April 2, 2012

Grup Servicii Petroliere SA (GSP),

Meanwhile, GSP recently secured a long-term drilling contract for the jack up GSP Saturn as well as its first pipe-lay contract for the GSP Falcon, both with the same major operator in the Dutch sector of the North Sea. These contracts will set the foundation for the company's long term strategy in the region, officials said.

Cadac Organice,

Heerlen, The Netherlands, a subsidiary of the Cadac Group, has issued a case study about engineering project collaboration in SharePoint describing how project teams are able to manage and share documents with internal disciplines and external partners whether on paper, through email, or extranet collaboration in line with individual requirements, capabilities and contractual relationships.

Aker Solutions ASA,

Oslo, announced several projects including a 105 million NOK contract to Aker Subsea AS from A/S Norske Shell to deliver subsea connection systems for the Draugen field on the Norwegian continental shelf. This includes the delivery of complete tie-in connection systems for production flowlines and umbilicals for the expansion of the field. Aker Solutions has supplied connection systems for subsea installations in the field since 2002. Management, engineering, and procurement of the connection systems will be performed at Aker Solutions' office in Fornebu, Norway. Equipment deliveries will be made from 2012 to 2013. The Draugen field is located in block 6407/9 in the Haltenbanken area of the Norwegian Sea 140 km from Kristiansund, Norway, at a depth of 250 m.

Aker Solutions also won a contract from Det norske oljeselskap ASA to conduct a front-end, engineering, and design (FEED) study for the Draupne field on the Norwegian continental shelf, to be carried out by the company's newly established engineering office in London and delivered in fourth quarter. The value of that contract was undisclosed.

The field is west of Stavanger in the North Sea. Partners in the Draupne field agreed with partners in the Luno field on a coordinated development solution for the area using a fixed platform with preprocessing and the well stream to be transported from the Draupne platform to Luno for final processing and export to the markets. Det norske is the operator and owner of 35% of the Draupne license, together with Statoil (50%) and Bayerngas Norge (15%).

Aker Solutions was awarded a FEED contract through Aker Engineering & Technology AS from Statoil to design a unique spar platform for the Aasta Hansteen field development in the Norwegian Sea. With a total hull length of 193 m and a draught of 170 m, the Aasta Hansteen (formerly named Luva) spar platform will be the largest of its kind. It also will be the first spar platform on the Norwegian continental shelf and the world's first spar platform with condensate storage capacity known as a belly-spar, an exclusive Aker Solutions design. The "belly" refers to the increased diameter on part of the circular shaped hull, where the condensate storage tanks are located. The steel catenary risers will be made of self-supporting steel pipes in a bow shape between the platform and the seabed. The shape helps the risers compensate for the motions on the floating facility. The mooring system for Aasta Hansteen Spar platform consists of a set of polyester lines. The FEED study is to be completed in the third quarter. The contract value is undisclosed.

Aker Solutions has won a contract with a subsidiary of Honghua Holding Ltd. of China to deliver high specification drilling equipment components for seven new onshore drilling rigs for 365 million NOK. Honghua is building the rigs for a premier drilling company in the Middle East. The contract includes options for another four identical deliveries. Each drilling equipment delivery includes a drawwork, three mud pumps, a 1,000-ton top drive, and other equipment from Aker Solutions. The majority of the equipment will be delivered from Aker Solutions' subsidiary in Erkelenz, Germany.

Baker Hughes Inc.,

Houston, said a subsidiary chartered a new state-of-the-art pressure-pumping vessel to provide offshore stimulation services to Maersk Oil in the North Sea. Upon completion, scheduled for late 2013, the Blue Orca will be the eighth vessel in the Baker Hughes fleet, including the company's newest additions in the Gulf of Mexico: Blue Tarpon and the Blue Dolphin. The vessel will be rated to 15,000 psi and will offer among the largest fluid and proppant carrying capacities in the world. It will provide 15,000 hydraulic horsepower pumping capacity and the ability to pump at rates well in excess of 60 bbl/minute. Engineering work on the marine and stimulation systems has already begun. The vessels support offshore completion operations and will be equipped to support high-rate and high-volume multi-zone fracturing operations.

Weatherford International Ltd. ,

Houston, named John Briscoe as chief financial officer and vice-president, succeeding former CFO Andy Becnel who left the company as did Jim Hudgins, vice-president of tax. Analysts reported income tax adjustments exceeding $800 million over the past year or more called into question both the execution of Weatherford's income tax program as well as the benefit of the corporate redomestication.

