Eni FLNG Win for Samsung Heavy Industries
South Korea's Samsung Heavy Industries has won a 2.8 trillion Korean Won contract to build the FLNG for Eni's Coral development in Mozambique. It will be the first FLNG in Africa.
The FLNG will have a length of 439 meters (1,440 feet), width of 65 meters (213 feet), depth of 38.5 meters (126 feet) and will weigh 210,000 tons. It is designed to produce three million tons of LNG and 480,000 tons of gas condensates (ultra-light oil) annually.
Samsung won the order as part of a consortium with France's Technip and Japan's JGC. The yard's involvement includes engineering, procurement and construction of the hull and production engineering and construction of topsides amounting to $2.5 billion.
This latest order for the yard further extends its order record for 2017 which include eight tankers, two LNG carriers, an FSRU, a FLNG and a FPU worth $4.8 billion in total.
The Coral South LNG project, for its size, quality of resources and geographical position, will transform Mozambique’s economy, says Eni. It is the first project in the development of the considerable gas resources discovered by Eni in Area 4 of the Rovuma Basin.
The Coral field, discovered in May 2012, is located within Area 4 and contains approximately 450 billion cubic meters (16 TCF) of gas in place. In October 2016, Eni and its Area 4 partners signed an agreement with BP for the sale of the entire volumes of LNG produced by the Coral South project for a period of over 20 years.
Eni is the operator of Area 4, through its participation in Eni East Africa (EEA), which holds a 70 percent participating interest in the concession while Portugal’s Galp Energia, South Korea’s Kogas and Mozambique’s Empresa Nacional de Hidrocarbonetos (ENH), each hold 10 percent stake.
BP has picked Amec Foster Wheeler (AFW) for a revamp job on its Castellon refinery in Spain.
AFW, which is set to merge with Wood Group, said it would provide engineering and management services for the upgrade of the plant’s vacuum distillation unit.
Marco Moresco, president of AFW’s downstream capital projects for Europe, Middle East and Africa, said: “This latest contract win builds upon our long-standing relationship with BP Oil in Spain, with the execution of more than 30 successful projects over 25 years at the Castellón refinery.”
Amec Foster Wheeler Wins Contract For Major Saudi Aramco Oilfield Development
Amec Foster Wheeler announces today that it has been awarded a contract by Saudi Aramco, for facilities required as part of the integrated oil and gas expansion of the Marjan offshore and onshore oilfield in the Eastern province of Saudi Arabia.
Under the five-year contract, Amec Foster Wheeler will deliver the pre-FEED, FEED, overall programme management, and other support services for an additional 300,000 barrels per day gas/oil separation train, a world scale greenfield gas processing plant, a cogeneration facility and modifications to an existing facility to add natural gas liquids fractionation capacity.
This award supports the continued development of Amec Foster Wheeler's capability and capacity to deliver in Saudi Arabia.
Nick Shorten, President of Upstream Capital Projects at Amec Foster Wheeler, said:
"We have played a key role in many of Saudi Aramco's major upstream and downstream investments. With our successful track record with Saudi Aramco stretching back more than 50 years, this latest award for this major oilfield expansion programme is a real vote of confidence in our technical expertise and our ability to deliver large and complex projects, plus our long-term commitment to local development."
Amec Foster Wheeler wins Priolo refinery FCC revamp contract
Amec Foster Wheeler has been awarded an engineering contract by ISAB Srl, a Lukoil Group Company, as part of a major turnaround at their refinery in Priolo, Sicily, Italy.
ISAB has selected Amec Foster Wheeler to execute the engineering for the revamp of its facilities in 2018. The scope of work includes home office and site engineering, estimating services and technical assistance during the construction phase.
"ISAB is a long-term customer of Amec Foster Wheeler, with our relationship dating back to the 1970s. We will once again apply our unrivalled Fluid Catalytic Cracking expertise to enable the successful implementation of this major turnaround." Marco Moresco, President, Downstream Capital Projects, EMEA, Amec Foster Wheeler
This award builds on Amec Foster Wheeler’s track record as one of the world’s most experienced contractors in the engineering and construction of residue catalytic cracking/fluid catalytic cracking (RCC/FCC) units, with experience stretching back more than 50 years. In the last 30 years, the company has undertaken over 250 RCC and FCC projects: designed and constructed over 40 new units, and undertaken more than 200 revamps, expansions, upgrades and turnarounds for over 50 refineries in 30 countries across the world.
Gazprom Neft signs strategic partnership agreement with Siemens
Gazprom Neft and Siemens AG have signed a Strategic Partnership Agreement at this year’s St Petersburg International Economic Forum, with the document being signed by Gazprom Neft CEO and Chairman of the Management Board Alexander Dyukov and Siemens AG President Joe Kaeser.The parties intend to cooperate in energy, production, transportation, refining , and developing the Russian continental shelf. They will also consider opportunities for utilising high-tech solutions and components manufactured by Siemens AG at Gazprom Neft’s facilities. This will include drilling and generation equipment (including gas turbine, steam turbine, and gas piston power plants), as well as refining facilities. The document also covers complex solutions in hydrocarbon production and transportation, including field infrastructure development, offshore platforms (rigs), and the development of dispatch systems and monitoring and diagnostic controls. Under the terms of the signed agreement both companies will consider the possibility of Siemens AG’s production facilities being localised in Russia.
