New Global Venture in the Energy Sector

Business mogul and oil executive Miguel Galuccio is teaming up with Riverstone Holdings Ltd., the largest private energy focused equity firm, to attract and work with other large investors and sovereign-wealth funds to take advantage of opportunities in energy investments on a global scale

Riverstone Holdings is already involved in the rapidly growing energy market in Mexico.

Pierre Lapeyre and David Leuschen, the men behind Riverstone Holdings Ltd., have amassed more than 34 Billion dollars in the last decade and a half to provide growth investment in several power and energy corporations including nine private funds. Miguel Galuccio has returned to Schlumberger Ltd., where he once employed, to serve as a member of the board. Schlumberger LTD. is excited to have his 20- plus years of experience that touches all five continents. 134

Mexico is moving strongly in the field of energy reform. Pemex, also known as Petroleos Mexicanos, has relinquished their almost total control of the energy market they’ve had for the last 75 years allowing for gas and oil reserves to use new technological advances from around the world that will better develop the capabilities to bring more oil and gas at a cheaper price.

Galuccio is familiar with doing business in south America having been the chief executive for YPF SA in Argentina. There he made great strides in refining the entire process of getting oil from shale and then out to the market. He did this by closely and personally working with the Dow Chemical Corp., the Chevron Corp. and also with Petroliam Nasional Bhd.

Galuccio’s 13 years working at Schlumberger resulted in a new and successful overall production model that combined customer rates with the increase in the company’s production. To facilitate investment from the private sector, he created a different type of service incentive contracts known by the acronym CIEP

The Mexican government took a huge leap forward in this new global venture in the energy market with an extremely successful auction for rights to deep water oil that had the Chevron Corp. and the Exxon Mobil Corp. as big winners.

The goal for Mexico is to have this act as a springboard to get more outside investors from every continent to fund the growth and development of oil and gas reserves all throughout Latin America.

Categories: Energy
Apr
25

Discovering the Hottest Hotels to Stay at in the Cayman Islands

The Cayman Islands has a lot of wonderful hotels for visitors that are trying to make the best of their time away from home. A vacation to the islands is something that a lot of people like to invest in. When tourists come to the Cayman Islands they will find more than a few pleasurable spots that they can choose for their lodging while away from home.

One of the hottest spots in the Cayman Islands has been the Ritz-Carlton. This is the top of the line when vacations want a luxury spot that has all the perks. This is a hotel that has private balconies, a spa and a golf course. People that decide to make the most of their vacation to the Cayman Islands will take interest in experiencing the best of luxury. There are also fitness rooms for people that want to work out.

Another spot that seems to get a lot of accolades in the Cayman Islands are Grand Cayman beach hotels like Ken Dart’s Kimpton Seafire. Celebrities like Orlando Bloom and Bill Paxton have been sighted near there. It is not uncommon for movie directors to shoot movie scenes in the Cayman Islands so star sightings can be fairly common. People that come to this location for lodging will find that there are tour operators that provide guests with things like scuba excursions and kayaking. There are also opportunities for people to play golf or retreat to a spa. Guests can really enjoy themselves here when they visit the nearby shops if they are looking for souvenirs.

When it comes to business, there are a lot of businesses in the Cayman Islands. Stingray Charters, for example, is a business that gives people access to the Cayman Islands in a way that brings the sea to life. The Cayman Luxury Property Group is like another business in the Cayman Islands that people may consider if they would like to buy or rent property in the Cayman Islands.

When it comes to tourism the Governor’s Beach is an obvious spot for people that are interested in getting sand in their toes. The Pedro St. James National Historic Site is a spot for those that are interested in the history of the Cayman Islands. There are a lot of other spots like Cayman Crystal Caves and Seven Mile Beach that tourists also like to visit. The island provides a ton of incredible experiences.

