A Barrel Fulll Archive

December 6, 2021 Technip Energies (PARIS: TE) (ISIN:NL0014559478) has been awarded a substantial(1) Engineering, Procurement, and Construction (EPC) contract in consortium with TARGET Engineering by Abu Dhabi Polymers co. Ltd. (Borouge), a joint-venture between ADNOC and Borealis, for the construction of a new Ethane Cracker Unit, to be integrated in the Borouge 4 petrochemical complex in Ruwais, UAE. The contract was signed by H.E Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, Managing Director and Group CEO of ADNOC and Chairman of Abu Dhabi Polymers Co Ltd. (Borouge), and Technip Energies CEO Arnaud Pieton, in presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Board of Directors of the Abu Dhabi National Oil Company (ADNOC) and the President of the French Republic, Emmanuel Macron during the French delegation’s visit to the UAE. This EPC contract covers...

May 25, 2022 Technip Energies (PARIS:TE) and Samsung Engineering have been awarded a Pre-FID (Final Investment Decision) Engineering contract for the Texas LNG project in Brownsville, Texas, USA. Through a joint venture with Samsung Engineering, Technip Energies has been appointed lead project contractor charged with project design and delivery. The proposed 4.0 Mtpa(1) LNG export facility site is strategically located on the Port of Brownsville's deep-water ship channel in close proximity to the Gulf of Mexico. The Texas LNG project will utilize Technip Energies’ SnapLNG™ solution, which combines a compact modular design concept for mid-scale trains with standardized components and technology. Developed in collaboration with Air Products, the system benefits from speed to market, with greater certainty around both costs and schedule, and best available process technology, refrigerant compression and digitalization. As a result, this solution offers lower emissions and is particu...

26 January 2022 Maire Tecnimont S.p.A. announces today that its subsidiaries Tecnimont S.p.A and MT Russia LLC have signed an EPC contract with Rosneft for the implementation of the VGO Hydrocracking Complex at the Ryazan Refining Company’s (RORC) production site , 200 km South-East of Moscow. This contract follows the agreement signed by Maire Tecnimont and Rosneft and announced on 28th October 2021. The overall contract value is approximately €1.1 billion (Russian VAT excluded). The project is subject to financial closing as well as to the fulfilment of certain conditions, typical for this kind of transactions. Project total duration, expected to be typical for this kind of initiatives, will be defined and disclosed once such financial closing and the fulfilment of certain conditions are met. VGO stands for Vacuum Gas Oil, which is produced by vacuum distillation unit in a refinery plant. Rosneft’s subsidiary RORC is one of the largest Russian refineries by volume of refining and pro...

28 June 2022 Maire Tecnimont S.p.A. announces that its subsidiaries Tecnimont and Stamicarbon have been awarded several new contracts and order variations for licensing, engineering services and EPC activities for an overall value of approximately USD 96 million. These contracts have been granted by international clients in Nigeria, as well in Europe, the Middle East and the Far East. In particular, Tecnimont has been granted a FEED contract by African Refineries Port Harcourt Limited for a 100,000 barrels per day refining plant, which is due to be operational in 2025. It will be built inside the existing Port Harcourt Refinery complex , where Tecnimont is already executing an EPC contract related to its Re-habilitation works. The contract also includes a feasibility study for an independent section of the plant for the production of Sustainable Aviation Fuel (“SAF”, also known as Biojet), which will be based on NextChem’s portfolio of green initiatives, using biowaste as feedstock. Al...

March 8, 2022  Honeywell announced today that Venture Global LNG, Inc. will use a series of technologies from Honeywell UOP to remove various contaminants from natural gas to applicable LNG specification prior to liquefaction at its Plaquemines LNG export facility in Plaquemines Parish, Louisiana. Honeywell UOP will provide engineering, procurement and fabrication services for the LNG Pretreatment units which, when completed, will pretreat feed gas for the facility which will produce liquefied natural gas (LNG) for export to markets in Asia, Europe and other locations. In 2019, Venture Global selected Honeywell Modular LNG pretreatment technology for its Calcasieu Pass Export facility. "With this project, Honeywell UOP is helping Venture Global LNG develop a facility that provides a low-cost supply of LNG by using large-scale high-performance equipment. Lean feed gas observed in a good portion of U.S. pipeline poses some unique challenges and UOP’s innovative technologies provid...

