On Wednesday, Hess Corporation (NYSE:HES)’s shares surged 4.64% to $78.09.
Hess Corporation, hosted a visit recently of a bipartisan Congressional Delegation to its Tubular Bells oil and gas production facility, located in the Mississippi Canyon area of the deepwater Gulf of Mexico.
The Tubular Bells Field was discovered in 2003 and the development was sanctioned in October 2011. Tubular Bells commenced production in November 2014, just three years after sanction. It lies in about 4,300 feet of water, 135 miles southeast of New Orleans.
Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company primarily operates in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia, and Norway.
GasLog Ltd. (NYSE:GLOG)’s shares gained 4.63% to $22.39, during the last trading session on Wednesday.
GasLog, declared the closing of its public offering of 4.6 million shares of 8.75% Series A Cumulative Redeemable Perpetual Preference Shares, par value $0.01 per share, liquidation preference $25.00 per share which priced at $25.00 per share, counting 600,000 shares issued upon the exercise in full by the underwriters of their option to purchase additional Series A Preference Shares. The net proceeds from the offering after deducting underwriting discounts and commissions are about $111,337,500. The Series A Preference Shares will be listed on the New York Stock Exchange under the symbol GLOG PR A. UBS Securities LLC, Morgan Stanley & Co. LLC and Stifel are acting as joint book-running managers of the offering, which was made under an effective shelf registration statement. Credit Suisse Securities (USA) LLC is acting as joint lead manager.
GasLog Ltd., together with its auxiliaries, owns, operates, and manages vessels in the liquefied natural gas (LNG) market worldwide. It provides maritime services for the transportation of LNG; and LNG vessel administration services. As of February 27, 2015, the company operated 20 LNG carriers.
At the end of Wednesday’s trade, Lucas Energy, Inc. (NYSEMKT:LEI)’s shares gained 4.57% to $0.2312.
Victory Energy Corporation, (VYEY), a rapidly growing, Permian Basin focused oil and gas company and whom has declared its intention to complete a business combination with Lucas Energy Corporation (NYSE MKT:LEI), declared that administration will present at the following forthcoming investor conference. The company plans to talk about its 2015 business plan and it’s progress and expectations for the pending business combination.
Date: Tuesday, April 21, 2015 at 11:40 AM ET,
Location: The Sheraton Towers Time Square,
New York, NY.
Lucas Energy, Inc. operates as an independent oil and gas company in Texas. It is engaged in the acquisition and development of crude oil and natural gas from various formations, counting the Austin Chalk, Eagle Ford, and Buda formations located primarily in Gonzales, Wilson, Karnes, and Atascosa counties south of the city of San Antonio; and the Eaglebine, Buda, and Glen Rose formations located in Leon and Madison counties north of the city of Houston, Texas.
Finally, Capstone Turbine Corp. (NASDAQ:CPST), ended its Wednesday’s trading session with 4.56% gain, and closed at $0.6648.
On April 2, Capstone Turbine, declared that it received an order for three C1000 microturbines to upgrade luxury resorts on the island of Maui, Hawaii.
Critchfield Pacific Inc., Capstone’s new Hawaiian distributor, secured the order, which is predictable to be commissioned in February 2016.
The propane-fueled C1000 microturbines will be installed at three different locations on Maui. Two C1000s will replace the existing diesel-engine generator combined cooling, heat and power (CCHP) systems at two existing sites, and both C1000s will operate in CCHP applications. A third C1000 will be installed at a new site and operate in a combined heat and power (CHP) application.
The high cost of electricity makes Maui an ideal spot for cogeneration and trigeneration. The clean waste heat from the exhaust of each microturbine will be captured by heat recovery modules to heat domestic water, swimming pools and spas. In addition, absorption chillers will be used in the CCHP systems to provide air conditioning. Once commissioned, the microturbines will reduce the operating costs of each resort by lowering their overall energy usage and reducing their demand during peak hours.
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide.
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