Statoil (OSE: STL, NYSE: STO) has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company (AGSC) to the Malaysian oil and gas company PETRONAS. The transaction value is USD 2.25 billion.
"Statoil has created significant value by participating in the development of this asset over the years and we are pleased to announce this deal with PETRONAS. The divestment optimises our portfolio and strengthens our financial flexibility to prioritise industrial development and high-value growth," says Lars Christian Bacher, executive vice president for Development and Production International in Statoil.
In recent years Statoil has strengthened its resource base and industrial opportunity set. To prioritise high potential future developments, Statoil has realised substantial value from transactions on the Norwegian continental shelf and internationally.
This portfolio optimisation continues to increase financial strength and flexibility to deliver on our strategy for high-value growth. Statoil's 2014 second quarter production from the Shah Deniz field was 38,000 barrels of oil equivalent per day.
Following the divestment, Bacher says, "We remain committed to our business in Azerbaijan, which continues to play an important role in Statoil's international portfolio."
The effective date is 1 January 2014. The transaction is expected to be closed early 2015, subject to approval from the relevant authorities.
The Shah Deniz field was discovered in 1999. It is located on the deep water shelf of the Caspian Sea, 70 kilometres south-east of Baku, in water depths ranging from 50 to 500 metres. Shah Deniz Stage 1 began operations in 2006. The Shah Deniz partners are currently producing approximately 26 million cubic meters of gas and 53,000 barrels of condensate per day, approximately equivalent to 225,000 barrels of oil equivalent per day.
The Shah Deniz field is operated by BP (28.8%) and the other partners are TPAO (19%), SOCAR (16.7%), Lukoil (10%), Nico (10%).
The discovery of an additional 1.2 trillion cubic feet (tcf*) of natural gas in place in the Giligiliani-1 well brings the total of in-place volumes up to approximately 21 tcf in block 2.
The Giligiliani-1 discovery is located along the western side of block 2 at a 2,500-metre water depth. The new gas discovery was made in Upper Cretaceous sandstones.
"This discovery has proven the gas play extends into the western part of block 2, which opens additional prospects. Our success rate in Tanzania has been high and opening up a new area will be key to continuing our successful multi-well programme," said Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere.
The rig Discoverer Americas will now drill the Kungamanga prospect located in the central part of block 2.
The Giligiliani-1 discovery is the venture's seventh discovery in block 2. It is preceded by the five high-impact gas discoveries Zafarani-1, Lavani-1, Tangawizi-1, Mronge-1 and Piri-1, and a discovery in Lavani-2.
Statoil operates the licence on block 2 on behalf of Tanzania Petroleum Development Corporation (TPDC) and has a 65% working interest. ExxonMobil Exploration and Production Tanzania Limited holds the remaining 35%. Statoil has been in Tanzania since 2007, when it was awarded the operatorship for block 2.
(*1 Tcf =180 million barrels of oil equivalent)
BG Group announced on Wednesday the appointment of Helge Lund (photo) as Chief Executive and as an Executive Director with effect from March 2, 2015.
Helge is currently the Chief Executive Officer of Statoil, a $77 billion1 international energy company, operating in 36 countries. Over the past 10 years, Helge has led the transformation of the business into one of the world's leading oil and gas companies. His decision to step down from Statoil to join BG Group was announced on October 15, 2014.
Prior to his 10 years as CEO of Statoil, Helge served as the CEO of Aker Kvaerner, an industrial conglomerate with operations in oil & gas and shipbuilding. He previously also served in the roles of Deputy CEO and Chief Financial Officer at the pharmaceutical division of Hafslund Nycomed, an industrial conglomerate.
Andrew Gould, Chairman of BG Group, commented: "Helge's track record speaks for itself. He has built a world-class exploration and production portfolio at Statoil, and the company is now widely admired for its technical expertise, financial performance and strong, values-based culture. Helge is ideally suited to lead BG Group in the next phase of its growth, and to accelerate the creation and delivery of value for our shareholders, while delivering the Group's business plans. The Board and I are delighted to have secured his appointment."
Helge Lund, incoming Chief Executive of BG Group said: "BG Group is a Company with a strong set of assets and opportunities. I look forward to joining this organisation and working with BG's people to develop the Company's full potential."
