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KBR will support the delivery of megaprojects in Iraq.

KBR has been awarded a US$46mn five-year contract to support the Iraqi government's infrastructure and future energy ambitions

Under the terms of the contract, KBR, which already plays a significant role in the development of Iraq’s energy sector, will provide advisory and consultancy capabilities to the Iraqi Government's Ministry of Planning, with a focus on creating an effective program environment to support successful delivery of strategic megaprojects. This will include economic planning, strategy development, feasibility studies, technical reviews and large-scale project management.

KBR's focus on innovation and sustainability will be integral to delivering the ambitious development plans, aligning with Iraq's long-term vision for growth and environmental stewardship.

Jay Ibrahim, president of KBR Sustainable Technology Solutions, said, "This is a great example of KBR utilising its growing global capabilities to support regeneration and sustainable growth of a nation. We are proud to further our partnerships in country, where we are already helping make our customers' ambitious plans a reality. With our deep expertise in engineering and energy solutions, KBR is well positioned to help our valued customers meet their energy security and sustainability objectives."

To support the project, KBR plans to expand its presence in country through the creation of an operational office in Baghdad and potentially an engineering design centre to enhance the skills of Iraqi engineers.

ADNOC is building its international LNG portfolio. (Image source: Adobe Stock)

A joint venture led by Technip Energies with JGC and NMDC Energy has been awarded a major contract worth around US$5.5bn by ADNOC for the engineering, procurement and construction (EPC) of the Ruwais LNG project

The project will consist of two natural gas liquefaction trains with a total LNG production capacity of 9.6 Mtpa), more than doubling ADNOC’s LNG production capacity to around 15 MMtpa,as the company builds its international LNG portfolio.

The plant will use electric-driven motors instead of conventional gas turbines and will be powered by clean energy. It is set to be the first LNG export facility in the Middle East and North Africa (MENA) region to run on clean power, making it one of the lowest-carbon intensity LNG plants in the world.

Arnaud Pieton, CEO of Technip Energies, commented, “We are honoured to have been awarded by ADNOC the Ruwais LNG project, a pioneering initiative in the LNG sector. By powering electrified LNG trains with nuclear energy, this project sets a new standard for energy security and sustainability. By leveraging our low-carbon and electrified LNG leadership we will support ADNOC’s position as a reliable global natural gas supplier and commitment to decarbonisation.”

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and chairman of the Abu Dhabi Executive Council, endorsed the final investment decision (FID) for the Ruwais LNG project and the award of the EPC contract at a meeting of the Executive Committee of the ADNOC Board of Directors.

The premium quality cables deliver unmatched performance in harsh, high temperature environments. (Image source TFS)

In the challenging environment facing the oil and gas industry in the Middle East, the need for durable and reliable communication infrastructure is critical

Tactical Fiber Systems (TFS) has emerged as a leader in this field with DuraTAC® cables assembled with military grade HMA Expanded Beam connectors. These premium quality cables are specifically engineered for indoor and outdoor installations and deliver unmatched performance and resilience in harsh high temperature environments. In fact, with millions at stake, SpaceX uses TFS DuraTAC fiber cables for communications during every launch.

Featuring stainless-steel armored inner tubing, DuraTAC cables offer exceptional protection against physical damage while ensuring that the fragile glass fibers within each cable sheath remain intact and operational. The outer covering is a high heat tolerant TPU polymer that not only provides physical protection but also shields the cables from degradation against UV radiation. This UV resistance is essential to maintain the performance and durability of cables during prolonged exposure to the sun in outdoor installations.

Premium quality connectors

But a fiber cable is only as good as its connector. Here again, TFS excels using premium quality HMA “Expanded Beam” connectors and breakouts to ensure precision optical alignment, low loss and immunity from water, mud, dust oil and other contaminants.

TFS DuraTAC cables can be ordered factory direct, cut to length as desired and pre-terminated with HMA connectors or any specific fiber connector as desired. Cables can be ordered with or without durable cable reels. TFS also sells custom made breakouts, patch panels and converters to meet the specific requirements of any application.

For more information: This email address is being protected from spambots. You need JavaScript enabled to view it. Phone: +34 851000887 www.Tacticalfiber.eu

The project includes the recovery of gas currently flared in the Basra region to supply power generation plants. (Image source: Adobe Stock)

Wood has been awarded a US$46mn, three-year contract by TotalEnergies in Iraq related to Iraq’s Associated Gas Upstream Project, part of the Gas Growth Integrated Project (GGIP) in Southern Iraq

Wood will provide front-end engineering design (FEED), detailed design, procurement support, and construction and commissioning assistance for the first phase of the project. The contract will be delivered by Wood’s teams in Basra and Dubai, creating 100 new positions.

