The WTO's trade facilitation deal reached in Bali in early December adds to the past three decades' dramatic expansion in world trade owing to tariff liberalization, regional integration, lower transport costs, and spread of global supply chains. Now five technology game-changers will erase many of the pending impediments to globalization -- yet also give rise to new business and policy challenges:
COLLEGE STATION, TX -- Jan. 8, 2014 -- GE Energy Financial Services, a unit of GE (NYSE: GE), has formed its third partnership with a Vess Oil Corp. affiliate to purchase oil reserves in East Texas for $108 million. The partnership is acquiring approximately 13,000 net acres and associated Woodbine production from an affiliate of EnerVest, Ltd. The assets are located approximately 20 miles northeast of College Station in Brazos, Madison and Grimes counties, and the target zones are the existing Woodbine and prospective Eagle Ford formations.
An innovative process that starts with an algae slurry efficiently produces crude oil in less than an hour, researchers say.
The biocrude oil can then be refined conventionally into gasoline, diesel and aviation fuel. Pacific Northwest National Laboratory engineers say their method is a continuous process that beats previous attempts to harness algae as fuel.
NORWALK, CT -- January 8, 2014 -- GE Capital, Corporate Finance today announced it is serving as administrative agent on $72.5 million of senior secured credit facilities to Permian Basin Materials, LLC (PBM), a newly formed affiliate of WL Ross & Co. LLC (WL Ross). The credit facilities are being used to support the simultaneous acquisitions of Crockett County Mining, Ltd., Highland Concrete Co., and Wallach Concrete, Inc., and for ongoing working capital needs. GE Capital Markets served as sole lead arranger and bookrunner on the transactions.