Ahead of this appointment, the BG Group Board undertook an extensive global search, led by Andrew Gould. In light of that process, the Board has concluded that it is in the best interests of the Company and its shareholders to secure the appointment of Helge as Chief Executive given his strong track record, skills and experience.
The Board has approved a remuneration package that is competitive in the international oil and gas industry. The package includes a conditional allocation of shares, along with salary, bonus, pension and long-term incentive awards.
The conditional allocation of shares is outside the Company's remuneration policy approved by shareholders at its Annual General Meeting in 2014. As such, it requires separate approval by shareholders. A specially convened general meeting will take place before the end of the year.
Andrew Gould commented further: "BG Group has excellent prospects. We will have strong production growth and cash generation over the coming years from our projects in Brazil and Australia. To make the most of this potential, we need to build on our strengths in exploration and LNG and also become a world-class operator. The Company needs a proven leader from the oil and gas industry to deliver the exceptional opportunities available to it. We will be consulting with our shareholders and we are confident that they will be supportive."
Listing Rule 9.6.13
In accordance with paragraph 9.6.13 of the Listing Rules, BG Group confirms that, other than as set out in this announcement, there are no disclosures to be made.
First step on path to enhanced offshore communication standards
Maritime Communication Partner (MCP) is teaming up with Shell to install its first LTE base station on the Norwegian Continental Shelf (NCS). The agreement signals the beginning of MCP's ambitious 4G network roll out across the NCS, connecting platforms, rigs and vessels with high-speed and competitively priced mobile and internet services.
MCP's base station and associated control systems will be sited on Shell's iconic Draugen platform (photo), the super major's first Norwegian platform (beginning production in 1993) and still its most northerly producing site, situated 150 km off the coast of Kristiansund. MCP's technical team will upgrade the GSM technology that is currently in-situ, with all work scheduled for completion before the end of 2014.
Frode Støldal, MCP CEO, believes the installation will herald a new communication age for businesses and individuals working on the NCS:
"High-speed, reliable mobile networks are taken for granted on land, but, until now, the offshore industry hasn't been able to enjoy the same standards. This development with Shell is a tangible sign that change is on the way."
He continues: "4G speeds and a network reach that spans the NCS will deliver real benefits for offshore workers, enabling a digital lifestyle similar to the ones they enjoy at home, while increasing business efficiency, process and performance. It's the future of offshore communication and we're delighted that Shell is a key partner in enabling this leap forward."
MCP committed to upgrading its current GSM proposition to LTE (4G) after winning the Norwegian Post and Telecommunications Authority's 800Mhz offshore licence on August 18th. The firm is already a leader in the 'mobile at sea' industry within the cruise and ferry sectors, and is now focusing on transferring its 12-year track record of success to the offshore segment. It currently works with names such as DeepOcean, Subsea7 and Gulf Offshore.
"MCP has a proven pedigree and is committed to delivering innovative solutions that enhance mobile communications at sea," Einar Nesvåg,Telecom, Draugen Platform. "Their 4G plans embody that drive and have the potential to benefit everyone working on the NCS. We're very happy for Draugen, which has been key to our own success here, to play such a crucial role in this new stage of development for the offshore industry."
OneSubsea™, a Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB) company, has been awarded a subsea production systems contract totaling more than $290 million for the Lakach deepwater project offshore Mexico. This is the first deepwater subsea field to be developed by Pemex.
The scope of supply for the seven well system includes subsea production equipment and tooling. OneSubsea will also provide installation and commissioning services. Deliveries are expected to begin in June 2016.
Cameron Chairman, President and CEO, Jack B. Moore said, "OneSubsea is very honored to be awarded this contract from Pemex. The Lakach field is a significant development for Mexico, and OneSubsea looks forward to providing the best-in-class equipment and services that will help them optimize production."
Learn how workers and engineers mitigate a variety of potential dangerous situations such as equipment failure, accidents, medical emergencies, and even hurricanes while working offshore at a free issues forum on offshore safety Oct. 23, 7 p.m. at the George Bush Presidential Library and Museum at Texas A&M University.
The speaker is Charlie Williams (photo) , Executive Director of the Center for Offshore Safety since 2012. He previously spent 40 years at Shell, where his work included the development of high pressure, high temperature wells and specialized drilling and completion equipment for extreme environments. He has served on the Joint Industry Task Force on Subsea Containment, the Operating Committee of the Marine Well Containment Project, the Executive Board of the Marine Well Containment Company and the Department of Interior's Offshore Energy Safety Advisory Committee.
