Friday, September 21, 2018

Oil And Gas Industry News

CGG Names Baidoukov CFO

CGG has appointed Yuri Baidoukov as Group CFO, effective September 1, 2018. He will be based in Paris and report to the Chief Executive Officer, Sophie Zurquiyah.Baidoukov brings to the role 25 years of international oil and gas industry experience. He is currently Group CFO at OiLSERV Group, a Middle East and North Africa Oilfield Services company. Prior to this, he was CFO of Maersk Oil US, and Group CFO of Integra Group, a CIS oilfield services company. Baidoukov spent 10 years of his career at Schlumberger in finance positions at the corporate and regional levels.Baidoukov holds an MBA degree from TRIUM Global Executive MBA…

Pope Warns Energy Bosses of Global Destruction without Fuel Shift

© andiz275 / Adobe Stock

Pope Francis warned that climate change risked destroying humanity on Saturday and called on energy leaders to help the world to convert to clean fuels to avert catastrophe."Civilisation requires energy but energy use must not destroy civilisation," the pope told top oil company executives at the end of a two-day conference in the Vatican.Climate change was a challenge of "epochal proportions", he said, adding that the world needed an energy mix that combated pollution, eliminated poverty and promoted social justice.The conference, held behind closed doors at the Pontifical Academy of Sciences…

Fronius Updates its Welding Systems Portfolio

Photo: Fronius

From the automotive and component supply industry to machine and plant construction, and also the oil and gas industry: mechanized welding processes are indispensable in all metal-working sectors. Fronius Perfect Welding therefore offers a wide range of products and services for automated welding technology. This provides the technology leader’s customers with the necessary efficiency, performance and reproducible quality to remain competitive in the face of international competition.Nowadays, welding tasks have to be completed more quickly, more cost-effectively and produce higher quality than ever before…

DNB Sees More Limited Restructuring Ahead for Oil Industry

© Marius Dobilas / Adobe Stock

DNB, Norway's largest bank and a major lender to the oil and gas industry, expects more restructuring in the sector but on a smaller scale than in recent years as activity and prospects have improved, the bank's CEO told Reuters on Tuesday."We see some restructuring ahead, but to a very limited level. We have been through most of the cases where we have been involved as a bank," Rune Bjerke said in an interview on the margins of an oil conference."There will be probably more consolidation but it will be more event-driven from now on."Bjerke said…

Unique Group Adds Diving & Industrial Gas Supply Service

(Photo: Unique Group)

Offshore solutions provider Unique Group said it has extended its offering to include diving and industrial gas supply for the African offshore market from its base in Cape Town, South Africa.Rodney McKechnie, Group Director at Unique Group, said, “After a rigorous study of the diving industry and the current requirements of customers in the region, it was imperative for our diving division to offer a complete turnkey package inclusive of diving and industrial gas.”The extension of capabilities now includes the full range of diving, welding, industrial, laboratory, test and calibration gases, chemical tanks and gas storage equipment.

Gas to Overtake Oil as Primary Energy Source by Mid-2030s

Photo: DNV GL

Nearly two-thirds (64%) of oil and gas sector leaders expect to increase or sustain spending on gas projects in 2018, as the sector prepares for gas to overtake oil as the world’s primary energy source in the mid-2030s. Confidence in the case for gas is growing, according to a survey by DNV GL, the technical advisor to the industry. The vast majority (86%) of the 813 senior industry professionals surveyed agree that gas - the least carbon-intensive fossil fuel - will play an increasingly important role in the global energy mix over the next decade, up from 77% last year.

Liftboat Milaha Explorer Deployed off West Africa

The Milaha Explorer crew following deployment off the coast of West Africa (Photo: Milaha)

Qatar-based maritime and logistics conglomerate Milaha said its liftboat Milaha Explorer has been deployed off the coast of West Africa as part of a long-term charter with a major international oil company.Milaha’s President and CEO, Abdulrahman Essa Al-Mannai, said, “Over the past few months, we have been significantly ramping up our operations, and I am pleased to announce further growth in our geographic footprint and operational portfolio with this long-term deployment, which marks our entry into Africa. Milaha Explorer is a new and modern vessel…

Gas to Become World's Primary Energy Source by 2035

Image: DNV GL

Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today.Gas will become the largest single source of energy from 2034.DNV GL’s Energy Transition Outlook (ETO), a forecast that spans the global energy mix to 2050, predicts that global demand for energy will flatten in 2030, then steadily decline over the next two decades, thanks to step-changes in energy efficiency.

DNV GL Raises the Standard for Thermoplastic Composite Pipes

TCP (Photo: DNV GL)

DNV GL has launched a new standard that allows operators to choose thermoplastic composite pipes (TCP) instead of steel or traditional flexibles, enabling substantial cost reductions throughout the project lifecycle.After the successful and wide adaptation of the recommended practice (RP) DNVGL-RP-F119 by the industry for qualification of TCP for various applications from dynamic to static applications since its publication in 2015, the RP has now been converted to an official DNV GL standard DNVGL-ST-F119. This reflects the growing confidence…

Fugro Goes Seep Hunting off Eastern Canada

High-resolution bathymetric map of the Carson Basin, a frontier region offshore Newfoundland. Fugro acquired the data which will help E&P companies to evaluate lease options for Newfoundland and Labrador’s 2019 licensing round. (Image: Fugro)

A geophysical acquisition portion of a 2018 Carson Basin seep hunting program offshore eastern Canada recently completed by Fugro covered an area of 18,875 square kilometers in water depths from 300 to 3,300 meters in this frontier region offshore Newfoundland. From its deepwater survey vessel, Fugro Searcher, Fugro acquired multibeam echosounder data (bathymetry, backscatter intensity and water column) and sub-bottom profiler data which were used to interpret geologic features and optimize target selection for geochemical sampling and heat flow measurements.The second portion of the program – coring for geochemical sampling…

