news
Wah Seong wins $46m Pengerang contract
Wah Seong Corporation has won a contract worth around RM189m ($46m) from Penta-Ocean Construction to supply coated steel pipe piles for the Pengerang Deepwater Petroleum Terminal Project at Johor in Malaysia. The Pengerang Terminal
project includes construction of marine facilities and a jetty.
IEnova secures CEF project
The Mexican subsisidary of US-headquartered Sempra Energy – IEnova – has been awarded a natural gas transportation contract in Chihuahua by state electricity group CFE.
The $108m project com- prises a header facility with a capacity of 3.0 bcf/day of natural gas and a 14-mile pipeline. The pipeline will provide natural gas to the Norte III Combined Cycle Power Generation Plant and will interconnect with the Gasoductos de Chihuahua, Tarahumara and Samalayuca- Sásabe pipelines. It is expected to begin operation in 2017. “This award demonstrates
IEnova´s capacity and experience to generate value through our projects,” said Carlos Ruiz Sacristán, IEnova chairman and CEO. ❙
www.sempra.com ❙
www.ienova.com.mx
8 Gazprom plans to double capacity of Nord Stream
Gazprom and BASF commit to Nord Stream expansion
Gazprom and BASF have signed a letter of intent for an expansion of the Nord Stream pipeline. The project proposes an additional two strings in the subsea natural gas pipeline, which connects Russia with Germany under the Baltic Sea. It will provide an additional capacity of 55 bcm/year, taking total capacity to 110 bcm/year. “With due account of the growing demand of the European Union, the expanding gas infrastructure directly connecting Russian gas fields to European markets will further boost the reliability of gas supplies in Europe,” said Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee. Germany is the biggest European consumer of Russian gas,
taking a volume of 40.3 bcm in 2014. ❙
www.gazprom.com ❙
www.basf.com
PIPELINE COATING | September 2015
Wah Seong’s contract will be handled by its PPI Industries and Petro Pipe (Sabah) subsidiaries and is expected to be completed by Q3 2016. l Wah Seong reported a group revenue of RM2.4bn ($586m) for 2014, with its Wasco oil and gas division achieving a revenue of RM1.4bn ($342m). Group net profit was up 290%
to RM126m ($30m) and order book value amounted to RM1.2bn ($293m). The company said it is in
the process of tendering for new contracts worth in total between RM4bn and RM5bn ($0.98bn to $1.2bn), including projects in the North Sea, Gulf of Mexico and North Africa. ❙
www.wahseong.com
news in brief
❙ Exova has been awarded a new materials qualification testing services contract by Maersk Oil. The contract is an extension of the test work Exova has previously undertaken for the company on down-hole tubulars for the North Sea Culzean Field Development. In addition to bespoke materials testing, it will include two sets of electromechanical corrosion tests and a galvanically- induced hydrogen stress cracking programme.
www.exova.com www.maerskoil.com
❙ US oil exploration group First Titan Corporation said it is carrying out due diligence on a potential move into enhanced oil recovery (EOR) as a diversification of its business portfolio. The company says it sees the use of EOR as a “cost-effective way to competitively produce in the current price environ- ment.” It said implementing EOR on wells already in production is cheaper than new exploration, fracking, or developing shale deposits.
www.firsttitanenergy.com
❙ MarkWest Energy Partners and The Energy & Minerals Group are to develop a new, large-scale dry gas gathering system to expand their midstream position in the Utica Shale region in the US. The system will be designed to gather more than 2 bcf/day of gas from Utica’s dry gas window and could eventually comprise more than 250 miles of pipeline.
www.markwest.com
www.pipeline-coating.com
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