The Center for Offshore Safety is designed to help companies prepare for such emergencies by promoting the highest level of safety for offshore drilling. Through its use of independent third-party audits, it seeks to enhance and continuously improve industry's safety and environmental performance, gain and sustain public confidence in the oil and gas industry, increase public awareness of the industry's performance, stimulate cooperation within the industry and provide a platform for collaboration between the industry, government and other stakeholders.
A free reception will follow the issues forum. The event is offered free of charge, but reservations are strongly recommended. Register online at bushlibrary.eventbrite.com, or for more information call (979) 691-4014.
The issues forum is presented by the George Bush Presidential Library and Museum and presented in conjunction with our exhibit "Offshore Drilling: The Promise of Discovery" on display through Feb. 1, 2015 in the Ansary Gallery of American History. The exhibit is made possible through title sponsor Shell and supporting sponsorships from Ensco, Schlumberger, Move Resource Group and the George Bush Presidential Library Foundation. For more information about the exhibit go to bushlibrary.tamu.edu/offshore.
The mission of the George Bush Presidential Library and Museum is to preserve and make available the records and artifacts of George H. W. Bush, 41st President of the United States. We promote civic literacy and increased historical understanding of our national experience, and foster a community of public service and volunteerism. Located on the campus of Texas A&M University – a premier public Tier 1 research university home to more than 50,000 students – the George Bush Presidential Library and Museum is part of the National Archives and Records Administration's Presidential Libraries system.
FMC Technologies, Inc. (NYSE: FTI) announces that it has signed a long term frame agreement with Wintershall Norge AS to supply subsea production systems for its developments offshore Norway. The first call-off under the frame agreement, covering subsea equipment for Wintershall's Maria field, has been awarded. This initial call-off has an estimated value of $280 million in revenue.
The frame agreement expands FMC Technologies' already established relationship providing surface and shallow water equipment to Wintershall to include support for its subsea developments.
"FMC Technologies is pleased to announce this expanded relationship with Wintershall to provide subsea production systems and to supply the equipment for its Maria field," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "This frame agreement will enable us to implement standardized solutions that will form the basis for Wintershall's future subsea developments."
Eni's CEO, Claudio Descalzi, signed today with Petrovietnam's President and CEO, Do Van Hau, two Production Sharing Contracts (PSCs) for the exploration of blocks 116 and 124, located off the coast of Vietnam.
Block 116 covers an area of about 5,000 sqkm in the Song Hong basin, in waters with a depth ranging from 10 to 120 meters. The PSC block, wholly owned by Eni, provides for an exploration period of seven years divided into 3 phases.
Block 124 covers an area of 6,000 sqkm in the Phu Khanhbasin, in waters that have a depth ranging from 50 to 2,600 meters. The PSC provides for an exploration period of seven years divided into 2 phases. This block is held by Eni, which is the operator with a 60% stake, and by Santos Vietnam with a 40% stake.
Claudio Descalzi also met Hoang Trung Hai, Deputy Prime Minister with responsibility for Trade, Industry, Construction and Transport, and provided him with an update of the activities and projects that the Company is developing in the Country
"The participation in these two new high-potential blocks will consolidate our presence in the area and support our growth in the Pacific basin. The proximity of these blocks to those which we already operate will enable us to exploit at best the logistical and operational synergies, with considerable savings in terms of time and costs" said Eni's CEO.
These new agreements confirm Eni's interest to continue and consolidate its presence in Vietnam, where the company returned in 2012 and already operates four offshore exploration blocks.
BMT Scientific Marine Services (BMT), a subsidiary of BMT Group Ltd, has been selected by Saipem to supply the riser integrity monitoring systems for the Lula Norte and Lula Extremo Sul developments in the Santos Basin Pre-Salt Region, Brazil's largest sedimentary basin.
Riser integrity monitoring systems measure bending moments and tensile forces in risers in order to provide end users with an understanding of the risers' condition. Data from these systems are then used to verify riser design models, ultimately leading to long-term improvements in riser design.
The Lula Norte and Lula Extremo Sul projects will feature systems that incorporate BMT's ROV-Serviceable Subsea Strain Sensor Assembly. This allows for continuous monitoring and data collection, preserving the absolute bending and tension measurement while a single sensor is removed and replaced.
