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Keppel-led consortium secures S$1.5 billion EPC contract to develop Singapore’s Tuas Nexus IWMF

A Keppel-led consortium has received the Letter of Acceptance from the National Environment Agency (NEA) for an Engineering, Procurement and Construction (EPC) contract worth approximately S$1.5 billion, for the development of a Waste-To-Energy (WTE) facility and a Materials Recovery Facility (MRF) for Singapore’s new Tuas Nexus IWMF.

The consortium comprising Keppel Seghers Engineering Singapore Pte Ltd (Keppel Seghers), the environmental engineering arm of Keppel Infrastructure, China Harbour (Singapore) Engineering Company Pte Ltd (China Harbour) and ST Engineering Marine Ltd, the Marine arm of Singapore Technologies Engineering Ltd (ST Engineering), will design and build a 2,900 tonnes per day (tpd) WTE facility and a 250 tpd MRF as part of the IWMF Phase 1 development. To be co-located with PUB’s Tuas Water Reclamation Plant (Tuas WRP) at the Tuas View Basin site, the IWMF WTE facility and the MRF will be amongst the largest of such facilities in Singapore when they are completed in 2024.

Keppel Seghers, China Harbour and ST Engineering’s Marine arm’s share of the works under the EPC contract will be approximately 48%, 31%, 21% respectively.

Based on Keppel Seghers’ proven and proprietary WTE technology, the WTE facility will generate sufficient electricity to sustain the operations of Tuas Nexus IWMF Phase 1 and the initial phase of Tuas WRP, with excess electricity for export to the grid.

The state-of-the-art WTE facility will feature Keppel Seghers’ air-cooled grate, boiler design, and advanced combustion system. In addition, the facility’s wet flue gas cleaning system will ensure the facility’s emissions comply with Singapore’s regulatory requirements as well as standards. As the consortium lead, Keppel Seghers will also be responsible for the overall project management.

China Harbour will undertake the civil, structural and landscaping scope of the project, while ST Engineering’s Marine arm will be responsible for the construction of the MRF, power-island and the balance of plant.

With advanced technologies to sort metals, paper, cardboard and plastics automatically, the MRF will improve sorting efficiency, contributing towards the overall recycling rate in Singapore.

The consortium will work closely with NEA, as well as their consultants – a multi-disciplinary consultancy team led by Black & Veatch and AECOM, in association with Ramboll, for the design, construction and commissioning of this flagship project.

Dr Ong Tiong Guan, CEO of Keppel Infrastructure, said, “As a developer and operator of two of Singapore’s current four WTE plants, Keppel, together with its partners, is honoured to contribute further to Singapore’s sustainable urbanisation through this flagship project. This project, which will contribute significantly towards Singapore’s long-term waste management plans, is a testament to Keppel’s leadership in world class WTE technology and will reinforce our position globally as a competitive and reliable waste management solution provider.”

Singapore’s IWMF will mark the third integrated waste management project that Keppel Seghers has undertaken. Keppel Seghers has designed, built and is currently operating Qatar’s Domestic Solid Waste Management Centre, an integrated waste management facility that is treating waste for the whole country. In addition, Keppel Seghers Hong Kong Limited is also currently building Hong Kong’s (HK) first Integrated Waste Management Facility off the coast of Shek Kwu Chau, with Zhen Hua Engineering Co. Ltd., which is also a company under the China Harbour Engineering Company in Beijing. HK’s IWMF is its first integrated waste management facility for municipal solid waste and is contracted to treat 3,000 tpd of mixed municipal waste.

Mr Tang Qiaoliang, President of China Harbour Engineering Company Ltd. (CHEC), said, “CHEC is honoured to participate, with its partners, Keppel Seghers and ST Engineering, in such a flagship environmental sustainability project and will fully utilise its expertise and strengths in the design and construction of civil, structural and landscaping, to complement its partners to deliver a world-class waste management solution.

“With the construction of HK’s IWMF, which is currently the first and largest WTE project in HK, progressing well, Singapore’s IWMF will be the second waste management facility to be built by Keppel Seghers and CHEC worldwide. In addition, CHEC also undertook construction of the Tuas Sewage Treatment Plant in Singapore in 2019. The strategic fit for Keppel Seghers and CHEC will create more opportunities for cooperation in the future.”

Mr Ng Sing Chan, President, Marine of ST Engineering said, “ST Engineering values industry collaboration, especially one such as this that helps facilitate Singapore’s drive towards environmental sustainability. We look forward to fulfilling our part in this consortium with our deep domain expertise in environmental engineering, and core competencies in managing large-scale engineering and critical infrastructure projects.”

The abovementioned development is not expected to have a material impact on the respective net tangible assets or earnings per share of Keppel Corporation Limited and ST Engineering for the current financial year.

Source: Keppel Corporation

L&T’s construction arm wins contract for Eastern Dedicated Freight Corridor project

Railways Strategic Business Unit of L&T Construction’s Transportation Infrastructure IC in consortium with M/s Kyosan Electric Manufacturing Co. Ltd., Japan has won a significant order in the form of 3 packages from the Dedicated Freight Corridor Corporation of India Limited (DFCCIL). The Design and Build orders involve 2×25 KV Overhead Electrification, Signalling & Telecommunication and Associated works in the Dadri – Khurja and Sahnewal – Khurja sections of the Eastern Dedicated Freight Corridor (EDFC). The works are spread across 442 Route Kms and 638 Track Kms.

L&T Construction is already executing the Electrification and Signalling System works contracts for the Mughalsarai to New Sonnagar section and Electrification works of the Mughalsarai – Bhaupur Section of the EDFC.

With this win, L&T will be electrifying 1000 out of 1346 Kms of the EDFC where orders have been finalized, and the entire 1465 Kms of the Western Dedicated Freight Corridor from Dadri to JNPT. DFCCIL is a special purpose vehicle of the Indian Railways, mandated to build dedicated freight corridors.

Background: Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 21 billion in revenue. It operates in over 30 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

Source: Larsen & Toubro Press Release

Subsea 7 awarded contract offshore Netherlands

Subsea 7 announced the award of a substantial contract by Vattenfall for the Hollandse Kust Zuid (HKZ) 1-4 offshore wind farm project, located between 18-36km off the Dutch coast in the North Sea.

Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million

The contracted work scope includes the transport and installation of approximately 140 wind turbine monopile foundations and 315km of 66kV inner array grid cables in water depths between 18 and 27 metres. Offshore installation is scheduled for execution in 2021 and 2022 using Seaway 7’s heavy lift, cable lay and support vessels. The contract is subject to a final investment decision by Vattenfall and Subsea 7 will include the contract in backlog once that decision has been made.

The HKZ 1-4 offshore wind farms are being developed by Vattenfall as the first subsidy-free wind farms in the Netherlands, and when completed, will have an installed capacity of approximately 1.5 GW, which will meet the electricity needs of approximately 2-3 million Dutch households.

Steph McNeill, EVP Subsea 7 Renewables, said: “We look forward to working collaboratively with Vattenfall as a trusted partner to install the foundations and inner array cables for the Hollandse Kust Zuid 1-4 wind farms and help to deliver the first subsidy-free offshore wind project in the Netherlands.”

Catrin Jung, Head of Offshore Wind, Vattenfall, said: “We look forward to working with Subsea7 on this exciting project. The Netherlands is an important market for us and we are very happy to contribute to making the Dutch energy system more sustainable and support our customers, large and small, on their way to fossil free living.”

Source: https://www.subsea7.com/en/media/company-news/2020/subsea-7-awarded-contract-offshore-netherlands.html

L&T’s construction arm wins ‘significant’ contracts for Buildings & Factories Business

Engineering and construction giant Larsen & Toubro (L&T) and its construction arm has won ‘significant’ contracts for its Buildings & Factories Business. Though the company did not specify the value of the contracts, a significant contract as per its specification ranges between Rs 1,000 crore to Rs 2,500 crore.

“The Buildings & Factories Business of L&T Construction has secured orders from prestigious clients in India. The business has won an order t to design and construct an integrated resort complex project at Goa,” the company said in a statement.

The business has also secured an order to construct a Technology Park in Trivandrum over a total built up area of 2.3 million square feet.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 21 billion in revenue. It operates in over 30 countries.

Source: https://bit.ly/2RZcaeh

TechnipFMC Awarded EPCI Contract for Woodside’s Lambert Deep and Greater Western Flank Fields in Australia

TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation contract by Woodside Energy Limited for the development of the Lambert Deep and Phase 3 of the Greater Western Flank fields, located offshore Northwestern Australia.

TechnipFMC will design, manufacture, deliver and install subsea equipment including subsea production system, flexible flowlines and umbilicals for connection to the Angel platform.

This is the second contract under the recently announced five-year iEPCI™ Frame Agreement between TechnipFMC and Woodside.

Arnaud Pieton, President Subsea at TechnipFMC, commented: “We are delighted to have been awarded another iEPCI™ project through our frame agreement with Woodside. This is Woodside’s second consecutive award adopting our Subsea 2.0 platform, confirming our common ambition to transform subsea economics through integration, standardization and configurability.”