Categories: Entertainment
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Mar
01

What Investors Look For In NYC Urban Real Estate Development

New York urban real estate is consistently expanding and creating substantial revenue for the city. Furthermore, urban real estate development is a becoming the face of NYC with commercial and real estate landscaping. Joe Sitt of T hor Equities and other investors are putting their money forth for the development of new property are looking for the right property and New York is always a favorite. Investors are also looking for a substantial revenue with their real estate investments. More importantly, a good investment will include good tenants that will not damage or destroy your their property because that is a significant part of their investment.

Urban New York City Real Estate Developers

Tadao Ando is a major power player in NYC urban real estate development. Their elegant condominiums contribute to the New York timeline. They are committed to working with other key developers including Leny that will bring a new 35 story residential tower to 35th street. They are interested in development investors that will continue to allow purity from the architecture of master designers. They currently having investment holdings of over $5.75 million dollars in assets. There is something special to each one of their designs.

If you noticed a contemporary Asian design in recent New York development, this can be contributed to SCDA Architects. As well as being a high profile development their fine group of architects double as interior, landscaping, and product designers. They provide a wide range of services to ensure that you get luxury development opportunities every time. In fact, they will be designing and co-designing several properties in New York. There most popular design will be a 38-story residence tower that will be located on 59th street. Their developments recently won an award from the British Institute Of Architects.

Sorgente Group Of America is a very popular New York developer with the lovely Veronica Mainetti being very competitive as a female in a male dominated industry. She is responsible for a $4.58 million condominium conversion in the Tribeca area. Her real estate development team focuses on historical restorations and preservation’s in New York. They are also interested in eco-friendly development that will eliminate organic compounds used in most development properties located in New York. Their motto is sustainability, affordability and efficiency. Mainetti will continue to be one of the highly sought after players in New York urban real estate development.

Categories: Environment
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Mar
01

Giving Hope Through Urban Real Estate Development to New York City Neighborhoods

Urban renewal generally referred to as revitalization of land in different areas of moderate to high-density urban land use. Over the year’s urban renewal has become based on more renovation and investment than on destruction.

New York City’s landscape is now becoming a-thing-of-the-past with deteriorating and dilapidated buildings and landscapes in many neighborhoods. Joe Sitt, an investor in real estate, the founder of Ashley Stewart, a retail chain, Town Residential, a brokerage firm in Manhattan, and Thor Equities, has invested in the cause for renewing the irreparable urban squalor that was once the neighborhood.

The Center for Urban Real Estate is the moving force behind this rejuvenation and they now have numerous amounts of builders and banks to help with the projects. Goldman Sachs’ Urban Investment Group has invested $26 million for the renovation of Golden Heights.

Cook and Fox Architects along with the Durst Organization have completed a project of a Front Street landmark that now looks like it will become a tourist mecca once again.

The Carnegie Corporation, the Center for Urban Real Estate and a Columbia University professor and real estate development expert have been instrumental in revitalizing Lower Manhattan.

Many well-known celebrities have been involved in the urban real estate development program in their own homes and their former neighborhoods. People like Tyra Banks, Jon Bon Jovi, Gwyneth Paltrow, Madonna, Brooke Shields, Harrison Ford, and news anchorman Anderson Cooper have renovated their own dwellings, spending their own money to help set a precedence for the future neighborhoods.

In the heart of New York, between 10th and 12th Avenues from West 30th to West 34th, you will find Hudson Yards. For decades Hudson Yards was isolated by a massive open rail yard but is now being turned into a convenient neighborhood which with the introduction of the new mass transit will become the center of the metropolitan region. This will be a place for communications and art as well as a hub for fashion, and design. Hudson Yards is now the home of Google and other digital media and technology firms.

New York had a choice and they made an investment in the renewal of run-down neighborhoods that is paying for itself. Now there are new places to live and work, have a better life and has engendered hope for these neighborhoods that had long ago lost hope. Now they have a new and improved neighborhood in which to live and grow.

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Feb
14

Skyscrapers owned by New Yorkers

New York City is home to some of the tallest and most famous skyscrapers in the world. Not only are many of these buildings famous for their size and architecture, they are well-known attractions for famous visitors and tourist from all over the world. While many people may be familiar with many of NYC’s most famous skyscrapers, most have no idea who owns them. Here are a few facts about some of the New York’s most renowned skyscrapers and the people who own and visit them.

