Kochi

Fluor to Provide Project Management Consultancy Services for BPCL’s Polyols Petrochemicals Project in India

Fluor Corporation announced that it was awarded a project management consultancy services contract by Bharat Petroleum Corporation Limited (BPCL) for its Polyols Petrochemicals Project at its existing integrated refinery and petrochemicals complex in Kochi, Kerala, India. Fluor’s scope of work includes front-end engineering and design of both the inside and outside battery limits as well as detailed design, engineering, procurement and construction management services for the facility’s utilities and offsites. Fluor booked its portion of the undisclosed contract value in the fourth quarter of 2019.

“Fluor is honored to be selected as the project management consultant for BPCL’s prestigious polyols project in Kochi,” said Mark Fields, group president of Fluor’s Energy & Chemicals business. “We look forward to working with BPCL to deliver a world-class facility that will help meet growing domestic demand for polyols and reduce India’s dependence on petrochemicals imports.”

Six new process units will be built as part of this project and integrated into the existing refinery. New process units will include propylene oxide, propylene glycol, polyols, ethylene oxide/monoethylene glycol, ethylene recovery unit and a cumene unit.

When complete, the Kochi complex will produce propylene glycol, ethylene glycol and various grades of polyols based on 250 kilotonnes per annum of polymer grade propylene. Polyols are used for a variety of applications in the automobile, textile and furniture industries. They are also widely used in construction as insulation and sealants.

“BPCL is making major advancements at its Kochi Refinery to produce niche petrochemicals that are extensively imported into India to manufacture polyurethanes used in footwear, foam and other items,” said Mr. Murali Madhavan, executive director of BPCL’s Kochi Refinery. “We are happy that Fluor, an internationally reputed engineering and consultancy organization, has been selected as the project management consultant for the project.

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

halliburton

HALLIBURTON WINS CONTRACTS FOR INPEX OPERATED ICHTHYS PROJECT FIELD DEVELOPMENT

Halliburton has been awarded seven contracts for drilling and completion services for the next phase of field development of the INPEX-operated Ichthys Project in the Browse Basin offshore northern Australia.  

The well development campaign is due to start in March 2020 and will continue for an estimated 3-year term. The contracts awarded include directional drilling, logging while drilling, surface data logging, drilling and completions fluids, cementing, liner hangers, coring and well completions services.

“We are excited to win this work and to collaborate with INPEX to deliver our extensive drilling and completions services in addition to our digital capabilities in the strategically significant Browse Basin,” said Jason Jeow, vice president of the Australasia region for Halliburton.

Halliburton’s Western Australian facilities in Jandakot and Broome will support the project. The Company expects to hire locally at its Broome facility to support the contract.

Source: https://keyfactsenergy.com/news/6461/view/

SAExploration

SAEXPLORATION ANNOUNCES $42 MILLION OF NEW PROJECTS IN OFFSHORE WEST AFRICA

SAExploration announced two new projects in offshore West Africa. The projects are valued at approximately $42 million in the aggregate and are scheduled to occur primarily during the 2nd quarter of 2020 and last approximately 71 days. Services to be provided will include 3D/4D data acquisition utilizing autonomous ROV-deployed nodal recording technology in water depths up to 1,700 meters.

In addition, as previously disclosed, SAE recently sold certain Alaska North Slope seismic library datasets to a third party and has used $14.5 million of the net proceeds of the sale to reduce indebtedness under its credit facility.

Michael Faust, Chairman, President and CEO of SAE, commented, 
“We are very pleased to be awarded these projects, which is further evidence of our customers’ confidence in our ability to deliver high quality datasets in a safe and environmentally friendly manner.  A high priority for us is to improve our balance sheet. The sale of non-core assets to reduce debt has been an important tool to deliver on that priority.”

Source: https://keyfactsenergy.com/news/6419/view/

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Kuwait signed $1.6 billion Umm Al Hayman wastewater PPP Project

The project aims to develop the wastewater treatment project in Umm Al-Hayman in view of the urgent need to expand the capacity of wastewater treatment and the removal of the wastewater treatment plant currently located in the southern region of Kuwait.

The project consists of the construction of a new sewage treatment plant within the boundaries of the current Umm Al-Hayman purification plant to treat wastewater.

The initial capacity of the project will be 500,000 cubic meters of average daily flow. The construction of sewage and treated water lines from AlAgaila pumping station to the new station and a major power transformer station also part of the contract.

The sewage treatment plant will be expandable by 200,000 cubic meters per day, with a final capacity of 700,000 cubic meters per day.

The project consists of two parts, one of which will be developed according to the BOT system and the second according to the design, construction and operation system (DBO).

The investor will have to operate and maintain the plant for a period of 25 years from the date of completion.

The investor will also have to ensure the establishment of a system of transport and distribution of the network.

The network includes the transfer of sewage water to the plant, the treated wastewater transportation and distribution network and the operation of the transmission and distribution system for a period of 3 years from the date of operation.

The project will then be handed over to the Ministry of Public Works in accordance with the specific part of the DBO system.

Source:http://bit.ly/2O1AZoa

saimen

Siemens Buys Indian Electrification Company C&S Electric In $296 Million Deal

Siemens is buying Indian electrical equipment maker C&S Electric in a 267 million euro ($296.21 million) deal, the German industrial group said.

The privately held New Delhi-based company makes low-voltage switchgear parts, metering devices and other products used to transmit and distribute electricity, Siemens said.

The C&S deal comes as Siemens reorganises itself around its smart infrastructure and industrial automation businesses when it spins off its energy business this year.

C&S, which employs 5,000 people, had estimated sales of around 150 million euros in 2019, with an operating profit margin of 10 per cent to 15 per cent, Siemens said.

Andreas Matthe, chief executive of the low-voltage products business at Siemens’s Smart Infrastructure division, said buying C&S would help Siemens provide products for the Indian low-voltage market, which has been growing at around 6 per cent per year.


Siemens wants to boost its presence in India’s home-building, construction and infrastructure sectors like airports, Matthe said.

“India is one of the fastest growing markets in the world, and there is so much to do in terms of infrastructure and improving the energy supply,” Matthe said.

Siemens will buy around 99 per cent of the equity share capital under the agreement, which is subject to regulatory approvals.

The trains to industrial software maker, which is due to report its first-quarter earnings on Feb. 5, said it was also looking to set up a design and manufacturing hub in India following the completion of the acquisition.

Source:http://bit.ly/3aNwjM2

KOC---WorleyParsons

Worley lands FEED contract for Total’s 20,000 psi North Platte field development

Worley has been awarded the Front-End Engineering Design (FEED) contract for TOTAL E&P USA’s North Platte field development in the Gulf of Mexico.

Located approximately 275 kilometers off the coast of Louisiana, the North Platte field development includes a semi-submersible floating production unit (FPU) in water over 1,300 meters deep.

The project brings together Worley’s recently acquired capability for the floating production unit topside design with Intecsea experience for the design of the hull, mooring and subsea pipelines. Now under one roof, Worley’s expanded capability to deliver flexible floating production unit designs with capital efficiency and minimal time to market proved a key contributor to this award.

Having completed the pre-FEED phase in August 2019, this award extends Worley’s involvement in Total’s deepwater Gulf of Mexico project.

“We are delighted to continue supporting Total’s return to Gulf of Mexico operations through the North Platte development,” said Karen Sobel, Group President for Major Projects and Integrated Solutions at Worley.  “This project provides Worley with an opportunity to bring together our complimentary capability in both topside and hull design to offer complete, capital efficient and lightweight deep-water solutions. It’s an exciting prospect for our customers and our business.”

The FEED component of the project is being led by Worley’s Houston office with support from its Hyderabad office in India.

The North Platte Development forms part of Total’s reentry, as an operator, into Gulf of Mexico operations with oil production expected to average 75,000 bpd at plateau level.

TOTAL expects to make its final investment decision in 2021.

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

quait

Kuwait firm to set up Rs 49,000 cr Oil Refinery in Tamil Nadu

Kuwait based Al Kharafi plans to set up an oil refinery and a petrochemical manufacturing facility at an investment of Rs 49,000 crore in Tamil Nadu, Chief Minister K Palaniswami said here on Thursday.

The setting up of the refinery would see the southern districts in the state develop like Jamnagar in Gujarat and Jurong Island in Singapore, he said.

The Chief Minister said China-based BYD Group also planned to make investments in the state.

He said 59 companies which signed MoUs with the state government in the second edition of the Global Investors meet here in January last year, have commenced production.

Another 213 projects are under various stages of implementation, he said after taking part in the foundation stone laying ceremony of DLF DOWNTOWN here.

Palaniswami said the AIADMK government has been attracting several new investments from various companies, making the state a front runner in the industry sector.