New Project Seeks to Boost UK O&G Workforce

Photo: OPITO

A project to develop a new UK oil and gas skills strategy has been launched following wide spread industry and government support for the findings in OPITO’s UKCS Workforce Dynamics Review.OPITO has appointed Robert Gordon University’s (RGU) Oil and Gas Institute to support the development of the strategy over the next six months.This will involve an industry survey and workshops to help develop a blueprint to support skills diversification and digital transformation. The Workforce Dynamics Review, launched in May, found that if the sector achieves ambitions around the energy transition…

Unique Group Enters into West Africa JV

Subsea and offshore solution provider Unique Group said it has formed a joint venture (JV) with Nigeria-based Charkin Maritime & Offshore Safety Ltd, a professional training company for the maritime and offshore oil and gas industries.The newly formed JV, Unique Charkin System Ltd, based out of Port Harcourt in Nigeria, offers a full range of support to the oil and gas market in Nigeria and will further extend services into Sub-Saharan Africa.Although already active in the region for some time, the partnership creates a dedicated office for Unique Group in the region, bringing enhanced accessibility and reduced response time for customers.

ClearWELL Scales Up North American Presence

Photo: ClearWELL Oilfield Solutions

Flow assurance and scale control specialist, ClearWELL Oilfield Solutions, has strengthened its U.S. presence with the appointment of two key positions.Brian Gaudin and John Simonson join the company as Director, Business Development and Business Development Manager, respectively. Gaudin brings 23 years of business development and account management experience to ClearWELL, having worked with top tier oil and gas service companies. Most recently he held the position of Global Account Manager for Intertek where he was responsible for a collective group of oil and gas supermajors’ accounts…

New Managing Director of Semco Maritime Norway

Lars Jønholt Halvorsen (Photo: Semco Maritime Norway)

Lars Jønholt Halvorsen has been appointed Managing Director of Semco Maritime Norway as per August 1st. Based in Bergen, Halvorsen now heads all Semco Maritime activities in Norway, including the rig facilities at Hanøytangen, Bergen, as well as Semco Maritime’s offices in Kristiansand and Stavanger.Lars Jønholt Halvorsen joins Semco Maritime from a position as Deputy General Manager and Senior Project Manager at Enhanched Drilling, and before that he held a position as Vice President at Odfjell Drilling.Senior Vice President Lars Skov, Head of Semco Maritime Rig Projects…

Aker Bets on Software Engineers for Its Oil Business

(Photo: Aker BP)

When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets, integrating data from equipment such as pumps, heat and pressure sensors, maintenance records and even staff rotas to improve efficiency and safety.Less than two years later, Cognite is selling its software to Aker BP's rivals and one competitor, Sweden's Lundin Petroleum…

Petronas Appoints Ahmad Nizam Salleh as New Chairman

(Photo: Petronas)

Malaysia has appointed Ahmad Nizam Salleh as the new chairman of state-owned oil company Petroliam Nasional Bhd effective immediately, according to a statement from the prime minister's office on Wednesday.Ahmad Nizam has worked in the oil and gas industry for 37 years and has served in Petronas for most of his career, according to the statement. Wan Zulkiflee Wan Ariffin remains as Petronas' president and chief executive, it said.Petronas announced in early July that its chairman then, Sidek Hassan, had ended his tenure on June 30.(Reporting by Emily Chow; Editing by Manolo Serapio Jr.)

EU Aims to Block U.S. Sanctions on Iran

The European Union vowed on Monday to counter U.S. President Donald Trump's renewal of sanctions on Iran, in a test of the EU's ability to preserve a deal that saw Iran limit its nuclear ambitions in exchange for removing strict curbs on its economy.As Washington's so-called "snapback" sanctions are reinstated on Tuesday, a new EU law to shield European companies will also take effect to try to mitigate what EU officials say is their "unlawful" reach beyond U.S. borders.Despite protests from European allies, U.S. Secretary of State Mike Pompeo said Washington would fully enforce the sanctions.

New RINA Guidelines for Additive Manufacturing

Photo: RINA

RINA, a specialist in additive manufacturing, has announced the release of its 'Guidelines for the certification of metallic products made by additive manufacturing', for the oil and gas industry.The use of additive manufacturing (or 3D printing) is expanding rapidly, especially as technology now enables the production of larger components and products to meet different mechanical or physical-chemical needs. The new guidelines from RINA will enable companies in the oil and gas industry to ensure every step of the additive manufacturing process is repeatable, documented and can be verified by a third party.

TWMA Acquires US Service Company

Photo: TWMA

TWMA, provider of specialized drilling waste management services, has announced its acquisition of US-based Dynamic Oilfield Services in an eight-figure deal. The move comes as TWMA continues to implement an ambitious growth strategy, with internationalization and service diversity at its heart. The US land drilling market is currently recognized as the fastest growing drilling market in the world, Dynamic Oilfield Services deploys its solids control and surface equipment divisions in some of the most prolific onshore basins in the US. Commenting on the acquisition…

Pope to Address Oil Majors in Vatican Climate Conference

© Mazur/catholicchurch.org.uk

The Vatican will host executives of the world's top oil companies for a conference next week on climate change and the transition away from fossil fuels, a Vatican source said on Friday.Pope Francis, who wrote a major document on protection of the environment from global warming in 2015, is expected to address the group on the last day of the June 8-9 conference.The conference, organised by Notre Dame University in the United States, is expected to be attended by the heads or senior executives of companies including ExxonMobil, Eni , BP, Royal Dutch Shell and Pemex…