Landmark
Landmark Software and Services, a Halliburton (NYSE: HAL) business line, has acquired Neftex Petroleum Consultants Limited, a UK-based company specializing in sequence stratigraphy-based products and consulting for subsurface risk reduction. The Neftex Earth Model integrates millions of data points to deliver an unrivaled global overview of the geological history and resource development of the earth.
Faster and increased exploration success is at the heart of operators' business and financial performance. Since its inception, Landmark has introduced innovative technologies to deliver a step change in exploration outcomes. Neftex's consistent 4D "digital model" of the subsurface is driven by a unique and proprietary global sequence stratigraphy framework. This allows geoscientists for the first time to use a single global platform to search, discover, analyze and integrate geoscience data and interpretations essential to understanding and managing subsurface risk.
The Neftex Earth Model Base Module provides essential tectonic and stratigraphic data and framework interpretations needed to underpin regional exploration. Additional Neftex Earth Model Modules deliver supplementary licensed datasets for each region across the globe. The value this content brings to operators is the ability to compare stratigraphic sequences for a particular basin with other basins around the world during the same time period. This allows for an improved ability to predict outcomes based on the performance of proven basins. Operators will be able to identify potential exploration prospects based not just in the basin of interest, but also within the context of a global framework reference.
"Landmark constantly innovates to improve exploration accuracy and success, and lower the risk involved in development and production. We believe the next step change will be achieved by integrating high-quality and trusted expert data interpretations with the exploration science embedded in application software," said Nagaraj Srinivasan, vice president of Landmark Software and Services. "The integration of the Landmark and Neftex technology suites will result in a digital subsurface representation that is uniquely tied to one stratigraphic model and delivered instantly for any region in the world. Customers should increase the reliability of their modeling efforts and accelerate the search for new reserves, a critical capability in driving upstream business performance."
By integrating data and interpretations from the Neftex Earth Model with the DecisionSpace® application platform, Landmark expects to improve its customers' ability to explore more prospects faster, and obtain subsurface insight to better predict the probability of drilling success.
AOR Group
AOR Group, based in Singapore, and Paragon Industries of Morgan City, Louisiana announced an exclusive distribution agreement where Paragon will market and rent Cargo Carrying Units (CCUs) sourced from AOR to customers in North, Central and South America through dba Americas Offshore Rentals.
In addition to Paragon's current CCU product line, AOR will provide products currently certified to DNV 2.7-1 and EN 12079 cargo lifting specifications and standards, bringing the total range of offered CCU configurations to over 100.
This agreement will expand Americas Offshore Rentals and Paragon's product and service coverage throughout the total Americas geographical territory and extend its cargo lifting certifications to include the API 2CCU lifting standard which is presently under development.
AOR Group www.aorcontainers.com (which includes Asia Offshore Rentals Pte Ltd) is a supplier of certified CCU's and operates in a number of countries either directly or through Territory Representatives.
Paragon Industries, Inc. www.paragonind.net has been a provider of cargo carrying logistical solutions for the Oil & Gas Industry for the Gulf of Mexico and North American market from its headquarters and storage locations in Morgan City, Louisiana with additional storage facilities at Port Fourchon, Louisiana.
TAM International
TAM International, an independent oilfield services company providing inflatable and swellable packers, has opened a new sales office in Denver to better service the growing customer base in the region.
The new office space is located in Denver's lower downtown central business district, which puts TAM in close proximity to local operators and customers. From the Denver office, the TAM sales team will provide technical support and customer service to customers in North Dakota, Wyoming, Montana, Colorado, South Dakota and Utah.
"There is major demand for our products in this region and the new Denver office is part of an exciting growth strategy for our team," said Michael Dion, regional manager. "I am looking forward to what the future holds for TAM and I am excited to see our relationships in this region grow."
To meet customer needs in the area, sales team members will provide TAM International's complete product line offering, which includes Casing Annulus Packers, Swellable Packers, Multi-Stage Frac Systems, Cementing Sleeves, Service Tools, and Slickline Setting Tools.
Mitsui O.S.K. Lines, Ltd
Mitsui O.S.K. Lines, Ltd. (MOL) announced that the company has earned recognition from the ports of both Long Beach and Los Angeles, California, for its efforts to ensure compliance with standards that call for vessels to slow down within 40 nautical miles (nm) of the shore.
The Port of Long Beach introduced the Green Flag Program and Port of Los Angeles the Vessel Speed Reduction Program. The programs urge vessel operators to slow down to 12 knots or less within a certain range of the ports to reduce emissions of carbon dioxide (CO2), nitrogen oxide (NOx), and sulfur oxide (SOx) in coastal areas to conserve coastal environment, and offer annual rewards to vessel operators that achieve extraordinary compliance percentages.
