Interesting engineering news and general interest to get you through the week. » Latest Engineering News » Mining, Oil & GasMining, Oil & Gas Where would we be without the benefits that mining, oil and gas have provided us. This is an important sector, providing energy to keep our society going.
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Clipped to the Drawing Board by David Singh
HOUSTON - FMC Technologies, Inc. announced today that it has signed a five-year agreement with ConocoPhillips Scandinavia AS for the supply of subsea equipment and services for a water injection development in the Ekofisk field. The development is a replacement of the existing Ekofisk 2/4 W injection platform at the southern part of the Ekofisk Complex.
The contract, valued at approximately $120 million, includes the project management, engineering, procurement, manufacture and delivery of subsea equipment and offshore support services for eight subsea trees. The contract also has an option for an additional seven subsea trees and future provisions for up to a total of fifty subsea trees.
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Wednesday 2 July, 2008 08:37 AM |
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Clipped to the Drawing Board by Barot Casha
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London and Cairo - Ulf Henriksson, Chief Executive Officer of Invensys plc, visited Cairo today to finalise a joint venture between Invensys Process Systems (IPS), ENPPI and GASCO that will train hundreds of Egyptian engineers and establish Egypt’s first Industrial Automation Engineering Centre of Excellence. The joint venture will play a significant role in the modernisation of the Egyptian petroleum industry, helping Egypt increase refinery utilization, maximise productivity and minimise maintenance costs.
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Tuesday 1 July, 2008 12:37 AM |
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Clipped to the Drawing Board by Administrator
THE good times are back for the North East’s offshore industry as Karen McLauchlan reports.
TEN years ago, the region’s offshore industry was hanging by a thread and the future looked desperate. Order books were empty, yards were closing and hundreds of workers faced joining the dole queue.
Today, the picture could not be more different with the sector “transformed” in the last decade, according to industry leaders.
New projects are up and running, securing new investment and creating new jobs.
While the sector is thriving globally – so are developments closer to home.
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Saturday 28 June, 2008 08:32 AM |
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Clipped to the Drawing Board by George Tan
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The Zondagsfontein coal project , a joint venture (JV) between coal-mining companies Anglo Coal South Africa, Anglo Inyosi Coal (AIC) and BHP Billiton Energy Coal South Africa (Becsa), represents the first major growth project for AIC, a black economic-empowerment company created last year as part of Anglo Coal’s second wave of empowerment.
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Saturday 28 June, 2008 12:50 AM |
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Clipped to the Drawing Board by Ali Hamoud
Al Rushaid Group and Zeeco signed a Joint Venture agreement to build an original equipment manufacturer (OEM) facility for Flare Technologies utilizing Saudi Aramco's patented High Pressure Air Assist System, HPAAS.
This technology was developed by Saudi Aramco's engineer Mazen Mashour and supported by personnel from Saud Aramco's Project Management, Southern Area Oil Operations, and New Business Development.
The technology will enable companies like Saudi Aramco to better operate in an environmentally sound and ecologically sustainable manner.
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Friday 27 June, 2008 10:08 AM |
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Clipped to the Drawing Board by Administrator
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Oil talk by anyone not associated with serious knowledge of offshore oil work can be amusing, at best. Mr Bush saying the opening of offshore waters will ease gasoline prices is dreamy.
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Wednesday 25 June, 2008 08:48 PM |
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Clipped to the Drawing Board by Sean
Eike Batista sits in the boardroom of his mining company, MMX Mineracao e Metalicos SA, overlooking Rio de Janeiro's Sugarloaf Mountain, a vitamin cocktail dripping into his left arm to stave off aging.
The intravenous bag is hanging on the pole of the green, yellow and blue Brazilian flag that stands next to the 51-year-old multibillionaire. Batista's focus isn't on the drip but on a deluge of decisions, including how to seal a $5.5 billion sale of two iron ore mines to London-based Anglo American Plc, according to Paulo Gouvea, an MMX executive who was present that January evening.
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Tuesday 24 June, 2008 08:46 AM |
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Clipped to the Drawing Board by John William
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HOUSTON -- Soaring oil and gas prices may be a fiscal drag for much of the nation, but here in the self-styled energy capital of the world they are feeding an economic surge.
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Tuesday 24 June, 2008 06:59 AM |
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Clipped to the Drawing Board by Sean
LEYSHON Resources managing director Paul Atherley has confirmed the company is considering a Hong Kong listing to help fund development of the 70%-owned $US50 million Zheng Guang gold-zinc project in northern China and to try to take advantage of the precipitous share price multiples Chinese investors are assigning to producing gold companies.
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Tuesday 24 June, 2008 04:44 AM |
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Clipped to the Drawing Board by Sean
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Metso has signed an agreement with GE Energy to acquire GE's Lachine Main Plant, a heavy fabrication and machining facility located near Montreal, province of Quebec, Canada. The transaction is expected to close in mid-August. The parties have agreed not to disclose the financial terms. The acquired assets will be integrated into Metso Minerals' Mining business line.
