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1.

Subsea 7 firms up Julimar award as Woodside takes FID on project

UK subsea engineering company Subsea 7 has confirmed a substantial contract award by Woodside for the execution of phase 2 of the Julimar-Brunello Project located offshore Australia. Subsea 7 defines ......

  • United Kingdom
  • Administration & Marketing
  • 26 Dec 2019
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Description UK subsea engineering company Subsea 7 has confirmed a substantial contract award by Woodside for the execution of phase 2 of the Julimar-Brunello Project located offshore Australia. Subsea 7 defines a substantial contract as being between $150 million and $300 million. This contract was awarded to Subsea 7 earlier this year, subject to the final investment decision of the Julimar- Brunello joint venture participants (Woodside and KUFPEC), which has now occurred, Subsea 7 said on Thursday. The Julimar field is located approximately 200 km offshore North Western Australia. The full scope of work will be to design, procure, install and commission a 22 km 18? Corrosion Resistant Alloy (CRA) gas transmission flowline and an umbilical system. The offshore activities will be performed in 2021 using Subsea 7’s reel-lay and heavy construction vessels. Andy Woolgar, Subsea 7 Vice President Australia and New Zealand, said: “This contract with Woodside reflects what can be achieved with strong collaboration and early engagement. Our solution demonstrates the advantages of having a full range of installation and pipelay capabilities in Australia and illustrates how Subsea 7’s global technology portfolio allows us to deliver cost-effective solutions to our clients around the world.”
Industry Administration & Marketing
Source https://www.offshoreenergytoday.com/subsea-7-firms-up-julimar-award-with-woodside/
2.

McDermott Wins EPCI Contract from Saudi Aramco

McDermott International announced it has been awarded a contract by Saudi Aramco to provide engineering, procurement, construction and installation (EPCI) of a production deck module (PDM) in the Hasb ......

  • Saudi Arabia
  • Administration & Marketing
  • 21 Aug 2019
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Description McDermott International announced it has been awarded a contract by Saudi Aramco to provide engineering, procurement, construction and installation (EPCI) of a production deck module (PDM) in the Hasbah gas field with hook-up and modification works in Saudi Arabias Karan fields located offshore in the Arabian Gulf. McDermott said the contract is worth between $50 million and $250 million. The scope of work includes EPCI of Wellhead PDM for four wells, 6 kilometres of 16-inch corrosion resistant alloy (CRA) cladded flowline, 6.5 kilometres of subsea umbilical cable, offshore tie-ins to existing facilities and electrical modifications to existing PDMs. "This award is confirmation that the McDermott execution model we call the One McDermott Way gives clients confidence that we consistently deliver quality," said Linh Austin, Senior Vice President, Middle East and North Africa. Engineering of the project will be performed in Saudi Arabia and fabrication will take place at McDermotts Jebel Ali yard in the United Arab Emirates. Fabrication is expected to begin in the second quarter of 2020 and the contract award will be reflected in McDermotts third quarter 2019 backlog.
Industry Administration & Marketing
Source https://www.oedigital.com/news/469063-mcdermott-wins-epci-contract-from-saudi-aramco
3.

Saudi Aramco, Adnoc wins drive McDermott Mena to $399m in Q219

American contractor McDermott said its Q2 2019 revenues in the Middle East and North Africa (Mena), worth $399m, were buoyed by contributors such as Saudi Arabia’s Sasref and Saudi Aramco’s Safaniya P ......

