Myanmar, award of shallow water exploration Block M07

Friday, Mar 28, 2014

Tap Oil Limited (ASX:TAP) is pleased to advise that it has been notified by the Myanmar Ministry of Energy (MOE) of the successful award of a Production Sharing Contract (PSC) for shallow water Block M07 in the Moattama basin, offshore Myanmar.

The PSC award is subject to finalisation of terms with the MOE; and Tap will hold a 35.625% interest with Roc Oil Company Limited (ASX:ROC) operating the licence on behalf of its Joint Venture (JV) participants.

The block award includes provisions for the JV to undertake an 18 month Environmental Impact Assessment and Study Period, following which it has an option to proceed into a three year exploration work programme.

Block M07

The 13,000 square kilometre Block is located in the gas and condensate prone Moattama basin, offshore Myanmar. The Block is 160 kilometres East of the 6.5 Tcf Yadana gas field, and 110 kilometres North East of the 1.5 Tcf Zawtika gas field.M07 area.

The Moattama basin is Myanmar’s most prolific offshore hydrocarbon province, with existing production from two offshore fields and a third field close to production commencement.Production is typically from stacked Miocene clastic reservoirs.

Source: Tap Oil Limited

L&T bags Rs.1,550-cr Oman road project.

Engineering and construction giant Larsen & Toubro (L&T) has won a Rs.. 1,550 crore road project in Oman, the company said recently. "The Transportation Infrastructure Business of L&T has bagged a prestigious international order worth Rs. 1,550 crore from the Ministry of Transport and Communications, Sultanate of Oman, for the construction of a road between Bidbid-Sur Section," it said in a statement. The scope of L&T's works involve widening of the existing 76 km two-lane road into three-lane dual carriageway, the construction of 10 arch type interchanges, 5 two-cell vehicular underpasses, 7 single-cell pedestrian underpasses and 15 km of linked and service roads along the stretch, it said. The project is scheduled to be completed in 38 months. When completed, it will transform the existing single-lane carriageway into an international-class, all-weather motorway, on which vehicles can be driven at a speed of 120 km per hour, it added. Commenting on the contract, Member of the L&T Board and Senior EVP, Infrastructure and Construction S N Subrahmanyan said: �This order augers well for L&T�s business expansion plans in the infrastructure space in the GCC markets. "L&T has been making significant strides in the transportation infrastructure sector both in the International and domestic markets through our well-established capabilities in design, engineering and project execution with top class quality and safety standards," he added. Larsen & Toubro is a $ 14 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.

L&T bags Rs.1,550-cr Oman road project.

Engineering and construction giant Larsen & Toubro (L&T) has won a Rs.. 1,550 crore road project in Oman, the company said recently. "The Transportation Infrastructure Business of L&T has bagged a prestigious international order worth Rs. 1,550 crore from the Ministry of Transport and Communications, Sultanate of Oman, for the construction of a road between Bidbid-Sur Section," it said in a statement. The scope of L&T's works involve widening of the existing 76 km two-lane road into three-lane dual carriageway, the construction of 10 arch type interchanges, 5 two-cell vehicular underpasses, 7 single-cell pedestrian underpasses and 15 km of linked and service roads along the stretch, it said. The project is scheduled to be completed in 38 months. When completed, it will transform the existing single-lane carriageway into an international-class, all-weather motorway, on which vehicles can be driven at a speed of 120 km per hour, it added. Commenting on the contract, Member of the L&T Board and Senior EVP, Infrastructure and Construction S N Subrahmanyan said: �This order augers well for L&T�s business expansion plans in the infrastructure space in the GCC markets. "L&T has been making significant strides in the transportation infrastructure sector both in the International and domestic markets through our well-established capabilities in design, engineering and project execution with top class quality and safety standards," he added. Larsen & Toubro is a $ 14 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.

L&T bags Rs. 3,655-crore order in Qatar.

