August | 2020 | | Petropipe

McDermott Awarded FEED Contract by Delta Offshore Energy for Gas Pipeline in Vietnam

McDermott International Ltd. announced it has been awarded a contract by Delta Offshore Energy to provide front-end engineering design (FEED) services for a subsea gas pipeline. The pipeline will connect a regasification platform, located approximately 22 miles (35 kilometers) offshore, to the planned 3,200 MW power plant in Bac Lieu Province, Vietnam.

McDermott has also been awarded the pre-engineering geotechnical and geophysical survey services being carried out as a part of the FEED scope.

McDermott’s Houston office is leading engineering services—supported by its Kuala Lumpur office, which has a long track record of delivering solutions to customers in Vietnam. McDermott will perform project management, execution planning and estimation services. Installation studies will be performed by McDermott’s marine operations.

“This award illustrates the confidence Delta Offshore Energy and its partners have in McDermott’s ability to deliver a turn-key EPCI solution for the subsea gas pipeline FEED scope for its Sisyphus project,” said Mark Coscio, Senior Vice President for North, Central and South America. “We look forward to expanding our partnership and achieving a successful outcome.”

McDermott’s extensive experience in Vietnam and recent work for Delta Offshore Energy were key factors for this contract win. McDermott has more than 20 years of experience working in Vietnam and will leverage its relationship with local partners to smoothly execute the scope. Three months prior to the award, McDermott commenced a project feasibility study for the project, which was converted into the FEED.

McDermott anticipates the FEED contract will be converted into an EPCI contract in the first quarter of 2021.

Source: McDermott

SUEZ TO EQUIP WORLD’S LARGEST MABR WASTEWATER-TREATMENT SYSTEM IN CANADA

Suez Water Technologies announced that the Region of Waterloo (Canada) has selected SUEZ’s ZeeLung technology to equip what will be the largest Membrane Aerated Biofilm Reactor (MABR) system in the world at the Hespeler Wastewater Treatment Plant, in Ontario. The innovative technology will support the regional government’s objectives to deliver better water quality while improving nutrient removal, reducing energy and maximizing the treatment capacity and performance from existing assets.

“This is a first-of-its-kind project for Canada that will demonstrate ZeeLung’s benefits: the ability to quickly and easily upgrade existing wastewater treatment plants on a cost-effective basis, with little disruption to on-going operations,” said Kevin Cassidy, executive vice president engineered systems for SUEZ – Water Technologies & Solutions. “The technology allows customers to increase the treatment capacity of their plants, for a better water quality in a compact footprint while also reducing energy consumption.”

ZeeLung technology is used to upgrade conventional activated sludge plants for nutrient removal and capacity expansion. ZeeLung employs a gas permeable media to deliver oxygen to a biofilm that is attached to the media surface. Oxygen is delivered through the media by molecular diffusion, which is done without the use of bubbles. In conventional wastewater treatment, 60% of the energy used is consumed by blowers that deliver bubbles to provide the oxygen necessary for the biological process. With ZeeLung technology, oxygen is delivered without bubbles, which reduces the energy required for oxygen transfer by up to 4-times. This allows plants to significantly reduce their energy footprint while also increasing capacity and improving treatment quality.

The Region of Waterloo, in southwestern Ontario serves a total population of more than 600,000 people using its 13 wastewater treatment plants to process 180 million litres of wastewater per day. To meet the projected population growth, the secondary treatment process of the Hespeler plant has to be upgraded. The new contract follows an 8-month pilot which demonstrated the ZeeLung technology and refined the design for full-scale implementation.

When commissioned in 2021, the 9.34 MLD upgrade will be the largest implementation of MABR technology in the world.

Source: Chemical Engineering

Saipem: MoU signed with AGNES and QINT’X to develop one of the first wind farm in the Adriatic Sea

Saipem will co-develop a wind farm in the Adriatic Sea off the coast of Ravenna. The company thus confirms its increasingly active presence in the field of initiatives linked to the development of offshore wind and its presence in the sector also in Italy. To this end, it has recently signed a Memorandum of Understanding (MoU) with AGNES (www.agneswindpower.com), a company that develops renewable energy projects in the Adriatic Sea, in particular offshore and nearshore wind farms, floating solar panels at sea, energy storage systems and hydrogen production from renewable sources, and QINT’X (www.quintx.com), an Italian company specialising in renewable energy, specifically solar, wind and hydroelectric energy and e-mobility (electric vehicles).

