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Oil and gas industry announcements: 9 January 2015

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Aegean Marine

Agean Marine Petroleum Network Inc., has announced that it will launch physical supply and marketing operations in Germany this month. Operations will include the physical supply of marine fuels and lubricants to all German ports and will be based out of Hamburg, the second largest container terminal in Europe. To support its local German operations, Aegean has assumed the contracts for two modern, double hull bunkering barges previously under charter to OW Bunker and approximately 20 000 m3 of onshore storage capacity. The company has also established a marketing and business development office in Hamburg for the shale and marketing of marine petroleum products throughout the Aegean network and to customers on a worldwide basis.

BP

BP Natural Gas Opportunity Partners, LP, a private equity fund sponsored by T. Boone Pickens, has committed US$20 million to Pinnacle Midstream, LLC, a Houston based midstream company that will primarily acquire and develop midstream assets and provide related services in key natural gas producing basins in the US. Pinnacle is led by founder and CEO, J. Greg Sargent, who has over 30 years experience in operations and senior management in the natural gas midstream space. Prior to Pinnacle, he was founder and CEO of TransTex Gas Services. Sargent and a small group of industry leaders have committed an additional US$5 million of capital to Pinnacle.

ConocoPhillips

Nielsen Norman Group has announced the winners of their Best Intranet Design Annual Award for 2015. The award distinguishes the most innovative intranet designs that deliver greater business productivity. Among this year’s winners is ConocoPhillips for their new SharPoint2013 Intranet ‘The Mark’, designed and built by BrightStarr.

The new intranet project at ConocoPhillips was initiated following a growing awareness that their previous solution was no longer fit for purpose. Their intranet had become a fragmented silos of information within an outdated navigational structure, making it difficult for employees to find what they needed quickly. With this impacting the bottom line for the company, they recognised a perfect opportunity to reinvigorate this essential digital tool. The new design focused on improving navigation, increasing the findability of information, and enhancing user experience in the intranet.

STW

STW Resources Holding Corp. has announced plans for expansion of the STW Energy subsidiary. 2014 was a banner year for STW Energy. The company added several new crews and equipment in the fourth quarter and achieved a consistent annual run rate of US$6 million in revenues while achieving positive EBITDA by year end. Energy plans a continued strategy while continuing to closely manage all costs such that it maintains profitability throughout 2015.

energyglobal

Zhejiang Yaang Pipe Industry Co., Limited

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