Oil and gas company news: 15 Oct 2014

BG

BG Group has announced the appointment of Helge Lund as Chief Executive and as an Executive Director with effect from 2 March 2015. Helge is currently the CEO of Statoil. Over the past 10 years, Helge has led the transformation of the business into one of the world’s leading oil and gas companies. His decision to step down from Statoil to join BG Group has been announced today (October 15.)

Andrew Gould, Chairman, BG Group commented, ‘Helge’s track record speaks for itself. He has built a world class exploration and production portfolio at Statoil, and the company is now widely admired for its technical expertise, financial performance and strong, values based culture. Helge is ideally suited to lead BG Group in the next phase of its growth, and to accelerate the creation and delivery of value for our shareholders, while delivering the Group’s business plans. The board and I are delighted to have secured his appointment.’

Ecolab

Nalco Champion, an Ecolab Company, has opened a new manufacturing plant on Jurong Island, Singapore. The new 106 000 m2 site will supply chemistry solutions for oil and gas companies in the Eastern Hemisphere, helping to increase delivery speeds to customers. Construction of the facility, which totalled approximately 3 million man hours, was completed with zero injuries. Earlier this year, Nalco Champion and Jacobs Engineering, which led construction of the site, jointly won a Workplace Safety and Health award from the Ministry of Manpower Singapore; the award recognises companies and individuals for their commitment and outstanding performance in workplace health and safety.

Steve Taylor, Ecolab executive vice president and president, Nalco Champion, said, ‘this new site provides us with an important competitive advantage that will enhance our service to customers and promises to support continued growth for Nalco Champion. The facility features the latest production technologies to ensure consistent quality and safety performance, and will be staffed by knowledgeable and well trained employees.’

IBM

IBM has recently announced that Go Green Global Technologies Corp., and IBM Global Business Services have partnered in order to collect and analyse diesel use data. The purpose of this project is not only to collect data but to also increase awareness of investor’s achievement, the Sonical device. IBM will be introducing the device as part of a strategy towards the reduction of global pollution levels.

Mario Pandolfo, cofounder, Go Green Global Technologies Corp. said, ‘when I first made my discovery the price of fuel was significantly lower. My goal was to reduce emissions. Today the effect we have on fuel not only provides a significant emissions reduction but also has the added benefit of increased fuel economy delivering a meaningful cost saving.’

Kinder Morgan

Kinder Morgan Energy Partners L.P has announced an expansion project at its Pasadena and Galena Park terminals that will provide additional infrastructure to help meet growing demand for refined product storage and dock services along the Houston Ship Channel. The combined investment of approximately US$ 240 million will include the construction of 2.1 million bbls of storage between the two terminals. Kinder Morgan will also construct a new ship dock capable of handling ocean going vessels and infrastructure improvements at its Galena Park terminal that will significantly increase the vessel load rates across the existing ship docks. The project is backstopped by long term contracts with existing customers. The new ship dock and the existing Galena Park ship docks will be capable of loading vessels at rates up to 15 000 bph.

John Schlosser, president, Kinder Morgan Terminals said, ‘the new tankage will provide refined product producers and traders the ability to send more barrels to the water for international exports or to the network of pipelines for domestic use. Kinder Morgan will now have nine ship docks on the Houston Ship Channel and will double the load rates on existing docks. We see continuing strong demand for transporting fuel to the Gulf Coast to reach export markets.’

Edited from press releases by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/15102014/oil-gas-company-news-15-oct/