Thursday, 29 October 2015

CERTAS ENERGY ENJOY A SUCCESSFUL LIVINGSTON OPEN DAY - 29/10/2015

CERTAS ENERGY ENJOY A SUCCESSFUL LIVINGSTON OPEN DAY

Certas Energy, one of the largest distributors of fuel and lubricants in Britain welcomed visitors to the Open Day at the Certas Energy Livingston distribution centre in West Lothian on the 22 October 2015.

The 33,000 sq ft hub has been opened just over a year and as well as a huge warehouse facility, the new site features a specially designed tank farm, with a 150,000 litre storage capacity, as well as holding in excess of 2,000 pallets.

The company supply to domestic, retail, aviation and agriculture customers throughout the UK, and pride themselves on providing the highest standard of customer services, offering bespoke solutions to meet individual lubricant needs.

Andrew Salton general manager lubricants Scotland and North commented: “The Open Day was attended by both prospective, existing customers, the media and the Scottish Motor Trade Association (SMTA). The day was tailored to give our visitors the opportunity to see the warehouse and help them to gain an insight into the size and scale of our operation being carried out by the team at Livingston.”

Exxon Mobil Corporation Declares Fourth Quarter Dividend - 29/10/2015

Exxon Mobil Corporation Declares Fourth Quarter Dividend

The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 73 cents per share on the Common Stock, payable on December 10, 2015 to shareholders of record of Common Stock at the close of business on November 12, 2015.

This fourth quarter dividend is at the same level as the dividend paid in the third quarter of 2015.

Through its dividends, the corporation has shared its success with its shareholders for more than 100 years and has increased its annual dividend payment to shareholders for 33 consecutive years.

ExxonMobil to Expand Rotterdam Hydrocracker to Produce Higher-Value Products - 29/10/2015

ExxonMobil to Expand Rotterdam Hydrocracker to Produce Higher-Value Products

Expansion will produce EHCTM Group II base stocks and ultra-low sulfur diesel
Investment builds on recent Baytown and Singapore projects providing global EHC Group II availability
Project underscores ExxonMobil’s disciplined approach to investing at advantaged refineries

ExxonMobil will expand the hydrocracker unit at its Rotterdam refinery to upgrade heavier byproducts into cleaner, higher-value finished products, including EHCTM Group II base stocks and ultra-low sulfur diesel, to meet growing global market demand.

The refinery, operated by Esso Nederland BV, will use ExxonMobil’s proprietary hydrocracking technology and be the first to produce EHC Group II base stocks in Europe. Base stocks are the primary ingredients used in the production of high-quality lubricating oils and greases. Group II base stocks are higher in performance, resulting in advantages in many lubricant and process oil applications.

“This investment demonstrates ExxonMobil’s long-term view and disciplined investment approach,” said Jerry Wascom, president of ExxonMobil Refining & Supply Company. “Despite a challenging industry environment, we are committed to our long-term strategy of investing in projects in advantaged locations where we can continue to increase competitiveness and profitability.”

ExxonMobil’s Rotterdam refinery, one of the most energy efficient in Europe, plays a key role in the region and marketplace as a manufacturer of low-sulfur petroleum products and chemical feedstocks. Following the expansion, the hydrocracking process will use proprietary catalysts applied in a unique refinery process configuration to efficiently produce both high-quality base stocks and ultra-low sulfur diesel.

The base stocks that will be produced at Rotterdam are designed to help lubricant blenders achieve greater formulation flexibility and simplify global qualification testing. ExxonMobil’s EHC product line will enable customers to cost-effectively blend a broad range of finished lubricants to meet evolving industry requirements.

“This investment underscores our commitment to provide high-quality base stocks in Europe and follows previously announced expansions at ExxonMobil’s Baytown, Texas and Jurong Singapore refineries this past year,” said Loic Vivier, vice president of Wholesale & Specialties for ExxonMobil Fuels & Lubricants. “Combined with ExxonMobil’s existing manufacturing capabilities, this project will enable us to offer a global EHC Group II base stocks product offering to meet current and future customer needs.”

The Rotterdam hydrocracker project, coupled with the refinery’s advantageous location in an integrated petrochemical cluster, will strengthen the refinery’s position as a leader in the global refining industry.

The project’s environmental impact assessment has been approved and the site-permitting process is being finalized. Permits are expected in early 2016. Pending receipt of permits, construction is scheduled to begin in 2016 and unit startup is targeted for 2018.

Monday, 26 October 2015

CGG Begins BroadSeis Survey in Brazil’s Barreirinhas Basin - 26/10/2015

CGG Begins BroadSeis Survey in Brazil’s Barreirinhas Basin

CGG announced today that it has now received all necessary permits to start acquiring the industry’s first regional broadband seismic survey of the Barreirinhas Basin in the Equatorial Margin of northern Brazil in early November. The MegaBar 3D multi-client survey has received strong industry support and will benefit from the full bandwidth offered by BroadSeis™ to illuminate the untapped potential of this frontier basin.

