Wave LNG Solutions, Shell sign deal for LNG marine fueling infrastructure
Qatar Petroleum’s (QP) Wave LNG Solutions and Shell Gas & Power Developments (Shell) have signed a framework agreement to develop LNG marine fueling - or bunkering - infrastructure at strategic shipping locations across the globe.
LNG bunkering provides the shipping industry with a new fuel that helps meet the industry’s environmental and economic objectives.
Increasing numbers of ship owners and operators are turning to LNG over traditional marine fuels in response to tighter sulfur and nitrogen oxide emissions regulations. In October 2016, the International Maritime Organization (IMO) announced the introduction of a global 0.5% sulfur cap from 2020.
Promising opportunity
Saad Sherida Al Kaabi, QP president and CEO, said: “We view LNG bunkering as a promising opportunity for LNG to further grow as a clean energy source. LNG demand for bunkering is expected to increase significantly over the coming years and we believe there is real potential for such demand to reach up to 50 million tonnes per annum by 2030.”
Ben van Beurden, Shell CEO, said: “As two of the world’s leading LNG suppliers, Shell and QP have the capability and experience to deliver LNG as a marine fuel to ship owners and operators who must meet tougher emissions regulations from 2020.”
TechnipFMC Awarded Integrated EPCI Contract For The Statoil Visund Nord IOR Project
TechnipFMC (NYSE and Euronext: FTI) has been awarded an extension to its ongoing Engineering, Procurement and Construction (EPC) contract from Statoil in the Norwegian North Sea.
The ongoing EPC project covers the provision of subsea equipment including template structure, manifold and two subsea trees including wellheads and modifications of control systems to the Visund Nord IOR* project, whereas the extension includes installation of the template structure and manifold as well as delivery and installation of flowline spool and umbilical. The project will be executed as an integrated Engineering, Procurement, Construction and Installation (iEPCI).
Hallvard Hasselknippe, President Subsea Projects of TechnipFMC, commented: “This is our second iEPCI contract with Statoil. Our first iEPCI contract for the Trestakk project is progressing well and we are very honored that Statoil has again selected us for the Visund Nord development."
Iran Will Soon Sign South Pars Gas Deal with Total
Iranian Oil Minister Bijan Namdar Zangeneh said a long-delayed gas deal between Tehran and French oil major Total is expected to be signed soon.
“Iran and Total are summing up the discussions on signing the contract for the development of phase 11 of South Pars, and this is almost in the final stages,” Zangeneh was quoted by Shana news agency as saying on Saturday.
“The contract … will be signed before the end of the (current) government (mid-summer),” he added.
On May 27, Total Chief Executive Patrick Pouyanne said the oil major would seal the agreement to develop phase 11 of the huge South Pars gas field in southern Iran before summer.
Total signed a heads of agreement with the National Iranian Oil Company (NIOC) in November 2016 but said earlier in February that a final decision on the deal hinged on the new US administration renewing sanctions waivers on Iran.
The South Pars 11 project will have a production capacity of 1.8 billion cubic feet per day, or 370 000 barrels of oil equivalent per day. The produced gas will be fed into Iran’s gas network.
Total will operate the project with a 50.1% interest alongside Petropars at 19.9% and the Chinese state-owned oil and gas company CNPC at 30%.
Qatar backs off from cutting gas supplies
While the current crisis with its neighbours and their backers would be a reason trigger a force majeure clause in the agreement governing the Dolphin gas pipeline, Qatar will not cut supplies to the UAE.
In statements on Sunday, Qatar Petroleum Chief Executive Saad Sherida Al-Kaabi said, “the siege we have today is a force majeure and we could close the gas pipeline to the UAE,” adding he did not want to “harm” the “UAE and the people of the UAE.” Al Kaabi did not rule out a shutdown altogether.
As part of the Dolphin Gas Project, Qatar transports gas to the UAE and Oman via subsea pipelines.
Pöyry Awarded Owner's Engineer Services Assignment For Combined Cycle Power Plant Project In Georgia
Gardabani TPP 2 LLC, has awarded Pöyry with the Owner's Engineer services assignment for the Gardabani II 230MW Combined Cycle Power Plant Project in Georgia.
Pöyry's assignment includes Review Services for Basic Engineering Design (BED), Review Services for Detailed Engineering, Quality Assurance Plans and Procedures, Site Supervision and Project Management Services.
Gardabani TPP 2, a subsidiary company of JSC Georgian Oil and Gas Corporation (GOGC), has signed an EPC / Turnkey contract with China Tianchen Engineering Corporation (TCC) for engineering, procurement and construction of the 230 MW Combined Cycle Thermal Power Plant (CCTPP) in Gardabani, Georgia.
"It is really a great pleasure having Pöyry as Owner's Engineer in our CCTPP Project. This Project is extremely important not only for Georgian Oil and Gas Corporation, but also for the whole energy sector of Georgia. I am confident that our cooperation will ensure the successful completion of the project." said Mr Merab Kiparoidze, General Director of Gardabani TPP 2 LLC.
"We trust that Pöyry's competent advice will ensure the successful completion of the project" said Mr Shota Mjavanadze, Deputy General Director at Gardabani TPP 2.
"We are very proud to be able to support Georgia with its growth plans by making sure its second Combined Cycle Power Plant is delivered on time and within the agreed budget", says Dr Michael Gruenenfelder, Pöyry's Regional Director of Thermal & Renewable Energy.
The value of the order is not disclosed. The order will be recognised within the Energy Business Group order stock in H1/2017.
Petrofac wins $35m Kuwait deal
The five-year deal with Kuwait Oil Company (KOC) includes training and competency development services.
Karim Osseiran, vice president of training services, engineering & production services, said: “This is a highly innovative, long-term project. A team of more than 30 training professionals and technical specialists from Petrofac will be embedded within KOC’s operations to deliver skills and competency-based learning and development services at the frontline of production operations.
“The award clearly demonstrates KOC’s commitment to its people and the importance it places on the development of competency and skills within its workforce. This project will build legacy value through the development of systems and processes to operationalise human capability development where it matters the most, in the field. We are delighted to have the opportunity to support KOC throughout this journey and look forward to making a real difference to performance.”
Petrofac will support KOC in reviewing and updating its competency systems and will develop and deliver technical training programmes to enhance the capability of its operations and maintenance personnel.
Prime Minister Borissov Confers with Lukoil President Alekperov
The Government will work for ensuring a favourable business environment in Bulgaria and making it an attractive destination for foreign investors, said here Thursday Prime Minister Boyko Borissov during meeting with the President of the Russian Lukoil oil company, Vagit Alekperov, the Government press service reported.
Borissov has focused on the measures taken by his Cabinet to fight contraband trade, especially that of fuels. He stressed that all ministries engaged with this issue are working very actively to achieve maximum efficiency.
Lukoil's plans to do business in Bulgaria were also on the meeting's agenda. The company's investments in Bulgaria so far exceed 3 billion leva.