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Industry's major service firm, TechnipFMC has decided to split the company into two separate business entities. The separation is expected to be completed in the first half of 2020. Chief Executive of Technip said, "We are confident that the separation will allow both businesses to thrive independently within their sectors, enabling each to unlock significant additional value”. Also, it will “enable the two companies to unlock additional value”.
EPC giant, TechnipFMC yesterday informed about securing an EPC contract for Arctic LNG-2 project. The $7.6 billion contract consists of three 6.6 MTPA-LNG trains. The project, operated by Russia’s Novatek and its partners, aims at developing over 7 billion barrels of oil equivalent (boe) of resources. The project is estimated to have a total production capacity of 19.8 million tonnes per year.
Neptune Energy and BP have awarded Seagull development contract to TechnipFMC. Seagull North Sea development is a 50 million barrel project. Under the scope of this deal, the EPC giant will provide engineering, procurement, construction and installation (EPCI) services in a Target Cost contract. The offshore construction campaign is slated for commencement in the second quarter of 2020.
EPC giant, TechnipFMC has landed subsea contracts for Anadarko’s Mozambique LNG Project. Valued at over $1 billion, the contract will require TechnipFMC to work in collaboration with Van Oord and Allseas to carry out the EPCI of the subsea hardware system. TechnipFMC also bagged separate contracts through its subsidiary FMCTI to deliver subsea hardware to support well construction and the EPCI scope.
EPC giant, TechnipFMC has secured a contract from ConocoPhillips for the provision of the subsea production system for the Barossa project, offshore Australia. The scope of the contract includes the engineering, design and fabrication of wellheads, manifolds and control system, apart from the installation and commissioning assistance. ConocoPhillips operates the Barossa Caldita project where Santos and SK E&S are partners.
TechnipFMC has been awarded a contract whose worth is expected to be between $75m and $250m. It has been awarded this contract for the TOR II development in the North Sea where it is incharge of integrated engineering, procurement, construction and installation (iEPCI). The scope of work includes delivery and installation of a subsea production system including deployment of umbilical, rigid flowlines and ancillary subsea equipment.
Neptune Energy and TechnipFMC have entered into a subsea global Alliance Agreement which is initially for five years with the further option of extensions. The scope of the project includes the full project lifecycle through engineering, procurement, delivery of subsea production systems and installation of subsea equipment and infrastructure. The installation scope will be majorly in 2020 and the first oil is targeted for the fourth quarter of 2020.
EPC giant TechnipFMC has included a new-build diving support vessel - the Deep Discoverer to its international fleet of subsea pipelay, diving and construction ships. Deep Discoverer will come attached with DP3 capabilities, apart from an 18-person twin bell saturation diving system, in-built air diving spread and a 250 Te NOV Hydralift subsea crane. Deep Discoverer will begin operations in the first half of 2019.
According to the sources, Royal Dutch Shell wants to increase output and recoverable reserves from its gas field, Ormen Lange in Norway. The energy giant is planning to install subsea compressors in the field in order to boost production. Shell and its partners, Equinor and Exxon are now aiming to choose between two proposals, which are from OneSubsea and TFMC, intended to improve output and recoverable reserves.
Lundin Norway AS has awarded a sizeable contract to EPC giant, TechnipFMC for the Luno II and Rolvsnes development in the North Sea. The contract requires TechnipFMC to deliver and install subsea equipment including umbilicals, flexible jumpers, rigid flowlines, and subsea production systems. The EPCI contract is estimated to be around £190-£380 million.
Saudi Aramco has entered into a long-term deal with a consortium comprising of TechnipFMC and MHB-owned, Malaysia Marine and Heavy Engineering (MMHE). In a statement given to press, MHB informed that the agreement binds the consortium to provide engineering, procurement, fabrication, transportation, and installation services to Saudi Aramco’s offshore projects. MHB also informed about being awarded a contract by TechnipFMC for the fabrication of the Pluto Water Handling Module.
Texas-based Anadarko Petroleum has informed that the EPCI contract of the offshore subsea system was granted to EPC giant, TechnipFMC and VanOord. More than 75 Tcf of natural gas resources have been discovered in the Mozambique’s Offshore Area 1. Anadarko’s partners at Mozambique LNG project are ENH, Mitsui E&P, ONGC Videsh, Bharat PetroResources, PTT Exploration & Production and Oil India.
EPC giant, TechnipFMC has granted a transportation and installation contract to Jumbo's offshore division. The work involves lowering the manifold onto the seabed and installing various other SSIV’s and valve skids. Jumbo will additionally transfer equipment from U.S. Gulf Coast to Eastern Mediterranean. Jumbo’s offshore division will also provide reliable project management and engineering services are part of the contract as well.
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.
TechnipFMC will be providing engineering services and development on the Calcasieu Ship Channel in Louisiana. The UK-based company was awarded this contract by Commonwealth LNG. Commonwealth has also signed an agreement with Lloyd Engineering for the marine facility and turning basin design. The company’s CEO said that the aim of Commonwealth LNG is to become the low-cost provider for the US LNG liquefaction projects.
Equinor has strengthened its alliances with the global service provider companies, TechnipFMC and Aker Solutions. After entering into several framework agreements with both supplies in December 2017, new collaboration agreements have been signed recently to “establish a framework to ensure continuous improvements”. The main objective of this collaboration is to improve the safety, quality, cost and technology by subsea operation services and project execution.
Equatorial Guinea’s National Content Regulation of 2014 says “all agreements must have local content clauses and provisions for capacity building.” Failing to obey the local-content rules over training and jobs, the oil-services companies, TechnipFMC Plc, Subsea 7 SA and Schlumberger Ltd. might be excluded from the country. By September end, the oil companies could be asked to cancel their contracts with the existing service providers and issue new tenders.
British EPC giant, TechnipFMC has won a contract to carry out the licensing, engineering, procurement, construction, commissioning and start-up for Vietnam’s maiden olefins plant. The contract has been awarded by SCG-owned Long Son Petrochemicals Co. The plant will utilize TechnipFMC’s proprietary ethylene technology, to produce up to 1.6 million tons of olefin per year.