NET Midstream,

Houston, said its wholly owned subsidiary Eagle Ford Midstream will build a 105-mile, 24-30 in. diameter extension of its existing gas pipeline, anchored by a long-term gas transportation agreement with an affiliate of Anadarko Petroleum Corp. The extended pipeline will transport residue gas from Western Gas Partners LP's Brasada natural gas processing plant in LaSalle County, Tex., to interstate and intrastate pipelines at the Agua Dulce Hub in Nueces County, Tex. The first phase of the expansion will be placed into service in December with completion by April 2013.

The Eagle Ford Midstream system currently consists of 55 miles of 16-in. pipeline anchored by long-term commitments from producers in LaSalle and McMullen Counties and delivers pipeline-quality gas to NET's LaSalle Pipeline and to Transco Pipeline located near Tilden, Tex. NET developed, constructed, and operates LaSalle Pipeline, a 53-mile, 16-in. intrastate natural gas pipeline, completed in 2009. LaSalle Pipeline provides the full gas supply requirements for a 200 Mw power generation facility in Pearsall, Tex. Upon completion of this project, NET Midstream will have invested $250 million in more than 200 miles of pipeline and facilities in the Eagle Ford Shale, officials said. NET Midstream is a wholly owned subsidiary of privately held NET Holdings Management LLC.

J & J Technical Services LLC,

Shreveport, La., plans to open a sales and service office in the Midland-Odessa, Tex., area this spring because increased demand for its jet pump requires a fulltime project manager in the Permian Basin as well as a facility to store, maintain, and test equipment, officials said. Named as project manager for that office is Rhea Quinn who has considerable artificial lift experience, specializing in well optimization.

Reservoir Group,

Aberdeen, named Fraser Louden as managing director of its well intervention and measurements business. Before joining the company, Louden was an executive advisor at FMC Technologies. He previously was with READ Well Services Ltd., where he held key roles including chief executive officer, vice president, business development manager, and R&D manager. He's also held key appointments covering the US, North Sea, Nigeria, China, and Brazil. In his new job, Louden will provide support, direction, and assistance to the intervention and measurements member companies, guiding the integration of the group's specialist firms and leading the delivery of a clearly focused and strategic sector of the Reservoir Group.

FMC Technologies,

Houston, received a supply agreement with Statoil for a subsea production system that will help support the Fram H-Nord development in the North Sea. The contract increases FMC's bookings by $70 million. FMC will supply one subsea tree and manifold as well ancillary controls and equipment with delivery expected throughout 2013. Analysts in the Houston office of Raymond James & Associates Inc. reported, "While this is not one of the major awards we had on the horizon for the company, this is an incremental positive and takes FMC one step closer to our $1.14 billion subsea bookings estimate."

Schlumberger Ltd.,

Paris, entered into an agreement with Altor Fund II to acquire SPT Group, a privately owned software company in Norway that specializes in dynamic modeling for the oil and gas industry. The company provides a combination of software and consulting services for multiphase flow and reservoir engineering applications. Closing is subject to customary regulatory approvals. SPT Group, founded in 1971, employs 280 people in 11 countries. The company is a leader in dynamic modeling of multiphase flow and reservoir optimization through renowned software products and a global team of professional consultants.

MacLean Electrical Group,

Dingwall, UK, secured through its wholly owned Australian business JT Day Pty Ltd. two frame agreement awards from Bechtel for the Chevron-operated Wheatstone Project, one of Australia's largest resource projects involving construction of two LNG trains and a domestic gas plant 12 km west of Onslow on the Pilbara coast. The awards are for the early works element of the project, one providing cables and cable glands, the other electrical bulk materials, which includes lighting, cable supports, junction boxes, control stations, and a wide range of other products. Other offices in Brisbane and Melbourne are supporting many developments on the east coast, and further expansion is planned to not only position the business to win further project work but also support the long-term operational phase of the numerous energy and resource projects currently underway, officials said.

Gas for the Wheatstone Project will be transported via a pipeline from an offshore processing platform 225 km off the coast to the onshore facilities. First LNG shipments are planned for 2016.

