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CAPITAL PROJECTS & CONTRACTSNEWS ROUND-UP more news at www.heavyliftpfi.com POWER NEWS


Shell ups green spending Shell is aiming to double its investment in clean technology to about USD4 billion a year. Wind power will play a major part in the company’s plans for Europe and the USA in particular, but Shell will also consider developments in China, India, Taiwan and Japan.


Petrofac’s Oman contract Petrofac has been awarded a contract worth around USD115 million for the development of the Qarn Alam co-generation project, located 350 km southwest of Muscat, Oman.


Hitachi buys grid business Hitachiwill acquire 80.1 percent of ABB’spower grid business for EUR5.5 billion (USD6.3 billion), with an option to purchase the remaining stake.


Russian wind farm FID Fortumand Rusnano have taken a final investment decision (FID) on a 100 MW wind farm in Russia.


Greater Sunrise LNG project fate in doubt


T


he fate of the Greater Sunrise LNG project in Timor-Leste hangs in the balance after two of the main investors pulled out, selling their


respective equity to the country’s government. In October 2018, ConocoPhillips agreed to sell


its 30 percent stake in the project and equity in the associated offshore upstream Timorese and Australian blocks to the government of Timor-Leste for USD350million.


Russian work Siemens Gamesa Renewable Energy (SGRE) has won a contract from Enel for wind turbines that will be installed at the 201 MW Kola wind farm in Murmansk, Russia.


SGRE secures A month later, November, Shell said that it


would sell its 26.56 percent share in the project for USD300million. About 20 percent of the field’s reserves lie within the Joint Petroleum Development Area (JPDA) with Australia. The deals give Timor-Leste much greater


control of the scheme, which could allow it to push through plans that ensure the LNG plant is built on its territory rather than in Australia.


Wärtsilä wins


dual-fuel order Wärtsilä has been contracted to deliver a dual-fuel power plant to the Caribbean island of Aruba. The 102 MW plant has been ordered by the local utility, Water – En Energiebedrijf Aruba.


58


January/February 2019


www.heavyliftpfi.com


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