This project will involve the installation of approximately 56 turbines on fixed foundations on the seabed at two different sites: one located more than 8 nautical miles from the shore, and the other more than 12 miles from the shore. The overall installed power will be approximately 450 MW. As part of this project, innovative technologies will also be used such as floating solar technology based on the proprietary technology of Moss Maritime, which is part of Saipem’s XSIGHT division dedicated to developing innovative solutions to speed up decarbonisation process in the energy sector. In this respect, the XSIGHT division has already begun developing integrated solutions for using renewable energy and for producing “Green” hydrogen. The Agnes project will be the first project to develop such integrated solutions, offering the opportunity to find an alternative solution to decommissioning O&G platforms in the Adriatic Sea.

This project will be implemented in a highly industrialised area and the local industry will be involved in supporting it.

Source: Saipem

DEME Offshore awarded a substantial EPCI contract for the inter-array cables at the Dogger Bank A and Dogger Bank B wind farms in the UK

DEME Offshore has been awarded a substantial (1) EPCI contract for the inter-array cables at the Dogger Bank A and Dogger Bank B wind farms in the UK, the first two phases of the 3.6 GW Dogger Bank Wind Farm which is the world’s biggest offshore wind farm under development.

The far-reaching scope includes the engineering, procurement, construction and installation of the subsea cables for the combined 2.4 GW wind farm. DEME Offshore will supply, install and protect 650 km of 66 kV inter-array cables and all related accessories.

Dogger Bank Wind Farm is located more than 130km off the North East coast of England and is currently being developed in three 1.2 GW phases by joint venture partners SSE Renewables and Equinor. Dogger Bank will be the world’s largest offshore wind farm when complete and will generate enough energy to power over 4.5 million homes every year – around 5% of the UK’s electricity needs.

Production of the cable for Dogger Bank A and Dogger Bank B will start in 2021 and will be installed using our state-of-the-art DP3 cable installation vessel ‘Living Stone’. She was selected based on her huge cable capacity of more than 10,000 tonnes, and proven track record. This unique vessel boasts a DEME-designed dual lane system, consisting of two cable highways – one for laying the cable and one where the next cable can be simultaneously prepared and have the cable protection system (CPS) installed. This significantly reduces the time needed for preparing the cables, minimises manual handling, increases the vessel’s workability and ultimately, improves production rates. DEME Offshore will work closely with SSE Renewables and Equinor to engage with the UK supply chain in the delivery of the project.

Bart De Poorter, General Manager DEME Offshore, comments: “We are very proud to have been awarded this exceptional project, which represents the largest ever inter-array cable contract in the world to date. The renowned cable-laying capabilities and stellar reputation of ‘Living Stone’ were key factors in securing this important contract.”

Steve Wilson, Dogger Bank Wind Farm’s Project Director at SSE Renewables, says: “We are delighted to welcome DEME Offshore to the Dogger Bank project to undertake the manufacturing and installation of the 66 kV inter-array cables for Dogger Bank phases A and B in what is the largest ever inter-array cable order of its type. DEME, using its state of the art ‘Living Stone’ vessel, has a proven track record in delivering large inter-array cable scopes, and this experience and capability will be essential to successfully install the 650 km of cable required for Dogger Bank A and B.”

Halfdan Brustad, Vice President for Dogger Bank at Equinor says: “Dogger Bank Wind Farm is pioneering new technology, and at the forefront of scaling up significant energy infrastructure. This contract, for the largest ever order for inter array cables, demonstrates the sheer scale of this project: when complete it will be able to generate around 5% of the UK’s electricity needs with power from the wind. The dual lane system on the ‘Living Stone’ means we can reduce the time needed to install the cables, which for a project of this size greatly helps to reduce costs.”

