Blog

Shearwater GeoServices awarded South Africa seismic project by Total

first_imgThe survey at block 11B-12B will be Shearwater’s first project offshore South Africa Source: Company Press Release Image: Shearwater GeoServices wins seismic project from Total. Photo: Courtesy of Shearwater GeoServices Shearwater GeoServices (Shearwater) has been given a conditional letter of award for a 2D seismic acquisition and fast-track processing project by Total E&P South Africa B.V.The survey at block 11B-12B will be Shearwater’s first project offshore South Africa. It has a base duration of 2 months starting in Q4 2019 and covers an initial program of 3,650 linear km. It will be acquired by the Multi-Purpose Vessel (MPV) SW Cook. The project includes fast-track processing facilitated by the vessel’s high-capacity onboard computer facility and experienced processing teams linked by satellite to client and project teams.“The SW Cook worked for Total in the North Sea this summer and we are very pleased to see it continue to acquire seismic for Total in South Africa on a project where we will also leverage the flexibility of our Processing & Imaging teams,” said Irene Waage Basili, the CEO of Shearwater GeoServices. “They will provide fast turnaround results to Total during the survey enabling rapid decision making.”The SW Cook is one of three MPVs operated by Shearwater. The vessel has been working throughout the North Sea summer season on 3D and 4D ocean bottom projects, including as a source vessel on Total’s 2019 North Sea 4D program. The MPVs are designed to work efficiently as a source, 2D, 3D, or ocean bottom vessel which enables greater utilisation and project flexibility.last_img read more

Bosch Rexroth and Barge Master introduce advanced autonomous landing systems

first_imgThrough advanced drive technology and digital sensors, these systems compensate for the movement of the ship and the sea, making them safer to use in adverse conditions The next generation of autonomous landing systems are designed for motion compensated gangways. (Credit: Bosch Rexroth AG) As automation technology becomes more sophisticated and vessel owners around the world prioritize the optimization of operational hours, Bosch Rexroth has developed a new autonomous landing solution which significantly improves both safety and performance.Landing systems are essential when it comes to transferring people and essential items between a vessel and an oil/gas platform or wind turbine generator. Through advanced drive technology and digital sensors, these systems compensate for the movement of the ship and the sea, making them safer to use in adverse conditions. However, manual control is still required when it comes to engaging the landing with the platform. Depending on the experiences of the operator as well as the weather conditions, this can become a challenging task.More safety comes with Bosch Rexroth’s new autonomous landing solution. Through a combination of sophisticated radar technology, cameras and sensors, the system automatically attaches the landing to the required site without the need for manual input. This means that the operation is consistent and reliable, regardless of weather and ocean conditions. Once connected, the landing utilizes the usual motion compensation which works alongside the vessel’s dynamic positioning system to ensure a safe, steady connection between the ship and the platform.“There are a number of benefits to the autonomous landing system,” says Rene Coppens, Business Development for Barge Master systems at Bosch Rexroth. “First of all, it’s a further improvement of safety. Perhaps most importantly though, our systems increases the available operational hours. Our system can work in difficult conditions and does not depend on availability of operators, so it can really improve the uptime. These three key benefits present a real step forward in autonomous landing solutions.”After years of research and development, and close cooperation between Bosch Rexroth, the Bosch research department and the partners at Barge Master, the autonomous landing solution is now available to order at new build vessels and should be available for retrofit later this year on the Barge Master motion compensated gangways.“We’ve seen a lot of interest in the systems already,” adds Coppens. “Customers can already see the potential in this kind of automation, and how it can have a real positive impact on their businesses.” Source: Company Press Releaselast_img read more

