INDUSTRY NEWS
INEOS COMPLETES DEAL TO ACQUIRE DEA UK NORTH SEA GAS FIELDS
INEOS has completed the purchase of the North Sea natural gas assets of DEA Deutsche Erdoel AG, which is owned by L1 Energy. The platforms, infrastructure and the highly skilled team that runs them will form part of the new INEOS Breagh business division that will be based in London.
The transaction includes interests in the Breagh and Clipper South gas fields in the Southern North Sea. The annual production from the fields acquired in this deal account for 8% of the UK’s annual gas production, enough gas to warm 1 in 10 British homes.
INEOS has recently announced its intention to become the leading UK player in onshore gas development and, as part of the company’s growing interest in energy production, is now evaluating additional opportunities offshore.
As part of the company’s ongoing strategic business planning, INEOS AG has set up a new oil and gas subsidiary and is working with a number of top class North Sea oil and gas professionals. This group will continue to review potential opportunities in the North Sea to assess their suitability in the development of the business.
NORTH STAR SHIPPING AWARDED PRESTIGIOUS HEALTH AND SAFETY MANAGEMENT AWARD
North Star Shipping has won a prestigious Sword of Honour from the British Safety Council. The company, which has the largest, wholly-owned British fleet engaged in the UK offshore industry, is a division of the family-owned global shipping and energy services firm, Craig Group.
North Star Shipping is one of 61 organisations worldwide, and one of only two in the North East of Scotland that achieved a Sword of Honour which is awarded to organisations that have demonstrated excellence in the management of health and safety risks at work.
In order to compete for the Sword of Honour, an organisation first had to achieve the maximum five stars in the British Safety Council’s health and safety management audit scheme in the period between August, 2014 and July, 2015. They have also demonstrated to an independent panel of experts that they are excellent in their health and safety management throughout the business from the shop floor to the boardroom.
“This is a major industry endorsement for North Star Shipping and all the efforts of
our masters, crew and HSEQ team who go above and beyond Craig Group’s Flying the Flag for Safety, Service and Quality. I would like to congratulate everyone involved across the business in working to achieve such a well-respected award.
“The Sword of Honour represents the pinnacle achievement in the world of health and safety management and as such, it reinforces Craig Group’s ongoing commitment to maintaining a living safety culture across our entire business. Safety beyond compliance is at the heart of everything we do, ensuring that we work by best-in-class standards for colleagues and clients alike.”
Douglas Craig, Chairman & Managing Director of Craig Group.
Mike Robinson, Chief Executive of the British Safety Council, said: “Our warmest congratulations to 61 of our member organisations who have won the Sword of Honour and the eight organisations who have won the Globe of Honour. These awards
recognise and celebrate the excellence of the winning organisations and their employees in managing health, safety and environmental risks.
“All of the Sword and Globe winning organisations share a commitment and resolve to achieving the highest standards of health, safety and/or environmental management. We are delighted that they are partners in helping achieve our vision that no one should be injured or made ill at work.”
North Star Shipping operates and manages Craig Group’s fleet of 35 offshore support, ROV survey, tanker assist, and emergency response and rescue vessels which provide 24/7 support to over 50 installations in the North Sea.
Aberdeen-headquartered Craig Group remains one of Scotland’s top 100 companies, is in the Sunday Times Top Track 250 list of UK private mid-market companies and the top 15 of offshore service companies in the North Sea.
January 2016 |
www.sosmagazine.biz | p17
We are pleased to have completed the deal to acquire this strong portfolio of natural gas assets and bring on board a highly successful and experienced North Sea industry team.
Geir Tuft, CEO of INEOS Breagh.
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