Gazprom Neft CEO Alexander Dyukov commented: “Concluding this Agreement with a global market leader in power engineering and automation marks a further step forward in Gazprom Neft’s technological development. Combining the scientific and practical competencies of both Gazprom Neft and Siemens will increase the efficiency and competitiveness of our two companies and create new opportunities for developing those production technologies currently in demand in Russia”. Siemens AG President Joe Kaeser added: “The agreement signed today consolidates both companies’ intention to develop cooperation in a crucial sector for the Russian economy, the oil and gas industry. We are confident that the use of the latest Siemens technologies at Gazprom Neft’s facilities will increase the efficiency of individual projects, as well as contributing to the modernisation of the industry as a whole.”
DEPA, Gazprom, Edison agree on Russian supply to Europe
The head officials of Gazprom, Edison and DEPA, Greece’s public gas corporation, today signeda cooperation agreement envisaging joint efforts aimed at establishing a southern route for Russian gas supplies from Russia to Europe, the three companies announced in a statement.
The document was signed by Alexey Miller, Chairman of the Management Committee of Gazprom, Marc Benayoun, CEO of Edisonand Executive Vice President of EDF forGas and Italy,and Theodoros Kitsakos, CEO of DEPAand Chairman of IGI Poseidon, at the St. Petersburg International Economic Forum 2017 in the presence ofCarlo Calenda, Minister of Economic Development of Italy.
George Tsipras, Secretary General for International Economic Relations at Greece’s Ministry for Foreign Affairs also attended the signing ceremony.
The document envisages joint efforts aimed at establishing a southern route for Russian gas supplies from Russia to Europe, which will run across Turkey and Greece to Italy. The three companies will coordinatethe development andimplementation of the TurkStream projectandof thePoseidon projectfrom the Turkish/Greek border to Italy, in full compliance withrelevantapplicablelegislative framework.In addition, the agreement formalizes the arrangements on expanding cooperation in the field of Russian gas deliveries.
In February, 2016, Gazprom, Edison, and DEPA had signed the Memorandum of Understanding on natural gas deliveries from Russia across the Black Sea and third countries to Greece and from Greece to Italy in order to set up a southern route for Russian gas supplies to Europe.
DEPA, possessing a long presence in Greece’s gas market, constitutes a modern and competitive group of companies with a dynamic presence in the energy sector. It promotes strategic infrastructure in order to supply natural gas at competitive prices from diversified sources and routes with a view to assuming a leading role in the markets of the broader southeast European region.
Edison is a leading Italian and European player in the procurement, production and sale of electricity, provision of energy and environmental services and the E&P sector.
Founded over 130 years ago, Edison has contributed to the country’s electrification and development. Today it operates in Italy, across Europe and in the Mediterranean basin, employing 5,000 people. In the power generation sector, Edison has plants with total capacity of 6.5 GW.
The Poseidon pipeline is an import gas project designed and authorized to connect the Greek and Italian gas systems. The project will be further extended for allowing direct transportation into Italy of gas sources available at the Turkish/Greek borders, substantially contributing to the European energy targets on security of supply.
Austria's OMV to Cooperate in Development of Iran's Energy Projects
Austrian OMV has signed a cooperation document to help Iran in the development of its upstream oil and gas projects, media reports said.
OMV will work together with Russia's Gazprom Neft under a memorandum of understanding (MoU) to help Iran develop some of its upstream energy projects, Norwegian Upstream news outlet quoted a statement by OMV as saying.
The Austrian OMV and Russia’s Gazprom Neft have inked an MoU to develop upstream oil and gas projects of the Islamic Republic of Iran.
"Preliminary possible spheres of cooperation include analysis, assessment and study of certain oil deposits located in the territory of the Islamic Republic of Iran in cooperation with the National Iranian Oil Company (NIOC)," OMV said.
OMV could help Gazprom Neft in the initial geological assessment of two blocks in Iran, Vadim Yakovlev, first deputy general director at Gazprom Neft said in a statement.
He noted that the Middle East is one of the priority regions in the long-term development strategy of Gazprom Neft.
OMV Executive Board Member for Upstream Johann Pleininger said in the meantime that cooperation with Russia in the Middle East is consistent with the companies’ upstream strategy.
OMV started operations in Iran in 2001 as the operator of the Mehr exploration block in the west of the country. It halted operations in 2006 due to sanctions imposed on Iran.
Following sanctions relief granted last year as a result of a nuclear deal Iran reached with world powers, OMV signed a memorandum with the NIOC for projects located in the Zagros area in western Iran and the Fars field in the south, where foreign companies often need a local partner to operate.
In January, OMV, which has singled out Russia, the United Arab Emirates and Iran as growth areas, signed an agreement with Tehran-based Dana Energy on the development of oil and gas fields.
In relevant remarks earlier this week, Iranian Oil Minister Bijan Zangeneh announced that his ministry has signed a contract with Russia's energy giant Gazprom on the development of Farzad B gas field.
"In addition to Farzad B gas field, Iran has signed two other basic agreements with Gazprom on development of North Pars and Kish gas fields," Zangeneh said.
The deal with Gazprom comes as over recent months Indian companies have been in talks with Tehran since 2009 for developing the Farzad B gas field, estimated to hold 21.68 trillion cubic feet (tcf) of gas in place, of which 12.8 tcf is recoverable.
Meanwhile, Indian media said Iran’s awarding Farzad B to Gazprom was in retaliation for New Delhi’s recent move to cut purchases of Iranian crude oil.
The volume cuts would put India's imports of Iranian crude for this fiscal year at 3,70,000 barrels per day (bpd), India’s media reported.
With 137.6 billion barrels of proven reserves, Iran has the world’s fourth largest crude deposits. In terms of gas reserves, according to the 64th edition of the BP Statistical Review of World Energy released in June 2015, Iran is the world’s top gas reserves holder with 33.8 trillion cubic meters.