The 14,500 km2 survey is being acquired by the Oceanic Vega deploying Sercel Sentinel® solid streamers. The high-end BroadSeis dataset will be processed in CGG's Rio de Janeiro Subsurface Imaging center using the latest processing technology. The processing will also benefit from extensive in-house experience of the Brazilian Equatorial margin and its specific challenges. Fast-track processing deliverables will be available in several phases, starting in May 2016.  

Jean-Georges Malcor, CEO, CGG, said: “CGG has responded to significant client interest in the potential of the Barreirinhas Basin with an ambitious program for a new benchmark broadband regional survey. BroadSeis has provided significant insight to explorers in the Atlantic and Equatorial margins of Brazil, and is the natural choice for our MegaBar survey. With over 50 years of operating history in Brazil, CGG is as dedicated as ever to supporting Brazil’s exploration, development and production challenges and believes that this new regional seismic data set will offer an excellent opportunity to understand the geological potential of this new frontier.”

Gazprom and OMV sign Memorandum of Understanding on oil supply - 26/10/2015

Gazprom and OMV sign Memorandum of Understanding on oil supply

Vienna hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Rainer Seele, Chairman of the OMV Executive Board. The parties discussed the cooperation in Nord Stream 2 and the potential asset swap.

During the meeting Alexey Miller and Rainer Seele signed a Memorandum of Understanding on oil supply. The document reflects the parties' intent to consider a possibility of oil supply to OMV from Gazprom Group portfolio.

Thursday, 22 October 2015

CGG Begins BroadSeis Survey in Brazil’s Barreirinhas Basin - 22/10/2015

CGG Begins BroadSeis Survey in Brazil’s Barreirinhas Basin

CGG announced today that it has now received all necessary permits to start acquiring the industry’s first regional broadband seismic survey of the Barreirinhas Basin in the Equatorial Margin of northern Brazil in early November. The MegaBar 3D multi-client survey has received strong industry support and will benefit from the full bandwidth offered by BroadSeis™ to illuminate the untapped potential of this frontier basin.

The 14,500 km2 survey is being acquired by the Oceanic Vega deploying Sercel Sentinel® solid streamers. The high-end BroadSeis dataset will be processed in CGG's Rio de Janeiro Subsurface Imaging center using the latest processing technology. The processing will also benefit from extensive in-house experience of the Brazilian Equatorial margin and its specific challenges. Fast-track processing deliverables will be available in several phases, starting in May 2016.  

Jean-Georges Malcor, CEO, CGG, said: “CGG has responded to significant client interest in the potential of the Barreirinhas Basin with an ambitious program for a new benchmark broadband regional survey. BroadSeis has provided significant insight to explorers in the Atlantic and Equatorial margins of Brazil, and is the natural choice for our MegaBar survey. 

With over 50 years of operating history in Brazil, CGG is as dedicated as ever to supporting Brazil’s exploration, development and production challenges and believes that this new regional seismic data set will offer an excellent opportunity to understand the geological potential of this new frontier.” 

CO2 storage on the agenda in Stavanger - 22/10/2015

CO2 storage on the agenda in Stavanger

For two days, representatives from the authorities, research institutions, and industry will discuss and learn more about projects involving storage of CO2 in the subsurface.
The conference is a joint initiative between the NPD and FME SUCCESS, the national centre for CO2 storage, and will be held at the NPD.

Around 50 Norwegian and international guests will attend the conference. The first section comprises CO2 storage forums, where players from companies, research institutions, academia, and industry with relevant activities within CO2 storage on the Norwegian shelf participate on a regular basis.

The research centre FME SUCCESS (Subsurface CO2 storage – critical elements and superior strategy) is responsible for the second part of the event, which is the centre's annual autumn conference.

This year, the programme focuses on the Snøhvit field in Barents Sea, and includes a workshop where we will look at actual cores from the Snøhvit reservoir. The centre has partners from industry and academia, and its objective is to provide a solid technical basis for CO2 injection, storage and monitoring, as well as contribute to strategic knowledge, and learning and development of new expertise.

"It is important and beneficial that the expert communities come together and share knowledge related to CO2 storage. The CO2 storage forum, established by the NPD in 2009, is a professional arena where technical challenges and questions concerning methods and data are discussed," says Wenche Tjelta Johansen, assistant director of exploration in the NPD.

She adds that participants in the storage forum have expressed that they benefit greatly from the discussions and the information received – and that the NPD received good and constructive feedback on its work to create an atlas of possible CO2 storage sites on the Norwegian shelf (The CO2 Storage Atlas).

At the conference, geologist Jasminka Mujezinovic, will give a presentation on cores and oil samples that are available at the NPD. Geologist Andreas Bjørnestad will present the NPD's digital CO2 storage atlas. The participants also receive a guided tour of the core storage with geologist Robert Williams.

The conference is held on 21 and 22 October.

Tuesday, 20 October 2015

FLINTSTONE’S NEW MOORING SYSTEM, COST EFFECTIVE ENERGY INNOVATION - 20/10/2015

FLINTSTONE’S NEW MOORING SYSTEM – COST EFFECTIVE ENERGY INNOVATION

Leader in innovation for the energy industry, Flintstone Technology, has reaffirmed its commitment to research and development in the current global oil price downturn by launching its latest product - the pull through mooring connector system.

“In a low oil price, companies may look at research and development as an area for potential spend reduction, when the opposite should be the case,” said Flintstone managing director Andrew Clayson.