The Angel platform is located about 120 kilometers north-west of Karratha and is connected to the North Rankin Complex (NRC) via a 50 kilometers subsea pipeline.

For TechnipFMC, a “significant” contract is between $75 million and $250 million

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.

About TechnipFMC
TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients’ project economics.

We are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our clients in developing their oil and gas resources.

Source: https://bit.ly/3eHCCTI

Malaysia’s Serba Dinamik wins $1.8bn EPC deal from Block 7 in Abu Dhabi

Bursa Malaysia-listed Serba Dinamik Holdings has secured an engineering, procurement, and construction (EPC) services contract worth $1.8bn (AED6.6bn) from US-based Block 7 Investments at the UAE capital, Abu Dhabi.

The EPC contract has been awarded to Serba Dinamik International Ltd (SDIL), a wholly-owned subsidiary of Serba Dinamik Holdings.

In a stock market filing Serba Dinamik said that the project covers three areas of interest including, the Innovation Hub, which includes the development of offices, restaurants, exhibition centres, and IT centres; Academic Campus; and accommodation which includes apartments and hotels, spanning a total built-up area of 455,000m2.

The scope of work includes, but is not limited to, designing, engineering, procuring, supervising, managing, supplying, transporting, constructing, commissioning, and the remedying of any defects in connection with the project works.

The company said that work on the project will commence on 14 May 2020.

It added in the missive: “The project forms part of Block 7’s initiatives to create a global incubator for the advancement of innovators for the technology, property, financial as well as energy sectors, to be positioned as a new landmark for Abu Dhabi.”

Under the terms of the agreement, the company said that it would be “liable for damages in the event of its failure to comply with the Time for Completion with a maximum amount of 10% of the Contract Price”.

Serba Dinamik will complete the project works within 1,460 days from the commencement date, with the contract award expected to contribute positively to the company’s net assets, consolidated earnings, and earnings per share for the financial year ending 31 December 2020.

It is expected to contribute positively to Serba Dinamik’s financials for the financial year ending Dec 31, 2020, it added.

Source: https://bit.ly/2ROeQv5

Saipem awarded Egypt’s first polybutadiene plant, in consortium with Petrojet, for the amount of approx 150 million USD

Saipem, leading a consortium with Egypt-based Petrojet, has been awarded a contract by Egyptian Ethylene & Derivatives Co. (Ethydco) for the first polybutadiene-producing facility in Egypt, with an expected production capacity of 36,000 MT/Y.

Saipem and Petrojet have a long history of partnership in Egypt and will be jointly responsible for detailed engineering design, procurement and supply of equipment and materials, construction, pre-commissioning, commissioning up to successful start-up and performance testing.

Saipem will contribute its key competencies as a leading solutions provider in the petrochemical sector, specifically in the elastomers segment.

The scope of work of the new rubber plant comprises one production train of Low Cis Butadiene Rubber and related facilities. Polybutadiene is a synthetic rubber with a high resistance to wear and is used in the manufacture of tires, which consumes about 70 per cent of all global production.

The overall value of the contract is for approximately 150 million USD.

Maurizio Coratella, Chief Operating Officer of the Saipem Onshore E&C Division, commented: “After successful completion of the fast-track Zohr project, this award confirms Saipem as a partner of choice to support the sustainable development of Egypt”.

Source: https://bit.ly/2VDY5Ei

Subsea 7 awarded contracts by Chevron for subsea installation services in the Gulf of Mexico

Subsea 7 announced the award of contracts by Chevron U.S.A Inc. for subsea installation services related to the Anchor field, located in the Green Canyon area of the Gulf of Mexico. The Anchor field is approximately 140 miles off the coast of Louisiana.

Subsea 7’s scope of work includes project management, engineering, procurement, construction and installation of the SURF components including, but not limited to, the production flowlines, risers, umbilicals, flying leads, jumpers, and associated appurtenances.

Project management and engineering will commence immediately at Subsea 7’s offices in Houston, Texas. Fabrication of the flowlines and risers will take place at Subsea 7’s spool-base in Ingleside, Texas, with offshore operations anticipated to occur in 2022 and 2023.

Source: https://www.subsea7.com/

Oman’s Galfar wins $24.5m Fahud runway revamp project from PDO

Oman’s Muscat Securities Exchange-listed (MSM) Galfar Engineering & Contracting has secured a $24.5m (OMR9.5m) contract for the Fahud Runway Rehabilitation Project from the Sultanate’s state-held Petroleum Development Oman (PDO).

In a stock market filing undersigned by the contractor’s chief executive officer, Hand Erlings, the company said that the contract has been awarded for a period of 11.5 months, which is effective from 7 April 2020, with the contract being awarded on 31 March.

The company added that it expects “reasonable income from this project”.

In March, the company’s chief financial officer, Anantha Subramanian resigned from his post for “health reasons”. Subramanian was appointed to his role at Galfar in January 2018, following the resignation of its then CFO Gerard Hutchinson in September 2017.

The Omani contractor received a “letter of award” for a project covering the construction of cliff road and access road, with the contract being valued at $4.5m (OMR1.7m).

Source: https://bit.ly/2RAbrjD

India-listed L&T Construction wins contracts in Kuwait, Oman and Egypt

India-based Larsen & Tourbo’s power and transmission distribution business, a part of its subsidiary, L&T Construction, has secured ‘major’ contracts for projects in Kuwait, Oman, and Egypt in the Middle East.

A major contract is classified as the one valued between $655.4m to $917.6m.

In Kuwait, the contracting heavyweight has been awarded a contract to upgrade substations and related power facilities in Kuwait National Petroleum Company’s (KNPC) Mina Al Ahmadi oil refinery. L&T Construction will use the latest technology to revamp the network of distribution substations to increase the reliability of power supply and facilitate expansion for the refinery.

Simultaneously, in Oman the contractor has secured an order for a 400 kV grid station that will connect existing grid in the South and North with Petroleum Development Oman (PDO) area. This will serve as an important element in the Sultanate’s major transmission initiative.

Meanwhile, L&T Construction will design, supply, construct and commission a 220 kV gas insulated substation in Egypt. The contractor did not reveal the name of the company that has awarded this contract.

Source:https://bit.ly/3b33pat

Target Engineering Secured $57 million contracts in UAE

Target Engineering Construction Company, a subsidiary of Arabtec Holding, UAE announced in a statement that, it has secured multiple contracts from United Arab Emirates. The total value of the signed contracts is AED 210 million (1 AED = 0.272294 USD).

ADNOC Offshore Contract:

A contract awarded by ADNOC Offshore to carry out the engineering, procurement, construction and commissioning (EPCC) works for the replacement of existing Slug Catchers, static equipment used in the upstream oil production facilities to minimise the slug from oil and gas pipelines. The value of the order is AED 84 million.

The project location is at the Satah Plant on Zirku Island, Abu Dhabi.

The contract works will commence immediately for a duration of 22 months. This award is line with the Group’s strategic priority to diversify its backlog into different sectors, including the industrial sector.

Construction of Sunset Square:

Target Engineering has also been awarded a contract for the construction of Sunset Square, Abu Dhabi.

The value of the order is AED 126 million.

Target’s scope of work includes the construction of a nineteen-storey commercial building.

The total built up area of the project is approximately 27,000 square metres. Project works are expected to commence shortly for a duration of 30 months.

Source: https://bit.ly/3eaGU5K

L&T Hydrocarbon Engineering bags EPCC contract for IOC’s Barauni Refinery, India

Engineering and construction giant Larsen & Toubro have won a ‘large’ contract from the Indian Oil Corporation for conducting capacity expansion of IOC’s Barauni Refinery, in Bihar.

The project won by company arm L&T Hydrocarbon Engineering involves engineering, procurement, construction and commissioning for 9 million tonne per annum (MTPA) Atmospheric & Vacuum Distillation Unit.

Though the company did not specify the exact amount of the contract, as per its specification it ranges between Rs 2,500 crore and Rs 5,000 crore.

The EPCC contract is for setting up a new 9 MTPA Atmospheric & Vacuum Distillation Unit (AVU) and allied facilities (EPCC-1 Package) for Barauni Refinery Capacity Expansion Project at IOCL’s Barauni Refinery, Bihar. The capacity of Barauni Refinery is being augmented from the current installed capacity of 6 MTPA to 9 MTPA,” the company said in a statement.

Awarded through an international competitive bidding on Lump Sum Turn Key (LSTK) basis, the contract demonstrates IOCL’s trust on L&T Hydrocarbon Engineering’s capability to deliver complex process plants to a challenging schedule with excellent safety and quality, the company said.

L&T Hydrocarbon Engineering is already executing a similar EPCC Project of 9 MTPA project for HPCL Visakh Refinery as a part of Visakh Refinery Modernisation Project.

Organized under offshore, onshore, construction services, modular fabrication and engineering services verticals, LTHE delivers ‘design to build’ engineering and construction solutions across the hydrocarbon spectrum.

Source: https://bit.ly/39TSS0e

Saudi Arabia’s Advanced Petrochemical and SK Gas to build $1.8 billion PDH and PP Plant

Saudi Arabia’s Advanced Petrochemical Company has signed an agreement with South Korean company SK Gas for constructing and operating propane dehydrogenation (PDH) and polypropylene (PP) plants.

