larsen and toubro2

L&T Construction Awarded Contracts for its Various Businesses

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

Buildings & Factories Business:

The Buildings & Factories Business of L&T Construction has secured a Design & Build Lump-sum Turnkey order from a prestigious client in India to construct a Grade – A office space in two locations in Bangalore, with a total built-up area of 2 million sq. ft with 3 Basements + Ground + 13 floors configuration. Total seating capacity of both the projects combined will be 14,600. The scope of works includes civil / structure works, MEP, façade works, common area finishes and external development works.

As a part of the sustainable and green design initiatives, the project will be a Gold LEED certified building upon completion.

Water & Effluent Treatment Business:

The Water & Effluent Treatment Business of L&T Construction has secured an order from Punjab Water Supply & Sewerage Board, Punjab, to provide surface-based bulk drinking water supply to Jalandhar town on design, build, operate and transfer basis. The project is part of the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme. The aggregate scope of the project includes design and construction of a raw water storage and sedimentation tank, raw water settling tank cum pumphouse, water treatment plant of capacity 275 MLD, clear water reservoir, underground storage reservoirs and pumping stations, raw and clear water transmission pipelines, associated electromechanical and instrumentation, control and automation works. The project involves automation including measuring input and output water quantity and quality through suitable SCADA and other instrumentation works. The project is designed to cater safe and potable bulk drinking water to Jalandhar benefitting 13.8 lakh population and will help convert existing ground-based water supply system in the town to a surface-based system. L&T GeoStructure: L&T GeoStructure has been awarded projects to construct Down and Up Lines (Package 1 & 2) of a bypass grade separator in Katni district, Madhya Pradesh. The scope involves constructing about 2800 piles, pile caps, piers, pier caps, superstructure, embankment with retaining walls, etc. The project duration is 36 months.

Source: L&T Press Release

ctci 2

CTCI and GE Awarded Multi-Billion Dollar EPC Contract for 5 Combined Cycle Gas Power Units in Taiwan

Earlier this month, Taiwan’s engineering, procurement, and construction (EPC) leader CTCI Corporation and consortium partner, General Electric International Inc (GE), secured a record-breaking multi-billion-dollar EPC contract for five combined-cycle gas-fired power generating units at two power plants in Taiwan.

In partnership with U.S. global company, GE, the consortium was selected for the project which includes works for three new generating units at Hsinta Power Plant with 3,900 MW installed capacity and two new generating units at Taichung Power Plant with 2,600 MW installed capacity, both of which are owned by Taiwan Power Company, the state-owned electric power utility corporation.

“We are pleased to be part of the government’s effort to bring cleaner energy,” said Michael Yang, Chairman of CTCI Corporation. “The result is also a recognition of CTCI Corporation and GE’s proven track records in the power industry.”

CTCI Corporation will provide engineering and construction of civil work and erection for the generating units, as well as whole work of balance of plant. GE will deploy ten units of its latest gas turbine technology, the 7HA.03, with its matching steam turbine, generators and HRSG at both sites. The 7HA.03 is the best evaluated technology striking the optimal balance for power output, efficiency and maintainability.

“Building on a proven track record of delivering and commissioning projects in Taiwan, GE is proud to support Taiwan Power Company in their energy transition program to increase electricity production capacity with more efficient technologies, and bring fast, flexible power to Taiwan,” said Ramesh Singaram, President and CEO of GE Gas Power Asia.

The new generating units will commence operations in phases from 2024, gradually replacing coal-fired power generating units, in line with Taiwan government’s non-nuclear and clean energy policy that seeks to increase gas-fired power ratio to 50% by year 2025.

CTCI Corporation has extensive track records in power plant EPC in Taiwan and Southeast Asia, including nuclear, thermal, cogeneration, and combined cycle power plants. In addition, its parent CTCI Group continues to be a strong supporter of the government’s energy diversification policies by tapping into renewable energy sectors such as offshore wind, solar power, and biomass. For GE, the project builds on the company’s proven track record in Taiwan, where GE’s latest HA technology will power the Datan 7, 8 & 9 combined-cycle power plants.

Source: CTCI

ctci

CTCI wins US$647 million EPCC contract to build a regasification facility of liquefied natural gas (LNG) Receiving Terminal for Taichung Power Plant

CTCI Corporation announced that it has been awarded an approximately NT$19 billion (US$647 million) engineering, procurement, construction and commissioning (EPCC) contract to build a regasification facility of liquefied natural gas (LNG) Receiving Terminal for Taichung Power Plant, owned by Taiwan Power Company (Taipower).

This is the first LNG receiving terminal and regasification facility owned by Taipower other than CPC Corporation (CPC). Taiwanese government has set a goal to increase gas-fired power generation to 50% by 2025, as part of its commitment to achieving transition to clean energy. This project will ensure a stable natural gas supply with 720 tons per hour, which is enough to meet the demand of gas-fired power generating units 1 & 2 at Taichung Power Plant, as well as units 4, 5 & 6 at Tunghsiao Power Plant.

CTCI Corporation will carry out detailed design, procurement and supply of materials, construction and installment, pre-commissioning, commissioning, and one-year operation and maintenance service in this EPCC contract.

This award demonstrates huge success for CTCI in domestic LNG receiving terminal projects, as earlier this year CTCI Corporation was awarded an approximately NT$18.3 billion (US$623 million) EPCC contract to build CPC’s Third LNG Receiving Terminal at Guantang Industrial Area, Taoyuan.

CTCI Corporation has been working with CPC on LNG receiving terminal projects since 1984, later extending its experiences to Mainland China, India, and Thailand markets.

In terms of strong and proven track records for EPC works in Taiwan and the international market, CTCI is a reliable and preferred partner for power, hydrocarbon, and LNG EPC projects. It supports Taiwanese government’s clean energy policy by proactively taking part in renewable energy sectors, such as solar, wind, and biomass.

Source: CTCI Corporation

adnoc epc project

ADNOC Onshore announced the award of two EPC contracts with a combined value of $245 million to upgrade Main Oil Lines and Jebel Dhanna Terminal

ADNOC Onshore, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced today, the award of two Engineering, Procurement, and Construction (EPC) contracts to upgrade two Main Oil Lines (MOLs) and crude receiving facilities at the Jebel Dhanna Terminal in the Emirate of Abu Dhabi. 

The EPC contracts have a combined value of around $245 million (AED 899.9 million) and were awarded to China Petroleum Pipeline Engineering Company Limited – Abu Dhabi and Abu Dhabi-based Target Engineering Construction Co. L.L.C. 

Over 50 percent of the total award value will flow back into the UAE’s economy under ADNOC’s In-Country Value (ICV) program, underscoring ADNOC’s drive to prioritize ICV as it invests responsibly and pursues smart growth to maximize value from its assets and deliver sustainable returns to the United Arab Emirates (UAE). 

Yaser Saeed Almazrouei, Executive Director of ADNOC’s Upstream Directorate, said: “The EPC contracts awarded by ADNOC Onshore will increase the capacity of the two main oil lines and upgrade the Jebel Dhanna Terminal to enable it to receive Upper Zakum and Non-System crude for delivery to the Ruwais Refinery West project. The awards follow a very competitive tender process and highlight how ADNOC is making smart investments to optimize performance and unlock greater value from our assets. Crucially, a significant portion of the awards will flow back into the UAE’s economy under ADNOC’s ICV program, reinforcing our commitment to maximize value for the nation as we create a more profitable upstream business and deliver our 2030 strategy.” 

The EPC contract awarded to China Petroleum Pipeline Engineering Company Limited – Abu Dhabi is valued at approximately $135 million (AED 496.8 million) and the scope is to replace the two MOLs which transport ADNOC’s premium grade Murban crude oil from its oilfields at Bab (BAB), Bu Hasa (BUH), North East Bab (NEB), and South East (SE) to Jebel Dhanna terminal, increasing the capacity of the pipelines by over 30 percent. 

The contract is expected to be completed in 30 months and will see over 45 percent of the award value flow back into the UAE’s economy under ADNOC’s ICV program. 

The EPC contract awarded to Target Engineering Construction Co.L.L.C. is valued at approximately $110 million (AED 403.7 million) and will see the contractor upgrade the crude receiving facilities at the Jebel Dhanna Terminal, enabling ADNOC to utilize parts of the terminal’s existing facilities to import Upper Zakum (UZ) crude oil from offshore and Non-System (NS) crude, for delivery to the new Ruwais Refinery West (RRW) project, located approximately 12 kilometers to the east of Jebel Dhanna terminal. 

This ability to import other grades of crude at Jebel Dhanna following the completion of the project will provide ADNOC greater flexibility, highlighting how the company is extracting value from every barrel of crude it produces. The terminal was originally conceived and operated as a Murban crude oil export facility since its inception in the 1960s.