“The only way the industry will survive these difficult times, particularly in mature regions, is by encouraging more innovation and greater R&D into technologies that can create significant cost savings. Our new pull through connector fits that profile exactly.”

The pull through connector system provides a method of simple connection and disconnection for mooring lines to midwater buoys or floating facilities.

It can reduce make up time by more than 80 per cent compared to traditional methods, saving up to five days on vessel hire and installation time with improved safety and the avoidance of complex rigging.

Floating production, storage and off-take vessels (FPSOs) typically have 12 mooring lines that connect the turret and the seabed and often require change during their service life.

Flintstone’s pull through connector, which can be deployed on all turret-based mooring systems, was developed in response to an industry need to be able to disconnect mooring lines, laydown and reconnect new lines without the vessel disconnecting from the turret assembly.

The connectors, which can be designed for any mooring line load requirements, are installed and changed using remotely operated vehicles (ROVs) and pull through line from a support vessel. Rugged and forged in alloy steel to avoid the need for corrosion packs, the system’s dual axis rotation eliminates out of plane bending while its self-aligning properties dispense with rigging requirements.

The system was recently selected for use and successfully installed in the UK North Sea on the Kraken oilfield, one of the region’s largest current developments and the high profile Mariner field, both east of Shetland.

The Kraken field is estimated to hold 140 million barrels of heavy oil in a water depth of 120 metres approximately 125km from the Shetland Isles. The Mariner heavy oil field is believed to hold 250 million barrels of oil at depths of almost 1,500 metres approximately 150km off Shetland.

The pull through connector system meets all regulations for mooring systems components as issued by international classification bodies.

Flintstone designs and manufactures a range of mooring system products including fairleads and chain stoppers, subsea mooring connectors and in line connection components.

“We saw the need within the industry for a robust, simple and easy to use mooring system for deployment where disconnection of the vessel was not essential, and set to work developing it. The system had to comply with new classification rules and be particularly rugged in a highly demanding load spectrum,” said Clayson.

“Our ethos as a company is to challenge, improve and deliver. The deployment of our pull through connector on Mariner and Kraken has proven its ability to meet all those requirements on two of the highest profile projects on the UK Continental Shelf.

“The continued creation of relatively simple yet sensible solutions like our latest product, which reduce costs and improve working practices, is one way in which the global oil and gas industry can innovate out of the current downturn and help ensure its long-term future.”

Wednesday, 14 October 2015

Voith Turbo successfully retrofitted three gas turbine starting package in Saudi Arabia - 14/10/2015

Voith Turbo successfully retrofitted three gas turbine starting package in Saudi Arabia

Dubai. Voith has successfully completed retrofit projects for three gas turbines in Hail Power Plant, in Saudi Arabia, which is located 600 kilometers north of Riyadh. 

A range of technical troubles in the power plant were solved thanks to a Voith starting system that offers a complete system solution, consisting of a torque converter, motor, and all required accessories that are factory mounted on a common base.  It is equipped with Voith torque converter model EL 7.5 YFG 2.2 rated with 1,700 kW at 3,550 rpm which is powerful enough to provide the breakaway torque of the gas turbines.

The site activities started on the last week of December 2014 and  commissioned successfully in April 2015. Voith in collaboration of sub-contractors successfully had done the complete dismantling of the old starting package, revision of the logic program, installation of new starting package, connections and commissioning. 

There are now more than 400 Voith torque converters operating in Saudi Arabia. The reliability of Voith variable speed drives is 99.97% with service life of more than 40 years.

Successful retrofit project in Hail Power Plant resulted in a further new order received for two more Voith starting systems for Qassim Power Plant in Saudi Arabia.

Located in the heart of the Arabian Peninsula, Hail and Qassim Power Plants contribute to cover the unprecedented growth of energy demand in Saudi Arabia – electricity consumption is increasing at about 7.5% annually, prompting investments for various power generations to reach $133 billion (502.5 billion Saudi Riyals) in the next decade.  

Voith supplies torque converters to all leading gas turbine manufacturers to start gas turbines ranging in power from 20 to 270 MW. More than 3,500 gas turbines worldwide operate with individually customized Voith starting systems.  

Voith sets standards in the markets energy, oil & gas, paper, raw materials and transportation & automotive. Founded in 1867, Voith employs more than 39,000 people, generates € 5.3 billion in sales, operates in about 50 countries around the world and is today one of the largest family-owned companies in Europe

INTELLIAN selected to partner on RigNet’s new contract with global offshore drilling customer - 14/10/2015

INTELLIAN selected to partner on RigNet’s new contract with global offshore drilling customer

Intellian, a global leader in satellite communication antenna systems, has been successfully selected as the hardware partner on RigNet’s recently announced contract to provide remote communications solutions to a premium offshore driller across its entire global fleet of existing and newbuild rigs.

RigNet, a leading global provider of remote managed communications solutions, telecoms systems integration services and collaborative applications to the oil and gas industry, will provide comprehensive solutions across the customer’s fleet of jackups, drillships and semisubmersibles operating in the U.S. Gulf of Mexico, Asia Pacific, Europe and Africa regions.  The contract will require Intellian to supply 17 v240M terminals, delivering the combination of flexibility and robustness key to enabling the provision of reliable remote communications solutions.

