Wednesday, 9 December 2015

ExxonMobil Gift Helps Jonathan’s Place Serve North Texas Children - 09/12/2015

ExxonMobil Gift Helps Jonathan’s Place Serve North Texas Children


  • $50,000 donation kicks off Garland non-profit agency’s 25th anniversary
  • Jonathan’s Place provides vital services for abused and neglected children
  • ExxonMobil’s annual holiday gift supports North Texas community organizations

Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation (NYSE:XOM), today presented Jonathan’s Place with the company’s annual holiday gift of $50,000, advancing the nonprofit agency’s mission of providing housing and specialized services to abused, abandoned and neglected children from newborns through adolescence. ExxonMobil’s donation kicks off the agency’s 25th anniversary year, during which it will celebrate its long-standing commitment to North Texas children.

“Jonathan’s Place provides critical life-saving support services to those who are most vulnerable during times of crisis,” Tillerson said. “ExxonMobil is proud to support its mission and celebrate its dedication to North Texas children for more than a quarter of a century.”

Established in 1991 as the first licensed foster group home for drug-addicted infants and small children in Texas, Jonathan’s Place remains the only licensed emergency shelter in Dallas County serving children in crisis under the age of 5. In addition to serving clients through its emergency shelter, the organization advocates for foster care and adoption, and has an extensive program to support families who open their homes and hearts to children in need. Five years ago, its services expanded to offer a program providing a therapeutic approach to overcoming the traumatic effects of physical and mental abuse, specifically for girls in the child welfare system.

In 2014, Jonathan’s Place provided loving homes, supplies and outreach to over 11,000 children across 19 Texas counties. The agency offers a range of client-tailored services, ensuring that children in its care receive medical and dental care, developmental and psychological assessments, weekly individual and group therapy, educational support and more.

“We are extremely grateful to Mr. Tillerson and ExxonMobil for supporting our devotion to providing a safe haven for abused and neglected children,” said Allicia Frye, CEO, Jonathan’s Place. “This gift is truly a blessing as the holidays and our 25th anniversary approach.”

ExxonMobil established the holiday gift in 2006 to support North Texas nonprofit agencies during the holiday season. Past recipients include ACH Child and Family Services, Children’s Advocacy Center of Denton County, Grapevine Relief and Community Exchange (GRACE), Interfaith Housing Coalition, Irving Cares, Lena Pope Home, Presbyterian Night Shelter of Tarrant County, St. Philip’s School and Community Center, and Vogel Alcove.

OptaSense and GASOS finalise agency agreement - 09/12/2015

OptaSense and GASOS finalise agency agreement

OptaSense, a QinetiQ company and the global leader in Distributed Acoustic Sensing (DAS), has signed an agency agreement with Abu Dhabi’s Gulf Automation Services and Oilfield Supplies (GASOS). The agreement has been registered with the UAE Ministry of Economy.

The contract marks a significant milestone in OptaSense’s Middle East business strategy and covers the Abu Dhabi oil and gas market, represented by the Abu Dhabi National Oil Company (ADNOC) group of companies, which focus on the oil and gas production cycle from exploration and production to processing and distribution. 

Under the agreement with GASOS, upstream activity including well completion, production and evaluation will be covered by OptaSense’s Oil Field Services division.  Downstream activity, primarily focusing on pipeline integrity monitoring, will be supported by OptaSense’s Infrastructure Security Monitoring division.

OptaSense’s industry-leading DAS solution provides enhanced data acquisition, monitoring and visualisation systems which retrieve detailed information across multiple functions via a single fibre-optic cable. Any changes to conditions in a well or pipeline are fed back through an interrogator unit in real time, allowing users to identify and address issues early and maintain the highest level of integrity and product throughput.

James Pollard, the CEO of OptaSense, explained the benefits of the newly formed relationship. “We are extremely proud to announce our association with GASOS, which has been a prominent company in the local oil and gas market for many years. Its business belongs to one of the most respected and successful families in the country,” he said.

“We have high optimism and expectations that our combined technical capabilities and award-winning DAS solutions, with the in-depth market expertise of GASOS, will yield great benefits and efficiency gains for our clients in the UAE, particularly given the current low oil price.”

 Samir Al Gharbi, General Manager of GASOS Ltd, added: “We at GASOS are delighted to be associated with and represent a well-established high-tech company who has an impressive and proven track record. We are excited and look forward to a mutually beneficial, fruitful and long term relationship with OptaSense.”

Tuesday, 8 December 2015

SUPPORT FOR CGG’S PLANNED CAPITAL INCREASE - 08/12/2015

SUPPORT FOR CGG’S PLANNED CAPITAL INCREASE

Following the announcement made this morning concerning its proposed capital increase, CGG welcomes the support of Bpifrance, a 7.04% shareholder, which has just announced that it plans, alongside IFP Energies Nouvelles, to subscribe to this capital increase at the level of the current shareholding of the two parties acting in concert, i.e. 10.62% of the capital, subject to the final terms of the transaction which will be determined during the effective launch of the capital increase.

Furthermore, CGG has been informed that Total intends to support, if necessary, CGG’s capital increase, which will be submitted to the approval of its shareholders, up to a maximum amount of €35m, subject to the final terms of the transaction which will be determined during the effective launch of the capital increase.

HB Rentals delivers early Christmas present to local primary school - 08/12/2015

HB Rentals delivers early Christmas present to local primary school

Offshore accommodation and workspace specialist HB Rentals has donated a storage container at a value of £4,000 to Crombie Primary School located in Westhill, Aberdeenshire.  

Primary six pupils sent a letter to the company asking for help in storing their outdoor play equipment, which includes everything from footballs and space hoppers to chess and draughts pieces. HB Rentals kindly decided to donate a 20ft x 8ft steel container from its rental fleet, which was then customised according to the school’s specific requirements to incorporate power and lighting, wall lining for thermal insulation and storage racks to help keep everything neat and tidy.

Henry Hepburn, head teacher at Crombie Primary School said: “We are ecstatic to have a brand new container for storing all of our outdoor play equipment. We were unable to buy a suitable good quality unit ourselves, so to have HB Rentals kindly donate one is fantastic and I know both the children and teachers are so grateful.

“The storage container will help the pupils learn about responsibility and taking care of their things and we would not have been able to do this without the generosity of HB Rentals.”

Crombie Primary School’s deputy head teacher Angela Pond worked with council officials to decide on the site while HB Rentals prepared the container for delivery during the October holidays, so as not to disrupt the school during term time.

Norman Porter, managing director, HB Rentals commented: “We think it’s important to support the local communities that we live and work in, and our team were very enthusiastic about helping the children at Crombie Primary School to improve their playground.”

Monday, 7 December 2015

IMPLEMENTATION OF THE TRANSFORMATION PLAN - 07/12/2015

IMPLEMENTATION OF THE TRANSFORMATION PLAN

Planned €350 million share capital increase
with preferential subscription rights

After careful review of the different options to address the Company’s financing needs as announced on November 5 2015, CGG intends to launch a capital increase to finance in particular the Group’s Transformation Plan. 

CGG announces today the convening of a combined general shareholders’ meeting in order to delegate authority to the board of directors to decide on a capital increase of a maximum amount of €350 million (issue premium included) by issuance of ordinary shares with preferential subscription rights for shareholders.