The contract with DEME Offshore is subject to joint venture partners SSE Renewables and Equinor reaching Financial Close on Dogger Bank A and Dogger Bank B, expected in late 2020.

Source: DEME

L&T Hydrocarbon Engineering signs MoU with NTPC for CO2 to Methanol Plants

L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T), has signed a memorandum of understanding with NTPC Ltd., a Maharatna PSU on 19th August 2020, wherein LTHE shall be the Engineering, Procurement and Construction Management partner to build CO2 to Methanol demonstration Plant in NTPC Power Station.

MoU was signed by Mr. Subramanian Sarma, Whole Time Director and Senior Executive Vice President (Energy) and Sh. Ujjwal Kanti Bhattacharya, ED (Projects), NTPC Ltd. in presence of Sh. C K Mondol, Director (Commercial), NTPC Ltd. and other senior officials from L&T and NTPC Ltd.

This plant will comprise of three sub-units namely CO2 capture from Flue Gas, H2 production by electrolysis of water and catalytic conversion of CO2 & H2 to Methanol.

Under this MOU, LTHE and NTPC will further collaborate to accelerate the development and subsequently commercialize CO2 to Methanol plants.

Mr. Subramanian Sarma said, “We are delighted to be a part of this initiative of NTPC in the field of clean energy. This development towards establishing CO2 to Methanol plants is an important step towards India’s commitment to combat climate change. LTHE, together with NTPC, will leverage its vast experience in engineering, construction, and project management to successfully deliver this demonstration project.”

Organized under Offshore, Onshore, Construction Services, Modular Fabrication and AdVENT (Advanced Value Engineering & Technology) verticals, LTHE delivers ‘design to build’ engineering and construction solutions across the hydrocarbon spectrum.

Source: Larsen & Toubro

TechnipFMC wins Subsea EPCI for the Libra Consortium’s Mero 2 Project, operated by Petrobras in Brazil

TechnipFMC has been awarded a large⁽¹⁾ contract for Engineering, Procurement, Construction and Installation (EPCI) through a competitive contracting process, by Petrobras, the leader, and operator of the Libra Consortium, which was formed by Petrobras, Shell Brasil, Total, CNPC, CNOOC Limited and Pré-sal Petróleo SA (PPSA), for the pre-salt Mero field, located in the Santos Basin (Brazil) at 2,100 meters deep.

The contract covers engineering, procurement, construction, installation and pre-commissioning of the infield rigid riser and flowlines for production, including the water alternate gas wells. It also comprises the installation and pre-commissioning of service flexible lines and steel tube umbilicals, as well as towing and hook up of the FPSO^(2).

The Company will leverage synergies with the Mero 1 project Subsea EPCI, utilizing in-house rigid and flexible lay vessels and its significant local footprint in Brazil, including a spoolbase, logistics base and engineering capabilities. The offshore campaign is scheduled to start in 2022.

Arnaud Pieton, President Subsea at TechnipFMC, commented: “We are delighted to have been awarded another EPCI contract by the Libra Consortium, which reinforces the long-standing relationship between Petrobras and TechnipFMC. By executing and delivering this new flagship project, we are looking forward to supporting Petrobras’s ambition in the pre-salt region and contributing to the development of Brazil.”

For TechnipFMC, a “large” contract ranges between $500 million and $1 billion.
FPSO: Floating Production Storage and Offloading unit

Important Information for Investors and Securityholders

Forward-Looking Statement

This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

Source: TechnipFMC

DOF wins Chevron contract in Australia

In Australia, Chevron Australia awarded DOF Subsea an IMA Services Contract to support Chevron’s North West Shelf and near shore subsea assets.

This contract will comprise DP Vessels, ROVs, AUVs, Intervention, Inspection, Management and Engineering Services.

DOF Subsea said the new award builds on its previously successful IMR campaigns and secures a further five year term of works.

In Southeast Asia, the company also secured a contract for a moorings replacement and rectification project.