The Intellian v240M, a 2.4m multi-band maritime antenna, is the first VSAT antenna designed for the maritime industry with fully automatic switching between Ku-band and C-band.  Multi-band satellite communications are becoming an increasingly important capability in the offshore oil and gas market. Vessels operate in a wide geographic area to enable them to maximize vessel returns and therefore require the ability to switch frequency bands as they move between operational areas.

“RigNet counts on advanced terminals to satisfy growing demand for intelligent oilfield solutions driven by the increasing complexity of offshore drilling operations,” said Mark Slaughter, RigNet’s CEO and President.  “The automatic switching capabilities of the Intellian v240M terminal help meet these requirements, while delivering the reliability and robustness our customers demand.”

Eric Sung, Intellian CEO, commented:  “This contract is an important one for Intellian as it recognizes the quality and reliability of our terminals to deliver superior performance in the most challenging operating environments.  We are delighted to be selected to work with RigNet, a company uniquely positioned to provide the mission critical service and support demanded by the offshore drilling industry.”

Tuesday, 13 October 2015

Dry well southwest of the Njord field in the Norwegian Sea - 13/10/2015

Dry well southwest of the Njord field in the Norwegian Sea

Repsol Norge AS, operator of production licence 642, is in the process of concluding the drilling of wildcat well 6306/5-2. The well is dry.

The well was drilled about 65 kilometres southwest of the Njord field and 35 kilometres southeast of the 6406/12-3 S and A discoveries (Pil and Bue) in the Norwegian Sea.

The objective of the well was to prove petroleum in Upper Jurassic reservoir rocks (the Rogn formation) and Upper Jurassic reservoir rocks (the Melke formation).

Well 6306/5-2 encountered an approx. 12-metre thick sandstone layer in the Rogn formation, with good reservoir quality. The well also encountered 247 metres of sandstone in the Melke formation with moderate reservoir quality. The well is dry.

Data acquisition and sampling have been carried out.

This is the first exploration well in production licence 642, which was awarded in APA 2011.

Well 6306/5-2 was drilled to a vertical depth of 3192 metres below the sea surface and was terminated in the Melke formation in the Upper Jurassic.

Water depth at the site is 226 metres. The well will now be permanently plugged and abandoned.

Well 6306/5-2 was drilled by the Bredford Dolphin drilling facility, which will now proceed to drill wildcat well 16/1-25 S in production licence 338 C in the North Sea, where Lundin Norway AS is the operator.

Low emission natural gas I/P transducers meet new environmental regulations - 13/10/2015

Low emission natural gas I/P transducers meet new environmental regulations

Rotork Fairchild has refined its proven I/P (electric current to pressure) transducer technology to develop new models which exceed recently released government requirements for allowable natural gas emissions.

Rotork Fairchild TXI7850 explosion proof I/P transducers have long been approved for and utilised in natural gas operated instrumentation systems.  The explosion proof evaluation of these units by underwriting agencies such as FM, ATEX and CSA™, using standards covering a constant fuel gas presence, ensures safe and reliable operation in the field with compressed natural gas as the supply medium. 

In the USA new government regulations require all pneumatic controllers at the wellhead to have a maximum consumption of 6 SCFH (Standard Cubic Feet per Hour). In Canada and other countries, carbon credits can provide economic incentives to utilise low emission products, so the challenge is to provide controllers which reduce or eliminate these fugitive emissions.  

The new Rotork Fairchild TXI7850 series maximum consumption levels are 3.6 SCFH for the 3-15 psi output range unit and 5.5 SCFH for the 6-30 psi range unit.  These rates are for natural gas as a media and applicable all the way to the highest pressure in each range (i.e. 15 psi and 30 psi respectively).

As part of Rotork Instruments, Fairchild provides a complete range of regulators, boosters, I/P transducers and other products. Rotork Instruments can also provide fully approved switchboxes, positioners, solenoid valves and other actuation and severe service components to complete the automated flow control package.

Monday, 12 October 2015

ACE Winches engineers one of the world’s largest chain mooring system - 12/10/2015

ACE Winches engineers one of the world’s largest chain mooring system

ACE Winches, the leading deck machinery specialist, has successfully delivered one of the world’s largest chain winch packages for Heerema Marine Contractors for its new Aegir vessel. 

Supporting the Ichthys LNG Project, offshore Northwest Australia, ACE Winches has engineered, designed, manufactured and commissioned a 200te twin Chainlifter Hydraulic package for Heerema. The chain winch package will be used to pull the heaviest chains ever installed by Heerema, with a diameter of 178mm.

ACE Winches also produced two 50te WLL twin Chainlifter Hydraulic winches along with a 576kW Containerised Safe Area Electric Hydraulic Power Unit (HPU) and two 76kW Containerised Safe Area Electric HPU’s. All equipment was engineered and designed by ACE Winches’ dedicated engineering and projects team and manufactured at the company’s global headquarters in Northeast Aberdeenshire before being transported across the world for commissioning. 

