Energy Briefing: Market's Leading Companies Fueling Energy Sector: GEI Global Energy, ConocoPhillips, General Electric, Newfield Exploration, Cheniere Energy PR Newswire CORAL SPRINGS, Florida, September 23, 2013 CORAL SPRINGS, Florida, September 23, 2013 /PRNewswire/ -- FinancialNewsMedia.com issues news updates for today's leading energy companies in the basic materials sector: GEI Global Energy Corp (OTCQB: GEIG), ConocoPhillips (NYSE: COP), General Electric Company (NYSE: GE), Newfield Exploration Company (NYSE: NFX) and Cheniere Energy, Inc. (NYSE: LNG). GEI Global Energy Corp (OTCQB: GEIG) has entered into a LOI to build the World's Largest Fuel Cell Power Plant with an estimated Gross Dollar Value Estimated at $470 Million in Revenue and $94 Million in Profit. GEI Global Energy announced today that the Company has entered into a Letter Of Intent (LOI) with Owl Eco Group, "the developer" to build a 100 Megawatt Power Plant located in Western Pennsylvania, within the massive Marcellus shale natural gas fields. Owl Eco Group would like to generate electrical power using GLOBAL ENERGY CORP'S innovative technology and will include a dedicated natural gas well drilled specifically for GEI. The project will be comprised of 1,000 individual 100 kW natural gas fueled HTPEM fuel cell power systems with a project budget of approximately $470 million dollars with an estimated $94 million in profit to GEI GLOBAL ENERGY CORP. To read the entire press release, please go to http://www.fnmprofiles.com/profiles-geig.php Ron Monat, Director Of Renewable Energy Group for COMMERCIAL REAL ESTATE SERVICES (CBRE) (NYSE:CBG) has expressed his Company's interest for the project in the form of a Letter Of Intent to Owl Eco Group.The Letter Of Intent to Owl Eco Group states CBRE is interested in providing all of the necessary funding for the project. CBRE is the world's largest commercial real estate services and investment firm. (In terms of 2012 revenue) - CBRE offers project financing via privately-placed bonds with institutional investors to provide a loan or lease structure offering financing at "below market". ConocoPhillips (COP) explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids on a worldwide basis. Its portfolio includes assets in North America, Europe, Asia, and Australia; growing North American shale and oil sands businesses; various international development projects; and a global exploration program. General Electric Company (GE) News: Marking some of its largest power agreements in company history, GE (GE) today announced three contracts totaling approximately $2.7 billion with SPE, an affiliate of Sonelgaz-Algeria's national electricity and gas company. GE is to supply proven and reliable heavy-duty gas turbine combined-cycle and aeroderivative gas turbine technology for nine power plants. The addition of nearly 9 gigawatts (GW) of electricity will help strengthen Algeria's power sector to help meet the growing requirements of the country. The three agreements include six new combined-cycle power plants that will ultimately increase Algeria's generating capacity by 70 percent adding more than 8 GW of electricity; two fast-track projects that add 528 megawatts (MW) of capacity for this summer's peak demand; and a new simple-cycle power plant to add 370 MW to Algeria's electricity grid. Newfield Exploration Company (NFX), an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. Its areas of operation include the Mid-Continent, the Rocky Mountains, and onshore Gulf Coast, as well as Malaysia and China. The company has proved reserves of 3.4 trillion cubic feet equivalent. Cheniere Energy, Inc. (LNG) announced Friday after the markets closed that one of its wholly owned subsidiaries, Cheniere Energy Partners LP Holdings, LLC ("Holdings"), has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to its proposed initial public offering of common shares. Holdings' only business will consist of owning limited partner units of Cheniere Energy Partners, L.P. (NYSE MKT: CQP) ("Cheniere Partners") currently owned by Cheniere. FinancialNewsMedia.comis leading provider of third party publishing &news dissemination services. If you would like more information regarding our news coverage solutions, please visithttp://www.financialnewsmedia.comfor more details. Get an edge on the market with ourPremium News Alertsthat are FREE for a limited time athttp://www.financialnewsmedia.com/. Follow us on Facebook:http://www.facebook.com/financialnewsmediaand Twitter:http://twitter.com/FNMgroup.Sign up for our FREE SMS News alerts delivered directly to your mobile phone by texting the word PRESS to 545454.(SMS alerts are free, however data rates may apply, check your wireless plan for details.) DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements. Contact Information: Company: FN Media Group, LLC Contact email: firstname.lastname@example.org U.S. Phone: +1(954)345-0611 URL: http://www.financialnewsmedia.com SOURCE FN Media Group LLC
Energy Briefing: Market's Leading Companies Fueling Energy Sector: GEI Global Energy, ConocoPhillips, General Electric, Newfield
Press spacebar to pause and continue. Press esc to stop.