INEOS awards Técnicas Reunidas the execution of a world scale ethylene plant in Europe

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INEOS, the world’s leading private chemical company, has awarded Técnicas Reunidas a contract for the project management, engineering, procurement and construction management and supervision services for a world scale ethylene plant in Europe. 

The facility, to be built in the Belgian port of Antwerp, will have a production capacity of 1.5 million tons per year. Start-up of the facility is expected in 2026. 

Ethylene is a raw material needed for products that are used in wind power plants, solar panels, medical equipment (blood bags, sterile containers, magnetic resonance scanners, etc.), long-life construction materials, textile products and lightweight components for vehicles, among other applications. 

INEOS will invest 3,000 – 4,000 million euros in this project. It will be the largest capital investment made by the European chemical sector in the last 20 years. 

The advanced technology applied in its development will make it the most energy-efficient and environmentally sustainable facility of its kind in Europe. 

For the development of the project, the company will mobilize a highly qualified team that will reach a peak of 450 professionals in Madrid, composed of process engineers and chemical engineers, among other specialties. 

In addition, Técnicas Reunidas will mobilize a peak of 225 professionals for construction supervision to the Antwerp site and also to the center where the construction of the large-scale modules, designed by Técnicas Reunidas, will be carried out. 

Técnicas Reunidas will promote, as it does in all its projects, the involvement of Spanish companies in their execution, confirming the dragging effect it exerts on the country’s industrial fabric. 

This project is a milestone in the European chemical sector due to its size, its advanced technology and its contribution to the energy transition, Técnicas Reunidas appointment confirms the company as a center of excellence in engineering in the world. 

Source: Técnicas Reunidas

TechnipFMC Awarded Significant Integrated EPCI Contract by Wintershall Dea

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TechnipFMC has been awarded a significant(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Wintershall Dea Norge AS for its Maria revitalization project.

The project will boost production at the existing Maria field in the Norwegian Continental Shelf. The contract includes subsea trees, spools, jumpers, and flexible pipes.

The revitalization project will tie in an additional lightweight six-slot integrated template structures (ITS). The two existing templates in the Maria field are part of TechnipFMC’s installed base and began production in 2017.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “This iEPCI™ award is built on our ability to leverage our integrated front end engineering and design (iFEED™) model. Through early engagement, we optimized the field layout and maximized the benefits of integrated project execution. Our involvement helped reduce the carbon footprint of the revitalization project by modifying existing infrastructure, eliminating the need for an additional 4,000 meters of pipe.”

(1) For TechnipFMC, a “significant” contract is between $75 million and $250 million.

Source: TechnipFMC

McDermott Awarded Mega EPCI Projects by QatarEnergy

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McDermott International continues its winning streak in the Middle East with a mega offshore contract from QatarEnergy, a long standing key customer, to deliver engineering, procurement, construction and installation (EPCI) for the North Field East (NFE) Topsides and the North Field East (NFE) Offshore Pipelines and Subsea Cables projects, with an option included to also award the North Field South (NFS) Offshore Topsides—representing one of the largest single contracts McDermott has been awarded in its company history.

McDermott has decades of experience delivering world-class EPCI projects in Qatar, a historically strategic market. The project will be managed and engineered from the McDermott Doha office with significant fabrication taking place at QFAB, the McDermott-Nakilat joint venture fabrication yard in Qatar, building end-to-end execution capability in Qatar and significantly enhancing the localization Program.

“We are very pleased to be awarded this strategic project by QatarEnergy—it’s a perfect example of McDermott’s Offshore shallow water strategy using our FEED (front-end design) expertise to develop an optimized design one, build many concept for offshore structures followed through with strong in-house engineering, supply chain management and utilization of our proven fabrication facilities and marine pipelay assets, all using our industry leading GeminiXD digital project delivery tools,” said Samik Mukherjee, McDermott’s Executive Vice President and Chief Operating Officer. “As part of the NFE LNG complex, the offshore facilities are an essential contributor toward the energy transition goals of COP-26. In line with McDermott’s overarching sustainability commitments, we will continue to use our digital carbon footprint tool, ArborXD, to monitor and proactively manage GHG emissions during the project. The structures delivered from our yard in Batam will be the first to be fabricated there following our recent commitment to import a low-carbon or renewable power into the facility.”

“For McDermott, this contract shows that we are back stronger than ever and our key customers have confidence in our ability to deliver strategically significant energy infrastructure,” said Tareq Kawash, McDermott Senior Vice President, Europe, Middle East and Africa. “Our technology, fabrication-driven approach, along with our involvement in this specific offshore development, which began with the front-end engineering design—make us the ideal partner to provide QatarEnergy with the confidence and assurance required to execute a project of such complexity and magnitude.”

