Land Rights & Infrastructure Asset Management Software
The United Kingdom-based publication Acquisition International has presented geoAMPS with a 2016 Offshore Excellence Award. The award is for Best E&P Project Management Software: landAMPS. A description of landAMPS and information about geoAMPS appears in Acquisition International's Offshore Excellence Awards supplement. One of the suite of industry-specific software products offered by geoAMPS, landAMPS meets the needs of oil and natural gas producers. geoAMPS software has been proven effective in drastically reducing the timeline for oil and gas projects, which can result in millions of dollars of added revenue.
Leena Madan (front row, center) has been named a finalist for the Visionary Award presented by the Columbus chapter of the National Association of Women Business Owners. Leena Madan, Chief Operating Officer of geoAMPS, has been named a finalist for the National Association of Women Business Owners (NAWBO) Columbus 2016 Visionary Award. Each year, the Columbus NAWBO chapter names finalists and presents the Visionary Award to a Columbus-area business owner who has achieved success with her business while making notable contributions to her community and industry, and for her initiatives on behalf of other women in business. The Columbus NAWBO chapter presents this prestigious award to recognize and showcase successful women who not only own and operate businesses that are vital to Ohio’s economy, but also devote time and resources to identify needs and drive social change.
Old-Va-Surveyor / flickr Because electric transmission lines can span hundreds of miles, there are environmental issues and concerns utility companies must take into account when planning and constructing new infrastructure. geoAMPS offers industry-specific software products that help utility companies complete projects more quickly. Quicker completion means project cost savings and increased revenue.
knapsack / flickr By Yogesh Khandelwal and Dan Liggett Advertising billboards, for better or worse, are part of the American landscape. Commonly seen from our many miles of interstates and national highways, billboards are considered an essential marketing tool of business. Some motorists feel they provide useful information, while others regard them as eyesores or unnecessary distractions from the nation’s natural beauty. As usage and popularity of billboards began to escalate in the 1950s, the federal government took initial steps toward regulation. Signed into law by President Dwight Eisenhower, the Federal-Aid Highway Act of 1956, commonly known as the “Bonus Program,” was an incentive for states to establish control of ODA within 660 feet of the right of way along interstates. States that did so received an additional one half of one percent of their interstate construction costs.
Washington State Department of Transportation / flickr The Fixing America’s Surface Transportation (FAST) Act, passed by Congress in December 2015, authorizes $281 billion in federal funds for highway, transit and highway safety programs over five years. Combined with state and local matching dollars, the nation now has a substantial sum for much needed transportation improvements. FAST Act is a fully paid-for reauthorization of federal highway, transit, highway safety, motor carrier safety, hazardous materials and passenger rail programs.
Members of the geoAMPS team participated in No-Shave November and raised pledges of $1,539 to support the American Cancer Society. No-Shave November is a Web-based, non-profit organization devoted to growing cancer awareness and raising funds that go toward preventing cancer, saving lives, funding research, educating, and assisting those fighting cancer.
Denzil31 / flickr Wind farm developers in the United States may want to gear up planning for new projects, as action in Washington to extend the Production Tax Credit (PTC) could come before year’s end. The PTC has provided incentive for a dramatic increase in wind farms and growth of the wind energy industry. That growth has resulted in greater wind energy capacity since the PTC was established. The PTC, however, was allowed to expire at the end of 2014. There is new legislation in Congress that would extend the PTC. It received strong bipartisan support in the Senate Finance Committee in May. Now, Marika Fredriksson, Chief Financial Officer of Vestas Wind Systems, the world’s largest wind turbine manufacturer, told Reuters that she believes Congress will approve an extension of the PTC in December 2015.
flickr / Portland General Electric Common criticisms of widespread development and utilization of renewable energy, particularly wind and solar power, are that power is only being generated when the wind blows and the sun shines. Critics claim these facts in nature result in unreliability of renewable sources of energy. But there is a technological response to this criticism: energy storage systems. Recognizing that there are downtimes of power production when the wind isn’t blowing or after the sun has set, researchers have been hard at work for some time developing systems that will store energy so it will be available to the grid on a 24-hour basis.
In the development and operation of a wind farm, several issues enter the discussion quickly, issues that are critical to determining project costs. These issues include availability of wind, siting of the wind farm and its turbines, land use in the area, transmission of the electricity to the power grid, access roads, and power generation capacity of the turbines. But there is another issue that gets little attention outside the wind industry world. Managing lease and royalty payments to landowners can be a time-consuming, labor-intensive task. Absent an effective strategy and the right technology, wind companies struggle with this necessary aspect of doing business.
Delta Wind Farm / flickr The Production Tax Credit and Investment Tax Credit have been political footballs in recent years. Extensions have been approved, then left to expire, brewing uncertainty within renewable energy industries. This remains the case. This summer, the U.S. Senate Finance Committee voted 23-3 to extend a number of renewable energy tax credits through the end of 2016. That measure would allow developers of wind, geothermal, biomass, landfill gas, incremental hydroelectric and ocean energy to take advantage of federal tax credits for projects begun before Dec. 31, 2016. Among those are the Production Tax Credit (PTC) and Investment Tax Credit (ITC). If passed, wind farms could receive a 2.3-cent-per-kilowatt-hour credit through the end of 2016.