Qatar Petroleum issues EPC tender for liquid products storage and loading facilities of the North Field Expansion Project

Qatar Petroleum issued “Invitation to Tender” packages for the Engineering, Procurement and Construction (EPC) of additional liquid products storage and loading facilities and Mono-Ethylene Glycol (MEG) storage and distribution facilities, which will be located in Ras Laffan Industrial City and will be part of the North Field Expansion (NFE) Project..

Commenting on the announcement, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President & CEO of Qatar Petroleum said, “The release of this tender package reflects the continuing progress Qatar Petroleum is making on the expansion of our LNG production capacity. With the volume of associated liquid products the NFE project will generate from offshore production and onshore gas processing, it was necessary to expand our existing storage and loading facilities. The unique approach in our contracting strategy for the multiple EPC packages allows us to match the execution expertise in the EPC contracting community to this specific scope of work.”

The NFE Project involves the addition of four mega LNG trains as part of Qatar Petroleum’s plans to expand the State of Qatar’s LNG production from 77 million to 110 million tons per annum by 2024.
Source: http://bit.ly/md0W93 

Orascom, Siemens selected to rebuild 1.6GW power plant in Iraq

The agreement was signed with Iraq’s Ministry of Electricity to redevelop the Baiji 1 and Baiji 2 power plants in 28 months.

Egyptian contractor, Orascom Construction is set to team up with German conglomerate, Siemens to revamp two power plants in Iraq, after signing an agreement with the countries’ Ministry of Electricity.

In a statement published on its website, the Munich-headquartered firm said that the Baiji 1 and Baiji 2 power plants, which are located in northern Iraq, have a combined generation capacity of 1.6GW.

According to the contractor, work on the plants are set to be completed “within 28 months”.

Work at Baiji will begin once the contracts are approved by Iraq’s Council of Ministers and a financial agreement is reached with the Ministry of Finance.

Chief executive officer of Orascom Construction, Osama Bishai, said:”Our partnership with Siemens is a continuation of a successful relationship following the remarkable achievements on the mega power projects in Egypt.”

Source:http://bit.ly/2kIgFwx

Arkad-ABB awarded EPC for Bulgaria’s Balcanstream pipeline

Arkad-ABB SpA, as a member of the consortium led by the Saudi engineering and construction group Arkad, has signed a contract with Bulgartransgaz EAD, a natural gas combined operator, to engineer, procure, construct and fund (EPC&F) a gas pipeline system expansion in Bulgaria. The consortium is made up of Arkad E&C, a US$3 billion engineering and construction group with over 9000 staff, and Arkad-ABB SpA. Overall contract value for the EPC project is €1.102 billion.

Scope of the contract is the construction and delivery of a 48 in., 474 km (295 mile) pipeline linking Bulgaria’s southern border with Turkey to its western border with Serbia. Arkad-ABB will deliver engineering, procurement services, and support to construction, pre-commissioning and commissioning activities for the entire project, through a highly skilled task force mobilised to Bulgaria, and its experienced team located in the Milan head office. The consortium expects to begin work on the project execution immediately after the contract signing and the targeted date of project completion for the whole pipeline system will be 615 days from the letter of assignment date.

Source: http://bit.ly/2lfTOsf

Larsen & Toubro wins up to Rs 2,500 crore contract in Maharashtra, Odisha

India-based contractor Larsen & Toubro (L&T) said its construction business had been awarded an engineering, procurement, and construction contract for the Gunjawani piped distribution network, including Narayanpur Lift Irrigation Scheme, from Maharashtra Krishna Valley Development Corp (WRD) in Pune, and another deal by Rural Water Supply and Sanitation Department to develop two rural piped water supply projects in Odisha’s Jharsuguda district.

Work on the Gunjawani project will involve the design, procurement, and construction of gravity mains, as well as the installation of pumping system.

The development will cover 21ha and will draw water from the Gunjawani dam.

The Odisha contract comprises design and construction activities for two intake structures, two water treatment plants, 1.7km2 of transmission and distribution pipelines, 58 overhead service reservoirs, nine booster pumping stations, and associated electromechanical and instrumentation works.

When complete, the project will provide drinking water for 273 villages in the Jharsuguda district, L&T said in a statement.

Source: http://bit.ly/2kLLOPG

Oil attacks: What’s next for Saudi Aramco and world oil markets?

It was the worst attack on Middle East oil facilities since Saddam Hussein set fire to Kuwait’s oil wells in 1990.

Drones – or possibly cruise missiles – traveling 500 kilometers (310 miles) across Saudi territory undetected hit at the heart of the kingdom’s oil industry and knocked out five percent of the world’s oil supply.

As a result, oil prices spiked almost 20 percent. That is still lower than the recent $85 height in October 2018 when tensions between the US and Iran were ratcheting up.

Saudi Arabia believes it can have the facility back up and running in a matter of weeks, but if it takes more than six weeks to fix the plants and restore production, oil prices could head towards the $85 a barrel mark. So the situation reflects a real test for state-owned oil giant Saudi Aramco.

The whole world ask why Saudi Arabia’s billion-dollar defences failed to protect its oil facilities and how it affects oil prices and what will be next?

Aramco already has begun shipping equipment from the U.S. and Europe to rebuild damaged facilities, said Fahad al-Abdulkareem, the general manager of southern operations at Aramco.

Saudi officials say there is little sense of calm at the highest levels of the company and the Saudi government, however. It could take some contractors up to a year to manufacture, deliver and install made-to-measure parts and equipment, the Saudi officials and the oil contractor said.

Source: https://cnb.cx/2ldOTrV