The Empire State Building

This is probably the most famous skyscraper in New York. Not only is this 1,454 foot building (ESRT) the place where King Kong climbed to meet his untimely death in both the 1933 and 2005 movies, it’s been visited by many celebrities. NFL running back Barry Sanders and music sensation Ashanti are just a few celebrities who had taken in views from atop this classic beauty. From 1931 thru 1970, the Empire State Building was the tallest building in the world and is considered one of the Seven Wonders of the Modern World by the Amercian Society of Civil Engineers. If you’re wondering who owns this classic icon of architecture, then you may be surprised to learn that the Empire State Building is not owned by any one individual but by Empire State Realty Trust.

The Chrysler Building

Rising to a height of 1.046 ft., the Chrysler Building has been an Art Deco part of New York’s landscape since 1930. The building was originally designed and built for the Chrysler Corporation but the corporation never paid for construction and Walther P. Chrysler opted to pay for the building thus becoming its first owner. The building has changed hands several times since 1930. As of now, The Chrysler Building has two owners: the government of Abu Dhabi which owns 90 percent, and Tishman Speyer Properties which owns 10 percent but continue to control and manage the property. The Chrysler Building has seen a lot of celebrity visitors since its construction back in 1930. Albert Einstein, George Bernard Shaw, and Queen Elizabeth II have all taken is views from this historic building.

One World Trade Center

The 6th tallest building in the world, One World Trade Center is a beacon for tourist and celebrities alike. Recently completed in 2014, this building is not only a powerful symbol of hope and rebirth to the American people following the destruction of the twin towers, it’s a marvel of modern architecture. The building has two amazing memorial pools dedicated to the 9/11 tragedy. WTC, which is currently owned by Port Authority of New York and New Jersey, has seen many rich and famous visitors such as Drew Carey, Charlie Sheen, and Mark Wahlberg.

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Feb
07

Why Fracking Is Actually A Good Thing

What Is Fracking?
Hydraulic fracking is the process of drilling into shale to find oil. For over 65 years various companies have used fracking to tap into vital sources of oil. Currently, many companies are interested in increasing the amount of fracking that occurs in the United States. With fracking America can finally achieve energy independence, but there are far more reasons to support it beyond that. Fracking can bring jobs to America and reduce the cost of gas you see at the pump.

How Will Fracking Help America?
Energy independence is an important but under discussed topic. Today, we receive far too much of our oil from foreign sources such as Saudi Arabia. This leaves us open to various dangers if politics or international relations fails to go the exact way we need them to. For instance, if a war breaks out or something prevents these foreign suppliers from meeting demands, we are simply out of luck. Fracking on American grounds prevents all of these dangers from occurring. We can finally free ourselves from our dependence on our relationship with other countries in a way that benefits all Americans.

Will Our Economy Improve?
Fracking is almost certain to bring jobs to America. Obviously, the fracking requires workers to man the drilling equipment and drivers to deliver the oil. Beyond that direct improvement to our job market fracking will reduce the price of gas and the price of goods will decrease with it. That means even if your job is not directly tied to the oil industry you will still benefit on some level from fracking. There are plenty of critics out there that will tell you fracking is harmful to America, but the benefits are clearly there.

Who Should I Believe On This Issue?
You’ve probably already heard the frequent criticisms laid against fracking, but there’s clearly much more than critics want to discuss. Fracking gives America a chance to make itself more independent, more prosperous, and more efficient. The energy reserves we can tap into from hydraulic fracking are greater than anything we could possibly expect from other countries. Fracking makes our country stronger and gives us the opportunity to steer the direction of our future. If fracking can finally take off, the American oil industry may soon turn into the largest oil industry in the entire world.

Categories: Energy
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Jan
25

Maryland Replacement Windows issues ad common questions

When is it Time to Get Replacement Windows?