BMT provides innovative Integrated Marine Monitoring Systems (IMMS) for a wide range of floating offshore oil facilities including the associated subsea risers and mooring systems. It delivers custom-engineered products from design through procurement, assembly, installation and operational support service. In addition, BMT deploys temporary monitoring systems for performance assessment, acceptance trials and forensic investigations. In combination with its extensive monitoring system experience, BMT provides data management and technical analysis of data acquired by the various permanent and temporary integrated marine and structural integrity systems.
BMT has an excellent track record in supplying 75+ major Platform Integrity Monitoring Systems to operators in the Gulf of Mexico, offshore West Africa, Brazil, Malaysia and West of Shetland.
Harvey Gulf International Marine, LLC have announced its continued strategic business growth by establishing Harvey Gulf International Marine de Mexico S.A.P.I. de C.V. With a presence in Mexico, Harvey Gulf is now able to fully service the needs of its clients currently operating in the offshore oil and gas segment of Mexico, and position itself to fully service the needs of future clients that will enter the market. Recently approved changes in Mexican law allow foreign ownership in hydrocarbons which facilitates this growth.
Shane Guidry, CEO of Harvey Gulf International Marine, says "We recognize the growth potential in the Mexican market for our business. The establishment of Harvey Gulf International Marine de Mexico will allow us to fully deliver our services direct to our clients in Mexico. Harvey Gulf's professionalism, new generation of assets, superior performance and safer operations will provide our customers value and address their significant needs in Mexico. This is what Harvey Gulf has built its reputation on. We will grow our business by continuing our high standard of operational excellence through incident free operations and with the deployment of assets which will strategically position Harvey Gulf to support Mexican operations. The initial area of operation will primarily be in Ciudad del Carmen, Mexico; however we will be able to operate in any other port facility locations along the Mexican coast to support operations.
By establishing Harvey Gulf International Marine de Mexico, it shows our commitment and continued journey to become the dominant player in our field which specializes in providing Offshore Supply and Multi–Purpose Support Vessels for Deepwater Operations Worldwide"
Barge Master is nearing the completion of the construction of the first BM-T40 system. On October 14th, the Barge Master motion compensated knuckle boom crane pedestal was installed on the new Wagenborg Walk-to-Work vessel, designed and built by Royal Niestern Sander. The vessel and Barge Master system will be delivered in the first quarter of 2015. NAM will use the motion compensated crane for service and maintenance of gas production platforms in the Southern North Sea.
Offshore platforms have become smaller and more flexible during the last forty years. They no longer have a resident crew or helicopter pads which means frequent journeys to and from the platform by vessel in order to perform maintenance work. With the new Walk-to Work Vessel these operations can be executed in a safer, more efficient and effective manner.
The Vessel is unique because multiple functions are combined for the first time in one design. The vessel can accommodate 20 crewmembers and 40 service technicians, chemicals can be stored and transferred safely, and thanks to the T40 Barge Master system materials can be transferred during wave heights of up to 3 meters. Through utilizing new technology, NAM is able to safely continue harvesting gas on the North Sea with an extended weather window and less down time.
Barge Master develops and produces motion compensation platforms for the marine and offshore industry. The Barge Master T40 is capable of compensating an offshore knuckle boom/telescopic boom crane with a capacity of 15mT.The servicing of wind turbines or unmanned oil (rigs) platforms are typical applications of the Barge Master T40. The system is based on the same principle as the Barge Master T700: roll, pitch and heave are compensated, while surge, sway and yaw are fixated. The T40 is developed together with Bosch Rexroth.
LQT Industries, LLC, a full-service provider of high quality accommodation facilities, electrical buildings, design-build construction services, and support services to the oil and gas industry, has built and commissioned a subarctic aluminum accommodations facility to be used by a global energy company on a drilling platform off the coast of Sakhalin Island, Russia.
The facility consists of ten (10) aluminum modular units made up of living quarters, recreation rooms, and utility rooms to accommodate ninety-six (96) personnel on a drilling platform. The exterior stairs and walkways included with the facility are completely enclosed with aluminum barriers to protect the occupants from the harsh weather environments the subarctic region produces. The facility was designed and built to comply with Russian regulatory groups, including certifications from GOST (Russian State Union Standard) and IPEIG.
