SERVICES | SUPPLIERS

Nov. 4, 2013

Duma Energy Corp.

Duma Energy Corp. is pleased to announce the election of Kent Watts and Pasquale Scaturro as directors of the company, effective October 11, 2013. Watts has been appointed chairman, replacing Jeremy Driver, who will remain on the board. Scaturro will replace Leonard Garcia who retires at the end of October 2013. Board member Steven Carter stepped down in September 2013.

"We are excited to welcome Kent and Pasquale to the Duma board of directors. As industry veterans, they bring a wealth of technical and financial expertise in addition to a network of worldwide relationships. We look forward to benefitting from their operational experience," commented Jeremy Driver, CEO of Duma. "On behalf of the entire board, I would like to thank Steven Carter and Leonard Garcia for their dedicated service and contributions over the past 7 years."

Watts currently serves as Chief Executive Officer of Hydrocarb Corporation, a privately held company he co-founded with Mr. Scaturro, Hydrocarb's President and Chief Operating Officer. In addition to operations in the U.A.E., Hydrocarb owns rights to and operates a 21,000 square kilometer onshore oil and gas concession in northern Namibia. In August 2012, Hydrocarb farmed out a 39% working interest in its concession to Duma's subsidiary Namibia Exploration, Inc. In August 2013, Duma announced its intention to acquire Hydrocarb and negotiations remain ongoing.

T.D. Williamson, Inc.

T.D. Williamson, Inc. (TDW), a global provider of pipeline services and equipment, announced the successful inline inspection (ILI) of a key oil pipeline network that runs through Parentis Lake, in southwest France. The inspection program was carried out on twelve oil production lines and one oil transmission line near Bordeaux, and was the first time TDW supplied this service to Vermilion REP, a division of Canadian energy firm Vermilion Energy (www.vermilionenergy.com).

Parentis Lake is dotted with numerous oil platforms that Vermilion uses to extract oil from wells, down to 1.5 miles (2,500 meters). The lines connect with the platforms on the lake and transport the extracted material, an oil and water mix, to the decanting stations in Parentis. The oil is then transported to a storage area in Ambès, where it is delivered to refineries throughout France.

ESP Resources, Inc.

ESP Resources, Inc., an oil and gas services company, has recently concluded testing and sampling of 100+ wells in South Texas within close proximity to its district office in Victoria, Texas.

The Company will begin the delivery of production chemicals to the operator of the wells starting this month of October. The expected increase in revenue for the Victoria district is anticipated to exceed $600,000 per year.

Through the use of ESP's chemical technology, the Company expects to assist the operator in increasing production from the capture and separation of additional hydrocarbons from the oil and gas wells. ESP also anticipates a reduction to the operator in the per barrel equivalent treatment costs of the produced oil, gas, and water products.

David Dugas, President & CEO stated, "Our customers have high expectations during their testing so that they can select and trust the best petrochemical supplier for their wells. As expected, our superior chemistry clearly edged out our competition. This operator also has additional fields located in Texas and Louisiana that we anticipate testing before the end of the year."

ABB

Santacana

ABB, the leading power and automation technology group, is realigning responsibilities in its Group Executive Committee (EC) to put a strong focus on acquisition integration and the significantly expanded North American business portfolio.

Under these changes, Greg Scheu, who is currently responsible for Marketing and Customer Solutions (MC) on the EC, will lead the Group's acquisition integration efforts and take over responsibility for North America including the United States, ABB's largest geographical market. Scheu will retain responsibility for ABB's service business, while the remaining activities of MC will be further developed by other members of the EC. All changes will be effective November 1, 2013.

"Greg has proven to be a successful team-oriented leader in ABB's power and automation businesses in multiple divisional operating roles over many years. He has delivered strong results as the Baldor and Thomas & Betts integration leader, as well as in his current EC role responsible for Marketing and Customer Solutions," said Chief Executive Officer Ulrich Spiesshofer.

"Greg's appointment to this realigned role on the EC signals our strong commitment to realizing the value of our acquisitions through best-in-class business integration, as well as to profitable growth in North America where ABB has made great progress in market presence and scale over the past years," he added. "Marketing and Customer Solutions has been an important organizational setup to get ABB to the next level of maturity and performance in cross-business collaboration and customer focus. It is now time to drive Group-wide collaboration in a stronger business-led setup."

Scheu joined ABB in 2001 and has 29 years of experience in the power and automation industry, with a strong focus on North America. He previously worked for Rockwell Automation and Westinghouse Electric.

Enrique Santacana, currently Country Manager in the US and Regional Manager in both the North and South America regions, will focus on profitable growth in South America.

Layne Christensen Company

Layne Christensen Company announced that Costa Fortuna S.A., a wholly owned subsidiary of Layne which operates as part of the Geoconstruction division, received a contract to perform foundation construction services for a combined-cycle gas power plant in Punta del Tigre, Uruguay. The contract was awarded by Hyundai Engineering Construction Co. Ltd., part of a consortium of companies working on the project.