Due to the complexity of the project, Heerema, in partnership with ACE Winches, evaluated different systems and developed safe and practical solutions. With the expertise of ACE Winches engineering team, the determined solution was to lay the chains on the barge then reel them off with the help of the chainlifter winch packages designed and manufactured to a very high and technical specification.

ACE Winches has steadily built a long-standing relationship with leading marine contractor, Heerema, having previously supplied various hire and manufactured equipment such as the 400te Reel Drive System. With repeated high quality engineering solutions, ACE Winches has a proven track record in providing quality products specifically suited to Heerema’s project needs.

Jan van Akkeren, senior vice president of operations and asset management, visited ACE Winches global headquarters on the completion of the chainlifter packages and said: “We chose ACE Winches because the equipment has to be technically perfect and also cost effective. Heerema has built up a relationship with ACE Winches over the years and its technical and financial evaluation came out the best.

“The end product produced looks very good, the top quality we want and we need. The people are very dedicated and I’m very impressed by the company.”

Alfie Cheyne, CEO, ACE Winches said: “This is an exciting development in the company’s product range and capabilities. The Heerema Chainlifter Winch project elevates ACE Winches into a new level of mooring activity for the FPSO and FSO markets globally.  We have enjoyed building our valued relationship with Heerema and look forward to continuing to provide them with complete back deck solutions.”

Starting subsea gas compression boosting Gullfaks recovery - 12/10/2015

Starting subsea gas compression boosting Gullfaks recovery 

Statoil with partners Petoro and OMV have started the world´s first wet gas compression on the seabed of the North Sea Gullfaks field.​

The unique technology will increase recovery by 22 million barrels of oil equivalent (oe) and extend plateau production by around two years from the Gullfaks South Brent reservoir.

“We are very proud that we have been able to complete such a demanding pioneering project with start-up ahead of the original plan,” says Margareth Øvrum, executive vice president for Technology, Projects & Drilling (TPD).

“Subsea processing and gas compression represent the next generation oil and gas recovery, taking us a big step forward,” she says.

Statoil is the first company to apply subsea gas compression. In mid-September Statoil also started Åsgard subsea gas compression.

The two projects are the first of their kind worldwide, and represent two different technologies for maintaining production when the reservoir pressure drops after a certain time.

Subsea compression has stronger impact than conventional platform-based compression. It is furthermore an advantage that the platform avoids increased weight and the extra space needed on the platform for a compression module.

Subsea compression is an important technological leap to further develop the concept of a subsea factory.

Looking for more candidates
“This is one of several important projects on Gullfaks for improved recovery and field life extension. The recovery rate from the Gullfaks South Brent reservoir may be increased from 62% to 74% by applying this solution in combination with other measures,” says Kjetil Hove, senior vice president for the operations west cluster.

It is also possible to tie in other subsea wells to the wet gas compressor via existing pipelines. The station has already been prepared for new tie-ins.

“We see great opportunities for wet gas compression on the Norwegian continental shelf. It is an efficient system and a concept that can be used for improved recovery on small and medium-sized fields. We are searching for more candidates that are suitable,” says Hove.

Standardisation and simplification

The advantage of a wet gas compressor is that it does not require gas and liquid separation before compression, thereby simplifying the system considerably and requiring smaller modules and a simpler structure on the seabed.

“The Gullfaks wet gas compressor is a unique, compact and cost-effective solution. The concept may be standardised by applying well-known technology components,” says Øvrum.

Successful installation campaign
The system consists of a 420-tonne protective structure, a compressor station with two five-megawatt compressors totalling 650 tonnes, and all equipment needed for power supply and system control on the platform.

Extensive preparations had been made on Gullfaks C before the subsea compressor could be started, including modifications and preparation of areas as well as installation of equipment.

Gullfaks licensees: Statoil (operator) (51%), Petoro (30%), OMV (19%)​​​​​​

Thursday, 8 October 2015

ACE WINCHES HOSTS DELEGATION FROM SINGAPORE - 08/10/2015

ACE WINCHES HOSTS DELEGATION FROM SINGAPORE

ACE Winches, a global leader in the design, manufacture and hire of winches and marine deck machinery, hosted a delegation from SPRING Singapore to their Towie Barclay Works facility.  The visit was to share with them an overview of its products and services, including manufacturing, and engineering expertise which it applies to ensure that the company continues to integrate innovative technological advances across its product range.

Several delegates from the Marine and Offshore Department in SPRING Singapore were welcomed to ACE Winches global headquarters by key personnel during their visit to the North East of Scotland.

SPRING Singapore is a statutory board under the Singapore’s Ministry of Trade and Industry, responsible for helping Singapore enterprises grow. The Marine and Offshore Department in SPRING is responsible for facilitating the growth of local enterprises serving the needs of the Marine and Offshore industry and the upstream Oil and Gas industry. Through the interactions with their industry partners, they have recognised the importance of subsea technology and marginal field development in the upstream Oil and Gas industry, and have embarked on various delegations to gain a deeper understanding of the technological areas within the UKCS.

Discussions during the meeting were very much focused on an engineering perspective with regards to the product and, services that support the subsea sector.  Part of the tour included the Manufacturing and Hire Facilities, where they were shown equipment currently being engineered, assembled and commissioned for a range of international offshore projects.

