Denham Capital Forms Endeavor Energy
June 18, 2013
Denham Capital, a leading energy-focused global private equity firm, announced the formation of Endeavor Energy today. Denham is seeding the enterprise with an initial commitment of $100 million from its $3 billion Fund VI raised in 2012 and will obtain co-investment from other financial investors and project level equity partners in the future. The financial strength of Denham allows Endeavor Energy to simultaneously pursue multiple projects across Africa.
Introducing Microbotz: Afton Chemical’s New Heroes of Protection and Performance
June 12, 2013
Afton Chemical is excited to introduce Microbotz™, heroes of protection and performance for our Industrial lubricant additive Portfolio.
The world of Industrial lubricants is complex with a multitude of products serving an ever-growing and diverse range of end-use industries, with frequent overlap between products and applications.
Stallion Oilfield Holdings, Inc. Announces New Financing
June 4, 2013
Stallion Oilfield Holdings, Inc. (the “Company”) announces today that it is seeking commitments for a new senior secured term loan in an aggregate principal amount of up to $350,000,000 (the “Term Loan”) and an increase of commitments under its existing asset-backed loan facility (“ABL”) from $50 million to $65 million. The proceeds from the Term Loan are intended to be used to redeem the remaining $134 million of the Company’s senior secured notes due 2015, fund a portion of an approximately"...
Solar and oil industry meet for first time in GCC
June 4, 2013
Dr. Syham Bentouati, who heads the New Technology Implementation Division of Petroleum Development of Oman, delivered the keynote opening speech where she highlighted the successful commissioning of the thermal enhanced oil recovery (EOR) plant in West Amal in Oman.
GlassPoint Solar, the lead sponsors for this event and partners with PDO for the thermal EOR project, showed how history was created in Oman when their President and CEO, Rod MacGregor, show cased for the very first time in the GCC region the case study of Oman's successful implementation. Earlier yesterday, John O'Donnell,...
ExxonMobil Singapore Chemical Plant Expansion in Operation
May 30, 2013
ExxonMobil’s Singapore Chemical Plant is now producing ethylene from the facility’s second world-scale steam cracker.
The expansion is integrated with the existing petrochemical plant. Over the next few weeks, the petrochemical complex, powered by a 375-megawatt cogeneration"......
Petroleum Development Oman and GlassPoint Commission the Middle East’s First Solar EOR Project
May 21, 2013
Enclosed Trough system uses the sun’s energy to produce steam for thermal EOR; exceeded contracted performance by 10 percent in first test
Petroleum Development Oman (PDO), the largest producer of oil and gas in Oman, and GlassPoint"......