The construction of the facility was performed at LQT's facility in Abbeville, LA and then disassembled and transported by truck to the Port of Houston where it was shipped to Sakhalin Island, Russia. LQT deployed eight (8) employees to Russia to provide management support for the assembly and commissioning of the facility where they received three (3) different awards for outstanding safety awareness and safe work practices.
NYC-based PIRA Energy Group reports that PIRA's restructured U.S. gasoline balances provide greater clarity and insight. In the U.S., large crude stock build, small product stock draw, and widening commercial stock excess. In Japan, crude stocks build despite higher runs. Specifically, PIRA's analysis of the oil market fundamentals has revealed the following:
PIRA's Restructured U.S. Gasoline Balances Provide Greater Clarity and Insight
PIRA's restructured gasoline balances are in response to the steep decline in volume and the relevance of finished gasoline stocks and imports. The changes to the EIA's finished balance came about as a result of the decline in MTBE and the rise in ethanol, as the oxygenate of choice. We have compiled a total gasoline balance, but one that also separates the major sources of gasoline supply, namely refinery output, ethanol input, and total gasoline imports. In contrast, the EIA's refinery and blender production of gasoline is a combination of refinery production, imported blending components, and ethanol.
Large U.S. Crude Stock Build, Small Product Stock Draw, Widening Commercial Stock Excess
U.S. crude stocks built, but less than the build for the same week last year, so the crude stock deficit increased. The four major refined products built as opposed to a draw last year, so the deficit for this group narrowed. In combination, crude and the four major refined products are in deficit -17.8 million barrels. All other product inventories drew less than last year's draw, widening out the year-on-year excess.
Japanese Crude Stocks Build Despite Higher Runs
Crude runs rose and imports were sufficiently high to build crude stocks. Finished product stocks also rose slightly. Gasoline demand was fractionally lower and stocks built slightly. Gasoil demand was strong and stocks drew. Kerosene demand was surprisingly strong and yield declined, such that stocks built only fractionally and less than would have been expected. Refining margins remain soft with all the major product cracks weakening modestly.
World LPG Prices Plummet
Prices of LPG fell by 10% or more in most key markets last week amid broader energy and financial market weakness. U.S. LPG stocks continue to build to ever higher record levels. Strong price competition by naphtha in Asia has led to subdued petrochemical purchasing, while an unplanned cracker upset in the Netherlands has left the NWE butane market looking long. Perhaps the only bright spot is increased propane demand in Europe in a tighter prompt market, as U.S. arrivals of the product have remained low.
Ethanol Prices and Margins Decline
The descent in U.S. ethanol prices continued though Thursday October 2, driven by building inventories and falling consumption. Cash margins for ethanol manufacture declined for the seventh consecutive week to the poorest level since the beginning of February.
Ethanol Output Increases
U.S. ethanol production rebounded to 901 MB/D the week ending October 3 from a six-month low 881 MB/D during the preceding week as some plants completed their maintenance turnarounds. Stocks were down 177 thousand barrels to 18.7 million barrels.
The information above is part of PIRA Energy Group's weekly Energy Market Recap - which alerts readers to PIRA's current analysis of energy markets around the world as well as the key economic and political factors driving those markets.
Deals decrease as operators wait for clarity over the future of the UKCS
Oil and gas operators may be sitting on new investment decisions until the future of the North Sea becomes clearer, according to the latest report from business advisory firm Deloitte.
The report, which details drilling, licensing and deal activity across North West Europe over the third quarter of 2014 and was compiled by Deloitte's Petroleum Services Group (PSG), found that four deals were announced offshore UK. This is slightly down on the five transactions reported in Q2 2014 and substantially lower than the 14 registered during Q3 2013.
Derek Henderson, senior partner in Deloitte's Aberdeen office, said the drop in deals may be down to North Sea operators continuing to wait for further clarity about the future of the UK Continental Shelf (UKCS).
In particular, firms are waiting for more detail about the implementation of the Wood Review, including formation of the Oil & Gas Authority, and changes to the North Sea's fiscal regime. These measures are due to be detailed in Chancellor George Osborne's Autumn Statement on 3 December.
Henderson said: "The industry continues to wait and see how the future of the North Sea will take shape. This is a particularly interesting year for the UKCS as it goes through a period of transition. There remains much change on the horizon and, as a result, many companies will be biding their time.
