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Monthly Archives: June 2010
HSE Integrated Ltd. – President/C.O.O. resigns to pursue other opportunities
CALGARY, May 31 /CNW/ – HSE Integrated Ltd. (“HSE” or the “Company”) announces that effective June 4, 2010, James M. (“Jim”) Hill will be resigning as President and Chief Operating Officer to pursue other opportunities. Mr. Hill will remain as a member of HSE’s Board of Directors. Glenn Roberts P.Eng., currently Executive Vice-President of Western Operations, will assume the position of Chief Operating Officer responsible for all company operations. David Yager, Chairman and Chief Executive Officer, will assume the additional position of President which he held prior to Mr. Hill being appointed to that position in 2007.
David Yager had the following comments on Mr. Hill’s career change.
“Jim Hill has been involved with HSE as a director since the Company was restructured and refinanced in October of 2003 and has been an operating executive since October 2005. He has made a significant contribution to our success. However, he has been presented with a compelling career opportunity he has chosen to pursue. We appreciate his contributions in the past 6.5 years and wish him the best in his new endeavor.”
About HSE
HSE is an integrated, national supplier of industrial Health, Safety and Environmental services. From its head office in Calgary, Alberta, it serves its clients from field service locations in Alberta, British Columbia, Saskatchewan, Ontario, Nova Scotia, New Brunswick, Newfoundland-Labrador and Michigan. HSE also operates in Texas through a jointly owned company called Boots & Coots HSE Services LLC. HSE trades on the TSX under the symbol “HSL”.
%SEDAR: 00011733E
For further information: David Yager, Chairman & CEO, Telephone: (403) 266-1833, E-Mail: dyager
Gas prices off more than 9 cents in two weeks
CAMARILLO, Calif. — The average price of regular gasoline in the United States has dropped 9.25 cents over a two-week period to $2.83.
That’s according to the national Lundberg Survey of fuel prices released Sunday.
Analyst Trilby Lundberg says the average price for a gallon of mid-grade was $2.97. Premium was at $3.08.
Jackson, Miss., had the lowest average price among cities surveyed at $2.62 a gallon for regular. San Francisco was highest at $3.10.
Diesel was at $3.09, down 5.56 cents from two weeks ago.
In California, the average price for a gallon of regular dropped 6.85 cents to $3.05.
Bakersfield had the state’s least expensive gas at $3.00 a gallon.
CanGEA releases Member Projects Database
CALGARY, May 31 /CNW/ – The Canadian Geothermal Energy Association (CanGEA) today released the much anticipated CanGEA Member Projects Database. The report outlines all the various CanGEA member projects under development around the world. This inaugural report is the first of its kind for the Canadian geothermal energy industry.
According to the report CanGEA members are currently working on more than 70 projects under development representing more than 1,400 MW, and nearly 2,000 MW of installed geothermal capacity. The projects listed span four continents and eleven countries giving CanGEA members a truly global reach in their operations. While there is currently no geothermal power production in Canada there are nevertheless a number of projects under development which may soon come online to supply Canada’s first few megawatts of geothermal power.
Typically projects have been categorized in terms of resource development. The CanGEA Member Projects Database instead recognizes three levels of Geothermal Resources and two levels of Geothermal Reserves. With increasing geological knowledge and confidence a Geothermal Resource progresses from Inferred, to Indicated, to Measured. Similarly, with consideration of energy recovery and conversion, economic, marketing, environmental, social, legal, and regulatory factors (all Modifying Factors) the resource may be labelled a Probable or Proved Geothermal Reserve.
The CanGEA Member Projects Database utilizes the Canadian Geothermal Code for Public Reporting to provide a framework for comparison among industry players. Included in the Database is the Geothermal Progress Checklist which lays out the framework to categorize projects under development based on geological knowledge and modifying factors such as economic and legal factors. The checklist highlights the necessary steps in the development of a geothermal resource from exploration to production. Applying this framework allows for universal comparison among projects under development while also providing the cursory framework to adhere to the Canadian Geothermal Code for Public Reporting.
For a copy of the CanGEA Member Projects Database please follow the link below. CanGEA encourages interested parties to provide feedback for future iterations of the report and welcomes any questions or comments.
About CanGEA: CanGEA is a national industry association that believes we can provide competitively priced, emissions free, renewable, base-load energy to Canadians and to U.S. export markets. CanGEA works on behalf of our members to facilitate the growth of geothermal power projects and promote publicly listed companies on the Canadian Exchanges.
For further information: David Gowland, Policy Director, Canadian Geothermal Energy Association, dave
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