Work on the project, known as Central Punta del Tigre B, is scheduled to commence in Layne's fiscal fourth quarter ending January 31, 2014 and should be completed in approximately 5 months. The contract has an estimated value to Layne of approximately $6.5 million.

Central Punta del Tigre B, the first combined-cycle gas power plant in Uruguay, will include two gas turbines and one steam unit with a capacity of 520 MW. At present, the majority of Uruguay's power is hydroelectric, which makes the system vulnerable during periods of drought. Central Punta del Tigre B is being built to modernize the country's energy infrastructure and address these vulnerabilities.

Rene Robichaud, President and CEO of Layne, said, "This new facility will help diversify Uruguay's energy mix in an environmentally sustainable manner, while allowing the country's energy infrastructure to keep pace with its economic growth."

Hoover Container Solutions

Hoover Container Solutions, a subsidiary of Hoover Group, Inc., has acquired Dolphin Energy Equipment LLC ("Dolphin"), a leading provider of cargo and waste management rental equipment and related consumables in the Gulf of Mexico region.

Headquartered in New Iberia, Louisiana with a distribution and service center in Port Fourchon, Louisiana, Dolphin's assets include a diversified fleet of cargo carrying units ("CCUs") certified to the highest standards including DNV and API regulations. Dolphin is best known for its offshore baskets, trash compactors, food disposal units, pipe slings and related consumables and services.

The combined company will be a premier supplier of chemical, cargo and waste management tanks, baskets, containers and related accessories and services in the global energy marketplace. The acquisition of Dolphin complements the acquisition of Consult Supply A/S which was completed in 2012. Based in Stavanger, Norway, Consult Supply (soon to be Hoover Norway) provides an extensive range of products in the North Sea market including chemical tanks, cutting boxes, baskets and specialized workshops and containers all certified to DNV 2.7-1 standards.

New Western Gas Corporation

New Western Gas Corporation, a wholly owned subsidiary of New Western Energy Corp., an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, announced the commencement of recompletion on two of its existing Fredonia Gas Wells in order to open additional pay zones of Pennsylvanian age coal at depths ranging from 600 to 1400 feet. The Fredonia Prospect is located in the central portion of the Cherokee Basin Structural Province, which extends over much of southeastern Kansas. This maturely explored basin is best known for its oil and gas production from shallow Pennsylvanian aged Sandstone reservoirs.

As earlier announced, this additional recompletion work is in continuation of New Western Energy's development program, the "Fredonia Gas Prospect", which was jump-started from the favorable results obtained from the previous recompletion operation performed on the Farwell 34-D3 well in July, 2013. Subsequent to the recompletion work on Farwell 34-D3, the daily production in natural gas from the well doubled. The Fredonia Gas Prospect contains in total 9 existing wells, four of which have multiple potential undeveloped coal gas reservoirs behind pipe. New Western Gas Corporation intends to proceed with additional recompletions over the next several months on existing behind pipe coal gas reserves in order to quickly bring additional natural gas production online.

Javan Khazali, President and CEO of New Western Energy Corporation stated, "We are encouraged by the success of the recompletion operation performed on our Farwell 34-D3 well that resulted in increasing gas production by 100%. This has given us tremendous confidence to continue to open new pay zones of Pennsylvanian age coal formations and thereby increase our gas production not only from existing behind pipe coal gas reserves, but also by expanding our program to include the future drilling of numerous new wells to fully exploit the Proved Undeveloped Coal Gas Reserves contained within the Fredonia Gas Prospect."

Solvay Novecare

As part of its ongoing transformation, Solvay annonces that it has signed an agreement to acquire privately-held Chemlogics for a total cash consideration of $1.345 billion. Adding the U.S.-based company to Solvay's Novecare business unit will create a leader with an extensive portfolio of tailored chemical solutions for the oil & gas market, serving stimulation, cementing, production and water management applications.

For Solvay Novecare, this acquisition will yield significant synergies thanks to a comprehensive offering of innovative products and technologies which enables oilfield service players worldwide to competitively and safely extract oil and gas while reducing water consumption. Chemlogics has shown annual double-digit EBITDA growth over the past five years, thanks to a fast-paced innovation model combined with a strong know-how and closeness to customers. "This acquisition accelerates Solvay's ongoing transformation towards an innovative chemical solution provider focused on high growth and strong margin businesses with a more balanced geographical and market presence," said Jean-Pierre Clamadieu, Chief Executive Officer of Solvay. "Our expansion in the energy sector builds on our strategy to provide differentiated solutions addressing the sustainability challenges that society faces with an increasing number of consumers and scarce resources."

Founded in 2002 and headquartered in Paso Robles, California, Chemlogics reported last-twelve-month sales of around $500 million and has 277 employees. The company serves the needs of the oil and gas industry's stimulation and cementing segments. All its assets are located in the U.S. and include three manufacturing sites with annual capacity exceeding 300 KT, eight formulation centers and six research and technical facilities.