Vallourec, FORSSEA Robotics and iXblue to inspect subsea pipelines using drones and digital technology

first_img Inspection of subsea pipelines using drones and digital technology. (Credit: Florian Pircher from Pixabay.) Vallourec, a world leader in premium tubular solutions, is working with FORSSEA Robotics, a startup specializing in smart robotics and visual positioning, and iXblue,  a company recognized for its expertise in inertial navigation, subsea positioning and autonomous technologies – to develop a pipeline inspection solution combining subsea drones and the use of visual markers, removing the need for surface vessels.Traditionally, the inspection of subsea pipelines and structures requires the use of a surface vessel (manned or unmanned) with acoustic positioning used to monitor the deployment of Autonomous Underwater Vehicles (AUVs) or Remotely Operated Vehicles (ROVs). These subsea vehicles then collect the required information – such as a pipeline’s general aspect and route, anode consumption, free span, burial and crossing areas – using observation sensors.In order to reduce pipeline inspection operational costs, Vallourec, iXblue and FORSSEA decided to develop a solution using visual markers directly integrated on subsea pipelines that enables vessel-free subsea navigation.The project relies on barcodes placed on installed pipes, resulting in many passive positioning references logged with their own coordinates during the laying operation which will remain accessible throughout the life of the field. These markers would be used as navigation aids for subsea drones equipped with FORSEEA cameras and iXblue’s inertial navigation system that easily relay the pipelines’ locations to the operators thus removing the need for acoustic positioning systems and costly mother vessels. To remain visible to divers and subsea drones throughout the project’s lifespan, these markers are long-term resistant to marine growth and erosion.“This technology had already proven itself on large structures in the field”, said Jean-Guillaume Besse, Vallourec R&D project leader. “Back in January of this year, we did a first sea trial on much smaller surfaces – down to pipes of 6” in diameter – in the South of France. The tests were a success, proving that these markers, combined with iXblue’s and FORSSEA’s expertise, can be used to provide accurate subsea positioning without the need of acoustic systems”.This innovative inspection technology could be further enhanced when combined with existing digital solutions from Vallourec smart’s services portfolio. For example, the Smartengo Best Fit digital solution already associates a unique tag on each pipe to ease traceability, fit-up and pipeline construction.The advanced solution developed with FORSSEA and iXblue is a key milestone for future pipeline inspection and could be considered as a next step in the Vallourec.smart offering, further facilitating operators’ asset management. Source: Company Press Release Vallourec, iXblue and FORSSEA decided to develop a solution using visual markers directly integrated on subsea pipelines that enables vessel-free subsea navigationlast_img read more

Pioneer Natural Resources agrees purchase of Parsley Energy in $7.6bn deal

first_img The combined firm will have a production capacity of 558,000 barrels of oil equivalent per day (Credit: Pixabay/skeeze) Pioneer Natural Resources has agreed to acquire rival US shale producer Parsley Energy in an all-stock deal valued at around $7.6bn, including debt.It is the second major consolidation in the US shale patch this week, following ConocoPhillips’ acquisition of Concho Resources in a deal worth $9.8bn.Established in 2008, Parsley Energy is and exploration and production company focused on unconventional oil and gas reserves in the Permian Basin, which spans Texas and New Mexico. The acquisition is the latest in a wave of consolidations sweeping across the US shale industry Why Pioneer Natural Resources is acquiring Parsley EnergyParsley Energy’s combination with Pioneer Natural Resources will create a major independent producer in the Permian Basin.The combined firm will have an asset base of nearly 930,000 net acres with no federal acreage. As of the second quarter of this year, the enlarged company will have a production base of 328,000 barrels of oil per day and 558,000 barrels oil equivalent per day (boepd).According to Pioneer Natural Resources, the acquisition will boost its proved reserves by nearly 65%.The merger of the two Texas-based oil and gas firms is also expected to generate about $325m in annual cost savings via operational efficiencies and reductions in general, administrative and interest expenses.Pioneer Natural Resources president and CEO Scott Sheffield said: “This transaction creates an unmatched independent energy company by combining two complementary and premier Permian assets, further strengthening Pioneer’s leadership position within the upstream energy sector.“Parsley’s high-quality portfolio in both the Midland and Delaware Basins, when added to Pioneer’s peer-leading asset base, will transform the investing landscape by creating a company of unique scale and quality that results in tangible and durable value for investors.”Under the agreement, Parsley Energy’s shares will be exchanged for 0.1252 shares of Pioneer Natural Resources, in a deal that values the former at around $4.5bn excluding its debt, which Pioneer will assume.Parsley Energy president and CEO Matt Gallagher added: “With neighbouring acreage positions located entirely in the low-cost, high-margin Permian Basin, the industrial logic of this transaction is sound.“Furthermore, the Pioneer team shares our belief that a clear returns-focused mindset is the best tool to compete for capital within the broader market.“Sustainable free cash flow and growing return of capital are now investment prerequisites for the energy sector, and this combination strengthens those paths for our shareholders.”The deal, which is subject to meeting of customary closing conditions, regulatory approvals, and shareholder approvals, is expected to be completed in the first quarter of 2021.Earlier this year, Pioneer Natural Resources said it will slash its 2020 capital budget of $3bn-$3.3bn by nearly 45% due to lower oil prices and global financial uncertainty amid the coronavirus pandemic.last_img read more