The Transportation Infrastructure business of L&T Construction has received a Rs. 3,655 crore order (2.187 billion Qatari Riyal) from Ashghal (the Public Works Authority) of Qatar, for design and construction of Al Wakrah Bypass Road. The work involves construction of 11 km road consisting of 10 lanes and four future lane sections with additional collectors/distributor roads, frontage roads and ramps. The freeway will provide access to the existing and planned developments via five major interchanges comprising 20 bridges, besides 13 bicycle overpasses, eight vehicular underpasses, three pedestrian bridges and 736m and 32m wide vehicular tunnel. The contract includes utility works for potable water, treated sewer effluent, drainage, electrical, intelligent transportation system, irrigation and landscaping. The project is to be completed in 32 months. SN Subrahmanyan, Senior Executive Vice-President (Infrastructure & Construction), L&T, said: "This is the company's single largest road order in the international market and is an important turning point in our plans of growing the company's business in the Middle East region."

TCS bags multi-million deal from GDF Suez.

Tata Consultancy Services (TCS), announced that it has won a multi-million, multi-year deal from GDF Suez, a global leader in the energy sector. The financial details of the deal was not disclosed. This is the first landmark deal won by its new integrated entity which, emerging through its acquisition of Alti S.A in July 2013. The engagement will pan across France, Belgium, and the Netherlands to rationalise and standardise CRM and billing applications. Kumar Narayanan, Director & Country Head, TCS France said, "This is a first landmark deal, which reinforces the tremendous synergies between TCS' global capabilities and the local talent base as well as knowledge we have secured through our acquisition of Alti S.A. The integrated capabilities allow us to provide a more comprehensive set of services and solutions to help our clients in Europe make their businesses more competitive."

Tata Steel sells Mumbai land for Rs. 1,155 crore to Oberoi Realty.

Steel major Tata Steel Ltd. recently sold its 25-acre Borivali land parcel in Mumbai for Rs. 1,155 crore to Oberoi Realty Ltd. through e-auction. "The Committee of Independent Directors appointed for the oversight and governance of the sale process by the Tata Steel board recently declared Oberoi Realty Ltd. as the highest bidder of the auction on the basis of their final bid of Rs. 1,155 crore, after several rounds of bidding," the steel giant said in a statement. Tata Steel had launched the bid-cum-auction process for sale of the land parcel on 18 December last year through public advertisements.

NHPC declares commercial operations at unit 1 & 2 of Parbati III HE Project.

NHPC has announced that consequent upon successful trial run of Unit # 1 & Unit # 2 of Parbati -III HE Project (4 X 130 MW), Himachal Pradesh, the project is declared under commercial operation with effect from 00:00 hrs on 24 March 2014. BS

BHEL hits Rs. 3,000-crore order jackpot.

Power equipment PSU Bharat Heavy Electricals Ltd. has secured an order valued at Rs. 3,000 crore for the supply of 2x800 MW steam generators (boilers) with supercritical parameters for a power project in Odisha. The order was given by NTPC Ltd. for its power project coming up at Darlipali in Odisha, BHEL said in a communication to the stock exchanges. The company said that that the latest order has put the total orders that BHEL had received for supercritical boilers of 660 MW, 700 MW and 800 MW ratings to 32 sets, establishing its premier position in supercritical technology. The contract involves design, engineering, supply and commissioning of the steam generators and associated auxiliaries. The key equipment would be produced at BHEL's Tiruchi, Ranipet, Bhopal, Hyderabad and Bangalore plants and its Power Sector - Southern Region would be responsible for civil works and erection / commissioning of the plant. BHEL said that with a view to meeting the demand growth it has hiked its manufacturing capacity to 20,000 MW per year. HBL

McDermott awarded subsea contract in Brazil

Friday, Mar 21, 2014

McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that one of its subsidiaries has entered into an agreement with Petrobras for the supply of its subseaLay Vessel North Ocean 105 (“LV105”). This contract is included in McDermott’s first quarter 2014 backlog.

The LV105 will carry out deepwater umbilical and flexible pipe installation in the pre-salt region and Campos Basin area offshore Brazil. Expected to commence during the third quarter of 2014, the term of the charter is approximately 200 days, with an option to extend.

“This new contract award highlights Petrobras’ ongoing confidence in McDermott to deliver leading subsea installation solutions,” said Tony Duncan, Executive Vice President, Subsea. “The charter also supports our vessel utilization targets as during the second half of 2014 McDermott will have three deepwater vessels on charter to Petrobras.”