This strengthening of the Group’s equity would complement its current refinancing transactions. The approximately $126 million of CGG’s $135 million outstanding 2017 bonds that have been tendered for cancellation during the early tender period of CGG Holding (U.S.) Inc.’s ongoing exchange offer and the €84 million Fugro loan will be replaced by a secured term loan due 2019. At the end of this process, most of CGG’s 2016/2018 mid-term debt will have been rescheduled. 

Subject to the approval of the general shareholders’ meeting and market conditions, this capital increase will be launched as soon as possible following the general meeting. The final terms of this transaction will be determined by the Company’s board of directors.

The general meeting is convened for January 11, 2016 at 10:00 am (Paris time) at the following location: Centre d’Affaires Paris Victoire, 52 rue de la Victoire, Paris 75009, France.

CGG ANNOUNCES EXCHANGE OFFER EARLY TENDER TIME RESULTS - 07/12/2015

CGG ANNOUNCES EXCHANGE OFFER EARLY TENDER TIME RESULTS

Approximately $ 126 million of the outstanding 2017 Senior Notes tendered 
CGG Holding (U.S.) Inc. (“CGG US”), an indirect subsidiary of CGG S.A. (CGG S.A. together with its subsidiaries, “CGG”), announced today the Early Tender Time results in relation to its offer to exchange (i) any and all of CGG S.A.’s outstanding 7¾% Senior Notes due 2017 (CUSIP 204386AK2 / ISIN US204386AK24) (the “2017 Notes”) and (ii) up to $135,000,000 combined aggregate principal amount of CGG S.A.’s outstanding 6½% Senior Notes due 2021 (CUSIP 204384AB7 / ISIN US204384AB76) (the “2021 Notes”) and 6⅞% Senior Notes due 2022 (CUSIP 12531TAB5 / ISIN US12531TAB52; CUSIP F1704UAC8 / ISIN USF1704UAC83; CUSIP 12531TAA7 / ISIN US12531TAA79) (the “2022 Notes”) for senior secured term loans (the “Term Loans”) and, if applicable, cash (the “Exchange Offer”).

The terms and conditions of the Exchange Offer are detailed in an Offer to Exchange Statement dated November 19, 2015 (the “Offer to Exchange Statement”). This announcement should be read in conjunction with the Exchange Offer announcement of CGG US dated November 19, 2015. 

Early Tender Time Results
The information and exchange agent for the Exchange Offer has reported to CGG US that approximately $126 million in aggregate principal amount  (approximately 93%) of the outstanding $135 million aggregate principal amount of 2017 Notes had been tendered at or prior to 5:00 p.m., New York City time, on December 3, 2015 (the “Early Tender Time”). Additionally, aggregate principal amounts of approximately $45 million  of the 2021 Notes and $80 million of the 2022 Notes, respectively, had been tendered at or prior to the Early Tender Time. 

Exchange Offer Expiration Time
The Exchange Offer will expire at 11:59 p.m., New York City time, on December 17, 2015, unless extended or earlier terminated as described in the Offer to Exchange Statement (the “Expiration Time”). CGG US reserves the right to extend the Expiration Time in its absolute and sole discretion.

Thursday, 3 December 2015

CERTAS ENERGY OFFER VALVOLINE TECTYL PRODUCTS - 03/12/2015

CERTAS ENERGY OFFER VALVOLINE TECTYL PRODUCTS

Valvoline is one of the recognised brands offered through Certas Energy, and supplies a complete range of superior quality fluids as required by a fleet, including a range of lubricants and the Tectyl rust prevention range.

Certas Energy stocks comprehensive range of Valvoline Tectyl products, whose protective coatings exhibit strong adhesive properties with metal surfaces, in turn forming an active polar binded rust preventive barrier. Tectyl products are engineered for short- or long, indoor or outdoor exposure. They are designed to help metal surfaces resist the effects of moisture, salt spray and even harsh corrosives.

Tectyl is a globally recognised brand in industries such as passenger car OEM, truck and bus OEM, railway, military, spare parts, marine, container and power generation, general industrial manufacturing and the concrete industry.

Tectyl products are formulated in a variety of coating types from thin, clear coatings and heavy-duty wax, to black bituminous products. Some are available as non-solvent or waterborne form, where products with a high solvent content are not permitted for environmental, health or safety reasons. The Tectyl product range also includes a sound-damping product line called V-damp, a sprayable liquid sound damper with applications in various industries where metal vibrations need to be.

For more than 85 years, customers around the world have chosen the Tectyl brand for innovative solutions, service and expertise – making Tectyl products the driving force in rust protection!

Seeking new acreage on the NCS - 03/12/2015

Seeking new acreage on the NCS 

Statoil has delivered its application for the 23rd licensing round on the Norwegian continental shelf to the Norwegian authorities.

It is expected that the Ministry of Petroleum and Energy will announce the awards late first half of 2016.

The round represents the first opening of new acreage on the Norwegian continental shelf (NCS) since 1994. Statoil’s application aims to significantly contribute to the company’s ambition for 2030 and beyond.

“Statoil has been the guarantor for exploration and development in the Barents Sea since the mid-1980s and we have a clear ambition to remain in that role. The acreage offered is interesting and important and we hope we will earn the opportunity to drill as early as in 2017,” says Jez Averty, senior vice president Exploration Norway.

“Acreage in the 23rd round has significant volume potential, but never-the-less there is a debate where some say that these resources will not be commercial. We believe otherwise and our application is proof enough of that. Statoil’s preparations for our 23rd round application have included developing technology solutions that will reduce the break-even price per barrel for the significant discoveries we hope to make in the Barents Sea.”

In the run up to this licence round, the cooperation within the industry has been unprecedented. In the Barents Sea Exploration Collaboration project, 16 companies are cooperating to find common solutions for exploration operations in the Barents Sea and to ensure cost-effectiveness and good safety standards.

In 2014, Statoil was operator for a group of 33 companies cooperating on seismic surveys in areas included in the licensing round.

The NCS is the backbone of Statoil and Statoil has an ambition to maintain production at current levels through to 2025-2030 and beyond.

Wednesday, 2 December 2015

Summit offers decom strategies during ‘dead-money gold rush’ - 02/12/2015

Summit offers decom strategies during ‘dead-money gold rush’

Forging a sound decommissioning and abandonment (D&A) strategy in an extended period of cheap oil is the focus of the global industry’s largest knowledge-sharing event to be held early in the new year in Houston.

Billed as the “dead-money gold rush”, a medium-term future of depressed oil prices offers unique opportunities for operators and service providers to take a strategic approach to decommissioning, say organizers of the 8th Annual Decommissioning & Abandonment Summit, to be held February 23-25.

The announcement of new speakers and specially-tailored workshops at the Summit comes as a Reuters poll of analysts’ forecasts an even lower price of oil into 2016.

The average price forecast for benchmark North Sea Brent crude futures for next year, at $57.95 a barrel, is 57 cents below last month's poll, the Reuters survey of 31 analysts showed on 30 November.

“With the downturn set to continue as it has, major platform abandonment decisions look set to be brought forward as operators across the Gulf of Mexico and North Sea take advantage of lower execution costs and get those marginal fields off the books as soon as possible,” said Paul Soskin, program director for Summit host, DecomWorld.

“D&A spend is usually seen as dead money, but the opportunity for the service sector will be a major source of relief as operators come to grips with one of the harshest downturns we’ve seen.”
He added: “We’re predicting a real gold rush as operators of all sizes recognize the need for new tools, technology and project support if they’re to avoid succumbing to the chronic D&A overspends they’ve made since the very first well was abandoned.”