The contract is expected to be completed in 20 months and will see over 60 percent of the award value to Target Engineering flow back into the UAE’s economy under ADNOC’s ICV program. 

As part of the selection criteria for the awards, ADNOC carefully considered the extent to which bidders would maximize ICV in the delivery of the project. This is a mechanism integrated into ADNOC’s tender evaluation process, aimed at nurturing new local and international partnerships and business opportunities, fostering socio-economic growth, and creating job opportunities for UAE nationals. The successful bids by the two contractors prioritized UAE sources for materials, local suppliers and workforce. 

Source: ADNOC Press Release

l&T

L&T Construction awarded Contracts for its Power Transmission & Distribution Business

L&T’s Power Transmission & Distribution Business has won a prestigious package to establish transmission lines and substations associated with a major infrastructure project in Telangana. The scope of the package involves establishing three new 400 kV Substations with Reactors, associated bay extensions at connected substations and more than 170 km of 400 kV Transmission Links, on a turnkey basis.

Another order has been secured from Konkan Railway Corporation Limited to provide Electrical & Mechanical Systems for two tunnels in the Katra Dharam section of the Udhampur Srinagar Baramulla rail link project. The scope of the package involves 33 kV & 11 kV HT power cable network, GIS substation, DG sets, tunnel lighting, ventilation & firefighting systems, and SCADA system.

A Power Distribution package to replace bare conductors with Aerial Bunched Cables has been received from North India. Additional orders have been received from ongoing transmission line projects. In Oman, the business has bagged a package to construct 400 kV Overhead Lines connecting three Grid Stations.

These high capacity transmission lines will interconnect three major transmission systems to improve dispatch coordination and grid security. These will also enhance access to areas with renewable energy potential and enable reserves sharing. A repeat order has been received from a reputed client in the Middle East.

Source: Larsen & Toubro Press Releases

kbr 2

KBR Wins $75M Contract to Enhance Navy Bases in Djibouti, Africa

KBR has been awarded a $75 million recompete contract by Naval Facilities Engineering Command Europe Africa Central to enhance infrastructure at multiple bases in Djibouti, Africa.

Under this five-year, indefinite-delivery/indefinite-quantity contract, KBR will provide engineering, design, construction, renovations, repairs, maintenance, demolition and other services at both Camp Lemonnier, and its associated Chabelley Airfield.

This work complements KBR’s premier base operating support throughout Africa. Notably, the company has provided base operating support services at Camp Lemonnier since 2013, with work in the region dating back to 2002.

While performing key services in Africa, the KBR team has achieved more than 25 million hours without a lost-time safety incident, a salute to KBR’s commitment to sustainability and safety.

Source: KBR Press Release

substation-generic-pixabay

Elsewedy Electric signs new EPC contract to build a substation with EGP 355.5 Million in Sadat City, Egypt

Elsewedy Electric the leading wires & cables and Integrated Energy Solution Provider in the Middle East and Africa, announced that its subsidiary Elsewedy Electric for Trading & Distribution has signed a new contract to build a new substation with a value of EGP 355.5 Million on a turnkey basis. The EPC contract will be implemented over a 14-month period.

It is worth mentioning that Elsewedy Electric for Trading & Distribution is a pioneer company in the execution of high voltage Transmission lines for more than 1000 km with both (220 KV & 500 KV) and substation (200 KV & 500 KV) within Egypt and Africa. 

Source: Elsewedy Electric

subsea 7

Subsea 7 awarded contract offshore Trinidad and Tobago

Subsea 7 announced the award of a sizeable contract for work offshore Trinidad and Tobago. The contract will be recorded in backlog in the third quarter.

The contract scope covers the project management, engineering, procurement, installation and pull-in of one subsea rigid flowline and flexible riser together with flexible flowlines and associated subsea infrastructure and umbilical system. Offshore installation activities are scheduled for 2021.

Source: Subsea 7

saudi armaco

Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia

Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman.

Gas has started flowing from Hadabat Al-Hajara field near the Iraqi border at an average daily rate of 16 million standard cubic feet, in addition to 1,944 barrels of condensates, which are a type of petroleum that usually isn’t classified as crude oil because it’s too light. The nearby Abraq at-Tulul field has started producing 3,000 barrels a day of crude, 49 barrels of condensates and 1.1 million cubic feet of gas.

Aramco said it will drill more wells to evaluate how much energy the fields hold.

The crude finds pale in comparison to the state firm’s existing production of around 8.5 million barrels a day. But the gas discoveries could help its goal of boosting non-oil output, according to Robin Mills, founder of Dubai-based consulting firm Qamar Energy.

Source: Bloomberg

McDermott-Derrick-Lay-2000

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

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

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

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

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

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

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

Source: McDermott

Water Treatment Plant process at sunset

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

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

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

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

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

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

Source: Chemical Engineering

Offshore_Windfarm2-_

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

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

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

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

Source: Saipem

dme

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

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

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

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

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

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

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

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

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

Source: DEME

L&T-Petropipe

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

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

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

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

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

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

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

Source: Larsen & Toubro

Technip-Petropipe

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

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

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

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

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

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

Important Information for Investors and Securityholders

Forward-Looking Statement

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

Source: TechnipFMC

Chevron- Petropipe

DOF wins Chevron contract in Australia

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

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

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

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

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

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

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

Source: The Australian Pipeliner 

Adnoc-Petropipe

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

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

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

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

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

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

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

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

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

Source: ADNOC 

JGC -Petropipe

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

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

1. ClientSouth Refineries Company(Oil refining company under the Iraqi Ministry of Oil)
2. Construction locationBasrah, Republic of Iraq(Approx. 550 km SE of the capital of Baghdad)
3. Primary equipment(processing abilities)Fluid catalytic cracking unit (34,500 barrels/day),
vacuum distillation unit (55,000 barrels/day),
diesel desulfurization unit (40,000 barrels/day), etc.
4. Contract servicesEngineering, procurement, construction and commissioning
5. Contract typeLump sum contract
6. Order amountApprox. 400 billion JPY
7. Scheduled completion2025

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

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

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

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

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

Source:  JGC Holdings Corporation

L&T-Petropipe

L&T Construction Awarded Contracts for its Various Businesses

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

Water & Effluent Treatment Business:

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

Buildings & Factories Business:

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

GeoStructure:

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

Power Transmission & Distribution Business:

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

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

Source: L&T Press Release

Adnoc-Petropipe

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

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

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

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

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

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

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

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

Source: ADNOC

petropipe

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

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

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

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

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

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

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

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

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

Source: Worley

Petropipe

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

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

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

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

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

Source: Petrofac

ADNOC- Petropipe

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

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

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

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

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

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

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

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

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

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

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

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

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

Source: ADNOC

petropipe

IOG Awards Phase 1 Platform EPCI Contract to HSM

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

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

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

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

Andrew Hockey, CEO of IOG, commented:

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

Jaco Lemmerzaal, Managing Director of HSM, said:

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

Main Source: IOG

Petropipe FZE

Aker Solutions Secures Brownfield Services Contract for Hebron Platform in Canada

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

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

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

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

Source: Aker Solutions

VanOord Project- Petropipe

Van Oord awarded contract to construct Hollandse Kust (noord) offshore wind farm

Following the announcement that CrossWind received the permit for the Hollandse Kust (noord) offshore wind farm, Van Oord is pleased to confirm that it has been contracted for the Balance of Plant scope. CrossWind is a joint venture between Shell and Eneco.

Offshore wind is essential in achieving the energy transition in the Netherlands. In the 2030 Roadmap for offshore wind energy, the Dutch government states that more than 11 gigawatts (GW) of offshore wind farms will be built and connected to the mainland by 2030. Over the past years, Van Oord has played an important role in the development and construction of several Dutch offshore wind farms, such as Gemini Offshore Wind Park and offshore wind farm Borssele III & IV and site V. Hollandse Kust (noord) will have an installed capacity of 759 MW, generating at least 3.3 TWh per year. This is enough renewable power to supply more than 1 million Dutch households with green electricity. CrossWind plans to have the wind farm operational by 2023.

Source: Van Oord

Suiz

SUEZ wins a new industrial contract in China: construction and operation of a hazardous waste management facility in Huaibei City

In China, SUEZ has signed an agreement with the Authorities of Huaibei City, in Anhui Province, to build and operate a facility specialized in industrial hazardous waste management. Bringing sustainable solutions supportive to the local circular economy, this project will ensure the effective treatment of industrial waste, protecting the environment while fostering economic and social development. The contract will represent a revenue of c. €700 million over 30 years. Construction is scheduled to start in the second half of 2020. The completion and commissioning are expected by the end of 2021.

