Boeing thinking up new system provider for natural disaster

TOKYO. Monday, July 4, 2011 3: 00 pm EDT

TOKYO (Reuters) - Boeing (BA).(N) said Monday it is considering the construction of a new system provider to minimize the impact of natural disasters on its operations, after a huge earthquake in the Japan hurt the Aeronautics and defence Cabinet long-delayed 787 Dreamliner aircraft production.

The March earthquake and tsunami wrought havoc on supply chains in a raft of industries, overall gaps causing of elements ranging from semiconductor to paint used in the production of the car.

Aircraft CEO of Boeing commercial, Jim Albaugh, said that the company is seeking hard to its relations with suppliers and the possibility of double-sourcing of critical parts.

"We want to make you very sure that we have in the future a production system that is not affected by the natural disaster that can happen anywhere in the world," Albaugh told journalists on the sidelines of an event organized by the company at Tokyo's Haneda Airport.

About 35% of the Dreamliner is currently developed and manufactured by Japanese companies such as Kawasaki Heavy Industries (7012.T), Fuji Heavy Industries (7270.T) and Mitsubishi Heavy Industries (7011.T).

All Nippon Airways Co (9202.T), the client to launch for the Dreamliner, is expected to take delivery of the first plan sometimes in August or September.

The lightweight Dreamliner, composite carbon is already more than three years behind its original purpose of the delivery of May 2008 due to problems of production and work.

(Reporting by Mariko Katsumura;) (Editing by Joseph Radford)

Natural gas drilling could disappoint investors: NYT

NEW YORK | Sun June 26, 2011 5 pm EDT

NEW YORK (Reuters) - while the gas such as ConocoPhillips and Chesapeake Energy Corporation are large bets on the wells that are supposed to to extract energy from shale formations, the New York Times reported that an inquiry of emails and documents shows the industry have doubts as to whether the companies will be able to keep their promises to investors.

In e-mails, energy management, industry lawyers, geologists of the State and issue of skepticism of market if natural gas companies are exaggerating how productive their wells will be, the Times reported.

The Times said he studied the well data and found that many of them are surrounded by less productive than more drilling areas and to exploit that the gas resulting is a value. The newspaper stated that his investigation found that in most of the wells, the amount of gas produced faster decline that companies had planned.

None of the e-mails accusing explicitly all companies of breaking the law, said the Times.

ConocoPhillips refused to comment on. Chesapeake could not be reached for comment.

(Reporting by Helen Chernikoff;) (Editing by Leslie Adler)