New to the 8th Annual Summit is a special workshop on the decommissioning of Shell’s landmark North Sea Brent Field, allowing delegates to evaluate the best practices integrated into the final D&A plans.

Sessions lead by Shell, Chevron and Anadarko will provide exclusive insights on how to bring forward D&A cost planning to increase the dollar return of all expenditure.
More than 600 D&A executives, specialists and regulation and policy makers are expected to gather and share essential information, with attendance already up by more than 10% on last year, organizers said.

“As forecasts of the oil price remain grim, forecasted spend on decommissioning continues to rise, as evidenced by the latest market analysis in the UK North Sea,” said Paul Soskin. “We know that operators are demanding better solutions and more joined-up thinking from the D&A supply chain in order to drive down the unwelcome expenditure of D&A activity.
“This year’s Summit will be a crucial opportunity to tap into the best and latest thinking on new technologies and strategies, both for operators and service providers, to make the most of a challenging situation.”

ExxonMobil Launches Mobilgard 300 C Marine System Engine Oil - 02/12/2015

ExxonMobil Launches Mobilgard 300 C Marine System Engine Oil

Next generation oil designed to help maximise performance of slow-speed engines

·         Delivers enhanced engine cleanliness

·         Enables improved protection of highly loaded engine parts

·         Approved by MAN and Wärtsilä for use in two-stroke, crosshead marine engines

ExxonMobil has launched Mobilgard™ 300 C, a high-performance system oil for two-stroke, crosshead marine diesel engines operating under severe conditions. Compared with convential system oils, Mobilgard 300 C offers superior engine cleanliness, better engine protection and longer oil life. 

Formulated with a unique detergent system, Mobilgard 300 C delivers enhanced crankcase cleanliness, which helps to prevent build-up of piston undercrown deposits. The new system oil performs well even in the presence of moderate amounts of contamination by cylinder oil or heavy fuel oil while its anti-wear additive system provides excellent protection for highly-loaded engine parts such as gear drives and bearings.

“Mobilgard 300 C is a high-performance system oil that is formulated to optimise the performance and extend the life of slow-speed marine engines,” said Iain White, Global Marine Marketing Manager for ExxonMobil . “It has been developed with a proprietry detergent system to ensure it delivers enchanced engine cleanliness and helps vessel operators increase reliability and reduce operating costs.”

The oil is specifically designed with an additive package that ensures high temperature oxidation resistance, making it less susceptible to viscosity thickening and deposits. In addition, Mobilgard 300 C offers excellent demulsibility performance, enabling the oil to easily separate from water helping to prevent poor lubricity, corrosion and rust in the engine. Mobilgard 300 C is approved for use in the latest design engines from Man Diesel & Turbo and Wärtsilä.

Alongside Mobilgard 300 C, ExxonMobil has a range of Mobilgard cylinder oils to help optimise the performance of two-stroke engines. This includes MobilgardTM 5100, a high-perfromance cylinder oil specially formulated to mitigate cold corrosion in new design two-stroke marine engines operating on heavy fuel oil. 

Monday, 30 November 2015

TENDEKA ENHANCES R&D AND TRAINING FACILITIES - 30/11/2015

TENDEKA ENHANCES R&D AND TRAINING FACILITIES

Tendeka, the provider of completions systems and services to the upstream oil and gas industry, has invested in a new facility at Minto Drive, Aberdeen. 

The Advanced Completions Technology and Training Centre will enable Tendeka to enhance performance from its industry-leading wireless intelligent completions, reservoir monitoring technologies and advanced data management and utilisation software solutions.  
The detached facility, which covers 8,500 sq. ft. comprises of a R&D assembly and testing area for performance and extended life qualification testing, engineering offices and a state-of-the-art training center.  

“The new facility allows the team to fully exploit their ideas and talents, enabling the game changing technologies to be brought to market within a much reduced time frame. This investment in the current market signals the confidence that Tendeka has in the technology we have to offer and the team developing it,” said John Hunter, Tendeka’s Advanced Completions Director.

In addition, Tendeka has also extended its Peterseat Drive facility, Aberdeen, with the opening of a new swellable elastomer laboratory. Tendeka has over 12 years’ experience developing and deploying swellable packer technology and the ‘swells lab’ will focus on the development of swellable elastomers for extreme and challenging applications.  

Equipped with the latest technology including compound mixers, mills and extruders, the swells lab will enable accelerated development of new advanced swellable compounds in addition to performance testing at well conditions for development purposes and specific client projects.

“This investment in facilities, and in our staff, demonstrates Tendeka’s continued commitment to innovation and service quality.  We will continue to build on our extensive track record improving operational efficiency and enhancing well performance using these new capabilities to expand and support our technology portfolio.,” said Tendeka’s Chief Technology Officer, Annabel Green. 

Tendeka has a proven track record in the provision of completions and reservoir monitoring products, systems and services. Its robust solutions help operators overcome the technological challenges they are facing, as it works to continuously develop its offering to the oil and gas industry.

EXPRO ENTERS QATAR WITH FIVE-YEAR CONTRACT - 30/11/2015

EXPRO ENTERS QATAR WITH FIVE-YEAR CONTRACT

International oilfield services company, Expro, has achieved a significant milestone as it enters Qatar for the first time and expands its Middle Eastern presence with a five-year contract win. 

The contract will see Expro provide its range of well intervention and slickline services including high deviation and heavy-duty fishing offshore Qatar, as well as in drilling and workover locations in-country. 
  
Tarek Hekal, Senior Area Manager – Middle East, said: 

“This contract is a key win for Expro in the region as we expand our presence to better serve our clients.  

“In current market conditions, Expro recognises the need for operators to lower production costs. We will work closely with operators in the region to bring planning, operational and technical expertise that adds real commercial benefit to the cost of intervention.”

For the financial year ending 31 March 2015, Expro’s presence in the Middle East and North Africa region grew with stronger positions in all its main operating countries providing the opportunity to introduce a range of new technologies, products and services into these markets.

Edvard Grieg on stream - 30/11/2015

Edvard Grieg on stream

A new field started producing in the North Sea on Saturday 28. November. Edvard Grieg is operating company Lundin's first major development project on the Norwegian shelf.
Expected recoverable resources from Edvard Grieg total 29 million standard cubic metres of oil equivalents (182 million bbls o.e.), mainly oil.

The field's start-up is in line with the Plan for Development and Operation (PDO). Development costs have risen somewhat, but the increase is within the uncertainty range of plus/minus 20 per cent in the investment estimate in the PDO.

The PDO estimate was 22.8 billion kroner (2015-NOK), while the reported investment estimate ended at 24.8 billion 2015-NOK. This constitutes an increase of nine per cent.

Kværner Verdal built the steel jacket and Kværner Stord built the topsides for the production facility, which will rest on the seabed.

The Edvard Grieg field is in production licence 338, situated on the Utsira High, about 35 kilometres south of the Grane and Balder fields. The field is developed with a fixed platform, resting on the seabed. The oil is transported by pipeline (EGOP) to the Grane oil pipeline and on to the Sture terminal north of Bergen. The gas is transported in a separate pipeline (UHGP), which is tied in to the pipeline network on the UK side (SAGE).