Marubeni Corp.,

Tokyo, and Innovation Network Corporation of Japan (INCJ), a government-sponsored private equity corporation, agreed to acquire Seajacks International from funds controlled by Riverstone Holdings LLC, a leading conventional and renewable energy-focused private equity firm. Terms of the transaction were not disclosed. The sale is expected to close at the end of April 2012. Marubeni intends to integrate Seajacks into its power projects and infrastructure division. Seajacks International is an offshore services company that operates primarily in the European offshore wind market but also serves the European offshore oil and gas markets. Seajacks owns and manages self-propelled jack up vessels equipped for the harsh conditions of the North Sea. Riverstone and the Seajacks' management team acquired Seajacks in January 2010 in a take-private transaction. Since then, Seajacks has expanded its operations throughout Europe and is in the process of adding vessels to its fleet.

Tenaris SA,

Luxembourg, has established a service center in Basra as the next step in its development of the Iraqi oil and gas market that started with the supply of tubular goods following its reactivation. From the new service base, Tenaris will provide in-country technical support and service using Tenaris technology and staffed by local employees. The new center in Iraq is part of Tenaris's global objective to provide integrated tubular solutions to customers in terms of managing risks, time, and overall costs of exploring and producing oil and gas reserves. Basra is home to 40% of Iraq's oil reserves and some of its most important oil fields.


London, a strategic change advisory firm, appointed Rob Jessen as the new director of its natural resources and energy team at Corven Inc., Houston. Jessen has 30 years of consulting experience serving clients in the energy sector. Prior to joining Corven, most of Jessen's career was with Ernst & Young LLP where in 2005 he was appointed the firm's global oil and gas sector leader across all service lines and geographies. Jessen has held several leadership positions throughout his career including global managing director of oil and gas and US energy, chemicals, and utilities leader while at Capgemini, a French global IT services company. His client work includes global program management and business transformation initiatives as well as leading a wide spectrum of energy accounts.


Calgary, announced changes in its management team with Lyle Whitmarsh, previously both president and chief executive officer, focusing more specifically on strategic direction and management of the company in his continuing role as CEO. Brent Conway, previously executive vice-president and chief financial officer, was promoted to president. Lesley Bolster, previously vice-president of finance and treasurer, was promoted to chief financial officer.

Trinidad has made other changes in its management team in recent months. Adrian LaChance, previously chief operating officer for US drilling and manufacturing, was promoted to chief operating officer for both US and international drilling; Jason Clemett, previously senior vice-president of sales and marketing, was advanced to chief operating officer of Canadian operations. Darcy Reinboldt, previously vice-president of Canadian operational support, was promoted to executive vice-president of US northern operations. Lisa Ciulka, previously director of investor relations, was promoted to vice-president of investor relations.

Trinidad's divisions operate in the drilling, coring, and barge-drilling sectors of the North American oil and natural gas industry with operations in Canada, the US, and Mexico.


Broussard, La., promoted John Bodin to director of global business development in Delmar's Houston office, where he will oversee all sales and marketing-related activities for Delmar Systems and its global subsidiaries. He served as executive sales director for Delmar Systems since 1999. Prior to joining the company, Bodin held various positions in sales, marketing, and management in the oil field services industry for 15 years. He was chairman of the Louisiana Gulf Coast Oil Exposition in 2003 and is a member of numerous organizations including the Society of Petroleum Engineers, International Association of Drilling Contractors, and American Association of Drilling Engineers. He has a degree in geology from Northeast University.


Washington, DC, expanded its energy practice with the addition of former Federal Energy Regulatory Commission member Marc Spitzer as a partner. Spitzer previously served in the Arizona state senate and as chairman of the Arizona Corporation Commission.


Lucerne, Switzerland, through its subsidiary Trafigura Terminals LLC acquired Texas Docks & Rail Inc. terminal assets in Corpus Christi, Tex., and formed an alliance with Energy Transfer Partners LP, Dallas, to optimize logistics opportunities for producers in the Eagle Ford shale play.

The Texas Dock & Rail terminal is an 85-acre industrial site with 600,000 bbl of storage for crude oil, fuel, and condensate. The terminal has a 1,200-ft dock with 45-ft draft, extensive rail and truck access, and space for future expansion to more than 2 million bbl of capacity, said Trafigura officials.

"We're coordinating with Energy Transfer Partners to provide pipeline solutions to bring Eagle Ford supplies to Corpus Christi where Trafigura will be instrumental in providing market outlets for these barrels," said Jeff Kopp, North American director of oil.

Energy Transfer Partners owns and operates some 18,000 miles of pipelines in the US including the largest intrastate pipeline system in Texas with an extensive network throughout the Eagle Ford shale region. Trafigura AG is a subsidiary of Trafigura Beheer BV in The Netherlands.

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