Onshore works are already underway, and the offshore campaign is scheduled to begin towards the end of 2020, where DOF Subsea will provide significant utilisation for resources and vessels – being Skandi Hercules and Skandi Singapore.

DOF Subsea CEO Mons S Aase said the key contract awards build on successful campaigns delivered in the past for its clients and will grow its track record in the region.

“We look forward to working with our clients to deliver projects safely and efficiently,” he says.

Source: The Australian Pipeliner

ADNOC Invests US$ 3.5 BN to Upgrade Ruwais Refining Capabilities and Maximize Value for Abu Dhabi and the UAE

The Abu Dhabi National Oil Company (ADNOC) confirms significant progress made on its “Crude Flexibility Project” (CFP), with 73% project delivery of ADNOC’s ongoing upgrade of refining capabilities in Ruwais and strengthening the role of Ruwais as a critical driver for industrial growth for Abu Dhabi and the UAE.

For more than 40 years, ADNOC has predominantly refined Murban grade crude, extracted from its onshore fields in the Emirate of Abu Dhabi. The CFP allows for the Upper Zakum grade, extracted from Abu Dhabi’s offshore oil fields, to be processed along with over 50 other types of different crudes.

H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO said: “We continue to focus on stretching the margin of every barrel of oil we produce to maximize the value of our resources, while also making responsible investments in the current market environment. This investment is another step in our progress to develop Ruwais into a dynamic, global hub for downstream activity, further strengthening ADNOC’s role as a key driver of the UAE’s long-term industrial growth and economic diversification”.

In 2018, ADNOC announced plans to diversify the feedstocks it processes. The US$ 3.5 BN (AED 12.8 BN) CFP upgrade initiative is a core driver of ADNOC Downstream’s 2030 smart growth strategy. The project will increase the value ADNOC derives from every barrel of oil, both by boosting refining margins and by leaving more high-value Murban crude available for export.

Much of the physical infrastructure required for the CFP has now been put in place. Major structural elements, notably 2 new fractionators and 24 atmospheric residue desulfurizer reactors have been installed at the site over the past two months. Each of the 317-ton fractionators was transported to the UAE from South Korea. Installing the 80-meter structures took three weeks across June and July 2020. They will serve to separate the component products within the crude oil to allow for further refining.

Upon completion in mid-2022, the CFP will allow ADNOC to process up to 420,000 bpsd (Barrels per Stream Day) of heavier and sourer grades of crude oil, as part of the 840,000 bpsd refinery in Ruwais.

The development of a more flexible and adaptive refining capability in Ruwais represents a cornerstone of ADNOC Downstream’s 2030 smart growth strategy, launched at ADNOC’s Downstream Investment Forum in 2018. Since the Forum, ADNOC has attracted significant foreign investment to Ruwais and expanded its downstream partnerships across its refining, fertilizer, and pipeline assets. ADNOC continues to deliver on the expansion of its downstream business in the UAE, which will see the Ruwais industrial hub transformed into a globally competitive chemicals cluster, leveraging the UAE’s close geographic proximity to global growth markets, access to competitive feedstocks, streamlined utilities and services offer, as well as Abu Dhabi’s attractive fiscal and regulatory environment. Investment at Ruwais will stimulate private sector activity and support long-term specialized employment opportunities, particularly in Al Dhafra.

ADNOC Refining produces more than 40 million metric tons of high-quality refined products to markets around the world. It refines up to 922,000 barrels of crude oil and condensate per day into various products, including LPG (Liquefied Petroleum Gas), naphtha, gasoline, jet fuel, gas oil, base oil and petrochemical feedstocks such as propylene. It also produces specialty products such as carbon black and anode grade coke. Since 2019 ADNOC Refining has been run as a joint venture company between ADNOC and the European energy firms Eni and OMV.

Source: ADNOC

JGC Receives Order for Refinery Upgrading Project in Iraq -Contributing to reconstruction and economic development in Iraq

JGC Holdings Corporation announced that JGC Corporation, which operates the overseas engineering, procurement, and construction (EPC) business of the JGC Group, has been received the Letter of Award for the Basrah Refinery Upgrading Project for an Iraqi oil refining company under the Iraqi Ministry of Oil. Details of the project are as follows.