Source: McDermott

Philippine Department of Energy - approval to commence oil production service contract 44 (100%), onshore Cebu, Philippines

Thursday, Mar 20, 2014

Gas2Grid Limited is pleased to advise that it has just received written approval from the Philippine Department of Energy ("DOE") to commence the Malolos-1 extended oil production. The operations will commence as soon as the crew and equipment have been mobilized to the site with likely initial oil production commencing in April.

This testing is being carried out in order to confirm the commerciality of the Malolos Oil Field. The DOE had previously extended Service Contract 44 ("SC 44") for a 12 month period starting on the 29 January, 2014 in order to conduct the tests.

The extended oil production testing program aims to gather sufficient technical information to confirm commerciality of the Malolos Oil Field to justify the Department of Energy awarding a 25 year production period leading to full field appraisal and development. Proving commercial production at Malolos Oil Field will have a very significant impact on the value of the Company and will benefit the Philippine economy.

On the 29th January, 2014 the Company reported a "Contingent Resource" of oil in the two productive sandstones for the Malolos Oil Field between a "Low Estimate" (1C) of 6.8 million barrelsand a "High Estimate" (3C) of 68.1 million barrels, with a "Best Estimate" (2C) of 20.4 million barrels of "Total Oil Initially in Place". This Contingent Resource is in addition to the Unrisked Prospective Resources released to the ASX on the 29th January, 2014.

The large size of contingent and prospective resources justifies further exploration within SC 44. In that respect, the Company is continuing discussions with interested parties for funding the complete appraisal and development work (seismic acquisition, production well drilling and production facilities) at the Malolos Oil Field and additional exploration prospects by a farmout of part of its 100% interest in Service Contract 44. In view of the time frame available to the Company for SC 44, it will also consider sole funding some of the work early should farmin terms and agreements take undue time to finalise. The Company is funding the extended oil production testing from existing cash reserves which were raised last year.

Source: Gas2Grid Limited

OPENING KUWAIT PETROLEUM CORPORATION (KPC) SUBSIDIARIES COMPANIES 2014 : 13 Positions

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Urgently needs qualified personnel complying:
- SR. ENG : PIPING DESIGN
- SR. ENG : CIVIL DESIGN
- SR. ENG : STATIC EQUIPMENT DESIGN
- SR. ENG : ROTATING EQUIPMENT DESIGN
- SR. ENG : ELECTRICAL DESIGN
- SR. ENG : INSTRUMENT DESIGN
- SR. ENG : CIVIL CONSTRUCTION
- SR. ENG : MECH. CONSTRUCTION
- ENGINEER (A) : HVAC DESIGN
- Sr JOB ANALYST EVALUATION
- ENG. (A) MANUFACTURING EXCELLENCE (MOG)
- ENG DRILLING
- CONTRACT ADVISOR

Shah Deniz awards further key Stage 2 contracts

Thursday, Mar 20, 2014

The Shah Deniz and South Caucasus Pipeline consortia are pleased to announce that they are moving forward at pace with the awards of key contracts for the development of the Shah Deniz Stage 2 and South Caucasus Pipeline Expansion (SCPX) projects. The contracts, covering both project management services and construction, follow the final investment decisions announced on 17 December 2013. The contract awards underpin the schedule for project delivery and complement the progress being made across multiple areas of this major development.

Since the beginning of 2014 a number of key Stage 2 contracts have been awarded following on from three major contracts which were announced in December 2013:

1. The $528 million contract for the construction and commissioning support of the SCPX project facilities in Georgia has been awarded to the Bechtel Enka joint venture which is comprised of Bechtel International Inc. and ENKA İnşaat ve Sanayi A.Ş.. The scope of work under this contract includes construction of a 16km access road, two 120 megawatt compressor stations and a pressure reduction and metering station. Completion is expected in 2018.

2. The contract for pipeline and facilities engineering and project management services for the SCPX project has been awarded to Chicago Bridge & Iron UK Limited (CB&I). The value of this contract is $174 million and completion expected in 2018.

3. The contract for the initial phase of the subsea and pipeline engineering and project management services, amounting to $57 million, has been awarded to Wood Group Kenny Limited (WGK).

4. The contract for engineering, procurement and construction of the offshore platform living quarters has been awarded to Apply Emtunga. The $32 million contract should be completed in 2017.  Assembly and commissioning of the living quarters will be carried out at the ATA fabrication yard in Bibi-Heybat near Baku where topsides units of the platforms will be constructed using local resources.