  • Saudi Arabia
  • Administration & Marketing
  • 17 Aug 2019
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Description American contractor McDermott said its Q2 2019 revenues in the Middle East and North Africa (Mena), worth $399m, were buoyed by contributors such as Saudi Arabia’s Sasref and Saudi Aramco’s Safaniya Phases 5 and 6, Oman’s Liwa project, and Adnoc’s Crude Flexibility programme in Abu Dhabi, with the company’s operating income in the Mena region impacted “by transitioning from mature backlog to newer contracts”. In a statement, McDermott said it noted a “record-level order intake” during Q2 2019, resulting its highest backlog in the Mena region to date. Among McDermott’s new contract awards during the quarter were two megaprojects for Saudi Aramco located in the Marjan field. McDermott’s work at Safaniya Phase 5 continued with close-out activities, and substantial completion is expected in Q3 2019. Safaniya Phase 6 is also progressing, with fabrication of eight out of 11 decks and seven out of 10 jackets completed, with eight million man-hours noted on the scheme without a lost-time incident. The American company said its revenue opportunity pipeline – comprising backlog, bids and change orders outstanding, and target projects – at the end of Q2 2019 was valued at $90.2bn. McDermott said this opportunity pipeline was driven by its activities in the Mena; North Central, and South America; and Europe, Africa, Russia, and Caspian regions. Across all its business units, McDermott reported revenues of $2.1bn in Q2 2019, posting a net loss of $146m for the period. Excluding a $101m non-cash loss on the sale of its alloy piping products (APP) business, as well as restructuring, integration, and transaction costs of $31m, McDermott’s adjusted net loss for the second quarter of 2019 was $14m, and its adjusted operating income was $$71m. President and chief executive officer of McDermott, David Dickson, said the company had booked $1.5bn in engineering, procurement, and construction (EPC) contracts as a result of the front-end engineering design (Feed) work it had delivered since its combination with CB&I in May 2018. McDermott has booked more than $19bn in contract awards since combining with CB&I. Dickson added that McDermott’s Feed awards in H1 2019 were worth more than double all its Feed contracts in 2018, both in terms of man-hours and dollar-value. Commenting on McDermott’s financials, he continued: “Although the company reported mixed results for the second quarter of 2019, we are encouraged by the record-setting level of backlog and new awards. “We are also pleased with the visibility we have into expected 2020 revenues, of which $7.4bn was already in backlog as of the end of the second quarter of 2019. This is well above the $4.2bn of 2019 revenues we had in backlog this time last year. “Importantly, as of the end of the second quarter of 2019, legacy CB&I projects represented only about 14% of the current backlog. All the awards weve won since the combination were booked under McDermotts stringent risk management protocols,” Dickson added.
Industry Administration & Marketing
Source https://www.constructionweekonline.com/business/257420-saudi-aramco-adnoc-wins-drive-mcdermott-mena-to-399m-in-q219
4.

McDermott in Middle East EPCI deal worth at least $500 million

McDermott International has said it has been awarded a substantial contract award from a Middle East customer for engineering, procurement, construction and installation (EPCI) services in the Arabian ......

  • United States
  • Administration & Marketing
  • 09 Apr 2019
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Description McDermott International has said it has been awarded a substantial contract award from a Middle East customer for engineering, procurement, construction and installation (EPCI) services in the Arabian Gulf. McDermott said on Thursday that the value of the contact is between $500 million and $750 million but did not reveal the name of the client. The contract for new facilities includes the full suite of EPCI services for six new offshore jackets as well as three associated topsides. The project scope also includes eight kilometers (4.9 miles) of 28-inch corrosion resistant alloy cladded pipeline, two inter-platform bridges, eight kilometers (4.9 miles) of composite cables as well as brownfield works at the existing offshore facilities. The duration of the work is expected to be approximately 34 months and the contract award will be reflected in McDermott’s first quarter 2019 backlog. McDermott plans to use its engineering teams in the Middle East and Chennai, with fabrication primarily taking place at McDermott’s facilities in Batam, Indonesia. Vessels Emerald Sea, Derrick Barge 30, and Derrick Barge 50 from McDermott’s global fleet are scheduled to undertake the installation and completions work.
Industry Administration & Marketing
Source https://www.offshoreenergytoday.com/mcdermott-bags-epci-gig-in-arabian-gulf/
5.

TechnipFMC bags EPCI job on Petrobras Mero field

TechnipFMC has been awarded by Petrobras a large engineering, procurement, construction and installation (EPCI) contract for the Mero 1 pre-salt field, located in the Santos Basin, at 2,100 meters of ......

