Page 14 - EurOil Week 27 2019

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NEWS IN BRIEF
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Snam eyes Chinese pipeline investment
Italian gas company Snam is looking to partner with or invest in China’s future national oil and gas pipeline operator, Frabrizio Palermo, CEO of Italy’s Cassa Depositi e Prestiti sovereign wealth fund told a Milan forum on July 10, according to Reuters.
China plan to create a single nationwide operator so that its state-owned oil and gas producers can separate the cost of pipeline transportation from the sale of oil and gas.
Equinor extends lease for Eidesvik vessel
Norway’s Equinor has extended its lease
of a platform supply vessel (PSV) owned by Eidesvik O shore for another six months a er its contract expires at the end of August. e 6,200-deadweight tonnage, LNG-powered vessel known as Viking Avant was built in 2008.
Norwegian seismic firm names new CFO
O shore seismic Magseis Fair eld has appointed Mark Ivin as Chief Financial O cer (CFO). He will take his position e ective September 2019, succeeding interim CFO Kevin Crosby.
According to Magseis Fai eld, Ivin has more than 20 years’ experience in nance and management roles, most recently as CFO of Get AS, a leading berbased broadband and TV provider.
Previous positions include Finance Director at Statkra , a leading company in hydropower internationally and Europe’s largest generator of renewable energy,
Partner at PwC and Senior Manager at
EY, both in Oslo, Norway, as well as Finance Manager at Hughes Space & Communications in Los Angeles, California, USA.
Ivin is also on the board of directors of Oslo Børs listed Infront ASA, a global market data, news, analytics and securities trading tool company.
Per Christian Grytnes, CEO of Magseis Fair eld said:”Mark Ivin brings with him substantial experience from technology- driven organizations with growth, M&A, integration, operational excellence and value creation high on the agenda. His capabilities
t well with our strategy and we look forward to welcome him onboard.”
Ivin holds a Master of International Management degree from underbird Graduate School of International Management, Arizona, USA, and a Bachelor of
Science in Business Administration from University of Denver, Colorado, USA.
UK’s Unite strikes deal to
end St Fergus gas plant
dispute
e UK’s Unite trade union on June 10 said it had secured a deal resolving a dispute over health and safety standards for its construction workers at the St Fergus gas plant in the North Sea.
Unite had threatened to vote on taking industrial action a er the Wood Group rescinded a long-standing payment for permit holder workers who receive a daily wage to carry out safety duties at the plant, located in eastern Scotland.
Croatian energy firm launches bid for port
Croatia’s energy and logistics group Energia Naturalis (ENNA) said on July 10 it was making a bid to buy all remaining shares in the Adriatic port operator Luka Ploce. e
company currently has a 25.6% stake in the operator.
ENNA is o ering to pay 412 kuna ($63) for each of the 314,605 outstanding shares in Luka Polca, it said in a Zagreb bourse ling. e o er will remain valid for 28 days. ENNA was acquired to make the bid in January a er raising its holding in the port operator above 25%, requiring it to publish a takeover o er under Croatian regulation.
ENNA pro ts fell to 153mn kuna ($23.3mn) in 2018, from 189mn kuna ($28.8mn) in 2017. e company operates in gas distribution and supply, oil product trading, renewable energy, technology, transport and general investment.
Poland needs to expand its
pipeline infrastructure, says
grid operator
Russia’s dirty oil crisis highlights Poland’s need to expand its pipeline infrastructure, the CEO of Polish pipeline operator PERN said on July 9.
Russia had to halt oil supplies to eastern Europe and Germany in April a er millions of barrels of crude oil were contaminated with organic chlorides, leaving re ners forced to nd alternative supplies or dip into their strategic reserves.
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Week 27 11•July•2019