1. Client	South Refineries Company(Oil refining company under the Iraqi Ministry of Oil)
2. Construction location	Basrah, Republic of Iraq(Approx. 550 km SE of the capital of Baghdad)
3. Primary equipment(processing abilities)	Fluid catalytic cracking unit (34,500 barrels/day), vacuum distillation unit (55,000 barrels/day), diesel desulfurization unit (40,000 barrels/day), etc.
4. Contract services	Engineering, procurement, construction and commissioning
5. Contract type	Lump sum contract
6. Order amount	Approx. 400 billion JPY
7. Scheduled completion	2025

Iraq is one of the world’s leading oil-producing countries, with a confirmed crude oil reserve of 145 billion barrels and a daily crude oil production of 4.41 million barrels. However, the two refineries currently in operation were constructed in the 1970s and their production capacity has decreased due to war damage and deterioration. Unable to meet domestic demand for petroleum products, Iraq has to import petroleum products such as gasoline.

This upgrading of the Basrah refinery will newly install, on land adjacent to the existing Basrah refinery, fluid catalytic cracking unit, vacuum distillation unit, and diesel desulfurization unit, etc., thereby increasing production to 19,000 barrels/day of gasoline and 36,000 barrels/day of diesel fuel, making it possible to reduce the gap in supply and demand for petroleum products. In addition, the petroleum products produced at the modernized refinery will meet international environmental standards and it is expected that they will contribute to reducing the environmental impact. This project is positioned as spearheading the modernization and sophistication of Iraq’s oil refining sector.

Funding for the project will be procured through Japanese ODA loans from the Japan International Cooperation Agency (JICA), and is the largest-scale reconstruction assistance from Japan since the 2003 Iraq War.

In carrying out this project, the Group plans to conduct skills training for more than 1,000 Iraqis and to hire approximately 7,000 skilled Iraqi workers. Furthermore, it is expected that more than 2,000 operating personnel jobs will be created after the project’s completion, which will contribute to solving the unemployment problem in Iraq.

The Group completed a power station reconstruction project in Iraq in 2013, and this is the Group’s second project in Iraq. The Group will contribute to the reconstruction and economic development of Iraq through the successful completion of this project.

Source: JGC Holdings Corporation

L&T Construction Awarded Contracts for its Various Businesses

The construction arm of L&T has secured orders from prestigious clients for its varied businesses.

Water & Effluent Treatment Business:

The Water & Effluent Treatment business of L&T Construction has won its maiden order in Chandigarh from the Chandigarh Smart City Limited (CSCL) to construct a 136 MLD sewage treatment plant on a Design, Build and Operate basis. The project aims to improve the quality of treated sewage in line with the latest NGT requirements and save potable drinking water which is presently being used for gardening and irrigating green spaces in the city. In addition to constructing the 136 MLD sewage treatment plant, the scope of the project includes operation, maintenance, generation of power from biogas and treatment of sludge to Class A standards for re-use by CSCL.

Buildings & Factories Business:

The Buildings & Factories business of L&T Construction has secured an order from a key Government organisation in Oman to develop the infrastructure & utilities for a mixed-use facility at Muscat. The Public Space Business Unit has secured an order for an IB School by RP – Sanjeev Goenka Group. This school is conceived as state-of-the-art international school. The scope of work includes Design and Construction of the school building with Basement + Ground+ 9 Floors with a total built up area of 2 L SFT. L&T

GeoStructure:

L&T GeoStructure has been awarded a prestigious project by IRCON International Limited, for the construction of a viaduct substructure up to pier cap level, for about 3 km as part of the Agartala-Akhaura New Rail Link Project at Agartala, Tripura. The scope includes 1100 numbers of bored cast-in-situ piles with 1200mm dia and depth of 25m. Also included are pile caps, pedestals, piers and pier caps, abutment etc.