When the plans were laid for developing Edvard Grieg and neighbouring field Ivar Aasen, a decision was made to coordinate the development solutions for the fields. This means that oil and gas from Ivar Aasen will undergo final processing on Edvard Grieg, and will be routed on from there in the same transport systems. The plan calls for production from Ivar Aasen to start in late 2016. The plan furthermore calls for tying in other discoveries in the area to Edvard Grieg as capacity gradually becomes available.

Edvard Grieg will cover the power needs for Ivar Aasen. The licensees in PL 338 are cooperating with other licensees on the Utsira High to find a joint solution for power supply from land.

Thursday, 26 November 2015

SPP Pumps chosen for world’s biggest refinery project - 26/11/2015

SPP Pumps chosen for world’s biggest refinery project

SPP Pumps, a leading designer and manufacturer of centrifugal pumps and systems is providing 24 pumps for the largest refinery in the world, under current construction in Jazan, Saudi Arabia.

The pumps have been specified by Air Products, one of two joint owners of the giant complex that will supply 75,000 metric tons per day of oxygen and nitrogen to the Saudi Aramco refinery. The other joint owner company is Acwa Holdings.

The 12km2 Jazan refinery site will eventually produce 80 million barrels per day of petroleum, 250 million barrels per day of diesel and over one million tonnes per year of other petrochemical products.

SPP Pumps has a long relationship with Air Products, dating back to 2001 when the Reading-based pump manufacturer was selected as its preferred global supplier of general service water pumps. Martin Bagg, Business Manager for Water at SPP is delighted with the contract win: “We’ve been working with Air Products for some years now and so winning this order for such a highly visible project is testimony to the quality, performance and reliability of our products.”
The 24 pumps comprise 12 split case and 12 end suction models, both well established products with an enviable track record for unbeatable performance and low life cost thanks to enhanced reliability and low power consumption.

“Value for money is essential for any project,” continues Martin Bagg “but that needs to be married to other key factors such as minimised downtime, which our customer knows we can provide having partnered with us on many previous occasions. At SPP we have built our reputation on optimising efficiency to give our users the very best value in performance and operational energy usage. We prioritise lifetime running costs achieved through our unrivalled engineering expertise and our customers reap the benefits.”

Contractor £16.6bn ‘stealth tax’ will stall economic growth - 26/11/2015

Contractor £16.6bn ‘stealth tax’ will stall economic growth

A “stealth tax” aimed at the UK’s army of contractors will hit British industry and stall economic growth says a national accountancy firm, despite claims from Chancellor George Osborne that his Autumn Statement “delivers what businesses need”.

Despite protests and appeals for a further review, the Chancellor has pushed ahead with plans to scrap tax relief on travel and subsistence expenses for the nation’s 1.6 million freelance workers.

Danbro provides accountancy and professional employment services to more than 7,000 contractors around the UK and says the decision, which comes into effect from April next year, could cost contractors £16.6bn a year in lost expenses.

Critically, contractors provide a lifeline of skills to thousands of businesses around the UK and the move could cost British industry £7bn as it is forced to make up the shortfall in pay.

Managing director of Danbro, Damian Broughton, says: “The Chancellor started by saying this was a budget that would deliver what businesses need – competitive taxes. The reality is that he’s raided the pockets of contractors and businesses alike with a cynical stealth tax.

“This move could have a potentially devastating effect on some businesses that rely on freelance workers to provide the skills they need. If they want contractors to come to their site they will have to pay much more – many won’t have the capacity to do that.

“The Chancellor also heralded the growth we’ve seen in the UK economy over recent years. That growth was fuelled by our flexible workforce and he’s now putting the brakes on this vital sector by stopping them from travelling to where they are needed.”

The decision to restrict tax relief for travel and subsistence expenses for workers engaged through an employment intermediary, such as an umbrella company or a personal service company will raise just £265m for the Treasury.

However, research by Danbro suggests the move could cost each freelancer an average of £200 a week – totalling £16.6bn a year for the UK’s 1.6m contractors.

A survey conducted by the firm also found just 25 per cent of freelancers would take on a contract without tax relief on expenses from April next year.

Mr Broughton adds: “While the Autumn Statement brought good news for contractors in the shape of numerous infrastructure and building projects, this shortsighted tax grab will hit the temporary worker sector hard.

“The Chancellor repeatedly claimed ‘we are the builders’, but without a strong flexible workforce we won’t be able to build anything.”

Danbro will produce a number of resources and guides to help flexible workers adapt to the new rules when full details are expected to be published on December 9. 

Wednesday, 25 November 2015

Working meetings with CNPC and PetroChina held - 25/11/2015

Working meetings with CNPC and PetroChina held

Beijing hosted today working meetings among Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Wang Dongjin, Vice President of CNPC and Huang Weihe, Vice President of PetroChina.

The parties addressed the progress with the project for constructing the Power of Siberia gas pipeline to supply Russian natural gas to China (eastern route).

The meeting considered the future joint efforts on implementing the Memorandum of Understanding on the project for pipeline gas supply to China from the Russian Far East. The participants also discussed the cooperation within gas-fired power projects.

Penspen awarded engineering study for the development of offshore field in Southern Nigeria - 25/11/2015

Penspen awarded engineering study for the development of offshore field in Southern Nigeria

Penspen, a leading global provider of engineering and management services to the energy industry, has been awarded a contract from Sirius Group to conduct an engineering study for the monetisation of gas reserves from oilfields offshore Niger Delta. A key element of this agreement is the development of gas reserves of the OML 122 field, located in the offshore Niger Delta region 40km from the coastline of Southern Nigeria.

The study is being conducted as part of Project Dawn, a three year development project worth US$1.2billion that includes the construction of a pipeline network to deliver natural gas to the Escravos – Lagos Pipeline System (ELPS), which was designed and constructed under the supervision of Penspen more than two decades ago. The gas from Project Dawn will feed power plants and different industrial applications in Nigeria.

Project Dawn is expected to introduce 250mmscf/d of natural gas under the Gas Sale and Purchase Agreement (GSPA) between Sirius Oilfield Support Services Ltd and Nigerian Gas Company (NGC) a Subsidiary of NNPC.

The project will include an evaluation of the OML-122 field development, subsea gas pipeline and onshore central processing facility. The study will seek to determine the extent of new pipeline and facilities required, and quantify the overall investment required for the project.

The work is planned to include workshops in Nigeria to cover the screening of options, as well as decision and risk analysis.

Peter O’Sullivan, CEO of Penspen said: “We are pleased to have been selected by Sirius Group to provide our engineering expertise for this significant study, which will increase availability and improve accessibility to energy across the region. I am confident our team’s reputation and experience in conducting similar engineering studies worldwide will benefit and deliver value in developing infrastructure for Nigeria’s gas network.”

Tuesday, 24 November 2015

Chancellor’s contractor cash grab will cost UK £16.6bn, warns Danbro - 24/11/2015

Chancellor’s contractor cash grab will cost UK £16.6bn, warns Danbro

As Chancellor George Osborne prepares to rubber stamp a £16.6bn cash grab from 1.6 million contractors across the UK, a national accountancy firm has called for an urgent rethink warning the move will hit British industry hardest. 

The managing director of Danbro, Damian Broughton, says the Government is attacking the lifeblood of the UK economy by changing tax rules for skilled freelancers and warns “the Chancellor is sleepwalking into a catastrophe.

The Government is planning to scrap tax relief on travel expenses for Britain’s army of contractors in a move that will cost each freelancer an average of £200 a week – totalling £16.6bn a year for the UK’s 1.6m contractors. 