5. The $26 million contract for horizontal directional drilling and line pipe installation for five river crossings of the SCPX project has been awarded to DrillTec GmbH. Completion is expected in 2016.

6. The contract for shaft and tunnel construction and line pipe installation for the two river crossings of the SCPX project (one in Azerbaijan and one in Georgia) has been awarded to CSM Bessac. This $24 million contract is expected to complete in 2017.

“We are very pleased to announce these contracts”, said Gordon Birrell, Regional President for Azerbaijan, Georgia and Turkey of BP, the operator of the Shah Deniz project. “They underpin the tremendous progress that has been made since our final investment decision was taken in December. The timely award of the contracts, and the quality of the companies that will be working with us on Shah Deniz and SCP, give us confidence that these important projects can be delivered on time and on budget, allowing first gas in late 2018.  Developments of this scale require close partnerships between multiple companies, and we look forward to working closely with all these companies over the next few years.”

These contract awards complement progress across the Southern Corridor projects. Offshore, the Istiglal drilling rig has completed drilling the latest well in the northern part of the field, meaning that five production wells have now been drilled. An upgrade and recertification programme has been successfully completed on the Heydar Aliyev rig, which has now returned to drilling activities in the western part of the field. These two rigs will remain working on the Shah Deniz field to deliver all the wells required to ramp production up to the planned plateau level of 16 billion cubic metres per year.

Additionally, the first consignments of steel for fabrication of the platform jackets arrived in Baku in December 2013, and on 22 February 2014 the first steel for fabrication of the platform decks arrived at the ATA fabrication yard in Bibi-Heybat near Baku. The $974 million contract for fabrication, load out and offshore hook-up and commissioning of the topsides units of the two Stage 2 platforms is being undertaken by the AMEC-Tekfen-Azfen (ATA) consortium which is comprised of AMEC MMC, Tekfen Insaat ve Tesisat A.S. and Azfen joint venture.

Source: BP

KEC International wins Rs. 1,200 cr orders.

KEC International, an infrastructure company belonging to RPG group, has secured orders worth Rs. 1,200 crore in its business of Power Transmission, Power Systems, Cables and railways, according to a company filing with the stock exchanges. About Rs. 590 crore of this is from two projects involving the building of transmission lines and substations in Afghanisthan. HBL

Indian Oil plans to build Rs. 30,000 crore refinery at Mundra.

State-owned Indian Oil Corp (IOC) is mulling setting up a Rs. 30,000 crore refinery at Mundra in Gujarat as part of a plan to increase its processing capacity to 100 million tonnes. IOC has seven refineries with a total capacity of 54.2 million tonnes and subsidiary Chennai Petroleum Corp operates a 11.5 million tonne plant. A coastal refinery would enable IOC to ship in larger quantities of heavier grades of crude oil, which are cheaper because they are more difficult to process into fuels. "We want to set up a coastal refinery on the west coast. We have been hunting for land for a 15 million ton a year refinery and now have two sites - the Mundra port of the Adanis and another minor port in Maharashtra," a senior IOC official said. ET

EPC company Recruitment 2014 : 14 Positions

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Looking for a suitably qualified :
1. HSE Manager
2. Senior General Administration 
3. Piping Engineer
4. Civil Engineer
5. Planning Engineer
6. Tankage Engineer
7. Project Control
8. Instrumentation Engineer
9. Electrical Engineer
10.Plant & Machinery Engineer
11.QA/QC Engineer
12.Material Control Engineer/Officer
13.Welding Engineer / Sr. Superintendent
14.Fabrication Supervisor

Foster Wheeler Awarded FEED Contracts by S-OIL Corporation for Residue Upgrading Project in South Korea

Wednesday, Mar 12, 2014

Foster Wheeler AG (Nasdaq:FWLT) announced today that subsidiaries of its Global Engineering and Construction Group have been awarded contracts by S-OIL Corporationfor the front-end engineering design (FEED) for a residue upgrading project at S-OIL’sOnsan refinery in Ulsan, South Korea.

The Foster Wheeler contract values were not disclosed and will be included in the company’s first-quarter 2014 bookings.

The upgrade of the refinery includes the addition of a residue hydrodesulfurization unit, a residue fluid catalytic cracker and multiple downstream upgrading units to enable the refinery to produce more higher value products and, in particular, maximize production of polymer-grade propylene.