With greater demand coupled with the complexity in managing hazardous waste, Huaibei and surrounding cities are looking for the construction of local facilities with a centralized waste management. SUEZ and its partner have established a new joint venture, to invest, build and operate Huaibei’s first integrated industrial hazardous waste management facility to provide services for companies in the area. Located in the “New Coal Chemical Synthetic Material” industrial complex, the facility will rely on a treatment and Energy from Waste unit with a 30,000 tonnes annual capacity and a storage centre with similar capacity, compliant with the highest standards.

The energy recovery system will recover and produce 85,000 tonnes of steam per year, which will be supplied to the industrial customers in the area while mitigating greenhouse gas emissions. The storage centre will be used for non-incinerable hazardous waste.

Song YuxianDirector of the Administrative Board of the Anhui (Huaibei) New Coal Chemical Synthetic Material Base, said, “We are now accelerating industrial transformation and upgrade to align our activities with green, low-carbon, circular, energy-saving and environmentally-friendly requirements. We hope that the new JV will connect SUEZ’s environmental success stories around the world to not only enable safe and environmentally-friendly disposal of hazardous waste, but also to ensure environmental wellbeing and human health and a greener and more livable planet.”

Source: Suez

Taqa project

EWEC Announces Partners to Develop the World’s Largest Solar Power Plant

The Emirates Water and Electricity Company (EWEC), a leading company in the coordination of planning, purchasing and providing of water and electricity across the UAE, announced the award for the world’s largest solar power plant. The project was awarded to a consortium led by Abu Dhabi National Energy Company (TAQA) and Masdar, with partners EDF and JinkoPower, for the development of the 2 GW Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project, which will be located approximately 35 kilometers from Abu Dhabi city. The project’s power purchase agreement (PPA) and shareholders’ agreement were signed with EWEC.

The rigorous procurement process resulted in one of the most cost-competitive tariffs for solar PV energy, set at AED 4.97 fils/kWh (USD 1.35 cents/kWh) on a levelized cost of electricity (LCOE) basis. Upon full commercial operation, the plant is expected to reduce Abu Dhabi’s CO2 emissions by more than 2.4 million metric tonnes per year, equivalent to removing approximately 470,000 cars from the road.

Speaking about the milestone, Othman Al Ali, Chief Executive Officer of EWEC, said: “We are delighted to work with our partners and sign a PPA with a record-low tariff for solar power. We are working to secure long-term energy supply and reinforce solar power’s integral role in meeting current and future energy needs. Combined with key technological advances, the Al Dhafra Solar PV project will have a significant impact on diversifying the approach to our current electricity supply, and drive our strategic plan to further contribute towards the sector’s transformation in water and electricity production, as we develop a low-carbon grid in the UAE.”

Jasim Husain Thabet, Group CEO and Managing Director at ‎TAQA, said: “The Al Dhafra Solar PV plant is a benchmark project for our nation and the global energy sector. The project’s low tariff and utilisation of best-in-class technology further demonstrate the feasibility of utility-scale renewable energy projects that are accelerating our nation’s progress on meeting the ambitious energy objectives outlined in the UAE Energy Strategy 2050. Once fully operational, the plant will increase Abu Dhabi’s solar power capacity to approximately 3.2 GW.”

The Al Dhafra Solar PV project is expected to provide approximately 160,000 households across the UAE with electricity. It will be larger than TAQA’s existing 1.2 GW ‘Noor Abu Dhabi’ solar plant, which is currently the world’s largest operational single-project solar PV plant.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: “Through the award of the Al Dhafra project, the UAE is affirming once again its determination to lead the global transition to cleaner energy sources, deploying the latest advances in solar power technology at tremendous scale cost efficiently. At Masdar, we are honoured to join EWEC, TAQA, EDF, JinkoPower, and the many other prestigious partners involved in this outstanding project. We are excited to be working with them to realise the world’s largest single-site solar power plant in Abu Dhabi, building on our existing portfolio of world-class projects in the UAE, including Shams in Madinat Zayed in Abu Dhabi, and the third phase of the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai.”

Bruno Bensasson, EDF Group Senior Executive Vice-President Renewable Energies and Chief Executive Officer of EDF Renewables, said: “EDF has a strong and close relationship with the UAE, providing the country with cutting-edge technology and supporting its energy policies for the long term. With this new project, we are honoured and delighted to be able to continue this strategic partnership. For EDF, the signing of the PPA for Al Dhafra Solar PV is a testimony of the confidence that the government and EWEC have in our industrial abilities. The project will use the latest in crystalline, bifacial solar technology delivering electricity to the highest efficiency and at a world record-low tariff in such irradiation conditions. It will support the UAE’s unique vision and leadership position in the development of a diverse range of renewable energy solutions that will provide sustainable and efficient power for generations to come.”

Charles Bai, President of JinkoPower International Business, commented: “Jinko is once again privileged to be a partner in developing the new largest PV generation plant in the world, following our successful partnership in building the current world’s largest single solar project, Noor Abu Dhabi. The UAE energy industry is known for its world-class standards, operating with fairness and transparency. It is an attractive environment for investors and underpins our strategy to continue investing in renewable energy projects in the UAE. The Al Dhafra Solar PV project raises the bar in the energy sector and also sets the foundation to demonstrate how new records can be made. Today, Jinko and our partners are proud to begin to execute the world’s largest PV project and diligently deliver the latest world-class technology and construction methods.”

Through this project, 60% will be owned by a consortium comprising TAQA and Masdar, while the remaining 40% will be owned by EDF and JinkoPower. The project’s financial closure is expected to occur in Q3 2020, enabling initial power generation in H1 2022 and full generation by H2 2022. Once fully operational, the plant will increase Abu Dhabi’s solar power capacity to approximately 3.2 GW.

Source: Taqa.com

Petropipe

Fluor Awarded Front-End Engineering and Design Contract for California Resources Corporation Carbon Capture Project

 Fluor Corporation announced that it was awarded a front-end engineering and design (FEED) contract for California Resources Corporation’s (CRC) carbon capture and sequestration project, Cal Capture, at the 550-megawatt, natural gas-powered Elk Hills Power Plant in Tupman, California. The FEED is being funded by the U.S. Department of Energy (DOE) through collaboration with the Electric Power Research Institute (EPRI) as part of a larger initiative to advance carbon capture technology development.

“Fluor’s commitment to helping clients achieve their clean energy goals continues with this recent award from CRC,” said Mark Fields, group president of Fluor’s Energy & Chemicals business. “We are honored to be selected by CRC to help them design and permit California’s first carbon capture and sequestration system.”

Fluor’s scope of work is as the licensor providing engineering services for the plant’s licensed process unit and required utility systems using its proprietary Econamine FG PlusSM carbon capture technology which is an energy-efficient and cost-effective process for the removal of carbondioxide from flue gas streams. The process will incorporate Fluor’s advanced solvent formulation together with a number of patented energy savings features.

The execution of the project is a collaborative effort between EPRI, CRC and Fluor. The DOE award was made to EPRI, which has led the interface with the DOE. CRC is providing the project oversight and defining the basis of the FEED.

“CRC has four 2030 sustainability goals that align with those of the State of California. Our carbon goal is to design and permit a carbon dioxide (CO2) capture and storage system – the Cal Capture project – at our Elk Hills Power Plant with associated CO2 injection for enhanced recovery and sequestration at the adjacent Elk Hills oil field,” said Shawn Kerns, CRC executive vice president of Operations and Engineering. “The Cal Capture project offers multiple benefits including substantial emissions reductions, substantial positive economic impacts across the California economy and the development of a key technology needed worldwide to meet future energy transition targets.”

Source: Fluor Corporation

Petropipe

Japan wins deal for nearly $2bn LNG power plant in Myanmar

Trading houses Marubeni, Sumitomo Corp. and Mitsui & Co. will build a liquefied natural gas-fired power plant in Myanmar, one of the biggest investments by Japanese companies in the Southeast Asian country, people familiar with the matter say.

The three companiesestimate total investment in the project at $1.5 billion to $2 billion.The plant is expected to start operating by 2025 with a capacity equalto about 20% of Myanmar’s existing power plants.

The project marks a win for Japan in a region where China has competed hard for infrastructure deals.

Demand for LNG power is expected to grow in Southeast Asia as a low-emission alternative to cheap coal. Marubeni, Sumitomo and Mitsui expect the project in Myanmar to help them expand their power businesses in the region.

In Myanmar, electricity demand has been growing at a rate of 10% to20% a year with industrialization and the electrification of farmingvillages. Frequent power outages have posed an obstacle to the country’sgoal of attracting foreign investment in manufacturing.

The plantwill be built in a suburb of Yangon, Myanmar’s commercial capital andmost populous city. The three companies will operate it through a jointventure they will establish with Eden Group, a local conglomerate whosebusinesses include real estate and agriculture.

The plant will have a generating capacity of 1,250 megawatts — about as much as one nuclear reactor. Myanmar’s existing power generation capacity is about 6 megawatts, according to the country’s Ministry of Electricity and Energy.