It will raise just £265m for the Treasury, but Danbro warns employers will have to pick up an estimated £7bn shortfall for contractors if they want to retain the freelance expertise they need to grow their business.

A survey conducted by Danbro found just 25 per cent of freelancers would take on a contract without tax relief expenses from April. Danbro estimates those who do will see average pay slashed by as much as 20 per cent.

Critically, the move could have a huge impact on the UK’s flexible workforce resulting in many industries struggling to get the skills they need to grow and prosper.

The survey by Danbro, which is based in Lytham St Annes and London and provides financial and accountancy support for 7,000 contractors across the UK, found most freelance workers will not be able to continue without the tax relief and will either seek work overseas, retire or, in some cases, workers claim they will resort to benefits.

Mr Broughton says: “The Government is quite rightly aiming to crackdown on tax avoidance but this move is at best, misguided, and at worst, completely counter-productive for the UK economy. 

“Contractors are a vital resource of skills for thousands of UK businesses and waging war on this sector for a £265m return to the taxman is shortsighted.

“Chancellor Osborne must revisit these proposals and look again at the existing rules and ensure they are being enforced rather than just taking a new approach that penalises everybody. This new system is unfair, will heavily impact UK industry and attacks the modern British way of working.”

The research into more than 3,000 contractors by Danbro showed more than 90 per cent currently claim travel and subsistence expenses and almost 70 per cent of freelancers have a contract of a year or less. 

Under the new rules HMRC plans to stop contractors claiming travel and subsistence expenses if anyone they work with has the right to 'supervise, direct or control' the way they work. The rules will come into force in April of next year if Mr Osborne sticks with the plan in the Autumn Statement on November 25.

Mr Broughton adds: “We do need rules in place to prevent people from abusing the system. These rules do exist and are suitable, but they are not being enforced.

“Travel expenses for genuine temporary workers are a major issue as they are a huge and unpredictable expense. The Government is putting families and workers at risk by slashing their income while also burdening industry with huge costs and a lack of available skills.

“This is putting the UK’s recovery at risk and I fear the Chancellor is sleepwalking into a potential catastrophe simply because he’s seen a quick way to grab some extra tax.”

LEADING OIL ENGINEER NOMINATED FOR NATIONAL ENTREPRENEUR AWARD - 24/11/2015

LEADING  OIL ENGINEER NOMINATED FOR NATIONAL ENTREPRENEUR AWARD

Iain Hutchison, Managing Director of Merlin ERD, has been shortlisted for the Entrepreneur of the Year Award organised by Entrepreneurial Scotland.

Headquartered in Perth, Merlin ERD is a successful engineering consultancy and training organisation serving the international oil and gas sectors.  It has pioneered the development of Extended Reach Drilling technologies which enable oil companies to extract oil from difficult to reach, complex, or marginal reservoirs.

The company has carried out assignments across the globe in 34 countries gaining numerous awards and accolades for its technical and engineering excellence, including a Queen’s Award for Enterprise in 2014 and the Society of Petroleum Engineers (SPE) ‘Best Small Company' Award in 2015.

A Chartered Mechanical Engineer, experienced aviator and graduate of Heriot Watt University, Iain relishes a challenge: “When we are told that it is impossible to get any more oil out of a reservoir it is music to our ears.  The technologies we have developed enable oil companies to drill further and deeper than previously thought possible.  All this can be achieved with minimal environmental impact and reduced cost at the same time.” 

He added: “Being nominated for this award is great as it shows the entrepreneurial spirit is alive and well in Scotland.   The oil sector has been going through a tough time lately and whilst Merlin has demonstrated our resilience, we have not been immune to the downturn. Nonetheless we firmly believe that this is the right time to invest for the future.  The North Sea has produced 4246 bn barrels of oil with an estimated 12-24bn still recoverable.

Applying Merlin’s drilling techniques could add another 10bn barrels of oil to North Sea fields’.  It’s now or never, since the vultures are circling and if the existing assets in the North Sea are abandoned the opportunity to produce this oil will be lost forever.  Special times call for special measures and Scotland is proving it can lead the world once again in engineering.”

Merlin ERD currently employs 34 people between its headquarters in Perth and office in Aberdeen, but Iain has ambitious growth plans for the future: “We are looking at doubling our headcount over the next three years and opening an office in Houston. We are also reviewing several acquisition opportunities, which will accelerate our growth significantly.”   

Merlin has also established a highly successful training division which hosts specialised training courses in the field of extended reach drilling delivered by Merlin’s expert engineers.

Thursday, 19 November 2015

DEEP CASING TOOLS AWARDED ORDER IN EXCESS OF $4.7M - 19/11/2015

DEEP CASING TOOLS AWARDED ORDER IN EXCESS OF $4.7M

Deep Casing Tools has been awarded a multi tool order in excess of $4.7m for deployment in the Middle East. The order is the largest ever secured by the company.

Deep Casing Tools provides drillable turbine tools which enable casing and completions to be landed at target depth to improve the efficiency and reliability of well construction. 
The company has provided more than 300 Turbocaser Express and Turborunner tools for casing and completions respectively.

The Turbocaser Express recently established a new record for one operator by reaming 11,000ft (3352m) through challenging trouble zones to successfully land at 20,835ft (6350m) target depth.  
The latest order also includes Turborunner tools for completions following successful trial tests by a client earlier this year.

Increasing customer demand in the Middle East has resulted in tool orders from several operators in the region. A regional headquarters, established earlier this year, has contributed to the technology’s success by providing the ability to respond faster on the ground.

Lance Davis, Director of Deep Casing Tools, said: “The multi tool order underlines our clients’ previous successes with our tools.  It also highlights the increasing emphasis within operators to improve performance.  At the current oil price, operators are not taking any risks to land their completions or casings.  We add that differentiating capability for running a casing or a completion.”

Wednesday, 18 November 2015

Schlumberger-Cameron Merger Receives Unconditional Clearance from U.S. Department of Justice - 18/11/2015

Schlumberger-Cameron Merger Receives Unconditional Clearance from U.S. Department of Justice

Schlumberger Limited (NYSE: SLB) and Cameron International Corporation (NYSE: CAM) jointly announced today that the U.S. Department of Justice has cleared their proposed merger without any conditions, granting early termination of the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the proposed merger.

The closing of the proposed merger remains subject to approval by Cameron stockholders and the satisfaction or waiver of the other closing conditions contained in the merger agreement between Schlumberger and Cameron. As previously announced by Cameron, the special meeting of stockholders of Cameron is scheduled for December 17, 2015, during which stockholders of Cameron will consider and vote upon the proposed adoption of the agreement and plan of merger between the companies.

Subject to receipt of approval from Cameron stockholders and satisfaction or waiver of other closing conditions contained in the merger agreement, Schlumberger and Cameron expect to close the merger in the first quarter of 2016. Until that time, Schlumberger and Cameron will continue to operate as separate and independent companies and continue to serve their respective customers.

Monday, 16 November 2015

Deepak Khilnani Announces Sub-Saharan Africa’s Largest Gas Engine Power Project - 16/11/2015

Deepak Khilnani Announces Sub-Saharan Africa’s Largest Gas Engine Power Project

Cummins Cogeneration Limited (CCL), headed up by Deepak Khilnani, and WUTA Energy are set to commence the development of a 140MW gas-fired power plant. Based in Beyin, the plant is the first phase of a 300MW Power Purchase Agreement to supply energy to the Ghanaian Grid, and once complete, it will be the largest gas engine power project in sub-Saharan Africa.