The NFE development will provide feed gas into the four new LNG Trains currently under construction and, together, with the NFS infrastructure, which will provide feed gas for the future additional two LNG trains, will enable an increase in total LNG production in Qatar from 77 million tons per annum (MTPA) to 126 MTPA.

The scope of the contract includes the fabrication and installation of eight wellhead topsides (WHT) for NFE and a further five WHT for NFS. The significant subsea pipeline scope includes over 300 miles (500 kilometers) of pipelines and, in addition, McDermott will install over 140 miles (225 kilometers) of 33kV subsea cables and associated works. For the first time, four of these WHT, plus all subsea infrastructure, will be fabricated in QFAB, improving the in-country execution platform to support future energy developments. The remaining fabrication will be done in collaboration with McDermott’s facility in Batam, Indonesia.

Source: McDermott

QatarEnergy awards EPCI contract for North Field Expansion Project to McDermott

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QatarEnergy awards EPCI contract for North Field Expansion Project offshore facilities and pipelines

QatarEnergy announced the awarding of a major Engineering, Procurement, Construction, and Installation (EPCI) Contract for the offshore scope of its North Field Expansion Project to McDermott Middle East Inc.

The expansion project will increase the State of Qatar’s liquefied natural gas (LNG) production capacity from 77 million tons per annum (MTPA) to 126 MTPA, through the North Field East (NFE) and North Field South (NFS) expansion projects, with first LNG expected in 2025.

The scope for the awarded contract includes 13 normally unmanned wellhead platforms topsides (eight for NFE and five for NFS), in addition to various connecting pipelines and the shore approaches for the NFE pipelines, beach valve stations and buildings. The jackets and the pipelines for the NFS Project will be subject to a separate tender which is expected to be awarded in the first half of 2022.

Commenting on the occasion, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President & CEO of QatarEnergy said: “The award of this major EPCI contract is a momentous milestone that demonstrates QatarEnergy’s commitment to delivering our LNG expansion projects on time and to ensure the significant additional global LNG demand is catered for in a timely manner. This contract also reinforces our excellent relationship with McDermott. We are confident that the effective collaboration between QatarEnergy, Qatargas and McDermott will result in the safe and successful delivery of the project according to plan.”

His Excellency Minister Al-Kaabi added: “I would like to take this opportunity to express my thanks and appreciation to Sheikh Khalid bin Khalifa Al Thani, the CEO of Qatargas, and to both the Qatargas and QatarEnergy teams for their significant efforts and contributions that resulted in the successful and timely execution of this contract.”

Qatargas, which has a proven history of delivering such major projects, has been entrusted with executing this mega project on behalf of QatarEnergy.

Source: QatarEnergy

McDermott Awarded Three Offshore EPCI Contracts by Saudi Aramco

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McDermott continues its decades-long partnership with Saudi Aramco with three new awards for engineering, procurement, construction and installation (EPCI) projects. In total, McDermott will provide EPCI of four drilling jackets and seven oil production deck modules (PDMs) in Saudi Arabia’s Zuluf, Ribyan, Abu Sa’fah and Safaniya fields located offshore in the Arabian Gulf.

“These awards are a direct result of our long track record of successfully delivering shallow water infrastructure for Saudi Aramco and our commitments to the growth of Saudi Arabia’s energy sector as well as In-Kingdom execution in line with Vision 2030,” said Tareq Kawash, McDermott’s Senior Vice President, Europe, Middle East and Africa.

In addition to the seven PDMs and four drilling jackets, the scope of work for the three contract release purchase orders (CRPOs) includes EPCI of more than 28 miles (45 kilometers) of pipelines, more than 62 miles (100 kilometers) of subsea cables and tie-in works to existing facilities. Fabrication is expected to begin in the first quarter of 2022, with offshore installation commencing fourth quarter of 2022 and overall completion expected second quarter of 2023.

Source: McDermott

McDermott awarded Whale subsea pipeline project in Gulf of Mexico

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McDermott’s Amazon vessel, following a sophisticated upgrade to its ultra-deepwater capabilities, is coming to the Gulf of Mexico to support a subsea contract for the Whale Development in Alaminos Canyon.

“This contract, which will take place in a water depth of more than 9,000 feet, is a massive opportunity to demonstrate how the Amazon, with its industry-leading pipelay capabilities, is redefining what is possible within ultra-deepwater construction,” said Samik Mukherjee, Executive Vice President and Chief Operating Officer. “We are also looking forward to bringing the Amazon into the Gulf of Mexico—especially as we use this opportunity to continue our long track record of successful project execution.”

Under the contract’s scope, McDermott will provide engineering, procurement, construction, installation and commissioning (EPCIC) for 30 miles (50 kilometers) of pipeline and approximately nine miles (15 kilometers) of umbilical to connect five drill centers to a new offshore platform. The project will commence immediately and is expected to be completed in 2024.