In addition to executing the FEED, Foster Wheeler will also prepare the tender for the engineering, procurement and construction (EPC) phase, procure long-lead items, evaluate the EPC bids, and prepare a cost estimate to support S-OIL’s final investment decision.

“This award illustrates our strategy to deploy our global network of operations, with our execution centers working together to support our clients through the entire lifecycle of their planned investments,” said Roberto Penno, chief executive officer, Foster Wheeler Global Engineering & Construction Group. “Foster Wheeler’s Business Solutions Group in Reading, UK, performed the pre-FEED, and our execution centers in the UK andThailand will now work together on the FEED to support S-OIL in the development of this major upgrade project at S-OIL’s world-scale refinery.”

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, minerals and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is inReading, United Kingdom.

Source: www.fwc.com.

SPML bags Rs. 721 cr order; sees Rs. 1.8k cr topline in FY15.

Infrastructure development company SPML has received two new orders worth Rs. 721 crore. It bagged an order worth Rs. 590 crore from Bhavnagar Irrigation Project Division, Gujarat, and another Rs. 130 crore order from South Bihar Power Distribution Company, Patna, said Rishabh Sethi, ED, SPML. The company's total order book currently stands at around Rs. 6000 crore. Its order inflow in FY14 stood at Rs. 3500 crore, Sethi said. The company is currently focusing on water and power sectors, he added. Most of these orders have a 3-4 years horizon. Sethi said revenue inflow from these projects will begin in FY15-16 and go on till FY18. He is expecting a topline of Rs. 1,800 crore in FY15. www.moneycontrol.com

SAIL, KIOCL to form Rs. 450-cr JV for coke oven battery.

SAIL and KIOCL, two PSUs under the Steel Ministry, are set to ink a joint venture partnership for setting up a three lakh tonne coke oven battery and a captive power plant at an estimated investment of Rs. 450 crore in Karnataka. Sources close to the development said the facility would be a win-win proposition for both Steel Authority of India and KIOCL, formerly known as Kudremukh Iron Ore Company. "The coke oven battery will help KIOCL to run its blast furnace viably on stand-alone basis and would act as a backward integration project. SAIL's Bhadrvati unit also needs coke," the source said. Coking coal is converted into coke in ovens. The future of SAIL's loss-making Visvesvaraya Iron and Steel Plant at Bhadravati can change its prospects with better and assured availability of coke, a raw material for steel making. The proposed shareholding of the project is yet to be arrived at. Ditto for the off-take agreement and details of estimated investment of Rs. 425 crore. BS

Mumbai airport plans Rs. 1,600-crore upgrade.

A metro link improving access to the terminals, expansion of the new T2 terminal, a new taxiway and a tunnel under the runway for airside (the area within an airport's passport, Customs control and security checks) vehicular movement are being planned in the second phase of the modernisation of the airport. The total cost for these upgrades, to be completed between financial years 2016 and 2019, is pegged at Rs. 1,600 crore, including interest cost and the pre-operative expense of Rs. 341 crore. Executives at the Mumbai International Airport Ltd. (MIAL) outlined the development plans recently and will form an Airport Users Consultative Committee comprising airlines, the Airport Authority of India and other stakeholders. BS

NHDC’s Reva thermal power project may not happen soon

NHDC‘s 2X660 MW thermal power project is unlikely to materialize in the near future due to non availability of the coal linkage. NHDC had applied for coal linkage in June 2009 but the project does not find place in the Ministry of Coal’s list of allotment of coal blocks for power projects commencing during 12th five year plan. According to sources in NHDC, there is no possibility of getting coal linkage for the said project at least in the foreseeable future.

NHDC, as a consequence of this development, has decided to foreclose the contract of consultancy services of NTPC for preparation of DPR and technical specifications for site specific studies for 1,320 MW Reva TPP.

Reva TPP is coming up in Khandwa district of Madhya Pradesh. The project envisages construction of two units of 660 MW each. The total project cost has been estimated at Rs. 6,600 crore. Both units of the project are scheduled to be commissioned within the 13th five year Plan period.

750 MW grid connected solar PV projects selected under first batch of JNNSM phase II

The Solar Energy Corporation of India has released the list of the 750 MW grid connected solar Photo Voltaic projects  selected under batch I of the second phase of Jawaharlal Nehru National Solar Mission.

