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Wood has won a contract in the United States for the construction of a natural gas pipeline. The contract is worth £26million. Under the work scope, the company will construct a 28-mile pipeline which will carry gas from Pennsylvania to Ohio. Wood’s CEO of Asset Solutions Americas said, "We’re delighted to be playing a key role in this strategic project".
Shell and PetroChina's joint venture Arrow Energy has won leases for a project worth $7.2 billion. The project aims at the development of Australia's biggest coal seam gas resource. In order to cut the project's cost, Arrow will use QCLNG's gas processing and pipeline infrastructure. According to the Queensland government, 14 leases have been granted to Arrow Energy for the Surat project.
Vryhof, a partner to Deep Sea Mooring (DSM), has signed a multi-year agreement with the leading offshore drilling company, Diamond Offshore. Under the scope of the agreement, mooring and related equipment will be provided by DSM to various Diamond rigs and will also assist in the development of Diamond’s industry leading Mooring Integrity Management System (MIMS) for offshore operations.
Canada-based Niko Resources has served an arbitration notice to its partners in India’s KG-D6 block, RIL and BP plc. According to an earnings statement from RIL, Niko Resources, which holds 10% stakes in the KG-D6 block, had defaulted on cash calls during the October-December quarter. As Niko failed to cure the default, a default notice was triggered and the Canadian oil and gas firm was asked to exit the block.
The state-firm of Venezuela has signed a deal with US’ Erepla in order to support its country’s declining crude oil output. Erepla is partly owned by Florida Republican and was registered in November last year. The US firm will invest up to $500 million for three Venezuelan oil fields in return of which it will be provided with a portion of crude produced.
Paz Oil, Israel's largest refined oil products distributor, has announced that it has extended its contract for two years with the Palestinian Authority. This contract extension is regarding the sales of petroleum products in the West Bank and Gaza Strip. Paz Oil will also provide maintenance and equipment under the agreement which will last till the end of year 2020.
National Petroleum Construction Co. (NPCC) of Abu Dhabi informed that the company has won a construction contract from Kuwait Oil Company. The contract is of $231 million. Under the scope of this contract, NPCC will have to build facilities in order to reduce crude salinity. These facilities will be built at the four oil gathering stations that are operated by Kuwait Oil.
EPC giant, TechnipFMC has concluded the construction of a new ammonia production unit, “Ammonia 4”, executed for Duslo, as part of the Agrofert group. The 1,600 tpd Ammonia 4 unit, which has an estimated operating life of 40 years, utilises Haldor Topsoe’s latest-generation technology. The plant successfully met performance criteria in July. The new unit is operating in the existing fertilizer complex located in Sal’a, in Slovak Republic.
French supermajor, Total and Chinese state-owned CNOOC have modified the sale and purchase agreement for LNG supply, inked in 2008. While the contract volume has been increased from 1 Mtpa to 1.5 Mtpa of LNG, the term of the contract has been extended from 15 years to 20 years. The move will further strengthen the cooperation between the firms in the liquefied natural gas business.
Equinor has awarded a 5-month contract to Maersk Drilling AS and the Maersk Intrepid rig. These companies will provide operational support on the Martin Linge field. Maersk Intrepid rig has a deal until April 2019 which has now been extended to two one-month contracts. Four new two-month extension options will also be provided to the Interpid. The deal is estimated more than £30 million.
Europe’s Prosafe has been awarded a £14.3million contract by BP. Prosafe will grant the charter of the Safe Zephyrus accommodation vessel at the Clair Ridge platform. The contract is of five-month and will start from May next year. The contract has an extension option of one month. CEO of Prosafe said “The Safe Zephyrus’ track record of gangway connected operations is second to none since her delivery in 2016,”
Securing contracts from Permian, Alaska through the Bakken and then Louisiana’s onshore energy contract, Wood has won a string of new contracts in US midstream this year. These contracts are worth about £190m, and will create about 1,000 new jobs. CEO of Wood’s Asset Solutions Americas commented “These contracts show the strength and expertise of Wood to deliver a diversified portfolio of energy,”
Mozambique’s government informed that it has signed an oil exploration agreement with ExxonMobil and Rosneft. The energy regulator of Mozambique, National Petroleum Institute said that the government is planning to get into similar agreements with Sasol of South Africa and Itlay’s Eni. These energy firms will drill a minimum of 10 wells which is expected to lead to an investment of as much as $700 million.
Bayport Polymers has awarded a contract to McDermott International, Inc. for the development of its new High-Density Polyethylene (HDPE), the Borstar Bay3 Project in Texas. Bayport is a JV of Total Petrochemicals & Refining USA and Novealis Holdings LLC. McDermott’s scope of work includes engineering, procurement, fabrication and construction. The capacity of the plant is 625,000 tons/year. The plant will be ready in 2021.
The subsea production system for Petrobras’ Mero 1 project will be supplied by Norway’s Aker Solutions. The subsea production system, which will consist of 12 vertical subsea trees, will be manufactured at the São José dos Pinhais and Rio das Ostras facility. The Norwegian energy service company is already working on the project, with deliveries scheduled for 2020. The subsea production system will be hooked up to Guanabara FPSO.
Aker Solutions has informed that the company has entered into a five-year agreement with BP in Angola, effective from Q3 of present fiscal year. The contract will see Aker Solutions supply brownfield modifications, maintenance and operations support for BP’s Greater Plutonio and PSVM fields offshore Angola. Aker will also provide engineering, procurement, and construction services on the floating production, FPSO vessels at each field for brownfield projects.
Offshore innovative solutions developer, Trendsetter Vulcan Offshore (TVO) has signed an agreement with Norway’s SubseaDesign AS. Under this agreement, TVO will give all the rights of marketing and commercialization of its patent Tethered BOP design to SubseaDesign. The BOP, which mitigates the challenges of wellhead fatigue and wellhead strength will be then used in Norwegian sector of the North Sea.
Cenovus Energy, has signed a three year deal to transport heavy crude by rail to the US Gulf Coast. The agreement is to transport over 100,000 bpd of crude. The Canadian National Railway Co. will start transportation from the fourth quarter and Canadian Pacific Railway will take over the shipping part from the second quarter of next year. Recently, the pipeline holdup has negatively affected the oil prices in Canada.