Company Updates

David Cedro has joined the Danos executive team as vice president of finance and administration, with responsibility for overseeing the company’s domestic and international administration, finance and accounting activities. James Callahan, who previously held the senior finance position, moves into a new role as vice president of project services.

Crowley Maritime Corporation announces that it has restructured its business units thus increasing the company’s ability to bring solutions to customers by leveraging its strong culture and high-performance capabilities. The restructuring also increases Crowley’s focus on government-related business, and better aligns vessel operations and fuel distribution services with its customers, positioning the company for greater growth and efficiency.

Danos has announced that it has safely completed a painting and coating project on the Shell-operated Olympus Tension Leg Platform (TLP) located in the Gulf of Mexico ahead of schedule and nearly $1 million under budget. The Louisiana-based paint crew worked 31,000 man-hours and painted nearly 50 square feet per day, which included suspended cleaning and painting activity on the platform’s underside.

Skandi Niteroi, a Brazilian built pipelay support vessel (PLSV) owned by the joint venture between DOF Subsea (50%) and TechnipFMC (50%), has been awarded a contract by McDermott on the Atlanta Project for Queiroz Galvão.

Trelleborg’s offshore operation is committed to continuing its work in Mexico to help educate and develop specifications aimed at improving fire safety solutions used in harsh offshore environments. To this end, Hans Leo Hals, Managing Director for Trelleborg’s offshore operation based in Norway, met with leading oil and gas representatives in Mexico over a number of months to support in improving the safety of Mexico’s offshore assets in the Gulf of Mexico.

Talos Energy LLC ("Talos") and Stone Energy Corporation (NYSE: SGY; "Stone") have announced that their Boards of Directors have unanimously approved the combination of Talos and Stone in an all-stock transaction that will create a premier offshore-focused exploration and production company.

10Peterson 2911Leading international energy logistics provider Peterson has been awarded a contract with Chrysaor to provide integrated logistics services for its operated assets in the UKCS.

Initially for one year, with potential to be extended, the scope of work with Chrysaor, a business which is focused on the development and commercialisation of dormant oil and gas discoveries and incremental reserves, includes quayside operations, transport and integrated warehouse management and will be serviced from Peterson’s facilities at Torry Marine Base, Altens Operations Base and Edzell Integrated Supply Base.

As a forward-thinking company, Chrysaor is passionate about what it does and encourages innovation across its projects and work scopes. The partnership with Peterson is a strong fit, with both companies looking to move the energy industry forward through better and more streamlined ways of working which includes embracing Peterson’s elogitics offering.

Commenting on the award, Chris Coull, Regional Director, Peterson, said: “Chrysaor’s decision to award us this new contract to support their North Sea assets reflects their confidence and assurance in our ability to deliver efficiency and generate maximum value across their logistics operations.

“We bring a strong track record and experience in previously serving these assets and initially our focus will be on delivering a seamless transition. We look forward to working closely with Chrysaor to understand their needs and bring new ways of working that drive efficiency and facilitate resource sharing, whilst ensuring a continued focus on safe execution and delivery.”

Chrysaor is a private company established in 2007 and focused on generating superior equity returns by developing and commercialising oil and gas incremental resources. The management team has a proven track record of success and seeks to acquire producing fields with associated undeveloped hydrocarbon resources. Chrysaor is now a self-sustaining full cycle E&P company, with a portfolio of assets balancing near term development with production growth, combined with significant gearing to appraisal and exploration success.

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