Chemlogics's expertise in friction reducers, non-emulsifiers and extraction technologies perfectly fit with Solvay Novecare's know-how in surfactants, natural polymers and eco-friendly solvents. In addition, Chemlogics' customer portfolio in the U.S. complements Novecare's global customer base. Together, Novecare and Chemlogics will have a significant share of the dynamic $8 billion U.S. oil and gas exploration and production market.

Chemlogics's enterprise value represents a multiple of 10.7x last-twelve-months EBITDA, and 8.7x including tax benefits*. Although the acquisition will be financed with available cash, Solvay intends to issue hybrid bonds** for approximately €1 billion which will further strengthen the Group's balance sheet ahead of its refinancing of debt maturities from 2014 onwards. The acquisition will be cash and EPS accretive in the first year.

The completion of the transaction, expected before the end of this year, is subject to customary closing conditions, including U.S. anti-trust clearance.

T.D. Williamson

Fletcher

T.D. Williamson (TDW), a worldwide provider of equipment and services for operators of pressurized piping systems, announced that Chad C. Fletcher has joined the executive management team as Vice President of Western Hemisphere Operations. As of August 12, Fletcher is responsible for overseeing the fulfillment of strategic initiatives, as well as driving day-to-day execution of all business in the Western hemisphere.

"Chad brings TDW a valuable entrepreneurial skill set and an impressive career history," says Bruce Thames, Senior Vice President and Chief Operating Officer. "He possesses all of the characteristics you would expect in an executive at this level, but it's Chad's commitment to performing as a servant leader – selflessly investing in the growth and development of the company – that makes him the right person for TDW."

Fletcher has more than 25 years of experience in the energy business, beginning his career in the pipeline industry as an engineer and technical services manager for Tenneco Gas Corporation. Fletcher later founded a technology solutions firm, Enginuity International, Inc., that became the dominant market share leader for combustion and emission solutions for the pipeline industry. Enginuity was purchased by Dresser-Rand in 2008, where Fletcher was retained and made responsible for creating a new global business unit serving the midstream market. Fletcher then moved to Paris, France, where he led the service and engineered solutions business, covering Europe, Russia and the Commonwealth of Independent States, Middle East and Africa, into a $400 million Profit and Loss (P&L) success. Fletcher's most recent position was Vice President of Marketing & Global Business Solutions for Dresser-Rand, which posted $2.7 billion in sales for 2012.

Fletcher has excelled in his life though an unwavering focus on Service Excellence, a driving commitment to produce meaningful results for the customer, in such a way that it creates a bond of trust, begetting long-term loyalty. "I am excited to have joined TDW at this point in its story," says Fletcher. "I have the opportunity to not only influence expected business results, but to lead the development and implementation of business strategy, and serve as a culture and energy chief, to encourage and develop the heart of the business—the people—in the service of the lifeblood of the business—the customer."

In addition to being an avid reader, tireless researcher, visionary entrepreneur and trusted business adviser, Fletcher has unique experience as a frequent professional speaker, presenter and educator within the North American natural gas industry. He also enjoys the industry distinction of being a former 2-year appointed executive committee member of the Interstate Natural Gas Association of America (INGAA) Foundation.

ENGlobal Corporation

ENGlobal Corporation, a leading provider of energy-related engineering and automation services, announced today that its first patent-pending Universal Master Control Station(TM) (UMCS(TM)) has been successfully installed on an offshore platform in the Gulf of Mexico for a major international oil and gas company. The UMCS(TM) provides a standardized interface between industry available subsea production systems and topsides production facilities.

"We are pleased to reach this significant milestone and look forward to pending deployments of the UMCS(TM) technology," said William A. Coskey, P.E., ENGlobal's Chief Executive Officer. "ENGlobal intends to utilize the UMCS(TM) platform as the basis for further subsea controls integration projects, including hydraulic power and electrical systems.

As a Subsea Controls Integrator (SCI), we offer added value to our customers by utilizing our execution skills to manage technically complex subsea projects."

Omron Oilfield & Marine Inc.

Omron Oilfield & Marine has introduced a new cost-effective, intelligent, consolidated control system to accomplish drilling contractor rig requirements through its PRECISE™ Automated Drilling System. Engineered for drilling contractors and operators, PRECISE™ can drill wells safer and faster, and with less downtime all from one control and monitoring system. With versatile features, PRECISE™ can also lower the operating cost using leading AC technology to drill in different applications around the world.

Omron Oilfield & Marine, headquartered in Houston, Texas, provides custom-fit solutions and innovative AC/DC drive systems, as well as power conversion, controls, field service, OEM & aftermarket parts, and customer training on automated drilling systems, AC generator line-up, controls system, SCR drive line-up, top drive line-up, VFD line-up, driller's chair and driller's console for the oil and gas industry.