news Aegion Q1 revenues ahead 35%
Aegion Corporation reported a 35.5% increase in revenues for the first quarter of 2014, up to $306.2m due largely to the first contribution from its Brinderson oil and gas service group acquisition. The company also, however,
reported gains in its Commer- cial and Structural and Waste and Waste Water business
units totalling $5m. However, its Energy and Mining division was slightly impacted by decreased sales in in its industrial lining activities and a slowdown in Canadian pipeline construction and US pipe coating. The Energy and Mining division had an order backlog of $416m at the end of March,
$217m attributed to the Brinderson business unit. Total group order backlog stands at £749m.
Aegion has recently secured a number of high value contracts. In March, the City of Baltimore in the US awarded it a $10m contract covering the application of Insituform CIPP linings to around seven miles
of small and medium diameter wastewater pipelines. In late April, the company’s
Corrpro subsidiary won a $6.6m contract to provide engineering and cathodic protection services for 700 onshore well casings in the Dukhan oilfield in Qatar by Qatar Kentz. ❙
www.aegion.com
❙ Developers of the Donlin Gold project in Alaska, Barrick Gold and Nova Gold, have filed for a right of way for a 315-mile natural gas pipeline that will run from Cook Inlet to the mining site at Crooked Creek, according to a report in the Anchorage Daily News.
www.donlingold.com
news in brief Saipem contracted to build the first South Stream pipeline
Saipem has won the contract to build the first of the four South Stream offshore pipelines designed to carry gas
from Russia to Bulgaria beneath the Black Sea. The contract, valued at
around €2bn, includes design
and installation of the subsea pipeline plus the shallow water sections, shore crossings, landfall and associated facilities for all four pipelines. Construction will com-
mence at the end of 2014 and is expected to continue to the third quarter of 2015.
❙ Canadian crude oil exports by rail increased by 83% in the final quarter of 2013, compared to the same period in 2012, according to data from the country’s National Energy Board (NEB). Volume exports were up from 1.16m m3
in Q4 2012 to 2.14m m3
Q4 2013.
www.neb-one.gc.ca
❙ Europipe has placed an order worth around $50m with Bredero Shaw for concrete weight coating of Line 1 of the South Stream Offshore Pipeline that will run beneath the Black Sea between Russia and Bulgaria. The contract, will be carried out at Leith in Scotland. ❙
www.europipe.com
4 in
The pipeline will be laid by Saipem 7000 (pictured), the company’s state-of-the-art J-Lay vessel for ultra-deep water applications, and Castore Sei. Parts of the South Stream pipeline will be laid at depths of 2,200m, according to Saipem. ❙
www.saipem.com
Bredero Shaw to coat SCP Extension
ShawCor’s Bredero Shaw pipe coating division has won a $70m contract from BP Exploration (Shah Deniz) on behalf of the South Caucasus Pipeline Company for coating the South Caucasus Pipeline (SCP) Expansion. The contract involves
PIPELINE COATING | May 2014
coating approximately 491km of predominately 48-inch pipe with a three-layer polyethylene (3LPE) external anti-corrosion coating and applying internal flow coatings. Coating work is expected to commence in 2014 and be completed in late 2015, said the company.
The SCP Expansion Project
is intended to expand the capacity of the existing SCP system to accommodate additional gas throughput from the Shah Deniz Stage 2 development in the Azerbaijan sector of the Caspian Sea. ❙
www.brederoshaw.com
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