The GGIP includes the recovery of gas currently flared in the Basra region to supply power generation plants, along with the construction of a seawater treatment unit and a 1GW solar power plant. Once implemented, this project will increase electricity supply to the Iraqi people, advance Iraq’s energy self-sufficiency, reduce harmful climate effects from flared gas in southern Iraq, and allow for the export of gas products to new markets. The consortium implementing the project is composed of TotalEnergies (45%), QatarEnergy (25%) and Iraq’s National oil company, the Basrah Oil Company (30%).

Shaun Dewar, senior vice president of Operations, Middle East and Africa at Wood said, “We are proud to support TotalEnergies on this project, which aligns with our shared commitment to pursue a secure and sustainable energy supply. We have a long-standing history of delivering engineering and consulting services in the region and this contract reaffirms our reputation for excellence.

"This project will improve environmental sustainability through emissions reduction efforts. As part of this agreement, Wood will also continue to invest in local employment and skills development in the Basra region.”

Strong demand is still expected from the booming petrochemicals sector. (Image source: Adobe Stock)

Oil 2024, the latest edition of the IEA’s annual medium-term market report, forecasts that growth in global demand for oil will slow in the coming years as energy transitions advance, with a major supply surplus emerging this decade

The report forecasts that global oil demand, which including biofuels averaged just over 102mn bpd in 2023, will level off near 106mn bpd per day towards the end of this decade, with growth in demand peaking before 2030.

Speaking at a press briefing, Dr Fatih Birol, IEA executive director, highlighted three major drivers of the slowdown:

1. – Transportation – The increasing penetration of electrical vehicles (EV)s. in China, Europe, USA and increasingly the emerging markets, currently accounting for more than one in five car sales. Dr Birol noted the increasing cost competitiveness of electrical cars in China, the driver of EV car penetration. Ongoing fuel efficiency improvements are also a factor;
2. – Electricity generation – Many of the oil producers in the Middle East and North Africa, who currently use a significant proportion of oil to generate electricity, are shifting to renewables or natural gas for electricity generation;
3. – China – Most importantly, the expected slowdown in China’s economic growth to around 4% from just over 6% a year, given the country has accounted for around 60% of demand growth in the last 10 years.

While strong demand growth is expected from fast-growing economies in Asia, as well as from the aviation and booming petrochemicals sectors, this will not be enough to offset the above factors.

Surge in production capacity

At the same time, a surge in non-OPEC global oil production capacity, led by the USA and other producers in the Americas, such as Argentina, Brazil, Canada and Guyana, is expected to outstrip demand growth between now and 2030, with non-OPEC producers expected to account for three quarters of the expected increase to 2030, or 4.6mn bpd. Saudi Arabia, the United Arab Emirates (UAE) and Iraq are expected to lead a 1.4 mn bpd rise in OPEC+ oil capacity.

Total supply capacity is forecast to rise by 6mn bpd to nearly 114mn bpd by 2030 – a staggering 8mn bpd above projected global demand, the report finds. There is also the prospect of OPEC+ rewinding production cuts from later this year. This would result in unprecedented levels of spare capacity over the forecast period, with major implications for oil markets – including for producer economies in OPEC and beyond, as well as for the US shale industry.

“Some producers are already making adjustments, with Saudi Arabia putting on hold planned oil capacity expansion to focus on gas, which is where we see the main demand this coming decade,” commented Toril Bosoni, the head of the IEA’s Oil Industry and Markets Division. at the press briefing.

“This report’s projections, based on the latest data, show a major supply surplus emerging this decade,” said Dr Birol, noting the consequences of an oversupply would be downward pressure on prices, with implications both for producers and consumers. “Oil companies may want to look at these supply and demand trends and make sure their business strategies and plans are in line with market realities,” he added.

According to the report, global refining capacity is on track to expand by 3.3mn bpd between 2023 and 2030, well below historical trends. However, this should be sufficient to meet demand for refined oil products during this period, given a concurrent surge in the supply of non-refined fuels such as biofuels and natural gas liquids (NGLs). This raises the prospect of refinery closures towards the end of the outlook period, as well as a slowdown in capacity growth in Asia after 2027.

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