The project location is in Jubail Industrial City, eastern region of Kingdom of Saudi Arabia. The plant will be built with an investment of $1.8 billion.

The project will have a design capacity of 843,000 metric tons per annum of propylene and 800,000 metric tons per annum of polypropylene

Advanced Global Investment Company (AGIC), a subsidiary of Advanced and SK Gas Petrochemical (SKGP), signed a shareholder agreement to create a joint venture (JV) company called Advanced Polyolefins Company.

About 25% of the project will be financed using equity from shareholders, while the remaining 75% will be financed by the JV from borrowing from lenders.

AGIC will own an 85% equity stake in the newly formed JV company, while the remaining 15% will be owned by SKGP.

In addition, AGIC has signed a license agreement with US-based Lummus Technology for the supply of CATOFIN Technology for a 843KTA PDH plant.

It also executed two licence agreements with an Italian firm called Basell Poliolefine Italia for procuring SPHERIPOL Technology and SPHERIZONE Technology for two PP plants.

AGIC also signed a conditional land allocation letter with Royal Commission for the Project in Jubail.

Construction of the facility is expected to begin during 2021 and Saudi Aramco has agreed to supply propane on a long term basis.

Source: https://bit.ly/34fPjQJ

Tecnimont S.p.A. wins $10M contract for technology-driven engineering services in the petrochemical sector in Korea, Russian Federation and India

Maire Tecnimont S.p.A. announces that its subsidiary Tecnimont S.p.A. has been granted awards for a total amount of approximately $10 million for technology-driven engineering services and feasibility studies in the petrochemical sector in Korea, Russian Federation, and India. In particular, Tecnimont has signed a contract to develop the FEED (front end engineering design) and subsequent Detailed Engineering for the High Pressure section of a low-density polyethylene (LDPE) plant to be realized in Korea for one of the major energy and chemical companies in Asia Pacific, which is developing a new grassroot petrochemical integrated complex. Thanks to its technological know-how, Maire Tecnimont consolidates its market leadership in the engineering and construction of low-density polyethylene plants worldwide.

Awards comprise also two feasibility studies, one for a new Polypropylene Unit in India by Borealis AG and the other for an additional line of Acrylonitrile in Russian Federation by Lukoil OOO Saratovorgsinetz.

Pierroberto Folgiero, Maire Tecnimont Group CEO, commented: “These awards confirm that our Group is continuing its activities thanks to the current effort of every single colleague, as well as the benefit derived from the early adoption of our Digital Advantage Smart Platform.”

Maire Tecnimont is ensuring business continuity thanks to the utilization of its “Digital Advantage Smart Platform”. The Group launched in 2015 its “Digital Advantage” program that progressively led to the full digitalization of its processes that allows advanced collaboration among its professionals and partners, regardless their physical working location. Maire Tecnimont has been among the first adopters in its industry of the leading ICT technologies enabling full cloud and virtualization of Group infrastructure in order to perform from remote not only design and operation activities – BIM, full 3d modeling and AWP solutions to optimize engineering and construction – but also administration, finance and control, procurement and human resource management.

Source: https://bit.ly/3bHQD1b

McDermott Awarded Contract by BHP for Trion FPU Pre-FEED Design Competition

McDermott International, Inc. announced that it has been awarded a sizeable contract by BHP Billiton Petróleo Operaciones de México, S. De R.L. De C.V. (BHP) to provide pre-front-end engineering design (pre-FEED) services for a floating production unit (FPU) that will be installed in a water depth of approximately 8,200 feet (2,500 meters) at the Trion field, located approximately 19 miles (30 kilometers) south of the U.S./Mexico border and approximately 112 miles (180 kilometers) from the Mexican coastline.

The pre-FEED scope includes engineering tasks related to the configuration, sizing and preliminary analysis of the FPU, including topsides, hull, risers and mooring.

McDermott will work in partnership with Houston Offshore Engineering (HOE) and Wood on the pre-FEED, with McDermott’s Houston office leading engineering services—supported by its Mexico City office—and HOE and Wood providing engineering for the hull and topsides, respectively. McDermott will perform project management, execution planning and estimation services. Installation studies will be performed by McDermott’s Marine Operations and technical support for fabrication and integration planning will be handled by McDermott’s Mexico-based Altamira Fabrication Yard.

McDermott is currently delivering the subsea umbilicals, risers and flowlines (SURF), transportation and installation (T&I), pre-commissioning of one jacket and topsides for the BHP Ruby Project, located offshore Trinidad and Tobago. It is also providing FEED activities for an FPU for the Scarborough field gas development in Western Australia, of which BHP is a partner with Woodside.

The project will begin immediately with completion projected in the third quarter of 2020. The contract award will be reflected in McDermott’s first quarter 2020 backlog.

About McDermott
McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to commissioning. It is called the “One McDermott Way.” Operating in over 54 countries, McDermott’s locally focused and globally integrated resources include more than 42,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.

Source: https://bit.ly/2Uy8FgN

McDermott Announces Chevron Lummus Global Technology Award by Southeast Asian Refiner

McDermott’s joint venture with Chevron, has been awarded a sizeable contract by a Southeast Asian refiner for the license, engineering and supply of proprietary catalyst and equipment for its Lubricant Base Oil Group II Project to be built in Southeast Asia.

The new 5,200-barrels-per-day unit will employ CLG’s state-of-the-art lubricant base oil technologies for premium lube base oil production. Currently, the refinery produces only Group I lube base oils, and this project will allow them to meet growing regional demand for premium lubricant base oils.

“The lubricant base oil technology that we license through Chevron Lummus Global has helped our customers produce greater yields and better quality base oils, which was an important factor in the selection process of this project,” said Leon de Bruyn, Senior Vice President of McDermott’s Lummus Technology business. “With the recent award of several new projects in the region, CLG cherishes solid, long-standing relationships with refiners in the Asia Pacific region.”

This contract was signed in the first quarter of 2020.

About Lummus Technology
McDermott’s Lummus Technology is a leading licensor of proprietary petrochemicals, refining, gasification and gas processing technologies, and a supplier of proprietary catalysts and related engineering. With a heritage spanning more than 100 years, encompassing approximately 3,400 patents and patent applications, Lummus Technology provides one of the industry’s most diversified technology portfolios to the hydrocarbon processing sector.

– Plant will utilize Chevron Lummus Global lubricant base oil technologies
– Agreement includes technology licensing, engineering and proprietary catalyst and equipment
– Propriety technology enables the production of Group II and III base oils to meet growing regional demand.

Source: https://bit.ly/3arGUfe

Maire Technimont Signed €200 mn EPC Contract For a New Urea Plant in Turkey

Maire Tecnimont S.p.A. announces that its subsidiary Tecnimont S.p.A. has signed with GEMLİK GÜBRE SANAYİİ ANONİM ŞİRKETİ an EPC contract for a value of approximately €200 million related to the implementation of a new Urea and UAN (Urea Ammonium Nitrate solution) plant in Gemlik, 125 km south of Istanbul, Turkey.
The plant will have the capacity of 1,640 MTPD of Granular Urea and 500 MTPD of UAN, and will run on the market-leading urea technology of Stamicarbon, a fully owned subsidiary of the Group. The Scope of Work concerns the execution of engineering, supply of all equipment and materials and construction and erection works. Project completion is planned within about three years of its effectiveness.
GEMLİK GÜBRE belongs to Yildirim Holding, a multi-billion USD, diversified Group active in several fields from Chemicals and Fertilizers to Ports and Logistics, to Metals and Mining. Ammonia and other fertilizers are already produced in the same industrial facility, with direct access to a Mediterranean seaport.

Ali Rıza Yıldırım, Chairman of the Gemlik Gübre, commented: “The signing of this agreement is the first step of great cooperation. We entrust Tecnimont and believe that we will achieve great success together worldwide”.

Pierroberto Folgiero, Maire Tecnimont Group CEO, commented: “We are extremely proud of this new achievement that confirms the Group leadership in the fertilizer sector and allows us to expand our geographical footprint in a strategic market such as Turkey”.

Maire Tecnimont SpA
Maire Tecnimont S.p.A. a company listed on the Milan stock exchange is at the head of an international industrial group leader in the transformation of natural resources (plant engineering in downstream oil&gas, with technological and execution competences). Through its subsidiary NextChem, it operates in the field of green chemistry and the technologies supporting the energy transition. Maire Tecnimont Group operates in about 45 countries, numbering around 50 operative companies and a workforce of approximately 6,500 employees, along with approximately 3,000 professionals in the electro-instrumental division.

Source: www.mairetecnimont.com.

ACWA POWER SIGNS MILESTONE AGREEMENTS WITH MINISTRY OF ENERGY OF UZBEKISTAN

ACWA Power announces the signing of three new strategic agreements, potentially worth up to US2.5 billion, with The Ministry of Energy of Uzbekistan to amplify power generation and develop technical expertise.

