Posts Tagged ‘Oil’

Judge rules against MDA’s regulations on offshore leases

GULF OF MEXICO — A Hinds County judge says the state must write a better economic impact statement on proposed offshore natural gas and oil exploration in parts of the Mississippi Sound before it can enact rules to lease areas that could be drilled. “A cursory reading of the EIS finds that it is severely […] [...]

Horizon Energy rolls out Intellipumper for digital oil fields

GULFPORT — Horizon Energy Corporation (OTCQB:HORI) has introduced the Intellipumper, a new rod pump control solution to optimize the reliability and energy efficiency of pump wells. The Intellipumper was designed for digital oilfields and comes ready for use, featuring cable-free installation, integrated supervisory control and data acquisition (SCADA) communications, wireless control and low maintenance. “Our […] [...]

Trustee wants to hire Maryland firm to sell frac sand facility, mine

PICAYUNE — Richard W. Cryar, as Chapter 11 trustee for Alliance Consulting Group, LLC, has filed a motion with the U.S. Bankruptcy Court for the Southern District of Mississippi to hire Heritage Equity Partners (HEP) of Easton, Md., to seek a buyer for a recently built frac sand dry processing plant in conjunction with a […] [...]

Oil exploration company gets $400M from private equity firm

WILKINSON COUNTY — A private equity firm will invest up to $400 million to support efforts by Houston-based Halcón Resources Corp to drill for oil on the 314,000 acres that Halcón has leased in the Tuscaloosa Marine Shale of southwest Mississippi and southeast Louisiana. Halcón said yesterday that it would sell $150 million in preferred […] [...]

Chevron completes $1.4B base oil facility

PASCAGOULA — Chevron Corp.’s Pascagoula Refinery says construction on a new $1.4 billion base oil facility is complete. The Sun Herald reports the company expects to reach full production capability by midsummer. The oils are used to make lubricants, motor oils, hand cleaners, agricultural sprays and greases. “At that time, we’ll be considered the largest […] [...]

Judge: Owners of Macondo well cannot avoid oil spill fines

NEW ORLEANS — The owners of the blown-out Macondo well cannot avoid federal fines for the 2010 oil spill by blaming another company’s failed equipment, a federal appeals court ruled yesterday. The oil came from a well owned by BP and Anadarko Petroleum Corp., so they are liable, the 5th U.S. Circuit Court of Appeals […] [...]

Court rules for Exxon in property dispute involving alligators

WILKINSON COUNTY — A divided Mississippi Supreme Court has ruled that Exxon Mobil Corp. can’t be held liable for the presence of alligators at a waste site it owns in Wilkinson County. The oil giant had been sued by a couple — Tom and Consandra Christmas — who had planned to build a house on […] [...]

Board sets date for release of part of oil spill report

NEW ORLEANS — A federal agency looking into the 2010 Deepwater Horizon oil rig explosion says it plans to release two volumes of a four-volume report on the disaster on June 5. The Chemical Safety Board said in a news release that the focus of its investigation is to prevent such accidents in the future. […] [...]

BP oil spill still being felt as tar balls wash up on islands

GULF OF MEXICO — Mississippi environmental authorities say oil debris found this week on state barrier islands is believed to be from the BP’s disastrous 2010 spill in the Gulf of Mexico, and contractors for the oil giant are involved in the cleanup. Officials believe high winds and seasonal low tides uncovered the material. Mississippi’s […] [...]

Callon, Lone Star reach agreement on board of directors

NATCHEZ — Callon Petroleum Company has reached an agreement with Lone Star Value Management, LLC. Pursuant to the agreement, Callon has agreed to expand the size of its board of directors from six to eight directors and to designate two new independent directors — Matthew Regis Bob, managing member of MB Exploration, and James M. […] [...]

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