TIDCO and DLF have come together to set up complex at an investment of Rs 5,000 crore on 27.04 acres with modern amenities for IT and IT enabled services. Through this, 70,000 direct jobs can be generated”, he said.

Palaniswami said constant efforts were being taken to improve infrastructure in the IT (Old Mahabalipuram Road) in line with growing needs.

“Many new projects like Phase II of Chennai Metro, widening of Old Mahabalipuram Road with byepasses at Kelambakkam and  Thirupporur and flyovers at key junctions at Rs 1,150 crore are being taken up”, he said.

With the new project by TIDCO and DLF, it would go a long way in further strengthening Tamil Nadu’s position as the most favoured investment destination in South Asia, he said.

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

fluor

Fluor Partnership Wins EPC Contract from Canada Kuwait Petrochemical Corporation PDH unit

Fluor Corporation announced that Heartland Canada Partners (HCP), Fluor’s 50/50 partnership with Kiewit Construction Services ULC, was awarded a contract to provide engineering, procurement and construction services for a new propane dehydrogenation (PDH) unit for Canada Kuwait Petrochemical Corporation (CKPC), a 50/50 joint venture between Pembina Pipeline Corporation (Pembina) and Kuwait’s Petrochemical Industries Company (PIC).

The new PDH unit is part of CKPC’s integrated PDH plant and polypropylene upgrading facility that will be located in Sturgeon County, Alberta, Canada. Fluor expects to book its portion of the contract value in the first quarter of 2020.

With more than 25 million hours of construction experience in Alberta, we bring together two industry-leading contractors to deliver end-to-end engineering, procurement and construction services for CKPC’s new PDH unit – the third world-scale facility of its kind for Fluor in recent years,”said Mark Fields, group president of Fluor’s energy and chemicals business.

This project is highly strategic for Pembina and our producer customers in the Western Canadian Sedimentary Basin,” said Mick Dilger, president and chief executive officer, Pembina. “It offers a new demand source for domestically produced propane and supports ongoing development of Canada’s world-class hydrocarbon resources.”

Engineering on the project has begun, and construction is anticipated to begin in late 2020. Mechanical completion of the new PDH unit is planned for the second half of 2023.

Source: https://www.fluor.com/

Oil worker drilling for oil on rig

SNC-Lavalin Won Oil and Gas Contract in the United Arab Emirates

This contract is aligned with SNC-Lavalin’s new strategy moving forward to greater growth and engineering services.

Under the nine-month agreement, SNC-Lavalin will provide services for the second phase of the Haliba field, located in Al Dhafra Petroleum’s concession area.

The project’s aim is to develop surface facilities in an optimized manner to handle long-term production as well as future production prospects near Haliba.

The contract scope of work includes verification of the conceptual studies and design, carrying out FEED to develop surface facilities required for processing production from the main plant and its north and south extension areas, execution planning, and designing facilities to handle production from other close-by prospects.

Source: https://www.snclavalin.com/en/projects#asia-pacific/all/all/all  

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Maersk Drilling wins contract extension for low-emissions rig offshore Norway

Maersk Drilling has secured a two-well contract extension from Aker BP for the ultra-harsh environment, low-emission jack-up rig Maersk Integrator. In direct continuation of the rig’s current workscope, Maersk Integrator will move to the Ivar Aasen field offshore Norway to drill two wells, with work expected to commence in October 2020. The extension has an estimated duration of 93 days and a contract value of approximately USD $25.5 million, excluding a potential performance bonus. The contract includes an additional one-well option.

Maersk Integrator is contracted under the terms of the alliance agreement Maersk Drilling entered into with Aker BP and Halliburton in 2017. The tripartite alliance uses a shared incentives model, thereby securing mutual commitment to collaborate to reduce waste and deliver value. Contracts under the alliance are based on market-rate terms but add the possibility of an upside for all parties, based on actual delivery and performance.

“We are thrilled to be able to firm up activities for Maersk Integrator in 2020 by continuing to work closely together with Aker BP in an alliance which is enabling new ways of working across the value chain. The alliance is enhancing efficiency through increased coordination and involvement, and we are starting to see the first tangible results of this. Higher efficiency in itself reduces the CO2 emissions associated with a drilling campaign, and this is further improved by the low-emission upgrades Maersk Integrator will receive before it begins working at Ivar Aasen,” says COO Morten Kelstrup of Maersk Drilling.

Maersk Integrator is an ultra-harsh environment CJ70 XLE jack-up, designed for year-round operations in the North Sea. It was delivered in 2015 and is currently operating offshore Norway for Aker BP. The rig is expected to perform its scheduled Special Periodic Survey in August 2020 and will undergo a series of upgrades to turn it into a hybrid, low-emission rig prior to moving to the Tambar field in September 2020.

Source: https://www.worldoil.com/news/2020/1/20/maersk-drilling-wins-contract-extension-for-low-emissions-rig-offshore-norway

Adnoc750

Adnoc signs energy deals as UAE agrees $23bn investment in Indonesia

Abu Dhabi National Oil Company signed a preliminary agreement with Indonesia’s Pertamina and Chandra Asri to explore the possibility of developing a crude-to-petrochemicals complex in the South East Asian nation in addition to potentially supplying naphtha, as the UAE agrees to invest $23 billion (Dh 83.68bn) in the country through a sovereign wealth fund being created by its President Joko Widodo.
The investment agreement by Adnoc is part of 11 business deals worth around 314.9 trillion Indonesian rupiah ($23bn), President Widodo announced on Twitter after he met Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces at the Qasr Al Watan Palace.



The UAE, the second-biggest Arab economy, plans to invest in Indonesia’s infrastructure and energy sectors, including projects such as the development of a new capital in Indonesia, Bloomberg reported citing a statement by the Indonesian cabinet secretariat on Monday. Japan’s SoftBank Group and the US International Development Finance Corporation are also eyeing taking part in the fund which is key in helping Indonesia meet its ambitious infrastructure programme, which requires more than $400bn of investment over the next five years.

The latest round of deals between the UAE and Indonesian firms follows $10bn to $15bn worth of agreements signed by companies such as Adnoc, Mubadala Investment Company and port operator DP World during a visit by Sheikh Mohamed to Jakarta last year.



Subsea 7 project

Subsea 7 Integration Alliance awarded contract offshore Senegal by Woodside for the Sangomar Field Development

Subsea 7 announced the award of a very large contract by Woodside to Subsea Integration Alliance(3) for the Sangomar Field Development Phase-1 project located in the Sangomar Offshore and Sangomar Offshore Deep oil blocks, offshore Senegal. This contract was initially awarded in December 2018 subject to final investment decision, which has now occurred.

The project work scope covers the engineering, procurement, construction, transportation and installation of the SURF system and associated subsea production systems (SPS). The development will include 23 wells, 107 km of rigid flowlines, 28 km of flexible risers and jumpers, and 45 km of umbilicals in water depths between 700 metres and 1400 metres.

Offshore activities will take place from 2021 to 2023 using Subsea 7’s reel-lay, flex-lay and light construction vessels.

The Subsea Integration Alliance team established during the Front End Engineering Design (FEED) phase will now transition into the full EPIC phase based at Subsea 7 Global Projects Centre (GPC) in Sutton, UK. SURF engineering will be performed by Subsea 7 GPC centres in Sutton and Suresnes, France. A base in Senegal will support the offshore campaign and conduct site receipt testing and equipment storage.

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Fluor Partnership Awarded EPC Services Contract for Canada Kuwait Petrochemical Corporation Propane Dehydrogenation Unit

Fluor Corporation announced that Heartland Canada Partners (HCP), Fluor’s 50/50 partnership with Kiewit Construction Services ULC, was awarded a contract to provide engineering, procurement and construction services for a new propane dehydrogenation (PDH) unit for Canada Kuwait Petrochemical Corporation (CKPC), a 50/50 joint venture between Pembina Pipeline Corporation (Pembina) and Kuwait’s Petrochemical Industries Company K.S.C. (PIC). The new PDH unit is part of CKPC’s integrated PDH plant and polypropylene upgrading facility that will be located in Sturgeon County, Alberta, Canada. Fluor expects to book its portion of the contract value in the first quarter of 2020.

HCP and CKPC worked collaboratively throughout the process to de-risk the project for the benefit of both parties.

When complete, CKPC’s integrated PDH plant and polypropylene upgrading facility will convert locally sourced, low-cost propane into 550,000 tons per year of polypropylene. Polypropylene is used to manufacture a broad range of consumer products including automobile parts, food storage containers and medical devices. In addition to the two units, the complex will consist of a central utility block and product handling area with associated support systems and facilities.

Source: https://www.financialbuzz.com

samsung tecnicas

Técnicas Reunidas and Samsung close $3.7bn Algerian refinery deal

The National Petroleum Corporation of Algeria (Sonatrach) has signed a $3.7bn deal with a consortium led by Spain’s Técnicas Reunidas and Samsung Engineering to build the country’s sixth oil refinery.