The agreements include:

A 25-year Power Purchase Agreement (PPA) and Investment Agreement – with a total investment value of US$1.2 billion – for the development/construction/operation of a 1500 MW Combined Cycle Gas-Turbine (CCGT) power plant
An Implementation Agreement worth US$550 million-US$1.1 billion for the building of wind power plants with a capacity of 500-1000 MW
A Memorandum of Understanding (MOU) for the development of a training centre to enhance technical skills of Uzbek students and professionals

The 1500 MW CCGT power plant shall contribute to Uzbekistan’s fast track ambitious plan to attract foreign direct investment in essential key sectors and the implementation of its energy diversification strategy. The project will be located in Shirin City in the Sirdarya region and will be developed as a ‘Build, Own, Operate, Transfer’ projects. ACWA Power will take the lead in constructing, engineering, operating and maintaining the plant.

The project has an estimated aggregate worth of US$1.2 billion. The PPA has a 25-year duration, with JSC National Electric Grids of Uzbekistan acting as the sole off-taker. The CCGT plant’s efficiency rate will be in excess of 60% – saving almost twice the natural gas currently used for electricity production. The Investment Agreement for this project is signed with the Ministry of Investment and Foreign Trade.

An implementation agreement worth US$550 million-US$1.1 billion has also been signed with the Ministry of Energy to utilise Uzbekistan’s natural renewable energy sources. The agreement envisages the development, financing, construction, operation and maintenance of a 500-1000 MW wind farm.

The third agreement is an MoU between the Ministry of Energy of Uzbekistan, Air Products & Chemicals and ACWA Power. This agreement entails training programs to bolster the technical expertise of students and professionals at one or more colleges in Uzbekistan. It will equip potential talent with the tools and knowledge to gradually support a local supply chain for the utilities and chemicals sectors in Uzbekistan.

The agreements reflect Uzbekistan’s growing role in the global energy market, its commitment to energy security and use of the latest technologies. It also demonstrates Uzbekistan is becoming an attractive destination for foreign investors.

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

TechnipFMC Awarded a Significant Integrated EPCI Contract for the BP Platina Field in Angola

TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation contract from BP Angola for the Platina field development, located offshore Angola in Block 18 at water depths ranging from 1,200 to 1,500 meters.

The contract covers the manufacture, delivery and installation of the subsea equipment including subsea trees, a production manifold with associated subsea control and connection systems, as well as rigid pipelines, umbilicals and flexible jumpers.

Arnaud Pieton, President Subsea at TechnipFMC, commented: “We are very pleased to have been selected by BP for this important deepwater development offshore Angola. We are committed to BP and to supporting the Angolan oil and gas industry. This iEPCI follows iFEED work and will utilize our local assets such as our service base in Luanda and our umbilical factory in Lobito.”

Source: https://www.technipfmc.com/

Azerbaijan International Operating Co. (AIOC) has awarded Worley a contract for engineering, procurement and construction services as part of a gas lift project.

Under the contract, Worley will provide engineering, procurement and construction services to support production operations on the Chirag platform in the Caspian Sea.

The project scope includes new gas lift flowlines and production manifolds. AIOC is operated by BP. The services will be jointly executed by Worley’s Aberdeen and Baku locations, bringing together the offshore engineering expertise within the Aberdeen offices and the local operating knowledge and national expertise within the Baku office.

Worley delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full life-cycle, from creating new assets to sustaining and enhancing operating assets, in the hydrocarbons, mining, mineral, metals, chemicals, power and infrastructure sectors. Our resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders.

Source: https://www.worleyparsons.com/

BP awards Caspain Sea job to Worley

Azerbaijan International Operating Co. (AIOC), a BP-operated company, has awarded Worley a contract for engineering, procurement, and construction services as part of a gas lift project in the Caspian Sea.

Worley said that, under the contract, it would provide engineering, procurement, and construction services to support production operations on the Chirag platform in the Caspian Sea.

The project scope includes new gas lift flowlines and production manifolds. The services will be jointly executed by Worley’s Aberdeen and Baku locations, bringing together the offshore engineering expertise within the Aberdeen offices and the local operating knowledge and national expertise within the Baku office.

“We look forward to continuing to support both AIOC and BP with their long-term production strategy in the Caspian Sea,” said Chris Ashton, Chief Executive Officer of Worley.

Source: http://bit.ly/38rDjfn

Maersk Drilling secures one-well contract offshore Egypt

Maersk Drilling has been awarded a one-well contract for the semi-submersible rig Maersk Discoverer offshore Egypt. The contract has an estimated duration of 21 days and is expected to commence in March 2020, in direct continuation of the rig’s current contract. The contract value is approximately USD 3.8m.

“We’re pleased to add this additional well which firms up Maersk Discoverer’s schedule for 2020, meaning that the rig will have no idle time before moving to the Caribbean later this year,” says COO Morten Kelstrup of Maersk Drilling.

Maersk Discoverer is a DSS-21 column-stabilised dynamically positioned semi-submersible drilling rig which was delivered in 2009. It is currently operating offshore Egypt. Following the completion of the additional Egyptian well, Maersk Discoverer will perform its scheduled Special Periodic Survey, after which the rig will move to Trinidad and Tobago.

Source:http://bit.ly/2PNC43G

Subsea 7 awarded EPCI contract by Murphy Exploration and Production Company

Subsea 7 announced the award of a substantial contract by Murphy Exploration and Production Company – USA for the subsea installation services related to the Samurai, Khaleesi, and Mormont developments tying back to the King’s Quay semi-submersible. The King’s Quay host facility is approximately 175 miles south of New Orleans in the Green Canyon area of the Gulf of Mexico.

This contract covers the tie back of seven subsea wells to the King’s Quay host facility. The project scope includes engineering, procurement, construction, installation and commissioning of all subsea equipment including PLETs, PLEMs, umbilicals and distribution hardware, production and export flowlines and jumpers, as well as the wet tow in the Gulf of Mexico to the fields and mooring system installation of the semi-submersible FPS.

Project management and engineering will commence immediately at Subsea 7’s offices in Houston, Texas. Fabrication of the flowlines and risers will take place at Subsea 7’s spoolbase in Ingleside, Texas, with offshore operations occurring in 2021.

Craig Broussard, Vice President for Subsea 7 US, said, “We are honoured that Murphy has selected Subsea 7 for this key EPCI SURF and mooring project. Subsea 7 and Murphy have built a strong, collaborative working relationship over the years through the proficient execution of projects performed on budget and on schedule. This effective working relationship has set the stage for a best-in-class project delivery of one of the largest subsea development projects in the Gulf of Mexico. Subsea 7 will provide a single point contract for the SURF and mooring work scopes on this project, which allows for improved management of the interface risk.”

Source: http://bit.ly/2Ii6Zku

Baker Hughes secured EPC contract for Oman LNG project

Oman Liquefied Natural Gas LLC, awarded the project related to Engineering, Procurement and Construction (EPC) for the turbo-machinery scope of its debottlenecking project. The project has been awarded to international energy firm, Baker Hughes.

Under the terms of the deal, Baker Hughes will supply the new helper motors, variable-frequency drives and deliver the engineering, procurement and construction (EPC) for the said project scope.

Once the project completed, Oman LNG production capacity will be increased to 10 per cent equivalent to 11.4 million metric tonnes per annum (MMTA)

Debottlenecking is the process of highlighting specific areas in production trains, machinery equipment or the workflow configuration that would limit or constrain the flow of product inside the plant.

By optimizing plant operations, overall capacity can be raised further. The debottlenecking project comes as part of Oman LNG’s far-sighted strategic projects that will boost its efficiency.

Front-end engineering design (FEED) for the project completed in 2019 and awarded to Baker Hughes in Q4 2019.

The project will be executed over the next two years. The first train completion by the end of 2020, followed by the second LNG train in 2021, and the third LNG train by 2022.

Source:http://bit.ly/3cagmAp

total-awards-two-lng-agreements-to-worley

Total awards two Mozambique LNG agreements to Worley

Worley has been awarded two master service agreements by Total E&P Mozambique Area 1 Limitada (Total) to provide services to the Mozambique LNG Project.

Under the MSAs, Worley will provide in-and-out of country services, including engineering, consulting and specialist engineering for delivery of onshore and offshore (subsea) facilities. The services will support the development of the new LNG facility.

The services will be executed by Worley’s local Mozambique operation with support from Worley’s global businesses including Advisian. Worley has supported the LNG development, located on the Afungi peninsula in Cabo Delgado province since gas was first discovered there in 2010.

“We are pleased to continue providing services to the LNG development and to support one of Africa’s largest projects. Through the MSAs, we will help Total and its partners in the Mozambique LNG Project meet the world’s changing energy needs,” said Andrew Wood, Chief Executive Officer of Worley.

Source: https://keyfactsenergy.com/news/6718/view/

Samsung C&T bags construction contract for EWEC’s Fujairah F3

Seoul-based and Korea Exchange-listed (KRX) Samsung C&T has been awarded the $948.5m contract for the construction of the 2.4GW Fujairah F3 combined cycle power plant by Japan’s Marubeni Corporation.

Fujairah F3 is Emirates Water and Electricity Corporation’s (EWEC) thirteenth project to be developed under the independent power producer (IPP) model. The project will be constructed between the existing Fujairah F1 and Fujairah F2 power and water plants.

