Services/Suppliers

Houston, has appointed Greg Bailey vice-president of engineering and technology. He is responsible for leading and managing the advancements of Enventure’s solid expandable technology (SET) and service lines. With more than 20 years of engineering experience, Bailey will lead Enventure’s engineering and research and development divisions in producing solutions-based technology. Prior to joining Enventure, he worked for Grant Prideco, where he served as the company’s vice-president of engineering in the tubular technical division. Bailey has also served in various management capacities with Hydril and FMC and was president and owner of a technical services business for several years. He has a degree in mechanical engineering from the University of Alabama and is a licensed professional mechanical engineer in Texas. He is a licensed professional engineer certified by the Texas Board of Professional Engineers and an active member of the American Society of Mechanical Engineers and the Society of Petroleum Engineers (SPE). Bailey holds several patents and has published technical papers at the Offshore Technical Conference and with SPE and the International Association of Drilling Contractors.

Enventure is the world’s leading provider of SET solutions for the energy industry. The company has a global presence with operations in North America, the Middle East, Asia Pacific, South America, Europe, and the Far East.

Stallion Oilfield Services Ltd.,

Houston, has closed on two acquisitions—Mile High Oilfield Services Inc. on June 30 and J-M Oil Co. Inc. on July 31. Mile High is located in Vernal, Utah, and expands the company’s workforce accommodations business currently servicing the Piceance, Uinta, and Paradox basins of Utah and Colorado. David Morton, former owner of Mile High, will remain with Stallion. J-M, based in Paris, Ohio, gives Stallion entry into the expanding Marcellus shale play. Key J-M executive Mark Wimsatt will remain with the company as well. Stallion also announced the opening of a sales office in Pittsburgh, Pa.

Stallion provides wellsite support services and production and logistics services to the oil industry, including onshore and offshore workforce accommodations and remote camp complexes, surface rental equipment, solids control, communication services, wellsite construction, rig relocation, heavy equipment hauling, fluids handling, and logistics.

The company serves the South Texas, Gulf Coast, Ark-La-Tex, Fort Worth basin, Permian basin, Midcontinent, Prudhoe Bay (Alaska), and Rocky Mountain regions, as well as the global offshore industry.

Iridium Satellite LLC,

Bethesda, Md., has selected Lockheed Martin and Thales Alenia Space to participate in the final phase of its procurement process for the company’s next-generation satellite constellation, Iridium NEXT. The final phase will last about 9 months and is expected to result in the award of a full-scale development agreement for Iridium NEXT with one prime contractor by the middle of 2009. Through Iridium NEXT, the company plans to offer a flexible array of new services in addition to continuing what it offers today. Iridium NEXT will maintain the company’s unique and advanced cross-linked satellite architecture. It will feature an IP-based architecture, leveraging broad-based technology enhancements from the industry. In addition, Iridium NEXT has the potential to host multiple secondary payloads, which will broaden the scope of the network’s capabilities while providing an additional platform for applications such as sensing, earth observation, and command and control.

Iridium, with more than 285,000 subscribers, is the fastest-growing mobile satellite services provider to the oil and gas, utilities, maritime, aerospace, mining, and other industries.

Industrial Scientific Corp.,

Pittsburgh, Pa., has named Dr. Eva Yi Chen president of Industrial Scientific Asia-Pacific. She assumes her new duties following the retirement of Dr. Annie Wang. Chen will be based at the company’s Asia-Pacific headquarters in Shanghai. She most recently served as director of Alcatel-Lucent Ventures in Murray Hill, NJ. Prior to that, she was president of Guoxin Lucent Inc. (a joint venture), general manager of Lucent Technologies Optical Networks, and chief representative of Lucent Technologies, all in Shanghai. Chen has a BS in physics from Peking University and MS and PhD degrees from the University of Michigan in electrical engineering/applied physics. In 2005, she was the recipient of the Magnolia Award, given by the Shanghai government to multinational executives for their contributions to the economic development of Shanghai.

