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Vol.
228 No. 8 |
McDermott International, Inc., subsidiary
J. Ray McDermott, S.A., has agreed to purchase substantially all
the assets of Secunda International Ltd, including 14 harsh-weather,
multi-functional vessels, with capabilities including subsea construction,
pipelay, cable lay and dive support. Eight of the vessels have dynamic
positioning capability. The purchase price is about $260 million.
Southern Research Institute announced plans to open its Carbon-to-Liquids
(C2L) Development Center in the Research Triangle of North Carolina.
The facility will research technologies that convert non-petroleum
carbon resources into products such as diesel, jet fuel, methanol,
ethanol and electric power.
Schlumberger has launched the Western
Spirit, the seventh Q-Marine
vessel to join the WesternGeco fleet. Q-Marine is a single-sensor high-fidelity
seismic acquisition-to-inversion platform technology for enhanced reservoir-quality
acquisition, processing and inversion.The vessel will begin work with
a high-specification 4D survey in the North Sea for Statoil. Equipped
with DSC (dynamic spread control), the new automated source and streamer
steering technology, the Western Spirit provides better repeatability
for improved time-lapse studies for reservoir monitoring and increased
accuracy for Q-enabled over/under and rich/wide azimuth surveys.
Proserv Offshore LLC has acquired Twachtman,
Snyder & Byrd,
Inc. (TSB), a provider of well abandonment and decommissioning services
to the offshore industry. Based in Houston, Proserv Offshore is a subsidiary
of Proserv Group AS, headquartered in Stavanger, Norway. TSB, with
field operations in Houma, La., has extensive service capabilities
in project management, contracting, consulting and related services.
Ridgeway Petroleum Corp. has changed its
name to Enhanced Oil Resources, Inc. The change was made to reflect
the company’s
focus on CO2 delivery and enhanced oil recovery production in the
Permian basin. Enhanced Oil Resources is a development-stage EOR
company controlling about 200,000 acres of land within the St. Johns
helium/CO2 field in Arizona and New Mexico, where they are developing
what is thought to be the largest undeveloped resource of helium
and carbon dioxide in North America. The field contains about 15
trillion cu ft of in-place resources, with a potential 5 trillion
cu ft recoverable.
Statoil and emgs have entered into an
R&D agreement
to develop new software and methods for analysis of electromagnetic
data from seabed logging. The agreement is for one year, with an
optional two-year extension for support and maintenance. emgs will
develop software routines for processing and imaging, while Statoil
will fund the project and have access to the results.
Benchmark Performance Group, Inc., will invest in excess of $3 million
in Integrated Environmental Technologies, Ltd. (IET). Under the terms
of the agreement, subsidiary Benchmark Energy Products, LP, will also
become the exclusive worldwide distributor of EcaFlo equipment and
EcaFlo fluids to the oil and gas industry.
Texas-based Multi-Chem Group LLC has completed the purchase of Well
Stimulation North. Headquartered in Meridian, Calif., Well Stimulation
North has served natural gas production companies in California for
13 years. The company becomes a wholly owned subsidiary of MultiChem.
Petris Technology, Inc., a developer of vendor-neutral data management
and exchange technologies, has acquired the software and support assets
of Production Access, Inc. Petris will assume responsibility for sales,
service, and future development of the Production Access software,
including Operations Center, an integrated platform for management
of operational data for drilling, wellwork and production operations.
The software streamlines acquisition and management of drilling and
production operations information and incorporates it with company
financials to improve business decisions.
Petroleum Geo-Services ASA (PGS) will
acquire MTEM Ltd, a provider of electromagnetic services used to
detect hydrocarbons, for $275 million. MTEM (for “multi-transient electromagnetic”)
has developed a cable-based EM technology for both offshore and onshore,
including transition zone environments. MTEM was established in 2004
as a spin-out from the University of Edinburgh, Scotland.
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Prysmian
Expro International Group PLC has signed a
letter of intent with BP plc concerning the development
and commercialization of Expro’s AX-S lightweight subsea wireline intervention
system. This follows a joint industry project to prove
the system’s design concepts. Following final
contractual discussions, Expro will build a fully engineered
AX-S system and provide operational capability to deploy
and operate the first system; BP will provide partial
project funding and conduct field trials of the AX-S
system on subsea wells. The system is intended to diagnose
problems and improve production from subsea wells,
with the goal of reducing the recovery gap in reserves
from subsea wells and those managed from platforms. |
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Veritas Caspian LLP, a subsidiary of CGGVeritas, has opened a new
seismic data processing center and office in Almaty, Kazakhstan. Staffed
by national and expatriate geophysicists, the center is strategically
located in the business and commercial district of Almaty, where it
will focus on executing complex processing projects for the oil and
gas industry.This work will complement the ongoing five-year program
of non-exclusive marine, shallow water and transition zone seismic
acquisition work that Veritas Caspian LLP is undertaking, which covers
the entire open acreage of the Kazakh sector of the Caspian Sea.
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