Earlier this month, Abu Dhabi Power Corporation (ADPower), which is owned by Abu Dhabi Development Holding Company and Japan-based Marubeni Corporation formed a consortium to begin construction works on Fujairah F3.

In a statement, Samsung C&T said that it will carry out work on the project as an exclusive engineering, procurement, and construction (EPC) contractor. The construction phase of the project is expected to complete in April 2023.

The company added that one of the major reasons behind it winning the contract has been its “extensive experience in building many power plants throughout the Middle East”.

Once complete the plant will fulfil power needs of nearly 380,000 homes in the northern region of the UAE.

The government of Abu Dhabi will indirectly own a 60% stake in the project, while the remaining 40% will be owned by Marubeni Corporation.

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

Siemens wins modernization contract for Middle East jackup by Arabian Drilling Company

Siemens was awarded a contract by Arabian Drilling Company to modernize a complete and integrated drilling-drives lineup, including auxiliaries and controls, that will be installed on an offshore jackup drilling rig for a customer in the Middle East. In addition to new features and benefits, the upgrade will also enable the customer to meet the latest safety standards. Delivery of the new system is planned for the early part of 2021.

The contract includes engineering, design, manufacturing, and delivery of the fully integrated modernization based on Siemens’ BlueDrive™ technology. The Siemens solution, known as Master2Blue, will use the footprint, cable network, and communication principles of the existing system, enabling quick, modular-style installation, commissioning, and startup. The system is a DC power grid that includes power electronics, controls, and cooling of 10 integrated variable speed drives.

The BlueDrive system, developed and refined over the years to meet the offshore industry’s demanding requirements, is ideal for energy distribution in propulsion and drilling systems. The BlueDrive system is an efficient, environmentally friendly multi-drive solution that provides high levels of reliability, availability, and ease of service, with low emissions and an option for remote support.

Source: https://www.worldoil.com/

Descon wins 2 projects from ADNOC

Descon has recently won 2 projects from ADNOC. One is a CON 17-075 – Rigging Trade term Contract for Das Island from ADNOC LNG, while the other one is for replacement of welded valves in 46″ NMGL at CTU-Das-L . ADNOC is one of Descon’s most important clients, and ‘EPC’ Retrofits is a segment that Descon wishes to increase its competence in, especially in the UAE region. Hence both these jobs are of great strategic importance for Descon.

Abu Dhabi National Oil Company (ADNOC) is a diversified and integrated group of energy companies. ADNOC’s activities include exploration and production of crude oil and natural gas; refining, marketing, supply and transportation, and the manufacture and distribution of petrochemicals.

Internationally, Descon Engineering Limited is a multinational engineering company renowned for its quality, safety and on-time delivery of projects and products. It specializes in design engineering, manufacturing, construction, maintenance, automation & control. It operates in diverse sectors such as Oil & Gas, Cement, Power, Hydro Power, Water, Fertilizer.

Descon has been executing projects on EPC basis since the early 1990s based on in-house facilities for engineering design, manufacturing/procurement, construction, commissioning and maintenance wrapped up with the overall project management expertise. The EPC Division is at the forefront of the Company’s strategic direction to ascend the value chain by providing turnkey solutions tailored to the clients’ requirements.

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

Petrofac awarded US$40 million project by Sharjah National Oil Corporation (SNOC)

Petrofac’s Engineering & Production Services division (EPS) has been awarded an engineering, procurement, construction and commissioning (EPCC) contract by Sharjah National Oil Corporation (SNOC), worth around US$40 million, for a project in the United Arab Emirates.

The award demonstrates delivery against EPS’s strategy to secure smaller greenfield and brownfield EPC projects, utilising its footprint and infrastructure in existing core markets.

Mani Rajapathy, Managing Director, EPS East, commented:

“We are delighted to be awarded this contract by Sharjah National Oil Corporation, a longstanding Petrofac client that we have worked with successfully for many years. The award is important strategically as EPS looks to develop its track record in smaller greenfield and brownfield EPC projects. It also leverages Petrofac’s best-in-class expertise and experience in upstream gas and represents another win in one of our core markets of Sharjah and the UAE. We look forward to delivering a safe and successful project for SNOC.”
Source: www.petrofac.com

Worley awarded two contracts by Total for the Mozambique LNG Project

Energy contractor giant Worley Ltd announced that it has won two LNG contracts from Total.

Worley said that it had been awarded two master service agreements (MSAs) by Total for the Mozambique LNG Project to provide in-and-out of country services, including engineering, consulting and specialist engineering for delivering onshore and offshore (subsea) facilities to support the development of the new LNG facility.

Worley’s local Mozambique operation will execute the services with support from Worley’s global businesses including Advisian. Worley has supported the LNG development since gas was first discovered there in 2010.

Worley CEO Andrew Wood said: “We are pleased to continue providing services to the LNG development and to support one of Africa’s largest projects. Through the MSAs, we will help Total and its partners in the Mozambique LNG Project meet the world’s changing energy needs.

Source: http://bit.ly/3bT8yTy

ADNOC Awarded $1.65 bln Construction Contracts for Dalma gas project to Petrofac and its joint venture with Sapura Energy.

Abu Dhabi National Oil Company (ADNOC) awarded two contracts worth US$1.65 billion for the construction of offshore facilities for the Dalma gas development project to Petrofac and its joint venture with Sapura Energy.

The two engineering, procurement and construction (EPC) contracts are expected to be completed in 2022 and will enable the Dalma Gas Development project to produce around 340 million standard cubic feet per day (mmscfd) of natural gas.

The Dalma project, located about 190 kilometers northwest of Abu Dhabi city, is a key part of the Ghasha ultra-sour gas concession which is central to ADNOC’s strategic objective of enabling gas self-sufficiency for the United Arab Emirates (UAE).

Also, 70 percent of the total award value will flow into the UAE’s economy under ADNOC’s In-Country Value (ICV) program, reinforcing ADNOC’s commitment to maximizing value for the UAE as it delivers its 2030 strategy.

Yaser Saeed Almazrouei, executive director of ADNOC’s Upstream Directorate, said: “This award marks another important milestone in the development of the Ghasha concession which is an integral component of our strategy to achieve gas self-sufficiency for the UAE. It demonstrates how ADNOC is effectively collaborating with strategic partners that can deploy state-of-the-art technologies and world-class expertise to accelerate the development of Abu Dhabi’s substantial gas resources.

“Petrofac and Sapura Energy were selected to deliver this crucial project after an extremely competitive and rigorous tender process that ensures that 70 percent of the award value will flow into the UAE’s economy as In-Country Value, stimulating local economic growth and supporting the diversification of the nation’s economy in line with the leadership’s wise directives.”

Under the terms of one EPC contract valued at $591 million (AED 2.17 billion) and awarded to a joint venture (JV) between Petrofac and Sapura Energy, the JV will execute the engineering, procurement and construction of four offshore wellhead towers, pipelines and umbilicals in Hair Dalma, Satah, and Bu Haseer fields.

Under the terms of the other EPC contract, valued at $1.065 billion (AED 3.9 billion) and awarded to Petrofac, the contractor will carry out the engineering, procurement and construction of gas conditioning facilities for gas dehydration, compression and associated utilities in Arzanah Island located 80 kilometers from Abu Dhabi city. The gas will then be sent to Habshan Gas Processing Plant for further processing required to produce sales gas, condensate, and sulphur.

George Salibi, Petrofac’s Chief Operating Officer – Engineering & Construction, said: “We are fully committed to supporting continued and sustainable investment in Abu Dhabi’s oil and gas industry through our strategic focus on maximising local delivery and are pleased that our approach will generate substantial In-Country Value for the local economy. These latest contract awards build on our existing relationship with ADNOC Group companies and we look forward to delivering this mega project in a safe, successful and sustainable manner.”

Tan Sri Shahril Shamsuddin, President and Group CEO of Sapura Energy, said: “We are committed to delivering the Dalma Gas Development Project with our hallmark technical capabilities in offshore engineering and construction. Our priority is to support ADNOC in unlocking value from their asset.”

As part of the selection criteria for the awards, ADNOC carefully considered the extent to which bidders would maximize In-Country Value in the delivery of the project. This is a mechanism integrated into ADNOC’s tender evaluation process and is aimed at nurturing new local and international partnerships and business opportunities, catalyzing socio-economic growth and creating job opportunities for UAE nationals.

The successful bids by Petrofac and Sapura Energy prioritized UAE sources for materials, local suppliers and workforce, resulting in a total spend of over $1.15 billion (AED 4.2 billion) which will flow into the UAE’s economy.

Source:http://bit.ly/2P4gveZ

Fluor Awarded Engineering, Procurement and Construction Contract for World-Scale Adiponitrile Plant

Fluor Corporation announced that it was recently awarded a contract to provide engineering, procurement and construction for a new 400 kilo-ton-per-annum adiponitrile (ADN) plant in Shanghai, China. The new ADN plant is part of INVISTA’s ongoing work at the Shanghai Chemical Industry Park where the company recently completed a 215 kilo-ton-per-annum hexamethylenediamine (HMD) plant and a 150 kilo-ton-per-annum nylon 6,6 polymer plant. Fluor booked the undisclosed contract value in the fourth quarter of 2019.

