More oil and gas industry announcements: 24 February 2015

Asset Guardian Solutions

Asset Guardian Solutions Ltd (AGSL) has secured a deal with an oil and gas supermajor in Perth, Western Australia. The contract is the third to be awarded to AGSL in the country during the last two years. It requires AGSL to provide Asset Guardian, a process software management toolset that protects the integrity of process control software used to operate key oil and gas assets.

Initially the software will be used during the commissioning phase of a new LNG development that is nearing completion off the northwest coast of Australia. The specialist software will manage process software configuration changes and all control system hardware associated with the project. It will also provide the plant operator with a secure repository to store software files and associated data.

Ecopetrol

Ecopetrol has announced the proven reserves of crude oil, condensate and natural gas owned by the company, including its interest in affiliates and subsidiaries, as of December 31, 2014. Reserves were calculated based on US Securities and Exchange Commission (SEC) standards and methodology, and 99% were audited by two different independent reserve engineering firms. Proven net hydrocarbon reserves owned by Ecopetrol, including its interest in affiliates and subsidiaries, as of December last year, were 2.084 million boe, a 5/7% increase compared to 1.972 million boe in 2013.

Last year the company added 355 million boe to its proven reserves, as increased over the 340 million boe reported in 2013. Production for 2014 was 243 million boe. The reserve replacement ration last year was 146%, up from the 139% reported in 2013. The reserves/production ration increased to 8.6 years.

Eco Petroleum

Eco Petroleum Solutions, Inc. has announced that it has formally established a new subsidiary, to be called Petrogistics, Inc., effective immediately. The new company is established to be involved in the trading, brokerage, distribution and other related fields for motor oil, and other petroleum products, including crude oil. Along with its recently acquired other subsidiary, Bottled Brands, LLC, it gives Eco Petroleum a viable base for new revenues.

Gazprom

Gazpromneft Marine Bunker, operator of Gazprom Neft’s marine fuels and bunkering business, has confirmed year end sales of approximately 4 million t last year, an increase of 25% year on year. On board refuelling volumes increased by 43% to 3.1 million t. Andrey Vasiliev, CEO said, “the company’s strategic priorities in 2115 remain the supply of high quality fuel, provision of services consistent with international standards, expansion of our own fleet, and extension of the terminal network. Starting this year, we will be paying particular attention to modernising the infrastructure of our terminal complexes, allowing us to optimise the logistics of delivering fuel and continue to improve the quality of our service.”

Swift Filters

Swift Filters, Inc. has acquired JB Services International, Inc., a Houston based manufacturer of high pressure filter housings sold to the oil and gas, chemical processing, automotive manufacturing and other markets. The purchase marks the entry of Swift Filters, a rapidly growing manufacturer of industrial filter elements, into the filter housing manufacturing business. JB Services is now part of a newly created division of Swift Filters, Swift-JB International, LLC. Swift-JB’s T-Type high pressure filter assemblies have been proven in use for over 25 years in extreme environments.

Edited from press releases by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/refining/24022015/more-o-g-announcements/