Mar. 9, 2022 Baker Hughes (NASDAQ: BKR) has been awarded a contract and granted notice to proceed by Venture Global LNG to provide a liquefied natural gas (LNG) system for the first phase of the Plaquemines LNG project in Louisiana. The highly-efficient liquefaction train system (LTS) supplied by Baker Hughes is modularized, helping to lower construction and operational costs with a “plug and play” approach that enables faster installation. Baker Hughes manufactures, tests and transports the pre-assembled and fully integrated modular turbomachinery units for Venture Global LNG at its state-of-the-art manufacturing and assembly facilities in Italy. As part of the scope, Baker Hughes will also provide field services to assist in commissioning of the supplied equipment. Today’s order builds on an award in the fourth quarter of 2021 for Baker Hughes to provide power generation and electrical distribution equipment for the comprehensive power island system of Venture Global LNG’s Plaquemin...

11 February 2019 Arup has been appointed by Commonwealth LNG to provide specialist engineering services for the development of industry first LNG modular storage tanks. Commonwealth LNG plans to construct and operate its proposed natural gas liquefaction and export facility in Cameron Parish, Louisiana, with first export of liquified natural gas commencing in 2024. The facility has a total liquefaction capacity of 8.4 million tonnes per year and a total LNG storage volume of 240,000m3. The innovative design of the modular tank – an original concept by Arup - allows the tank to be constructed offsite at a dedicated fabrication yard in parallel with foundation construction onsite. This approach significantly reduces onsite labour and shortens completion time by up to one year. These benefits result in capital cost savings and overall project risk reduction. Arup is supporting Commonwealth LNG to obtain final approval from the US Federal Energy Regulatory Commission by providing structu...

18 January 2021 Commonwealth LNG, in association with Gunvor Group (“Gunvor”), announced today the launch of a formal process to solicit bids to reserve offtake from its planned 8.4 million tons per annum (MTPA) LNG facility in Cameron, Louisiana. It is the first ever tender process in which prospective LNG customers can secure future term supply at volumes, pricing and durations of their choosing through competitive bidding. LNG will be made available under tolling, free on board (FOB) or delivered at place (DAP) offtake agreements to match customer preferences. Commonwealth officials say that a different approach is warranted following changes in the energy market resulting from the global pandemic. Commonwealth Founder and CEO Paul Varello said the innovative approach to selling LNG benefits the project as well as potential buyers. “We believe this process offers a mutually advantageous, low-risk solution for buyers to address their long-term needs while allowing Commonwealth to ad...

04 May 2021 BHP today announced first oil production from the Ruby Project in offshore Trinidad and Tobago. Ruby is located offshore Trinidad and Tobago in the shallow water in Block 3(a) within the Greater Angostura Field . The development consists of both oil and gas production from the Ruby and Delaware reservoirs via five production wells and one gas injector well tied back into existing operated processing facilities. The Ruby project closely aligns with BHP’s Petroleum strategy of advancing high return growth opportunities tied back to established infrastructure. At completion, Ruby is expected to have capacity to produce up to 16,000 gross barrels of oil per day and 80 million gross standard cubic feet of natural gas per day. BHP President Petroleum, Geraldine Slattery said: “The start-up of Ruby represents continued development of BHP’s oil and gas production facilities in Trinidad and Tobago, re-enforces the quality of the resource and its investment competitiveness. An Ocean...

26 July 2021 bp Trinidad and Tobago LLC (bpTT) has announced the installation of the topsides of its Cassia Compression (Cassia C) platform off Trinidad’s east coast. The installation marks a significant milestone in the Cassia C project which will enable bpTT to access and produce low pressure gas reserves from currently-producing fields in the Greater Cassia area, thereby maximizing recovery from these existing resources. The Cassia C topsides were fabricated at the Altamira fabrication yard, Mexico and arrived in Trinidad and Tobago on July 15. Michael Daniel, Project General Manager, bpTT said: “We have marked an important step in the Cassia Compression project with the installation of the topsides. This is a great achievement for the teams in Mexico and T&T which had to work through challenges brought about by COVID-19. The Cassia Compression project will be a major component of improving our production deliverability and the installation of the topsides brings us one step cl...