The consortium will build the plant in Haoud El Hamra, in central Algeria, on an engineering, procurement, construction basis.

Técnicas Reunidas will be responsible for 55% of the contract, which includes environmental work and auxiliary infrastructure.

When complete, in the first half of 2024, the refinery will be able to process 5 million tonnes of crude oil a year, or 100,000 barrels a day. This will make it the second-largest in the country after the Skikda Refinery on the Mediterranean coast.

Source: www.globalconstructionreview.com 

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TechnipFMC Awarded a Significant Contract by Motor Oil Hellas for a New Naphtha Complex in Greece

TechnipFMC has been awarded a significant Engineering, Procurement and Construction Management (EPCm) services contract for the construction of a new naphtha complex for Motor Oil Hellas’ Corinth Refinery in Greece.

This new naphtha complex will have a capacity of 22,000 barrels per day and consist of three new process units: a naphtha hydrotreater unit, a platforming unit and an isomerization unit. Upon completion, the complex will allow Motor Oil Hellas Refinery to increase its production of Euro 5 gasoline, aligned with its strategy to increase the production of clean fuels. The project also includes upgrading the existing utilities and offsite units to meet the requirements of the new complex.

This award follows the successful execution of TechnipFMC’s FEED (front end engineering design) for the same complex.

Source: www.technipfmc.com

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Sapura Energy awarded a contract extension for drilling unit by Shell

Sapura Energy secured a contract extension for the provision of semi-submersible tender assist drilling unit ‘Sapura Esperanza’.

Sarawak Shell Berhad / Sabah Shell Petroleum contract entails a six well program for Malikai phase 2 drilling campaign, offshore Sabah.

Malaysian company did not disclose any financial details at this time.

In December, Sapura Energy bagged E & C and Drilling contracts worth U$ 147 million (RM 615 million).

Sapura Drilling Asia Sdn Bhd, was awarded a contract extension for the provision of its semi-submersible tender assist drilling rig, Sapura Esperanza, by Sarawak Shell Berhad / Sabah Shell Petroleum Company Limited.

The contract, which entails drilling six wells for Malikai phase 2 drilling campaign, offshore Sabah, will see work commencing in Q3 FY21.

Sapura Esperanza is a purpose-built semi-submersible self-erecting tender assisted drilling (TAD) rig. It was delivered in May 2013, with an enhancement of the Sapura Jaya design.

The unit is targeted harsher environment and deepwater drilling operations in combination with fixed and floating wellhead platforms such as Compliant Towers, TLPs and SPARs in up to 6,000 feet of water with pre-laid mooring.

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Petrofac Wins US$130 million in PDO awards

Petrofac announces a new contract and the award of the additional scope of work with Petroleum Development Oman (PDO), with a combined value of approximately US$130 million.

The new contract award, under a 10-year Framework Agreement signed in 2017 with PDO, is an Engineering, Procurement and Construction Management (EPCM) services contract for the Mabrouk North East Development Project in Oman.

The full field development of Mabrouk North East field is planned to be executed in a phased approach. The 34-month project scope awarded involves the development of 16 gas producing wells and export of the production to the Saih Rawl Central Processing Plant. The project will be integrated with the Mabrouk North East Line Pipe Procurement Project, which was awarded to Petrofac in June 2019.

The other scope of work awarded is to provide further services for PDO’s Yibal Khuff Project. This 20-month contract includes detailed Engineering, Procurement, and support for Construction and Commissioning of nine additional wells to improve overall plant production, and laying of gas pipeline from Yibal “A” to the main processing facility.

The Yibal Khuff Project, originally awarded to Petrofac in June 2015, is already in an advanced phase of construction and pre-commissioning, and the delivery of additional wells is to be synchronised for overall readiness.

Elie Lahoud, Group Managing Director, Engineering & Construction said: This latest project award under the long-term framework agreement with PDO for Mabrouk North East, and additional scope of work for the Yibal Khuff Project, both further underpin our significant track record and commitment to delivering value in Oman. Our focus will remain on safe operations and maximizing in-country value through the continued development of local workforce competence and strong supply chain partnerships.

Source: https://www.petrofac.com/en-gb/media/news/petrofac-secures-us-130-million-in-pdo-awards-news-petrofac/

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Sonatrach orders a Refinery to Técnicas Reunidas of 3,300 Million Doller

Técnicas Reunidas will close one of the best exercises in its history in terms of contracting after winning in Algeria a contract for the construction of a Sonatrach refinery with an investment budget of about 3,700 million dollars (about 3,336 million euros).

The Algerian state giant has commissioned the turnkey project to Spanish engineering, which leads a consortium with 55%, in which the Korean Samsung participates.

The deep conversion refinery, which will have a capacity of five million tons per year , is located in Haoud el-Hamra, Hassi Messaoud, in the interior of Algeria , and is part of the development and modernization plans promoted by the state company .

The percentage of the work portfolio for Técnicas Reunidas is equivalent to about 2,000 million dollars , which makes the future energy plant one of the five largest contracts in the history of the company controlled by the Lladó family. The contract, which will be signed by local authorities in the coming days, consolidates the change in speed of Técnicas Reunidas in 2019. The workload of the Spanish group will be above 11,000 million euros.

The Spanish-Korean consortium has imposed itself on the final of the contest to the British Petrofac, also with strong interests in the area. Despite the political instability that the country is going through after the resignation of Abdelaziz Buteflika in March 2019 due to strong social pressure, Sonatrach is still the energy giant of North Africa, with an extensive program of investments in the country to modernize and expand its oil and gas plant.

The work of Técnicas Reunidas includes the engineering, provisioning, construction, commissioning and commissioning of the project. Sources close to the contract indicate that the installation includes technologically advanced processing units, among which the treatment of crude, hydrocracker, diesel hydrodesulfurization, naphtha hydroprocessing, catalytic reformation, isomerization and deasphalting, among others. The plant will have an amines recovery unit, a sulfur recovery unit and an effluent treatment plant.

Técnicas Reunidas billed until September 3,428 million, 5% more. Ebitda advanced 68%, to 73 million, with a profit of 24 million, 310% higher.

Source: https://www.tecnicasreunidas.es/en/index/

sub

Subsea 7 Won Contract Offshore US Gulf of Mexico

Subsea 7 announced the award of a sizeable contract by Chevron U.S.A Inc. for the subsea installation services at the St. Malo field, located in the Walker Ridge area of the Gulf of Mexico. The St. Malo field is approximately 250 miles south of New Orleans.

Subsea 7’s scope of work includes project management, engineering, procurement, construction and installation of the multiphase pump system at the St. Malo field, a 14 mile water injection flowline system, inclusive of a Swagelining polymer lined flowline, and the water injection control system.  
 
Project management and engineering will commence immediately at Subsea 7’s offices in Houston, Texas. Fabrication of the water injection flowline and riser 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, “The St. Malo multiphase pump system and water injection projects award is an important win for the Gulf of Mexico region. It combines the utilisation of our newest pipelay vessel, the Seven Vega, along with Subsea 7’s proven project execution capabilities and Swagelining’s polymer lining technology. In addition, the combination of the SURF scope for Subsea 7 and ongoing subsea equipment delivery by OneSubsea, will allow the Subsea Integration Alliance to work in collaboration with Chevron to unlock the value of an integrated approach to project optimisation.”

Source: https://www.subsea7.com/en/media/company-news/2019/subsea-7-awarded-contract-offshore-us-gulf-of-mexico.html

Saipem-Castorone-

Saipem Wins Drilling Contracts Worth $1.7B USD

Saipem has been awarded new contracts and extensions on existing contracts in Onshore Drilling and Offshore Drilling for an overall amount of approximately 1.7 billion USD.

The contracts related to the Onshore Drilling Division encompass 19 land-rigs located in the Middle East, with power between 1500 and 2000 HP, and their duration range from three up to ten years. In addition, new contracts and extensions on other existing contracts have been assigned for new works that will be executed in Bolivia, Perù, and Romania.

The contracts related to the Offshore Drilling Division concern activities to be executed in Norway and in Angola.

Stefano Cao, CEO of Saipem, commented: “The award of these contracts proves the solidity and reliability of the operational performance of our Drilling Divisions and further strengthens Saipem’s long-time presence in strategic areas of the world”.

Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure sectors. It is “One-Company” organized in five business divisions (Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling and XSIGHT, dedicated to conceptual design). Saipem is a global solution provider with distinctive skills and competences and high-tech assets, which it uses to identify solutions aimed at satisfying customer requirements. 

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

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KBR Awarded Condensate Refineries Project Contract for Nigerian National Petroleum Corporation

KBR announced that it has been awarded the Project Management Consultancy Services contract by Nigerian National Petroleum Corporation (NNPC) for front-end engineering design (FEED) definition at the NNPC headquarters in Abuja, Nigeria.

