Petrofac- Petropipe

Petrofac secures Iraq contract extension with Basra Oil Company

Petrofac’s Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP).

The confirmation of the contract extension is recognition of Petrofac’s successful seven-and-a-half-year track record of safe and efficient delivery and ability to sustain and improve export levels as incumbent operations and maintenance service provider.

The facility, which is one of the largest export terminals in the Gulf and handles around 50% of Iraq’s crude oil exports, is located 60 km offshore the Al Fao Peninsula in Southern Iraq. It comprises a central metering and manifold platform and four Single Point Moorings which facilitate oil export onto awaiting crude carrier tankers. In addition, Petrofac is responsible for almost 300 km of subsea pipelines, 1800 metres of subsea and floating hose infrastructure and a marine spread comprising 14 vessels.

Source: Petrofac

Petropipe

Sterling and Wilson Solar bags $525 million EPC contract

Sterling and Wilson Solar Limited (SWSL) announced that it has signed (along with its branch and Australian subsidiary) an EPC contract of approx. AUD 525 million (~ INR 2,600 crore) as well as the Operation and Maintenance (O&M) contract of approx. AUD 85 million (~ INR 415 crore), which is its largest order in Australia. The duration of the O&M contract is for a maximum period of 20 years.

With this award, SWSL has clearly established its presence in Australia, within a short period of 15 Months of setting up the operations. With this order, the Company’s cumulative order book in Australia adds up to approx. AUD 1 billion (~ INR 4,900 crore), making it amongst the largest Solar EPCs in this very promising market.

In spite of the ongoing pandemic, SWSL has also signed two projects in India with leading global IPPs adding up to a value of INR 620 crores.

A substantial portion of the Company’s international revenues for the current financial year will come from Australia, South America and the USA where the construction of solar projects has now commenced to full capacity. Renewable projects in India, which also add up considerably to the Company’s revenues, have been allowed to restart now. SWSL is in the process of handing over projects which are being completed post lockdown and starting other projects. The worst impact of COVID-19 seems to have passed and the Company is looking forward to increased activity in order booking and revenues.

Mr. Bikesh Ogra – Director and Global CEO, Sterling and Wilson Solar Limited said, “This is our largest order in Australia and is a culmination of efforts to break new ground in countries like Australia, the United States and South America, where SWSL has invested in a strong team that is completely aligned with the local requirements. Renewable sector plays a vital role in the world’s journey towards clean energy and as a home-grown company we are continuously working together with several stakeholders in supporting this vision. India continues to be a steady and focused market for SWSL. Along with our exponential growth in the international market over the past decade, we continue to remain a dominant player in the domestic market as well.”

Source: Sterling and Wilson Press Release

Saipem Project- Petropipe

Saipem, in a joint venture with Daewoo E&C and Chiyoda Corporation, awarded $4B EPC contracts by Nigeria LNG Limited

Saipem, in joint venture with Daewoo E&C Co. Ltd and Chiyoda Corporation (SCD JV), has been awarded by Nigeria LNG Limited the contracts for the Engineering, Procurement & Construction of the Nigeria LNG Train 7 Project to be executed at Bonny Island LNG complex in Nigeria. The overall value of the contracts is above 4 billion USD and Saipem’s share amounts to around 2.7 billion USD. This award follows the signature of the Letter of Intent communicated by press release on 12th September 2019

Nigeria LNG Limited (NLNG) is a limited liability Company whose main shareholders are the Federal Government of Nigeria represented by the Nigerian National Petroleum Corporation (NNPC), Shell Gas B.V., Total Gaz Electricité France and Eni International (N.A.) N.V.S.a.r.l.

The NLNG Train 7 Project consists of the construction of one complete LNG train and one additional liquefaction unit with a total capacity of approximately eight (8) MTPA, plus other extensive associated utilities and infrastructures.

Saipem is leader in SCD JV with a 60% share.

Stefano Cao, Saipem’s CEO, commented: “This new project in Nigeria – where we have been operating for over 50 years – confirms our ability to build solid relationships, qualifying Saipem as a global company. It also proves the validity of the management methods of Covid-19 emergency thanks to the flexibility of our organizational model and the practise of our people to work remotely. The investment decision by Nigeria LNG Limited, which includes several important energy companies, demonstrates that natural gas, in whose value chain Saipem has a recognized leadership, will be pivotal to the energy transition. The award of this contract contributes to increase the portion of non-oil-related backlog and confirms the overcoming of the link between Saipem’s share value and oil price”.

Source: Saipem Press Relaese

Petropipe

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

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

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

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

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

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

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

Important Information for Investors and Securityholders

Forward-Looking Statement

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

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

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

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

Marie technimont - Petropipe

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

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

Ali Rıza Yıldırım, Chairman of the Gemlik Gübre, commented: “The signing of this agreement is the first step of great cooperation. We entrust Tecnimont and believe that we will achieve great success together worldwide”.
 