20 January 2017 BP Trinidad and Tobago LLC (bpTT) today announced that the new Juniper offshore platform has begun its journey towards the southeast coast of Trinidad where it will be installed as bpTT’s 14th offshore installation. The Juniper project is a US$2 billion investment in Trinidad and Tobago and one of BP’s largest start-up projects in 2017. “A little over two years ago the Juniper project was sanctioned and, at that time, it represented a significant milestone as an important part of the future of bpTT,” said Norman Christie, bpTT regional president. “Today, we are pleased to see the project progress even further and closer to start up with the sail away of the jacket and topsides. This is a fantastic achievement by the project team and is a very visible sign of our commitment to maintaining a successful long term business in T&T.” The Juniper project comprises a platform made up of jacket, piles and topsides, and corresponding subsea infrastructure which will be insta...

14 August 2017 BP Trinidad and Tobago (BPTT) today announced first gas from the Juniper development , the fifth of BP’s seven Upstream major project start-ups planned for 2017. Juniper has begun production on schedule and under budget. The project is expected to boost BPTT’s gas production capacity by an estimated 590 million standard cubic feet a day (mmscfd). With an investment of approximately US$2 billion, Juniper is BP’s first subsea field development in Trinidad. It produces gas from the Corallita and Lantana fields via the new Juniper platform, 80 kilometres (50 miles) off the south-east coast of Trinidad in water approximately 110 metres deep. The gas then flows to the Mahogany B hub via a new ten-kilometre flowline that was installed in 2016. Bernard Looney, chief executive of BP’s Upstream business, said: “Delivered on schedule and under budget, Juniper is a major milestone in BP’s more than 50 years of investment in Trinidad and Tobago. It is the largest new project brought...

24 September 2022 bp Trinidad and Tobago (bpTT) today confirmed that it is proceeding with the development of its Cypre offshore gas project. This decision followed recent meetings of Trinidad and Tobago’s Prime Minister Dr Keith Rowley, Minister of Energy and Energy Industries Stuart Young, bp CEO Bernard Looney and incoming President for bpTT David Campbell where they discussed accelerating the project’s sanction. Cypre will become bpTT’s third subsea development. It will include seven wells and subsea trees tied back into bpTT’s existing Juniper platform via two new 14 kilometre flexible flowlines. Drilling is due to commence in 2023 and first gas from the facility is expected in 2025. The Cypre gas field is located 78 kilometres off the southeast coast of Trinidad within the East Mayaro Block, in water depth of approximately 80 metres. At peak the development is expected to deliver average gas production of 250-300 million standard cubic feet a day (mmscfd). Production from ...

Jun 7, 2016 Shell Chemical Appalachia LLC (Shell) has taken the final investment decision to build a major petrochemical complex , comprising an ethylene cracker with polyethylene derivatives unit, near Pittsburgh, Pennsylvania, USA. Main construction will start in approximately 18 months, with commercial production expected to begin early in the next decade. The complex will use low-cost ethane from shale gas producers in the Marcellus and Utica basins to produce 1.6 million tonnes of polyethylene per year. Polyethylene is used in many products, from food packaging and containers to automotive components. The facility will be built on the banks of the Ohio River in Potter Township, Beaver County, about 30 miles north-west of Pittsburgh. As a result of its close proximity to gas feedstock, the complex, and its customers, will benefit from shorter and more dependable supply chains, compared to supply from the Gulf Coast. The location is also ideal because more than 70% of North America...

December 28, 2018 Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project . Area 4 participants are ExxonMobil, Eni, China National Petroleum Corporation (CNPC), Empresa Nacional de Hidrocarbonetos, Kogas and Galp. Those commitments are subject to the conclusion of fully-termed agreements, which will be finalized and initialed in the next weeks, and the approval of the government of Mozambique. “The Rovuma LNG marketing team has worked at an accelerated pace to reach this important milestone, a tremendous achievement made possible by the strength of the Area 4 co-venture parties and the support of the government of Mozambique,” said Peter Clarke, president of ExxonMobil Gas and Power Marketing Company. Massimo Mantovani, Eni chief gas and LNG marketing and pow...