Press digest from last week

17.07.2018

Jacobs wins contract for Equinor’s hydrogen production plant

Equinor Energy has given a feasibility study contract to Jacobs Engineering Group to assess the possibility of constructing a hydrogen production plant in the Netherlands.

The Norwegian company also wants to assess whether CO2 capture and export facilities can also be built along with the hydrogen production plant in Eemshaven.

According to Jacobs Engineering, Equinor will be using the hydrogen produced from the new plant for fueling an existing natural gas-fired power plant called Magnum owned by Vattenfall. The Magnum gas power plant is planned to be converted into a hydrogen-fueled power plant that will be designed to have large scale reduction in carbon emissions.

In last July, Equinor had signed a Memorandum of Understanding with Vattenfall and Gasunie to evaluate the possibility of converting the 1.3GW Magum gas power plant into a hydrogen-powered plant.

Read more...

 

Eni Announces Second Oil Discovery in Egypt’s Western Desert

 

Eni has announced a second light oil discovery on the B1-X exploration prospect located in the South West Meleiha license, located in Egypt’ Western Desert, the company announced in a press release.

The well has delivered 5,130 barrels of light oil per day with low associated gas. It is the second well drilled by Eni to explore the deep geological sequences of the Faghur Basin.

“The discovery on B-1X confirms the high exploration and production potential of deep geological sequences of the Faghur Basin,” the statement said.

“Eni plans, in the near term, the drilling of other exploratory prospects located nearby the A2-X and B-1X discoveries to consolidate what can result as a new productive area for Eni in Egypt,” it added.

Read more...

 

Maire Tecnimont awarded new contracts in Abu Dhabi

 

Maire Tecnimont S.p.A. announces that its main subsidiaries have been granted several new awards and additional works of existing contracts for a total amount of $730 million for licensing, engineering services and Engineering, Procurement & Construction services.  These contracts have been awarded by some of the most remarkable international clients located in Europe, Middle East, South East Asia and Americas.

Among the new acquisitions, Tecnimont S.p.A. has been awarded an EPC contract by Abu Dhabi Polymer Company (Borouge) for a new polypropylene unit (PP5 Project) in Ruwais, Abu Dhabi, in the UAE. Borouge is the joint venture between Abu Dhabi National Oil Company (ADNOC), one of the world's largest oil and gas companies, and Borealis, a leading Austrian international producer of petrochemical and plastics solutions.

The scope of work relates to a new Polypropylene Unit (PP5), having a maximum production capacity of 480,000 tons per year, and associated facilities, to be integrated within the existing Borouge 3 Complex. The project completion is expected by the end of 2021.

Read more...

 

Petrofac Awarded Dutch Offshore Wind Contract

 

Petrofac has been awarded a contract by TenneT, the Dutch-German transmission grid operator, for the Hollandse Kust Zuid (HKZ) offshore grid connection and more specifically for the Alpha and optional Beta HVAC platforms (substations) in the North Sea.

The Dutch government is targeting a total of 3.5 gigawatt of wind energy production capacity offshore by 2023. To achieve this, five 700 megawatt standardised concept transformer substations are planned for installation offshore Netherlands. Petrofac will be responsible for the engineering, procurement, construction and installation (EPCI) of the third and fourth substations which have a total contract value of approximately US$200 million.

Read more...

 

Gazprom moves on with another grand project on Yamal tundra

 

More natural gas from the Yamal Peninsula will be pipelined towards European buyers as Gazprom starts the development of Kharasavey, one of the company’s biggest Arctic fields.

The decision to start development of the field was taken during Gazprom CEO Aleksey Miller’s visit to the Yamal-Nenets region this week.

According to the company, construction works at Kharasavey will start in 2019 and be completed in 2023. That includes the laying of a 100 km long pipeline to Bovanenkovo, the nearby field and infrastructure hub.

The Kharasavey holds 2 trillion cubic meters of natural gas, and production will amount to 32 billion cubic meters per year. Parts of the field are located offshore in the Kara Sea.

Read more...

 

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.