Pierroberto Folgiero, Maire Tecnimont Group CEO, commented: “We are extremely proud of this new achievement that confirms the Group leadership in the fertilizer sector and allows us to expand our geographical footprint in a strategic market such as Turkey”.


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

Source: www.mairetecnimont.com.

Mozambique News Petropipe

TechnipFMC and JGC picked ALP to provide five vessels for Eni’s U$ 4.7 Billion Mozambique CORAL SOUTH FLNG project

Netherlands based specialist in offshore and marine transportation field ‘ALP Maritime Services’ has been selected by ‘TJJV’, to provide a spread of five vessels related to the FLNG Project.

ALP’s scope of work includes the towage operation from South Korea to Offshore Mozambique, by three of ALP’s 300ts Bollard Pull ALP FUTURE class vessels.

On arrival at the offshore site, the three ALP FUTURE class vessels with 24,400 BHP will be joined by two additional vessels from the company’s 19,000 BHP fleet.

Together, the vessels will keep the giant 432m long and 66 m wide CORAL SUL FLNG accurately in position, while a mooring vessel connects the pre-laid mooring chains to the FLNG.

On completion of the mooring operation, two of the five ALP-vessels will continue to support further operations on site.

FLNG was launched last month and will be the first floating production plant to be installed in Mozambique and on the African East Coast.

The FLNG is part of the Coral South project that will put in production 450 billion cubic meters of gas of the Coral reservoir, offshore Mozambique. The launch marks the timely progress of the project, which exceeds 60% completion and is in line with production start-up by 2022.

The hull is 432 meters long, 66 meters wide and weighs approximately 140,000 tons. Its eight-storey accommodation module, which will house up to 350 people, is also ready to be lifted and integrated with the hull system. Fabrication activities are also well underway for the 12 gas treatment and LNG modules, with all main equipment ready for integration and first deck stacking executed.

With a gas liquefaction capacity of 3.4 million tons per year (MTPA), the Coral Sul FLNG will be the first FLNG ever deployed in deep waters, at water depth of approximately 2,000 meters, and the first purpose-build FLNG in Africa. Drilling and completion activities for the six subsea wells that will feed the liquefaction unit are ongoing offshore Mozambique.

DSC_9362

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

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

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

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

Source: https://www.financialbuzz.com

samsung tecnicas

Técnicas Reunidas and Samsung close $3.7bn Algerian refinery deal

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

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

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

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

Source: www.globalconstructionreview.com 

MUKESHAMBANI-min

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

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

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

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

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

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

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

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

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

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

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

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

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

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

4q

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

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

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

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

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

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

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

5q

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Source: https://sapuraenergy.com/

107

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

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

The awards and contract extensions consist of the following:

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

Source: www.petrofac.com

117

China Petroleum Pipeline Engineering picks Galfar for Ras Markaz $16.4m contract

Omani construction contractor Galfar Engineering & Contracting said it had been awarded a civil and concrete works contract for Phase 1 of Ras Markaz Crude Oil Park by China Petroleum Pipeline Engineering Company. 

The contractor told Muscat Securities Market, where it is listed, that the contract was valued at $16.4m (OMR6.3m) and would be completed in 12 months. 

Undersigned by chief executive officer, Dr Hans Erlings, Galfar’s statement said the company expected “reasonable income” from the contract. 

Source: www.galfar.com

120

Saipem wins $145m contracts from BP for Azerbaijan field

Saipem, along with its consortium partners Boshelf and STAR GULF FZCO, has won three new contracts valued at $145m from BP towards the development of the Azeri-Chirag-Gunashli (ACG) oil and gas (ACG) field.

The field is located in the Caspian Sea and is approximately 120km off the coast of Azerbaijan. It stretches across an area of more than 4,000km2. Saipem has been a key contractor in ACG field since the 1990s.

ACG is a complex comprising six production platforms namely Chirag 1, Central Azeri, West Azeri, East Azeri, Deepwater Gunashli, West Chirag. It also consists of two process, gas compression, water injection and utilities (PCWU) platforms, equipped with advanced technologies.

Among the three contracts, BP has awarded two contracts for pipeline design, pipelay and associated activities. The other one is for transportation and installation of four jacket pin piles, subsea structure as well as spools.

Saipem said in a statement: “Saipem has obtained one of these contracts as a result of the FEED phase awarded by BP to Saipem’s XSIGHT Division, in consortium with local partners Bos Shelf and Star Gulf, which were engaged from an early stage and on a fast track basis.”

“This excellent result has been achieved thanks above all to collaboration between Saipem’s XSIGHT and Offshore E&C Divisions, a synergy that will be maintained to ensure continuity and efficiency to the execution of the EPCI project.”

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