"All eyes will be on the Chancellor's Autumn Statement, where industry will be looking for measures which support the challenges of operating in this mature basin. Having spoken to a range of investors in the North Sea*, we know that a fiscal regime which is more predictable, with a lower tax burden is key for improving investor confidence. Incentives which will encourage exploration and appraisal activity, as well as new entrants to the region, are also a vital part of the equation.
"Ultimately, the UKCS needs to be internationally competitive if it is to attract the investment it requires to boost its future prospects. We've made all of these views clear in our submission to the fiscal consultation. This is the most important Autumn Statement for some time now, as it could be the last chance to get the fiscal regime right."
Meanwhile, the report also found 11 exploration and appraisal wells were drilled during Q3, up on the seven reported in the previous three months. This is consistent with the 11 announced during the same period last year.
However, price pressure and access to finance have remained issues on the UKCS. A large number of North Sea assets are on the market from some of the larger operators. Smaller companies, in some cases with limited budgets, tend to be the most likely buyers, creating a price differential in the market and potentially stalling deal activity.
Graham Sadler, managing director of Deloitte's PSG, said that although the number of new wells drilled was higher this quarter compared with the previous three months, the figures have been at a steady low for some time.
He said: "While it's encouraging to see an increase in the number of new wells drilled this quarter, we are starting from a low base. Until we see the incentives required to encourage further exploration and appraisal activity, drilling could remain muted in the short to medium term.
"During this period of transition, costs have remained high for North Sea firms, access to finance has remained difficult and the price of oil has dropped to as low as US$95 this quarter. This combination of factors continues to make the economics of extraction more difficult for operators."
The report also found that one field had been approved on the UKCS in Q3 2014, down on the five reported the previous quarter. However, this was consistent with the same period last year when just one field received development approval.
Deloitte will release its report "Making the most of the UKCS: The oil and gas fiscal framework: Is it fit for purpose?" later this month. The report draws insight from interviews conducted with companies from across the oil & gas industry about their views on the North Sea's current fiscal regime.
Miko Marine has developed a new carrying case for the convenient transport and storage of its high power anchor magnets. Manufactured from special high density polypropylene the new case is water and dust proof and contains an inner storage compartment that shields and isolates the magnet from its surroundings. The case has been designed to accommodate the powerful Miko MAM-001 and MAM-003 magnets which are used extensively offshore for a wide variety of applications above and below the water line.
The new Magnet Case now provides users with a greater degree of convenience when they are using a Miko magnet. A sturdy handle makes it easy to carry and layers of shock absorbent lining protect the valuable magnets against the rough handling and inhospitable storage conditions that they can encounter offshore. The effectiveness of the magnetic isolation provided by the case now enables a Miko magnet to be carried by air freight without a dangerous goods declaration.
Miko has supplied nearly 17,000 of its magnets for use around the world where they have been used for a wide variety of applications. The MAM-001 has a holding force of 150 kg and is extensively used for fastening items such as diving equipment, anchor points and guide wires for divers to ship sides or other steel structures. It can also be used as a convenient and reliable method for securing instrumentation such as acoustic transponders to subsea structures. The MAM-003 has a holding force of 450 kg and can be used for fastening large objects such as oil booms or any type of heavy diving equipment. The neodymium magnetic component of both magnets is coated with epoxy to improve their corrosion resistance in sea water. They are also equipped with a mooring lug and breaking lever for easy release and safe operation. The bottom of each magnet also contains a rubber filling which creates increased friction and improved usability.
Miko Marine is a specialist in the use of magnets for marine and offshore applications and has unrivalled experience in their use. The company also manufactures a range of magnetic patches that may be used to provide an instant water-tight seal for damaged ships or storage tanks. These have been responsible for preventing the sinking of ships on numerous occasions or for preventing the escape of marine pollutants.
Miko Marine AS is based in Oslo, Norway, from where it also provides a range of salvage and support innovations for the marine industry. It recently supplied the Norwegian Coastal Administration (NCA) with 15 of its unique emergency marine repair patch kits. Each kit contains a variety of magnetic and flexible Kevlar-reinforced fabric patches that can be quickly applied to seal hull damage in an emergency. They are routinely carried aboard all NCA patrol boats so they can provide practical assistance for any vessel at risk of sinking.
FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Total to supply subsea systems for its Edradour and Glenlivet fields offshore in the West of Shetland area.