  • Brazil
  • Administration & Marketing
  • 28 Feb 2019
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Description TechnipFMC has been awarded by Petrobras a large engineering, procurement, construction and installation (EPCI) contract for the Mero 1 pre-salt field, located in the Santos Basin, at 2,100 meters of water depth offshore Brazil. The contract was awarded on behalf of the Libra Consortium, comprised of Petrobras, Shell, Total, CNOOC Limited, CNPC and Pré-Sal Petróleo (PPSA). For TechnipFMC, a large contract is between $500 million and $1 billion. TechnipFMC said on Wednesday that the contract covers engineering, procurement, construction of all rigid lines, as well as the installation and pre-commissioning of all the infield riser and flowline system for interconnecting 13 wells (6 production and 7 water alternate gas) to the FPSO. It also includes the installation of rigid pipelines (including corrosion resistant alloy and steel lazy wave risers), flexible risers and flowlines, steel tube umbilicals and other required subsea equipment. Arnaud Piéton, President Subsea at TechnipFMC, commented: “We are extremely honored to have been selected to execute this EPCI project for the Mero 1 pre-salt field in Brazil. We are looking forward to collaborating with the Libra Consortium in the development of this important project.” The company runs a global Subsea Technology Center, which focuses on subsea production systems and flexible pipes. TechnipFMC also operates a fleet of 8 specialized vessels based in Brazil, which includes the recently named Skandi Olinda, a Brazilian-built pipe lay support vessel. The Mero FPSO will be installed in on Mero field, located in the northwestern area of the Libra block, about 180 km off the coast of Rio de Janeiro, in the pre-salt of the Santos basin. The unit will be operated by Modec, the company responsible for the construction, and chartered for 22 years. Part of the construction will be carried out in Brazil. Namely, Modec recently awarded a contract to Brazil’s offshore construction specialist, the Estaleiros do Brasil Ltda. (EBR), for the fabrication and assembly of a number of topsides process modules for the Mero FPSO system, the FPSO Guanabara MV31.
Industry Administration & Marketing
Source https://www.offshoreenergytoday.com/technipfmc-bags-epci-job-on-petrobras-mero-field/
6.

GFG Alliance welcomes Dunkerque smelter as cornerstone for supply chain expansion in France

Sanjeev Gupta’s global GFG Alliance inaugurated Liberty Aluminium Dunkerque, as part of its global network of businesses and declared its intention to expand strongly into France’s industrial supply c ......

