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This is a huge achievement #mcdermott Major FEED Contract Awarded
Look, 👀👀👀👀 #McDermott, #Saipem, and #CPECC have secured a significant front-end engineering design (FEED) contract for #XoM the Rovuma LNG Phase 1 Project in Mozambique.
Why This Is Key for the Region: This contract marks a pivotal step in the development of Mozambique’s LNG infrastructure, promising to enhance energy production and economic growth in the region.
The collaboration between these industry giants underscores the project’s scale and potential impact on the global energy market.
Take a look Here: https://lnkd.in/dNSvCVKH#offshore#subsea#economic#globalmarket
Driving Growth in the Energy Sector | Consultant | Content Producer | Market Insider | AI Enthusiast | "Pai Coruja" | Inviting you to think differently, better, and beyond 🌎
TechnipFMC played a critical role in Guyana's gas-to-energy project, handling the engineering, procurement, construction, and installation of the offshore pipeline infrastructure.
This pipeline will transport natural gas from the Stabroek Block to onshore facilities, replacing the current dependency on imported diesel.
🤔 Let's Think together?🤔
This project is vital for Guyana, where the existing energy infrastructure is underdeveloped and heavily reliant on costly imported diesel, making electricity generation expensive and vulnerable to global oil price fluctuations.
👀👍👌High electricity costs burden consumers and businesses, and maintaining a stable economy is challenging due to these external dependencies.
The gas-to-energy project aims to address these issues by reducing dependency on imported fuels and providing the country with the opportunity for economic development through lower electricity costs, thanks to domestically sourced natural gas. (An integrated natural gas liquid plant and a 300 MW combined cycle power plant)
For #TechnipFMC, this project is a remarkable achievement, but for the Guyanese government, it represents a critical step toward economic stability. While it’s hard to predict the long-term impact, this is undoubtedly a step in the right direction.
The project is expected to be completed by 2025, assuming there are no extended delays. With the offshore pipeline work already on schedule, many anticipate significant transformations in #Guyana over the next two years.
🙌Kudos to everyone involved—this is the kind of legacy-building that truly matters. If you’re going to invest in transforming natural resources, ensure it’s built to last.
Let’s hope they have the knowledge and resilience to see it through, especially considering the challenges that may arise during project completion, such as potential delays and the need for continued political and financial support.
Source: https://lnkd.in/dubVjgne#insightswithpablocosta ##GasToEnergy#OffshorePipeline#EnergyInfrastructure#NaturalGas#EnergySecurity
🇩🇪 Germany to Have First Onshore LNG Terminal by 2027
The construction of Germany's first onshore terminal to regasify liquefied natural gas has begun.
The facility, with an annual capacity of 13.3 billion cubic meters, is expected to be operational by 2027, according to project developer Hanseatic Energy Hub. The terminal will be located on the Elbe River, near Hamburg, and will include two reservoirs of 240 thousand cubic meters each, making them the largest in Europe.
The first clients of the terminal are already confirmed: German companies EnBW and SEFE, which have booked capacities of 4 and 6 billion cubic meters, respectively. Another 2 billion cubic meters is claimed by Czech company CEZ.
Total investments in the terminal are estimated at about 1.6 billion euros, with 1 billion euros directly allocated for construction.
#Germany#LNG
I read through the joint statement, and it does not make sense. Firstly, TotalPNG received submissions from EPC contractors. Secondly, it can not reach a financial investment decision (FID). It now tells PNG, and the rest of the world the submissions received are not to its expectation, so it would work with the contractors to find tune certain aspects of the contract. I think that LNG business is standardized and systemised. Also, I think there are many EPC contractors for oil and gas in the world. Surely Total can find a suitable one already. EPC contractors will always submit their bidding documents in accordance with the standard practice and also within the requirements of the tender notice. Therefore, the reason published may not be the truth, but only a cover up.
I think the logical reason for the delay in the construction of PapuaLNG is no funding for the project. Total may have other important projects and may have diverted attention; or as reported in the media a while ago, banks and financiers don't want to fund the project because of its impact on the environment, i.e. the amount of carbon emissions that may be generated from the project.
#PapuaLNG#LNG#PNGLNG#oilandgas
Zenith Energy Secures Six-Figure Well Management Contract with Central European Petroleum As Part of Poland’s Wolin Project
Zenith Energy, the leading well engineering consultancy and project management company with offices in Aberdeen, Perth Australia, Dakar Senegal and Abu Dhabi, announces today (Wednesday 30th October) that it has secured a six-figure well management contract with Central European Petroleum.
Read More: https://lnkd.in/gMwGG9jf
🔽 Find more info in comments below 🔽
#ZenithEnergy#WellManagement#CentralEuropeanPetroleum#WolinProject#OilandGasNews#OilandGasJobs
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🇩🇪 Germany to Have First Onshore LNG Terminal by 2027
The construction of Germany's first onshore terminal to regasify liquefied natural gas has begun.
The facility, with an annual capacity of 13.3 billion cubic meters, is expected to be operational by 2027, according to project developer Hanseatic Energy Hub. The terminal will be located on the Elbe River, near Hamburg, and will include two reservoirs of 240 thousand cubic meters each, making them the largest in Europe.
The first clients of the terminal are already confirmed: German companies EnBW and SEFE, which have booked capacities of 4 and 6 billion cubic meters, respectively. Another 2 billion cubic meters is claimed by Czech company CEZ.