After successfully operating 100MW of gas-based power projects in Nigeria, the clean energy group is set to introduce the same core technology to Ghana in 2016.

The facility will make use of Ghana’s substantial natural gas reserves and will be the first development in the region to utilise Organic Ranking Cycle, which captures waste heat from the plant to generate additional energy. This not only delivers a notable economic benefit, but also significantly improves the environmental impact of the power plant.

At a time of regional concern surrounding the growing need for power, the announcement of the production of clean and affordable energy is one most welcome to the Ghanaian community. 

On the project, Deepak Khilnani, Chairman of CCL said, “Since the discovery of Ghana’s natural gas reserves, it has been expected that gas would play a prominent role in the country’s energy sector. As a leading organisation in this industry, CCL is thrilled to be taking steps towards meeting Ghana’s energy needs.”

Further to the improvements to the Ghanaian power supply, as well as the environment, local workforces will be contracted to construct, operate and maintain the plant.

“We want to utilise the energy and talent of local Ghanaians to make this project a social, as well as an economic success. We firmly believe it will have a positive impact on both short and long term local employment”, says Khilnani.

David Brigidi, CEO at WUTA Energy, echoes this sentiment; "We believe that this project will continue to drive development in Ghana and look forward to working together with Deepak Khilnani and CCL to generate long-term power solutions for Ghanaian communities". 

CCL is also keen to explore similar power projects outside of Ghana. Through its Nigerian subsidiary, Cummins Power Generation Nigeria Limited, the Company has been actively exploring investment opportunities in larger grid connected independent power projects and is currently poised to finalise agreements for two large projects in the Delta region of Nigeria.

Wednesday, 11 November 2015

LITRE METER SHIPS CHEMICAL INJECTION FLOWMETERS FOR GULF OF MEXICO PROJECT - 11/11/2015

LITRE METER SHIPS CHEMICAL INJECTION FLOWMETERS  FOR GULF OF MEXICO PROJECT

UK flowmeter specialist Litre Meter (www.litremeter.com) has shipped 40 flowmeters via its Dutch distributor ABT Bv for use in a chemical injection project in the Gulf of Mexico. The Buckingham-based company shipped two different types of positive displacement flow meters for a combination of low flow chemical injection and high flow methanol measurement applications.

The range of meters supplied demonstrates Litre Meter’s expertise and versatility in chemical injection applications.

Part of the order consisted of 34 LF05 VFF meters designed to measure three different chemicals – corrosion inhibitor, paraffin inhibitor and scale inhibitor. A further six HF40 meters were supplied to measure the flow of methanol.

Three different calibrations and ranges of viscosity were required for the LF05 meters, one for each of the chemicals concerned – 0.1 to 12l/h, 0.1 to 16l/h and 0.7 to 0.9l/h with viscosities ranging between 6.12 and 64.8 centistokes. Each meter is pressure rated to 1,035 bar and fitted with 3/8-inch autoclave engineers medium (AEM) pressure fittings.

The meters were constructed of 316 stainless steel with titanium rotors. The low flow capability of the meters has been improved by coating the pressure balance chambers and titanium rotors with physical vapour deposition (PVD) designed to lower the friction properties of the meters. The additional hardness provided by the PVD coating also improves wear resistance.

All the LF05 meters were supplied with direct head-mounted stainless steel display casings providing local display of flow rate and total with HART or Fieldbus protocols on a three-wire system mounted in an ATEX Exd stainless steel housing.

The HF40 meters were pressure rated to 1,035 bar and constructed from F55 Duplex with one-inch AEM pressure fittings. As standard these meters have a flow range of 0.1 to 2,400 l/h, a viscosity range of 0.8 to 1,000,000 centistokes and a repeatability of +/- 0.25 per cent.

Under conditions of changing pressure and temperature paraffin can build up as a waxy deposit on equipment – mostly in tubing close to the surface – and can, in severe cases, halt production. Scales such as calcium carbonate and iron oxides can also build up. Mineral salt deposits which accumulate in wellbore components due to the effects of pressure and temperature on the saturation of produced water can also cause severe blockages.

Corrosion and the loss of metal can occur anywhere in the production system from the bottom hole to surface lines and equipment. Chemicals are injected into the system to prevent these problems – and the Litre Meter LF05 flowmeters are used to precisely measure the amount of chemical being added.

Methanol is used as a hydrate inhibitor. Gas hydrates can solidify as ice-like crystals which may block the pipeline and valves, impeding the transfer of the oil and gas. This can result in a shutdown and the risk of explosion or unintended release of hydrocarbons into the environment.

Methanol is injected at high pressure where there is a risk of hydrates (dew) forming then freezing at low temperature. The process, known as bullheading, forcibly pumps methanol into the bore hole to act as an ‘antifreeze’ to lower the freezing point of gas hydrate. This protects the wells’ sub-surface valves from hydrates forming under high pressure and low temperatures during long shutdowns. The Litre Meter HF40 positive displacement flowmeters measure the flow of methanol to ensure the correct amount is injected to prevent hydrate formation.

Litre Meter CEO Charles Wemyss said: “Subsea repairs and the associated loss of production are high cost, so protecting deepwater well bores from hydrate formation, plugging and organic fouling is a major flow assurance concern in offshore operations.

“Hydrate, scale and corrosion prevention strategies provide protection during normal operation, start-up and shutdown.

“Litre Meter’s VFF flowmeter is ideally suited for use in the oil and gas industry and in particular for low flow / high pressure applications.

“Years of experience in chemical injection applications onshore and offshore have confirmed the instrument’s capability to reliably measure fluids under extreme conditions of both temperature and pressure.”

Wind Energy Link Leads the way with AMC ISO 55 001 quality label - 11/11/2015

Wind Energy Link Leads the way with AMC ISO 55 001 quality label

Wind Energy Link (WELink), the global asset management, wind and logistics joint venture between Peterson, ATO Sustainable Business Engineers and Asset Management Control Tools & Training, has become the first in their field to receive the AMC ISO 55 001 quality certificate of product approval.  

The quality certificate was awarded for the WELink asset management information system, during the 14th Asset Management Control seminar at the airbase Woensdrecht on Thursday.  WELink attended the seminar with three other organizations, (Avans+, Elexis and Thales) as part of a pilot assessment process by Bureau Veritas Certification and Asset Management Control Centre.

"This external validation demonstrates that we are leading the standards in the field of asset management and differentiating on a global scale" said Ron van der Laan, regional director Peterson and director Wind Energy Link B.V.

In the pilot project, the WELink asset management information system was successfully evaluated for compliance with the specified elements of the Asset Management Control ISO 55 001 Quality Label, and thus covered 25% of total ISO 55000 Asset Management System.

WELink was awarded the mark for the level of support and efficiency its WELink asset management information system can provide to an international client base.

Hans Bais, director WELink B.V said: "The professional asset management solution within WELink reflected in the sub-elements and  integrated approach which, with the generic software system developed by ourselves, fully supports the relevant requirements of the ISO 55 001 standard.  

“We are delighted to be one of a small number of companies setting the benchmark for industry assets both on- and offshore.”

Tuesday, 10 November 2015

Dry well near the Njord field in the Norwegian Sea - 10/11/2015

Dry well near the Njord field in the Norwegian Sea

VNG Norge AS, operator of production licence 586, is in the process of completing the drilling of wildcat well 6406/12-5 S.