“The technology behind the upgraded Amazon significantly elevates its ability to efficiently deliver safe, quality-driven results,” said Mark Coscio, Senior Vice President for McDermott’s North, Central and South America region. “This vessel and its capabilities are a game changer for the industry.”

The Amazon’s upgraded specs enable highly automated operations, the production of hex joints from single or double joints using an onboard multi-joint facility and a pipe hold capacity of 10,000 metric tons. Its increased level of automation also enables a significant reduction in the crew numbers required to safely perform pipelay operations—boosting its operational resilience against the ongoing COVID-19 landscape.

Engineering, procurement and project management services will be led by McDermott’s team in Houston. McDermott’s North Ocean 102 will continue its successful track record in the Gulf of Mexico with the installation of the umbilical and the Amazon will transport and install the rigid ultra-deepwater pipelines.

Source: McDermott

Subsea Integration Alliance awarded EPCI contract offshore Brazil

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Subsea 7 announced today the award of a major(1) contract by Equinor to Subsea Integration Alliance(2) for the Bacalhau field development located 185 kilometres from the coast of the state of São Paulo, Brazil.

The project work scope covers the engineering, procurement, construction and installation (EPCI) of the subsea pipelines (SURF) and production systems (SPS). The development will include 140 kilometres of rigid risers and flowlines, 40 kilometres of umbilicals and 19 trees, as well as associated subsea equipment, in water depths of approximately 2050 metres.

The Subsea Integration Alliance team established during the initial front-end engineering design phase, awarded in January 2020, will now transition into the full EPCI phase. Project management and detailed engineering will take place in Rio de Janeiro, Brazil, with support from Subsea 7’s Global Project Centre in UK and France and various OneSubsea® offices. Offshore activities will take place from 2022 to 2023 using Subsea 7’s reel-lay, flex-lay and light construction vessels.

Bacalhau is Brazil’s first integrated SURF and SPS project. The award today is a significant endorsement of Subsea Integration Alliance’s strong position within the integrated market, Subsea 7’s long-established local presence in Brazil and the Group’s commitment to support Equinor’s strategy of long-term growth in the region.

Stuart Fitzgerald, CEO Subsea Integration Alliance said: “The award to Subsea Integration Alliance of the EPCI contract is a result of our strategy for early engagement and track record of major integrated projects. It underlines the strength and breadth of our global project management capabilities which underpin our delivery of large and complex integrated projects.”

Marcelo Xavier, Subsea 7 Vice-President Brazil, said: “This contract award extends our track record of delivering optimised solutions for deepwater developments in Brazil. We look forward to strengthening our relationship with Equinor during this and future developments.”

Source: www.subsea7.com

TechnipFMC Receives Integrated EPCI Letter of Award for Energean’s Karish North Development in Israel

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TechnipFMC (NYSE:FTI) (PARIS:FTI) has received a letter of award (LOA) by Energean Israel Limited for the development of the Karish North field, located offshore Israel.

TechnipFMC will design, manufacture, deliver and install subsea equipment including the subsea production system, rigid flowlines and umbilicals as a tieback to the ‘Energean Power’ FPSO as well as the second gas export riser.

Jonathan Landes, President Subsea at TechnipFMC, commented: “We are delighted to partner again with Energean.This LOA demonstrates the value of our in-depth field knowledge and previous experience with Energean through the Karish main development, awarded to TechnipFMC in 2018. Early client engagement, leveraging our iFEED™ capability, as well as our ability to offer a full suite of services and global experience, form part of our unique fully integrated EPCI (iEPCI™) offering. We look forward to further expanding our partnership with Energean through the development of Karish North.”

Source: www.technipfmc.com

TechnipFMC Awarded a Significant EPCI Contract for the Equinor Breidablikk Pipelay and Subsea Installation

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TechnipFMC has been awarded a significant Engineering, Procurement, Construction and Installation contract by Equinor for the Breidablikk Pipelay, including option for the Subsea Installation scope located in the area close to the Grane Field, North Sea.

The Breidablikk project is a tie-back to the existing Grane platform. TechnipFMC’s scope includes provision of flexible jumpers and rigid pipelines as well as pipeline installation work.

Jonathan Landes, President Subsea at TechnipFMC, commented: “We have collaborated closely with Equinor in order to optimize the solutions and methodology for the pipelay installation. We are honored to once again be selected by Equinor to create value with our products and services offering.”

The Breidablikk development is subject to final approval by the Norwegian authorities.

(1) For TechnipFMC, a “significant” contract ranges between $75 million and $250 million.

Note: this inbound order was included in the Company’s first half financial results

Source: TechnipFMC

Subsea7- Petropipe

Subsea 7 awarded renewables contract offshore Scotland

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Subsea 7 announced the award of a major(1) contract by SSE Renewables for the engineering, procurement, construction and installation (EPCI) of the foundations and inter-array cables for the Seagreen Offshore Wind Farm project, 27km offshore Scotland. The Seagreen development will be a 1,075MW offshore wind farm, comprising 114 wind turbines located off the east coast of Scotland.

