Intelatus: The long-tenured, New Name in Market Intel & Planning
Intelatus Global Partners is a new name in energy, marine and industrial market analysis and strategic planning, a ‘new name’ with nearly 50 years of experience and proven results.Founded by the merger of International Maritime Associates (IMA) and World Energy Reports (WER), Intelatus is a firm of business consultants with unique experience of nearly five decades across the entire maritime supply chain, producing multi-client analytical studies for sectors including offshore oil and gas, renewables and the energy transition…
Marco Wirén Appointed President at Wärtsilä
Marco Wirén, M.Sc. (Econ.), has been appointed President of Energy Solutions, Executive Vice President and member of the Board of Management of Wärtsilä Corporation, effective October 1, 2018.In this position, he is responsible for Wärtsilä's Energy Solutions business globally, and will report to President & CEO Jaakko Eskola.Wirén is currently the Chief Financial Officer of Wärtsilä, holding this position since August 2013. Prior to joining Wärtsilä, he had broad-ranging experience of financial management and international business management from the steel manufacturer SSAB…
ConocoPhillips: Syncrude Outage Affecting Output
A production shutdown at the Syncrude oil sands facility in northern Alberta has impacted output from ConocoPhillips' Surmont thermal plant, helping push heavy Canadian crude prices to their narrowest discount in nearly two years. The 350,000 barrel-per-day Syncrude project cut production for all of April to zero, according to market sources, following a fire last month that damaged the facility and forced the operator to bring forward planned maintenance. Two traders in Calgary said ConocoPhillips uses light crude produced by Syncrude to dilute the tarry bitumen produced at the 140…
GE Appoints Mohammed as Power Conversion President & CEO
GE has announced Azeez Mohammed has been appointed President & CEO of GE Energy Connections’ Power Conversion business, effective July 11, 2016. Mohammed comes to Power Conversion from his most recent role as President and CEO, of GE’s Power Services business for Middle East and Africa. He was instrumental in leading GE’s digital transformation, helping to position the organization as the world’s foremost digital-industrial company by launching innovative customer solutions in the power and LNG sectors.
FairfieldNodal Names New President, CEO
Seismic data and technology company FairfieldNodal announced the appointment of Charles “Chuck” W. Davison, Jr., as its new president and CEO, succeeding Walter Pharris, who is retiring after 35 years. Pharris will continue to serve as chairman of the company’s board of directors. Davison brings with him expertise in global operations and business management. Before joining FairfieldNodal, he was senior vice president at Oceaneering International, Inc., where he had worldwide P&L responsibility for their subsea products group.
Statoil BoD Selections Announced
In a meeting in the Corporate Assembly of Statoil ASA on 9 June 2015 Øystein Løseth was elected as new chair and Roy Franklin as a new member and deputy chair of Statoil's board of directors. Chair of the board Svein Rennemo and board member Jim Mulva had in advance informed the nomination committee that they did not wish to stand for re-election in 2015. Bjørn Tore Godal, Jakob Stausholm and Marjan Oudeman were re-elected as members of the board of directors. Board member Rebekka Glasser Herlofsen…
For US Coal, Market Realities Grow Increasingly Harsh
Struggling U.S. coal companies face debt hurdles, complications from reclamation and pension obligation, pressure from hedge funds; the Institute for Energy Economics and Financing Analysis (IEEFA) delves into some of the many pressing difficulties confronting U.S. coal producers. As the U.S. coal industry continues its tail spin, the cumulative impacts of its many liabilities—reclamation costs, pension obligations and debt service—grow more complicated and burdensome. One symptom of the malaise is the recent sharp upturn in layoffs…
Recommendation from Statoil's Nomination Committee
The nomination committee in Statoil has recommended that the company's corporate assembly elects Øystein Løseth as new chair and Roy Franklin as a new member and deputy chair of Statoil's board of directors. Furthermore, the nomination committee recommends a re-election of Bjørn Tore Godal, Jakob Stausholm and Marjan Oudeman as members of the board of directors. Chair of the board Svein Rennemo and board member Jim Mulva have informed the nomination committee that they do not wish to stand for re-election in 2015.
Euronav Warns Against Speeding up Tankers
Many investors are asking questions about the dynamics of the tanker market and asked us to confirm their views on vessel utilisation across the tanker market. This answer is very much linked to how supply and demand balance one another in a bulk tramping market. Whilst there is no precise correlation between earnings and supply, it is critically important to understand that small changes can have major impact on the market as a whole. When the market is undersupplied with tankers, there is little or no resistance to pricing and when the market is oversupplied with just a few tankers…
Energy Institute to Adopt Experience of Energy Firms
Sochi hosted today the 14th meeting of the International Supervisory Board (ISB) of the Energy Delta Institute (EDI) as well as an international meeting of the Institute’s partners under the topic of ‘Future of the European Power Industry’. Taking part in the meetings were Sergey Khomyakov, Deputy Chairman of the Gazprom Management Committee, Han Fennema, CEO and Chairman of the Executive Board of Nederlandse Gasunie, Gertjan Lankhorst, CEO of GasTerra, Pieter Dekker, Vice President JV Governance of Shell Netherlands…
Drydocks World's Components for Johan Sverdrup Jacket
Drydocks World has been awarded the contract from Kvaerner to carry out the fabrication of components on the Johan Sverdrup Riser Platform Jacket for end-user Statoil, to be located in the Norwegian sector of the North Sea. Kvaerner won contract from Statoil in January and Drydocks World will carry out the fabrication of pile clusters and floatation tanks including surface protection for the Johan Sverdrup Riser platform jacket. The pile clusters will form the base of the jacket where the structure is piled to the seabed, and the tanks will be used for launching and installation of the jackets on site.