The Myanmar government will soon provide the project partners awritten notification that gives a green light to proceed to the nextstage, which includes a detailed feasibility study, plant design andnegotiations on selling power to the Electric Power GenerationEnterprise, a public utility.

With its access to the Indian Ocean,Myanmar is a key focus of China’s Belt and Road infrastructureinitiative. Chinese President Xi Jinping called on Myanmar’s governmentto smooth the way for infrastructure projects during a visit to thecountry in January. In 2018, Chinese companies secured the rights to anLNG power plant project of a similar scale to that planned by theJapanese trading houses.

The new investment in LNG power comes asSoutheast Asian nations grapple with the environmental costs of coal,which provides about 40% of the region’s electric power. The fuel’s highcarbon dioxide emissions have raised opposition to new coal plantsamong both local residents and the international community.

LNGemits about half as much CO2 as coal when burned. Myanmar recently begancommercial operations at an LNG power plant run by a Hong Kong-ledgroup. In Vietnam, the state-run PetroVietnam group has started buildingthe country’s first LNG terminal, which is expected to becomeoperational in 2022. The Philippines also has plans for an LNG terminal.

Japan has faced criticism for its funding of overseas coal projects, prompting major trading houses to halt participation in new power plant and mine deals.

Source: Asia Nikkei

Chevron_ Petropipe

Chevron Announces Agreement to Acquire Noble Energy

Chevron Corporation announced that it has entered into a definitive agreement with Noble Energy, Inc. (NASDAQ: NBL) to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share. Based on Chevron’s closing price on July 17, 2020 and under the terms of the agreement, Noble Energy shareholders will receive 0.1191 shares of Chevron for each Noble Energy share. The total enterprise value, including debt, of the transaction is $13 billion.

The acquisition of Noble Energy provides Chevron with low-cost, proved reserves and attractive undeveloped resources that will enhance an already advantaged upstream portfolio. Noble Energy brings low-capital, cash-generating offshore assets in Israel, strengthening Chevron’s position in the Eastern Mediterranean. Noble Energy also enhances Chevron’s leading U.S. unconventional position with de-risked acreage in the DJ Basin and 92,000 largely contiguous and adjacent acres in the Permian Basin.

“Our strong balance sheet and financial discipline gives us the flexibility to be a buyer of quality assets during these challenging times,” said Chevron Chairman and CEO Michael Wirth. “This is a cost-effective opportunity for Chevron to acquire additional proved reserves and resources. Noble Energy’s multi-asset, high-quality portfolio will enhance geographic diversity, increase capital flexibility, and improve our ability to generate strong cash flow. These assets play to Chevron’s operational strengths, and the transaction underscores our commitment to capital discipline. We look forward to welcoming the Noble Energy team and shareholders to bring together the best of our organizations.”

“This combination is expected to unlock value for shareholders, generating anticipated annual run-rate cost synergies of approximately $300 million before tax, and it is expected to be accretive to free cash flow, earnings, and book returns one year after close,” Wirth concluded.

“The combination with Chevron is a compelling opportunity to join an admired global, diversified energy leader with a top-tier balance sheet and strong shareholder returns,” said David Stover, Noble Energy’s Chairman and CEO. “Over the last few years, we have made significant progress executing our strategic objectives, including driving capital efficiency gains onshore, advancing our offshore conventional gas developments and significantly reducing our cost structure. As we looked to build on this positive momentum, the Noble Energy Board of Directors and management team conducted a thorough process and concluded that this transaction is the best way to maximize value for all Noble Energy shareholders. We look forward to bringing together our highly complementary cultures and teams to realize the long-term value and benefits that this combination will deliver.”

Transaction Benefits

  • Low Cost Acquisition of Proved Reserves and Attractive Undeveloped Resource: Based on Noble Energy’s proved reserves at year-end 2019, this will add approximately 18 percent to Chevron’s year-end 2019 proved oil and gas reserves at an average acquisition cost of less than $5/boe, and almost 7 billion barrels of risked resource for less than $1.50/boe.
  • Strong Strategic Fit: Noble Energy’s assets will enhance Chevron’s portfolio in:
    • U.S. onshore
      • DJ Basin – New unconventional position with competitive returns that can be further developed leveraging Chevron’s proven factory-model approach.
      • Permian Basin – Complementary acreage that enhances Chevron’s strong position in the Delaware Basin.
      • Other – An integrated midstream business and an established position in the Eagle Ford.
    • International
      • Israel – Large-scale, producing Eastern Mediterranean position that diversifies Chevron’s portfolio and is expected to generate strong returns and cash flow with low capital requirements.
      • West Africa – Strong position in Equatorial Guinea with further growth opportunities.
  • Attractive Synergies: The transaction is expected to achieve run-rate operating and other cost synergies of $300 million before-tax within a year of closing. 
  • Accretive to Return on Capital Employed, Free Cash Flow, and EPS: Chevron anticipates the transaction to be accretive to ROCE, free cash flow and earnings per share one year after closing, at $40 Brent.

Transaction Details

The acquisition consideration is structured with 100 percent stock utilizing Chevron’s attractive equity currency while maintaining a strong balance sheet. In aggregate, upon closing of the transaction, Chevron will issue approximately 58 million shares of stock. Total enterprise value of $13 billion includes net debt and book value of non-controlling interest.

The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close in the fourth quarter of 2020. The acquisition is subject to Noble Energy shareholder approval. It is also subject to regulatory approvals and other customary closing conditions.

The transaction price represents a premium of nearly 12% on a 10-day average based on closing stock prices on July 17, 2020. Following closing of the transaction, Noble Energy shareholders will own approximately 3% of the combined company.

Advisors

Credit Suisse Securities (USA) LLC is acting as financial advisor to Chevron. Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal advisor to Chevron. J.P. Morgan Securities LLC is acting as financial advisor to Noble Energy. Vinson & Elkins LLP is acting as legal advisor to Noble Energy.

Source: Chevron

Saipem_Petropipe

Saipem awarded several new offshore wind contracts for a total value exceeding 90 million euros. Additional activity for the Saipem 7000 in the wind segment

Saipem has been awarded new offshore wind contracts, for projects currently under development off the coasts of England, Scotland and France, for a total value of over 90 million euros.

Dogger Bank Offshore Wind Farms, a joint venture between Equinor and SSE Renewables, has awarded a contract to Saipem for the transportation and installation of two offshore HVDC (High Voltage Direct Current) platforms for the first two phases of the Dogger Bank project: Dogger Bank A and Dogger Bank B. Both platforms will have a capacity of 1.2 GW and will consist of a ca. 2,900-ton jacket and a ca. 8,500-ton topside. Dogger Bank will be the world’s biggest offshore wind farm when completed and is located over 130km off the North East coast of England. The project is the first to use HVDC technology in the UK’s offshore wind market.

Saipem has also been awarded an installation contract by Seaway 7 related to the Seagreen Offshore Wind Farm, a 1,075MW joint venture project between SSE Renewables (49%) and Total (51%) off the East coast of Scotland. The scope of work entails the installation of 114 foundations for an equivalent number of wind turbines.

Lastly, Saipem has been awarded a contract for the transportation and installation of the jacket and topside of the offshore substation at St-Brieuc offshore wind farm, located in Brittany, France, which is being developed by Ailes Marines, part of the Iberdrola group. All project management and engineering activities shall be executed by Saipem SA, Saipem’s French subsidiary established in Paris.

These offshore installation projects will be carried out by the crane vessel Saipem 7000.

With these contracts, Saipem further consolidates its position as a key player in renewables, for which a dedicated business line has been recently established within the E&C Offshore division.

Francesco Racheli, Chief Operating Officer of Saipem’s E&C Offshore Division, commented: “These new contracts confirm Saipem’s participation in the most relevant offshore windfarm developments and are the tangible results of a strategy which has led us to become a global reference player in energy transition. This significant achievement has been attained by leveraging on our capabilities, our technological flexibility and our distinctive assets”.

Source: Saipem

Petropipe News

Maersk Drilling awarded one-well contract for low-emission rig Maersk Integrator under Aker BP alliance

Maersk Drilling has secured an additional one-well contract from Aker BP, acting as operator of the Tambar license, for the low-emission jack-up rig Maersk Integrator. In direct continuation of its current work scope, the rig will move to the Tambar field offshore Norway to drill the K-2B development well, with work expected to commence in February 2021. The contract has an estimated duration of 73 days and a contract value of approximately USD 18.5m, excluding integrated services provided and a potential performance bonus.