Power Transmission & Distribution Business:

L&T’s Power Transmission & Distribution Business has won orders both in India and abroad. In India, the business has received an order from Power Grid Corporation of India Limited to establish certain transmission links connected with strengthening of the 400 kV system in the Eastern Region. Another order for a 400 kV Transmission Line package in South India has been won from a leading transmission developer.

In Africa, the business has won an order in Tanzania to Design, Supply, Install, Test and Commission a 220 kV Transmission Line.

Source: L&T Press Release

ADNOC, ADQ form joint venture to develop chemical projects at Ruwais

The Abu Dhabi National Oil Company (ADNOC) and ADQ signed a joint venture (JV) agreement to create a new investment platform to fund and oversee the development of industrial projects within the planned Ruwais Derivatives Park, a key enabler of ADNOC Downstream’s 2030 smart growth strategy and the UAE’s chemicals and industrial growth strategy.

The agreement was signed by H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO, and H.E. Mohamed Hassan Alsuwaidi, CEO of ADQ.

Under the terms of the agreement, ADNOC and ADQ will jointly evaluate and invest in anchor chemicals projects. ADNOC will hold a 60% majority equity stake in the JV with ADQ holding the remaining 40%. ADQ’s extensive portfolio, including local and international logistics and transport, power and water, industrial construction, and other essential infrastructure and enabling services, will complement ADNOC’s strong hydrocarbon feedstock position in Ruwais as well as its longstanding relationships with trusted international partners and investors. These combined strengths will enhance the overall value proposition of the planned Ruwais Derivatives Park and, in turn, support the long-term growth of the broader Ruwais industrial complex and increased investment in the Emirate of Abu Dhabi.

The JV partners will conduct a comprehensive feasability study to further develop identified projects in Ruwais and take forward those that show maximum potential for value creation. The JV plans to announce the results of this study before the end of 2020, including specific details on its selected target projects and the range of potential opportunities available for prospective investors and partners.

H.E. Dr. Sultan Ahmed Al Jaber said: “The range, scale and caliber of resources ADNOC and ADQ each bring to this new chemicals investment platform underscore Abu Dhabi’s position as a leading global destination for international investors and industrial partners. In line with ADNOC’s commitment to smart, responsible investment in the current market environment, as well as our unwavering focus on stretching the margin of every barrel of oil produced, our partnership with ADQ will expand on existing efforts to maximize the value of our assets in Ruwais, to kickstart the development of the UAE’s downstream deriviatives sector, support the transformation of Ruwais into a global hub for industry and attract additional foreign direct investment.”

H.E. Mohamed Hassan Alsuwaidi, CEO of ADQ, said: “By partnering with ADNOC to faciliate the development of the investment platform in Ruwais Derivatives Park, we will play a key role, together with the public and private sectors, in providing essential infrastructure development services. At ADQ, we are driving value creation and helping to build a prosperous economy for the benefit of Abu Dhabi through our diverse portfolio of the emirate’s leading entities such as Abu Dhabi Ports, Abu Dhabi National Energy Company (TAQA), Etihad Rail, Emirates Steel, DUCAB and Arkan.”

ADNOC and ADQ both have strong track records of driving private sector growth in Abu Dhabi. At the core of its current plans, ADNOC’s in-country-value (ICV) program, to date, has driven more than AED 44 billion ($12 billion) back into the UAE economy and created over 1,500 private-sector jobs for UAE nationals since it was launched in 2018. ADQ brings together a range of vital local expertise across power and logistics, industrial fabrication and manufacturing which will support the development of the planned Derivatives Park in Ruwais.

Source: ADNOC

Worley awarded EPCM contract for brownfield development at Newcrest’s Lihir

Newcrest, a leading gold mining company, has awarded a contract to support Lihir; one of the world’s largest gold projects located on a geothermally active (but extinct) volcanic crater.

The contract is to deliver engineering, procurement and construction management services to Newcrest’s Lihir gold mine, located 700 kilometers north-east of Port Moresby, Papua New Guinea.

Formalizing an alliance which commenced in April 2017, our involvement covers multiple brownfield projects including support to the mine site, process plant and associated infrastructure.

Our team will continue to be located on site and in our Brisbane, Australia office.

