Hoping to shore up its finances after a troubled year in the energy industry, Houston, Texas-based Carrizo Gas & Oil announced on December 28 that it is selling its stake in the Huntington Field oil formation, which is located off the coast of the United Kingdom.
Archives: December 2012
On December 26, the company announced that it had sold $33 million worth of undersea machinery to Statoil, a Norway-based extraction firm.
According to a Chevron official, the move is intended to help Chevron expand its operations in both the Gulf of Mexico and various land-based ventures, including shale gas extraction initiatives in the Eagle Ford Shale formation.
Yakobson, in a statement, remarked that other professionals in the nanotech industry have long been seeking a cost-effective way to achieve these kinds of results.
According to an official press release, the deal, pending regulatory approval from state and federal officials, could be worth billions of dollars in potential profits for the two companies.
The report comes on the heels of a late October announcement from Cheniere Energy Inc., which is based in Houston, that it was in the planning phase for a LGS processing plant in East Texas near the Louisiana border.
This new development is a change of fortune for the company, which saw a drop in its business following the Obama administration’s 2010 Gulf drilling moratorium in the wake of the Deepwater Horizon disaster that claimed 11 lives and endangered thousands of miles of coastline.
Energy industry media outlet FuelFix, which has been conducting ongoing coverage on the area’s developments, highlighted the construction of a new rail line being built in an article from late October.
According to a press release from the university, the James Tour Group created a super-tiny electrode using carbon nanotubes attached to sheets of graphene.