Seaway 7, the Renewables business unit of Subsea 7, will manage the EPCI of the 114 wind turbine generator foundations and approximately 300km of associated inter-array cables. The agreement will immediately secure 30 jobs within Seaway 7’s Aberdeen office where the EPCI contract will be managed, with this number expected to reach around 50 jobs at the peak of activity.

John Hill, Seagreen Project Director, said: “Seaway 7 brings a wealth of offshore wind knowledge and expertise and we are pleased to welcome them and their Aberdeen team to Seagreen.”

Steph McNeill, Executive Vice President – Renewables at Seaway 7, said: “We are looking forward to continuing our successful collaborative relationship with SSE Renewables as we help construct Seagreen. We have been active in the UK Renewables sector for over a decade and are very pleased to continue to support the ongoing energy transition in the UK.  The Seagreen project will be managed from our Seaway 7 office in Aberdeen, bringing our offshore wind expertise to the largest offshore wind project in Scotland.”

(1) Subsea 7 defines a major contract as being over USD 750 million.

Source: Subsea7 Press Release

peropipe

Subsea 7 awarded EPCI contract by Independent Oil and Gas (IOG), UK

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Subsea 7 announced the award of a sizeable contract by Independent Oil and Gas (IOG) for the Blythe and Vulcan Satellites field development, located in the UK sector of the southern North Sea. 

The contract scope includes the project management, engineering, procurement, construction and installation of 35km of flow lines between the Southwark, Blythe and Elgood fields, together with subsea structures, an umbilical, and associated subsea tie-ins.

Project management and detailed engineering has commenced at Subsea 7’s office in Aberdeen, and offshore activities are scheduled to commence in 2020. 

Jonathan Tame, Vice President UK & Canada, said: “We are pleased to be awarded this contract, which strengthens our reputation as a global provider of value-driven SURF solutions. We look forward to collaborating with IOG to ensure the cost-effective, safe and timely execution of each phase of the development.”

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

Source: Subsea 7

Petropipe

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

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 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

1q

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

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

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

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

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

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McDermott’s Lummus Technology Awarded Petrochemicals Contract in China

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McDermott International, Inc. announced that it has been awarded a sizeable technology contract by Formosa Chemicals Industries Ningbo Limited for the technology license and basic engineering services for a grassroots alpha-methylstyrene (AMS) recovery unit in Ningbo, China. This 10,000 MTA unit will utilize AMS technology jointly licensed by Versalis and McDermott’s Lummus Technology to recover specialty chemicals for niche market sale.

“This award represents the first license of this AMS technology,” said Leon de Bruyn, Senior Vice President of McDermott’s Lummus Technology business. “The commercialization of this technology illustrates the effectiveness of our continuous innovation process. Lummus works to provide our customers market-leading solutions to enhance their competitiveness; the addition of the AMS recovery unit will enable Formosa to recover this specialty chemical with unmatched purity, ultimately enhancing the operating margins while lessening the environmental footprint.”

The award strengthens the ongoing collaboration, dating back to 1995, between the Formosa organization and Lummus Technology. This technology incorporates many decades of operating and design experience by Versalis with Lummus design expertise.

McDermott’s Lummus Technology is a leading licensor of proprietary petrochemicals, refining, gasification and gas processing technologies, and a supplier of proprietary catalysts and related engineering. With a heritage spanning more than 100 years, encompassing approximately 3,400 patents and patent applications, Lummus Technology provides one of the industry’s most diversified technology portfolios to the hydrocarbon processing sector. Versalis (the chemical company of Italian energy major Eni) and Lummus have a long-standing collaboration to develop and offer a variety of petrochemical process licenses.

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

Technip-FMC-Technologies-to-merge-into-TechnipFMC

TechnipFMC Secures Integrated EPCI (iEPCI) Contract by the Shell for the Perdido Phase 2 Development

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TechnipFMC has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by Shell for the Perdido Phase 2 development, located in the Gulf of Mexico.

The contract covers the delivery and installation of subsea equipment, including flexible flowlines, flexible jumpers, steel flying leads, electrical flying leads, and will utilize compact manifold technology, with the Subsea 2.0 In-Line Compact Manifold.
TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. With thier proprietary technologies and production systems, integrated expertise, and comprehensive solutions, they are transforming their clients’ project economics. This is extremely pleased for TechnipFMC to have been selected by Shell for the Perdido Phase 2 development which is incorporating their latest generation of subsea equipment. This award once again confirms their leadership position in complete subsea developments, through early engagement with iFEED™ (integrated FEED) studies and realizing the full scope through an integrated EPCI (iEPCI™).

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