“We are delighted to continue our relationship with Newcrest, working together to safely deliver a portfolio of projects to budget and schedule,” commented Gillian Cagney, Regional Managing Director, Australia & New Zealand.

“Creating further economic value and expanding opportunities for PNG nationals will remain a focus for both companies. More than 20 percent of our Lihir team are nationals which contribute to Newcrest’s already impressive in-country employment.

“Our community improvement programs have included the distribution of personal solar lights to children living in isolated villages, reforming a local beach with recycled mine-site tires and water sanitation for seaside communities.

“Worley has a strong history working with Newcrest, having delivered projects in Australia, PNG, and Indonesia.”

Source: Worley

Petrofac and Storegga partner to build new energy capability for the UK

Petrofac, the international service provider to the energy industry, has signed a Memorandum of Understanding (MOU) with independent clean energy champion, Storegga Geotechnologies.

The MOU builds new energy capability and capacity in the UK and represents a significant strategic step in Petrofac’s continued expansion into new and renewable energy.

The agreement supports Petrofac and Storegga to collaborate on potential business development and project initiatives in Carbon Capture and Storage (CCS), Hydrogen and other low carbon projects. With an initial focus on the UKCS and North West Europe, the MOU also includes scope for the parties to work together internationally.

Petrofac was recently awarded a Project Management Office support contract for the Acorn project with Pale Blue Dot, of which Storegga is the holding company.

Source: Petrofac

ADNOC L&S and Wanhua Chemical Group form Strategic Shipping Joint Venture

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced the formation of a new strategic joint venture (JV) with Wanhua Chemical Group (Wanhua). The new company named AW Shipping Limited is incorporated in Abu Dhabi Global Market (ADGM) in the United Arab Emirates (UAE).

This strategic JV agreement further strengthens the collaboration between ADNOC and Chinese companies and builds on the deep-rooted bilateral relations between China and the UAE. The JV underscores ADNOC’s focus on value-creating deals and will support the delivery of its 2030 smart growth strategy.

AW Shipping Limited (AW Shipping) will own and operate a fleet of very large gas carriers (VLGCs) and modern product tankers. The company will be responsible for transporting LPG cargoes and other petroleum products, sourced from the ADNOC Group and global suppliers, to Wanhua Group’s manufacturing bases in China and around the world. To deliver maximum fleet efficiency, the company may also pursue other market opportunities.

H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO, said: “We are very pleased to establish this strategic joint venture with Wanhua Chemical Group. This creative win-win partnership strengthens our growing relationship and will deliver greater value and efficiency for both our organizations. Importantly, the JV further solidifies ADNOC L&S’ position as the largest, fully integrated logistics and shipping company in the UAE and paves the way for the transportation of greater LPG volumes to China, in line with market demand.

The establishment of AW Shipping supports ADNOC’s smart growth and value creation strategy and is another example of how ADNOC is stretching the margin from every molecule that we produce, refine, ship and sell, while also forging stronger partnerships in key growth markets.”

The formation of AW Shipping follows a 10-year liquefied petroleum gas (LPG) supply contract signed between ADNOC and Wanhua in November 2018.

ADNOC L&S is a crucial enabler in the ADNOC value chain, delivering oil, gas, and petroleum products to customers across the world. It owns and operates the UAE’s largest shipping fleet, which it expects to grow further in the coming years as ADNOC increases its upstream and downstream production capacity, and enters into trading.

Mr. Liao Zengtai, Chairman of Wanhua Chemical Group, said: “We are very glad that joint venture has been established with the concerted efforts of both parties. The new company will strengthen the strategic cooperation between ADNOC and Wanhua and will also ensure the stable supply of LPG cargoes and other petroleum products for Wanhua system. More importantly, the cooperation will make contribution to the “One Belt, One Road” project.”

ADNOC L&S was formed in late 2016 from three ADNOC subsidiaries, ADNATCO, IRSHAD, and ESNAAD. The integration created synergies between shipping, marine services, offshore logistics, and onshore logistics to create the largest integrated shipping and maritime logistics company in the GCC. ADNOC L&S provides safe, reliable and cost-competitive maritime and logistic solutions to ADNOC Group companies and to more than 100 global customers.