Leaders completes major acquisition

first_imgHome » News » Agencies & People » Leaders completes major acquisition previous nextAgencies & PeopleLeaders completes major acquisitionLeaders last week completed its largest acquisition with a major seven-branch deal in Derbyshire.PROPERTYdrum1st July 20150628 Views Leaders has completed the purchase of Derby-based letting agent, IMS Lettings Limited, in its largest acquisition deal to date.The decision to buy IMS Lettings Limited follows Leaders’ recent purchase of Nottingham property sales and lettings firm PWR in April and significantly extends Leaders’ branch network in the East Midlands.IMS, which has been established for over 10 years, has offices in Derby, Duffield, Belper, Borrowash and Long Eaton.All the members of staff at IMS have joined Leaders under the Transfer of Undertakings (Protection of Employment) Regulations 2006, otherwise known as TUPE, whilst the firm’s vendor, Chris Griffin, has exited the company to focus on other business interests.Commenting on the sale of IMS, Griffin (right of the main pic) said, “I am confident that the business I have built over the last 10 years will have a secure and successful future as part of Leaders. In choosing a company to sell to it was crucial to me that my clients and staff would be well looked after and that the business would continue to be run in line with the high standards I have set and maintained over the last decade.“I know that with Leaders there will be many benefits to my staff who will have excellent opportunities to develop their careers. My clients will continue to receive an excellent service whilst also having access to a broader range of property services in many more locations. This is an exciting new chapter for the business and I’m looking forward to seeing how it develops under Leaders in the coming months and years.”Leaders’ Acquisitions Director, Matthew Light (left of the main pic), added, “This acquisition represents a significant milestone for us: it is our largest acquisition to date, bringing us into a new county and significantly extending our branch coverage in a new region. It also gives us a presence between Derby and Nottingham and provides us with the critical mass we need to grow our East Midlands region. We extend a warm welcome to our new staff and clients in Derbyshire and look forward to a successful future with them.“We intend to develop this region further in the same way that we develop our existing regions, by acquiring good quality businesses in those towns where we do not yet have a presence, as well as acquiring property portfolios to strengthen our established branches. We are always keen to hear from any business owners thinking of selling and can assure them a smooth and fair transaction.”Leaders, which now has 99 branches across the UK, is actively looking to further add to its expanding business through a combination of strong acquisitive and organic growth, supported in part by a £30 million expansion financing facility secured last year to support its continuing buy-and-build strategy.Writing exclusively for The Negotiator magazine recently, Paul Weller (right), CEO of Leaders, said that his firm will only consider acquiring what he described as “good quality businesses for acquisition”, which meet the following criteria:The business must have been established for a significant period of time and have built long-term goodwill with its client baseA significant proportion of the client base must be fully managed – the business must not be overly dependent on income that is not maintainable, such as from a single dominant clientClient accounts must be properly reconciled and deposits properly protectedAll documents relating to all tenancies must be in place and easily accessible. Tenancy Agreements and Terms of Business must be well drawn, contain no unfair terms and conditions and have been signed by all appropriate partiesAll documentation must be readily available to respond to due diligence enquiries in a timely mannerFinancial and management information needs to be completely up-to-date from the outsetFor existing estate agency proprietors potentially interested in selling their business, Weller offered the following advice, “The vendor should instruct a solicitor who has sufficient corporate and commercial experience, and capacity to handle the deal.This will save them money in the long run and make the process smoother; we have seen too many vendors appoint a local general practice single partner firm with insufficient commercial experience or resource to properly advise their client or keep to any agreed timescale.“Vendors should only consider selling to a purchaser with a good track record in acquisition and a reputation for acting fairly and proficiently. The process can be complicated and difficult – and there is a greater chance of the deal hitting hurdles or falling through – if the purchaser is not experienced and does not have the appropriate resources and procedures in place to ensure a smooth and efficient transaction.”IMS Lettings Limited Leaders Paul Weller acquisition PWR Chris Griffin July 1, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