The well has been drilled about 33 kilometres southwest of the Njord field and about five kilometres southeast of the 6406/12-3 S (Pil) discovery in the Norwegian Sea.

The purpose of the well was to prove petroleum in reservoir rocks from the Upper Jurassic (the Rogn and Melke formations). The well encountered about 12 metres of sandstone in the Rogn formation with moderate reservoir quality. The well also encountered 31 metres of sandstone in intra Spekk formation and 182 meters of sandstone in the Melke formation, both with moderate reservoir quality. The reservoir only has traces of oil. The well is classified as dry.

Data acquisition and sampling have been carried out.

This is the sixth exploration well in production licence 586. The licence was awarded in APA 2010.

Well 6406/12-5 S was drilled to a vertical depth of 3710 metres and a measured depth of 4297 metres below the sea surface and was terminated in the Melke formation in the Upper Jurassic. The water depth at the site is 336 metres. The well will now be permanently plugged and abandoned.

Well 6406/12-5 S was drilled by the Transocean Arctic drilling facility, which now will drill wildcat well 7130/4-1 in production licence 708 in the Barents Sea, where Lundin Norway AS is the operator.

ACE Winches appoints new members to its senior management 10/11/2015

ACE Winches appoints new members to its senior management 

ACE Winches, a leading deck machinery specialist, appoints new directors to strengthen its senior management team, Richard Wilson, who recently joined ACE Winches to head up the Engineering Division, joins the Board of Management from 30th November 2015 as Chief Operating Officer.  Richard will be replacing current Chief Operating Officer Graham Thomson, who after 27 years in the industry has decided to step down to spend more quality time with his family and on his private personal business initiatives.  

Mr Wilson has more than 27 years’ global experience in senior positions in oil and gas, bringing to the organisation an enviable track record in change management within international and UK businesses to improve performance, along with the establishment of new operations in global locations. 

Alfie Cheyne, CEO of ACE Winches said: “The Board of Management would like to thank Graham for his significant contribution to the development of ACE Winches over the last three years and welcome Richard to the Board further accelerating the positive changes being implemented across the organisation.” 

Hayley Yule recently appointed as Marketing and Communications Director becomes a member of the senior management team overseeing Marketing and IT functions for the company.  Hayley has more than 20 years’ experience gained within marketing and information technology through working with several international suppliers supporting the energy sector. Her experience in the formation and execution of strategy will facilitate the company’s continued growth. 

Mr Cheyne continued: “Our current focus is on streamlining our business operations, developing and introducing innovation to our products and services whilst continuing to build our international presence further to meet our customers’ requirements. Both Richard and Hayley will play key roles in the execution of these developments and our long term strategy to continue to expand and grow our global reach.”

Outstanding subsalt images in the Gulf of Mexico reduce drilling risk by CGG - 10/11/2015

Outstanding subsalt images in the Gulf of Mexico reduce drilling risk by CGG

Final results from IBALT and DEUX, the first and second surveys of CGG’s StagSeis™ multi-client program of 871 offshore blocks in select locations of Garden Banks, Keathley Canyon, Walker Ridge and Green Canyon, are now available and widely recognized as the clearest subsalt images in this complex area of the Gulf of Mexico. Final results from the third survey, TROIS, are due next year. The original IBALT survey commenced acquisition in 2012 but planning began three years earlier. At the time, wide-azimuth (WAZ) surveys with advanced processing techniques provided the best subsurface images in the Gulf of Mexico, but some features below more complex salt structures remained difficult to illuminate and image fully.

Building on their experience in WAZ capabilities, CGG’s subsurface imaging and marine technology experts worked closely with clients to define key parameters to deliver better subsalt imaging than was previously possible, within the clients’ timeframe. These included better sampling of offset and azimuth along with increased bandwidth. 

The resulting patented StagSeis solution uses multiple vessels with a staggered geometry and orthogonal shooting, delivering consistent regular fold and azimuth distribution and providing full azimuthal coverage to 9 km with ultra-long inline offsets to 18 km (on 4 azimuths). BroadSeis™ is also employed to provide bandwidth down to 2.5 Hz along with CGG’s proprietary deghosting and imaging technology. Once modeling by both CGG and clients confirmed that StagSeis would deliver the desired results, acquisition began. 

StagSeis deploys the largest areal spread of any available acquisition configuration (equivalent to the area of Manhattan Island). Operating such a large spread safely and efficiently requires strict adherence to robust HSE procedures, and CGG maintained an exceptional safety and environmental record during more than seven vessel-years of operation. 

Fast-Trax results from a priority area were delivered in the first three months. Initial Full Azimuth Fast-Trax RTM images from DEUX were of such high quality that a client included a data image in an investor presentation, stating that StagSeis provided step-change improvements in subsalt imaging, boosting confidence in appraisal well locations and accelerating maturation of off-setting prospects.
Final results from IBALT and DEUX show staggering improvements of subsalt images over previous best images obtained from WAZ data, particularly in terms of continuity, illumination and fault definition, as shown in the image comparison.

StagSeis also delivered new and valuable data to imaging. Full azimuths provided better sampling of anisotropy, and the ultra-low frequencies and long offsets of StagSeis allowed Full Waveform Inversion (FWI) to build high-resolution velocity models. The enormous full-azimuth, ultra-long offset, broadband datasets acquired with StagSeis also brought processing challenges. A series of innovations from CGG Subsurface Imaging included development of true 3D deghosting and source designature to accommodate much larger inline and cross-line offsets. CGG also optimized demultiple, velocity model building, and imaging modules to handle larger datasets.

CGG achieved a very high level of pre-commitment for the StagSeis surveys, with nine underwriters signing up for the program. The StagSeis solution provided better geological definition of the subsurface, illuminating complex salt bodies and previously obscured subsalt reservoirs. Superior images reduce financial and HSE risk from both reservoir and drilling perspectives. CGG believes that this tailor-made, collaborative approach, from project design through end results, is the way of the future.  

Monday, 9 November 2015

First Day of Event Concludes with Prestigious ADIPEC 2015 Awards - 09/11/2015

First Day of Event Concludes with Prestigious ADIPEC 2015 Awards

His Highness Sheikh Hamed Bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court and member of the Abu Dhabi Executive Council, formally inaugurated the largest ever Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), marking the start of four days of industry-related discussions and activities, and bringing together leading international and regional decision makers to set the agenda for meeting the growing global demand for energy.

Held under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates, ADIPEC 2015 is supported by the UAE Ministry of Energy, the Abu Dhabi National Oil Company (ADNOC), the Abu Dhabi Chamber, and the Abu Dhabi Tourism Authority (TCA Abu Dhabi), and is organised by dmg events.

The official opening ceremony featured intriguing speeches from H.E. Suhail Al Mazrouei, Minister of Energy, UAE, H.E. Abdulla Nasser Al Suwaidi, Director General of ADNOC, Mr. Ali Khalifa Al Shamsi, Strategy and Coordination Director, ADNOC and ADIPEC 2015 Chairman, followed by riveting insights and projections on the transforming energy landscape by keynote speaker Dr. Daniel Yergin, award winning author and world’s leading authority on energy.

