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Oil And Gas Division News

11 Dec 2019

Wison Begins Arctic LNG 2 Project

Wison Offshore & Marine (WOM), the upstream oil and gas division of Chinese conglomerate Wison Group Holding, announced the fabrication of Arctic LNG 2 Project (ALNG2 Project) commenced in Zhoushan Yard.The module fabrication contract was awarded by Technip France S.A., a wholly-owned subsidiary of TechnipFMC.Novatek, client of ALNG2 project, is the largest independent natural gas producer in Russia. ALNG2 project comprises three LNG trains at 6.6 million tons per annum each. WOM’s work scope is engineering, procurement, fabrication and commissioning of modules in train one with a total weight of 48,000 MT."With continuous support of Novatek…

18 Sep 2019

Clarke Joins Seaspan Shipyards as CFO

James Clarke  (Photo: Seaspan)

Seaspan Shipyards (Seaspan) has announced the appointment of James Clarke as Chief Financial Officer (CFO). With more than 15 years of senior finance experience in engineering and industrial environments Mr. Clarke brings his strong background in strategic finance to Seaspan’s growing shipbuilding and ship repair operations.Clarke joins Seaspan from the Houston, Texas, office of SNC Lavalin where he was the Chief Financial Officer and Senior Vice President of Finance for the Oil and Gas Division with operations in the Americas, Middle East, and Australia.

10 May 2016

LOC Appoints Rutler as Group CFO

International marine and engineering consultancy LOC Group has appointed Jerome Rutler to the newly created post of Group Chief Operating Officer, responsible for LOC’s global operations including marine assurance and risk, energy and shipping sectors. Rutler has worked for more than 20 years in the oil and gas, petrochemicals and marine industries for a variety of companies, EPCI (engineering, procurement, construction and installation), consultancy and technical advisory. He also has experience as a company director, with particular expertise in management, operations and strategy. Rutler joins LOC from Bureau Veritas where he has worked for 13 years, most recently as vice president, corporate development for the Marine, Oil and Gas division.

30 Nov 2015

The Digital Oilfield Microwave Communication Offshore Brazil

With most offshore wells in Brazil located between 30 and 300 km from the coast, communication with offshore assets has not always been straightforward or reliable. Some operators and service providers still use traditional maritime VSAT services for coverage offshore Brazil, yet the introduction of Microwave radio has led to a much better level of quality and reliability in high-bandwidth voice and data communications. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil had an interesting conversation with Arild Fotland, head of Ceragon’s Oil and Gas Division, about the advantages of Microwave radio communications for offshore operations in Brazil. Fotland joined Ceragon in 1978 and has been stationed all over the world.

12 Feb 2015

Suarez Named VP at Voith Turbo

Javier Suarez (Photo: Voith Turbo)

Javier Suarez will be Voith Turbo’s new vice president Americas for the power, oil and gas division’s marine group. Suarez will be based at the division’s regional headquarters in Houston, working with Ron Wilson, who is President Americas. Suarez will also be a member of the global Voith Marine management team. He has extensive experience in the marine industry, including four years at Voith Turbo as sales area manager for Voith Schneider Propellers, based in Germany. “We look forward to Javier helping us expand our business in the Americas…

04 Feb 2015

Sætre Appointed President & CEO of Statoil

Statoil’s board of directors has appointed Eldar Sætre as the company’s new president and CEO. Sætre, who has 35 years’ experience from Statoil and the oil and gas industry, has been acting as president and CEO since October, and assumes the role with immediate effect. "Eldar Sætre was our first choice. The industry and company are facing demanding challenges. Eldar stands out with his long experience and ability to create change. Those are qualities we need in times like these. I am extra pleased that we were able to recruit the next CEO from within Statoil," said Statoil’s chair of the Board, Svein Rennemo. Sætre has extensive operational and financial experience from Statoil. He has been a member of the Corporate executive committee since 2003.

15 Oct 2014

Statoil’s President & CEO Helge Lund Resigns

Helge Lund assumed the role as President and CEO of Statoil on 16 August 2004.

Statoil President and CEO Helge Lund has informed the company's board of directors that he will resign. Helge Lund has chosen to leave Statoil to take up the position as CEO of another international oil and gas company. The board of directors has appointed Eldar Sætre as acting president and CEO of Statoil with immediate effect. According to a Reuters report, Statoil's long-serving chief executive will take on the top role at smaller rival BG, where he has been promised a big pay rise if he can turn round the flagging British gas and oil producer.

15 Jan 2014

MTN Appoints Venegas GM, Oil and Gas

Santos Venegas

MTN Communications (MTN) announces Santos Venegas has joined the company as general manager for its Oil and Gas Division. This appointment further solidifies MTN’s position in the market as a pioneer in communications technology spanning across various market segments. A 35-year industry veteran and respected consultant, Santos most recently served as managing director for Latin America at Harris CapRock. Prior to that role, he was director of Corporate Development. Serving the company for 28 years…

01 May 2013

Caterpillar Engines to Power Six Drillships

Caterpillar Global Petroleum to supply diesel generator sets for the drillships to be built in Brazil. The contract has been awarded by Estaleiro Enseada do Paraguaçu (EEP) for six drillships to be built at Estaleiro Enseada do Paraguaçu shipyard in the state of Bahia, Brazil, which has charter contracts with Petrobras for these vessels. Each of the six drillships will be powered by 6 x 16CM32 main diesel generator sets and the emergency power will be provided by 1 x 3516B generator set. Antti Ekqvist, Caterpillar global business development manager for offshore oil and gas commented, “We are pleased to be selected as the preferred power solutions provider by EEP for these new drillships.