Hayley Yule, Marketing and Communications Director at ACE Winches commented: “ACE Winches is already supplying equipment and personnel into Asia-Pacific, working with key organisations like SPRING Singapore will help ACE Winches to strengthen its connections with locally based companies who are sourcing back-deck equipment and solutions.”

Wednesday, 7 October 2015

Gazprom and Global Gas Center address pressing issues of energy sector - 07/10/2015

Gazprom and Global Gas Center address pressing issues of energy sector

As part of the 5th St. Petersburg International Gas Forum, a working meeting took place today between Alexey Miller, Chairman of the Gazprom Management Committee and Rene Bautz, Chairman of the Global Gas Center (GGC).

The parties addressed pressing issues of the energy sector. Special attention was given to actions promoting natural gas use as the most eco-friendly and energy-saving fossil fuel. The meeting noted that natural gas would be a vital element of the European energy mix.

The participants agreed that Gazprom would join the GGC.

U.S. Army Base to Use MagneGas® Fuel - 07/10/2015

U.S. Army Base to Use MagneGas® Fuel

U.S. Army Fire-Rescue Contractor Joins U.S. Navy in Officially Using MagneGas2® Fuel as Replacement to Acetylene

MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas2® fuel, announced today that it has received an order to supply MagneGas2® fuel and MagneTote™ first responder backpack kits to a U.S. Army contractor for official use on a U.S. Army base for fire-rescue needs as a replacement to acetylene.  The Company estimates that the U.S. Army spends several million dollars per year on acetylene and related products and this initial order could signal an opportunity for the Company to generate additional revenue from this market segment.  The U.S. Army fire-rescue contractor will use the fuel on base, as well as in the local community as a replacement to acetylene.

As part of its overall strategy to grow fuel sales, MagneGas has identified the U.S. Military, fire departments, first responder units and industrial plants as ideal customers for the use of its gas due to the speed of the MagneGas2® cut, its proven safety features, its eco-friendly aspects and smaller heat affected zone.  The fuel is produced in the USA, from a renewable energy source, as opposed to acetylene which is made from calcium carbide which is mostly imported from China and other countries. The reduced heat affected zone as compared to acetylene means the potential for less impact on human life in the vicinity of a cut during extractions. In addition, MagneGas2® is lighter than air, so the fuel dissipates in the event of a leak making it safer for use in already dangerous circumstances.  These benefits are critical for the first responder and military markets. 

"We are continuing our strategy to penetrate military opportunities and the Department of Defense overall as they represent a huge upside for the business on a global scale. The Company designed the MagneTote™ backpacks to be used with MagneGas2® during a fire or emergency response situation and these will be used by first responders or those in the military that need quick access to a cutting fuel for emergency situations.  We at MagneGas are excited at the opportunity to serve these American heroes and are pleased with our increased partnership with the U.S. Armed Forces," stated Ermanno Santilli, CEO MagneGas Corporation.

CGG’s Board of Directors Announce the Cooptation of Michael Daly as Member of the Board of Directors - 07/10/2015

CGG’s Board of Directors Announce the Cooptation of Michael Daly as Member of the Board of Directors

CGG announces that upon a proposal of the Appointments and Remuneration Committee, the Board of Directors, in a meeting held on September 30 2015, has coopted Michael Daly as an independent Member of the Board of Directors of CGG. Michael Daly will replace Terry Young who stepped down from the Board of Directors on July 31 2015. The Board of Directors has also appointed Michael Daly to the Strategic and Technology Committee.


Dr Michael Daly, 62, is a British geologist, oil and gas executive and academic. Mike is a graduate of The University College of Wales, Leeds University (PhD) and alumni of Harvard Business School (PMD). He began his business career with BP in 1986 as a research geologist. After a period of strategy work and E&P positions in Venezuela, the North Sea and London, he became President of BP’s Middle East and Asia E&P business.

In 2006 Mike became BP’s global exploration chief and a Group Vice President. He served on BP's Group Executive Team as Executive Vice President from 2010 and retired in 2014 after 28 years with the company. He is now a partner at Macro Advisory Partners, a non-executive director with Tullow Oil, and a Visiting Professor in Earth Sciences at The University of Oxford. 

Monday, 5 October 2015

MagneGas Opens Second Retail Location Servicing Florida and Georgia - 05/10/2015

MagneGas Opens Second Retail Location Servicing Florida and Georgia

MagneGas Wholly Owned Subsidiary, E.S.S.I. Open's Second Location in North Florida

MagneGas® Corporation ("MagneGas®" or the "Company") (NASDAQ: MNGA) a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, announced today that the company is open for business in North Florida through its new joint venture Company "E.S.S.I. North." This new location will expand distribution and service capability into North Florida and will significantly increase revenue opportunities.

A previously announced 50/50 joint venture company was established through an agreement with Suwannee Ironworks, an existing client. Through this new location, the Company will now be able to directly distribute MagneGas®, hard goods and other gases in areas not currently serviced such as North Florida and Georgia.

