PSC Couplings.
PSC Couplings, an innovation leader in disc couplings for power transmission applications, announced the introduction of the Series 57 drop-out spacer disc coupling. This innovative design features enhanced AGMA Class 9 rating as standard with no balance required up to 3600 rpm; Class 10 and Class 11 ratings are optional. All couplings have fully interchangeable parts without the need for match marked components. The couplings are fully manufactured in the United States and use 4140 alloy steel components, 301 XH stainless steel discs, and PSC's patent pending self-piloting disc cartridges. With continuous torque ratings ranging from 2,500 to 3.5 million inch-pounds, the Series 57 fits a wide variety of applications. More information is available at www.psccouplings.com.
Weatherford International
Weatherford International plc announced that it has won two large contracts with a super-major operator for sand screens and for upper completions products including gas-lift equipment, chemical-injection equipment, subsurface safety valves (SSVs) and downhole measurement tools. These two multi-year contracts will supply this equipment to multiple rig lines drilling extended-reach wells at Sakhalin Island.
The Sakhalin multi-year sand-screen contract covers both extended-reach onshore and offshore wells. As part of the second multi-year Sakhalin contract, Weatherford will provide gas-lift mandrels, gas-lift valves, chemical-injection equipment, surface-controlled SSVs, and downhole temperature and pressure gauges for wells on multiple rig lines.
Petrotechnics
Petrotechnics, the developer of the hazardous industries' first software platform for Operational Excellence, has released the results of its Operational Excellence Index into attitudes towards operational excellence among the oil, gas and petrochemical industries. The Index shows operational excellence is regarded as a key priority for the majority of organizations.
A third of respondents said that it has become more or very important to everyone in their organization, while 47% say that it has become more or very important to some people in their organization. Only 10% say nothing has changed over the past two years, while 5% believe it has become less important.
The importance of operational excellence was also reported by those sponsoring it within a business. 46% of respondents said that achieving operational excellence is sponsored at a corporate level by members of the board. 31% said that everyone within the organization is responsible, while 18% said that it lies with a specific operational excellence function.
When it comes to the drivers for achieving operational excellence, 63% cited the need to achieve greater cost efficiencies and reduce operational and major accident risk. The next most popular drivers are optimizing maintenance programs and influencing cultural and behavioral change 56%.
When ranked by importance, the need to reduce operational and major accident risk came top of the list, followed by developing a more systematic approach to operational excellence (a better operating model). Achieving greater cost efficiencies is the third most important driver, while influencing cultural and behavioral change is fourth.
Rock Pile Energy Services
After conducting an extensive marketing process, RockPile selected White Deer from a number of other potential financial sponsors due to their shared vision for the future of the Company.
As part of the transaction, RockPile will move forward with a debt-free balance sheet and adequate capital required to pursue a robust growth pipeline. Important to note, the transaction was concluded on an out of court basis and involved no form of bankruptcy for the Company or subsidiaries.
PJT Partners and AlixPartners served as financial advisors to RockPile. Skadden, Arps, Slate, Meagher & Flom served as legal advisor to RockPile and Locke Lord served as legal advisor to White Deer Energy.
Schlumberger
Schlumberger announced today that PETRONAS, through its wholly-owned subsidiary, PETRONAS (E&P) OVERSEAS VENTURES SDN. BHD., has signed an agreement to license a significant part of the WesternGeco Campeche wide-azimuth (WAZ) deepwater multiclient seismic survey in the southern Gulf of Mexico.
The WesternGeco Campeche WAZ deepwater multiclient seismic survey is located in the southern Gulf of Mexico. More than 80,000 km² of newly imaged subsurface data, which have been acquired in the last 12 months, are available for oil and gas companies participating in exploration in Mexico. The project follows the Mexican government's opening of licensing rounds to non-government companies for the first time.
Era Group
Era Group Inc. one of the largest helicopter operators in the world and the longest serving helicopter transport operator in the U.S., announced today that it has entered into a new contract with the Bureau of Safety and Environmental Enforcement (BSEE), a division of the U.S. Department of the Interior, for an initial term of five years that is subject to annual renewals.
Era will continue to provide helicopters and related services, including the provision of flight crews, helicopter maintenance and management of flight operations to BSEE and the U.S. Coast Guard. BSEE utilizes Era's services to transport personnel and cargo in support of its inspection and oversight of offshore oil and gas platforms and vessels located on the Outer Continental Shelf in the U.S. Gulf of Mexico. Under the terms of the new contract, Era will provide twenty-four exclusive use helicopters, five on-call helicopters and seven optional helicopters that BSEE may exercise during the contract term.
