Saipem secures US$550MN offshore contracts

Saipem secures US$550MN offshore contracts

March 2005 Saipem has been awarded three offshore construction contracts valued at US$550 million in Indonesia and the North Sea, following internati...

34KB Sizes 2 Downloads 133 Views

March 2005

Saipem has been awarded three offshore construction contracts valued at US$550 million in Indonesia and the North Sea, following international tender. Two of these contracts cover engineering, procurement, fabrication and installation of two platforms and two pipelines for the Tangguh Liquefied Natural Gas project, in Indonesia. The third, awarded by Talisman Energy as part of the development of the Tweedsmuir field in Scotland, comprises the laying, burial and testing of approximately 60km of pipe in pipe line.

POWER GENERATION CONSORTIUM WINS 627MN MIDDLE EAST CONTRACT An Alstom-led consortium has won a 627 million turnkey contract with Saudi Electricity Co to add three generating blocks to the Saudi Arabian Shoaiba power plant, making it the largest power plant in the Middle East. Under the contract, worth 560 million to Alstom, the consortium will build the final three 400MW units of the 11unit steam power plant, increasing the total power output to more than 4400MW. Alstom will design, supply, install and commission the entire power plant, including boilers, steam turbines generators and the complete balance of plant and systems for the three units while Alstom’s consortium partner, Saudi Archirodon Constructions,

will carry out all the associated civil works. The Alstom-led consortium also supplied, on a turnkey basis, the previous eight units at Shoaiba, beginning with an initial contract won in November 1998. The final units of the plant, located on the Red Sea coast 100km south of the city of Jeddah, are scheduled to be fully operational in the first half of 2008.

PULP & PAPER KVAERNER WINS UPM POWER BOILER CONTRACTS Kvaerner Power has been awarded 60 million in contracts for power boilers for UPM’s paper mills in the UK and France. UPM is planning to build power plants with bioenergy production at their paper mills in northeastern Wales, UK and in northwestern France near Paris. Both mills produce newsprint paper based on recycled fibre. Instead of landfilling, the unusable part of recycled paper will be burned with an advanced combustion technology and used for renewable energy production for the mills. Kvaerner Power will deliver power boilers using bubbling fluidized bed technology to both mills. The boilers have steam capacities of 82 MW each.

PETROCHEMICALS BP, SINOPEC TO BUILD CHINESE ACETIC ACID PLANT BP and Sinopec have signed a joint venture contract to build a 500 000 tonne per

year acetic acid plant in Nanjing, Jiangsu province, China. Located in Nanjing, at the heart of the Yangtzi Delta - one of the most dynamic regions in economic development in China - this world-scale joint venture is expected to be on stream in the second half of 2007. The plant will incorporate BP’s CATIVA technology. The Sinopec investment will take place through the Yangtzi Petrochemical Co, a majority owned Sinopec subsidiary.

CHEMICALS DOW LAUNCHES CLEANER PRODUCTION PILOT IN CHINA The Dow Chemical Co and China’s State Environmental Protection Administration (SEPA) of China have launched a National Cleaner Production Pilot Project in China. Cleaner Production is the continuous application of an integrated preventive environmental strategy to processes, products and services to increase efficiency and reduce risks and possible damage to humans and the environment. It is a key driver of the Chinese government to reduce environmental degradation and achieve sustainable development over the long term. “Cleaner Production is really the way to go for corporations which want to go high tech, achieve lower resource wastage, reduce pollution to the environment, and attain higher economic efficiency,” said Wang Jirong, deputy director of SEPA. “China currently faces growing pressure on the supplies of energy and resources - gas, oil and electricity just to name a few. Cleaner Production can not only help reduce waste in the production processes, but also

increase the efficiency of energy resources and ultimately improve competitiveness of enterprises.” The 3-year project will focus on small and medium sized enterprises from the chemicals or related industries such as pharmaceuticals, dyeing, electroplating, paper and brewery. The project will be implemented through a series of education, training, appraisal and recognition programs to support and promote the development of Cleaner Production in China.

DUPONT MULLS NEW TITANIUM DIOXIDE PLANT IN CHINA DuPont and the city of Dongying in Shandong province, China are in talks that could lead to the construction of a world-class titanium dioxide (TiO2) plant in the city’s Economic Development Zone. DuPont teams have visited China and other Asian countries to identify sites suitable for TiO2 manufacturing. Dongying has emerged as the leading candidate site.

WATER & WASTEWATER WATER FOR LIFE: INTERNATIONAL DECADE OF ACTION BEGINS World Water Day 2005 on 22 March saw the launch of the International Decade of Action Water for Life campaign - an international drive to bring safe water and basic sanitation into homes and schools worldwide. Bringing these services to the poorest families is at the centre of efforts to meet many of the 2015 Millennium Development Goals (MDGs) -

3

MARKET PROSPECTS

SAIPEM SECURES US$550MN OFFSHORE CONTRACTS

Pump Industry Analyst