Under the terms of the contract, KBR, as co-consultant with the National Engineering and Technical Company Ltd (NETCO) will provide technical consultancy services for four greenfield refineries in the ANOH and Western Forcados area.

This work is expected to be performed over a six-month period with KBR providing strategic advisory consulting on elimination of condensate from oil export streams which will reduce dependency and expense of imported refined products.   The work will be conducted from KBR’s Leatherhead office in the U.K. with support from the Middle East and Houston.

The main objective of the project is upgrading gas condensate to valuable refined fuel products. This reduces the country’s dependence on costly imported fuels and is well aligned with KBR’s gas monetization and asset optimization strategies. Together, these strategies provide a valuable, sustainable solution to Nigeria in matters of fuel security, economic development and regional capacity building. 

“We are delighted to be part of this strategic project supporting a prestigious partner to deliver the transition to an increasingly sustainable energy solution for Nigeria,” said Jay Ibrahim, KBR President, Energy Solutions – Services.   “The work will be undertaken by KBR’s consulting team, where our strategic master-planning capability resides to help customers improve their sustainability, energy efficiency and maximize asset performance.”  

KBR is leading the industry to meet the world’s ever-growing energy and chemical demands.  From an expanding portfolio of greener, cleaner solutions to its comprehensive feasibility study solutions, KBR is supporting the world’s transition to a clean energy future. 

Source: www.kbr.com

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L&T Technology Services Wins Multi-Million-Dollar Project in Europe

L&T Technology Services on Monday said it has bagged multi-million-dollar engineering, procurement and construction management project in Europe.

“L&T Technology Services Ltd (LTTS) won a multi-million dollar project from one of the world’s top plastics, chemicals and refining manufacturers, to deliver the entire spectrum of engineering, procurement and construction management (EPCM) services for the expansion of an existing site in Europe,” the company said in a filing to BSE.

The expansion project will be implemented at the customer’s brownfield plant in Germany for over 30 months.

As the strategic engineering partner, LTTS will execute the entire project through an EPCM model, from procurement and supply chain management support to safety aspects and efficient design.

“LTTS has already carried out successful brownfield projects in the USA and we are privileged to extend our engagement with an important customer to the European markets,” Amit Chadha, President, Sales and Business Development and board member at L&T Technology Services said.

The shares of L&T Technology Services were trading at Rs 1,474.60 a piece on BSE in morning trade.

Source: https://www.larsentoubro.com/

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Maersk Drilling Won Three-Well Contract Offshore Trinidad by BP

Maersk Drilling has secured a three-well contract for the Maersk Discoverer semisubmersible with BP for development drilling at the Matapal project offshore Trinidad and Tobago. The contract has an estimated duration of 322 days and is expected to commence in July 2020. The value of the firm contract is approximately $78 million, including a mobilization fee. The contract contains an additional one-well option.

“It is obviously exciting for us to see the Maersk Discoverer go to Trinidad for BP, for whom the rig has performed successful operations offshore Egypt for the last six years, including the shallowest water well ever drilled in dynamic positioning mode for both BP and Maersk Drilling, which delivered significant cost savings to the customer,” Morten Kelstrup, COO of Maersk Drilling, said. “We are very pleased that BP is recognizing Maersk Discoverer’s qualities by re-signing the rig for this new campaign.”

The Maersk Discoverer is a DSS-21 column-stabilized dynamically positioned semisubmersible drilling rig, able to operate in water depths up to 10,000 ft. It is currently operating offshore Egypt.

Source: https://keyfactsenergy.com/news/6064/view/

mcdermott-wins-two-gas-field-deals-off-malaysia

McDermott Awarded Technology Contract by Naftna Industrija Srbije in Serbia

McDermott’s Lummus Technology will upgrade existing unit for production of higher value products utilizing Indmax FCC and CDEtbe technologies
– State-of-the-art Indmax FCC Technology, licensed by McDermott’s Lummus Technology and jointly developed with Indian Oil Corporation (IOCL), being implemented.

It has been awarded a sizeable technology contract by Naftna Industrija Srbije (NIS) for the modernization of its existing Fluid Catalytic Cracking (FCC) unit to be implemented at their refinery in Pancevo, Serbia.

As part of this project, McDermott’s Lummus Technology will provide the license and basic engineering for the Indmax FCC technology and a grassroots unit for the production of bioethanol based Ethyl Tertiary Butyl Ether (ETBE). The state-of-the-art Indmax FCC technology, which was jointly developed by Indian Oil Corporation (IOCL) and Lummus, will shift the yield of the existing FCC unit toward production of valuable olefins and higher-octane naphtha. Part of the olefins will be converted with bio-ethanol to ETBE using Lummus’ technology, which is used as a clean, octane-boosting gasoline-blending component.

We are extremely pleased that NIS has again selected Lummus Technology to upgrade their refinery,” said Leon de Bruyn, Senior Vice President of Lummus Technology. “This award represents the first license of the Indmax FCC technology in Europe, demonstrating the increasing interest in Indmax FCC globally. It also demonstrates our ability to supply integrated and optimized solutions to our clients from our broad portfolio of technologies. NIS will benefit from the added process flexibility and improved economics for many years to come.

Previously, NIS has also selected the hydrocracking technology from Lummus Technology’s joint venture, Chevron Lummus Global (CLG), as well as, more recently, Lummus Technology’s delayed coking 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.

Forward-Looking Statements
In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, McDermott cautions that statements in this press release which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties that may impact McDermott’s actual results of operations. These forward-looking statements include, among other things, statements about backlog, to the extent backlog may be viewed as an indicator of future revenues or profitability, and the expected scope of the contract discussed in this press release. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit markets, our inability to successfully execute on contracts in backlog, changes in project design or schedules, the availability of qualified personnel, changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties, changes in industry norms and adverse outcomes in legal or other dispute resolution proceedings.

Read more: http://bit.ly/2S8iSjc

MUKESHAMBANI-min

Reliance Unit Signs Binding Deal with Brookfield for Rs 25,215 crore Investment

Brookfield Infrastructure Partners, the Canadian asset management company, will invest Rs 25,215 crore ($3.55 billion) in the telecom tower assets of Mukesh Ambani’s Reliance Industries in a deal that will help strengthen the balance sheet of Reliance Jio Infocomm.

Reliance Industrial Investments & Holdings Ltd., a wholly owned unit of Reliance Industries, has entered into binding agreements with Brookfield Infrastructure and its institutional partners, which will invest the amount in units to be issued by the Tower Infrastructure Trust, the Indian oil-to-retail conglomerate said in a notice to the stock exchanges on Monday.

“Closing of the transaction is subject to certain regulatory approvals, which are expected shortly,” Reliance added.

Reliance said that after the transaction is completed, the Trust will own 100% of the equity share capital of Reliance Jio Infratel Private Ltd. (RJIPL), the unit that houses the telecom tower assets.

The Trust currently owns 51% of RJIPL, while Reliance Industries holds the remaining 49%. On receiving the funds from Brookfield, the Trust will buy Reliance’s 49% stake, repay Rs 12,000 crore to Jio and clear other financial liabilities of RJIPL. Jio will then transfer Rs 12,000 crore to  Jio and clear other financial liabilities of RJIPL. Jio will then transfer Rs 12,000 crore to Reliance against certain financial liabilities owed to the parent company.

Source: http://bit.ly/2tmVfc7

L&T Construction Secures Big Contract from Rail Vikas Nigam for Railway Tunnels, Bridges

The company has been awarded the contract for construction of the main tunnel, with a parallel escape tunnel and ballast-less track that runs inside the main tunnel, of Rishikesh-Karanprayag Tunnel 2, which is located in the Garhwal Himalayan Range and a part of the flagship Golden Quadrilateral railway project.

Infrastructure major Larsen & Toubro’s Maharashtra order book may be at risk as the state government reviews big-ticket infrastructure projects, but the company has recently bagged several significant awards in India and abroad. The heavy civil construction arm of the company, L&T Construction, on Thursday, said it has bagged an order of around Rs 1,000-2,500 crore from Rail Vikas Nigam (RVNL) for construction of tunnels, bridges and formation works in Uttarakhand.

The company has been awarded the contract for construction of the main tunnel, with a parallel escape tunnel and ballast-less track that runs inside the main tunnel, of Rishikesh-Karanprayag Tunnel 2, which is located in the Garhwal Himalayan Range and a part of the flagship Golden Quadrilateral railway project. The tunnel consists of a significant portion of the Rishikesh-Karanprayag project, which has a total length of 125.2 kilometers.

It also won significant contracts (project value between Rs 1,000 crore and Rs 2,500 crore) in power and distribution in the Middle East, including a design, supply and construction order in the United Arab Emirates.