Exova Names Ure General Manager for O&G Labs
Testing, calibration and advisory services provider Exova has appointed Campbell Ure as general manager of its Edinburgh and new Aberdeen laboratories. Ure, an engineering business management specialist, brings experience in delivering multimillion-pound projects and overseeing organizational change programs in a number of industries. In a career spanning more than 20 years, he has held senior engineering management roles with Oceaneering Umbilical Solutions; Tarmac, Aston Martin and, most recently, Rolls Royce.
Magnolia LNG Completes Management Team
Magnolia LNG LLC (MLNG), the wholly owned subsidiary of Liquefied Natural Gas Limited has completed the staffing of it’s senior management team through the appointment of experienced LNG industry personnel to the final two open positions. Mr. Richard Wheeler has joined MLNG as Process Technology Manager; in this role he will be responsible for management of process technology applications and interfaces, including application of LNGL’s proprietary OSMR® for the MLNG facility. Richard will lead technology interface on behalf of MLNG with other process licensors (i.e.
Arctic Oil: Bourbon to Enter Arctic Market in 2016
Bourbon plans to enter the growing Arctic Offshore market in 2016 with a new Anchor Handling Tug Supply (AHTS) vessel built by the Vard shipyard. This AHTS (Anchor Handling Tug Supply) was specially designed for operations in polar waters, and more specifically in arctic zones, where we know that there is a huge potential for development, and the new vessel is the signal that the company is adjusting its range of services to meet the requirements of clients and the changing offshore market. The new vessel will be 93.6 m long with a bollard pull of 280 t and deck equipment supplied by Rolls-Royce (winches…
Production Begins at Santos Basin Pre-salt Iracema Sul
Petrobras announced that platform Cidade de Mangaratiba went into operation today at the Santos Basin pre-salt area of Iracema Sul, in Lula field, located on block BM-S-11. The start-up of the new platform was anticipated since the original expected start-up, as provided for in the 2014-2018 Business & Management Plan, had been scheduled for November 6, 2014. The platform Cidade de Mangaratiba is an FPSO (floating production storage and offloading) type unit and it was contracted in September 2011 from the Schahin-Modec consortium.
Petrobras’ Platform Cidade de Mangaratiba Starts Operation
Petrobras’ platform Cidade de Mangaratiba went into operation today (14/10) in the Santos Basin pre-salt area of Iracema Sul, in Lula field, located on block BM-S-11. The start-up of the new platform was anticipated since the original expected start-up, as provided for in the 2014-2018 Business & Management Plan, had been scheduled for November 6th, 2014. The platform Cidade de Mangaratiba is an FPSO (floating production storage and offloading) type unit and it was contracted in September 2011 from the Schahin-Modec consortium.
Acorn Appoints Oxman as Partner
Acorn International, an environmental and social risk management service provider, has appointed Michael Oxman as partner within its Houston office. In this role, Oxman will be the cornerstone in taking Acorn International to a new level of client service and leadership in the professional services industry, the company said. The world’s largest and most advanced extractive industries turn to Acorn International for help in managing social and environmental risks when operating in challenging environments.
Election of Statoil’s Board of Directors
In a meeting in the Corporate Assembly of Statoil ASA, Svein Rennemo was re-elected as chair and Grace Reksten Skaugen as deputy chair of the board of directors. Bjørn Tore Godal, Maria Johanna Oudeman, Jakob Stausholm, Catherine Hughes and James Mulva were re-elected as shareholder representatives to the board. Øystein Løseth was elected as new shareholder representative to the board. Øystein Løseth is a Norwegian citizen. Øystein Løseth has significant managerial experience in the energy sector, with particular expertise and experience from the European energy market.
Statoil Recommends Løseth for Board of Directors
The nomination committee in Statoil recommends that the company's corporate assembly elects Øystein Løseth as a new member of Statoil's board of directors. Furthermore, the nomination committee recommends the reelection of Svein Rennemo (chair), Grace Reksten Skaugen (deputy chair), Bjørn Tore Godal, Maria Johanna Oudeman, Jakob Stausholm, Catherine Hughes and James Mulva as members of the board of directors. Øystein Løseth is a Norwegian citizen. Øystein Løseth has significant managerial experience in the energy sector…
