Friday, September 08, 2006

McDermott Announces Re-Organization, Creates Babcock and Wilcox Companies

Off this morning's wire:

McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today a strategic realignment of its businesses operating within the power industry. Effective January 1, 2007, the Company will consolidate its BWX Technologies, Inc. subsidiary ("BWXT") and The Babcock & Wilcox Company subsidiary ("B&W"), into a single entity operating as The Babcock & Wilcox Companies ("BWC").

Through BWC, all of McDermott's nuclear and fossil power products and service offerings will be positioned to best fulfill the changing requirements of the Company's power customers, both commercial and governmental. "Leveraging our power offerings, talented employee base and industry expertise from both organizations will benefit our customers, work force, and shareholders," said Bruce W. Wilkinson, Chairman and Chief Executive Officer of McDermott.

The Babcock & Wilcox Companies will be under the direct leadership of John A. Fees, who has been named Chief Executive Officer of BWC. Fees, age 49, will continue to report to Bruce Wilkinson in this new role. John Fees is a 27-year McDermott veteran who most recently served as President and Chief Operating Officer of BWXT, a position held since January 2003. During a career of increasing responsibility, John Fees also previously served as President of both BWXT Services, Inc. and the Diamond Power Division, a wholly-owned subsidiary of B&W. David L. Keller will continue to lead McDermott's power generation activities and beginning on January 1, 2007 will report to Fees. BWC will appoint leadership positions within the new organization as it approaches the effective date.
Technorati tags: , , , , , , ,

2 comments:

Anonymous said...

After reading :
Barberton firm reunited with spinoff
Scientists to play key role in global fusion reactor

I thought you would be interested in looking at these energy technologies:

Aneutronic Fusion: Here I am not talking about the big science ITER project taking thirty years, but the several small alternative plasma fusion efforts.

There are three companies pursuing hydrogen-boron plasma toroid fusion, Paul Koloc, Prometheus II, Eric Lerner, Focus Fusion and Clint Seward of Electron Power Systems

Vincent Page (a technology officer at GE!!) gave a presentation at the 05 6th symposium on current trends in international fusion research , which high lights the need to fully fund three different approaches to P-B11 fusion

He quotes costs and time to development of P-B11 Fusion as tens of million $, and years verses the many decades and ten Billion plus $ projected for ITER and other "Big" science efforts


Terra Preta Soil CO2 Sequestration:

Here is a great article that high lights this pyrolysis
process , ( http://www.eprida.com/hydro/ ) which could use existing infrastructure to provide Charcoal sustainable Agriculture , Syn-Fuels, and a variation of this process would also work as well for H2 and Charcoal-Fertilizer production, while sequestering CO2 from Coal fired plants to build soils at large scales , be sure to read the See an initial analysis. of this technology to clean up Coal fired power plants.


Soil erosion, energy scarcity, excess greenhouse gas all answered through regenerative carbon management

I feel Terra Preta soil technology is the greatest Ironies since Tobacco.
That is, an invention of pre-Columbian American culture, destroyed by western disease, may well be the savior of industrial western society. As inversely Tobacco, over time has gotten back at same society by killing more of us than the entire pre-Columbian population.

Regards,

Erich J. Knight
Shenandoah Gardens
McGaheysville, VA
E-mail: shengar@aol.com
(540) 289-9750

Anonymous said...

After reading :
Barberton firm reunited with spinoff
Scientists to play key role in global fusion reactor

I thought you would be interested in looking at these energy technologies:

Aneutronic Fusion: Here I am not talking about the big science ITER project taking thirty years, but the several small alternative plasma fusion efforts.

There are three companies pursuing hydrogen-boron plasma toroid fusion, Paul Koloc, Prometheus II, Eric Lerner, Focus Fusion and Clint Seward of Electron Power Systems

Vincent Page (a technology officer at GE!!) gave a presentation at the 05 6th symposium on current trends in international fusion research , which high lights the need to fully fund three different approaches to P-B11 fusion

He quotes costs and time to development of P-B11 Fusion as tens of million $, and years verses the many decades and ten Billion plus $ projected for ITER and other "Big" science efforts


Terra Preta Soil CO2 Sequestration:

Here is a great article that high lights this pyrolysis
process , ( http://www.eprida.com/hydro/ ) which could use existing infrastructure to provide Charcoal sustainable Agriculture , Syn-Fuels, and a variation of this process would also work as well for H2 and Charcoal-Fertilizer production, while sequestering CO2 from Coal fired plants to build soils at large scales , be sure to read the See an initial analysis. of this technology to clean up Coal fired power plants.


Soil erosion, energy scarcity, excess greenhouse gas all answered through regenerative carbon management

I feel Terra Preta soil technology is the greatest Ironies since Tobacco.
That is, an invention of pre-Columbian American culture, destroyed by western disease, may well be the savior of industrial western society. As inversely Tobacco, over time has gotten back at same society by killing more of us than the entire pre-Columbian population.

Regards,

Erich J. Knight
Shenandoah Gardens
McGaheysville, VA
E-mail: shengar@aol.com
(540) 289-9750