrer geplanten Anleihe im Segment Entry Standard der Frankfurter Wertpapierbörse bekanntgegeben. Die Anleihe (WKN A1R07G, ISIN: DE000A1R07G4) hat ein Volumen von bis zu EUR 100 Millionen bei einer Laufzeit von fünf Jahren. Sie wird fest mit 8,00 %/Jahr verzinst. Die Zinszahlungen erfolgen halbjährlich, erstmals voraussichtlich am 11. Januar 2014. Creditreform Rating hat der Deutsche Rohstoff die Ratingnote BB+ erteilt.

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BP: Active Cleanup from Deepwater Horizon Accident Ends in Florida, Alabama and Mississippi

Following the extensive three-year cleanup effort, the U.S. Coast Guard is ending active cleanup operations in Mississippi, Alabama and Florida and announced that the three states are expected to complete the transition back to the National Response Center (NRC) reporting system by mid June 2013. The announcement is the result of the extraordinary progress made cleaning the Gulf of Mexico shoreline.

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