In October last year, the SECI, which is the agency designated for implementing the grid connected solar power projects, issued the Request for Selection document in accordance with the guidelines of the Ministry of New and Renewable Energy.

The bidding process for selection of projects under batch I of the second phase of JNNSM was divided into two parts – Part A (375 MW) and Part B (375 MW). In case of Part A, the conditions of Domestic Content Requirement were applicable. Under DCR, the solar cells and modules to be used in the solar power plant should have been made in India. Part B, on the other hand, was kept open and the conditions of DCR did not apply. Bidders were allowed to apply for projects under either of the two parts or both. The total capacity of solar PV projects that could be allocated to a company including its parent, affiliate or ultimate parent or any group company had been capped at 100 MW, out of the total capacity of 750 MW.

The bidders submitted 36 projects with capacity of 700 MW under the part to which the conditions of DCR applied and 86 projects with capacity of 1,470 MW under the open part. The number of projects submitted under the two parts combined totaled 122 aggregating 2,170 MW.

The bids were opened in January this year.

Following techno-commercial examination of the bids received, a total of 22 projects for allocation of 375 MW capacity were selected under the DCR category (Part A). For all the projects, except one, the project capacity allocated was the same as that sought by the bidder. In case of the project submitted by Welspun Renewables Energy Limited, the capacity allocated was 5 MW instead of the 20 MW as per the bid submitted. The bidder had sought VGF of Rs. 245,60,000 per MW.

Details provided by the SECI regarding the selected projects under the DCR category reveal that the capacity allocation ranged between 5 MW and 50 MW. The VGF sought by the bidders of the selected projects varied between Rs. 135,00,000 per MW and Rs. 245,60,000 per MW. The highest capacity allocation of 50 MW was made to the project submitted by Waaree Energies Private Limited. The bidder had sought VGF of 235,00,000 per MW.

Under the open category (Part B), a total of 25 projects were selected for allocation of 375 MW capacity. Again, for all the projects, except one, the capacity allocated was the same as that sought by the bidder. The project submitted by Sunil Hitech Engineers Limited was allocated 5 MW capacity instead of the 10 MW as per the bid submitted. The bidder had sought VGF of Rs. 135,00,000 per MW.

The capacity allocated to the projects under the open category ranged between 5 MW and 40 MW. The VGF sought by the bidders of the selected projects varied between Rs. 17,50,000 per MW and Rs.135,00,000 per MW. The highest capacity allocation of 40 MW was made to the project submitted by Azure Power India Private Limited. The bidder had sought VGF of Rs. 130,00,000 per MW.

Earlier, the MNRE decided to implement batch I of the second phase of JNNSM under a VGF scheme. As per the scheme, the successful solar power developers, based on their bids, would be provided VGF equivalent to 30 percent of the project cost or Rs. 2.5 crore per MW, whichever was lower. The developer’s own equity would have to be at least Rs.1.5 crore per MW. The SECI would enter into Power Purchase Agreement with the successful solar power developers for a period of 25 years from the date of commissioning. The tariff to be paid to the developers had been fixed at Rs.5.45 per kWh. Where benefit of accelerated depreciation was availed for a project, the tariff would get reduced to Rs.4.75 per kWh. The tariffs would remain fixed for the entire period of PPA.

Technip wins Jangkrik subsea package in Indonesia

Friday, Mar 07, 2014

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been awarded a major⁽¹⁾ subsea contract by Eni Muara Bakau B.V. (Eni) the Operator of the Muara Bakau PSC, for the Jangkrik project located in the Muara Bakau PSC working area, approximately 70 kilometers off the coast of Makassar Strait, Indonesia, at water depth ranging from 200 to 430 meters.

Technip will also carry out the installation of 51 kilometers of umbilicals, five manifolds and seven SSIV⁽²⁾ subsea structures and associated flying leads. Finally, the project also includes the engineering, procurement and construction of an onshore receiving facility including pig traps, metering systems and utilities.

The project is scheduled to be completed in the first quarter of 2017.

The flexible pipes will be manufactured at Technip’s Asiaflex Products plant in Tanjung Langsat, Johor, Malaysia. Technip’s S-Lay and heavy-lift vessel, G1201 and its multipurpose installation and construction vessel, the Deep Orient, will be used for the installation.