Total investments in the terminal are estimated at about 1.6 billion euros, with 1 billion euros directly allocated for construction.
#Germany#LNG
📈 Robust performance from our teams!
Today, we published our financial results for the first nine months of 2024. Here are some key takeaways:
✅ Strong nine-months topline
➡️ Year-on-year revenue growth of 13% to €5 billion thanks to the ramping up of LNG projects in Qatar, and growth driven by renewable fuels services, activities of project management consultancies, and other studies and services work.
✅ Raising full-year revenue guidance and delivering full-year margin guidance
➡️2024 full year revenue guidance upgraded from €6.1 - 6.6bn to €6.5 - 6.8bn
✅ Full-year order intake expected to exceed revenues for the 2nd year in a row
➡️Our order intake year-to-date is in line with revenue, and we are confident that orders will exceed revenue on a full-year basis for the second consecutive year, underpinning our growth trajectory
✅ We are well positioned for notable prospects that enable diversification by geography and in new markets
➡️ Selected for the Net Zero Teesside Power carbon capture project in the UK, pending final investment decision
➡️ Selected by Lake Charles LNG for a major export terminal in the US
➡️ Front-end engineering design (FEED) contract for the Rovuma LNG project in Mozambique
➡️ FEED contract for H2Teesside project, which is expected to be one of the UK’s largest low-carbon hydrogen production facilities, with fully integrated carbon capture technology
Consult the full results here 👉 https://lnkd.in/ev7-jv5C#BePartOfTheSolution#Financials#EnergyTransition
🌍 Major Development in Bin Omar Gas Field: Iraqi and US Firms Collaborate 🌍
In a significant move to boost the energy sector, Raban Al-Safina Group of Companies has signed nine agreements with seven prominent US companies to develop the Bin Omar gas field located in Basra, southern Iraq.
Key Partnerships:
The agreements involve industry giants such as KBR, Inc., Honeywell, Baker Hughes, Emerson, and General Electric (GE Renewable Energy), as reported by Asharq Business News. These collaborations aim to bring cutting-edge technology and expertise to the forefront of Iraq’s natural gas processing.
Project Highlights:
• Efficient Energy Solutions: The focus will be on high-efficiency energy production, crucial for meeting growing energy demands.
• Engineering and Technology: Comprehensive services including engineering design, primary equipment preparation, and advanced technology provision will drive the project.
• Environmental Impact: With the capability to handle over 300 million standard cubic feet of gas daily, the project is set to reduce carbon emissions by more than 8 million tons annually.
Strategic Importance:
The Iraqi cabinet’s approval last November to develop the Nahr Bin Omar underscores the strategic importance of this field. This initiative not only aims to fulfill domestic energy needs but also emphasizes environmental sustainability and positions natural gas high on the government’s agenda.
Global Reach:
The project’s scope includes building facilities for gas collection and compression, central gas processing facilities, connecting pipelines, and marine export facilities. This infrastructure will enhance Iraq’s capability to export oil products to global markets, boosting its presence in the global energy sector.
As Iraq seeks to attract more investments into its natural gas sector, this development marks a pivotal step towards achieving energy security and economic growth.
#EnergyDevelopment#NaturalGas#Iraq#USBusiness#EnvironmentalSustainability#GlobalEnergy
#Iraqi, #US firms sign agreements to develop #Bin_Omar gas field
Raban Al-Safina Group of Companies signed nine agreements with seven US companies to develop the Bin Omar gas field in the southern Iraqi governorate of Basra.
The Business Development Manager for Oil and Energy Projects at Raban Al-Safina, Ahmed Al-Mohsen, said that the companies with which agreements were signed include KBR, Inc., Honeywell, Baker Hughes, Emerson and General Electric (GE Renewable Energy according to Asharq Business News.
The agreements include high-efficiency energy production solutions as well as engineering design, primary equipment preparation, and technology provision for natural gas processing.
The Iraqi cabinet approved last November a plan to develop the Nahr Bin Omar.
As the Iraqi government is actively seeking to attract investments to develop the natural gas sector in the country, it puts natural gas among the top priorities of the government agenda.
The Nahr Bin Omar oil and gas field is one of the strategic fields in southern Iraq. The project will handle more than 300 million standard cubic feet of gas each day, helping to fulfill energy demands and promote environmental sustainability.
The project will also contribute to reducing carbon emissions by more than 8 million tons annually.
The project includes the construction of operating facilities to collect and compress the associated gas produced in the Nahr Bin Omar field, central gas processing facilities, connecting pipelines, and marine export facilities to export oil products to global markets.
We’ve issued a Limited Notice to Proceed (LNTP) for early engineering, procurement and construction (EPC) activities to a joint venture led by Technip Energies, with JGC Corporation and National Petroleum Construction Company PJSC, for our low-carbon liquefied natural gas (LNG) project in Ruwais - marking the official start of the project's execution phase.
The Ruwais LNG plant is set to be the first LNG export facility in the Middle East and North Africa region to run on clean power, making it one of the lowest-carbon intensity LNG plants in the world. Once completed, the project will consist of two 4.8 million metric tonnes per annum (mmtpa) LNG liquefaction trains with a total capacity of 9.6 mmtpa, which will more than double our LNG production capacity from 6 mmtpa to around 15 mmpta.
Natural gas is a key transition fuel and the low-carbon LNG project in Al Ruwais Industrial City underscores our commitment to decarbonization, sustainability and innovation in support of our Net Zero by 2045 ambition.
#EnergyForLife
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