Bill Signing, Latest News Harrisburg, PA – Governor Wolf today signed the following:Act 66 (Klunk) – Amends the Bingo Law further providing for definitions, for rules for licensing and operation and for penalty.Act 67 (Saccone) – Amends Title 18 (Crimes and Offenses), in wiretapping and electronic surveillance, further providing for administrative subpoena.Act 68 (Topper) – Amends Titles 18 (Crimes & Offenses) & 23 (Domestic Relations), in offenses against the family, further providing for newborn protection; for taking child into protective custody; for reporting acceptance; & duties of department.Act 69 (Solomon) – Amends Title 51 (Military Affairs), in Department of Military and Veterans Affairs, providing for veterans registry.Act 70 (Fabrizio) – Amends the Health Care Facilities Act, in licensing of health care facilities, further providing for definitions; and abrogating regulations.Act 71 (Greiner) – Amends the Solicitation of Funds for Charitable Purposes Act further providing for registration of charitable organizations, financial reports, fees, and failure to file.Act 72 (Greiner) – Amends the Solicitation of Funds for Charitable Purposes Act further providing for registration of charitable organizations, financial reports, fees & failure to file, for counsel & contracts, for disclosure, bonds, records & books.Ac 73 (Masser) – Act designating many state routes, highways, exits, and bridges.Act 74 (Dawkins) – Act designating a bridge on that portion of State Route 1005, also known as Castor Avenue, over the Frankford Creek in the City of Philadelphia, as the Officer Gary Frank Skerski Memorial Bridge.Act 75 (Harris) – Amends the Liquor Code, in PLCB, for enforcement; in liquor, alcohol and malt & brewed beverages licenses & regs., for interlocking business prohibited, for breweries, for unlawful acts; and making related repeals.Act 76 (Vulakovich) – Amends Title 53 (Municipalities Generally), in parking authorities, providing for granting of interests and mixed-use projects for authorities in cities of the second class.Act 77 (Argall) – Amends Title 66 (Public Utilities), in general provisions, further providing for defs.; in contract carrier by motor vehicle & broker, further providing for declaration of policy; for unauthorized operation by carriers & brokers.Act 78 (Reschenthaler) – Amends Title 12 (Commerce & Trade) & 23 (Domestic Relations), in fraudulent transfers, providing for definitions, for defense, remedies, liability protection, uniformity of application; & jurisdiction over support orders.Act 79 (Yaw) – Amends the Achieving Better Care by Monitoring All Prescriptions Program ct, further providing for requirements.Act 80 (Martin) – Amends Title 75 (Vehicles), in powers of department and local authorities, further providing for specific powers of department and local authorities.Act 81 (White) – Amends Title 7 (Banks and Banking), in mortgage loan licensing and consumer protection, providing for defs, for conferred powers, for application for license, fees, requirements and promulgation of regulations to incorporate Fed regulations.Act 82 (Browne) – Act authorizing DGS, with Governor approval, to grant to TCA Properties L.P., certain lands in Allentown; and, with DMVA & Governor approval, to grant, at a price determined through bid process, buildings in the Borough of Kane. Governor Wolf Acts on Legislation SHARE Email Facebook Twitter December 22, 2017
The Abu Dhabi National Oil Company (ADNOC) has awarded multi-billion-dollar contracts for the procurement of casing and tubing as it drives value through its smart approach to procurement.The combined scope of the three contracts awarded is one of the world’s largest in this category, maximizing value for ADNOC across its drilling value chain and underpinning its strategy to deliver a more profitable upstream business.The contracts – which were awarded to Consolidated Suppliers Establishment, representing Tenaris; Abu Dhabi Oilfield Services Company, representing Vallourec; and Habshan Trading Company, representing Marubeni – have a combined scope of AED 13.2 billion ($3.6 billion) and the potential to achieve In-Country Value of over 50 percent.This includes more than AED 367 million ($100 million) in foreign direct investment, over the next five years, to establish a state-of-the-art oil country tubular goods (OCTG) threading plant and repair center, and a training academy in Abu Dhabi to enhance local expertise and generate value for the UAE.Under the terms of the contracts, the three companies will supply a combined total of 1 million metric tons of casing and tubing – which by comparison is equivalent to the distance from Abu Dhabi to Houston – over 5 years, to support ADNOC’s drilling activities.The award marks the first in a series of drilling-related procurement expenditures with an overall value of AED 55 billion ($15 billion) that ADNOC plans to make in the next five years and is part of its AED 486 billion five-year capital expenditure (CAPEX) approved by Abu Dhabi’s Supreme Petroleum Council (SPC) in November 2018. The other procurement categories – excluding this award – are Downhole Completion Equipment, Wellheads, and X-Mas Trees, Liner Hangers, Drilling Fluids, Directional Drilling, Cementing, and Wireline Logging.Abdulmunim Saif Al Kindy, ADNOC Upstream Executive Director, said: “The award of contracts with a combined scope that is one of the world’s largest for tubing and casing follows a highly competitive bid process. It underscores ADNOC’s optimization efforts to drive commerciality across our growing portfolio. In addition, it is testament to our targeted approach to engage with value-add partners to unlock value as well as enhance the performance and returns on our assets and capital.“These agreements will provide ADNOC with increased flexibility to proactively respond to the demands of the evolving energy landscape as we ramp up our drilling activities and deliver our 2030 strategy. They will also generate substantial In-Country Value and provide attractive foreign direct investment opportunities for the private sector, further demonstrating ADNOC’s commitment to creating sustainable value for the nation and its people, in line with the Leadership’s wise directives.”The contract awards followed a robust tendering process that included a rigorous assessment of how much of the contract value would support the growth and diversification of the UAE’s economy through ADNOC’s In-Country Value Program, which is aimed at nurturing new local and international partnerships and business opportunities, catalyzing socio-economic growth and creating job opportunities for UAE nationals.With more than AED 6.6 billion ($1.8 billion) value potential to flow back into the UAE’s economy, the awards will give significant stimulus to the country’s products and services and create additional skilled employment opportunities for UAE nationals.The combined scope of the awards is based on the forecasted requirement for casing and tubing across the ADNOC Group. The awards complement ADNOC’s substantial upstream growth plans and drive to deliver integrated drilling services as it plans to increase its conventional drilling by 40 percent by 2025 and substantially ramp up the number of its unconventional wells. This is part of its target to achieve 4 million barrels of oil production capacity per day (mmbpd) by the end of 2020 and 5 mmbpd by 2030.