Source: Businesss Wire

Oil and Gas Company Recruitment 2014 : 17 Positions

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At the moment they are looking for high qualified candidate for:
- Construction Engineering Superintendent
- Engineering Manager
- Head of Engineering
- Hook Up Manager/Superintendent/Offshore Construction Engineer
- HSE Manager
- Lead Instrument Engineer
- Senior/Lead Mechanical Engineer
- Lead Piping Engineer
- Lead Structural Engineer
- Planning Manager
- Precomm Manager
- Process Engineer
- Procurement Project Manager
- Project Engineer
- Project Manager – Offshore
- QC Manager
- Welding Inspector

TAQA to acquire two hydro plants in India

March 3, 2014

A consortium led by TAQA, the international energy and water company from Abu Dhabi plans to acquire two hydropower plants in India, making the UAE company the largest private operator of hydroelectric plants in India.

“The agreement follows the signing of the UAE-India Bilateral Investment Promotion and Protection Agreement in December 2013 and a commitment made by the UAE to invest $2 billion in India’s infrastructure sector at the first UAE-India High Level Joint Task Force on Investments meeting held in Abu Dhabi in February 2013,” a company release said.

The consortium agreed to purchase the Baspa Stage II and Karcham Wangtoo plants in Himachal Pradesh, from Jaiprakash Power Ventures Ltd, a subsidiary of Indian infrastructure conglomerate Jaypee Group.

TAQA, which holds a 51 per cent stake in the consortium, will have control of operations and management of both facilities under the proposed deal. The remaining equity will be held by one of Canada’s largest institutional investors (39 per cent) and IDFC Alternatives’ India Infrastructure Fund II (10 per cent).

The equity invested by the consortium in the acquisition of the two hydroelectric plants will amount to approximately Rs. 3,820 crore ($616 million), of which 51 per cent is from TAQA. The consortium will also acquire the assets’ non-recourse project debt.

The acquisition is expected to close in 2014 and is subject to regulatory and third-party approvals.

“India’s economic growth depends on having ample and reliable energy supply. TAQA is pleased to add these two high quality hydro power assets to our growing India business and to support India’s economic growth,” said Frank Perez, Executive Officer and Head of Global Power & Water, TAQA.

The two plants have a combined power generation capacity of 1,391 MW. Both plants are located in Kinnaur district of Himachal Pradesh within 2 km of each other and share support facilities. They use run-of-river technology to convert natural water flow to electricity, eliminating the need for a reservoir. The plants are 35 km from the Sorang hydroelectric plant, in which TAQA acquired a stake last year.

Following the completion of the transaction, TAQA’s gross operational power generation capacity in India will total 1,741 MW comprising three hydroelectric facilities and one lignite power plant.

At present, TAQA owns and operates a 250-MW lignite-fired power plant and adjoining open-cast lignite mine located in Neyveli, Tamil Nadu. The facility began full commercial operations in December 2002 and is operated by TAQA. TAQA sells the entire capacity of the Neyveli plant to TANGEDCO, the state-owned utility, under a 30-year PPA. TAQA is also responsible for the operation and maintenance of the plant and related facilities.

TAQA also has an interest in Himachal Sorang Power Ltd, the developer of a 100-MW hydropower plant in Himachal Pradesh. TAQA holds a majority stake in the joint venture. The plant, which is expected to begin operations in 2013-2014, will be powered by Sorang Khad, a river originating in the Himalayas. It will supply electricity to the northern states.

Oil PSUs to promote renewable energy projects

March 4, 2014

A Memorandum of Understanding was recently signed between the Ministry of New and Renewable Energy and Ministry of Petroleum and Natural Gas for enhancing energy security along with clean energy development through investments in solar, wind and other renewable energy projects.

As per the MoU, two Special Purpose Vehicles will be set up with the objective of promoting deployment of technologies that supplement conventional fossil fuel based power generation, giving boost to development of large scale grid connected renewable energy projects and implementation of off-grid applications.

The first SPV is going to focus on installation of large scale grid connected power generation plants based on renewable energy. Oil and Natural Gas Corporation will be the lead partner in the SPV along with equity participation from Oil India Limited, GAIL, Engineers India Limited and PSUs under MNRE – Solar Energy Corporation of India and Indian Renewable Energy Development Agency.