According to analysts, over 9% of L&T’s total order book of infrastructure projects is in Maharashtra. Analysts estimated a potential hit of Rs 19,020 crore on the company as a result of Maharashtra government’s recent decision to review large infrastructure projects.

Source: https://www.larsentoubro.com/

1q

Subsea 7 awarded EPCI contract by Aker BP for the Ærfugl Phase 2 gas field development, Norway

Subsea 7 announced the award of a sizeable contract by Aker BP for the Ærfugl Phase 2 gas field development, located approximately 210km west of Sandnessjøen in the Norwegian Sea.

This EPCI contract is a long-distance tie-back involving the application of Subsea 7’s Electrically Heat Traced Flowline (EHTF) technology for a distance of 13.5km from the subsea location to the existing Skarv infrastructure. Subsea 7 has a long-term subsea alliance agreement with Aker BP. 

Project management and engineering will commence immediately at Subsea 7’s offices in Stavanger, Norway. Fabrication of the EHTF system will take place at Subsea 7’s spoolbase at Vigra, Norway with offshore operations taking place during 2020 and 2021.
Monica Th. Bjørkmann, Vice President Subsea 7 Norway said: “This award acknowledges Subsea 7 as a key partner in the delivery of pioneering technology, underlining our proven track record of safe and successful project execution in some of the harshest offshore environments. Electrically Heat Traced Flowlines have been developed by Subsea 7, in collaboration with InterPipe, to deliver leading insulation performance and enable cost-effective long-distance tie-backs. We look forward to continuing our alliance with Aker BP for the development of Ærfugl and future projects.”

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

2q

Visiongain: Micro LNG Market Set to Grow to $222.7 Million by 2030

Visiongain said in its Micro Liquefied Natural Gas (LNG) Market Forecast 2020-2030 that investments in small scale LNG liquefaction facilities were gaining momentum, which surged the demand for less than 0.1 mtpa micro-scale LNG liquefaction facilities mainly for peak shaving needs.

Low logistics and transportation costs coupled with on-site liquefaction of LNG, i.e. near to the demand centers, surged the investments in the micro LNG business.

According to the company’s report, there are more than 30 operational micro LNG liquefaction facilities with China dominating the micro LNG market in terms of installed liquefaction facilities.

Visiongain assesses that supply-side, demand-side, and installed capacity of the global micro LNG liquefaction will reach $222.7 million in value and five mtpa in terms of installed capacity by 2030.

The company added that the planned and upcoming projects were the driver for the steady growth rate till 2030.

Also, growing investments in the development of economic small-scale LNG liquefaction facilities is expected to benefit the demand for micro LNG in the near future.

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

3q

RIL Plans to Develop Chemical Facility in Ruwais with Adnoc

Reliance Industries NSE and Abu Dhabi National Oil Company (ADNOC) have signed a framework agreement to explore the development of an Ethylene Dichloride (EDC) facility in Ruwais, the companies said in a joint statement late Tuesday.

The planned unit will help RIL in procuring EDC, a key raw material used in the manufacturing of a polymer product, Polyvinyl chloride (PVC). PVC products are used in the housing and agriculture sectors, and demand for it, particularly in the Indian vinyl market, is expected to grow.

This is a significant step towards Reliance’s commitment to pursue backward integration and will pave the way for enhancing PVC capacity in India to cater to the fast-growing domestic market. This cooperation ideally combines advantaged feedstock and energy from the UAE with Reliance’s execution capabilities and the growing Indian market,” RIL executive director Nikhil Meswani was quoted as saying in the statement.

RIL will provide the planned joint venture operational expertise and

expertise and entry to the large and growing Indian vinyl market, in which it is a key participant.

ADNOC would supply ethylene to the potential JV and provide access to infrastructure at Ruwais in Abu Dhabi. The pact is part of ADNOC’s strategy to expand the downstream portfolio and international market access by 2030.

As per the pact, ADNOC and RIL will evaluate the potential creation of a facility that manufactures EDC adjacent to ADNOC’s integrated refining and

petrochemical site in Ruwais, Abu Dhabi, and strengthen the companies’ existing relationship supporting future collaboration in petrochemicals.

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

3q

The US and India New Trunk Pipeline Build to Lead Globally by 2023

The US is expected to lead in terms of global trunk or transmission pipeline length additions for planned and announced (new-build) projects between 2019 and 2023, contributing around 21 percent of global new-build pipeline additions by 2023.

The company’s report, H2 2019 Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines – India and the US Dominate New-Build Pipeline Length Additions, reveals that the US is set to have a planned new-build pipeline length of 14,162km and an announced new-build pipeline length of 20,230km by 2023.

Sunrita Dutta, Oil and Gas Analyst at GlobalData, comments: “Liberty Oil is the largest upcoming pipeline project in the country with a new-build length of 2,172 km. The pipeline is proposed from a pump station in Guernsey to an oil terminal at Cushing VII. It is expected to start operations in 2021.”

India ranks second highest globally, in terms of trunk or transmission pipeline length additions, with a new-build planned and announced pipeline length of 23,344km by 2023. The Jagdishpur-Haldia gas pipeline in India is the major upcoming planned pipeline project with a proposed length of 2,655km. It is expected to start operations in 2020.

Dutta concludes: “Russia stands third globally with a new-build planned and announced trunk pipeline length of 14,669 km by 2023. The Nord Stream 2 gas pipeline project in Russia is the most important planned pipeline in the country and is slated to begin operations in 2020 with a new-build pipeline length of 2,400 km.

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

4q

Bilfinger bags TRANSCO’s three-year maintenance contract in Abu Dhabi

Mannheim-headquartered construction and engineering firm Bilfinger’s regional arm Bilfinger Middle East has secured a three-year blanket maintenance contract from Abu Dhabi Transmission & Despatch Company (TRANSCO), with the contract being applicable from 2019 to 2022.

The German firm did not reveal the value of the contract, which it said was worth multimillion dollars.

As part of the contract, Bilfinger Middle East will carry out routine maintenance, equipment repair, replacement, and new equipment installation of sodium hypochlorite plants — which includes generation system and dosing system from process water inlet up to injection points — across Abu Dhabi, Al Ain, Northern and Western region in the UAE.

Bilfinger Middle East will also carry out inspection, through which, corrective maintenance — covering repair and replacement — will be implemented by supplying required equipment and performing the required services in a bid to reach full-capacity.

Speaking about the contract, managing director of Bilfinger Deutsche Babcock Emirates, Christopher Barker, said: “This agreement is a leap forward in our affiliation and we only see more optimistic opportunities ahead.”

Source: https://www.bilfinger.com/

5q

Sapura Energy bagged five new contracts valued at RM1.3 billion for its engineering and construction as well as drilling segments

Among the new wins is the submarine rescue service contract for the Royal Australian Navy, which is a first undertaking for the group. Sapura Energy also marked a new entry into Egypt for works in the Gulf of Suez, along with other wins across Malaysia and Indonesia.

The contract wins demonstrate Sapura Energy’s continued pursuit to deepen its presence in existing core markets, break into new markets and expand its scope of services.

The growing orderbook is expected to increase asset utilisation for the group and contribute to improving its financial performance. The group now has 10 key operating centres to execute work strategically around the globe.

Marking a new footprint in Egypt, Sapura Offshore Sdn Bhd has been awarded a subcontract by Pan Marine Petroleum Services Company. The scope of work comprises the installation of six new subsea pipelines in the Gulf of Suez for the Gulf of Suez Petroleum Company, a joint venture between BP plc and Egyptian General Petroleum Corporation, the National Oil Company of Egypt.

Works will be carried out in various locations in the Morgan field, with an expected total pipelay of 57 kilometres.

For its drilling segment, Sapura Drilling Asia Sdn Bhd has secured two new contracts. The first contract is from ExxonMobil Exploration and Production Malaysia Inc for the provision of its tender assist drilling rig, Sapura T-9.

The scope comprises the provision of barge tender assisted drilling rig services for a period of three years at the Tabu field, offshore Peninsular Malaysia.

Sapura Drilling has also been awarded a contract extension by Petronas Carigali Sdn Bhd for the provision of semi tender assisted drilling rig, Sapura Berani (pix). The contract entails the drilling of nine wells at the Sumandak, Erb West and Dulang facilities, offshore Sabah and Peninsular Malaysia.

In Indonesia, Sapura Offshore, in a joint venture with PT Timas Suplindo, has won a contract from ENI East Sepinggan Limited, a subsidiary of multi-national oil company ENI S.p.A. The contract is for engineering, procurement, construction and installation works of two 16-inch diameter offshore rigid pipelines from the Jangkrik facility to a future manifold near Merakes drilling centres.