Maersk Integrator is contracted under the terms of the frame agreement Maersk Drilling entered into with Aker BP in 2017 as part of the Aker BP Jack-up Alliance which also includes Halliburton. The tripartite alliance uses a shared incentives model, thereby securing mutual commitment to collaborate and drive digital initiatives 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 delighted to confirm that Maersk Integrator will be back in action for Aker BP in early 2021. Our alliance with Aker BP and Halliburton is enabling new ways of working as one team across the value chain, and we have most recently seen the results of this in the safe and highly efficient operation delivered by Maersk Integrator in a complex campaign on the Ula field. This increased efficiency also translates into a reduction of the CO2 emissions associated with drilling, which will be further enhanced by the upgrades currently being performed on Maersk Integrator,” says COO Morten Kelstrup of Maersk Drilling.

Maersk Integrator is an ultra-harsh environment CJ70 XLE jack-up rig, designed for year-round operations in the North Sea. It was delivered in 2015 and is currently performing its scheduled Special Periodic Survey offshore Norway. The rig is further undergoing a series of upgrades to turn it into a hybrid, low-emission rig before expectedly moving to the Ivar Aasen field for Aker BP in August 2020.

Source: Maersk Drilling

Taqa _Petropipe

TAQA Awards AED 900 Million Projects to Expand Its Recycled Water Distribution Program

Abu Dhabi National Energy Company (TAQA) announced, that its subsidiary, Abu Dhabi Distribution Company (ADDC), awarded projects worth up to AED 900 million to expand the company’s recycled water distribution program. The two new projects will, upon completion, have a combined capacity to transmit approximately 85 million imperial gallons per day (MIGD) of recycled water – enough to irrigate more than 3.5 million palm trees.

The program’s expansion will significantly increase the use of recycled water beyond municipal landscaping to include commercial and agricultural operations. Following completion of the projects, approximately 4,000 farms could benefit from the supply of recycled water, which would further support the program’s objectives to optimize the use of desalinated water, prevent the depletion of ground water resources and divert more recycled water towards a wider range of uses.

This phase of ADDC’s recycled water distribution program builds on its announcement in January, when the company began transmitting a capacity of 4.4 MIGD of recycled water for landscaping irrigation on Saadiyat Island, through a new transmission scheme supplied from the existing network on Yas Island. Now, ADDC’s expanded transmission infrastructure will serve commercial and agricultural clients along the outskirts of the city of Abu Dhabi. These two new projects will, collectively, encompass the laying of approximately 150 kilometers of pipelines in two phases, with the first 30 MIGD pipeline project slated for completion by Q3 2021 and the second 55 MIGD project slated for Q4 2021.

Omar Abdulla Alhashmi, Executive Director of Transmission and Distribution at TAQA, said: “Our expanded recycled water program directly supports TAQA’s vision for a future in which we are not only a sustainable, reliable and efficient supplier of water, but an organization whose operations directly contribute to the realization of the UAE’s broader sustainability and environmental goals. We are particularly focused on the goals outlined in the national strategies for energy and water supply, which anticipate an increase in demand and the deployment of more clean technologies and sustainable methods of service delivery. The expansion of ADDC’s recycled water distribution program plays a key role in TAQA’s transformative impact on Abu Dhabi’s utilities sector – across the value chain and for decades to come.”

H.E. Saeed Mohamed Al-Suwaidi, Managing Director of ADDC, added: “ADDC’s recycled water distribution program plays an integral role in meeting the objectives set forth in the UAE’s Water Security Strategy 2036. By implementing practical and sustainable solutions that optimize desalinated water usage and protect our precious groundwater resources, we will continue to reinforce the Emirate’s strategic approach to achieving water and environmental sustainability.”

Today’s recycled water expansion follows the announcement of TAQA’s successful transaction with ADPower on July 1, 2020, which created the UAE’s 3rd-largest publicly listed company by market capitalization and a top-10 utility player in the EMEA region by regulated assets. As part of the transaction, the majority of ADPower’s power and water generation, transmission and distribution assets, including ADDC, were transferred to TAQA in exchange for 106,367,950,000 new shares.

Source: Taqa Press Release

Subsea7 Taiwan- Petropipe

Subsea 7 awarded renewables contract offshore Taiwan

Subsea 7 announced the award of a sizeable(1) contract for the installation of the submarine cable system on an offshore wind farm project in Taiwan.

Project engineering will commence immediately at Seaway 7’s offices in Leer, Germany and in Taipei, Taiwan. Offshore activities are expected to commence in 2023.

The contract is subject to a final investment decision by the client and Subsea 7 will record the contract in backlog once that decision has been made.

At this time, no further details can be communicated for contractual reasons.

(1) Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.

Source: Subsea7

Mcdermott Project | Petropipe

McDermott Awarded Next Phase of Azikel Refinery Project

McDermott International Ltd. announced it has been awarded a *large engineering and procurement contract from Azikel Petroleum Ltd. for the modular 12,000 BPD Hydro-Skimming Refinery project. The facility will be located in Yenagoa, Bayelsa State within the Federal Republic of Nigeria.

The scope of the award includes the detailed engineering and design of the inside battery limits (ISBL) modular refinery. It also includes supply of equipment and all tagged items within the ISBL.

McDermott has been working with Azikel Petroleum Ltd. since 2018, most recently on an extended Front-End Engineering Design (FEED). This next phase of the award will utilize McDermott’s extensive modularization experience and expertise. The design capitalizes on McDermott’s world-class refining process engineering abilities.

“McDermott has been an integral part of what is one of the few refineries to be built in Nigeria and we look forward to expanding our presence further by delivering the next phase of this important project,” said Tareq Kawash, Senior Vice President, Europe, Middle East, Africa. “Our decades of modularization experience makes us uniquely positioned to deliver this scope and the team has done a great job of developing a simple process design that meets all of Azikel’s product specification requirements.”

The engineering and design are scheduled to be executed from McDermott’s office in Tyler, Texas with support from its Mexico City office. Equipment will be sourced from both US domestic and international suppliers. Azikel is building this grassroots facility and has already done extensive work to prepare the site for construction. The early work includes site reclamation and backfilling, completion of roads, perimeter wall, drainage and security gates. Early work also includes construction of the administrative, maintenance and terminal operator buildings as well as the erection of the feedstock tanks. Construction is also underway for a 656-foot (200 meter) pier with shoreline protection. The pier will be used for the delivery of the refinery modules and other equipment.

The President of Azikel Group, Dr. Eruani Azibapu Godbless, stated that the award was based on the high level of confidence and professionalism exhibited by McDermott and he expects the project will be delivered on schedule and within budget. He further stated that the Azikel Refinery is a flagship for Nigeria as it is the first hydroskimming refinery to advance to this level of achievement in the modular refinery regime.

Azikel Petroleum Limited is a subsidiary of the Azikel Group and the progenitor of the Azikel Refinery Project.

The contract award will be reflected in McDermott’s second quarter 2020 backlog.

* – McDermott defines a large contract as between USD $50 million and $250 million.

Source: McDermott

Wood | Petropipe

Wood secured two solar EPC contracts from an American power and energy company worth over $200 million

Wood, the global engineering and consulting company, has secured two solar engineerings, procurement and construction (EPC) contract from an American power and energy company worth over $200 million.

Wood was selected following a competitive tender process and will be responsible for delivering two major solar projects in the U.S. state of Virginia with a combined output of 190 megawatts.

The first project is a 120-megawatt solar facility in Pittsylvania County, expected to be operational in 2022.

The second project covers a 70-megawatt solar facility in Chesapeake and is expected to be operational in late 2021.

Both solar facilities also further Virginia’s Clean Economy Act, passed on April 13, 2020, which mandates that the state’s electricity be 100% carbon-free by 2050.

Stephanie Cox, CEO of Wood’s Asset Solutions Americas business, said: “These contracts build on a 10-year relationship with our client, for whom we’ve executed more than 40 projects. The awards are testament to our ability to maintain consistent project execution, deliver to accelerated construction schedules and bring forth a strong EPC proposition and skilled workforce to meet our client’s project goals.

“We are seeing an unstoppable momentum towards a lower-carbon energy environment and Wood is proud to partner with clients that are committed to investing in a sustainable energy future.”

These awards follow a series of other recent contract wins including $100 million of onshore wind projects, that will see Wood’s U.S. renewables business double in size in 2020.

To date, Wood has delivered over 200 solar projects across the globe, including 35GW of solar PV projects. In addition to its extensive engineering, procurement and construction track record, Wood has provided advisory solutions for over 13 years and developed world-leading guidelines for the renewables sector, including the IFC solar guidebook.

Source: Wood Plc

Petropipe

Saipem awarded a contract for the Búzios pre-salt field in Brazil worth approximately 325 million USD

Saipem has been awarded a contract by Petrobras for the installation of a rigid riser-based subsea system to serve the Búzios pre-salt project, in water depths from 1537 to 2190 meters, offshore the state of Rio de Janeiro.