The second SPV is aimed at setting up renewable energy off-grid projects using advanced technologies and market based business solutions to promote access to the energy deficient population. Oil marketing company, Indian Oil Corporation Limited will be the lead partner in the SPV along with equity from Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited. SECI and IREDA will also have representation.

The two SPVs are expected to leverage the strength of oil and gas companies in promoting renewable energy projects. They will function independently like commercial organizations but at the same time utilize various promotional schemes of MNRE and state governments for the purpose.

EIL has been assigned the task of preparing the feasibility report within three months after which the SPVs will be incorporated.

HCC bags Rs. 903 crore order.

Infrastructure firm Hindustan Construction Company (HCC) in a joint venture with GVPR Engineers Ltd., has been awarded a contract worth Rs. 903.83 crore from Karnataka Neeravari Nigam Limited. The contract is for diversion of flood water from Sakleshpura (West) to Kolar/Chikkaballapur (East) under Yettinahole Diversion Project-Package-4. HCC's share in the joint venture is 50%. The project will be completed in 36 months.

BHEL wins Rs. 7,900-cr order.

State-owned power equipment maker BHEL has bagged a contract worth Rs. 7,900 crore related to 1,980 MW thermal power project in Jharkhand. The contract, won through international competitive bidding, is for NTPC's 1,980 MW North Karanpura super thermal power project. The plant will have three units, each having a generation capacity of 660 MW. The EPC (Engineering Procurement and Construction) order is valued at Rs. 7,900 crore, BHEL said in a statement today. According to the company, the work involves design, engineering, manufacture, supply, construction, erection, testing and commissioning for the EPC package. The key equipment for the contract will be manufactured at BHEL's Tiruchi, Haridwar, Bhopal, Ranipet, Hyderabad, Jhansi and Bangalore plants. The company said: "The order reinforces BHEL's leadership status in the execution of supercritical thermal power projects involving supply of hi-tech equipment, suited to Indian coal and Indian conditions. "With this contract, BHEL has now won orders for supply and installation of 32 supercritical boilers and 27 turbines of 660 MW, 700 MW and 800 MW ratings." HBL

LATEST MECHANICAL ENGINEERING INVENTION NEWS UPDATE

Artificial muscle made of fishing line is 100 times stronger than yours!

By taking simple sewing thread and fishing wire and giving it a twist, scientists have created artificial muscle that's 100 times stronger than human or animal sinew. The invention, described in the journal Science, could be useful for prosthetic limbs, humanoid robots, implanted medical devices and even wearable clothing. This wouldn't be the first artificial muscle out there: there are carbon nanotube yarns and metal wires, but they're often expensive or store relatively low amounts of energy compared to their competitors, scientists said.

These new high-strength polymer fibers, made out of cheap, everyday materials that cost about $5 per kilogram, draw their strength from their geometry. In experiments led out of the University of Texas at Dallas in Richardson, scientists took these thin fibers that were just a few hundred micrometers long and twisted them until they began to coil. (You can see this same effect yourself if you take a rubber band and twist it until it starts to collapse into larger loops.) As it coils, the twisted fiber cable becomes shorter and thicker, and then the researchers heat-treated it to make it set. The scientists found that if they made the fiber coil in the same direction as the twist, the fiber cable would contract. If the fiber was forced to coil in the opposite direction of its twist, the fiber cable would expand.

When they applied an energy source to the fibers-typically heat-the scientists got different versions of their artificial muscle fibers to contract by 49 percent. or to expand by 67 percent. They even produce 7.1 horsepower per kilogram, about the same power as a jet engine (when scaled down for size). And the fibers can last through millions of these cycles, making them very durable, reusable devices.

"Despite their small diameter, the fibers can be indefinitely long and used in large structures," Jinkai Yuan and. Philippe Poulin, scientists from the. University of Bordeaux in France who. were not involved in the paper, wrote in a commentary.

The scientists think this could be useful for a number of applications that need muscle fibers , whether getting the. faces of humanoid robots to move with more human-like expressions or getting prosthetic limbs better muscle. They could be used to automatically open and shut blinds in response to the outside climate. The researchers already have created a textile with pores that expand and contract in response to heat-which could lead the way to adaptable, breathable clothing.

Source: Phys Org
Posted by: James Hamilton.

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