Displaying items by tag: Oil well

US: Argonaut Private Equity has acquired a well cement business following the bankruptcy of Texas-based BJ Services. The purchase retains 260 employees and procures company assets and equipment, including bulk plants and technical labs located in the field. No fracturing assets were acquired in the acquisition. It has rebranded the business as American Cementing.

“The addition of American Cementing to the Argonaut Private Equity portfolio combines our expertise in efficient operations management with our experience in the oil and gas industry,” said Steve Mitchell, Argonaut’s chief executive officer (CEO).

American Cementing services include laboratory testing, blending at the bulk plant and mixing and pumping operations at the wellsite. Additionally, the company offers acidising services and products that are intended to enhance production and remove well-bore damage to preserve well lifetime.

Qatar: Al Khalij Cement has signed a three-year deal to supply oil well cement to Qatar Petroleum. The agreement was signed by Qatar Petroleum’s Executive Vice President Projects, Engineering & Procurement Services Mohamed Al Marri and Qatari Investors Group chief executive officer (CEO) Raja Assili, according to the Qatar News Agency and the Peninsula newspaper. It was announced at the launch of Qatar Petroleum’s Tawteen program.

“We are delighted to have been selected by Qatar Petroleum for the supply of oil well cement. This represents an endorsement of the high quality standards of our production facility,” said Abdulla Bin Nasser Al Misnad, the chairman of Qatari Investors Group. Al Khalij Cement is a subsidiary of Qatari Investors Group.

Algeria: Aïn El-Kebira Cement Company has won the Algerian Quality Award for 2018. The government-issued award includes a prize of around Euro15,000, a trophy and a diploma of honour. The 1Mt/yr integrated cement plant is part of GICA Group, according to the El Moudjahid newspaper. The unit plans to start producing oil well cement in 2019. GICA Group exported 0.2Mt/yr of cement in 2018 and it plans to increase this to 0.8Mt/yr in 2019.

Kazakhstan: Gezhouba Shieli Cement has launched its 1Mt/yr oil well cement plant in the Kyzylorda region. 260 jobs have been created at the site and 48 of the local staff were trained in China. The project is a joint venture majority owned by Chinese investors with a minority stake from a local cement company. China Triumph International Engineering built the plant.

US: LafargeHolcim has received American Petroleum Institute (API) certification to produce oil well cement at its Holcim Theodore plant in Alabama plant. It says it is one of only four cement plants in the country with an API 10A Monogram and Q1 Quality Management System. Production of Class A oil well cement will start immediately at the site and the company plans to add Class H production in the future.

In order to earn the certification, LafargeHolcim spent more than a year in a process of investing in additional testing equipment, developing a quality management system, conducting internal audits and passing an audit by the API. Oil well cement is designed to meet demanding requirements. It is continuously tested for chemistry, thickening time, fluid loss, free fluid, rheology and compressive strength.

Production at the company’s Theodore plant will complement LafargeHolcim’s ability to maintain a consistent supply of oil well cement to customers in the Gulf region and beyond. The company also produces API A and H well cements at its Joppa cement plant in Illinois.

Qatar: Al Khalij Cement Company has obtained certification from the American Petroleum Institute (API) to produce oil well cement. The certification allows it to make Grade (s) HSR class G oil well cement at its Umm Bab plant, according to the Gulf Times newspaper. The API has awarded Al Khalij Cement a three-year licence to apply the API monogram on its products. 11 other companies are certified to produce by the API to produce oil well cement in the Middle East.

US: LafargeHolcim has upgraded its terminal at Weirton in West Virginia following a 10-year furlough. The site will be used to store and distribute oil well cement products for markets in the Appalachian region.

“We have made a significant investment in the Weirton terminal in direct response to the growing needs of our energy industry customers. Demand for access to our oil well cement has increased dramatically, yet existing distribution channels had grown congested,” said Jamie M Gentoso, chief executive officer (CEO) of US Cement operations.

The upgrade project included expanding the site, building a new water-based off- loading facility and restoring its silos. During the work LafargeHolcim collaborated with the Army Corps of Engineers, the West Virginia Department of Commerce, the Business Development Corporation of the Northern Panhandle and the local community. In addition, the company worked closely with the West Virginia Department of Environmental Protection and Environmental Protection Agency to assure all operating and environmental permits were in place. As part of this collaboration, LafargeHolcim has also been granted additional funding for surrounding site infrastructure improvements and build-out through the conditional grant program known as the West Virginia Industrial Access Road Program (IAR).

Kazakhstan: Gezhouba Shieli Cement plans to commission its 1Mt/yr plant in the Kyzylorda region in December 2018. The US$188m unit will be used to produce oil well cement, according to Interfax. The project is a joint venture majority owned by Chinese investors with a minority stake from a local cement company. The plant is being built by China Triumph International Engineering.

Egypt: Egypt Petroleum Technology (EGYPTCO) has received bids from US, Canadian and Saudi Arabian companies to finance two oil well cement production projects with a value of US$500m. An agreement is expected to be reached by mid-2018, according to the Egypt News Daily newspaper. The company is seeking to reopen an existing cement production line and build a new plant to produce both specialist cement and additives.

UAE: Gulf Cement has received certification from the American Petroleum Institute to produce oil well cement. Its sales revenue fell by 8% year-on-year to US$153m in 2016 from US$167m in 2015 and its profit fell by 30% to US$13.6m from US$19.4m, according to Mubasher. The cement producer operates a plant in Ras Al Khaimah.