FMC Technologies' scope of supply consists of subsea equipment including manifolds and associated connections and controls equipment, wellhead systems, subsea tie back connection equipment and a subsea production tree.
"FMC Technologies is pleased to be supplying the subsea systems for the developments," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "By working closely with Total we are able to provide a cost effective solution for developing these important fields."
Athens Group, a leading provider of independent, 3rd-party technology assurance and inspection services for oil and gas drilling and production assets, continues on pace for a record-breaking year of 70% growth. This growth can be attributed to the increased value rig owners and operators place on the systems-based quality assurance services provided by Athens Group, which measurably improve the safety and reliability of drilling and production assets.
The company's growth is also being fueled by its BOP and Rig Inspection services, which utilize comprehensive and automatically generated inspection checklists based on a proprietary database of international standards and regulations, in addition to increased demand for its industry-leading 3rd-party Hardware in the Loop (HIL) Verification services.
The company recently relocated its Houston operations to a larger office space in the Energy Corridor on South Dairy Ashford Street and launched a new website to showcase its expanded suite of quality assurance and inspection services at www.athensgroup.com. Athens Group has also extended its service delivery presence beyond Europe, Asia, and Africa into the Middle East and Latin America.
JDR has won a contract for the design and manufacture of a hybrid power steel umbilical from Wintershall Noordzee B.V. This umbilical will be deployed to the Ravn field development in the North Sea.
JDR's scope of work includes delivery of an 18.2 km umbilical which will provide power and control; connecting a new platform to an existing platform for long-term well testing off the Danish coast. The composite umbilical is comprised of hydraulic hoses, super duplex steel tubes, MV power cores, and fibre optic cables. Additionally, JDR will provide the subsea hardware as well as life-cycle support through their Global Service division.
The umbilical will be manufactured and loaded out at JDR's deep-water, quayside Hartlepool facility and will be delivered to the Ravn field in the North Sea. Delivery is scheduled for the third quarter of 2015.
Carl Pilmer, EMEA Umbilical Sales Director for JDR, comments: "We are extremely proud to be working with Wintershall on this Ravn project. We have a long history of umbilical and cable delivery to North Sea developments. This project is yet another testament to JDR's design and manufacture expertise."
Unique Maritime Group (UMG), one of the world's leading integrated turnkey subsea and offshore solutions provider has recently held its annual strategic board meeting in Dubai, UAE from the 8th to 10th of October. At the meeting, the Group has formally announced the joining of a new member to its family – Steve MacMillan (photo) as the Global Project Director for its Diving Division and the Global QHSE Director. He will be based at UMG's head office in Sharjah, UAE.
Steve's main responsibilities will focus on managing and coordinating large and complex Diving related projects through all phases of design, permitting and construction. He will also provide leadership for the regional site project management teams by managing, coordinating and developing UMG staff. Steve will also be responsible for developing and driving the companies QHSE culture in his role as Director of QHSE.
Steve started his early career in the Diving industry in 1981 as an air diver, working out of Singapore. He then rapidly progressed on to becoming a saturation diver and onwards as a Saturation supervisor. In 1995, Steve joined McDermott as an operations manager and ultimately became the Director of International Diving for McDermott as well as Director of HSES for the Subsea Group. Steve's focus on Health & Safety has always been at the forefront of his leadership style.
Steve has played an active role in the Diving Industry; he is currently the IMCA Far East Chairman, the IMCA Diving Division Chairman and a Vice Chairman on the OGP Diving Industry Workgroup.
On this occasion, Harry Gandhi, CEO @ Unique Maritime Group commented, "We @ UMG are profoundly delighted to have Steve on board. Steve brings with him a wide array of experience, energy and knowledge of the diving industry. This move will further bring in significant amount of positive changes in UMG's diving division. We would now look at undertaking new, challenging and complex projects for customers across the globe. We also look forward to further develop the QHSE culture at all our offices under Steve's apt guidance."
Steve MacMillan affirmed, "I am very excited to take up my new role at Unique Maritime Group as it is a renowned name in the diving sector for offering world-class products and services to customers globally. I look forward to value add and contribute to the company's overall growth and strategic plans and achieve its objectives successfully."
Unique Maritime Group offers a wide range of diving equipments, some of these include commercial diving equipment, saturation diving systems, decompression chambers, daughter craft systems, breathing air compressors and Hyperbaric Rescue Facility.