In addition, Werner Tilling has been appointed Industrial Scientific’s country manager for Germany. In this position, he will have managing director responsibilities at Industrial Scientific’s German subsidiary. Tilling comes to Industrial Scientific from Dresser Europe GmbH, where he held positions of export manager, sales and marketing director, and CEO. Prior to Dresser, he worked for many years with Siemens Nixdorf in Germany, Singapore, and Australia in various roles relating to their ERP sales and project activities. Tilling has a degree in economics, politics, and German from the University of Göttingen.

Also, Industrial Scientific has promoted Kavita Iyengar to the position of director of quality and reliability. She will have responsibility for leading the implementation and execution of global systems, processes, and tools that ensure the highest quality and reliability of Industrial Scientific products and services throughout their entire lifecycle. Iyengar has been with Industrial Scientific for 4 years and has held the positions of SQA engineer, software QA team lead, and, most recently, software engineering manager. Previously, she held various software engineering positions with Merrill Lynch and One World. Iyengar has a bachelor of engineering degree in electronics and telecommunications from PSG College of Technology in India.

Industrial Scientific is a global leader in gas detection equipment, software, and services to protect human life in the most demanding work environments. The company has manufacturing operations in Pittsburgh; Shanghai; Arras, France; and Dortmund, Germany, with additional offices in Australia, Brazil, Canada, Czech Republic, Dubai, Mexico, the Netherlands, Qatar, Singapore, Switzerland, and the UK.

Jergens Inc.,

Cleveland, has appointed Eric Van Steenlandt director of sales and marketing. In his new capacity, he will be responsible for all of Jergens’s sales and marketing activities in North America. His staff includes 18 direct sales and manufacturers’ representatives, as well as product managers and support personnel. He will also interface with the company’s more than 200 distributors throughout the US and Canada. Van Steenlandt has previously served as a corporate national sales manager and as a systems design and development engineer. He brings to Jergens a combination of strategic skills and experience in sales, engineering, and management. Van Steenlandt has a BS in mechanical engineering from the University of Michigan.

Jergens is a privately held manufacturing company made up of separate divisions that include a tooling components manufacturer of workholding products for the production environment, an industrial supply distributor, a master distributor of precision torque screwdrivers and assembly products, and a manufacturer of drill bushing and thread inserts.

The International Association of Drilling Contractors (IADC),

Houston, has elected Joseph Eustace chairman of the IADC Well Servicing Committee. Eustace is executive vice-president and president of Pioneer Drilling Co.’s production services division. The Well Servicing Committee was developed to advance the interests of IADC’s well-servicing members in health, safety, and environment; well control; training; regulation and legislation; and other areas where IADC’s expertise proves critical to the drilling industry. The committee’s charter is to establish processes and programs that work independently and in collaboration with other key industry organizations. Eustace was appointed to his present position at Pioneer on Mar. 1. Previously, he served as President of WEDGE Oil & Gas Services since 2004. Prior to that, he served as group vice-president for Key Energy Services from 1998 to 2004 and as vice-president of operations for Dawson Production Services from 1982 until Key Energy Services acquired Dawson Production Services in 1998. Eustace holds a degree in agribusiness from Texas Tech University.

IADC represents the worldwide oil and gas drilling industry, promoting commitment to safety, preservation of the environment, and advances in drilling technology. Members include E&P companies, well servicing contractors, and other oil field service and supply companies.

Key Energy Services Inc.,

Houston, has promoted Kimberly R. Frye to senior vice-president and general counsel. She joined the company in October 2002 and has served as its associate general counsel. Frye helped lead Key’s efforts to deal with issues it faced in 2004-2007 that culminated in the relisting of its common stock on the New York Stock Exchange, following the company’s becoming current with its financial reporting. Frye has a BS from the University of Alabama and a JD from the University of Houston.

Key is the world’s largest rig-based well service company. It provides well servicing, pressure pumping, fishing and rental tools, electric wireline, and other oil field services in all major onshore oil and gas producing regions of the continental US as well as in Argentina and Mexico.

AGM Inc.,

Austin, has signed a corporate enterprise agreement with BP PLC for its Recon high-end 3-D geological interpretation and visualization technology and related services. The agreement provides for deployment of Recon, its flagship product, throughout BP worldwide. The multiyear contract also provides customized, enhanced training, delivered by AGM, to ensure the successful uptake and full utilization of the technology. Training will be conducted at AGM’s facilities in Houston and London.