The Búzios-5 overall production system foresees the interconnection of 15 wells to the FPSO in two phases. The project awarded to Saipem includes the Engineering, Procurement, Construction and Installation (EPCI) of the Steel Lazy Wave Risers (SLWR) and associated flowlines between all wells and the FPSO. In particular, the scope of work includes five production and five injection risers and flowlines for a total length of 59 km, a 16 km-long gas export line to be connected to an existing pipeline, 11 rigid jumpers and 21 foundation subsea structures (risers and PLETs).

Saipem will use FDS, its state-of-the-art field development ship, for all the subsea works.

“Búzios is one of the world’s largest deepwater oil fields and it is very important for Saipem to contribute to such a significant project for Brazil, a country in which we have a long-established presence and track record of successfully-executed projects.” commented Francesco Racheli, Chief Operating Officer of Saipem’s E&C Offshore Division. “This new acquisition efficiently combines in-house capabilities and appropriate assets to carry out this ambitious endeavour and reinforces our reputation as a global provider of valuable solutions in a country offering great opportunities. We look forward to working alongside Petrobras to further develop Brazil’s resources and ensure the safe and timely achievement of the field’s full production output”.

Source: Saipem

petrofac epc project

Petrofac joint venture secures EPCC contract in Kazakhstan with NCOC

Petrofac’s Engineering & Production Services (EPS) division, in joint venture with Isker, a Kazakhstan company, has secured an Engineering, Procurement, Construction, Pre-commissioning and Commissioning (EPCC) contract worth approximately US$135 million for New Water Treating Facilities for North Caspian Operating Company (NCOC) in Atyrau, Kazakhstan.

The work scope for the 30-month project includes an inlet stream screening to remove debris, feed water tanks with oil skimmer and pumps, a clarifier system including flocculation, coagulation and oil skimmer, treated wastewater storage and pumps, sludge treatment and relative utilities.

The award of this project is in line with Petrofac EPS’s strategy to focus on and secure small greenfield and brownfield EPC projects, utilising its capabilities, footprint and infrastructure.

NCOC acts as the operator of the North Caspian Project, the first major offshore oil and gas development in Kazakhstan. The company started oil production at the Kashagan field in 2016 and production has now reached 380,000 barrels per day.

Source: Petrofac

Technip FMC

TechnipFMC Signs a Major EPC Contract with Assiut National Oil Processing Company (ANOPC) for a New Hydrocracking Complex in Egypt

TechnipFMC has signed a major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt.

This EPC contract covers new process units such as a Vacuum Distillation Unit, a Diesel Hydrocracking Unit, a Delayed Coker Unit, a Distillate Hydrotreating Unit as well as a Hydrogen Production Facility Unit using TechnipFMC’s steam reforming proprietary technology. The project also includes other process units, interconnecting, offsites and utilities.

The complex will transform lower-value petroleum products from Assiut Oil Refining Company’s (ASORC) nearby refinery into approximately 2.8 million tons per year of cleaner products, such as Euro 5 diesel.

The complex will transform lower-value petroleum products from Assiut Oil Refining Company’s (ASORC) nearby refinery into approximately 2.8 million tons per year of cleaner products, such as Euro 5 diesel.

Catherine MacGregor, President of Technip Energies, stated: “This award demonstrates TechnipFMC’s long-standing relationship with the Egyptian petroleum sector and strengthens our expertise in the delivery of complex projects in the country. It comes after successful execution of the FEED (2)reflecting our selective approach and the importance of being involved at a very early stage of any development. Assiut is considered one of the major strategic projects needed to meet growing local demand for cleaner products, and we are extremely honored to have been selected by ANOPC to contribute to the largest refining project to be implemented in Upper Egypt.

The Company is working with ANOPC to complete the remaining conditions precedent to enable project work to commence. The Company will include the contract award in its inbound when all the requirements are fulfilled.

Source: Technip FMC

PetropipeFze

Air Products, ACWA Power and NEOM Sign Agreement for $5 Billion Production Facility in NEOM Powered by Renewable Energy for Production and Export of Green Hydrogen to Global Markets

The World’s Largest Green Hydrogen Project Will Supply 650 Tons Per Day of Carbon-Free Hydrogen for Transportation Globally and Save the World Three Million Tons Per Year of CO2,

Air Products, in conjunction with ACWA Power and NEOM, announced the signing of an agreement for a $5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy. The project, which will be equally owned by the three partners, will be sited in NEOM, a new model for sustainable living located in the north west corner of the Kingdom of Saudi Arabia, and will produce green ammonia for export to global markets.

The joint venture project is the first partnership for NEOM with leading international and national partners in the renewable energy field and it will be a cornerstone for its strategy to become a major player in the global hydrogen market. It is based on proven, world-class technology and will include the innovative integration of over four gigawatts of renewable power from solar, wind and storage; production of 650 tons per day of hydrogen by electrolysis using thyssenkrupp technology; production of nitrogen by air separation using Air Products technology; and production of 1.2 million tons per year of green ammonia using Haldor Topsoe technology. The project is scheduled to be onstream in 2025.   

Air Products will be the exclusive off-taker of the green ammonia and intends to transport it around the world to be dissociated to produce green hydrogen for the transportation market.

“We are honored and proud to partner with ACWA Power and NEOM and use proven technologies to make the world’s dream of 100 percent green energy a reality,” said Seifi Ghasemi, Chairman, President and Chief Executive Officer for Air Products. “Harnessing the unique profile of NEOM’s sun and wind to convert water to hydrogen, this project will yield a totally clean source of energy on a massive scale and will save the world over three million tons of CO2 emissions annually and eliminate smog-forming emissions and other pollutants from the equivalent of over 700,000 cars.”

Mohammad A. Abunayyan, ACWA Power Chairman, said, “Stemming from our belief in Vision 2030 and HRH Crown Prince Mohammed bin Salman’s aspirations for NEOM to become the global pioneer in sustainable living, the Board of Directors and Management of ACWA Power are proud to take part in this groundbreaking and first-of-its-kind investment in the world. ACWA Power has a proven track record of leveraging pioneering renewable technologies to deliver carbon-free power at the lowest cost. With our global experience, we are confident that our collaboration with an industry-leading company like Air Products will create significant opportunities in the production of green hydrogen, and further us in our goal to help countries meet their clean energy targets and unlock significant socio-economic benefits. Based in NEOM’s Industrial Cluster, and enabled by its unique mandate, this investment will integrate and localize cutting-edge technologies that will harness solar and wind power to produce sustainable and globally accessible green energy.”

NEOM CEO, Nadhmi Al-Nasr, said, “This partnership reflects our deep commitment to developing a carbon positive society which will be a beacon for sustainable living and a solution to many of the environmental challenges facing the world. This demonstrates the ability of NEOM to generate significant partnership opportunities for international and national investors. This is a pivotal moment for the development of NEOM and a key element in Saudi Vision 2030 contributing to the Kingdom’s clean energy and circular carbon economy strategy. As the world’s largest renewable hydrogen project, NEOM’s Board of Directors, headed by HRH Crown Prince Mohammed bin Salman, and the company’s Executive team are delighted to announce this significant milestone for NEOM in becoming a global leader in green hydrogen production and green fuels. We are also excited that two world-class organizations, Air Products and ACWA Power, have joined us in developing this major project, the first of many developments at this scale that will put NEOM at the heart of a new future society.”

Source: NEOM NewsRoom

Mc dermott| Petropipe

McDermott Awarded EPFC Contract for Storage Tanks in Canada

McDermott International Ltd. announced CB&I Storage Solutions has been awarded a large* contract by a major EPC contractor for the engineering, procurement, fabrication and construction (EPFC) of 14 tanks in Burnaby, British Columbia. The tanks are part of the Trans Mountain Expansion Project, which will increase the nominal capacity of the Trans Mountain Pipeline System from 300,000 to 890,000 barrels of oil per day.

The scope of the contract includes 14 flat-bottom atmospheric storage tanks of various sizes up to 185 feet (56.4 meters) in diameter. The engineering and installation of the tanks will be performed by Canadian workers.

“This award demonstrates the confidence major international contractors place in our world-class storage and EPFC solutions,” said Cesar Canals, Senior Vice President of CB&I Storage Solutions. “For more than a century, CB&I Storage Solutions has maintained a strong track record of execution excellence in Canada.” 

The award will be reflected in McDermott’s second quarter 2020 backlog.

*McDermott defines a sizeable contract as between USD $50 million and $250 million.

CB&I Storage Solutions is the world’s leading designer and builder of storage facilities, tanks and terminals. With more than 59,000 structures completed throughout its 130-year history, CB&I Storage Solutions has the global expertise and strategically-located operations to provide its customers world-class storage solutions for even the most complex energy infrastructure projects.

About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach to design and build infrastructure solutions to responsibly transport and transform oil and gas into the products the world needs today. From concept to commissioning, our expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. It is called the “One McDermott Way.”