“Fluor has been providing engineering, procurement and construction solutions to clients in China for more than 40 years,” said Mark Fields, group president of Fluor’s Energy & Chemicals business. “With this award, our proud legacy in China continues and we look forward to supporting INVISTA’s efforts to expeditiously increase production of ADN with their company’s most-advanced technology to meet growing demand within China and globally.”

When complete, INVISTA’s new ADN plant will integrate with its existing HMD and polymer facilities to directly supply domestic customers with the key building blocks to produce nylon 6,6 and other high-value products in China. These products are used in the production of a variety of goods, including those in the automotive, industrial, apparel and consumer electronics industries.

“We’re pleased to be working with Fluor to advance our ADN project in China,” said Bill Greenfield, president, INVISTA Intermediates. “We’re excited about this project and are committed to maintaining an accelerated timeline—with completion planned in 2022.”

Source: http://bit.ly/2uX7nSe

McDermott Awarded Contract for EPFC Work

McDermott International, Inc. announced it has been awarded a contract by a major oil and gas operator for six crude oil storage tanks in Texas. The storage tanks will be part of an energy infrastructure project linking the Permian Basin in West Texas to the Texas Gulf Coast.

The scope of the project, which will be executed by CB&I Storage Solutions, includes the engineering, procurement, fabrication and construction (EPFC) of six floating roof crude oil tanks—four with a 500,000-barrel capacity each and two with a 250,000-barrel capacity each. Engineering, procurement and fabrication will be performed at the company’s Houston Fairbanks office and fabrication facility.

“We have a strong track record of providing world-class storage solutions for major energy infrastructure projects all over the world,” said Cesar Canals, Senior Vice President of CB&I Storage Solutions. “This new award is a testament to our service offerings and capabilities, including our vast experience in engineering, fabricating and constructing complex, large-scale storage tanks.”

The award will be reflected in McDermott’s fourth quarter 2019 backlog.

The contract range for this award is between USD $1 million and $50 million.

Source: http://www.mcdermott-investors.com/

$15B Texas LNG Project Wins DOE Authorization

The U.S. Department of Energy (DOE) has issued an order authorizing NextDecade Corp. to export liquefied natural gas (LNG) from its Rio Grande LNG facility in Brownsville, Texas, to non-free trade agreement (non-FTA) countries.

Gaining authorization to export LNG to countries that do not have free trade deals with the United States marks the latest regulatory milestone for NextDecade, which last November won a key approval from the Federal Energy Regulatory Commission (FERC). The FERC order allows NextDecade to site, construct and operate Rio Grande LNG and the associated Rio Bravo Pipeline.

“We greatly appreciate the Energy Department’s diligent review of our Rio Grande LNG project, as well as Secretary Brouillette’s continued support for the export of abundant and reliable U.S. energy to our partners and allies,” NextDecade Chairman and CEO Matt Schatzman commented. “This is another significant milestone for our Rio Grande LNG project, which will play a crucial role in linking natural gas from the Permian Basin and Eagle Ford Shale to the global LNG market, providing countries around the world access to cleaner energy.”

The Rio Grande LNG export facility would boast a liquefaction capacity of 27 million tons per annum (mtpa). It would receive up to 4.5 billion cubic feet (Bcf) per day of natural gas from the Agua Dulce area via the Rio Bravo Pipeline. With the ability to export to FTA and non-FTA countries, the Rio Grande complex is authorized by DOE to export 3.61 Bcf per day of natural gas as LNG.

“If built to capacity, the Rio Grande LNG project, including the connected Rio Bravo pipeline, is expected to create over 5,000 jobs during peak construction and represents infrastructure investment in excess of $15 billion,” the DOE noted in a written statement upon issuing the order authorizing export to non-FTA countries.

NextDecade’s Rio Grande LNG website states the company expects to make a final investment decision on the project this quarter. The facility could commence commercial operations in 2023.

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

Qatargas Signs Long Term SPA to Supply LNG to Kuwait

Qatargas announced the signing of a new, long term Liquefied Natural Gas (LNG) Sale and Purchase Agreement (SPA) with Shell to deliver 1 million tons per annum of LNG to the State of Kuwait, commencing this year.

Commenting on the signing of the SPA, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs said, “We are pleased to announce this new long term agreement between Qatargas and Shell for the supply of LNG to the State of Kuwait, following the recent agreement signed between Qatar Petroleum and Kuwait Petroleum Corporation. These agreements demonstrate our commitment to the State of Kuwait, which is a very important LNG market and is part of our strive to be the LNG supplier of choice for our customers. I would like to take this opportunity to thank our valued partner, Shell, with whom we share a long history of fruitful collaboration and we look forward to continuing to work together to put LNG at the forefront of the world’s drive towards cleaner and more sustainable energy sources.”

His Excellency Minister Al-Kaabi added, “This new SPA also further underlines Qatargas’ position as the market leader in LNG and demonstrates the Company’s distinguished track-record of providing reliable LNG to the global market place and its continued ability to capture opportunities in a highly competitive environment.”

Commenting on the new SPA, Khalid bin Khalifa Al Thani, Chief Executive Officer, Qatargas, said, “Qatargas is delighted to conclude this new SPA with Shell. We believe this agreement provides a win-win solution for both companies and deepens the relationship with a valued partner and shareholder. Qatargas is committed to meeting the clean energy needs of customers who depend upon reliable, flexible LNG deliveries.”

The SPA provides for the supply of LNG from Qatar Liquefied Gas Company Limited (4) (“Qatargas 4″), a joint venture between Qatar Petroleum (70%) and Shell (30%).

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

Mozambique shows off Rovuma’s £42bn investment in a bid to attract North Sea suppliers

Natalia Camba, local content manager from the country’s National Petroleum Institute, was speaking at the opening of Subsea Expo about a trio of projects off the country’s coast which have attracted a combined $54bn of investment (£42bn).

Mozambique’s oil and gas sector remains in its “infancy”, with hopes to attract UK expertise to further develop the industry.

Ms Camba said there are “opportunities everywhere” for suppliers, with the Rovuma Basin so far being assessed to have 165 trillion cubic feet of gas in place.

The region has two projects already in development: the $8bn Coral field which is due to begin production in 2022 and the $23bn Golfinho/ Atum field.

Meanwhile the third, the $23.6bn Rovuma LNG project, is due for final approval in the first quarter of this year and will produce 15 million tonnes of liquefied natural gas per year.

Source:http://bit.ly/2uGf8vR

Oman Awarded $213 million Water Transmission Line Project

Public Authority for Water (Diam), Oman has awarded the Project “construction of Water Transmission Line between Barka and Suhar”. The project has been awarded to the Joint Venture of Spanish infrastructure and technology Company, Elecnor and Oman based construction firm Target LLC.

The value of the project is Omani Rial (OMR) 82,000,000. (1 OMR = 2.60078 USD).

The project scope of work includes design, procurement, and construction of the 144km long water transmission system on a lump-sum turnkey basis.

Construction of five reservoirs, ranging in capacities from 8,000 to 50,000 cubic meters along the length of the new system will be part of the contract. Five pumping stations will be constructed as well.

Once the project completed, it will be Oman’s biggest water transmission project. It will supply the potable water across the North and South Al Batinah governorates of the Sultanate of Oman.

Earlier, during 2017, Elecnor successfully completed Oman’s Qurayat Water Grid of Project value, $66.6 million.

Source:http://bit.ly/2SnJ3lG

Diamond secures over $50 million backlog with new North Sea extension

Offshore drilling contractor Diamond Offshore has been awarded a contract extension for one of its semi-submersible rigs. During the fourth quarter of 2019, Diamond managed to narrow its loss on the back of higher revenues despite lower day rates when compared to 4Q 2018.

During 2019, the company secured $620 million of backlog, including over $50 million secured in the fourth quarter related to a 12-month extension for the Ocean Patriot in the North Sea.

Namely, the 1982-built Ocean Patriot semi-submersible has been awarded a term extension with Apache in the UK North Sea. Under the extension, the rig’s contract is scheduled to end in early June 2021.

As of January 1, 2020, the company’s total contracted backlog was $1.6 billion, excluding approximately a $100 million margin commitment from one of the company’s customers.

Furthermore, Diamond said that its Ocean BlackHawk drillship will start operations offshore Senegal for Woodside in 2Q 2022 and end in 2Q 2023. The rig was previosuly expected to start Senegeal operations in 1Q 2022 and end in 1Q 2023. The contract with Woodside was agreed in April 2019.

The Ocean BlackHawk is currently working for Oxy in the U.S. Gulf of Mexico.

In a quarterly report on Monday, Diamond said that its revenues increased to $276.4 million in the fourth quarter of 2019 from $232.5 million in the corresponding period of 2018.

The company’s net loss narrowed to $74.8 million from a loss of $79.2 million in 4Q 2018.

Diamond’s average dayrate in 4Q 2019 dropped to $264,000 from $315,000 in the fourth quarter of 2018, but utilization increased t0 59% from 46% in 4Q 2018

Source: Offshore Energy Today

ChemOne announces US$3.38bil petrochemicals hub in Johor

ChemOne Group, an oil and gas, petrochemicals and natural resources conglomerate, has announced the launch of the US$3.38bil Pengerang Energy Complex (PEC) in Johor.