  • United Arab Emirates
  • Administration & Marketing
  • 19 Feb 2019
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Description Sanjeev Gupta’s global GFG Alliance inaugurated Liberty Aluminium Dunkerque, as part of its global network of businesses and declared its intention to expand strongly into France’s industrial supply chain. In the presence of the French Minister of Action and Public Accounts, Gérald Darmanin, Mr Gupta joined staff and up to 350 guests in Dunkerque to formally welcome Europe’s largest smelter, bought from Rio Tinto for around US$500m in December last year, into the GFG fold. GFG aims to make the 570-worker plant the hub of an extensive manufacturing supply chain providing materials and components for French industry, particularly the automotive sector. The site currently produces 285,000 tonnes of primary aluminium a year. In confirming this commitment, the British-owned business became one of the first to respond to President Emmanuel Macron’s call during the high-profile ‘Choose France Summit’ this week for more inward investment into the country. Mr Gupta, who was among over 100 international company chiefs at the President’s summit in Versailles, also announced today that Liberty Wheels France, already a major customer of the Dunkerque smelter, has won it first major contract since the London-headquartered Alliance took over the plant in May last year. From June, Liberty Wheels France will supply the specialist French micro-car manufacturer Ligier with up to around 40% of its annual requirement for alloy wheels. It is the first contract won since the Alliance acquired the facility, which is the only aluminium wheel manufacturer in France. The group has since implemented a turnaround plan to improve the plant’s efficiency and productivity. The Minister of Action and Public Accounts, Gérald Darmanin said: "I wanted to be here today for the inauguration of Liberty Aluminum because this is an important moment for the industrial renewal of Dunkirk and the Hauts-de-France region. The acquisition of this smelter by the GFG Alliance is also a strong symbol of the French economic attractiveness instilled by the Government. I salute the commitment of Mr. Sanjeev Gupta and his teams in this long-term industrial project. It testifies to their confidence in the exceptional know-how of the men and women who work in this foundry of Loon Plage." Speaking of the week’s events, Sanjeev Gupta said: “In a week where I joined other business leaders from around the world in Paris to celebrate France’s attractiveness to foreign investors, I am delighted to be able show two positive examples of why GFG invested here. “Firstly I am proud to welcome Liberty Aluminium Dunkerque to the GFG Alliance. Our aim is to make this site and the highly skilled women and men who work there, the cornerstone of our integrated industrial business in France. We will work with local management and staff to develop new products which create even more added-value to the aluminium produced there, both sustaining and creating high-value jobs. “We welcome our new colleagues in the knowledge and with pride that they will continue to supply our wheel manufacturing business who are themselves turning their own fortunes around. Together Liberty Aluminium Dunkerque and Liberty Wheels France symbolise our integrated supply chain and business model in action. What we now have is a further French car manufacturer being supplied with wheels ‘made in France’ made out of aluminium from our smelter also ‘made in France’. This is the best reminder, if we ever needed one, of why we chose to invest in France”. Managing Director of Liberty Aluminium Dunkerque, Guillaume de Goÿs, said: “Aluminium Dunkerque is very pleased to see the Liberty flag flying at our site. We are eager to play our role within the French supply chain, to support our customers and partners and through doing so, to become known as a Centre of Excellence for Aluminium. We have an ambitious programme to maximise the value of the aluminium we currently produce and to become a preferred supplier to the automotive and other growing industries in France. We’re looking forward to making that journey shoulder to shoulder with our Alliance partners and colleagues.” Speaking of the Ligier contract win, COO of Liberty Engineering Mainland Europe Philippe Baudon said: “Winning the contract to supply Ligier is a significant step for our Chateauroux site and for GFG in France. Since taking over the site last year, management and staff have all worked tirelessly to turn the site around – to implement the operational and cultural changes needed to make us more competitive and attract new customers. I am delighted that this hard work is starting to pay off – we know that we faced stiff competition from both Asia and eastern Europe for this deal and we know that our adaptability, technical expertise, competitiveness and proximity to Ligier’s own operations were all factors in this success. Work is already underway to start delivering Ligier’s first batch of French-made wheels in June as part of what I hope will be a close and ongoing partnership”.
Industry Administration & Marketing
Source https://www.menaherald.com/en/economy/energy/gfg-alliance-welcomes-dunkerque-smelter-cornerstone-supply-chain-expansion-france
7.

Zambia to construct US $15m manganese smelting plant

Zambia is set to construct the largest manganese smelting plant in the country at a whopping cost of US $15m. The project which will be under a Chinese company, Hu-Cheng Mining LTD, will be located ......

  • Zambia
  • Administration & Marketing
  • 29 Jan 2019
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Description Zambia is set to construct the largest manganese smelting plant in the country at a whopping cost of US $15m. The project which will be under a Chinese company, Hu-Cheng Mining LTD, will be located in Kapiri Mposhi district, in Central Province. The smelter will have capacity to process 40, 000 tonnes of manganese, which will produce steel alloy plates, to be used in the manufacturing of iron related products such as iron sheets and machinery. “This plant we are constructing here will be the biggest in Zambia, we have a similar plant in China were we are processing raw manganese into semi-finished steel alloy so this one is a model of that plant in China,” said Yan Li, Hu-Cheng Mining LTD Production Director. Also Read:Kenya to construct US $197m incineration plant Empowering local manganese miners Construction is expected to be complete and handed over in July 2019. It will help create over 200 job opportunities, and social responsibility programmes will be initiated for local people in the district. 400 permanent jobs will also be created. Li also noted that the company will empower local manganese miners as Kapiri Mposhi, Mkushi and Serenje districts with mining equipment to enhance their mining capacity, in order to sustain the supply of the required manganese feed-stock to the plant. “Small scale miners will have no challenge to supply us with manganese because we are going to supply them with machinery such as excavators and transfer mining skills to them to mine the ore to supply us to sustain the plant. The construction of the manganese plant and other investments coming to the district will help the local authority increase its revenue base,” said Yan Li. Challenge in electricity supply However, Mr Li notes that electricity will be a challenge during the construction process due to the high voltage of electricity supply needed at the plant. He said his company has since presented a request to ZESCO for supply the plant with a 33 kilo-volt line. “We set up this plant in Kapiri Mposhi because the area is strategically located and has enough manganese deposits to sustain the plant,” said Mr. Li.
Industry Administration & Marketing
Source https://constructionreviewonline.com/2019/01/zambia-to-construct-us-15m-manganese-smelting-plant/
8.