Every year, a total of 250 MOL Group-operated vessels including containerships calling at MOL's TRAPAC container terminal, as well as car carriers, tankers, and bulkers, navigate through the area covered by the speed standards. The ports have clearly appreciated the company's efforts to comply with the program and contribute to a cleaner coastal environment.
MOL continually contributes to environmental conservation not only in this area, but also at other ports all over the world, and takes proactive environmental steps on a global scale.
NK Technologies
NK Technologies has introduced the new AT/ATR-LS Current Transducer. The AT/ATR-LS combines a current transformer and signal conditioner that is great for monitoring large loads. The AT/ATR-LS is easy to install due to a large, split-core design that can be installed over existing conductors without disconnecting the load, even in applications with multiple conductors per phase.
The AT/ATR-LS Current Transducer is ideal for monitoring large machines as it measures the current use to detect over or under current conditions. For water delivery and treatment, the AT/ATR-LS detects open discharge lines and can see clogged filters or blocked pump intakes. In generators, it keeps the power system running by monitoring output, and can be used to signal over loaded conditions.
The new AT/ATR-LS Current Transducer features industry standard output, loop-power, factory calibration, a split-core case and DIN rail mount. The transducer uses two wires to connect to the power supply and the load: programmable logic controller, panel meter or data acquistion system. Designed to meet UL, CUL, and CE requirements, the AT/ATR-LS can be used worldwide. NK Technologies offers no-cost test and evaluation units to qualifying OEMs.
Mayer Brown
Mayer Brown, a leading global law firm, announced today that Thomas J. Moore has joined the firm's Houston office as a partner in the Corporate & Securities and Oil & Gas practices. Previously, he was a partner with Baker Botts in Houston.
"Tom is well-known in the energy industry for his strong experience in leading significant oil and gas transactions and projects around the world, particularly in Asia and Africa," said Dallas Parker, leader of Mayer Brown's Corporate & Securities practice in Houston. "His deep knowledge in representing energy companies on the acquisition of oil and gas assets and on the development of large projects, such as liquefied natural gas facilities, will further strengthen Mayer Brown's ability to serve clients across the globe."
Mr. Moore brings a wide range of corporate, commercial and financial experience to the energy and infrastructure industries. He has played a lead role in many major energy assignments worldwide, including liquefied natural gas (LNG) projects in the United States and Africa, petrochemical plants in the Middle East and gas fired generation facilities around the world. Mr. Moore represents Chinese and the Korean state and investor owned oil companies in acquisitions in Africa, Asia, South America and the US, and has represented a wide range of energy companies and investment funds in acquisitions and divestitures of other energy assets of all kinds.
Mr. Moore earned a JD from the University of Minnesota Law School and received an AB from University of California at Berkeley.
Profire Energy, Inc.
Profire Energy, Inc. (Nasdaq: PFIE), a technology company which manufactures, installs and services burner management systems and other combustion technologies for the oil and gas industry, has unveiled a new product for use in oilfield flare stack environments, the Flare Stack Igniter (FSI). Flare stacks are used throughout the industry to burn off unwanted natural gas.
Profire currently resells various burners and pilots that are often used with the Company's burner management system (BMS); however, the Company has not historically offered a pilot specifically for flare-stack environments.
"Flare stacks are historically very challenging for producers to manage," said Stephen Pitcher, a career rocket- and aerospace-scientist who was lead engineer on the project. "Although the flare stacks are often installed in extremely harsh environments, they are also a subject of regulatory scrutiny, as their pilots are often expected to maintain constant flame-a significant challenge for much of the industry. Our FSI offers a reliable, powerful solution to help finally solve this industry problem."
By extending Profire's product-line with the FSI, the Company can now offer a proprietary pilot for flare stack environments. The Company also sells flare ignition systems designed specifically for such environments, such as the Company's PF2100F or PF1300 Flare Ignition Systems. The price-point and costs of the FSI are expected to help enhance the Company's product-margin.
"The launch of the FSI further demonstrates our responsiveness to the industry's needs," said Harold Albert, Chief Operating Officer of Profire. "Much of the industry is using flare-stack igniters that struggle to stay operational in intense flare environments. Our FSI has been designed to perform exceptionally in these environments. Its orifice size, core assembly, composition, reliable flame-sensing, and ease-of-installation all combine to make it a robust, powerful igniter for the industry."
The Company has installed dozens of systems for testing throughout North America, in various environments, with no incidents of product-failure. Real-world and simulated tests of harsh weather environments-including torrential rain tests, and wind tests of nearly
200 MPH-were also performed, with the FSI maintaining a constant flame throughout testing.
Profire Energy assists energy production companies in the safe and efficient production and transportation of oil and natural gas. Profire Energy has offices in Lindon, Utah; Houston, Texas; Victoria, Texas; Oklahoma City, Oklahoma; Tioga, Pennsylvania; and Edmonton, Alberta, Canada.