The company creates value for its customers and partners through four major activities; firstly, shipping activities, either with its own vessels or via chartering, which includes crude and refined products, dry bulk, and LNG transport. Secondly, marine service activities which comprise petroleum port operations, diving, and oil spill response. Thirdly, offshore logistics activities that include offshore support vessels and an integrated logistics base in Mussafah, Abu Dhabi, one of the largest in the region. Finally, onshore activities which consist of a marine passenger terminal and a container terminal.

Last year, ADNOC L&S transported over 20 million metric tonnes of various oil & gas products and dry bulk commodities.

Wanhua Group is one of the world’s leading producers for methylene diphenyl diisocyanate (MDI) a key ingredient in the manufacture of high-performance adhesives and synthetic fibers, which go into a wide range of industries.

Source: ADNOC

IOG Awards Phase 1 Platform EPCI Contract to HSM

Independent Oil and Gas plc (“IOG”), (IOG.L) is pleased to announce that it has awarded the Engineering, Procurement, Construction and Installation (EPCI) contract for its Core Project Phase 1 platforms to Dutch contractor HSM Offshore BV (“HSM”).

The contract, which is almost entirely lump-sum in nature, comprises the design, engineering, fabrication and installation (including assistance to hook-up and commission) of both normally unmanned installation (NUI) production platforms for the IOG-operated Southwark and Blythe gas fields in the UK Southern North Sea (SNS).

Phase 1 comprises the development and production of the Southwark, Blythe and Elgood gas fields through a total of five production wells with gas transported onshore to Bacton via the 24-inch Thames Pipeline. The Southwark Hub platform will be a key installation both for Phase 1 and other planned developments. The Blythe platform will be the focal point of the Blythe Hub which includes the Elgood subsea tie-back.

Following a competitive selection process, IOG has been working with HSM since late 2019 under pre-contractual arrangements to ensure that platform design and fabrication activities continue on schedule at the yard at Schiedam in the Netherlands. Fabrication activities are progressing well, as announced separately, and offshore installation is planned for 1H 2021.

Andrew Hockey, CEO of IOG, commented:

“We are delighted to be working with HSM for the fabrication and installation of the Southwark and Blythe production platforms and are pleased to release an accompanying presentation showing recent fabrication progress at the yard. HSM are a highly respected offshore infrastructure fabricator with an extensive history of building platforms for both the Dutch and UK sectors of the North Sea and we are encouraged by the progress they have made to date, particularly in light of the challenges posed by Covid-19. These low carbon footprint facilities at Southwark and Blythe will be key infrastructure for the safe and effective execution of our gas hub strategy, not only for our SNS Core Project assets but also to enable valuable add-on developments.”

Jaco Lemmerzaal, Managing Director of HSM, said:

“HSM is very pleased to be selected as contractor by IOG for the Southwark and Blythe platforms. We are drawing on a wealth of platform engineering and construction experience and are making good progress towards the scheduled delivery date offshore in the first half of 2021. We look forward to continuing a positive relationship with IOG on its journey to become a substantial gas producer in the Southern North Sea.”

Main Source: IOG

Aker Solutions Secures Brownfield Services Contract for Hebron Platform in Canada

Aker Solutions has secured a five-year contract extension from ExxonMobil Canada Properties for the provision of engineering, procurement and construction (EPC) services for the Hebron platform, offshore Newfoundland.

The contract is an extension for a 5-year period, starting in the summer of 2020. Aker Solutions has provided EPC services to Hebron since 2015. The work will be led from Aker Solutions’ premises in St. John’s, Newfoundland and Labrador.

Aker Solutions estimates the contract value to be NOK 1.4 billion, which will be booked as order intake in the third quarter of 2020.

“We are delighted to be extending our strong relationship with ExxonMobil in Canada, and to further strengthen the international footprint of our brownfield services business,” says Linda Aase, executive vice president, brownfield projects, at Aker Solutions.

Source: Aker Solutions