Works will be carried out at water depths of between 70 metres to 1,400 metres. The total length of the pipeline system is 95 kilometres.

The scope of work includes design, fabrication and offshore installation of foreseen structures, deep water pipeline end terminations and in-line tee systems for the East Sepinggan Block, East Kalimantan in Indonesia.

Undertaking its first contract for The Royal Australian Navy, Total Marine Technology Pty Ltd (TMT), a subsidiary of the group, has been awarded key roles in the submarine rescue service contract by Phoenix International (Australia) Pty Ltd.

TMT has been selected to design and fabricate a remotely operated vehicle, including to design and supply the external propulsion and non-life support-related electrical and control systems as well as the Submarine Rescue Bell.

The rescue system will be accepted into operational service in 2022 and will be one of four air transportable systems in the world.

The “primary mission” of the system is to deliver rescue capability to The Royal Australian Navy’s submarine fleet. The system will also be capable of supporting other submarine operating nations by means of the NATO (North Atlantic Treaty Organisation) standard escape hatch.

Source: https://sapuraenergy.com/

L&T Construction bags Significant Contracts for Various Businesses

The construction arm of L&T has secured orders from prestigious clients in the GCC and various Indian states for its varied businesses.

In the United Arab Emirates, the Power Transmission and Distribution business has secured an order for the design, supply and construction of a 132kV Substation project with associated 132kV cabling works from one of the government utilities.

Additional orders have been won in ongoing projects in the Middle East.

In Maharashtra, an empanelment and rate contract has been awarded to provide off-grid DC solar photovoltaic water pumping systems with standalone lighting systems for farmers in the Aurangabad, Nashik and Pune revenue divisions. These systems will have provision for mobile charging, transfer of automated meter reading and water discharge reading data.

L&T’s Transportation Infrastructure business has secured a major add-on order from an existing client in Qatar for an Expressway.

Additionally, various add-on orders have been received by some existing projects in the Water and Effluent Treatment (WET) and Metallurgical and Material Handling (MMH) businesses.

Source: https://www.larsentoubro.com/

6q

Woodside Is Pressing Ahead With Plans of $6b Senegal Oil Project

Australia’s largest oil and gas producer Woodside is pressing ahead with its plans to develop Senegal’s first oil project, announcing the final field plan has now been submitted to the West African nation’s government for approval.

Describing the move as a “major milestone”, Woodside chief executive Peter Coleman said the project’s development plan was the last outstanding regulatory submission required before Woodside and its joint-venture partners could make a final investment decision later this month.

They look forward to continuing to work with the joint venture, the government, their contractors and other stakeholders to develop this opportunity, which will also be Senegal’s first oil project.

The first phase of the project is to develop 230 million barrels, with first oil targeted for early 2023, according to Woodside.

Senegalese oil producer Petrosen, which has a stake in the Sangomar project, said it was “excited about being in a position to take a final investment decision”.

Financing for the project has faced delays due to an arbitration sought by FAR Limited, which owns a 15 per cent interest in the project. FAR challenged Woodside’s acquisition of a 35 per cent holding from ConocoPhillips in 2016.

In a statement to the stock market on Tuesday, FAR said development of the “world-class” oil field in Senegal could transform FAR from an explorer to one of the biggest Australian-listed oil producers.

The Sangomar field development is anticipated to result in considerable cash generated for FAR and its shareholders from first oil in 2023, a time when FAR will also be one of the largest oil producers on the ASX,” Ms Norman said.

“This is an exciting time for the joint venture, the people of Senegal and FAR shareholders.”

The news comes as a final investment decision on another major Woodside project, the Scarborough gas field development, is a step closer after Woodside and its joint-venture partner BHP announced a deal to process gas at Woodside’s Pluto LNG facility last month.

Woodside and BHP, which has a 25 per cent stake in the Scarborough field off WA’s Pilbara coast, have inked a non-binding agreement that would see BHP make a decision on the project by mid-2020.

Source: https://www.woodside.com.au/

7q

Daewoo E&C Secures US$86 Mil. Prefabrication Yard Construction Project in Iraq

Daewoo Engineering & Construction Co., a major builder in South Korea, said it has won a US$86 million order to set up a prefabrication yard for a tunnel project in Iraq.

Under the deal with the General Company for Ports of Iraq (GCPI), Daewoo E&C will build the Khor Al-Zubair immersed tunnel prefabrication yard by October 2021.

The deal is the fourth construction project that Daewoo E&C bagged in Iraq this year. Since March, the builder has secured $460 million worth of orders in Iraq, including road and terminal construction projects.

The latest order is the first stage of Iraq’s immersed tunnel construction project that aims to connect the Umm Qasr and Al Faw regions in the southern part of the country. Daewoo E&C said it also aims to win the tunnel construction order expected to be placed next year.

Daewoo E&C is the No. 5 builder in South Korea in terms of building capacity. Meanwhile, Daewoo E&C president Kim Hyung directly took care of activities to land the order for the immersed tunnel in Iraq. In addition, the contractor won the fourth-order this year in Iraq alone as it won orders for the construction of an additional breakwater (March), the first phase construction of a container terminal (April) and the construction of an access road (August). Its total contracts amounted to US$460 million.

Source: http://www.daewooenc.com/eng/

8q

KCA DEUTAG WINS $460M OF LAND DRILLING CONTRACTS IN THE MIDDLE EAST, AFRICA AND EUROPE

KCA Deutag announces that it’s land drilling operation has won new contracts worth approximately $460m in the Middle East, Africa, and Europe. 

Middle East

Following the announcement made in March that a client had reserved three rigs for an option period, the company confirms that these have subsequently been contracted for two years, with an option to extend by two further years. They have also been equipped with FX-Control, one of our newly launched +veDRILL™ technologies.

In Oman, They have won a three year contract extension, which commences in 2021, for five rigs operating for one of the country’s leading exploration and production companies.  These rigs are currently being upgraded with the group’s latest equipment automation features, which are part of KCA Deutag’s +veDRILL™ Future technology range.  These aim to remove people from the red zone and reduce invisible lost time.

In addition to this, one of the company’s rigs in Oman has secured a new two year contract with two one year extension options.

KCA Deutag has also been successful in Iraq where two of their rigs have had their contracts extended by one year. 

Africa

In Nigeria, KCA Deutag has won a one year contract for one rig with an option to extend by an additional year.

The company has additionally been awarded three contracts in Algeria for four rigs in total. The largest is a three-year contract for two of these rigs, with a two-year extension option.  The other two are short drilling programs.

Europe

In the Netherlands, one of the company’s rigs has secured a new contract for a short drilling program with a salt mining company.

As part of the contract and to meet the challenging drilling requirements, the rig is being upgraded with a new 750t Top Drive, supplied by Bentec, KCA Deutag’s manufacturer of drilling rigs and oilfield equipment.

It is also exciting to see the client response to recently launched Well of Innovation Campaign, with a number of the new contracts now incorporating different +veDRILL technologies. The company believe this adds to already strong offering around safe and effective operations and is another reason they are seeing strong demand for our rigs in their core markets.

Source:http://bit.ly/361dTUT

1q

Subsea 7 awarded the contract by Woodside for the execution of Julimar-Brunello project in Australia

Subsea 7 confirmed a substantial contract award by Woodside for the execution of phase 2 of the Julimar-Brunello Project. This contract was awarded to Subsea 7 earlier this year, subject to the final investment decision of the Julimar-Brunello joint venture participants (Woodside and KUFPEC), which has now occurred.

The Julimar field is located approximately 200 km offshore North Western Australia. The full scope of work will be to design, procure, install and commission a 22 km 18” Corrosion Resistant Alloy (CRA) gas transmission flowline and an umbilical system.

The offshore activities will be performed in 2021 using Subsea 7’s reel-lay and heavy construction vessels.

Andy Woolgar, Subsea 7 Vice President Australia and New Zealand, said: “This contract with Woodside reflects what can be achieved with strong collaboration and early engagement. Our solution demonstrates the advantages of having a full range of installation and pipelay capabilities in Australia and illustrates how Subsea 7’s global technology portfolio allows us to deliver cost-effective solutions to our clients around the world.” 

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

112

Saipem Wins Two New Contracts of Approx 750 million Euro for Offshore Wind Farms in Scotland and Taiwan

Saipem has been awarded a contract by the French company EDF Renewables for the construction of the Neart na Gaoithe (NnG) wind farm offshore Scotland.

This is the first turn-key project awarded to Saipem in the offshore wind farm sector. The scope of work consists of the engineering, procurement, construction and installation of 54 steel foundation jackets for an equivalent number of wind turbines with a capacity of around 8MW each, 2 steel foundation jackets for the offshore electrical substations and the transportation and installation of the relevant topsides. These jackets will be manufactured partly at a Saipem owned yard and partly in fabrication facilities located in Scotland. The jackets will be placed on piles at depths ranging from 40 to 60 meters.