17 Nov 2011

Mercator Announces H1 Results

For the half year period ended 30th September, 2011, Mercator Lines Ltd. registered 25% growth in Total Income which stood at Rs.1584 crores (Rs.1268 crores). The Consolidated Net Profit for the period stood at Rs.21.41 crores (Rs.113.22 crores). During the period, the Coal Division contributed 58% revenue while Dry Bulk contributed 22%; Tanker 10%; Dredging 5% and Offshore Division 5%. The coal volumes are expected to further improve in the coming quarters. The recent coal mine acquired in Indonesia would commence commercial operations in the last quarter of FY12. The Oil and Gas Division has successfully commissioned FPU unit in Nigeria and the operations are doing well as per schedule. Exploration activities of two onshore oil blocks in Gujarat are on schedule.

02 Feb 2010

GL Noble Denton Hires 700 Technical Experts

Photo courtesy GL Noble Denton

Over the next two years GL Noble Denton plans to hire more than 700 new technical personnel, engineers and marine operations specialists. GL Noble Denton is the newly rebranded technical service provider for the oil and gas industry with a comprehensive service portfolio combining former marine and offshore consultancy Noble Denton with GL's oil and gas division. GL Noble Denton is part of the GL Group and currently employs over 2,900 technical and operations specialists and experts in 54 offices throughout the globe.

26 Jan 2009

Doosan Infracore Supplies Airpac Bukom

Doosan Infracore Portable Power has supplied a multi-million pound fleet of new Ingersoll Rand Rigsafe portable air compressors to Airpac Bukom Oilfield Services, the oil and gas division of equipment rental group Vp plc. The major new investment by Airpac Bukom in air compression equipment from Doosan Infracore Portable Power has expanded the company’s equipment rental fleet to support the growing market for Well Test and high pressure pipeline requirements among customers worldwide.

12 Aug 2003

Rolls-Royce Acquires VT Controls

Rolls-Royce has acquired marine electrical systems company VT Controls Ltd for £11 million, continuing its growth strategy in the marine market. VT Controls Ltd, acquired from the VT Group, will be incorporated into the Rolls-Royce Marine Electrical Systems business set up earlier this year. The acquisition is an important addition to the new business's capability, as it ramps up to support marine projects involving major electrical systems. Based in Portsmouth, VT Controls Ltd has provided power or automation systems on all front line UK naval platforms in the last decade and is involved in current naval programmes both in the UK and abroad. The company has an impressive pedigree that stretches as far back as the early 1970s when it supplied controls for Brazil's Mk 10 frigates.

01 Mar 2001

Aker, Kvaerner Merger Proposed

Norwegian industrialist Kjell Inge Roekke proposed merging his Aker firms with the shipbuilding and oil and gas divisions of Kvaerner on Wednesday to combat stiffening world competition. Aker forecast synergies from 2003 worth $89-$112 million, from the link-ups, the latest in a string of proposed ties between the two groups, which are struggling in a dwindling Norwegian oil and gas services market. "We expect that most of Kvaerner's shareholders will accept this," said Roekke, a billionaire investor whose interests range from fisheries to building oil platforms. Kvaerner welcomed proposed talks on shipbuilding but reacted frostily to the suggested tie-up in oil and gas, saying it would not help the company to meet future challenges. It said Aker over-estimated synergies.

24 Apr 2001

Kvaerner Profits Beat Estimates

Kvaerner beat market expectations with a jump in first-quarter profits, and the company reiterated opposition to a tie-up with Norwegian oil industry services rival Aker. Kvaerner, trying to recover from a wrenching 1999 restructuring, said pre-tax profits leapt to 151 million crowns ($16.66 million) in the quarter to March 31 from 10 million crowns in the same period of 2000. Net profits leapt to 110 million from 10 million. "We're not jumping for joy about it but with the starting point we've had this has to be a pleasant confirmation that we are on the right track," Chief Executive Kjell Almskog told a news conference. Operating profits…

25 Apr 2001

Aker Opposes New Kvaerner Board

Aker Maritime opposes a proposed new board for Kvaerner, where Aker owns 17.8 percent. "Aker Maritime has asked Kvaerner's election committee to propose a competent and independent board that freely may consider whether Kvaerner may benefit from a merger between Kvaerner's and Aker Maritime's oil and gas division," it said. "The proposed board does not meet such a request," Aker Maritime said in a statement, saying that the proposed members apparently backed Kvaerner's opposition to its proposed link-up. Aker Maritime wants a wide-ranging link-up between the two companies. Kvaerner earlier on Wednesday presented a proposed new board to be headed by lawyer Harald Arnkvaern. - (Reuters)