08202018Mon
Last updateFri, 17 Aug 2018 12am

Foster Wheeler acquires UK-Based Ingen Ideas, a Specialist Upstream Consultancy

Foster Wheeler AG  has acquired Ingen Ideas ("Ingen"), a privately held upstream consultancy company located in Aberdeen, UK.

Ingen specializes in field development and project decision support, focused on the evaluation and implementation of oil and gas field developments covering greenfield and brownfield assets. Ingen's expertise includes field development, process engineering including subsea and topsides design, flow assurance, enhanced oil and gas recovery, carbon management and petroleum engineering.

Ingen will become part of Foster Wheeler's EMEA (Europe, Middle East, Africa) Upstream operations, which already has operations in Woking, Reading, Glasgow and Hull, all in the UK.

“The acquisition of Ingen is part of our stated strategy to grow our upstream capabilities, particularly for offshore, and to extend our offering to our clients to encompass the full oil and gas value chain,” said Kent Masters, Chief Executive Officer, Foster Wheeler AG. “The ability to provide high quality, high value-added consultancy services to our clients at a very early phase of the development of an oil and gas asset is a key factor in developing and extending long-term relationships with our clients, and also strengthens our position for future phases of these projects.”


Technip awarded FEED contract for a new biomass-to-liquid plant in Finland

Technip has been awarded by Forest BtL Oy a contract, worth approximately €5 million, for the front-end engineering and design (FEED) of a new second generation biomass-to-liquid* (BTL) plant to be built on Ajos island, Finland. This plant will produce approximately 140,000 tons of biodiesel and naphtha from wood and by-products from the wood-processing industry. This feedstock has many advantages as it is not used for human food, it does not jeopardize the existing local biomass usage and has a low CO2 footprint.

Technip will develop the process design package of the hydrogen production unit of the plant, based on its steam reformer proprietary technology, and will prepare the FEED for the hydrogen production, Fischer-Tropsch synthesis and refining units.

Technip’s operating center in Lyon, France, together with the Group’s hydrogen technology center in Zoetermeer, The Netherlands will execute the contract, which is scheduled to be completed in the first semester of 2014.

The Ajos BtL project is supported by the European Union NER300 funding program for innovative renewable energy technologies. This project will be an industrial first and will reinforce Technip’s leading position on new generation biofuels projects.

 

 

Siemens and China National Petroleum Corporation conclude framework agreement

Siemens has concluded a framework agreement with China's biggest oil and gas corporation, China National Petroleum Corporation (CNPC), to supply the entire electrical engineering and electrical systems for the first phase of the planned Guangdong Petrochemical Refinery in China. The refinery will be built in Jieyang in the southern Chinese province of Guangdong and, once completed, will be the largest refinery in China. The first stage of the plant complex is scheduled for commissioning in late 2015.

The framework contract covers supply of the electrical equipment and all control systems for the entire refinery. This includes for example SF6 gas-insulated switchgear stations (GIS) with a rating of 220 kV as well as 220kV /110kV power transformers and 35kV/10kV distribution transformers, basic automation systems, PCS7 control systems, 35 kV gas-insulated and 10 kV air-insulated switchgear. Protection and relay devices complete the current distribution. Under the terms of a strategic cooperation agreement signed with CNPC in 2012, Siemens will also provide compressors for the air separation process and wastewater treatment solutions for the project. Overall, the three Siemens sectors Energy, Industry and Infrastructure & Cities are involved.

"For Siemens, winning this major refinery project marks a milestone in the context of our ongoing cooperation agreement with CNPC. A framework agreement covering the complete Siemens electrical systems portfolio is unique to date in the company's history," says Adil Toubia, CEO of Siemens Energy's Oil & Gas Division.

When the first phase of construction is finished, the refinery will already be able to process 20 million tons of heavy oil per year. Completion of the second phase will boost the refinery's capacity to 50 million tons per year.  As the biggest refinery in China, the project plays a key role in meeting the country's booming demand for oil.

ABB to buy Dynamotive in the UK to grow its drives and motors service business

ABB, the leading power and automation technology group, has announced its intention to acquire Dynamotive Ltd to expand its service offering in low and medium voltage drives and motors.

Coalville, UK–based Dynamotive designs, commissions and upgrades systems of drives, controls and motors for industrial and marine applications and automotive test rigs. Dynamotive has about 40 employees and is privately owned. Its owners will continue to work for ABB.“The acquisition of Dynamotive will enable ABB to expand its service operations including upgrade and retrofit capabilities in low and medium voltage drives. Furthermore, it will help ABB to increase its sales of complete industrial motion packages, which include drives, motors, controls and related services,” said Pekka Tiitinen, head of ABB's Drives and Controls business unit. “By combining Dynamotive’s service and engineering capabilities with ABB’s manufacturing capabilities and product know-how we will better serve our customers.”

Dynamotive will be integrated into ABB’s Drives and Controls business unit, led in the UK by Neil Ritchie. ABB is one of the world’s largest manufacturers of electric motors and drives. Drives adjust the speed of electric motors to match the actual demand of the application thereby improving productivity and energy efficiency.

“We are excited about the opportunity to join forces with ABB. We are confident that our customers and employees will benefit from the increased level and quality of services that we can offer them,’’ said David Perkins, Dynamotive’s managing director, who will continue to lead Dynamotive’s operations under the ownership of ABB. “Through this deal we will get better access to ABB’s drive, motor and control technology, as well as access to ABB’s global sales and service network.”

 

 

Endress+Hauser increases turnover to almost 1.7 billion euros in 2012

Endress+Hauser has again enjoyed strong growth in 2012. Despite ongoing global economic uncertainty, the Group expects this positive trend to continue this year.

"2012 was not an easy year," underlined CEO Klaus Endress. In some markets sales dropped, but in many others the Group recorded growth. "In the end we only just missed our ambitious targets." Endress+Hauser increased net sales by 11 percent to almost 1.7 billion euros. Owing to a higher tax rate, net income rose by only 3 percent to 183 million euros, which is nevertheless a new record.

As CFO Dr Luc Schultheiss explained, the Endress+Hauser Group was able to further strengthen its financial power. Equity was increased by three percentage points to over 73 percent. Endress+Hauser showed growth across all regions, with exceptionally good developments in the Americas. "Key drivers behind our growth are megatrends such as energy, resources and efficiency, food, water and demography," emphasized COO Michael Ziesemer, the CEO's deputy.

More than 650 new jobs worldwide: By the end of 2012 Endress+Hauser employed 10,066 people worldwide – 652 more than the previous year. 272 employees joined the company in Europe, with 162 in the German-French-Swiss region around Basel. The fact that headcount passed the 10,000 mark last year is owed to the acquisition of SpectraSensors. The US company with about 90 employees develops, manufactures and markets laser-based gas analyzers. Endress+Hauser also strengthened its calibration business with a share in the Irish CompuCal Calibration Solutions.

At 127 million euros the Group's investments have reached a new high. Most of this was spent on expanding production facilities. By no means the biggest but certainly the most important project was a new production facility in Itatiba near São Paulo.

A new sales center in Saudi Arabia began to operate in 2012. Another example of stronger activity in the Middle East was the opening of a sales office in Abu Dhabi, in the United Arab Emirates. In addition, Endress+Hauser opened a representative office in Vietnam's Ho Chi Minh City. At the turn of the year a sales center was founded in Indonesia. A further sales center is to follow in Algeria in the coming year – the 46th sales company in the Endress+Hauser network.