UTEC makes key appointments for StarNet and Geomarine business units
UTEC, a global surveying company in subsea services group Acteon, has appointed Jon Beatty to lead its Geomarine business unit and long-term employee Greg Hammond to head its StarNet business unit.
Beatty joins UTEC Geomarine as managing director and is responsible for its range of geotechnical services, which, when combined with UTEC’s geophysical survey offering, provides a one-stop solution for seabed characterization and sampling. He has more than 25 years of international experience with Schlumberger, having served in technical and management positions spanning reservoir characterization, well construction and completion, and production.
Hammond takes on the StarNet business unit director role having been with the business for more than 13 years. During this time, he has been instrumental in StarNet’s development, most recently as business development manager. Previously, Hammond supported the development of iSite, StarNet’s visual asset management solution.
API supports administration’s pipeline cybersecurity initiative
The American Petroleum Institute (API) released the following statement regarding the new Pipeline Security Initiative, announced jointly by the Department of Energy and the Department of Homeland Security:
“Protecting America’s energy infrastructure from cyberattacks is a major priority for the natural gas and oil industry and a common goal that we share with DHS, DOE and TSA,” said API Midstream Group Director Robin Rorick. “Our natural gas and oil pipeline systems have been purpose-built to be highly resilient because the production, gathering, processing, refining, transmission, distribution and storage are flexible, with multiple fail-safes, redundancies, and back-ups. We applaud the Pipeline Security Initiative, which recognizes that as cyberthreats continue to evolve and become more sophisticated, so too must our energy infrastructure. This is a complicated and continually changing issue, and it will be best managed through a coordinated approach between industry and the federal government. To that end, we look forward to working with the Departments to advance the Initiative’s objectives on behalf of America’s energy sector. API members continue to invest in the security of their systems, and we are pleased to see a commensurate level of attention from our government partners as we confront increasingly sophisticated nation-state based threats.”
API is a trade association representing all facets of the natural gas and oil industry, which supports 10.3 million U.S. jobs and nearly 8 percent of the U.S. economy. API’s more than 600 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 47 million Americans.
Michels Canada expands eastern presence
Michels Canada has established a permanent office in the Greater Toronto Area to conveniently serve eastern operations. The office, 891 Rowntree Dairy Road, Woodbridge, Ontario, is located near highways 400 and 407, providing easy access to the metropolitan area and beyond.
Glenn MacIntosh has been promoted to director, Eastern Region, to spearhead Michels’ continued growth in the Greater Toronto Area and beyond.
Michels Canada was formally established in Nisku, Alberta, in 2006, seven years after its affiliate company, Michels Corp., began serving Canadian markets.
OMV signs Heads of Agreement with Sapura Energy
OMV has entered into a Heads of Agreement with Sapura Energy Berhad to form a strategic partnership. The parties have agreed to continue negotiations on an exclusive basis. OMV intends to acquire a 50% interest in Sapura Energy’s wholly-owned subsidiary, Sapura Upstream Sdn Bhd.
Sapura Upstream is a major independent oil and gas company based in Malaysia with a strong growth portfolio. The potential cooperation would allow OMV to enter into a partnership with a highly esteemed regional company.
“The intended partnership with Sapura is a major step to develop OMV’s activities in South East Asia. The oil and gas demand in this region is expected to increase strongly until 2030 and OMV is taking the opportunity to further expand the business and build up the new core region”, said Rainer Seele, CEO and chairman of the Executive Board.
Royal launch for Balmoral subsea test facility
HRH The Prince Charles, Duke of Rothesay, officially opened Balmoral Offshore Engineering’s (BOE) subsea test facility in Aberdeen.
BOE, an Aberdeen-based provider of deepwater buoyancy, insulation and elastomer products welcomed His Royal Highness and more than 100 guests to the Balmoral Subsea Test Center to celebrate the conclusion of its two-year investment project.
Since January 2016 the new building has been taking shape at Balmoral HQ and now covers the area of more than six tennis courts rising to 18 meters in height with craneage capacity of up to 40 tons. The company had to blast through some 15 meters of Aberdeen’s famed granite sub-strata to accommodate the new underground pressure test vessels.
The new facility offers a wide range of procedures including hydrostatic, mechanical and laboratory trials providing the industry with a comprehensive resource for all types of subsea equipment testing.
New and upgraded vessels simulate conditions to water depths equivalent of 7000msw, 23,100ftsw. Most of the vessels are installed underground meaning access is at ground level making handling much easier and safer.
Bespoke software has been created to allow full test traceability and real time observation from anywhere in the world. This level of monitoring is a first for the industry and informs clients if current testing is running successfully or not.
Predominantly used for in-house testing and development work the center is also available to customers spanning the energy, defense, oceanographic and academic sectors.
EagleClaw Midstream to acquire Caprock Midstream
EagleClaw Midstream announced that it has entered into binding agreements to acquire Caprock Midstream Holdings from Energy Spectrum Capital and Caprock Midstream Management for $950 million plus pre-closing adjustments. The all-cash transaction is expected to close in 2018 and will be funded with equity and committed debt financing from Barclays Plc. EagleClaw’s current executive leadership team will lead the combined business, which shall operate under the EagleClaw name, following the closing of the transaction.
Caprock is a privately held midstream operator that provides gathering, processing, and disposal services for natural gas, crude oil, and produced water to producers in the Delaware Basin. Caprock’s assets are strategically located in the core of the southern Delaware Basin in Reeves and Ward counties, TX. Caprock currently operates two natural gas processing facilities and will have 540 MMcf/d of processing capacity pro forma for the completion of two additional facilities currently under construction. Caprock also operates almost 300 miles of gas, crude, natural gas liquids, and water gathering pipelines; 23 Mbbls of crude storage (expected to grow to over 60 Mbbls within the next twelve months); and water disposal facilities with capacity of 210 Mbpd (with an additional 375 Mbpd of additional capacity planned and permitted). Caprock serves several highly active producers, which have made long-term dedications for natural gas, crude and / or water-related services totaling over 115,000 acres.
The acquisition of Caprock is complementary to EagleClaw and further solidifies the company’s position as the midstream partner of choice for producers in the Delaware Basin. Pro forma for the closing of the transaction, EagleClaw will operate close to 850 miles of natural gas, natural gas liquids, crude and water gathering pipelines; 1.3 Bcf/d of processing capacity; and crude and water storage facilities, with over 425,000 acres under long-term dedication for midstream services. The acquisition of Caprock expands EagleClaw beyond natural gas gathering and processing related services into crude- and water-related services, providing opportunities for EagleClaw to offer a broad suite of midstream services to both existing and new customers. The transaction also benefits EagleClaw’s and Caprock’s customers by improving flow assurance and reliability and providing additional flexibility for customers’ natural gas, crude, and NGL takeaway.