Industry News

Quantum Energy has announced that it has entered into a fully executed Letter of Intent (LOI) to purchase 400 acres of land near the city of Baker in Fallon Country, Montana.

Baker Hughes appointed Greg Brenneman, chairman of CCMP Capital Advisors, (CCMP Capital), and W.H. "Bill" Easter III, retired chairman, president, and CEO of DCP Midstream, to its Board of Directors.

Stolt-Nielsen announced that Stolt-Nielsen Gas, SunLNG Holding and LNGaz have agreed to form a new start-up focused on the development of small-scale LNG liquefaction and logistics services in Bécancour, Québec, Canada.

James P. Harty will be the new Global Market Manager for the energy management market at Bal Seal Engineering, Inc. The position, based in Houston,Texas, will include oil and gas, power transmission & distribution, and alternative energy.

Hemisphere Energy Corporation announced its expanded capital expenditure plans for the remainder of 2014 as a result of the recently closed USD 10M financing.Hemisphere plans to drill up to 10 additional wells in the remainder of 2014, bringing the total number of wells for the year up to 13.

Daybreak Oil and Gas (Daybreak), a Washington corporation, announced the successful drilling of its ninth consecutive successful oil well at the Twin Bottoms Field in Lawrence County, Kentucky. The Gerald Grove H-10 well was drilled to a measured depth (“MD”) of 4,512ft.

Voith, the company that sets standards in the oil & gas and energy markets, participated in Kaukauna Utilities Badger Hydro plant’s official dedication that took place last week in Kaukauna, Wisconsin.

Xpress Natural Gas (XNG) has expanded its operations into New York. XNG will supply Schweitzer-Mauduit International’s (SWM) Ancram, New York, facility with Compressed Natural Gas (CNG).

The FM Fire-Safe Shutoff fusible link valve assemblies from Assured Automation are API 607 and Factory Mutual approved for flammable liquids, and are commonly used to activate sprinkler systems to control fire, and to shut down hazardous lines when fire occurs.These valve and fusible link assemblies include manually operated ball or butterfly valves.

McDermott International has appointed Mr. Gary P. Luquette as the new non-executive chairman of the board of directors.