LNG

July 3 (LNGJ) - Technip Energies, the LNG and energy projects engineering company, has purchased a French firm Processium for an undisclosed sum. The Lyon-based firm is in the process development sector and owns laboratory and piloting facilities.

   “Processium is an industrial development partner designing and developing next-generation processes to support the energy transition and to enhance manufacturing competitiveness in the field of sustainable chemicals,” explained TechnipEnergies. “With this acquisition, Technip Energies will pursue its strategic objective of accelerating the development of new processes and technologies to meet the pressing needs of a fast-growing market,” it added.

Technip Energies, the European LNG and energy project engineering company, said its French unit had agreed to resolve outstanding matters with the French Parquet National Financier (PNF), the judicial force charged with tracking down the financial crimes of French companies.

Technip Energies, the European LNG and energy project engineers, said their joint venture has been awarded an engineering, procurement, construction and commissioning (EPCC) contract by QatarEnergy for the onshore facilities of the North Field South Project (NFS) in the Arabian Gulf.

Technip said its partner for the award is the Middle East-based company Consolidated Contractors Company.

“This award will cover the delivery of two mega-Trains, each with a capacity of 8 million tonnes per annum,” said Technip.

The company added that the work would include a large carbon-capture and sequestration CCS) facility of 1.5 MTPA, leading to 25 percent-plus reduction of greenhouse gas emissions when compared with similar LNG facilities.

The NFS expansion project will produce about 16 MTPA of additional LNG, increasing Qatar’s total production from 110 to 126 MTPA after the North Field East (NFE) project is completed as well.

Mega-Trains

“We are extremely honored to have been awarded by QatarEnergy this mega-LNG project, along with our long-standing partner CCC, a leading construction company for LNG Trains,” explained Arnaud Pieton, Chief Executive of Technip.

“This award is a testament to the trust, extent, and strength of our relationship with QatarEnergy,” added Pieton.

“This new project also reflects our leadership in the LNG market as well as our proven ability to integrate technologies towards low carbon LNG, critical in solving the trilemma for affordable, available and sustainable energy,” declared the CEO.

Technip has been active with a local presence since 1986 in Qatar, which it described as “a strategic country” for the company.

Global LNG engineering firms like Technip are benefiting from the future forecasts of high demand for LNG cargoes. The company posted net profits of €320.2 million ($340.6M) for 2022 compared with €252.4M in 2021.

The company also had a contract backlog of €12.75Bln at the end of December 2022.

The company’s most recent plant to come on stream was the Coral South floating LNG hull that started up in November 2022 offshore Mozambique.

Technip Energies, the leading LNG and energy project company, said a consortium which it heads has been awarded a pre-construction services agreement (PCSA) related to the onshore facilities for the Hail and Ghasha Gas Development Project in Abu Dhabi in the United Arab Emirates.

Technip’s partners in the contract are South Korea’s Samsung Engineering and Italian firm Tecnimont SpA.

Hail & Ghasha is a conventional gas development located in shallow water in the emirate of Abu Dhabi and is operated by Abu Dhabi National Oil Company (ADNOC).

The fields lie in the Ghasha Concession block in water depth of around 328 feet and are expected to start commercial production in 2025.

“The PCSA phase follows the successful completion of an updated front-end engineering and design (FEED) for the entire development, executed by Technip Energies,” said  Technip.

Next phase

“This next phase covers early project activities for onshore facilities, such as initial detailed engineering and procurement services of critical long lead items,” explained Technip.

The PCSA scope of work also includes the preparation of “an open book cost estimate” for the project delivery of the onshore scope, which will be considered as part of the final investment decision-making process.

“We are honoured to be trusted by ADNOC to continue from the successful FEED execution to the initial activities for the onshore facilities for this important gas growth project and to prepare an open-book cost estimate for project delivery,” said Arnaud Pieton, Chief Executive of Technip Energies.

“This reinforces Technip Energies' long-standing relationship and trust developed over the last four decades with ADNOC, supported by our long-term presence in Abu Dhabi,” added Pieton.

“Together with our joint venture partners, Samsung Engineering and Tecnimont, we will utilize our global experience on mega project execution and open book estimate conversions to transparently and diligently work with ADNOC and their international concession partners to continually optimize the project and successfully meet their requirements,” declared the CEO.

The multi-billion-dollar Hail and Ghasha project is also seen as playing a vital role in meeting the UAE’s gas self-sufficiency objectives.

ADNOC’s partners in the project with a concession term of 40 years include Italy’s Eni, Germany’s Wintershall Dea and Austria’s OMV

Technip Energies, the leading energy and LNG engineering company, said events in 2022 had underlined the need for increased spending in LNG and natural gas as the Euronext exchange-listed company continued its “orderly exit” from the Arctic LNG II project in Russia.

Technip Energies, the engineering company with a leadership positions in liquefied natural gas as well as hydrogen and ethylene projects has signed an agreement to set up a joint venture firm with National Petroleum Construction Company (NPCC) of the United Arab Emirates.

The accord was signed in Paris during the state visit to France of the UAE leader Sheikh Mohammed Bin Zayed Al Nahyan.

The signing was witnessed at a ceremony attended by UAE Foreign Minister Abdullah bin Zayed Al Nahyan and France’s Minister for Europe and Foreign Affairs Catherine Colonna.

The new company headquartered in Abu Dhabi, the LNG producing emirate of the UAE, is called NT Energies LLC and will concentrate on new energy solutions such as carbon capture. though will also be involved in providing onshore and offshore oil and gas field and facility services for storage, installation and repairs and maintenance.

The agreement was signed by NPCC Chief Executive Ahmed Al Dhaheri and Arnaud Pieton, CEO of Technip.

The new company NT Energies aims to support energy transition in the UAE, the broader Middle East region and North Africa by providing added-value services .

These would include blue and green hydrogen and related decarbonization projects, carbon-dioxide capture in addition to industrial projects in the fields of waste-to-energy, biorefining and biochemistry.

LNG projects

Technip has been involved in the gravity-based structure-one modules for Arctic LNG II in the Gydan Peninsula.

The project led by Russian company Novatek contributed €445.4 million of revenues to Technip in the first quarter of 2022.

Technip is additionally working on the US Sempra Infrastructure-led Costa Azul Mexican LNG export project on the Pacific Coast as well as Greater Tortue Ahmeyim floating LNG projects offshore Senegal and Mauritanian waters in West Africa.

“We are very proud to have signed this agreement with such a recognized leader and long-standing partner with whom we have delivered many key energy projects,” said Arnaud Pieton, CEO of Technip Energies.

The parent company of NPCC is the National Marine Dredging Group in the UAE and its CEO Yasser Zaghloul said the deal reaffirmed the commitment of NPCC to support decarbonization in line with the UAE’s strategy.

“This agreement with Technip Energies opens up new opportunities for sharing expertise in the field of sustainable energy and aligns with our expansion plans,” stated Zaghloul.

Novatek, the Russian natural gas company and LNG operator and developer, said the Arctic LNG II project on the Gydan Peninsula had reached a project financing agreement among the joint venture shareholders from Russia, France, China and Japan.