Monday, December 23, 2024

Risk Management Services News

Wild Well Announces Onsite Training

Photo: Wild Well Control

Well control and engineering services firm Wild Well Control, Inc., a Superior Energy Services company, announced that it will offer well control training to drilling rig crews onsite with its rigsite well control Crew Training Unit.Wild Well is an provider certified well control training in the classroom, and the Crew Training Unit extends its leadership to the rigsite with an innovative way to educate drilling rig crews.

Hedge Funds Find Plenty of Willing Sellers: Kemp

For every buyer of futures and options there must be a seller. For every long position there must be a corresponding short position. Hedge funds and other money managers have purchased a record number of futures and options contracts linked to Brent and WTI, betting that prices will rise. As a group, hedge funds now hold a record net long position equivalent to 951 million barrels across the three main Brent and WTI contracts (http://tmsnrt.rs/2mm1HeI).

OPOL Announces Executive Team Appointments

Jacquelynn Craw (Photo: OPOL)

The body responsible for the offshore oil and gas industry’s voluntary pollution compensation scheme has announced two appointments to its executive team. The Offshore Pollution Liability Association Limited (OPOL) has appointed a new managing director, Jacquelynn Craw, with effect from December 1. OPOL also confirmed the reappointment of its current chairman, Colin Wannell, with effect from January 1,  2017. Craw succeeds Niall Scott as managing director, who has held the post since 2011.

DNV GL Wins National Grid Framework Agreement

DNV GL has been awarded a framework agreement for the provision of design and engineering technical services to the Grain LNG terminal. The scope of the three-year framework agreement covers feasibility studies, conceptual design studies, specialist engineering and risk management services up to and including front-end engineering and design (FEED). Grain LNG is integral to the UK energy infrastructure and security of supply.

CHS Montana Refinery Order for Technip

Technip was awarded a significant(*) contract by CHS Inc.(*) to provide proprietary technology and EPC(*) for a 40 thousand normal cubic meters per hour grassroots hydrogen plant at the CHS Refinery in Laurel, Montana, USA. The plant is part of the company’s ongoing upgrades to boost efficiency, increase diesel production and process additional crudes at its refinery. The design will utilize Technip's high efficiency top…

LR, Penn Oak Energy Partner for LNG Retrofit Service

Lloyd’s Register North America, Inc. (LR) has teamed with Penn Oak Energy Corp to help companies raise capital and mitigate the technical risks associated with retrofitting ships fuelled by liquid natural gas (LNG), by providing a one-stop-shop solution to the industry. Ships that are fuelled by LNG can reduce operating costs while meeting stricter environmental regulations. LNG-fuelled ships have reduced emissions (nitrogen oxide…

IRM Systems Opens Operations Base in Houston

Danny Ling (Photo: IRM Systems)

IRM Systems, the independent authority on emergency pipeline repairs, announced that it has opened a new base of operations in Houston, Texas. Improving efficiencies in hydrocarbon recovery has meant the production cost per barrel using older, existing assets has dropped significantly. “The implications of this development are tremendous, bringing with them the need for a new perspective on pipeline inspection, repair and maintenance, which is where IRM Systems comes in,” said Rutger Schouten, General Manager of IRM Systems.

Stirling Group Altor Open Doors for O&G Skills Week

An Aberdeen HSE and risk management firm opened its doors to give people a glimpse of how varied a career in oil and gas can be. Stirling Group Altor took part in the first ever National Oil and Gas Skills Week which welcomed 4,000 people to more than 50 events at venues across the UK. Organizers OPITO, the industry skills organization, said an average of 1,000 people per day took part in the inaugural National Oil and Gas Skills Week which saw events of all shapes and sizes take place in Norwich…

DNV GL Oil & Gas to Expand in Norway

Marianne Hauso

DNV GL is relocating its oil and gas head office in Norway from Høvik to Stavanger in order to be even closer to its customers, the company said. Local delivery capacity will be expanded in Stavanger and Bergen and operations will continue in Høvik, Sandefjord, Trondheim and Harstad. DNV GL’s operations in Norway are led by Regional Manager Marianne Hauso. “The oil and gas industry is facing rapid changes, increasing costs and growing public scrutiny on its safety and environmental performance.

FMG, Hawkes Enter Energy Partnership

From left to right: Dr Sultan FMG,  Alan Kennedy Bolam IRHC, Darrin Hawkes, Hawkes Associates

First Medical Group and Hawkes Associates Limited  announced a strategic partnership to deliver a range of risk management and training services to energy and construction industries in Libya and globally. Based in Aberdeen Hawkes Associates Limited have provided risk management services to global energy organizations for over 10 years and are particularly known for their health risk management activities. First Medical Group…