Construction of the facility is scheduled to start in the second half of 2020.

According to a statement by ChemOne, it will be the master developer and majority shareholder of the PEC, which aims to be a world-class petrochemical hub that will add value to the downstream oil and gas value chain in Malaysia.

Upon completion, the project will be one of the world’s largest integrated condensate splitter and aromatics facilities.

“This is in line with the Government’s Transformation Programme to increase Malaysia’s petrochemical output and establish it as a regional oil storage and trading hub,” said ChemOne.

The PEC will have a processing capacity of 150,000 barrels per day of condensate plus side feed of naphtha, an aromatics output of 2.3 million metric tons per annum; energy products output of 3.9 million mtpa and hydrogen of 50,000 mtpa.

The condensate splitter will produce heavy aromatics naphtha, a primary feedstock for the aromatics plant.

Over four years of construction, the PEC will hire over 7,000 employees.

It will employ 250 staff once it commences operations, of which 80% will be Malaysian.

ChemOne said the project will employ various external contractions, service providers and SMEs.

“Overall, PEC is estimated to require the use of US$600-750 million worth of Malaysian-made content and catalyse additional investments of US$500-600 million for associated infrastructure, storage and other facilities,” it said.

It is expected to reach full capacity by 2024, and generate an annual export turnover of US$5bil for Malaysia.

Maire Tecnimont of Italy is ChemOne’s engineering, procurement, construction and commissioning (EPCC) partner for the project while UOP is the technology provider for PEC.

SNC-Lavalin Gets Four Contracts from Korea Hydro and Nuclear Power

SNC-Lavalin announced its wholly-owned subsidiary Candu Energy has been awarded four contracts by Korea Hydro and Nuclear Power (KHNP) worth approximately $22 million in total.

The awards consist of multi-campaign field inspections, prolonged operation assessment and thermalhydraulic computer code updates.

The inspections will provide assurance to KHNP and the Korean nuclear regulator that the CANDU nuclear reactors at the Wolsong site continue to be safe to operate until the next planned inspection.

All the contracts are within SNCL Engineering Services, the cornerstone of our strategy moving forward to greater growth and support for our partner and customer.

SNC-Lavalin will inspect fuel channels and perform pressure tube sampling campaigns for Wolsong Units 2, 3 and 4, all to begin in 2020.

Engineering analysis and assessment will be completed on the fuel channels and fuel channel components (including calandria tubes) for Wolsong Units 2, 3, and 4.

The thermal-hydraulic computer codes (CATENA and NUCIRC) update will support KHNP in updating the safety analysis report for Wolsong units 2,3 and 4.

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

Etihad Rail Wins Package A Stage 2 contract to Power China, L&T

A joint venture of Indian contracting heavyweight Larsen & Toubro (L&T) and Power China International has been picked to work on Package A of Stage 2 of the UAE’s national railway network, Etihad Rail, which will be 1,200-kilometre-long upon completion.

Construction works under the package was launched by HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, chairman of the Abu Dhabi Crown Prince’s Court, and chairman of Etihad Rail.

The Indian-Chinese JV will construct freight facilities for the railway network which will be carried out at a total cost of $509.1m (AED1.87bn). Under the terms of the contract, the companies will be jointly responsible for the surveying, design, construction, equipment installation, testing, and pre-commissioning of each facility.

Package A will cover 139km, starting from Ghuweifat on the UAE border with Saudi Arabia to Ruwais, where the line connects with Stage 1 of the rail network. Construction activities under Package A will involve the use of 700,000m3 of ballast, 27,215,542 tonnes (t) of earthwork, and the installation of over 450,000 concrete sleepers provided by Etihad Rail’s own manufacturing plant that produces up to 45,000 railway sleepers each month.

With the contract award, Etihad Rail has completed the contract-awarding process of Stage 2 of the national network which will connect Fujairah and Khorfakkan on the emirates’ east coast to the UAE border with Saudi Arabia at Ghuweifat.

Commenting on the contract award, HH Sheikh Theyab bin Mohamed said that the launch of construction works under Package A witnessed Etihad Rail’s “transition from planning and design to actual implementation of the project on the ground”.

he contract was signed by chief executive officer of Etihad Rail, Shadi Malak; L&T’s Anupam Kumar and Power China International’s Hong Lee, in the presence of L&T’s managing director, S N Subrahmanyan and president of Power China International, Wu Wenhao, the Emirates News Agency reported.

Etihad Rail is constructing a series of freight facilities in Ruwais, Industrial City of Abu Dhabi (ICAD), Khalifa Port, Dubai Industrial City (DIC), Jebel Ali Port, Al Ghayl and Siji, Fujairah and Khorfakkan Ports

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

UAE finds new natural gas field between Abu Dhabi, Dubai

The United Arab Emirates on Monday announced the discovery of a natural gas field containing 80 trillion standard cubic feet of gas between Abu Dhabi and Dubai.

Authorities said the new Jebel Ali field would help the Emirates become more energy independent, as the UAE now imports natural gas from Qatar for electricity.

Leaders of Abu Dhabi and Dubai witnessed the signing of an agreement between Abu Dhabi National Oil Company (ADNOC) and Dubai Supply Authority for the exploration and development of the gas resources.

Qatar has continued to supply its Gulf neighbour with gas via the Dolphin pipeline, despite being blockaded by the UAE and three other Arab nations over a years-long political dispute.

In June 2017, Saudi Arabia, the UAE, Bahrain and Egypt imposed a land, air and sea blockade on Doha, accusing it of “supporting terrorism”.

Qatar has repeatedly and vehemently denied the allegation.

The agreement with Qatar “reinforces ADNOC’s commitment to ensuring a sustainable and economic gas supply and achieving gas self-sufficiency”, said the firm’s CEO, Sultan al-Jaber.

ADNOC and the Dubai Supply Authority will explore and develop the shallow gas field, which spans some 5,000 square kilometres (1,930 square miles), ADNOC said.

Monday’s statements gave no details on the timeframe for the new gas resources to come on stream or the estimated cost of the projects.

Shallow gas resources are reserves found trapped not too deep from the surface but they need advanced technology for production.

Qatar is the world’s largest liquefied natural gas (LNG) producer.

It produces and supplies the globe with 42 million metric tonnes of LNG annually. Most of this gas is pumped from the North Field, which is part of the world’s largest gas field that is shared between Qatar and Iran.

KBR AWARDED MAJOR PMC SERVICES CONTRACT BY ADNOC FOR GHASHA CONCESSION PROJECT

KBR has been awarded a major Project Management Consultancy (PMC) services contract by Abu Dhabi National Oil Company (ADNOC) for the Ghasha Concession portfolio of projects.

Under the terms of the contract, KBR will act as the main PMC contractor responsible for managing the successful Engineering, Procurement and Construction (EPC) contractors for Packages A & B of the Dalma Gas Development Project, Packages 1-5 of the Hail & Ghasha Development Project, Hail & Ghasha Islands Project as well as the Deep Gas Project. This work is expected to be performed over four years with an optional extension for two more years.

The Ghasha mega-project has the potential to meet about 20 percent of the UAE’s gas demand by around the second half of the decade. In addition, more than 120,000 barrels per day of oil and high-value condensates are expected to be produced when the project is on stream.

“We deeply appreciate the tremendous amount of trust that ADNOC has placed in KBR to project-manage such a significant share of this strategic Ghasha Concession program,” said Stuart Bradie, KBR President and CEO. “This award highlights ADNOC’s confidence in KBR’s reputation as the industry leader in the provision of value-added PMC services for similar mega gas-field development projects.”

“We look forward to continuing our long-term relationship with ADNOC and to demonstrating once again our world class ability to manage large-scale, complex projects such as this on time, within budget, but most of all with a strict safety culture,” Bradie continued. “We are confident that the Ghasha Concession Project will significantly boost In-Country Value. As always, KBR remains fully committed to act as one of ADNOC’s strategic partners to achieve the targeted In-Country Value objectives.”

Source: https://www.kbr.com/en

Al-Zour Refinery Consultancy Services tender issued by Kuwait

As per the notification, KIPIC intends to appoint a professional Contractor who will provide Consultancy for Project Engineering and Management Services for various projects at Al-Zour Refinery, Petrochemical Complex, LNG Import Facilities and other facilities belonging to Kuwait Integrated Petroleum Industries Company (KIPIC).

From time to time, the Contractor’s services may also be required to handle certain assignments of other Kuwait Petroleum Corporation (KPC) subsidiaries.

One of the major Services considered under the Contract is development of FEED and PMC Services for EPC for the Al-Zour Refinery Project (ZOR) Upgrade Project.

ZOR Upgrade Project is essentially a part of the expansion in local refining capacity and covers the requirement under ZOR Refinery.

The Project is currently under feasibility stage and in the event that the KIPIC decides to include the required services under the Scope of Services of the Contract, the feasibility report will be provided to the Contractor for the development of PMP.

