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18 Nov 2022
OFS weekly project news wrap
Saipem (SPM:BIT), 0 | Saipem S.p.A. (SPM:MIL), 0 | Vallourec (VK:EPA), 0 | Vallourec SA (VK:PAR), 0 | CGG (CGG:EPA), 0 | Viridien (VIRI:PAR), 0 | SBM Offshore NV (SBMO:AMS), 0 | TechnipFMC PLC (FTI:NYSE), 0 | TechnipFMC plc (FTI:NYS), 0 | SUBSEA 7 (SUBC:STO), 0 | Subsea 7 S.A. (SUBC:OSL), 0 | Petrofac Limited (PFC:LON), 3.8 | Gaztransport & Technigaz (GTT:EPA), 0 | Gaztransport & Technigaz SA (GTT:PAR), 0 | AKER SOLUTIONS (AKSO:STO), 0 | Aker Solutions ASA (AKSO:OSL), 0 | Technip Energies NV (TE:PAR), 0

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OFS weekly project news wrap
Saipem (SPM:BIT), 0 | Saipem S.p.A. (SPM:MIL), 0 | Vallourec (VK:EPA), 0 | Vallourec SA (VK:PAR), 0 | CGG (CGG:EPA), 0 | Viridien (VIRI:PAR), 0 | SBM Offshore NV (SBMO:AMS), 0 | TechnipFMC PLC (FTI:NYSE), 0 | TechnipFMC plc (FTI:NYS), 0 | SUBSEA 7 (SUBC:STO), 0 | Subsea 7 S.A. (SUBC:OSL), 0 | Petrofac Limited (PFC:LON), 3.8 | Gaztransport & Technigaz (GTT:EPA), 0 | Gaztransport & Technigaz SA (GTT:PAR), 0 | AKER SOLUTIONS (AKSO:STO), 0 | Aker Solutions ASA (AKSO:OSL), 0 | Technip Energies NV (TE:PAR), 0
- Published:
18 Nov 2022 -
Author:
Thomson Daniel DT -
Pages:
5 -
Petrobras'' FPSO push continues, bid processes in the Middle East and Africa advance
It''s been a busy week in terms of project news flow across the globe. In Brazil, Petrobras is preparing to launch tenders for another three FPSOs in 2H23 to revitalise operations in the Campos and Santos basins. In Saudi Arabia, Aramco has reportedly received bids for as many as eight offshore workscopes from its list of LTA contractors, while Upstream reports that Aramco awarded Saipem with a brownfield contract this week. Prequalification for Libya''s $3bn Mellitah complex expansion (including Structures A and E) is complete, with bidding invitations to be issued in the coming months, meanwhile Iraq''s BOC has issued invitations to bid for a $1bn offshore oil export infrastructure project (relevant for Saipem). In West Africa, UTM offshore has signed a FEED contract with a consortium including Technip Energies for Nigeria''s first FLNG unit, while TotalEnergies is edging closer to FID on its Preowei tie-back project. Elsewhere, Eni has reportedly selected Saipem as lead contractor to provide an FLNG vessel offshore Congo, with Wison the main subcontractor.
Awards announcements and FIDs - $16bn in downstream spend sanctioned this week
Subsea 7 and Aker Solutions have announced separate awards this morning relating to BP''s Cypre gas project offshore Trinidad and Tobago and for Equinor''s Johan Sverdrup (maintenance and modification works) respectively; meanwhile Saipem this week announced $800m in Offshore Drilling contracts in the Middle East and Africa, further pivoting the backlog towards offshore end markets. In Downstream, we saw two major FIDs this week - the first by QatarEnergy and CPChem with the sanction of the $8.5bn Golden Triangle Polymers Plant in the US (relevant for TE), and the second relating to Saudi Aramco''s $7bn investment into the Shaheen integrated refinery and petrochemical complex in South Korea.
We hosted Technip Energies'' CEO Arnaud Pieton at...