Offshore contract win for Saipem

Offshore contract win for Saipem

MARKET PROSPECTS Pump Company Index ABS Aker Kvaerner Alfa Laval Amarinth Ampco-Pittsburgh Andrews Sykes Andritz AxFlow Baker Hughes BHEL Bjørge Bran...

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MARKET PROSPECTS

Pump Company Index ABS Aker Kvaerner Alfa Laval Amarinth Ampco-Pittsburgh Andrews Sykes Andritz AxFlow Baker Hughes BHEL Bjørge Bran+Luebbe Caprari Cardo CDR Crane Curtiss-Wright DMW Dover Ebara Flometrico Flowserve FLSmidth Franklin Electric Fybroc Gardner Denver GEA General Electric Gévelot GLV Godwin Pumps Gorman-Rupp Graco Grundfos GUD Holdings Hamworthy Hayward Tyler Hyundai Heavy Industries Idex Ingersoll Rand Interpump ITT Johnson Pump John Wood Group JP Pumps Kirloskar Brothers KSB Kubota Layne Christensen Met-Pro Metso Mono NOV National-Oilwell Varco Niigata Worthington Nikkiso Peerless Pump Pentair Pfeiffer Vacuum Pursuit Dynamics Robbins & Myers Roper Industries Roto Schlumberger Sethco Shakti Siemens Sihi Pumps Shaghai SKF Smiths Group Spirax Sarco SPX SPX Process Equipment Sulzer Sulzer Wood Teikoku Electric Textron Torishima Tsurumi United Technologies Voith Siemens Hydro CH Warman Weatherford Weir Weir Minerals WPIL

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Pump Industry Analyst

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OIL & GAS

ExxonMobil announces investment plans

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xxon Mobil is to invest more than US$125 billion in capital spending over the next five years to deliver major projects to help meet growing world energy demand. Investment will be directed at developing new technology, bringing on new upstream projects, increasing the company’s base refining capacity and growing its chemical business. From 2008 to 2010, the company expects to participate in the start up of 19 new projects which, at peak, would collectively add more than 725 000 oil-equivalent barrels per day to ExxonMobil’s production. ExxonMobil expects to start up multiple projects over the next three years in the liquefied natural gas (LNG) business, including production, transportation and distribution. Using ExxonMobil proprietary technology, the company will commission four of the world’s largest liquefaction facilities and new LNG ships which can carry 80% more natural gas than conventional ships. A new project has just been announced to develop and produce hydrocarbon resources from the Point Thomson field on the Alaska North Slope. The project includes construction of production facilities, pipelines and support infrastructure.

Contract to build nitrogen-injection plant

feet of nitrogen per day. The project also includes the construction of a 26 MW power generation facility to complement the existing capacity at the plant.

Go-ahead for Angolan LNG train

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ngola LNG Ltd has given Bechtel’s Oil, Gas & Chemicals global business unit notice to proceed with the construction of a 5.2 million-metric-ton-per-year LNG train, along with storage and marine loading facilities for LNG, LPG and condensate. The plant, adjacent to the town of Soyo in Angola, will utilize ConocoPhillips’ Optimized Cascade LNG process and will produce LNG, LPGs such as propane and butane, condensate and domestic pipeline gas.

Offshore contract win for Saipem

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aipem has been awarded a contract by OLT Offshore LNG Toscana, worth 390 million, to convert the gas carrier ship Golar Frost into a floating, storage and regasification unit. The contract includes the offshore installation and commissioning activities with work scheduled to be completed within three years. The FSRU will have a storage capacity of 137 000 cubic metres of LNG and a production capacity of 3.75 billion cubic metres of natural gas per year.

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CA Fluor, a subsidiary of Fluor Corp and Empresas ICA SAB de CV, has been awarded a US$100 million contract with Energia Costa Azul S de RL de CV, a subsidiary of Sempra LNG, for the construction of a nitrogen injection plant and a power generation facility. The project will be located within the Energia Costa Azul liquefied natural gas (LNG) regasification terminal north of Ensenada, Baja California, Mexico. ICA Fluor will perform engineering, procurement, construction and start-up of the nitrogen injection plant with an estimated 22-month schedule. The completed plant will produce up to 18 million standard cubic

MINING

Expansion at Potash mine

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MEC plc has secured a new contract with PotashCorp at Rocanville Potash mine in Saskatchewan, Canada for the provision of engineering and project management services. The US$1.8 billion expansion of the mine will enable the production of an additional two million tonnes of potash per year. This will be achieved through the engineering and project management for a new mill as well

April 2008