Energy and power-focused private investment firm Riverstone Holdings LLC has added former Anadarko Petroleum Co. executive James T. Hackett to the firm as a partner and co-head of the Houston office.

CIT Group Inc.has arranged a $60 million senior secured credit facility for Independence Contract Drilling (ICD), a vertically integrated premium land drilling services provider, to build a fleet of fast moving land-based oil and gas programmable AC drilling rigs. 

Energy private equity firm First Reserve and a veteran management team have formally launched Century Midstream LLC, a new energy company focused on the development, acquisition and expansion of midstream assets across North America, with an emphasis on emerging liquids and liquids-rich shale plays.

EXCLUSIVE INTERVIEW WITH WILLIAM E. MACAULAY AND JOHN A. HILL OF FIRST RESERVE

Ernst & Young released its bi-annual oil and gas Global Capital Confidence Barometer on May 7. It highlights that nearly half (44%) of the 152 oil and gas company executives surveyed believe the global economic situation is improving, up from 27% in October 2012.

National Oil Companies (NOCs) are transforming themselves into lean, professionally managed enterprises, shaking off old criticisms of being overstaffed and underfunded.

An approach for deriving maximum business benefits from physical assets

Nestled to the east of the jagged Rocky Mountains and the crowded population centers of the Front Range is Colorado’s Eastern Plains.

Given the significant expansion of oil and gas companies globally, the need for industry players to align and coordinate local operations with corporate strategy has never been greater.