MagneGas subsidiary, E.S.S.I. is providing the inventory, proprietary distributorships, accounting and billing management.  Suwanee Ironworks is providing the commercial location, shipping, transportation, and personnel to operate the new location.  The Company anticipates that this new joint venture will allow the service of customers that have indicated an interest in working with MagneGas, but preferred a full service welding supply company local to their area.  Sales have formally initiated, with final location improvements and phone lines expected October 14th and the formal grand opening planned on December 4th.

"We have been working hard to get operations initiated at our new location.  We are pleased that initial sales have begun.  We are now in a position to provide product to North Florida and South Georgia, which is a location previously without service.  This is just one more step in our strategy to expand MagneGas2 sales and continue to expand our recurring revenue base," stated Ermanno Santilli, CEO of MagneGas Corporation.

ETERSON DELIVERS ROBUST PERFORMANCE IN CHALLENGING MARKET - 05/10/2015

ETERSON DELIVERS ROBUST PERFORMANCE IN CHALLENGING MARKET

Leading international energy logistics group Peterson Offshore Group BV (“Peterson”), today announced its consolidated results for the 12 months ending 31st December 2014.

Revenue was up on the previous year at €405m (2013: €363m) and operating profit decreased by 6% to €10.0m (2013: €10.6m). The group’s UK based companies, including Peterson UK Ltd and 80:20 Procurement Services Ltd contributed 45% of the group’s operating profit, down from 52% in 2013 reflecting growth in international contribution.

Commenting on the Group’s performance Erwin Kooij, CEO of Peterson Offshore Group said:

“This is a challenging time for our industry however, despite this backdrop, we remain committed to supporting our customers, the industry and our staff, to respond to the continuing low oil price by providing innovative and collaborative cost saving solutions to ensure a long term sustainable future and we continue to invest in equipment, infrastructure and our people.  

“Our people are fundamental to our ability to deliver operational excellence.  50 new jobs were created within the UK including a number of key appointments to further strengthen our management team and support the next phase of the company's growth.

“As an organisation we think in generations, with a continued focus on making decisions based on the long term and working together to maximise opportunities.  We made investments in technology and transport equipment totalling €3.5m across the business.

“We broadened our reach within the energy sector from our core competence in oil & gas and renewables by securing contracts in other energy industries.  Our strategy to internationalise our business through the transfer of knowledge and experience from the North Sea to the international market is paying dividends, and we secured a number of international logistics projects.  Internationally our specialist procurement business 80:20 began operating in Norway and the Netherlands and we opened new offices in Malta and Trinidad & Tobago to support customers in these regions.

“Our ongoing investment in technology saw us continue to build on our industry leading solutions.  We expanded our suite of digital applications which includes eCargo, the first system to digitise quayside operations making them more transparent and efficient to include the handling of transport requests, container management and cost allocation for supply vessel pools.  This suite of products provides customers with a friction free supply chain by identifying and creating opportunities for customers to work together by sharing resources, reducing costs and securing operational efficiencies.

“We unveiled VOR, an interactive, transformative upstream oil & gas procurement and logistics service which interrogates a multitude of systems to provide customers with a transparent and streamlined view of the supply chain, from ordering a piece of equipment quickly, to seeing what space is available on a vessel to ship it offshore.  Among the many benefits that VOR provides is track and trace through a real-time view of where any goods or services are at any time, from warehouses and vessels, to pallets, helicopters, containers and trucks.

“We are confident our long term outlook together with our continued focus on helping customers increase productivity and efficiency through innovation and collaboration, while maintaining the highest standards in safety and quality, will ensure we remain well placed for future growth.”

MeteoGroup and Veson Nautical announce partnership of services - 05/10/2015

MeteoGroup and Veson Nautical announce partnership of services

MeteoGroup, a world leading weather business, have today announced a strategic partnership with Veson Nautical, the premier provider of commercial maritime software and services, to simplify reporting aboard vessels and the communications with onshore operations. Veson Nautical’s integrated software products and services enable the world’s top tier shipping companies to transform the constant stream of information from vessels, the market, and more, into a strategic advantage.

This new collaboration sees Veson’s Integrated Maritime operations System (IMOS) connect seamlessly with both MeteoGroup’s ship performance optimisation tool (SPOS) and its ship routing and performance analysis service (RouteGuard). The connection is made possible via Veson’s Veslink voyage reporting solution.

Using Veslink, noon reports and other voyage updates are automatically shared with SPOS/RouteGuard via the Veslink Network increasing a ship’s operational efficiency and reducing workloads both on the vessel and in the office. The critical voyage data collected through Veslink drives both more accurate and timely routing and performance information from SPOS/RouteGuard, as well as the forward itinerary and P&L analysis in IMOS.

Mark White, Business Unit Director Marine at MeteoGroup commented, “MeteoGroup and Veson look to add value by collaborating on a range of products in the near future. MeteoGroup is delighted to include Veson in its partnership programme, looking to build improved products for its combined shipping customers.”

Per Ostman, Manager of Strategic Relationships at Veson Nautical said, “We are very excited to partner with MeteoGroup and provide this valuable service to our common clients and commercial maritime as a whole. We look forward to continuing to innovate and grow the relationship.”

Thursday, 1 October 2015

Dry well in the North Sea - 01/10/2015

Dry well in the North Sea

Statoil Petroleum AS, operator of production licence 169, has concluded the drilling of wildcat well 25/11-28. The well is dry.

