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Oil and gas industry announcements: 17 February 2015

Hydrocarbon Engineering,


CH2M Hill

The Florida Department of Environmental Protection recently selected the CH2M Hill operated Key West Richard A. Heyman Wastwater Treatment Plant to receive its 2014 Plant Operations Excellence Award. The award is presented annually to facilities that demonstrate a commitment to excellence in management, operations and maintenance. CH2M Hill performed original facility design and construction management of the plant in 1988 and has since provided operations and maintenance services at the 10 million gal./d extended aeration activated sludge plant.

Chevron

Chevron Corporation has reached a settlement agreement with James Russell DeLeon, the principal funder of the fraudulent lawsuit against Chevron in Ecuador. Chevron brought claims against DeLeon in Gibraltar, where DeLeon maintains a residence, for his role in funding and advancing the fraudulent lawsuit. In the settlement, DeLeon has resolved those claims by withdrawing financial support from the Euador litigation and assigning his interests in the litigation to Chevron. Chevron, in turn, has agreed to release all claims against DeLeon. In filings with the Gibraltar court, DeLeon previously disclosed having invested approximately US$23 million in the case in exchange for an approximate 7% stake in the US$9.5 billion Ecuadorian judgment against Chevron. DeLeon’s funding entity, Torvia Limited, and his associate, Julian Jarvis, are also parties to the settlement.

R. Hewitt Pate, Chevron’s Vice President and General Counsel said, “we are pleased that yet another long term supporter has ended his association with this scheme. Chevron will continue to hold accountable those who associate themselves with this fraudulent litigation.”

Dresser-Rand

Dress-Rand Group Inc. has been notified that the European Commission will be initiating a Phase II review of the company’s proposed merger with Siemens. The company still expects the transaction to close in the summer of this year, or earlier, subject to regulatory approval in Europe and certain other jurisdictions, and the satisfaction of other customary closing conditions. The transaction has received regulatory approval in the US, Brazil, Canada, Russia and South Korea.

GEP

GEP has announced that a leading Canadian oil and gas company has selected SMART by GEP, the company’s cloud native sourcing and procurement software platform. The producer has a production capacity of over 100 000 boe/d and a market capitalisation of over US$10 billion. The company will be deploying SMART by GEP’s spend analysis and contract management functionality initially. SMART is a complete source to pay software platform, native to cloud, touch and mobile technologies.

Offered as Software as a Service (SaaS), SMART leverages cloud economics to deliver a solution that easily handles the heaviest processing requirements of GEP’s Fortune 500 and Global 2000 clients, while eliminating burdensome infrastructure and support costs.

John Crane

John Crane has announced the expansion of its service super centre in Singapore plus the opening of two facilities in Malaysia: a sales and service office in Kuala Luper and a service centre in Bintulu. These investments allow John Crane to respond faster to local customers’ service needs, increase hands on training offered to customers, and improve the transfer of technical expertise and knowledge within the region.

Sandvik

Olof Faxander, President and CEO of Sandvik has been nominated for the Diversity Award – CEO driving Diversity, run by Sweden’s leading Management Magazine ‘Manager.’ The motivation for the nomination is ‘Olof Faxander has from a business perspective clearly linked diversity to the business strategy and has with a structured way of working within the entire organisation contributed to clear results.’


Edited from press releases by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/refining/17022015/oil-gas-ind-announce/


 

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