In addition, AGM is opening a new training facility and adding staff at Chertsey, Surrey, UK, in September.

AGM specializes in state-of-the-art 3-D interpretation and visualization solutions for geoscientists that enable them to analyze well and seismic data in real time.

Linklaters LLP,

London, is relocating its energy and infrastructure partner, Richard Ginks, to the company’s Singapore office, effective Sept.1, from London. He joined Linklaters as a trainee solicitor in London in 1996 and was elected a partner in 2007. Ginks will bring to the firm’s leading banking and projects group in Asia extensive experience in energy and infrastructure projects spanning oil and gas, power, transport, telecommunications, and water in the UK, Europe, Africa, and South America. He has advised government agencies, bidders, sponsors and lead arrangers, including most of Linklaters’ key clients with operations in Asia, on a number of complex financings. The firm’s Asian group recently closed Phase 2 financing of the $20 billion Sakhalin 2 LNG project—the world’s largest limited recourse oil and gas financing to date.

Linklaters is a law firm that specializes in advising the world’s leading companies, financial institutions, and governments on their most important and challenging transactions and assignments.

Transocean Inc.,

Houston, has agreed to sell its GSF Arctic II and GSF Arctic IV semisubmersible rigs to Northern Offshore Ltd., Houston, for about $750 million. The divestitures will complete Transocean’s previously announced undertakings to the Office of Fair Trading in the UK related to the merger with GlobalSantaFe Corp. The sale of the GSF Arctic IV is expected to close late in third quarter 2008, and the sale of the GSF Arctic II is expected to close in fourth quarter 2008, following completion of existing contract commitments. Under the purchase and sale agreements, the Transocean subsidiaries will provide seller financing for $745 million of the purchase price until December 31, 2010, at an annual interest rate of 10%. The financing will be secured by the GSF Arctic II and GSF Arctic IV. Upon closing the GSF Arctic IV sale, Transocean will bareboat charter the unit back from the buyer at a rate of $180,000/day for the duration of the rig’s contract with Royal Dutch Shell PLC, which is expected to end in fourth quarter 2010. During the bareboat charter term, Transocean will receive the contracted day rate from the customer but will also be responsible for the rig’s normal operating expenses. A payment from the buyer of $180,000/day will be made and applied to the interest and principal of the seller financing. Commencing 1 month after closing of the GSF Arctic II sale, Transocean will receive principal and interest payments of $200,000/day for the rig from Northern Offshore. The GSF Arctic II and GSF Arctic IV are third-generation Friede & Goldman Enhanced Pacesetter design semisubmersible rigs, capable of operating in up to 1,200 ft of water and 1,500 ft of water, respectively.

Transocean is the world’s largest offshore drilling contractor and the leading provider of drilling management services worldwide, with a fleet of 137 mobile offshore drilling units, plus 10 announced ultradeepwater newbuild units.

CIT Group Inc.,

New York City, has co-arranged a $190 million senior secured credit facility to affiliates of Vision Logistics Holding Corp., a portfolio company of Welsh, Carson, Anderson & Stowe. The financing was provided to effect the acquisition of the four operating businesses of Vision Logistics and combine them to create a leading provider of transportation and logistics management solutions for oil and gas exploration and production activities in the Gulf of Mexico. The combination creates the largest oil field-focused logistics business in the US. CIT served as co-lead arranger on Welsh Carson’s initial platform acquisition of a Vision subsidiary.

Vision Logistics is the leading provider of transportation services to the US oil and natural gas industry and one of North America’s largest “asset light” logistics providers. Vision primarily provides expedited ground transportation services for time-sensitive and mission-critical components and supplies used in the exploration and production of oil and gas, throughout the Gulf Coast and other energy producing regions of the US.

Welsh Carson is one of the largest and most successful private equity investment firms in the US focused exclusively on investments in business, information, and healthcare services. Since its founding in 1979, Welsh Carson has organized 14 limited partnerships with total capital of over $16.0 billion.

CIT is a global commercial finance company that provides financial products and advisory services to more than 1 million customers in over 50 countries across 30 industries. A leader in middle market financing, CIT has more than $70 billion in managed assets and provides financial solutions for more than half of the Fortune 1000.