INDUSTRY NEWS
M² SUBSEA APPOINTS US GENERAL MANAGER AND SENIOR VICE PRESIDENT OF COMMERCIAL
The US operation of M² Subsea has announced the appointment of a new general manager and senior vice president of commercial as the firm embarks on the next stage of its growth strategy.
Based in Houston, Paddy Hardey (pictured) will be responsible for implementing the firm’s global commercial and contracting principals to ensure the strategic development and continued growth of the fledging subsea company.
Overseeing the Woodlands, Texas, based US business and all commercial, tendering activity and contract negotiations across M² Subsea’s core business functions, Hardey will focus on the successful delivery of work for the firm’s key clients across the globe.
His appointment follows a series of major developments within the business including the opening of a UK base in Aberdeen and the firm’s plans to create over 50 onshore and 100 offshore jobs by the end of the year.
“This is a crucial time for our company,” said Mike Arnold, CEO of M² Subsea. “We have invested significantly in building a robust management team in recent months and this latest appointment forms an important part of our business strategy as we look to capitalise on opportunities going forward.
“We are committed to growing and maintaining our reputation for providing high quality ROV services to our clients across the globe, delivering OPEx cost- savings without compromising on safety or quality. Paddy’s expertise and knowledge will be invaluable towards achieving our plans for continued growth in the coming years.”
Hardey brings with him a wealth of experience in business management having held a number of senior level roles in the oil and gas industry. Most recently, he was commercial manager of Bibby Offshore’s North American subsea division, where he played an integral role in growing the company’s global footprint, establishing business links in a number of emerging
regions. Prior to this, he was Commercial Manager for Halliburton’s Pipeline and Precommissioning business in Aberdeen.
Commenting on his appointment, Mr Hardey said: “M² Subsea is a company with enormous potential in today’s market. This is a fantastic new challenge for me and I am delighted to be joining such a high calibre senior team with a clear determination to succeed.”
DNV GL AND NATIONAL GRID WIN CONTRACT FOR A LOWER CARBON FUTURE BILLING METHODOLOGY
The Office of Gas and Electricity Markets (OFGEM) has awarded National Grid Gas Distribution Ltd, in partnership with DNV GL, a major new innovation contract which will seek to improve the way gas bills are calculated, and enable the use of lower carbon alternative gases to fuel the homes and businesses of the future.
Unlike electricity, gas must be measured first in volume terms and then have its energy content assigned. The £4.8m, three-year contract seeks to explore ways in which the energy content of gas could be specifically assigned rather than use the present flow- weighted average calorific value. The aim of this project is to help unlock the full potential of the gas network to distribute renewable and low carbon alternative gases, helping to deliver an affordable low carbon energy future for consumers.
David Parkin, Director of Network Strategy p10 |
www.sosmagazine.biz | May 2017
at National Grid Gas Distribution, said: “OFGEM’s decision to award National Grid £4.8 million for this programme reflects how serious the UK’s gas grids are about delivering low carbon heat, as well as delivering a sustainable gas future which works for consumers as well.”
Hari Vamadevan, Regional Manager UK & Ireland, DNV GL - Oil & Gas, said: “We believe gas has a key role to play
as an affordable and cleaner energy source. However, times have changed and renewable gases are increasingly being introduced into the grid, requiring more accurate billing methodologies. This project with National Grid will give new insights on the financial consequences of new billing methodologies for gas consumers, and will help give confidence in gas pricing based on energy content.”
The United Kingdom has been dependent on
North Sea gas since the 1970s, with regulations and billing regimes designed for this source of gas.
The supply market is
changing rapidly with liquefied natural gas (LNG) imports making up 18% of supply in 2015.
By 2030, hydrogen, biomethane and bio-substitute natural gas from a large number of sources could account for 10% of domestic gas usage and the distribution network has to be able to accommodate the differing constitution.
www.dnvgl.com
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