Friday, September 21, 2018

Aquaterra Energy News

Aquaterra Promotes Larnder, Morrison

James Larnder (Photo: Aquaterra Energy)

Aquaterra Energy announced two senior management promotions. George Morrison becomes Group CEO of parent company Aquaterra Energy Group, while James Larnder fills Morrison’s previous role as the new Managing Director of the Aquaterra Energy business. Morrison will focus on expansion within the oilfield market through strategic acquisitions while Larnder will drive further business growth and product innovation within Aquaterra Energy. Aquaterra Express tools and equipment rental service…

AS Mosley Strengthens Management Team

Dr Appapillai Thavalingam (Photo: AS Mosely)

AS Mosley has strengthened its senior management team with two new appointments. Aberdeenshire-based AS Mosley has welcomed Dr Andrew Trim (Andy) and Dr Appapillai Thavalingam (Thava) as it prepares to strengthen existing capabilities. Both bring the combined experience of its senior management team to well over 100 years. Dr. Trim  takes up a consultant engineer position with the company and holds over 30 years’ experience in both performing and supervising dynamic analysis work.

Sea Swift: New Platform Operational in Egypt

The 385 tonne topside of the Aquaterra Sea Swift being installed. It features a helideck and emergency accommodation with provision for six wells (Photo: Aquaterra Energy)

Global offshore engineering solutions provider Aquaterra Energy has designed, fabricated and installed a new Sea Swift platform for PICO Petroleum Integrated Services, the lead contractor for Amal Petroleum Company’s (AMAPETCO) Amal field in the Gulf of Suez, offshore Egypt. The Sea Swift is a Conductor Supported Platform (CSP) and is installed in 23 meters water depth. It included a 385 metric ton topside featuring a helideck and emergency accommodation with provision for six wells.

Aquaterra Wins North Sea Contract

George Morrison is managing director of Aquaterra Energy and creator of the Well Start specialism (Photo: Aquaterra)

Aquaterra Energy won a  contract to supply subsea high pressure riser (HPR) equipment and services for a subsea abandonment project in the central North Sea. The multi-million dollar deal will see Aquaterra facilitate the abandonment of ten subsea wells via deployment of a subsea HPR system from a jack-up rig. The scope of work could be extended to include two further subsea wells bringing the total number of abandonments to 12. Riser analysis was completed in-house by Aquaterra and validated by Bureau Veritas.

Aquaterra Signs Investment Deal with EV

Photo: Aquaterra

Aquaterra Energy, a  global offshore engineering solutions provider, has secured a multi-million pound investment from EV Private Equity as the company gears up for service expansion and new technology launches. The deal is the first to be agreed following EV’s pledge last year to invest $200 million in North Sea businesses with new technologies and high growth potential. The independent private equity firm confirmed it was seeking to invest between $10 million to $40 million in each company.

Private Equity Firm Energy Ventures Rebrands

L to R – EV Private Equity senior partner Greg Herrera and investment director Tomas Hvamb. (Photo: Energy Ventures)

A continuing low oil price has led to a re-focus of the investment strategy and a recent rebranding for independent private equity firm Energy Ventures. The company, which is headquartered in Stavanger and has offices in Houston and Aberdeen, has changed its name to EV Private Equity. EV is interested in the companies in the oil and gas services sector which require $10-25million of investment, where the focus is on provision of capital and competence to enable growth…

Aquaterra Names Hawkes Financial Director

Nick Hawkes (Photo: Aquaterra Energy)

Offshore engineering solutions provider Aquaterra Energy has appointed Nick Hawkes as Financial Director based at the company’s headquarters in Norwich. Hawkes has more than four years’ experience in the oil and gas industry and joins Aquaterra having spent nearly 20 years with Babcock International Group where he latterly held the position as Financial Director for 15 years. Hawkes graduated from Bournemouth University in 1987 with a BA (Hons) Business Studies.

Aquaterra Appoints Berven

Christian Berven joings Aquaterra Energy as director of business development. Photo: Aquaterra Energy

Aquaterra Energy appointed Christian Berven as Business Development Director, as it strengthens its EMEA operations by opening offices in Stavanger, Norway. The company, headquartered in Norwich, UK, was the first to secure a multi-million pound investment from EV Private Equity, as part of its pledge last year to support fast-growing North Sea businesses. The investment from EV is supporting Aquaterra Energy’s global growth strategy, as well has enabling it to invest in capital expenditure.

Aquaterra Energy Installs First CSP Platform for Offshore Trinidad and Tobago

Photo: Aquaterra

Aquaterra Energy, a global offshore engineering solutions provider, has announced it has completed the delivery of a Sea Swift conductor supported platform (CSP) for DeNovo Energy in the Gulf of Paria, offshore Trinidad and Tobago. This is the first platform of its kind to be installed in the country, and was completed in just ten months. Located in the Iguana field, the Sea Swift was installed from a jack-up rig in 27 meters water depth, accommodating up to four wells and includes local power generation, manifolds and a control system.