H. E. Abdulla Nasser Al Suwaidi, Director General of ADNOC, said: “Industry leaders, decision makers, and stakeholders have all gathered in Abu Dhabi today to focus on innovation by using ADIPEC as a knowledge-sharing platform for driving industry change. Together, we can advance the energy sector and develop creative solutions for meeting the world’s energy needs. At ADNOC, through the guidance and support of the Supreme Petroleum Council, we are still on track to reach a total oil output capacity of 3.5 billion barrels per day in the UAE within the next two to three years.”

Mr. Ali Khalifa Al Shamsi, Strategy and Coordination Director, ADNOC and ADIPEC 2015 Chairman, said: “ADIPEC has been an integral part of Abu Dhabi’s hydrocarbon industry since it was established in 1984, and has transformed over the years to become one of the world’s largest oil and gas events. With growing global recognition and interest from both major industry players, and emerging markets, ADIPEC will continue to raise Abu Dhabi’s profile as a global knowledge hub for the energy sector.”

Held under the theme “Innovation and Sustainability in a New Energy World”, ADIPEC 2015 marks its 18th edition by breaking its previous records with the largest event to date, bringing together 2,050 exhibiting companies, including the world’s leading national and international companies, more than 600 speakers, 7,000 delegates, and 85,000 attendees from more than 120 countries. 

The Ministerial Panel brought together international ministers and decision makers who offered insights on the challenges and opportunities presented by the new energy landscape. Speakers included H.E. Suhail Al Mazrouei, the UAE Minister of Energy, H.E. Dr. Mohammed bin Hamad Al Rumhy, Minister of Oil and Gas for the Sultanate of Oman, H.E. Tarek El Molla, Minister of Petroleum and Mineral Resources for the Arab Republic of Egypt, and H.E. Etienne D. Ngoubou, Minister of Petroleum and Hydrocarbons for the Gabonese Republic. The session focused on driving innovation, future sustainability prospects, the future energy mix, the role of technology in the energy sector, and offered global and regional viewpoints. 

The first of two CEO Plenary Sessions that are being held at ADIPEC 2015 brought together chief executives from the world’s leading to discuss the opportunities and challenges of the ever-growing global demand in energy.  Plenary speakers included representatives from ADCO, JOGMEG, STATOIL, and Lazard. 

“Bringing together global, regional, and local industry leaders and decision makers to reflect on key industry topics, ADIPEC serves as a platform where innovation, best practice and latest developments are shared from all corners of the globe. ADIPEC has seen continuous growth over the years, in terms of both visitors, and global recognition, demonstrating the importance of the event in the energy industry,” said Christopher Hudson, President - Global Energy at dmg events.

The first day of ADIPEC 2015 concluded with the announcement of this year’s winners of the ADIPEC Awards at the ceremonial Gala Dinner, which is hosted by ADNOC and held at the Emirates Palace Hotel. The ADIPEC 2015 Awards, which celebrate excellence in energy and recognise innovation in the Middle East, welcomed a record 501 submissions this year, featuring some of the most innovative people, companies, and projects in the region.

Tata Steel announces partnership with IDC in the Middle East - 09/11/2015

Tata Steel announces partnership with IDC in the Middle East

Tata Steel has strengthened its links in the Middle East through the formation of a partnership with International Development Company (IDC) in the region.

IDC was established in 1978 in the United Arab Emirates (UAE) to supply equipment into oil, gas, power and petrochemical industries for private industrial projects. 

Tata Steel recognised the need to have local representation in Abu Dhabi and chose IDC based on its 37 years of experience and history. IDC will support and assist Tata Steel in obtaining national oil company approvals, which are required in the region.

Tata Steel has a diverse products and services offering for the energy and power sector, including welded line pipe and ancillary products from its UK pipe mills. Richard Broughton, Commercial Manager, Energy and Power, Tata Steel, said: “Tata Steel, along with IDC, will introduce its supply capabilities to oil and gas companies in the region, providing them with an opportunity to work with a supplier who has an excellent track record of providing for offshore and onshore line pipe projects worldwide.”

Tata Steel announced the partnership following increased focus on productivity in a bid to reduce the total cost of ownership for its customers’ projects. The company has made a number of significant investments in its production equipment, including improvements to its welder equipment, upgraded expander tooling, reelability trials, better ‘O’ press control upgrade and investment in a new lap laser at its Hartlepool 42” large diameter SAW pipe mill. 

Richard Broughton continued: “It is well known that this is a challenging time for the European steel industry, but there is no effect on Tata Steel’s ability to provide high quality pipes to our customers in the energy sector. 

“Our investments over the last year are testament to our commitment to the industry and we will continue to assist customers by reducing the total cost of project ownership without comprising on quality.” 

Tata Steel is exhibiting at the Abu Dhabi International Petroleum Exhibition and Conference from 9 – 12 November. Visit stand 2310 to find out how they can help you lower the total of ownership.

Thursday, 5 November 2015

LITRE METER ON SHOW AT MIDDLE EAST PETRO INDUSTRY EVENT - 05/11/2015

LITRE METER ON SHOW AT MIDDLE EAST PETRO INDUSTRY EVENT

UK flowmeter specialist Litre Meter (www.litremeter.com) will be showcasing a range of new products at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC).

The event takes place between 9 and 12 November 2015. This is the second year in a row that Litre Meter has exhibited at ADIPEC (www.adipec.com).

Litre Meter CEO Charles Wemyss said: “Last year was the first time for us at a show of this size in the Middle East and we are excited by the prospect of returning for a second year.

“We are exhibiting on stand 8718 in hall eight alongside our German sister company and distributor KEM. Sharing a stand gives us a great opportunity to showcase our products, both new and longstanding, in a vitally important market place.”

The product line-up includes a new low-flow capability rotary piston flowmeter, a new display and new reed sensors.

The new flowmeter is the LF03. Now in full production, it is the latest in a series of low-flow VFF rotary piston meters and takes the capability of the range down to lower flows than ever before – for example, on a fluid with a viscosity of 10 cSt the LF03 will measure down to 0.06 litres/hour at pressures of 1 bar right up to 4,000 bar.

Manufactured from titanium with a maximum tolerance of three microns, the rotor and chamber combination achieves the lowest flow and widest turndown possible. Chambers and rotors are physical vapour deposition (PVD) coated with a hard metal chromium nitride base layer for hardness and support for a carbon (WC/C) coating. The WC/C coating delivers robust protection against adhesive wear and its low coefficient of friction reduces the risk of surface pitting and corrosion, vastly improving turndown and low flow capability.

At just two thirds the diameter of its previous iteration the new FlowPod display is one of the smallest flow displays on the market. It is an evolution of the existing large display to provide additional functionality which has been requested by users.

This functionality includes the facility to display flow rate, total flow and analogue rate. The backlit display, which features large high contrast ratio flow rate and totaliser indication, enables the display to be read at distance in poor light conditions.

Display features include five-digit rate display giving the real time flow rate, the option to display flow rates and totals in many different units and flow range usage. It has a removable memory card for programming and offers 4-20 mA, HART and pulse outputs as standard.

Completing Litre Meter’s new product line-up at ADIPEC 2015 will be its reed sensor package. The sensor has been improved and now comes in a 316 stainless steel enclosure which is easy to install within the VFF range. The sensor is supplied complete with two reed switches that can be set for reverse flow detection or redundancy.

The sensor is tested to one billion pulses and environmentally tested in accordance with BS EN 13628-6: 2006. It is temperature rated to -20 to +80°C and it is available with the two or four wire Flowpod – the new explosion proof flow indication display unit for Litre Meter positive displacement flowmeters.