Vattenfall Picks LICengineering for Danish Offshore Wind Projects

first_imgVattenfall has selected Danish design and consultancy company LICengineering to provide design solutions for the Kriegers Flak offshore wind farm and the Vesterhav Nord and Vesterhav Syd nearshore wind farms off Denmark.LICengineering will provide Vattenfall with FEED, conceptual design and detailed design of secondary steel and interfaces to primary steel, electrical works and WTG supplier requirements for the 600MW Kriegers Flak offshore wind project.The company will also will carry out similar engineering operations on the two nearshore wind projects, Vesterhav Nord and Vesterhav Syd, with a combined capacity of 350MW.The contract is part of a framework agreement signed between the two companies earlier this year which entails provision of services within design of secondary and tertiary structures, and electrical outfitting on offshore foundations.The Kriegers Flak wind farm will be located approximately 15km east of the Danish coast in the southern part of the Baltic Sea, close to the boundaries of the exclusive offshore economic zones (EEZ) of Sweden, Germany and Denmark. The wind farm is expected to be commissioned by 2021.Vattenfall secured the rights to build Vesterhav Nord and Vesterhav Syd in September 2016 with the lowest bid of DKK 0.475/kWh (around EUR 0.064 per kWh).The Swedish energy company plans to start building the two wind farms in 2019, with the full commissioning scheduled for 2020.last_img read more

ADNOC Dishes Out $3.6B in Deals

first_imgThe 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.last_img read more

Randy Abbey backs World Cup budget for Black Stars campaign in Brazil

first_imgFormer Spokesperson and currently an Executive Committee Member of the Ghana FA, Randy Abbey thinks the approved 9.8 million dollar budget by government for the Black Stars is just right for the team’s campaign in Brazil.The experience football administrator believes as far as the FA has not commented on the budget as at now, Ghanaians should respect their decision and allow the team to stay focus  and prepare for the competition and not to derail their focus on the Mundial.“It was alleged that 20 million dollars was the initial proposed budget which was circulating in the public domain but since the government has finally come out with the amount I think that is it! We therefore have to respect the decision taken by the government since the FA has not raised eye brows over the budget.“Again the 50 people FIFA will take care of means that if  the delegation’s budget exceeds FIFA’s budget then it means that there should be an extra  budget for those expenses. FIFA takes care of tickets, accommodations and meals and therefore you must try as much as possible to live within”. Abbey explained to JOY Sports The Black Stars are expected to spend about half of the total budget during the group phase of the World Cup with the remaining estimated for the knockout stage. Reports in the local media suggests the 9.8million dollar for the Black Stars, would not be enough for the GFA’s activities for the World Cup.last_img read more