Press digest from last week


Petrofac wins contract for Bahrain’s gas dehydration facility

The award follows Petrofac’s successful installation of a 500mn scf per day gas dehydration facility for Tatweer.

Under the terms of the contract, Petrofac will execute on a lump-sum turnkey basis the engineering procurement and construction (EPC) of additional gas wells and connect them to the gas dehydration facility.

Mani Rajapathy, managing director, eastern hemisphere for engineering and production services, commented, “The project is integral to the kingdom’s future energy strategy to increase the production of natural gas. We look forward to our continued partnering with this important client and the safe and efficient delivery of these further wells.”



Exclusive: Borealis seeks partners for joint venture with Adnoc and investments abroad


Petrochemicals producer Borealis is in talks to add more partners to the expanding Borouge chemicals facility in Abu Dhabi and is eyeing investment opportunities abroad with the Abu Dhabi National Oil Company.

Austrian company Borealis, which is majority-owned by Abu Dhabi strategic firm Mubadala Investment Company, operates the petchems joint venture Borouge with Adnoc in the capital’s western region of Ruwais.

“Borealis is so far the only technology supplier for the polyolefin plants (in Borouge) … and we also want to use [our technology] to build that further and that can also lead to opportunities outside of Abu Dhabi but also in Abu Dhabi to partner up with others [alongside] Adnoc,” Borealis chief executive Alfred Stern told The National in an interview on Monday.

The Borouge facility, which has a production capacity of 4.5 million tonnes of polyethylene and polypropylene, is currently looking to ramp up production by almost three times through the development of new projects. These are Borouge 4 and polypropylene plant-5 that will integrated with the expanding refinery in Ruwais. Polypropylene and polyethylene fall under the larger category of polyolefins, which includes plastics manufactured through a process known as polymerisation.



TurkStream's 2nd Leg to Become Operational by December 2019 – Turkish Minister


ANKARA (Sputnik) - The second leg of the TurkStream gas pipeline is expected to be put into service by December 31, 2019, Turkish Energy and Natural Resources Minister Fatih Donmez said Wednesday, citing information provided by Russian energy giant Gazprom, which is involved in the construction project.

"The construction of the offshore portion of the first leg of TurkStream has been completed. Gazprom built it on its own. They covered a 930 kilometer [578 mile] route. Now, construction of the land portion is underway. Gazprom continues laying down the second leg of the offshore part [of the pipeline]. Gazprom has notified us of the date [it will become operational] — December 31, 2019," Donmez told A Haber TV Channel.



Saipem wins new onshore E&C contracts worth $800m


Italian oil and gas service provider Saipem has secured multiple onshore engineering and construction (E&C) contracts worth an aggregate amount of $800m in different jurisdictions.

The awarded contracts are in Saudi Arabia, Serbia, Mexico, Iraq and Nigeria.

The company has received a procurement and construction contract from Saudi Aramco in relation to the ‘South Gas Compression Plant Pipelines’ project for the development of the Haradh gas plant (HdGP) in Saudi Arabia.

Aramco is undertaking the project under the Southern Area Energy Efficiency Programme.

Under the terms of this contract, Saipem is required to construct pipelines of various diameters and an overall length of more than 700km.




Oil giant Shell leads investment in startup with ‘Electric Cars for Everyone’ goal for charging tech


Shell, the major British–Dutch multinational oil and gas company, has been leading several efforts having to do electric cars as it sees the auto industry transition to electric propulsion affecting its business.

Now the oil giant Shell is leading an investment in a startup with the goal to make ‘Electric Cars for Everyone’ with a new charging technology.

Shell’s VC arm Shell Ventures confirmed that it is leading a $31 million Series A round of financing in Ample, which describes itself as “a technology company focused on solving the energy delivery challenge for electric cars.”

The startup is still very much in stealth mode and not much is known about its technology, but they have released broad details about what they are working on in a press release for the announcement of the round of investment:



Iran official says gas field contract with Total, CNPC unchanged: SHANA


DUBAI (Reuters) - A gas field development contract with France’s Total (TOTF.PA), and China’s state-owned CNPC remains unchanged, a senior Iranian oil official said according to the oil ministry news agency SHANA on Saturday - hours after state new agency IRNA quoted him as saying CNPC had taken Total’s share in the project.

“The role of the members of the consortium developing this project is in accordance with the provisions of the contract, and there is still no formal change in these provisions,” Mohammad Mostafavi, director of investment at Iran’s state oil firm NIOC, was quoted as saying.



Subscribe to our weekly newsletter to keep up to date with the latest industry news in all key market sectors regarding project developments, company news, market trends.