Corpus Christi, TX: Apache to Add Gas Fuelling Dispensers at Midland Stripes Stores

Mb50's "Liquid Mud" Rant

Stripes LLC, a subsidiary of Susser Holdings Corporation announced it is partnering with Apache Corporation to add natural gas fueling dispensers at selected Stripes® convenience store locations.

Initially, compressed natural gas (CNG) fueling capability will be available at two Stripes locations in the Midland, Texas area.

Steve DeSutter, Stripes President and CEO Retail, said, “Adding natural gas to our conventional motor fuel products reinforces our mission to give Stripes customers what they want at a great price in our convenient store locations.

“We certainly see the role of natural gas in our energy future, and we are looking forward to participating as it evolves as a viable alternative transportation fuel. We plan to evaluate the results of our pilot project in West Texas, and if it is successful, we expect to gradually roll out CNG fueling capabilities in other Stripes markets,” DeSutter said.

Steve Farris, Apache’s Chairman and…

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LLOG, Blackstone to Invest $1.2 Bln in GoM Offshore Operations (USA)

Mb50's "Liquid Mud" Rant

LLOG Exploration Company L.L.C. and Blackstone today announced the formation of a long-term, strategic partnership and have committed to invest over $1.2 billion to expand and accelerate LLOG’s offshore operations in the Gulf of Mexico.

The partnership will leverage the combined operational and financial resources of LLOG and private equity funds managed by Blackstone (collectively with their affiliates “Blackstone”) to expedite development of LLOG’s four recent deepwater discoveries as well as the exploration and appraisal of its extensive prospect inventory, which includes over 110 offshore leases. In addition, the partnership will expand LLOG’s asset base in the Gulf of Mexico through federal lease sale participation, farm-ins and M&A activities, further building upon its position as one of the largest private companies in the basin. This strategic partnership is the largest private equity financing executed in the Gulf of Mexico to date.

LLOG is one of the top 10 privately owned…

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National Oilwell Varco Gives $905,000 to UH’s Subsea Engineering Program

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Laura Tolley
ljtolley@uh.edu

November 6, 2012-Houston

National Oilwell Varco (NOV) is giving $905,000 to the University of Houston’s subsea engineering program to further research initiatives and develop a computational laboratory.

NOV’s gift will be used to establish the National Oilwell Varco Computational Engineering Laboratory and to conduct contractual research for UH’s subsea engineering program and NOV.

The computational lab will be used to perform detailed computational calculations on complex subsea equipment that must operate under high-temperature and high-pressure oil and gas conditions that occur in ultra-deep subsea reserves.

The lab also will support the subsea engineering curriculum and students, enabling them to complete capstone design projects using the latest in computational subsea engineering tools.

Recently, UH received the state’s approval to offer the nation’s first subsea engineering graduate program, which will teach the scientific and technical skills necessary to create the first generation of formally trained subsea…

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Gulf of Mexico: Quest Offshore Sees Bright Future for Deepwater GoM (USA)

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The Gulf of Mexico, more than any other major deepwater region in the world, has experienced massive changes in the last five years with long-term implications for the future of the region and the GoM’s supply & demand effects on the global deepwater oil and gas market, Quest Offshore says in its report.

The worldwide financial crisis and subsequent recession, shale gas’ implications on U.S. natural gas prices and the aftermath of the Macondo incident have led to significant changes in the outlook for the region. Despite those overwhelming obstacles, the U.S. GoM’s future is bright with a pronounced recovery expected in all major market segments from drilling to subsea, floating production and marine construction.

Overall spending in the region is expected to increase significantly starting in 2013 up nearly 30 percent to $40 billion. Total expenditures are expected to reach a significant $167 billion in the 2013 to…

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