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Tuesday 24 June, 2008 12:43 AM |
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Clipped to the Drawing Board by Susan Decker
The fallout is continuing from a major gas pipeline explosion on June 3 at Varanus Island, 100 kilometres off the north-west coast of Australia. The state of Western Australia has lost one-third of its gas supplies, shutting down or dislocating a range of industries and throwing thousands out of work.
Despite the crisis entering its third week, the state Labor government of Premier Alan Carpenter and the company that runs the gas plant, US energy giant Apache Energy, have still offered no explanation as to what caused the explosion.
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Monday 23 June, 2008 10:41 PM |
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Clipped to the Drawing Board by Administrator
BEIJING - The Ministry of Finance said late Friday it allocated another 3.78 billion yuan (548 million U.S. dollars) in subsidies to help low-income families against the latest fuel price hikes announced a day earlier.
Of the total, 1.85 billion yuan will go to urban low-income families, and the rest will be offered to such families in rural areas, the ministry said.
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Sunday 22 June, 2008 06:07 PM |
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Clipped to the Drawing Board by Yan Chu
A local manufacturer of steel products for the mining industry, VR Steel, has expanded its footprint inter-nationally with the establishment of VRC Mining Equipment, a China-based company that will make dragline buckets, hydraulic and rope-shovel buckets and truck bodies for the East Asia and Pacific regions.
VRC Mining Equipment is a partnership between VR Steel and Connaught Engineer-ing (CE), a manufacturing and engineering company based in Hong Kong. VR Steel has a 66,67% stake in VRC Mining Equipment.
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Saturday 21 June, 2008 04:33 AM |
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Clipped to the Drawing Board by Administrator
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New Brunswick's energy exports account for 57% of the Canadian province's overall exports, and this percentage is set to grow thanks to several recent developments. A new terminal being built by Canaport LNG; a proposed second refinery to be built by Irving Oil; and the proposed construction of a second reactor at Point Lepreau Generating Station, along with ongoing refurbishment of the existing reactor will all help the province become one of North America's leading energy exporters.
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Friday 20 June, 2008 02:23 PM |
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Clipped to the Drawing Board by Administrator
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An engineering expert has claimed corrosion is a common factor in gas pipeline explosions, as Apache Energy refused to discuss pictures which purportedly show that the damaged pipe metal was as thin as a “matchstick”.
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Friday 20 June, 2008 10:21 AM |
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Clipped to the Drawing Board by Barot Casha
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As President Bush calls for repealing a ban on drilling off most of the coast of the United States, a shortage of ships used for deep-water offshore drilling promises to impede any rapid turnaround in oil exploration and supply.
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Friday 20 June, 2008 12:13 AM |
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Clipped to the Drawing Board by Pat Sheen
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High oil prices may spell the death knell for major new additions to global gold reserves , according to one of Australia's foremost equities analysts. Addressing the 2008 Paydirt Gold Conference in Perth, Western Australia, earlier this year, corporate analyst and equities market author, Peter Strachan, said oil-reliance could hamper future growth in gold production volumes.
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Tuesday 17 June, 2008 02:46 PM |
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Clipped to the Drawing Board by Barot Casha
Wartsila North America Inc. began detailed engineering and manufacturing on a 163 MWe gas-fired power plant for Pacific Gas and Electric Co. (PG&E). Plant construction could begin later this year and be completed in the fall of 2009. Construction cost is estimated at $250 million, or around $1,500/kW. Coming to PG&E: A Wartsila 18V50DF dual-fuel engine.
In April 2006 Wartsila was selected to deliver the power plant to PG&E. The project has been subject to the approval of the California Public Utility Commission and environmental permits issued by the California Energy Commission. All approvals have now been received.
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Monday 16 June, 2008 10:18 PM |
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Clipped to the Drawing Board by John William
How animal droppings are being used to overcome the threat of polluted mine waters and save lives in the poorest parts of the world.
You heard it here first: llama dung lies at the heart of one of the more unusual solutions to a worldwide pollution problem – an idea dreamt up by Prof Paul Younger at Newcastle University.
Younger and the research team he first established in 1992 are now renowned for pioneering community-based projects to remedy water pollution in abandoned mines and similar industrial and post-industrial sites, using ecologically friendly methods.
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Monday 16 June, 2008 02:04 PM |
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Clipped to the Drawing Board by Dave Ellery
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When BP (BP) announced on June 10 that its massive Thunder Horse offshore oil and gas production facility would ease into operation June 14, the milestone came both ahead and woefully behind schedule.
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Monday 16 June, 2008 12:02 PM |
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Clipped to the Drawing Board by Rose Shah
New Delhi: State-owned Bharat Heavy Electricals Ltd (Bhel) is close to receiving an order for 50 onshore oil rigs from West Asia, expected to be worth around Rs5,000 crore and the firm’s first significant win in a business where it sees significant opportunity—oil exploration and production.
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Friday 13 June, 2008 04:01 AM |
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