Jude Hislop

Texas-based Kosmos Energy makes second major gas discovery offshore Mauritania

News

2nd major discovery of 2015 offshore Mauritania and Senegal for Kosmos Energy DALLAS, TX – Kosmos Energy has announced that the Marsouin-1 exploration well, located in the northern part of Block C-8 offshore Mauritania, has made a significant, play-extending gas discovery. This is the company’s second major discovery of 2015. Based on preliminary analysis of drilling […]

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Clayton Williams Energy announces borrowing base redetermination, covenants extension

Energy Financial

Revolving credit facility at Sept. 30 totaled $298.1 million after allowing for outstanding advances, letters of credit MIDLAND, Texas – Clayton Williams Energy, Inc. today announced that it has completed the scheduled semiannual borrowing base redetermination of its revolving credit facility and has extended the temporary covenant amendments originally set for expiration in 2016. Effective

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Basic Energy Services reports decline in drilling, servicing rigs compared to 2014

Energy Financial

October saw an increase in fluid service hours, as utilization remained strong in Permian Basin Basic Energy Services, Inc. today reported selected operating data for the month of Oct. 2015.  Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 44,400 producing a rig utilization rate of 44%,

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Gardner Denver opens 70,000 sq ft regional repair center to service Permian Basin

News

New Gardner Denver pump repair facility already employs over 50 full-time workers HOUSTON – Gardner Denver’s Petroleum & Industrial Pumps Division recently opened a 70,000 sq. ft. regional repair center in Odessa, Texas. To mark the event, the company hosted a ribbon-cutting ceremony at the new facility on Wednesday, Nov. 11. U.S. Representative Mike Conaway attended,

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Secretary Kerry: Shale development a “Game Changer” for US diplomacy

Uncategorized

US is already leading world in carbon emission reductions because of natural gas – International Energy Agency, At a recent Harvard forum, Secretary of State John Kerry said that the United States’ boom in shale production, and the low energy prices that came with it, have been a “game changer” for the United States in international

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Feds assisting Indian tribes to develop energy resources

Uncategorized

White House reaffirms commitment to strengthen government-to-government relationship with Indian Tribes WASHINGTON, DC – The U.S. Department of Energy (DOE) has announced that it will sign a Memorandum of Understanding with the U.S. Department of the Interior to assist Indian Tribes throughout the United States to develop their energy resources. The MOU is expected to be

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Crowley now authorized to import LNG for distribution in Pacific Northwest and Alaska

News

The transportation from Canadian-based liquefaction facilities to customers’ storage units will be managed by Crowley’s logistics experts Crowley Maritime Corp. ’s petroleum distribution group has been granted approval by the Department of Energy (DOE) and the National Energy Board – Canada (NEB) to import LNG from Canada for supply, transportation and distribution throughout the Pacific Northwest and

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Before recent transfer, Highway Trust Fund had reached its lowest level in years

News

Federal gasoline tax raised only a few times since Highway Trust Fund was created, last time in 1993 Earlier this year, the Highway Trust Fund reached its lowest level in decades, ending July at $6.1 billion dollars, according to the US Energy Information Administration. A congressionally approved transfer of more than $8 billion boosted the fund’s

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LNG construction set to slow as global LNG market faces supply glut

Energy Financial

LNG engineering, procurement and construction firms face difficult market in short to medium-term The LNG construction industry has enjoyed a sustained boom thanks to healthy order books of new LNG projects, especially in the US and Australia, which will see it reach peak capacity in 2015, according to Wood Mackenzie. However as the global LNG

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