James Fisher Names New Head of Energy Division
Offshore services firm James Fisher and Sons has appointed Neil Sims as its new Head of Energy. Sims will report to Chief Executive Officer, Jean Vernet, as part of the James Fisher executive team.Sims joins James Fisher from Expro, where he most recently served as Product Line Vice President and was responsible for their well flow management portfolio and sustainability and ESG transitional strategy.
Managing Change the AVEVA Way
In today’s marine-scape of declining newbuild activity, many boatbuilders are seeking to buoy up productivity by reducing time to market. But how do you go about contracting intricate concurrent design and production flows without loss of quality, let alone the risk of production spiraling out of control? The general tendency is to overlap design phases. However, this potentially creates a greater number of uncertainties. Ship design includes multiple disciplines and specialties in spiraling activity cycles.
Port Crane Fully Lit by LED Floodlights Begins Work at the Port of Valencia
TCV Stevedoring Company S.A., the container terminal in Valencia belonging to Grup TCB, reinforces its commitment to its environmental policy. In line with its environmental management system, EMAS, it has recently purchased and implemented the first STS Super Post Panamax crane in the world, lit entirely with LED technology. This solution was developed and provided by Ingeniería de Aplicaciones Energéticas S.L., (EDAE), whose products offer superior performance, quality and reliability.
Expro Awarded Contract Extension in Cameroon
Leading international oilfield services company Expro is celebrating a significant contract extension with Perenco in Cameroon. The award is an extension of services from a previous well campaign and will last for the duration of one year. Expro will provide an extended well test, data acquisition services and its drill stem testing (DST) package including Expro’s CaTS™ wireless telemetry technology which will be utilised as a surface read-out system. Work will take place across two exploration and appraisal (E&A) wells in the Lungahe and Elombo fields and two development wells in Dissoni. Expro’s Southern & West Africa region director, Riccardo Muttoni, said: “Perenco is pressing ahead with major development plans in Cameroon and the neighbouring areas.
Expro Contract, Ghana’s First Deepwater Field
International oilfield service company Expro is establishing a new base in Ghana following the award of a multi-million dollar contract to deliver subsea, well test and data acquisition services for Tullow Ghana Limited (subsidiary of ‘Tullow Oil’) on the Jubilee Phase 1 Development field, which is the country’s first deepwater development. Ghana has been a strategic target for Expro since Tullow announced its intention to explore and later develop a major discovery. Expro is the current incumbent for Tullow’s exploration and testing work. On the back of this success, Expro has been awarded the Jubilee Phase 1 subsea and intervention work for 30 months.
Genco Amends $1.4b Credit Facility
Genco Shipping & Trading Limited (NYSE:GNK) announced on Jan. 26 that it has entered into an agreement to amend the company's $1.4b credit facility. DnB NOR Bank ASA and Bank of Scotland PLC acted as the lead arrangers of the ten-year facility. Under terms of the amended ten-year $1.4b facility, the collateral maintenance requirement will be waived until such time that Genco is in a position to satisfy the covenant and certain other conditions. Genco will continue to be able to borrow the undrawn portion of the loan during the waiver period. Amounts borrowed under the amended facility begin to reduce on March 31, 2009 at $12.5m per quarter and will bear interest at LIBOR plus 2.00%.