Malaysian firms eye infra projects in PH

Malaysian mid-tier companies are looking at the Philippines as their “go-to” market for investments in energy, automotive, building construction materials and food. Sharimahron Mat Saleh, deputy chie ......

  • Philippines
  • Administration & Marketing
  • 26 Dec 2018
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Description Malaysian mid-tier companies are looking at the Philippines as their “go-to” market for investments in energy, automotive, building construction materials and food. Sharimahron Mat Saleh, deputy chief executive officer of Malaysia External Trade Development Corp., said Starken AAC Sdn Bhd, one of the select companies taking part at the Market Immersion Mission to the Philippines until Thursday, eyes to strike a deal with local counterparts for the manufacture of pre-cast concrete as soon as they identify sources of raw materials. Sharimahron said Starken and other Malaysian firms are keen on the Philippines’ Build, Build, Build infrastructure promoting their expertise in four areas of construction: underground infrastructure work; building infrastructure management; pre-cast construction and integrated building system and facility management on energy savings. Mid-tier companies are those classified as having annual revenues of at least $12 million. Other companies in the mission are Lubetech Sdn Bhd, MMK Spices Sdn Bhd, Life Water Industries Sdn Bhd, Plus Solar System Sdn Bhd, Sharimahron said Malaysia is the Philippines ‘ fourth largest investor. Total approved investments stood at $69 million in the first half of the year, surpassing the $9.4-million registered in the whole of 2017. Among the major Malaysian investors present with the Philippines are Shangrila, Genting, Petronas, Berjaya, Alloy MTD and AirAsia. Total trade between the two countries for January to September is $4.79 billion with trade in favor of Malaysia whose exports amounted to $3.1 billion during the period.
Industry Administration & Marketing
Source https://www.malaya.com.ph/business-news/business/malaysian-firms-eye-infra-projects-ph
9.

India Court Asks Bidder to Pay Essars Dues to Stay in Race

A steel mill that’s emerged as the most sought-after asset in India’s crackdown on delinquent borrowers will cost its purchaser at least $1 billion more than bargained for, after the Supreme Court sai ......