Peers debate doubling of empty homes tax to force more into sales and rental markets

first_imgMany thousands of additional homes may be added to the sales and lettings market next year if new legislation being debated today in parliament becomes law.Peers are to complete the committee stage of the Rating (Property in Common Occupation) and Council Tax (Empty Dwellings) Bill this afternoon to consider allowing councils to double the premium they charge on their local council tax rate if a property is ‘long term empty’ or for more than two years.This would increase from 50% to 100% for homes not occupied for more than two years, peers have been debating during the bill’s first two readings in the Lords. It’s a measure that is part of attempts to help councils reduced the number of empty homes in the UK.“This means that local authorities will have the discretion to double the council tax bills of properties that have been empty for two years or more,” said Welsh peer Nicholas Bourne (left)He revealed during his speech that the existing measure of a 50% premium had already dramatically reduced the  number of homes that are long-term empty since it was introduced in 2010.The number of properties that are long-term empty has reduced by a third since then from 300,000 to 205,000 and that 90% of councils had introduced the 50% premium levy.“This is welcome, but we can do more. That is why, through the Bill, we are allowing local authorities to strengthen the incentive to bring empty homes back into use,” Lord Bourne said.During the same debate Liberal Democrat peer Baroness Pinnock (right) said two years was too short, and that in her area two thirds of empty properties had stood unused for less than two years, and therefore the threshold should be reduced.Like the existing regulation that introduced the 50% premium, there are several exemptions from the levy including for those in the Armed Forces away on tour, properties that are taking a long time to find a buyer or tenant and those of people have been taken into care.lord albourne baroness pinnock empty homes June 19, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » Peers debate doubling of empty homes tax to force more into sales and rental markets previous nextHousing MarketPeers debate doubling of empty homes tax to force more into sales and rental marketsCouncil Tax premium to be doubled from 50% to 100% after original measure helped release 95,000 empty homes back into use.Nigel Lewis19th June 20180820 Viewslast_img read more