Operating in over 54 countries, McDermott’s locally-focused and globally-integrated resources include approximately 40,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.

Source: McDermott News

Saipem projects|Petropipe

Saipem has been selected by Perdaman Industries for a Urea Plant in Karratha, Australia

Saipem, in a 50% joint venture with Clough, has been selected as the exclusive EPC contractor for the development of Perdaman Industries’ urea plant on the Burrup Peninsula, approximately 20 km North-West of Karratha, on the coastline of Western Australia. The conclusion of the contract is subject to a Final Investment Decision (FID), final signature of an EPC contract and all governmental and regulatory authorizations.

The scope of work of the joint venture includes engineering, construction, pre-commissioning and commissioning of the urea plant including all utilities, urea handling, storage tanks and site civil buildings.

The facility will consist of the urea fertiliser plant and related facilities with a capacity of 2 million tonnes of urea per annum and will include a water treatment plant, a power plant (100MW), as well as urea storage, loading and unloading facilities. The urea will be shipped from Pilbara Ports Authority to local and offshore markets, with 50 to 100 shiploads expected per year.

Alessandro Tattini, APAC Area Manager of Saipem’s Onshore E&C Division commented: “Saipem has a strategic interest in Australia as well as strong international expertise in urea/ammonia. Thanks to this joint venture, we are partnering with a company such as Clough who has been delivering projects in the country for more than a century. This joint venture looks forward to bringing one of the largest urea projects in the world into production for our client Perdaman”.

Source: Saipem


Duqm refiniries | Petropipe

Mammoet awarded two contracts for Oman’s Duqm oil refinery

Mammoet has recently been awarded two contracts crucial to the success of Duqm oil refinery, reflecting a major step forward in the development of a world-class integrated refining and petrochemical complex .

The Duqm refinery is a strategic investment for the Sultanate of Oman and forms the cornerstone of the Duqm Special Economic Zone, Oman’s next industrial center. The development occupies more than 2,000 acres and, when completed, will have the capacity to process approximately 230,000 barrels of crude oil per day.

It will manufacture high-quality products, such as diesel, jet fuel, naphtha and LPG, in compliance with global operational and safety standards. The first contract came from a local manufacturer, comprising the inland and sea transport of nine LPG storage tanks (bullets) for EPC-2 Offsite and Utilities scope of the project. 

The second contract was awarded by Agility Global Logistics (Agility) and involved receiving and transport of various reactors. Each 780t bullet fabricated at a local fabrication facility in Sohar, measured 72m long, 11m high and 8m wide, was loaded-out by 44 axle lines of self-propelled modular trailers (SPMT) onto a barge provided by Mammoet in Sohar, bound for the Port of Duqm.

Precision positioning of the RoRo ramps, an accurate ballasting plan, expert mooring and sea fastening ensured successful load-outs. On arrival at the Port of Duqm, the bullets were safely loaded-in, staged in the port’s laydown area and transported 25km to the project site.

Once at the refinery, the bullets were successfully positioned onto their foundations by 1,600t and 1,250t capacity crawler cranes working in tandem. By managing the complete logistics chain from the fabrication yard to the Duqm refinery, Mammoet was able to ensure timely and safe delivery of the bullets.

The Agility contract was an essential component of the Tecnicas Reunidas’ Process Unit scope of the project. This included handling a 1,130t reactor measuring 33m long, 8.7m wide and 7.3m high, which was the heaviest cargo ever loaded-in at the Port of Duqm.

All the reactors Agility handled have been received successfully and safely delivered to the project site using 54 axle lines of SPMT. Additionally, as part of the scope of work, ten hydraulic cranes and three crawler cranes have been engaged at Duqm refinery to support other subcontractors on site.

This is one of the first projects performed since the acquisition of ALE by Mammoet, and has seen colleagues from both former companies combining their expertise to deliver the best possible service.

“We are delighted to have successfully completed our scope for the Duqm refinery. The close collaboration of the entire project team, including our clients, the Port of Duqm and the local authorities, enabled us to successfully deliver all key equipment safely and within the deadlines set.” commented Vishal Buddhadev, General Manager of Mammoet’s Oman branch.

Source: Mammoet News

Subsea7- Petropipe

Subsea 7 awarded contract offshore Norway

Subsea 7 announced the award of a sizeable(1) contract by Aker BP for the Hod Field Development Project, located 12 km from the Valhall area in the southern part of the North Sea.

The re-development concept includes a new Wellhead platform (Hod B) tied back to Valhall Field Centre with rigid pipelines and an umbilical.

The contract scope includes EPCI for pipelines, umbilicals and tie-ins using key vessels from Subsea 7’s modern fleet. The production pipeline is a pipe-in-pipe design and will include the world’s first application of mechanically lined pipe based on GluBi® (2) technology from BUTTING. 

Project management and engineering will commence immediately at Subsea 7’s offices in Stavanger, Norway. Fabrication of the pipelines will take place at Subsea 7’s spool base at Vigra, Norway and offshore operations will take place in 2020 and 2021.

Monica Bjørkmann, Vice President for Subsea 7 Norway said: “Subsea 7 is very pleased with this award by Aker BP, through the Aker BP Subsea Alliance. It acknowledges Subsea 7 as a key partner in the delivery of pioneering technology, transforming the economics of field development. We look forward to continuing our alliance with Aker BP for the Hod Field Development, with safety, reliability and quality at the forefront throughout.” 

(1) Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.

Source: Subsea7

Nigeria project-Petropipe

Buhari flags off $2.8 billion gas pipeline project, biggest in Nigeria’s history

The project will boost domestic gas consumption, power generation, and industrialization.

President Muhammadu Buhari will be making history as he flags off the construction of the $2.8 billion 614km Ajaokuta-Kaduna-Kano (AKK) natural gas pipeline, the single biggest gas pipeline project in Nigeria’s history, in Ajaokuta (Kogi State) and Rigachikun (Kaduna State).

The project, which is taking off after months of discussions in and out of the country, will boost domestic gas consumption, power generation, and industrialization.

The AKK pipeline project, which will carry gas between the southern and northern parts of the country, will eventually extend to North Africa.

The Nigerian National Petroleum Corporation (NNPC) initially announced tenders for this project in July 2013. A project proposal was submitted to the Infrastructure Concession Regulatory Commission (ICRC) in June 2017, and the Federal Executive Council subsequently granted approval in December 2017.

The 614 kilometers-long natural gas pipeline is Phase One of the Trans-Nigeria Gas Pipeline (TNGP) project, to be done on a build-and-transfer Public Private Partnership (PPP) basis. It will transport 3,500 million metric standard cubic feet per day of dehydrated gas from several gas gathering projects located in southern Nigeria.

The project will be in three phases:

  • The first phase is 200 kilometers long and is between Ajaokuta and Abuja, at a projected cost of $855 million.
  • The second phase is 193 kilometers long, between Abuja and Kaduna. It is estimated to cost $835 million.
  • The third phase is 221 kilometers-long, between Kaduna and Kano, at a projected cost of $1.2 billion.

It will eventually reach North Africa in subsequent phases.

The AKK gas pipeline project will create steady and guaranteed gas supply network between the Northern and Southern part of Nigeria, and enhance power generation capacity. The industrial sector will be strengthened, local usage of gas will be promoted and increased, and the country’s revenue generation boosted through export of natural gas.

Nigeria, currently ranked the 7th most endowed natural gas country in the world, sits on about 180 trillion cubic feet of natural gas deposits, which can be utilized as gas to power, gas to petrochemicals, liquefied natural gas (LNG), liquefied petroleum gas (LPG), and compressed natural gas (CNG), among others.

Over the years, Nigeria has exploited its oil resources more, to the detriment of gas, which incidentally fetches more revenue although more expensive to prospect.

One big advantage the average Nigerian can look forward to is the evolution of compressed natural gas (CNG), which is still at pilot stage in the country.

Source: Nairametrics

NWC| Petropipe

National Water Company (NWC) takes up SAR204 Million Water and Wastewater Projects

The National Water Company’s (NWC) General Directorate for Water Services in Qassim region announced that it started the implementation of a number of key projects that aim at increasing wastewater services coverage, developing radical solutions for overflows and reducing the environmental impact of wastewater pollution, in addition to improving operational circumstances and supporting the water systems in the region, at a cost of more than SAR204 million.

Eng Abdulmuhsin Muhammad Al-Furaihi, General Director of Water Services in Qassim, said that the directorate is implementing a project for wastewater networks and domestic connections to the east of Buraidah city, costing more than SAR57 million, and comprising the laying of more than 55,700 meters of pipelines, main and sub-networks. Additionally, 3,225 house connections will be installed, with a total of 24,832 new customers benefiting from the project.

