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Foster Wheeler wins FEED contract for StatoilHydro project in Norway
MARKET PROSPECTS
Pump Company Index ABS Wastewater 10 Aker Solutions Alfa Laval Ampco-Pittsburgh Andritz APE Armstrong Baker Hughes BHEL Bjørge Blackmer CAL Cardo Colfax CP Pumpen Crane Curtiss-Wright Dasher DESMI DMW Dover Ebara Energy Recovery Flowserve FLSmidth Franklin Electric Gardner Denver GE Gévelot GIW GLV Gorman-Rupp Graco Grundfos GUD Holdings Hamilton Sundstrand Hamworthy Hitachi Hydraulic Institute Hyundai Heavy Industries Idex Imo Ingersoll Rand Interpump ITT ITT Industrial Process Iwaki America John Wood Group Kirloskar Brothers KSB Kubota Layne Christensen Leistritz Little Giant Mather + Platt South Africa Met-Pro Metso Milton Roy National-Oilwell Varco Peerless Pump Pentair Pentair Water Pfeiffer Vacuum PSV Holdings PSV Services PSV Zambia Robbins & Myers Roper Industries Roto Schlumberger Shakti SKF Spectra Warermaker Spirax Sarco SPX Sulzer Tapflo Teikoku Electric Torishima Tsurumi Umzantsi United Technologies Voith Hydro Voith Siemens Hydro Wastecorp Watson Marlow Weatherford Weir Wilo Wood Group WPIL
2
Pump Industry Analyst
14 14,15 15 14,15 1,6 12 15 15 7,14,15 11 12 14,15 7,10,12,15 12 8,15 8,15 1,6 16 15 15 12,14,15,16 15 10,11,15,16 14,15 12 15 13,15 15 11 15 14,15 15 10 9,15 11 13,15 14 11 15 15 11 10,13,15 14 10,12,13,15 11 11 15 15 14,15 5,15 15 11 12 1,6 11,15 14,15 11 15 11,12 14,15 11 14,15 1,6 1,6 1,6 11,15 15 15 15 15 14,15 14 15 15 13,14,15 12 15 15 15 1,6 15 13 13 12 12 15 9,14,15 13,14 14,15 15
OIL & GAS
Fluor’s Kuwaiti refinery contract cancelled
F
luor Corp has received notification from Kuwait National Petroleum Co (KNPC) to stop work on the utilities and offsites for the al-Zour refinery in Kuwait. Fluor has approximately 300 employees performing engineering work on the project. The remaining US$2.1 billion contract value will be removed from the company’s backlog in the first quarter.
Foster Wheeler wins FEED contract for StatoilHydro project in Norway
F
oster Wheeler Energy Ltd has selected StatoilHydro ASA to undertake the front-end engineering design (FEED) for the carbon dioxide (CO2)/amine project at the Åsgard B offshore production facilities in the Norwegian Sea. Åsgard B is a semi-submersible production vessel which processes and exports gas and produced condensate from the Smørbukk and Midgard reservoirs in the Norwegian Sea. Foster Wheeler’s scope of work includes the FEED for debottlenecking of the existing amine unit and procurement services for longlead items. The overall objective is to obtain maximum absorption of CO2 at Åsgard B through implementation of the proposed modifications during 2009 and 2010.
BP maintains capital expenditure levels
B
P plans to keep this year’s capital spend broadly in line with 2008, at US$20 billion–US$21 billion, with lower spending in Refining & Marketing and Alternative Energy and maintaining investment in Exploration & Production. BP says that from existing projects, it now expects to grow production to 2013. With year-end 2008 reserves of 18.2 billion barrels
and a resource base of 43.4 billion barrels, this growth could be maintained until 2020 without any further discoveries. BP added 1.7 billion barrels of new oil and gas to its reserves base in 2008, a replacement ratio of 121%, excluding acquisitions and divestments. At a total of 61.6 billion barrels of oil equivalent, BP’s combined reserves and nonproved resources are sufficient for 43 years of production at the same rates as 2008.
Aker Solutions awarded Norwegian Kollsnes contract
A
ker Solutions has secured a NKr1.5 billion engineering, procurement and construction (EPC) contract to modify and develop the gas plant at Kollsnes on the west coast of Norway. The plant processes natural gas from the Troll, Kvitebjørn and Visund fields in the North Sea. Engineering and procurement will start immediately, and the work will be completed by the end of December 2011. The fabrication work will be carried out at Aker Solutions’ Stord yard, while the engineering and procurement will take place in Oslo. Most of the fabrication work at Stord and all the installation work at Kollsnes will be performed in 2010 and 2011. The Kollsnes gas plant is owned by the Gassled Joint Venture and operated by Gassco, with StatoilHydro as technical service provider. For further information about sourcing and potential subcontracts for this project, visit www. akersolutions.com/Internet/SuppliersCentre/ Contacts/SupplyManagementContacts.htm
BP awards major FEED contract to KBR
U
nder a contract awarded by BP, on behalf of Azerbaijan International Oil Co, KBR is to provide front-end engineering and design (FEED) services for the Chirag Oil Project located in the Azerbaijan sector of the Caspian Sea. KBR will provide FEED and procurement support services for a single, large drilling platform that ties into the existing AzeriChirag-Gunashli (ACG) oil field development infrastructure.
