Energy sector-focused Valmie Resources Inc. launched Aerolift eXpress, an elite unmanned transportation service that uses military-grade vehicles and systems, through a joint venture with a privately held technology startup company, according to a May 2 press release.
The product’s launch was announced at the recent 2016 Offshore Technology Conference (OTC) in Houston.
CEO and founder James Stafford said that through the joint venture project, Valmie could provide the global energy sector with leading-edge military technology.
Valmie, which works in commercialization of unmanned aerial system technologies and solutions, said Aerolift can deliver payloads up to 14 pounds in a 250-mile radius.
Valmie holds a Section 333 Exemption to operate unmanned aircraft within the U.S. National Airspace System.
Recommended Reading
SilverBow Rejects Kimmeridge’s Latest Offer, ‘Sets the Record Straight’
2024-03-28 - In a letter to SilverBow shareholders, the E&P said Kimmeridge’s offer “substantially undervalues SilverBow” and that Kimmeridge’s own South Texas gas asset values are “overstated.”
SM Energy Declares Quarterly Cash Dividend
2024-03-26 - SM Energy’s dividend will be paid out on May 3 to stockholders on record as of April 19.
Matador Stock Offering to Pay for New Permian A&D—Analyst
2024-03-26 - Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.
Par Pacific Asset-based Revolving Credit Bumped Up by 55%
2024-03-25 - The amendment increases Par Pacific Holdings’ existing asset-based revolving credit facility to $1.4 billion from $900 million.
California Resources Corp. Nominates Christian Kendall to Board of Directors
2024-03-21 - California Resources Corp. has nominated Christian Kendall, former president and CEO of Denbury, to serve on its board.