Yopa founder Daniel Attia and LSL’s Ian Crabb step down from agency’s board

first_imgTwo key directors of hybrid estate agency Yopa have stepped down from its board including founder Daniel Attia and LSL’s CEO Ian Crabb (pictured, above).Attia has resigned his position as chairman to make way for former Countrywide boss Grenville Turner, who took up the reins of as chairman yesterday.In a statement from the company released to The Negotiator, its spokesperson said Attia will “remain an active, engaged and supportive shareholder in the company”, suggesting he no longer has a day-to-day or executive role.Attia founded Yopa with three others in 2015 including James and Andrew Barclay and David Jacobs. But only the Barclay brothers remain on the board along with CEO Ben Poynter and Manuel De Carvalho, CEO of dmg ventures, one of the agency’s key backers.Board exitAttia has been slowly exiting from the business after being replaced as CEO by Poynter in April 2018, but Yopa has not revealed why Crabb has exited the board.Industry sources have suggested that both their departures may have been the price to pay for Yopa’s most recent cash call, announced yesterday.As The Negotiator reported, the company raised an additional £16 million from dmg ventures and Savills investment arm Grosvenor Hill Ventures, taking the total invested in the business to over £90 million.It has also been suggested that Crabb’s departure may signal LSL’s exit from the company in which it has had a significant financial interest.ian crabb Daniel Attia YOPA August 22, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » Yopa founder Daniel Attia and LSL’s Ian Crabb step down from agency’s board previous nextAgencies & PeopleYopa founder Daniel Attia and LSL’s Ian Crabb step down from agency’s boardAttia will remain a ‘supportive’ shareholder as he makes way for Grenville Turner, but it remains unclear why Crabb has exited Yopa’s board.Nigel Lewis22nd August 201902,648 Viewslast_img read more

Selling a home ‘needs human input’, admits leading online estate agency

first_imgOne of the UK’s best-known hybrid estate agency firms has admitted that technology will never replace the need for human interaction within the property industry.Akshay Ruparelia, who has been featured frequently in national newspapers and daytime TV shows after starting up ‘£99 per sale’ online estate agency Doorsteps.co.uk aged just 19 years old in 2017, has told a business magazine that, despite his confidence in the online model, it will never replace traditional agents.“I don’t think the estate agent industry will ever be completely automated or technology based, without human interaction,” he told Forbes magazine.“But I do believe in a hybrid model, where local experts and consultants do the face-to-face work backed up by a digital infrastructure.“Technology means more power in the hands of the people, lower costs, better convenience and better processes; if someone can come in and use technology to disrupt the antiquated conveyancing market, for example, then I believe this can only be a positive thing.”InsaneRuparelia has been less kind in the past about traditional agents who use human interaction, describing high street fee levels as ‘insane’ during a BBC interview, and told Good Morning Britain TV show that charging 2% of a property’s sale value is ‘not right’.Doorsteps currently offers to sell a home for £99 including sales progression and portal listings, but excludes pretty much everything else including accompanied viewings, photos and floorplans.It does offer a service akin to a traditional agent, which it calls ‘Premium’ for £999 but paid upfront by the vendor.Read more about Doorsteps.Akshay Ruparelia online estate agencies doorsteps March 25, 2021Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Selling a home ‘needs human input’, admits leading online estate agency previous nextAgencies & PeopleSelling a home ‘needs human input’, admits leading online estate agencyDoorsteps founder Akshay Ruparelia tells magazine that technology will never replace the need for face-to-face interaction in estate agency.Nigel Lewis25th March 20210506 Viewslast_img read more

Navy to Put Armed Guards Aboard Thai Cargo Vessels

first_img View post tag: Aboard View post tag: vessels Share this article The navy will deploy armed guards aboard Thai cargo vessels travelling in the Gulf of Aden under its renewed anti-piracy mission set to star…(bangkokpost)[mappress]Source: bangkokpost, May 18, 2011; View post tag: Guards May 18, 2011 View post tag: cargo View post tag: Navy View post tag: put View post tag: Armed View post tag: Thai Back to overview,Home naval-today Navy to Put Armed Guards Aboard Thai Cargo Vessels View post tag: News by topic Navy to Put Armed Guards Aboard Thai Cargo Vessels View post tag: Navallast_img read more

Ukraine Retards BSF Modernization

first_img Ukraine Retards BSF Modernization View post tag: Retards The only Black Sea Fleet (BSF) diesel electric submarine Alrosa would unlikely attend the Caucasus-2012 strategic exercise…(rusnavy)[mappress]Source: Russian Navy, September 12, 2012; Image: Sevastopol View post tag: News by topic View post tag: Modernization View post tag: BSF Industry news View post tag: Naval View post tag: Navy September 12, 2012 Back to overview,Home naval-today Ukraine Retards BSF Modernization View post tag: Ukraine Share this articlelast_img read more