Oil and gas industry announcements: 27 July 2015

Bullfrog Marina

Bullfrong Marina, a Delta marina in California, is pleased to announce that they are now using the Biobor EB fuel additive. The Marina’s fuel is pretreated with the additive. Bullfrog Marina is one of the only marinas in the California Delta to include the additive at no additional charge. The Marina also sells the additive in addition to offering it their fuel. Biobar EB is safe for all two and four cycle gasoline engines and provides a fuel stabiliser, system cleaner and performance enhancer, and also protection from the harmful effects of ethanol blended fuel.

KBC

KBC is pleased to announce the following trading update in relation to the half year results for the six months ended 30 June 2015 that will be released in September. Trading in the first half has been as anticipated. The firm’s order backlog, together with good visibility on the future pipeline of contracted work and software sales, gives the Board confidence that the Group’s performance for the full year will be in line with its expectations.

Since the AGM statement in June, KBC has continued to concentrate on its core offerings and strategic direction against difficult energy sector market conditions. Whilst there are certain slowdowns and discretionary cost reductions in some segments of the industry, from a KBC standpoint these are balanced by a shift in sector spending to operational efficiency and production optimisation initiatives, as well as stronger performance in parts of the refining segment due to improving refining margins. With its strengths in these areas, KBC is well placed to take advantage of this shift in investment.

KBR

KBR. Inc. has received an award associated with the Fort Hills Oilsands Mining Project. KBR won a reimbursable contract to provide construction services at the facility located 90 km north of Fort McMurray, Alberta. KBR’s scope includes onsite construction management and direct hire field construction services at the Fort Hills Secondary Extraction facility. This scope, which was awarded by SK E&C subsidiary Sunlake, follows KBR’s contract to perform a detailed constructability study for the project. The contract value has not been disclosed. Expected revenue from the contract is going to be included in KBR’s second quarter 2015 backlog of unfilled orders for the engineering and construction segment. Work on the projects has commenced and will be executed over the next 18 months, with completion expected in the first quarter of 2017.

Stuart Bradie, KBR President and CEO said, “we look forward to working closely with SK E&C in support of the critical Fort Hills Project. This is an important win with a key client and is indicative of KBR’s strategic commitment to maintaining a significant direct hire offering in Canada.”

Edited from press releases by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/refining/27072015/oil-gas-announcements/