November 2012
News & Resources

Companies in the news

Companies in the news

Vol. 233 No. 11

COMPANIES IN THE NEWS


EDITORIAL@WORLDOIL.COM

ABB has been awarded an order worth $35 million from the Baltic Shipyard Ltd. to supply powerful propulsion and energy-efficient electrical systems for a new icebreaker vessel under construction for Russia’s state shipping company Rosmorport FSUE. The 25-megawatt line diesel-electric icebreaker is the next-generation multifunctional diesel-electric icebreaker. The navigation area of the icebreaker is the Northern Sea Route, the Arctic seas and estuaries of rivers discharging into the Arctic Ocean. The icebreaker is able to proceed continuously both ahead and astern at the speed of 2 kt in compact ice field up to 2-m thick with 20 cm of snow cover and temperatures as low as −35°C. 
 


Framo Engineering, a Schlumberger company, announced a $200-million contract from Total E&P Angola for the supply of a subsea multiphase pumping system for the Girassol Resources Initiatives (GirRI) Project. The multiphase pump system, which will be installed in Block 17, offshore Angola at a 1,350-m water depth, will boost the rates from two production flow loops. The contract covers the complete system of topside power and control, and two subsea pump modules. The pump system is based on the latest development of the Helico-axial technology, capable of a record differential pressure of up to 120 bar. The system will be assembled and tested at the Framo Engineering advanced test facility at Horsoey, Norway. Delivery is planned for the summer of 2014.


Drydocks World and Pacific Carriers Limited (PCL) have entered into a shareholders agreement in respect of the Drydocks World-Southeast Asia Pte. Limited Group. Under this agreement, PCL acquired & subscribed to 67% of the shareholding of DDW SEA. DDW SEA will be renamed as DDW-PaxOcean Asia Pte Ltd (DDW-PaxOcean). The day-to-day operational management of DDW-PaxOcean, comprising a shipyard in Singapore, three shipyards in Batam and a shipping division, will be managed by a newly assembled management team.


International welding company Serimax, a subsidiary of the Vallourec Group, has been awarded a three-year frame agreement by Technip’s UK operating center to provide a comprehensive service package at Technip’s Evanton spoolbase in Scotland. The scope of work contains the specialist welding services, pipe management, pipe handling, welding equipment, pipe inspection, field joint coating, hydro testing and general fabrication services carried out by Serimax.


American Pollution Control Corp. (AMPOL) has finalized the purchase of Berry Brothers Remediation in Bayou Vista, La. The new location is equipped to handle Naturally Occurring Radioactive Material (NORM) remediation and decontamination. Features of the facility include a five-acre dockside to load and unload boats, in addition to a large loading and unloading zone for trucks. The strategic location of the Bayou Vista site, which is centered in the Gulf of Mexico region, allows immediate access to Gulf waters.


Ashtead Technology Offshore has moved to new global headquarters in Westhill, Aberdeen. The investment in the new premises follows the recent appointment of Allan Pirie as CEO. The new facility has doubled the company’s capacity, incorporating offices, warehouse, maintenance workshops and a specialized calibration laboratory, representing a £750,000 investment.


Xodus Group won a BABC Houston International Business Award for the Small to Mid-Sized Business category in the 3rd Annual British-American Business Council International Business Awards. Xodus Group has been in Houston for over a year, and has already won $10 million in new contracts.


HB Rentals, a Superior Energy Services company, has been awarded a year-long project to provide onshore skid housing and support equipment to a 10-rig package in the Marcellus and Eagle Ford regions. In addition to accommodations, HB Rentals will provide generators, power distribution, water tanks, sewage units and communication solutions to both locations. The contract is set to complete in July 2013.


IOS InterMoor AS, an Acteon company, has signed a framework agreement with ExxonMobil Exploration & Production Norway AS to provide engineering services and equipment offshore Norway. The contract will run for five years, with the option of three one-year extensions. The contract work scope includes inspection and logistics on Jotun and Balder fields in the North Sea. IOS InterMoor AS’s scope of work will also include other mooring-related engineering tasks.


ABS has granted approval in principle (AIP) to a new LNG and regasification articulated tug barge concept introduced by Waller Marine Inc. The vessel has the ability to load LNG from existing LNG terminals, liquefaction facilities, or traditional LNG carriers and transport the LNG to existing tanks, traditional LNG carriers, trucks or marine vessels, using LNG as a fuel. The barge also is equipped for regasification of LNG directly to a pipeline or to a power plant.


Ithaca Energy has entered into agreements with Noble Energy to acquire two subsidiary companies that will hold non-operated interests in UK North Sea producing fields; a 12.885% interest in Cook field and a 14% interest in MacCulloch field. The total consideration is $38.5 million, implying an acquisition cost of $11.30/bbl of proven and probable reserves. Completion of the transactions is anticipated in early 2013.


Borders & Southern has signed a contract with Petroleum Geo-Services (PGS) for the acquisition and processing of a new 3D seismic survey in the South Falkland basin. The survey, measuring approximately 425 sq mi, will be located in Quad 61, adjacent to the northern margin of the company’s existing 3D area. The aim of the survey is to provide more data on the proven Early Cretaceous play fairway, deliver greater definition to prospects that have been mapped on 2D data and potentially identify new leads.


UTEC announced it is relocating to a purpose-built facility in Naples, Italy. Continued sustained growth in operations, including two large geophysical and geotechnical projects in West Africa and Saudi Arabia, has led the company to move to larger premises in Pozzuoli, Naples. The new building offers 600 sq m of office and workshop/warehouse space and will be the base for the team which currently comprises 10 onshore and 12 offshore personnel.  Projected growth and increases in revenues from European and African operations will see staff numbers increase to 13 onshore and 20 offshore staff by the end of 2012. WO

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