Energie

  • Denver-based Venoco Inc. [NYSE: VQ] said May 16 that it has been contacted by the New York Stock Exchange regarding the “unusual market activity” in the company’s common stock. The company stated that its policy is not to comment on unusual market activity and that it has no pending announcements.
  • Forum Energy Technologies, Inc. has successfully tested its subsea Blowout Preventer Actuation Tool (BOP-AT) on a live well off the coast of West Africa at a water depth of over 1000 meters. The tool successfully closed the blowout preventer using power provided by a remotely operated vehicle,
  • Apache Corp. today announced that an extension well had initial production rates higher than any oil well drilled at the Beryl Field in the UK North Sea since 2001.
  • A trio of energy lawyers has joined Baker Botts LLP in New York and Houston.
  • Martin Midstream Partners LP announced May 10 that it has increased the size of its revolving credit facility to $400,000,000. This represents an increase of $25,000,000 as it has added ABN AMRO Capital USA LLC to its syndicate of lenders. The revolving credit facility is the partnership’s primary source of liquidity and matures April 15, 2016.
  • The National Energy Board of El Salvador will establish a geothermal training center thanks to a $2 million grant from the Inter-American Development Bank.

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