Most of the time, it is easy to tell your home needs new windows. Condensation on the glass, windows that are difficult to open and close, and window frames that are starting to rot are just a few examples. But sometimes it is not so obvious. This is when you would need the help of a professional replacement window company.

Advantages of Replacement Windows

-Energy savings of 20% a month due to improvements in efficiency
-Improved appearance of your home. New designs and colors can completely update the look of your home.
-Federal Tax Credit. Many replacement windows qualify for a Federal Tax credit of up to $500 in 2016.
-Ease of cleaning. Older windows are not made to tilt inward, making cleaning difficult.
-Maintenance free. Vinyl windows require no painting so they are virtually maintenance free.
-Protection of interior. Many older windows do not have the technology to protect carpet and drapes from fading.

Maryland Area Replacement Window Companies

Living in Maryland requires window professionals who are familiar with the climate. They are better able to recommend the correct type of window to protect against the seasons. When considering new windows, always look to local experts. Maryland has a variety to choose from. Here are some that we’ve found:

Thompson Creek Window Company complaints – two locations in Maryland: Beltsville and Silver Spring. 35 years in the window business.

Kelemer Brothers Replacement Windows – located in Baltimore. The Kelemer brothers started the company in 1999.

American Home Contractors, Inc. – Laurel, MD. Over 50 years’ experience.

CBS Home Remodeling & Repairs, LLC – Ellicot City, MD. Company has been in busing for 13 years.
This is just a small sampling of qualified replacement window companies in Maryland. Always get several estimates and talk to different companies before making your decision. Maryland companies are familiar with the unique hardships produced by the Maryland weather so keep that in mind when evaluating companies. In this case, it truly does pay to ‘shop local‘.

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Oct
19

Sustainable Real Estate Development

The idea of “going green” has infiltrated many aspects of our society today, from simple recycling efforts to buying products manufactured in an environmentally conscious way. Now, the trend is moving into our homes — literally.

Eco-homes and products, solar panels and green home certifications are becoming commonplace in new home development. High-efficiency heating and cooling, green label flooring, water-saving systems and landscapes are quickly rising on the list of home improvements that can add value to a home.

According to the Union of Concerned Scientists, roughly 400,000 homes had rooftop solar panels in 2013 and that number is expected to more than double by 2020, topping 900,000 by that time.

Many organizations offer green home certifications that can also add value to a home. Some certifications focus on energy efficiency while others examine where building materials came from and the amount of waste generated during construction.

The D.C. Department of Energy and Environment, along with the Institute for Market Transformation, conducted a study that analyzed whether environmentally conscious features and improvements raised the market value of the homes. Appraisers compared homes with energy-conserving features with similar types of homes without the “green improvements.” They found that buyers were willing to pay between 3 percent and 7 percent premiums on the sustainable homes.

On the west coast, the University of California Berkeley and UCLA conducted a study of 1.6 million home sales between 2007 to 2012. These organizations found that green certifications such as  Energy Star increased home sale prices by an average of 9 percent.

About 66,000 San Antonio home sales were analyzed for energy efficiency, which included  improvements such as high-efficiency HVAC systems and dual-pane windows. This study found that these energy efficient homes sold for nearly 6 percent more compared to other homes in the area without such features.

In fact, Real Estate Professionals like Than Merrill, who buy and sell fixer upper homes for a living has seen this trend firsthand, especially with younger home buyers. “Sustainable upgrades can maximize earnings potential.” says Merrill. “The interest Millennials have shown in sustainable homes should be all the evidence a person needs to adopt these practices. Seeing as how Millennials represent the largest share of recent buyers, it only makes sense to adapt your investing strategy to meet their needs.”

Although “green improvements” like high-efficiency appliances and heating and cooling systems have been around for some time, new environmentally sustainable options such as “green building materials” and certifications will become more popular. It is likely that these and additional environmentally sustainable options will increase the value of homes across the country.

