Apache Corporation has agreed to sell its Australian subsidiary Apache Energy Limited to a consortium of private equity funds managed by Macquarie Capital Group Limited and Brookfield Asset Management Inc. for cash payment of US$2.1 billion. The transaction is expected to close mid year 2015 and is subject to necessary government and regulatory approvals and customary post closing adjustments. The effective date of the sale is October 1 2014.
Equatorial Guinea has joined African Petroleum Producers Association (APPA) member countries on a joint action to reduce oil production and stabilise the market. Minister of Mines, Industry and Energy of Equatorial Guinea, Gabriel Mbega Obiang Lima said “we are reviewing our budget due to lower oil prices. We have supported these initiatives that allow us to study how to jointly stabilise prices in the future.” Lima also recalled the importance of diversifying the economics of individual states in order to reduce dependence on oil, as the government of Equatorial Guinea is currently doing.
Dresser-Rand was honoured with the 2015 Gulf Coast Oil & Gas New Technology Development of the Year award for its LNGo natural gas conversion system. Dress-Rand’s LNGo system is the latest innovation for the LNG market. The system uses a combination of trusted Dresser-Rand technologies, including its MOS reciprocating compressor, Guascor gas engine and Enginuity control system in a portable, small footprint package that can be placed on well pads, gas flares and similar sites. The system allows for very small stand alone plants that are portable and can be moved to support changing requirements and needs. Sized to produce approximately 6000 – 8000 gal./d of LNG, the LNGo system can be used in up, mid and downstream applications.
British industry is being given the chance to stand up and be counted, in a bid to pass on vital knowledge and experience in the fight to STEM the skills shortage. The STEM Exchange, pioneered by The Stem Alliance, is a new initiative commissioned and funded by the Education and Training Foundation designed to bring further education and industry together. Industry is opening its doors to post 16 educators to offer any number of development opportunities which will enable them to understand the current and future needs of the sector.
Al Parkes, COO, Semta, the charity which runs the STEM Alliance and Engineering Skills For The Future said, “we are giving industry the chance to open their doors and throw light on what skills the nation really needs to go about its business. The exchange of knowledge could be anything from a walk on the shop floor or introduction to your business to bite sized work shadowing, advice over the phone or the opportunity to attend an internal training session. This is about helping teaching practitioners understand business needs, the technologies in use and the challenges so they can shape their teaching to align with industry requirements.”
Edited from press releases by Claira Lloyd
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