Offshore installation activities will be carried out by the crane vessel Saipem 7000, which has a consolidated track record of operations in the North Sea.

The NnG offshore wind farm, 15km off the east coast of Scotland, will be deployed over an area of 105 km2 and will be capable of generating around 450 megawatts of electricity.

Francesco Racheli, Chief Operating Officer of the Saipem E&C Offshore Division, affirmed: “This EPCI contract awarded by EDF Renewables marks a key milestone in the pursuit of our strategy to become a reference player for large offshore wind farm developments and, more extensively, in the sphere of the energy transition. This important achievement has been made possible thanks to our capabilities and expertise in engineering, fabrication, and installation as well as to our assets, particularly suited to projects of this kind. Our collaboration with EDF Renewables and with the entire supply chain will allow us to contribute to the generation of 450 megawatts of green energy, fostering the utilization of local supply chain and expertise to provide the most competitive solution to our stakeholders and clients and execute a successful project”.

Furthermore, Saipem has been awarded a new contract for the Formosa 2 offshore wind farm project. The scope of work entails the supply of material and fabrication of 32 foundation jackets for an equivalent number of wind turbine generators. The wind farm is being developed by a partnership between Macquarie’s Green Investment Group and Swancor Renewable Energy, offshore Miaoli County on the West coast of Taiwan. Construction works for the project are scheduled to commence early 2020.

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

111

Emerson Wins Contract From Total E&P Denmark For Monitoring Technology on Tyra Field

Emerson will provide wellhead pressure monitoring technology to the gas field to enhance safety during the project redevelopment.

The Tyra field consists of Tyra East and Tyra West production centres, which are linked to five unmanned satellite fields, Tyra Southeast, Harald, Valdemar, Svend and Roar.

To overcome this situation, Total has committed to replace the wellhead platforms with the installation of new and elevated topsides supported by 13m high jacket extensions. Total is investing approximately $3.3bn in the redevelopment, which is expected to extend the life of the Tyra field.

Emerson Automation Solutions Europe president Roel van Doren said: “Emerson’s wireless technology has been successfully deployed within offshore applications around the world, helping improve the safety of people and operations.

“The ability to offer a complete solution capable of providing real-time measurement and awareness to help Total monitor and respond to pressure changes safely was a key factor in the use of Emerson technology.”

During the two-year closure of the field, Emerson noted that it will monitor wellhead casing pressures as a safety measure during the installation of replacement platforms and topsides. According to Emerson, due to the unavailability of power and cable infrastructure, a wireless and battery-powered solution will be needed to monitor the wellhead pressure.

The company will supply more than 200 Rosemount wireless pressure transmitters for installation on the four riser platforms. They will transmit data to two Emerson DeltaV PK controllers that will be installed on the accommodation platforms. Data will be presented to construction workers locally and relayed to an onshore monitoring point, said Emerson.

Source: http://bit.ly/2QW4Lgc

10w

Germany’s BASF starts building $10-bln petrochemical project in China

German chemical giant BASF has begun construction of its $10-billion integrated petrochemicals project in China’s southern province of Guangdong, the company said in a statement on Saturday.

The project-based in the city of Zhanjiang will be China’s first wholly foreign-owned chemicals complex, for which a framework agreement was signed in January.

It will primarily produce engineering plastics and thermoplastic polyurethane (TPU), and some petrochemical products widely used in automotive, electronics and new energy vehicles industries.

The project’s first phase is expected to be launched in 2022, with a production capacity of 60,000 tonnes per year (tpy), taking BASF’s total capacity of engineering plastics and TPU to 290,000 tpy in the Asia-Pacific region.

Source: http://bit.ly/37wPuZ4

110

Worley Partnerships With Nouryon To Explore in Chemical Market

This is good news for chemical market, Worley entered into a framework agreement with Nouryon, a global company in the specialty and industrial chemicals market.

As part of the agreement, 50 employees of Nouryon Projects & Engineering will continue their careers and their EPCm activities under the banner of Worley.

Nouryon has guaranteed a significant amount of work for the duration of 5,5 years, including programs and maintenance on Nouryon’s European sites, as well as new discrete projects. The first new projects under the Master Service Agreement (MSA) are expected to start in December in the Netherlands and Sweden.

This new partnership is an addition to a series of long-term customer relationships in the chemical market in Europe, including a Global Engineering Alliance with BASF, a strategic partnership with SABIC and long-term relationship with Dow Chemicals and Borealis. It also brings additional knowledge and opportunities for green hydrogen production.
The Worley relationship with Nouryon strengthens position in the chemicals market, consistent with their strategy. The transfer of the Nouryon team enhances Worley’s deep knowledge and skills of the chemicals market.

As we focus on Worley, It delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. It covers 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 customers over the long term and thereby creating value for shareholders.

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

109

Adnoc awards Dh1.8bn EPC contract to upgrade Bab onshore field

Abu Dhabi National Oil Company(ADNOC) awarded a Dh1.8 billion contract to upgrade capacity at its giant onshore Bab field, which produces the emirate’s flagship Murban crude.

A subsidiary, Adnoc Onshore, granted 39-month engineering, procurement, and construction contract to Greek company Archirodon Construction Overseas to maintain long-term crude production capacity at the field at 485,000 barrels per day.

The Bab field already plays an important role in supporting Adnoc’s production capacity mandates and this upgrade complements Adnoc’s upstream growth plans,” said Adnoc Onshore chief executive, Yaser Al Mazrouei.

The UAE accounts for 4 per cent of global crude production, much of it sourced from fields owned and operated by Adnoc in Abu Dhabi. The national oil company is targeting increasing production capacity to 4 million barrels per day by 2020, from 3 million bpd at present. By 2030, the company sees output capacity hitting 5 million bpd. The UAE’s total output for September was 3.08 million bpd, according to secondary sources cited by Opec.

Adnoc is targeting raising production capacity on the Bab field to 450,000 bpd by 2020 from 420,000 bpd presently. Around Dh1.35bn is expected to flow back into the UAE as a result of the capacity addition, Adnoc said.

Source: https://www.adnoc.ae/

108

Rosneft Prepares to Lead Massive $157 Billion Arctic Oil Project

Rosneft is preparing to lead an Arctic oil field development project that will cost an estimated $157 billion (10 trillion rubles).

Reuters quoted Russia’s Deputy Energy Minister Pavel Sorokin as announcing the price tag of the Vostok Oil project to media last week, adding that the Kremlin had already agreed on a tax relief package that would help with the Artic oil and gas push.

The Vostok Oil project will include already producing fields as well as untapped ones, and Rosneft will develop them along with partner Independent Petroleum Company. The tax relief for this project alone could reach some $940 million (60 billion rubles) annually, the chief of the tax department of Russia’s Finance Ministry said.

The tax relief package for the energy industry has been the subject of heated debate in political circles because at the same time that the Kremlin is lending its generous support for oil and gas, it is hiking other taxes, on citizens, and extending the retirement age as part of a delayed and highly unpopular retirement system reform.
Alexei Sazanov, the head of the tax department at Russia’s finance ministry, told reporters at the same event on Friday that tax benefits for Vostok Oil could cost up to 60 billion roubles per year. The comments by Sorokin and Sazanov were embargoed until early on Monday.

Russia’s budget surplus, projected at 1.7% of gross domestic product this year, is expected to shrink to 0.2% in 2022, partly due to the various supports offered to the energy sector, a cornerstone of budget revenue.

Source: https://www.rosneft.com/

107

Petrofac secures US$120 million in Engineering & Production Services (EPS) awards

Petrofac announces awards and contract extensions with a combined value of more than US$120 million, delivering against the Group’s strategy to position Engineering & Production Services (“EPS”) for growth by diversifying into new markets and geographies.

The awards and contract extensions consist of the following:

  • EPS has secured its first small-scale Engineering, Procurement, Construction (EPC) contract in Malaysia. In consortium with partner Serba Dinamik, EPS has been awarded a contract by Asean Bintulu Fertiliser (ABF) Sdn Bhd, one of Malaysia’s largest fertiliser plants, for its Third Boiler Project. The ABF plant located in the central region of Sarawak, which started commercial production in 1985, is a subsidiary of PETRONAS Chemicals Group Berhad. The work scope for the 30-month project includes basic and detailed engineering, procurement, construction and commissioning of an additional package boiler (165 tonnes per hour) to improve overall plant reliability and availability and meet total steam demands of 510 tph.
  • EPS has also secured a new three-year Engineering, Procurement, Construction and Commissioning (EPCC) Framework Agreement (FA) with a North Sea operator. Future projects undertaken through the FA will be supported by Petrofac’s Aberdeen office, where the company is actively growing its engineering team and investing in its brownfield management system in support of its digitalisation strategy.
  • The new brownfield projects awards coincide with key North Sea contract extensions for EPS, including a two-year renewal of an existing seven-asset Operations and Maintenance contract, and the extension of EPS’ existing Engineering Services contract with Chevron North Sea to June 2020.