  • India
  • services
  • 15 Oct 2018
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Description A steel mill that’s emerged as the most sought-after asset in India’s crackdown on delinquent borrowers will cost its purchaser at least $1 billion more than bargained for, after the Supreme Court said bidders must clear the dues of any companies related to them to stay in the race. The world’s largest steelmaker ArcelorMittal and a VTB Capital-led consortium have been vying for Essar Steel India Ltd., which came on the block after India’s central bank ordered lenders to push it into bankruptcy proceedings last year. Since then, both parties have opposed each other’s eligibility under a rule that disallowed bidders with links to a defaulter from being part of the process, which has already seen two rounds of bidding. Billionaire Lakshmi Mittal’s steelmaker questioned the eligibility of the VTB-led Numetal Ltd. group because, in the initial round of bidding, it included a company that is backed by the son of one of Essar’s founders. The company wasn’t part of the second round, but the Supreme Court held on Thursday that the Numetal consortium remained a related party to Essar Steel. That would mean Numetal will have to pay off the bad loans of the entire Essar group if it wants to remain a bidder, lawyers involved in the case said, asking not to be identified as they are not authorized by their clients to speak to media. An Essar spokesman declined to comment. ArcelorMittal itself will have to pay off 70 billion rupees in dues of group companies. Good Asset “The court decision will make it difficult for Numetal to compete for the asset,” said Sanjiv Bhasin, executive vice president at IIFL Securities Ltd. “As for ArcelorMittal, they will look to pay all their outstanding dues, as Essar is a very good asset, the steel market is in an upcycle and Arcelor wants to get into the Indian market.” Thursday’s Supreme Court judgment was another twist in the battle for Essar Steel, which was one of the so-called “dirty dozen” -- debtors that the central bank ordered be taken through the bankruptcy courts in June last year. The steel assets attracted a slew of potential bidders including Mittal’s fellow mining billionaire Anil Agarwal and top producers in India and Japan, all lured by soaring prices for the metal and India’s infrastructure spending. Click here for more on how India’s bankruptcy law has spurred M&A Essar Steel, which can produce 10 million metric tons of the alloy annually, owes creditors about 508 billion rupees ($6.9 billion). The Essar group’s holdings are spread across metals and mining, energy, infrastructure and services. ArcelorMittal dues are related to KSS Petron Pvt. Ltd. and Uttam Galva Steels Ltd. The steelmaker transferred the amount to an escrow account with the State Bank of India as a pledge to pay off the outstanding debts, people familiar with the matter said in May. The Luxembourg-based company wants confirmation from Essar Steel’s lenders that it has won the bidding before paying off the bad loans, a separate person familiar said last month. ArcelorMittal and Numetal have both offered to pay 420 billion rupees for the mill. To stay in the race, both bidders have two weeks to settle any outstanding dues of companies considered related entities. Once that’s out of the way, India’s Supreme Court has effectively opened up a third round of bidding, with lenders given eight weeks to choose the best bid.
Industry services
Source https://www.bloombergquint.com/business/india-s-top-court-clears-third-round-of-bidding-for-essar-steel#gs.KjPtdFs
10.

McDermott wraps up pipeline installation work for Woodside

McDermott International has completed the contract for phase two of the Greater Western Flank project for Woodside in Australia. The contract was awarded to McDermott by Woodside Energy Ltd in Januar ......

  • Australia
  • services
  • 25 Sep 2018
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Description McDermott International has completed the contract for phase two of the Greater Western Flank project for Woodside in Australia. The contract was awarded to McDermott by Woodside Energy Ltd in January 2016. Announcing the completion of the project for Woodside, McDermott said on Tuesday it was responsible for the procurement, fabrication, installation and testing of a series of pipeline buckle initiators, pipeline end terminations and foundation mudmats, in-line tee structures and approximately 21 miles (35 kilometers) of a 16-inch (40 centimeters) corrosion resistant alloy (CRA) pipeline extending from the existing Goodwyn A Platform to the Lady Nora and Pemberton field manifold locations. “One of the key challenges of the project was to perform installation work inside the 546 yards (500 meters) safety zone of Woodside’s Goodwyn A Platform,” said Vince Vieraitis, McDermott’s GWF-2 Project Director. “Through close collaboration with the client, the project was delivered in full compliance to project specifications with zero lost time incidents.” McDermott deployed two of its specialty vessels to complete the installation phase, namely DLV 2000 for the pipelay campaign and the Lay Vessel 108 for the pre-lay and post-lay campaign. McDermott also set up an onshore portable and temporary double jointing facility at its Batam fabrication yard in Indonesia to simulate the offshore installation campaign. First gas by 2018-end The Greater Western Flank Phase 2 fields lie in water depths varying between 262 feet (80 meters) and 426 feet (130 meters) at approximately 29 to 37 miles (40 to 60 kilometers) southwest of the Goodwyn A Platform, located off the northwest coast of western Australia. It includes the development of eight wells from the Keast, Dockrell, Lady Nora, Pemberton, Sculptor and Rankin fields. Gas production is tied-back via the pipeline end termination, in-line tees and subsea pipeline to the platform. The project is expected to achieve first gas by the end of this year.
Industry services
Source https://www.offshoreenergytoday.com/mcdermott-wraps-up-pipeline-installation-work-for-woodside/

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