March 2009
Pump Company Index ABS Wastewater 10 Aker Solutions Alfa Laval Ampco-Pittsburgh Andritz APE Armstrong Baker Hughes BHEL Bjørge Blackmer CAL Cardo Colfax CP Pumpen Crane Curtiss-Wright Dasher DESMI DMW Dover Ebara Energy Recovery Flowserve FLSmidth Franklin Electric Gardner Denver GE Gévelot GIW GLV Gorman-Rupp Graco Grundfos GUD Holdings Hamilton Sundstrand Hamworthy Hitachi Hydraulic Institute Hyundai Heavy Industries Idex Imo Ingersoll Rand Interpump ITT ITT Industrial Process Iwaki America John Wood Group Kirloskar Brothers KSB Kubota Layne Christensen Leistritz Little Giant Mather + Platt South Africa Met-Pro Metso Milton Roy National-Oilwell Varco Peerless Pump Pentair Pentair Water Pfeiffer Vacuum PSV Holdings PSV Services PSV Zambia Robbins & Myers Roper Industries Roto Schlumberger Shakti SKF Spectra Warermaker Spirax Sarco SPX Sulzer Tapflo Teikoku Electric Torishima Tsurumi Umzantsi United Technologies Voith Hydro Voith Siemens Hydro Wastecorp Watson Marlow Weatherford Weir Wilo Wood Group WPIL
2
Pump Industry Analyst
14 14,15 15 14,15 1,6 12 15 15 7,14,15 11 12 14,15 7,10,12,15 12 8,15 8,15 1,6 16 15 15 12,14,15,16 15 10,11,15,16 14,15 12 15 13,15 15 11 15 14,15 15 10 9,15 11 13,15 14 11 15 15 11 10,13,15 14 10,12,13,15 11 11 15 15 14,15 5,15 15 11 12 1,6 11,15 14,15 11 15 11,12 14,15 11 14,15 1,6 1,6 1,6 11,15 15 15 15 15 14,15 14 15 15 13,14,15 12 15 15 15 1,6 15 13 13 12 12 15 9,14,15 13,14 14,15 15
OIL & GAS
Fluor’s Kuwaiti refinery contract cancelled
F
luor Corp has received notification from Kuwait National Petroleum Co (KNPC) to stop work on the utilities and offsites for the al-Zour refinery in Kuwait. Fluor has approximately 300 employees performing engineering work on the project. The remaining US$2.1 billion contract value will be removed from the company’s backlog in the first quarter.
Foster Wheeler wins FEED contract for StatoilHydro project in Norway
F
oster Wheeler Energy Ltd has selected StatoilHydro ASA to undertake the front-end engineering design (FEED) for the carbon dioxide (CO2)/amine project at the Åsgard B offshore production facilities in the Norwegian Sea. Åsgard B is a semi-submersible production vessel which processes and exports gas and produced condensate from the Smørbukk and Midgard reservoirs in the Norwegian Sea. Foster Wheeler’s scope of work includes the FEED for debottlenecking of the existing amine unit and procurement services for longlead items. The overall objective is to obtain maximum absorption of CO2 at Åsgard B through implementation of the proposed modifications during 2009 and 2010.
BP maintains capital expenditure levels
B
P plans to keep this year’s capital spend broadly in line with 2008, at US$20 billion–US$21 billion, with lower spending in Refining & Marketing and Alternative Energy and maintaining investment in Exploration & Production. BP says that from existing projects, it now expects to grow production to 2013. With year-end 2008 reserves of 18.2 billion barrels
and a resource base of 43.4 billion barrels, this growth could be maintained until 2020 without any further discoveries. BP added 1.7 billion barrels of new oil and gas to its reserves base in 2008, a replacement ratio of 121%, excluding acquisitions and divestments. At a total of 61.6 billion barrels of oil equivalent, BP’s combined reserves and nonproved resources are sufficient for 43 years of production at the same rates as 2008.
Aker Solutions awarded Norwegian Kollsnes contract
A
ker Solutions has secured a NKr1.5 billion engineering, procurement and construction (EPC) contract to modify and develop the gas plant at Kollsnes on the west coast of Norway. The plant processes natural gas from the Troll, Kvitebjørn and Visund fields in the North Sea. Engineering and procurement will start immediately, and the work will be completed by the end of December 2011. The fabrication work will be carried out at Aker Solutions’ Stord yard, while the engineering and procurement will take place in Oslo. Most of the fabrication work at Stord and all the installation work at Kollsnes will be performed in 2010 and 2011. The Kollsnes gas plant is owned by the Gassled Joint Venture and operated by Gassco, with StatoilHydro as technical service provider. For further information about sourcing and potential subcontracts for this project, visit www. akersolutions.com/Internet/SuppliersCentre/ Contacts/SupplyManagementContacts.htm
BP awards major FEED contract to KBR
U
nder a contract awarded by BP, on behalf of Azerbaijan International Oil Co, KBR is to provide front-end engineering and design (FEED) services for the Chirag Oil Project located in the Azerbaijan sector of the Caspian Sea. KBR will provide FEED and procurement support services for a single, large drilling platform that ties into the existing AzeriChirag-Gunashli (ACG) oil field development infrastructure.
March 2009