Source: www.petrofac.com

106

Iraq Plans to Construct 5 New Refineries with 790000 bpd Capacity

The Iraqi Ministry of Oil has announced its plan to choose a number of specialized international investment companies to build five new refineries with 790,000 bpd Capacity around the country.

Hamid al-Zobaie, the ministry’s official, said in a press statement there is a plan to build five refineries across the country through investment and various refining cards, pointing out that the ministry is currently looking for fitted companies to build these refineries.

Zobaie added that qualification and selection processes depend on studying technical and financial capabilities of the companies, especially that the construction of the refinery requires up to USD3 billion. Applying companies must also commit to the deadlines and ensure completion of construction within the schedule.
They also clarify that they need to know the capabilities of companies which will bid for such projects since one refinery requires a funding coverage of up to $3 billion. They also want to make sure these companies will comply with the schedule for the project completion as well as their experience in such projects.

Theoretically, there is no reason why Iraq cannot become one of the leading producers of petrochemicals in the world, given its tremendous reserves of oil and gas. Finally, with a relatively low oil price complex and its crude exports falling in October, Iraq appears to be making some advances on moving its long-stalled push into the petchems sector forward.

Source: https://oilprice.com/Energy/Energy-General/Can-Iraq-Become-A-World-Class-Petrochemicals-Player.html

105

Sinopec to launch $5.7 billion South China refinery in second quarter 2020

China’s Sinopec Corp is set to launch a new $5.7 billion refining and petrochemical complex in the south of the country in second-quarter 2020 using crude oil from Kuwait as a key feedstock, industry officials with knowledge of the matter said.

The project being developed by Asia’s top refiner, a 200,000 barrels-per-day (bpd) plant in Zhanjiang, a coastal city in Guangdong province, will become the third greenfield refinery-petrochemical complex to be built in China within a space of two years.

Zhanjiang is Sinopec’s first major capacity addition since it launched a similar-sized Qingdao refinery on the east coast in 2009.

But the 40 billion yuan ($5.69 billion) complex comes on the heels of two privately invested mega-refineries – Hengli Petrochemical and Zhejiang Petrochemical Corp – that have piled fresh capacity into an already oversupplied domestic fuel market, where transportation fuel demand has slowed while China’s fuel exports have soared.

Sinopec is seeking to finalise a crude oil supply deal with Kuwait Petroleum Company (KPC) that will help boost Kuwait’s oil sales to China to a record of nearly 600,000 bpd next year, the sources said. They declined to be identified because they were not authorized to talk to the media.

Source: https://www.reuters.com/

1q

Saipem Considering Merger Deal With Rival Subsea 7

Saipem SpA is considering a combination with rival Subsea 7 SA in what could rank as one of the European oil services industry’s biggest-ever deals, people with knowledge of the matter said. Such a merger would create the fourth-largest oilfield service company, after Schlumberger, Halliburton and Baker Hughes.

The Italian company is pursuing a potential transaction with Norway-listed Subsea 7 as it seeks to bulk up and weather an industry downturn, according to the people, who asked not to be identified because the information is private. Subsea 7, which has a market value of about $3.3 billion, rose as much as 8.4% in Oslo trading Friday for the biggest advance in more than two years. Saipem jumped as much as 5.3%. Both companies later pared their gains. Saipem isn’t the only company from the Italian energy industry seeking growth abroad. This year, Eni and OMV AG acquired a $5.8 billion stake in Abu Dhabi National Oil Co.’s refining unit. Since 2000, Eni has racked up 10 acquisitions each worth at least $1 billion.

By combining with Saipem, Subsea 7 would also get exposure to onshore engineering and construction, where Saipem has a solid track record in the petrochemical and liquefied natural gas industries, thus reducing dependence on upstream oil and gas activities. Furthermore, Saipem has a legacy name in the Middle East and many contracts in this booming market. With this move, the merged entity could fight McDermott for the leading role in the oilfield services segment in the region.

Source: https://www.saipem.com/

103

MRPL Plans To Spend Rs 31,000 Crore For Expanding Refinery Capacity To 18 MTPA

Mangalore Refinery and Petrochemicals Limited (MRPL), the downstream subsidiary of Oil and Natural Gas Corporation (ONGC), plans to invest Rs 31,073 crore to undertake expansion of its flagship 16 Million Tonne Per Annum (MTPA) refinery to 18 MTPA and focus on integration of production streams for petrochemicals like ethylene, propylene and butane, the company said in an application to the environment ministry.

According to company statements, a hybrid configuration with limited increase in crude capacity and petchem products which would meet the boundary conditions of capex requirement, land availability and logistical constraints was envisaged. An in-house hybrid study has been conducted for arriving at the best possible configuration for Petchem addition and capacity expansion project (PACE) by means of low capex, revamps and unit augmentations with fuels conforming to BS VI specifications, for MS and HSD along with petchem products.
The company said the project is currently facing challenges including processing of heavier and sulfur-rich crude, strict environmental regulations, enhanced product specifications for sulfur and aromatics, evolving regional supply and demand dynamics for diesel versus petrol, volatile refining margins, evacuation challenges around petcoke and IMO 2020 specifications, which have necessitated increased capacity and focus on petrochemicals.

MRPL also plans to undertake the capacity expansion of its second crude oil distillation unit (CDU) to 9.7 MTPA from 7.2 MTPA currently, conversion of Visbreaker (VBU) into a 0.7 MTPA CDU for swing operations for processing high sulfur or heavy crude directly and utilization of CDU-I and CDU-III at present capacities. The idea is to utilize maximum crude processing capacity available in primary units.
The company has already started petrochemical production by adding a polypropylene unit and the current refinery complex is integrated to an aromatic complex designed to produce 900,000 Tonne Per Annum (TPA) of paraxylene.

As we focus on MRPL, Mangalore Refinery and Petrochemicals Limited is a schedule ‘A’ Miniratna, Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas. MRPL is located in beautiful hilly terrain, north of Mangaluru city, in Dakshina Kannada District of Karnataka State (India). The 15 Million Metric Tonne Refinery has got a versatile design with complex secondary processing units and high flexibility to process Crudes of various API, delivering a variety of quality products.

Source: https://mrpl.co.in/

104

McDermott Secures Two Major Tech and Engineering Contracts in Russia

McDermott International, Inc. announced it has been awarded a technology contract from Baltic Chemical Company (BCC) and an Extended Basic Engineering (EBE) contract from China National Chemical Engineering No. 7 Construction Company Limited (CC7). The ethane cracking project is owned by Baltic Chemical Complex LLC, a subsidiary of RusGazDobycha.

The project is the largest ethylene integration project in the world. It sits near Russia’s shores at the Gulf of Finland, and the gas processing plant will be comprised of two ethylene cracking facilities, each with an annual capacity of 1.4 million tons. Work on the project will begin immediately and the contract award will be a part of McDermott’s 4Q 2019 backlog.

McDermott’s Lummus Technology will provide the Process Design Package Engineering and the license for its olefin production and recovery technology.
Lummus Technology’s proprietary ethylene steam cracking process is the most widely applied process for the production of polymer-grade ethylene, representing approximately 40 percent of the world’s capacity.
McDermott is excited to be selected for two world-scale ethylene plants by BCC and bring our reliable, high-yield and energy-efficient steam cracking technology to a project that has so much visibility in the petrochemicals industry.
The extended basic engineering work will be executed from McDermott’s downstream Centers of Excellence in The Hague and Brno, Czech Republic.

Source: https://www.mcdermott.com/

102

TechnipFMC Signed Subsea Contract for Nam Con Son 2 Phase 2 Pipeline Development in Vietnam

Oil and gas firm TechnipFMC has secured a significant subsea contract for the Nam Con Son 2 Phase 2 pipeline development across Nam Con Son basin and Cuu Long basin in Vietnam.

The contract for the engineering, procurement and construction (EPC) was awarded by Vietnam’s state-run oil and gas firm PetroVietnam Gas (PV Gas). According to the company, the contract values between $75m and $250m.

TechnipFMC will be responsible for the engineering and installation of 118km of rigid pipeline. The company will also carry out fabrication of subsea structures to tie back the existing Nam Con Son 2 Phase 1 gas pipeline to the Long Hai Landfall Station.

TechnipFMC Subsea president Arnaud Piéton said: “We are extremely pleased to have been entrusted with the Nam Con Son 2 Phase 2 pipeline contract.
Let glimpse over the company, TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. With proprietary technologies and production systems, integrated expertise, and comprehensive solutions, This company is transforming our clients’ project economics.

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

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