Drilling Technological Innovations, LLC
After successfully providing the complete motion compensation packages for Opus Offshore's Tiger I and Tiger II drillships, Drilling Technological Innovations, LLC (DTI) was awarded equivalent packages for the Tiger III and Tiger IV drillships. The scope of supply includes sets of 200k wireline tensioners and 800k crown mounted compensators (CMCs) as well as the DTI proprietary riser recoil valve systems. All systems will be designed and built from DTI's Houston, Texas headquarters and manufacturing facility.
The plans for Tiger III and Tiger IV were set into motion as a result of the success of Tiger I and Tiger II, which mark the first drillships built in China. In designing the Tiger drillships, Opus Offshore chose DTI as part of their strategy to select suppliers with expertise in providing components that are innovative, reliable and efficient. For example, the DTI wireline tensioners feature unique, state-of-the-art riser recoil valves. The revolutionary design is streamlined to provide the safest, most responsive and reliable option in the industry.
Blue Ocean Technologies
Blue Ocean Technologies, LLC has set multiple new industry records in subsea well intervention by intervening in, and subsequently plugging and abandoning, a production gas well in 6,700 feet (2,042m) of water and approximately 12,600 feet (3,840m) downhole without a riser. This recordbreaking intervention took place in Atwater Valley Block 426, approximately 130 nautical miles (240km) SSE of Port Fourchon, LA in the Gulf of Mexico.
Blue Ocean Technologies successfully completed the well with its Interchangeable Riserless Intervention System (IRIS), using a dynamically positioned vessel as the work platform.
With this latest intervention, Blue Ocean Technologies continues to lead the industry in deepwater riserless intervention, having set previous depth records in 2009 at 2,950 feet (899m) and again in 2012 at 4,300 feet (1,220m). IRIS has successfully completed numerous riserless (open water) wireline runs, pulling and resetting horizontal tree plugs and deploying a variety of intervention tools multiple times, including gauges, bailers, perforating guns, a camera and a logging tool. Each run represents a new industry record for riserless intervention. This project marks the first time that wireline has been successfully run in open water at 6,700 feet (2,042m) deep.
Turbines, Inc.
Turbines, Inc., a leader in the design and manufacturer of reliable and accurate turbine flow metering solutions, has appointed Ms. Natalie Hampton to the position of General Manager at Turbinesinc-Odessa, LLC, the company's sales/distribution facility located in West Texas that serves and supports an ever-growing number of oil and gas production companies with high-quality flow meters and instrumentation.
Coupled with deep inventories and quick deliveries, Turbinesinc-Odessa, LLC has experienced significant growth over the past five years and anticipates continuing expansion due to the vigorous and durable oil and gas boom in the region, its expanding product lines, as well as a highly-capable and hard-working team.
"The needs of our customers are always our first priority," stated Ms. Hampton. "Our team includes experts with product and applications knowledge who know how to get our products to our customer on time and never accept anything less than 100% customer satisfaction."
Beginning her career with the company several years ago, Ms. Hampton has been integral to the growth of the operation.
PMFG, Inc.
PMFG announced that it has been awarded two contracts for a combined value of $3.7 million for Skimovex oily water separation systems. These orders are part of two new offshore oil production platforms, one of which is located in the Persian Gulf and the other in the South China Sea. Both contracts are scheduled to be completed prior to June 2015. The Skimovex oily water technology is used to remove oil from water, such as refinery effluent, tankfarm drainwater, ballast water, desalter effluent, condensate, cooling water, produced water (both on- and offshore), tank draw-off and injection water.
Glori Energy Inc.
Glori, an energy technology company focused on enhanced oil recovery through its proprietary AERO(TM) System, announced the addition of Mr. Rocky L. Duckworth to its board of directors. A former KPMG partner, Mr. Duckworth brings more than 37 years of oil and gas business and audit related experience to the Glori board. Glori intends that Mr. Duckworth will ultimately transition into the role of Chairman of the Audit Committee. In addition, current Glori board members Larry Aschebrook and Michael P. Schulhof have stepped down as directors.
At KPMG, Mr. Duckworth served global energy clients and served as the energy industry leader of the audit practice in Houston. He was also a SEC Reviewing Partner assisting other audit partners responsible for the audits of financial statements and internal control over financial reporting to ensure compliance with the SEC rules and regulations. He currently serves on the boards and audit committees of Northern Tier Energy GP LLC, the general partner of Northern Tier Energy LP, and Magnum Hunter Resources Corporation.