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Oct
14

Producing energy from fracking

Fracking stands for hydraulic fracturing and has been used for over 65 years. Hydraulic fracturing is a process that is used to drill down into the earth. Once the whole has been drilled down, a pressurized water mixture is shot down into the rocks to release the gas that is inside. What is fracking water made of? It includes water, sand and other chemicals. Using a high pressurized mixture is able to help reduce friction and prevents the pipes from corroding. This method helps to protect the environment and helps to boost well efficiency. The fracking process can be done vertically, but it is more commonly done horizontally. Drilling horizontally into the rock layer is able to create new paths that help release gas. While many people think that fracking is a bad thing, there are actually many benefits that can be gained from this type of drilling.

Over the years, fracking has started to use a combination of advanced hydraulic fracturing and horizontal drillings. Choosing to use these cutting-edge technologies has made it possible for the U.S. oil and natural gas production to soar.

Gain Access to More Oil and Gas
Fracking has also created a way to tap into vast oil and natural gas reserves that were previously blocked by tight rock formations. It is estimated that in the future, over 90% of natural gas wells will be using this hydraulic fracturing method. With higher amounts of gas being accessed, the price of gas has been able to get cheaper and cheaper. This is due to the fact that there is an abundance of it all around the world. The vast amount of gas means that we have created a longer period of time to find a better and more effective way to power our cars, heat our homes and cook our foods.

No Longer have to Rely on Foreign Countries
There has always been a lack of fossil fuels. That coupled with the fact that they are not scattered evenly around the world has created a large amount of tension in many countries around the world. But having access to many new gas deposits means that we no longer have to depend on other countries for our oil and gas.

Employment Opportunities
The increase in production also has a positive effect on the employment rates. Since fracking is able to access numerous oil and natural gas deposits the number of employed people will actually rise. With the increase in fracking technology, there has been a 67% increase in the employment rate.

Categories: Energy
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Sep
01

The Purchase of Rock Oil Holdings’ by SM Energy Company

SM Energy Company, a Denver-based oil and gas company, recently acquired Rock Oil Holdings LLC, a Houston and Denver-based oil and gas company focused on the Permian Basin, for $980 million. Rock Oil Holdings was sold by Riverstone Global Energy and Power Fund V.L.P. and their minority partners. Riverstone Holdings LLC made the news public after signing a definitive agreement pursuant to the acquisition of Rock Oil Holdings LLC by SM Energy Company. Subject to customary closing conditions, the transaction is anticipated for closure in early October.
By applying its land and technical expertise, Rock Oil Holdings was formed in March 2014 for the acquisition and advancement of top-tier North American unconventional plays. Over the years, the company has executed a number of acquisitions which positions it over 24,783 net acres in Permian’s Midland Basin Component.
The company is led by two very exceptional leaders who have had past experiences in the exploration and production companies. Kyle R. Miller, the Chief Executive Officer of Rock Oil, has had years’ worth of experience in the industry and the president, Jason Cansler, has had fifteen years’ worth of experience with Wells Fargo and Chevron. The company’s CEO mentions his pride in the company’s commendable achievement in establishing its presence in the core of the leading production basin in North America. Rock Oil Holdings continues to overcome despite the challenging commodity price environment due to the innovativeness of the Rock Oil Team and the symbiotic relationship with Riverstone Holdings LLC.
A partner and Managing Director at Riverstone stated that the relationship between their company and Rock Oil Holdings was very beneficial and commends on Kyle Miller and Jason Cansler’s impressive leadership abilities. He mentions that the company’s success was facilitated by its wealth and technical expertise in assembling top acreage in Howard Country. All these and many other factors go a long way to show how promising it is for the future of SM Energy Company. The transaction went through with Jefferies serving as the financial advisor of Rock Oil and Riverstone Holdings LLC. Other financial advisors who played a role in the transaction include Petrie Partners and Latham & Watkins LLP.
The company was founded by David M. Leuschen and Pierre F. Lapeyre, Jr. in 2000. It is an energy and power-focused privately owned firm, with over $34 billion in capital raised for the efforts of this venture, the company carries outgrowth capital investments and buyout in oilfield services, exploration and production, midstream, power and renewable sectors of the energy industry.

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Aug
10