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Vol. 227 No. 9 |
Fabrication and construction firm Dynamic Industries, Inc., has acquired the assets of Mid-Fab (formerly UNIFAB) of New Iberia, La. Construction and fabrication facilities for Dii will increase from 107 acres to over 274 acres. Included in the purchase is a 35,000-sq-ft dedicated roll mill shop, while total facility space increases from 187,500 to nearly 513,000 sq ft. Covered shop space will now exceed 218,000 sq ft.
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Education for future energy executives
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With half of today’s workforce set to retire within 10 years, and only 15% of today’s energy workers in their 20s and 30s, it is important to develop and pass on industry knowledge to next-generation leaders. Rice University and Ernst & Young, LLP, will jointly deliver an Energy Executive Education program to help oil and gas executives meet the challenges of new technologies, new and remote regions for exploration, and increasingly complicated regulatory and tax requirements. The program includes:
- Thought Leadership Series – an in-depth discussion on current trends, allowing participants to share information and work together to develop solutions.
- Energy Leadership Symposium – An annual conference where participants from across the industry gather to learn about and discuss issues and solutions.
- Certificate of Management in Energy – An intense, 12-day course with detailed instruction from industry leaders on topics ranging from leadership and risk management to information technology and finance.
- Energy Roundtables – Conducted quarterly, these sessions bring together industry leaders to discuss and debate the direction of the industry.
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European private equity and venture capital company 3i will sell its stake in Aberdeen-based Specialised Petroleum Services Group Ltd (SPS), a provider of wellbore clean-up products and services for the oil and gas industry, to M-I Swaco. The purchase price for the whole company is about $165 million (£89 million). 3i and managed funds held a 51% stake in SPS. M-I Swaco is jointly owned by Smith International Inc. and Schlumberger Ltd.
Veritas DGC Inc. and Seitel, Inc., have formed an alliance to reprocess and license Seitel’s non-exclusive seismic data in the Gulf of Mexico shelf region. The Seitel library contains pre-stack time migration data covering 954 blocks in the Gulf of Mexico. An initial tranche of 425 blocks will be reprocessed using Veritas’s advanced imaging technologies, including pre-stack depth migration and amplitude versus offset technology. The first offering in the series will be 40 lease blocks in the Grand Isle area, which will be available in the Fall of 2006.
OceanWorks International has announced the relocation and expansion of their corporate headquarters and Houston-based manufacturing to a 25,000-sq-ft facility, which features 19,000 sq ft of fabrication and assembly shop, with overhead cranes and an expansive, enclosed yard providing a full range of FAT/SIT capabilities. The company also announced that it has achieved DNV certification of its management system under ISO 9001:2000.
IHS Inc. acquired Calgary-based Canadian Hydrodynamics Ltd. (CHD), a provider of comprehensive drillstem test information for the Western Canadian Sedimentary basin. The CHD database has been available exclusively through IHS AccuMap as a partner dataset since 1995. Built over the past 45 years, the CHD dataset was designed in cooperation with industry experts, who helped ensure that the library was as complete and accurate as possible. Since its inception, each test has been reproduced on 35-mm microfilm, rather than 16-mm film fiche, to preserve the exact scale and resolution of the original chart and source material.
Wood Group ESP (Canada) Ltd. has opened a new 30,000-sq-ft facility in Leduc, Alberta, to increase the business’ manufacturing and service capabilities in the Canadian marketplace. The new facility is centrally located in the Western Canadian Sedimentary basin, and will function as a manufacturing and service center for ESPs.
Sondex plc acquired Bluestar Tools, a Canadian-based business designing, manufacturing and supplying instrumentation and tools for drilling operations in oil and gas wells. The maximum consideration, including sales-related earn-out, is C$22.75 million. In addition, Sondex has formed a new company, Sondex Drilling Tools Inc., to embrace its broad range of MWD and LWD instruments.
Ikon Science has acquired Durham, UK-based GeoPressure Technology Ltd (GPT). The acquisition enables Ikon Science to provide an integrated software and services solution for well targeting, planning and operations, in deep water and high-pressure, high-temperature environments. GPT is the developer of the PressureView and PressureViewExpress software packages that provide fast graphical and quantitative analysis of pressure data with a capability for handling thousands of wells.
Granby Oil and Gas plc has agreed with ExxonMobil affiliates to acquire a 50% interest in Block 49/29b in the UK Southern North Sea, containing the Tristan North West gas development. The Tristan North West accumulation contains proven gas, and is expected to produce in excess of 30 Bcf, with first gas potentially as early as Autumn 2007 and an economic field life of about five years. Mosaic Natural Resources Ltd will acquire the remaining 50% interest in the same block.
Reservoir Imaging Ltd (RIL), the newly formed 4-D seismic software services consultancy based in Edinburgh, Scotland, announced that Sercel, a seismic acquisition equipment manufacturer, has purchased a minority stake in the company. RIL was formed in September 2005 by a group of managers, all previously with Concept Systems. Its goal is to assist oil and gas companies in optimizing the planning and execution of 4-D marine seismic surveys.
Maxpro Technologies has opened a new West Coast Distribution Center in Santa Ana, Calif. The center will stock Maxpro’s complete line of Maximator power products, including liquid pumps, gas boosters and air amplifiers. It will serve the states of California, southern Utah and Arizona.
For more information, see www.rice.edu/ee or www.ey.com/us/energycenter.
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