The categories of Services to be provided by the Contractor shall includes the following:

Services Management
Engineering Services, including Sub-Contractor Services
Project and Construction Management Services
Technical Assistance Services outside Kuwait / outside Contractor’s office locations
Deputation of Contractor’s Personnel

The Contract Period will be mobilization Period (maximum of three months) plus seventy-two (72) Months starting from the Start Date of the Contract

KIPIC sets the tender fee as KWD 10,000 ($32,900). At present bid submission date is 03 May 2020.

Source: http://bit.ly/36RYTc5

EQUINOR AWARDS SUBSEA INTEGRATION ALLIANCE INTEGRATED FEED CONTRACT FOR BACALHAU FIELD

Schlumberger announced an award to Subsea Integration Alliance of an exclusive contract by Equinor for the front-end engineering design (FEED) on its Bacalhau (formerly Carcará) project offshore Brazil. The contract scope brings together field development planning, project delivery and total life cycle solutions under an extensive technology and services portfolio.

The contract is based on a two-step award. The FEED and pre-investment are starting now, with an option for the execution phase under a lump-sum turnkey setup that includes engineering, procurement, construction and installation for the entire subsea umbilicals, risers and flowlines (SURF) and subsea production systems (SPS) scope. Option for the contract is subject to Equinor’s planned investment decision for the Bacalhau project in late 2020. The field development will include 19 wells. Furthermore, Subsea Integration Alliance will also be responsible for life-of-field support, representing a fully integrated contract model across the entire field life cycle, from engineering and early engagement to aftermarket services.

“We are extremely pleased that Subsea Integration Alliance has been awarded the FEED contract for the Bacalhau project,” said Henning Berg, CEO, Subsea Integration Alliance LLC. “The award comes on the back of a design competition where we have demonstrated our ability to maximize asset value through our integrated field development service. This involves dynamically connecting reservoir, production and economic models with well, subsea infrastructure and topside facilities in a single, collaborative environment using the Subsea Planner* collaborative field development solution. Through its tools and methodologies, Subsea Integration Alliance helps uncover the true value of an asset while seamlessly unifying planning and execution.”

“The award to Subsea Integration Alliance of the FEED contract for the Bacalhau project exemplifies our commitment to in-country value for Brazil, enabling regional efficiency and performance while increasing local content and alignment with Equinor’s strategic priorities,” said Don Sweet, president, OneSubsea.

The Bacalhau Field has located 185 km from the coast of the municipality of Ilhabela/SP, in the state of São Paulo, in a water depth of 2,050 m. Bacalhau is Brazil’s first integrated SPS and SURF project. The award is a significant endorsement of Subsea Integration Alliance’s strong position within the integrated market, our long-established local presence in Brazil and a commitment to support Equinor’s strategy of long-term growth in the region.

Source: https://keyfactsenergy.com/news/6503/view/

Samsung Engineering wins $1.85bn Aramco gas storage contract

Samsung Engineering signed a $1.85bn contract for the Aramco HUGRS (Hawiyah Unayzah Gas Reservoir Storage) project.

The project is located at Hawiyah, 260km east of Saudi Arabia’s capital Riyadh, and includes gas injection facility of 1,500 million standard cubic feet per day (MMSCFD); and a gas reprocessing facility of 2,000 MMSCFD. It is a project to introduce surplus sales gas into existing well during winter and reproduce gas to match the increase in demand in the summer, due to regional characteristics, it said.

Samsung Engineering will execute the whole engineering, procurement and construction (EPC) process and expects the Aramco HUGRS to be completed in 2023.

The scope of work includes gas injection facility with booster compressors and injection compressors, gas reproduction facility with reproduction compressors and slug catchers as well as utilities and offsite facilities, it said.

“Samsung Engineering is confident in the success of this project, based on its rich local experience in Saudi Arabia and its strong partnership with the client. Since its first entry into Saudi Arabia in 2003, Samsung Engineering has carried out more than 30 projects worth about $15 billion, half of which are Aramco projects,” it said.

Samsung Engineering’s President & CEO Sungan Choi stated: “Samsung Engineering is honoured to receive this contract and believes that our previous regional experience, engineering excellence and partnership with the client lead to this order. Continuing to provide safe and quality projects, Samsung Engineering will ensure that this project will leave a mark in Saudi Arabia and will lead to build on our position in the Middle East overall.”

Source:http://bit.ly/37S7ihd

EQUINOR WINS FEED CONTRACTS IN BRAZIL

Equinor has, on behalf of the partners ExxonMobil and Petrogal Brasil entered into Front End Engineering and Design (FEED) contracts with early commitments and pre-investments for phase 1 of the Bacalhau (formerly Carcará) area in Brazil. Contractors have been selected for both the SURF (Subsea, Umbilical, Risers and Flowlines) and the FPSO (Floating Production, Storage and Offloading) contracts.

Subsea Integration Alliance, SIA formed by Subsea7 and OneSubsea has been selected for the SURF contract and MODEC Inc. for the FPSO contract.

“Awarding these contracts is an important milestone in developing the Bacalhau area,” says Anders Opedal, Equinor’s executive vice president for Technology, Projects & Drilling. “We have awarded these contracts to reputable companies with long experience in Brazil and we are now looking forward to further collaboration with SIA and MODEC to ensure a timely execution of the project.”

The SURF and FPSO contracts are based on a two-step award. The FEED and pre-investment are starting now, with an option for the execution phase under a lump sum turnkey contract setup which includes engineering, procurement, construction and installation for the entire SURF and FPSO scopes.

Source: https://keyfactsenergy.com/news/6473/view/

L&T’s construction arm bags ‘large’ order from Narmada Valley Development Authority

Engineering and construction major Larsen & Toubro (L&T) said its construction arm has bagged a “large” order from Narmada Valley Development Authority for executing a micro-irrigation project.

The company, however, did not provide the exact value of the contract, but according to its project classification, “large” orders are those valued between Rs 2,500 crore and Rs 5,000 crore.

“The water and effluent treatment business of L&T Construction has secured a prestigious EPC order from Narmada Valley Development Authority (NVDA), Government of Madhya Pradesh to execute the Indira Sagar-Parwati Phase III and IV Lift Micro Irrigation Project,” L&T said in a regulatory filing.

This, is a repeat order from NVDA, the fiiling said and added that L&T is already executing the Parwati Phase I and II and various other projects.

This new project envisages provision of water for micro-irrigation to one lakh hectares of cultivable command area in the Sehore and Shajapur districts of Madhya Pradesh by lifting 32.04 cumec (cubic metres per second) of water from the Indira Sagar Project Reservoir, the company said.

The order entails a survey, design, procurement, construction and installing of the pumping system, raising and distribution pipeline networks, electrical power transmission lines and automation system by SCADA (supervisory control and data acquisition), the filing said.

Source: http://bit.ly/2S4LUye

DORIS Awarded by BHP for the engineering of Trion SURF and export package

BHP Petroleum (via its subsidiary BHP Billiton Petróleo Operaciones de Mexico, S. De R. L. De C.V.) has contracted DORIS Inc. for the execution of Engineer Services for the SURF and Export Pipeline scopes of work of the Trion Project located in the Mexican Sector of the Gulf of Mexico.

The Trion field encompasses an area of 1,285 sq km (798 sq mi) and is located in the Perdido belt at a water depth of approximately 2570 meters. BHP is the operator holding a 60 percent interest in the development and PEMEX Exploration and Production is the non-operating partner with a 40 percent interest.

Christophe Debouvry, CEO of DORIS Group, said: “This project is a strategic win for DORIS Group. It is the recognition of our strong experience in deepwater developments, it complements our portfolio in Mexico, and it strengthens our relationship with BHP”

Source: https://keyfactsenergy.com/news/6445/view/

Adnoc’s $15 Billion Gas Pipeline Draws BlackRock, GIP Interest

Global Infrastructure Partners and KKR & Co. are among suitors considering bidding for a stake in natural gas pipelines being sold by Abu Dhabi’s state-owned energy giant, people familiar with the matter said.

Australia’s IFM Investors Pty and Ontario Teachers’ Pension Plan are also weighing offers for a stake in Abu Dhabi National Oil Co.’s gas pipeline unit, according to the people. A deal could value the business at as much as $15 billion including debt, the people said, asking not to be identified because the information is private.

The oil giant expects to receive first-round bids in mid-February, the people said. Adnoc is seeking to sell as much as 49% of the business through a lease structure, according to the people.

Abu Dhabi, the capital of the United Arab Emirates, is among Persian Gulf oil producers that are opening up their operations to outside investment to attract fresh capital and diversify their economies. Adnoc has raised billions of dollars by bringing in partners for businesses including its refining unit and drilling business.

No final decisions have been made, and there’s no certainty the companies will proceed with firm offers for a stake in the Adnoc gas pipelines, the people said. Representatives for Adnoc, BlackRock, KKR and Ontario Teachers declined to comment. Representatives for IFM and GIP didn’t immediately respond to requests for comment.

KKR and BlackRock agreed last year to invest $4 billion in Abu Dhabi’s oil pipelines, securing two decades of guaranteed returns. The deal was the first investment by foreign asset managers in the infrastructure of a Middle Eastern government-owned oil producer. Singapore sovereign wealth fund GIC Pte also invested in the business later.

Source:https://bloom.bg/312fwk9