The well was drilled 13 kilometres south of the Grane field in the North Sea.

The objective of the well was to prove petroleum in Upper Jurassic reservoir rocks (the Draupne formation) and in the Permian (the Rotliegend group). The well encountered 22 metres of sandstone in the Upper Jurassic, of which 7.5 metres is of good reservoir quality. Reservoir rocks were not proven in the Permian. The well is dry.

Extensive data acquisition and sampling have been carried out.

This is the 15th exploration well in production licence 169.

The well was drilled to a vertical depth of 2563 metres below the sea surface, and was terminated in basement rock.

Water depth at the site is 118 metres. The well will now be permanently plugged and abandoned.

The well was drilled by the Songa Trym drilling facility, which will now drill wildcat well 34/8-16 S in production licence 120 in the northern North Sea, where Statoil Petroleum AS is the operator.

New collaboration on future energy - 01/10/2015

New collaboration on future energy 

The Norwegian University of Science and Technology (NTNU) and Statoil today (Thursday 1 October) signed an agreement on research funding for future energy solutions.

With a total budget of NOK 50 million over four years, Statoil and NTNU wish to build up a world-leading research group to develop sustainable energy solutions.

The group will also assess the market prospects and effects of various kinds of climate policy. The first step is to recruit an internationally renowned researcher with relevant expertise to guide our work and build up the research group, which will be based at NTNU in Trondheim.

“Statoil’s ambition is to be a leader in shaping the future energy society. Development of new technologies and solutions through industrial cooperation and collaboration with the best research and development institutes in the world are a key factor in this,” says Statoil CEO Eldar Sætre.

Earlier this year, Statoil and GE launched the technology-based Powering Collaboration programme to find industrial solutions to reduce the environmental impact of oil and gas production.

Statoil also has partnerships with leading international academic institutions such as the Massachusetts Institute of Technology (MIT), where we and other industrial companies develop knowledge about new energy solutions through the MIT Energy Initiative.

“In Norway, NTNU represents top-class knowledge and research in key strategic areas for Statoil and we look forward to solving new demanding challenges together,” says Lars Høier, Statoil’s head of research.

Increased, safe and sustainable access to energy is a key challenge for the world community.

“Norway has both opportunities and responsibility to help deal with this challenge through the production of more environmentally friendly energy. Collaboration with Statoil will help to strengthen the knowledge base for this production,” says NTNU Rector Gunnar Bovim.

Oil and gas will still account for a large share of the future energy mix, but growth in energy supply will mainly come from new energy solutions. Renewable energy, energy efficiency and carbon capture and storage will all play a major part in the coming decades.

Statoil’s financial contribution will be NOK 5 million annually for four years. Statoil also wishes to provide project funding linked to the initiative.

The agreement is part of the Akademia cooperative programme with NTNU, and Statoil has an option to provide funding for an additional four years.

NTNU has a similar budget to Statoil for the agreement, which means that NOK 50 million will initially be invested in future energy solutions.

ExxonMobil to Sell Torrance Refinery to PBF Energy - 01/10/2015

ExxonMobil to Sell Torrance Refinery to PBF Energy

Agreement includes Vernon and Atwood product terminals, associated pipelines and other logistics
Decision results from ongoing assessment of ExxonMobil strategic priorities
ExxonMobil remains committed to refining as part of integrated business strategy

ExxonMobil has reached an agreement with PBF Energy, Inc. for the sale and purchase of its refinery in Torrance, California, a lubricants distribution center at Vernon, products terminals at Vernon and Atwood, and associated California pipelines and other logistics assets, including facilities at the Southwest terminal.

“The sale results from a strategic assessment of the site and how it fits with our refining portfolio,” said Jerry Wascom, president of ExxonMobil Refining & Supply Company.

“ExxonMobil regularly adjusts its portfolio through investment, restructuring or divestment consistent with overall global and regional business strategies. We remain committed to a large, global refining portfolio as part of our integrated business strategy. We will continue to make significant investments across the globe to strengthen our facilities which are often advantaged by scale and integration with chemicals and lubricant manufacturing.”

Approximately 700 employees and 700 contractors work at the refinery and associated facilities. Employees are expected to be offered positions with PBF and existing third-party supply agreements, obligations, terms and conditions remain unchanged.

Subject to repairs to the refinery’s electrostatic precipitator and regulatory approval, change-in-control is anticipated to take place by mid-2016.

ExxonMobil is retaining a presence in California through ongoing production of oil and natural gas and sales of fuels and lubricant products. Exxon- and Mobil-branded retail sites in the state are unaffected by the agreement.

PBF recently contracted to purchase the Chalmette refinery in Louisiana through a separate, independent bidding process, in which ExxonMobil holds 50 percent interest.

Cautionary Note: Statements of future events or conditions in this release are forward-looking statements. Actual future results, including future business plans and closing of the sale and purchase agreement, may differ depending on political and regulatory events, including granting of regulatory approvals for closing of the agreement; satisfaction of other conditions specified in the agreement; the outcome of commercial negotiations; and other factors discussed under the heading “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com and in Item 1A of ExxonMobil’s most recent Annual Report on Form 10-K.