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more news at www.heavyliftpfi.comNEWS ROUND-UPCAPITAL PROJECTS & CONTRACTS OIL & GAS NEWS


Shell Offshore to invest in Vito field


Shell Offshore has made a positive final investment decision (FID) regarding Vito, a deepwater development in the US Gulf of Mexico. Vito is expected to reach peak production of approximately 100,000 barrels of oil equivalent (boe) per day.


Sunshine project Formosa Petrochemical Corp (FPC) is moving forward with its previously announced plan to build a USD9.4 billion ethane cracking and petrochemical complex in St James Parish, Louisiana, USA.


pipe contract Saipem has been contracted to provide engineering, construction, offshore installation and


commissioning works for a new crude transmission line in the Middle East Gulf. The contract was awarded by Aramco Gulf Operations Company (AGOC) and Kuwait Gulf Oil Company (KGOC), jointly operating as Al Khafji Joint Operations (KJO).


modernisation Petrojam is moving ahead with the expansion and modernisation of its 36,000 barrels per day (bpd) hydroskimming refinery in Kingston, Jamaica. Plans are now under way for the installation of a new vacuum distillation unit (VDU) as part of the first phase of the refinery’s upgrade.


Tortue/Ahmeyim FEED TechnipFMC has been awarded a FEED contract by BP for the FPSO unit for the Tortue/Ahmeyim field development, a major LNG project located offshore on the maritime border of Mauritania and Senegal.


64 May/June 2018 TechnipFMC inks Kingston refinery Saipem wins Gulf FPC moves on with


Gorgon project given go ahead C


OIL & GAS


McDermott-CB&I merger approved


The approval by shareholders in May of a USD6 billion merger between McDermott International and Chicago Bridge and Iron (CB&I) has resulted in Subsea 7


withdrawing its takeover offer for the former company.


Iraq inks Al Faw


refinery deal Iraq has signed an agreement with two Chinese companies, PowerChina and Norinco, for the construction of the 300,000 barrels per day Al Faw refinery in the Basrah region. The project is estimated to cost USD3 billion.


wins Canada job Fluor’s joint venture partnership with JGC was selected as the EPC contractor for LNG Canada’s proposed export facility in Kitimat, British Columbia. The facility will initially consist of two LNG processing units, each with the capacity to produce at least 6.5 million tonnes per annum of LNG per


Fluor venture


hevron and its partners have been given the green light to proceed with the second stage of the Gorgon gas project in


Western Australia. The project developers have committed to invest approximately USD5.1 billion and will drill 11 new wells in the Gorgon and Jansz-Io offshore gasfields.


Drilling is expected to start next year, with the full expansion predicted to take a total of four years. Offshore pipelines and subsea structures to pipe the gas to the nearby LNG plant on Barrow Island will also be developed.


Exxon to decide on Far East LNG


Reports suggest that ExxonMobil could make a final investment decision (FID) during early 2019 on its 6 million tonne per annum, USD15 billion Far East LNG project developed jointly with Rosneft.


train. The project includes the option to expand to four trains in the future.


wells this year India’s Oil and Natural Gas Corporation (ONGC) plans to invest USD2.6 billion to drill 535 oil and gas wells between April 2018 and March 2019. The programme includes 24 deepwater development wells in


ONGC plans 535


the KG-DWN-98/2 project and 30 coal-bed methane wells.


BP and Socar


ink PSA SOCAR and BP have signed a new production sharing agreement (PSA) for the joint exploration and development of Block D230 in the North Absheron basin in the Azerbaijan sector of the Caspian Sea.


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