Al-Furaihi added “we are also implementing a project for laying wastewater networks in different areas of the city (phase three), costing over SAR87.7 million, comprising the laying of more than 88,000 meters of pipelines, main and sub-networks, in addition to the execution of some 3,916 domestic connections serving more than 30,150 new customers.” The two wastewater projects will save the region 540 wastewater tanker-trips.

The General Director said that work is currently in progress to implement a project for building an operational strategic reservoir with all its attachments east Buraidah, with a cost of more than SAR59.5 million and capacity of 50,000 m3/day in phase one, to enhance operation and boost the water storage systems in the city.

Source: National Water Company

ADNOC | Petropipe

ADNOC announces $20.7 billion pipeline investment deal

The Abu Dhabi National Oil Company (ADNOC)  has entered into an agreement with a consortium of investors which will invest in select ADNOC gas pipeline assets valued at $20.7 billion.

The consortium comprises Global Infrastructure Partners (GIP), Brookfield Asset Management, Singapore’s sovereign wealth fund GIC, Ontario Teachers’ Pension Plan Board (Ontario Teachers’), NH Investment & Securities and Snam (the Consortium).

The consortium will collectively acquire a 49% stake in ADNOC Gas Pipeline Assets LLC (ADNOC Gas Pipelines), a newly formed subsidiary of ADNOC with lease rights to 38 pipelines covering a total of 982.3 kilometers, with ADNOC holding the 51% majority stake. The transaction structure allows ADNOC to tap new pools of global institutional investment capital, while maintaining full operating control over the assets.

Under the terms of the agreement, ADNOC will lease its ownership interest in the assets to ADNOC Gas Pipelines for 20 years in return for a volume-based tariff subject to a floor and a cap.The company says that the transaction will result in upfront proceeds of over $10 billion to ADNOC and is subject to customary closing conditions and regulatory approvals.

The gas pipeline network connects ADNOC’s upstream assets to local UAE off-takers. Ownership of the pipelines, management of pipeline operations, and all responsibility for associated operational and capital expenditures will remain with ADNOC.

Commenting on the transaction, His Excellency Dr. Sultan Al Jaber, UAE Minister of State and ADNOC Group CEO, said: “We are pleased to once again partner with some of the world’s leading global infrastructure and institutional investors in what marks the region’s largest energy infrastructure investment. This milestone transaction demonstrates the trust and confidence placed in ADNOC by the global investment community and unlocks significant value from our pipeline portfolio, following last year’s groundbreaking oil pipeline infrastructure investment partnership. Today’s landmark investment signals continued strong interest in ADNOC’s low-risk income-generating assets, and sets another benchmark for large-scale energy infrastructure investments in the UAE and the wider region. It solidifies ADNOC’s position as an attractive partner and reinforces the UAE’s track record as the region’s go-to foreign direct investment destination, even during the current unprecedented circumstances.”

Adebayo Ogunlesi, Chairman and Managing Partner of GIP commented: “We are delighted to be entering into this strategic partnership with ADNOC, one of the world’s leading energy companies. ADNOC’s gas network is a core piece of midstream infrastructure in the UAE and this transaction presents a unique opportunity to invest in an asset of this quality and importance, while also supporting ADNOC in their smart growth strategy. This transaction underscores GIP’s strategy of investing in high-quality infrastructure assets and developing long term strategic partnerships with industry leaders.”

“We are pleased to invest in this strategic pipeline system, which serves as the critical link between UAE low-cost natural gas supply and robust in-country demand,” said Bruce Flatt, CEO, Brookfield Asset Management. “This transaction aligns with our strategy of investing in high quality, essential assets generating stable and predictable cash flows in a sector we know well. ADNOC has established itself as one of the world’s leading natural gas producers, with an exemplary operational record. We look forward to partnering with them in support of this critical asset and sector.”

“This strategic transaction is attractive to Ontario Teachers’ as it provides us with a stake in a high-quality infrastructure asset with stable long-term cash flows, which will help us deliver on our pension promise,” said Ziad Hindo, Chief Investment Officer, Ontario Teachers’. “This new partnership with ADNOC and a group of world-class institutional and infrastructure investors expands our global presence and provides further geographic diversification to our portfolio.”

Investing into ADNOC’s gas infrastructure and supporting Abu Dhabi’s energy initiatives reinforces our investment diversification strategy and demonstrates Korea’s growing presence in the global infrastructure space. I am confident this milestone transaction can become a stepping-stone to broaden Korean investments in the region,” remarked Young-Chae Jeong, Chairman & CEO of NH Investment & Securities.

Snam CEO, Marco Alverà, said: “With this strategic transaction, we strengthen our international footprint by entering a country and a region that are key to our sector. Our aim is to promote further cooperation opportunities, particularly in the energy transition.  We will work with ADNOC and the Consortium partners by leveraging our industrial skills, know-how and innovative solutions in natural gas infrastructure management and provide our contribution to the UAE’s energy system. This transaction was carried out remotely over the past months, testifying the resilience of our company and its willingness to continue its growth path.”

This agreement is the largest transaction since ADNOC announced the expansion of its partnership and investment model in 2017. Since then, ADNOC has entered the debt capital markets for the first time, issuing a $3 billion bond backed by the Abu Dhabi Crude Oil Pipeline; partially floated ADNOC Distribution, the first-ever IPO of an ADNOC Group company; and entered into several strategic partnerships in its drilling, refining, fertilizer and trading businesses, amongst others. 

Source: Oil &Gas Middle East

Eqinor| petropipe

TechnipFMC awarded assignments worth up to NOK 1.8 billion

On behalf of the license partners, Equinor has awarded two contracts and issued a letter of intent to TechnipFMC for pipelaying and subsea installation for three projects on the Norwegian continental shelf (NCS).

The projects in scope are Breidablikk and the Gas Import System for the Snorre Expansion Project, for which contracts have been awarded, and Askeladd Vest, for which a letter of intent has been issued. The Breidablikk contract has subsea installation as an option.

The total value of the three assignments, including the option, is about NOK 1.8 billion.

“We are pleased to award TechnipFMC new large assignments within pipelaying and subsea installation on the NCS. Giving three assignments to the same supplier enables efficiency gains and cost savings. It will also allow for a coordinated follow-up of the total delivery during the implementation phase. This creates value for all parties”, says Peggy Krantz-Underland, Equinor’s chief procurement officer.

The scope of the assignments includes fabrication and laying of pipelines, installation of subsea structures, control cables and hook-up and testing of systems. The offshore operations under the contracts are planned to be carried out during 2021-2023.

The awards contribute to sustaining important workplaces for TechnipFMC in Norway, including the Orkanger spoolbase, where the pipelines will be fabricated before they are reeled onto the installation vessel. The awards are also expected to generate additional work through further sub-contracting to other companies.

“In a challenging period for the industry we aim to continue realizing the full potential of our NCS project portfolio. This must be carried out in close cooperation with our suppliers to ensure that we create value and activity in Norway. It will help sustain jobs in the supply industry and further develop the important competence the industry has built up,” says Krantz-Underland.

The contract award for Breidablikk is subject to a final investment decision and final regulatory approval. The letter of intent for Askeladd Vest is subject to a final investment decision.

Source: Equinor

Mc dermott| Petropipe

McDermott Awarded Pre-FEED for NET Power UK Project

McDermott International, Inc. announced it has been awarded a *sizeable Pre Front End Engineering Design (preFEED) contract from 8 Rivers Capital for their NET Power UK project with the UK Department for Business, Energy and Industrial Strategy. The project will generate a UK-specific NET Power design, which 8 Rivers is seeking to then deploy at multiple locations, including at a Teesside site in the United Kingdom located 10 miles (17km) East of Middlesbrough.

NET Power is a collaboration between McDermott, 8 Rivers Capital, Exelon Generation and Oxy Low Carbon Ventures. Its goal is to design a new way to generate power from hydrocarbons without releasing CO2 into the atmosphere, paving the path to decarbonized economic growth.

McDermott and 8 Rivers have a longstanding relationship and have worked together on a number of prospective projects, including a NET Power test plant facility in 2016. Their mutual and aligned sustainability focus has led to a successful track record of project delivery.

“We are pleased to once again be collaborating with 8 Rivers to support the Energy Transition by reducing greenhouse gas emissions and contributing to net zero ambitions in line with the Paris agreement,” said Tareq Kawash, Senior Vice President Europe, Africa, Russia and Caspian. “With a focus on more sustainable industrial processes, like carbon capture and storage, we are harnessing our extensive engineering expertise to create tangible solutions for our stakeholders—including our customers, employees and communities.”

The engineering and design work will be executed from McDermott’s offices in London, UK and supported by the Charlotte, North Carolina office.

Work on the contract will begin immediately and the contract award will be reflected in McDermott’s second quarter 2020 backlog.

* – McDermott defines a sizeable contract as between USD $1 million and $50 million.

Source: McDermott