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The Sun
3 hours ago
- Business
- The Sun
Wasco launches UAE fabrication yard, supporting rising modular infrastructure needs
KUALA LUMPUR: Wasco Energy, the energy services division of Bursa Malaysia-listed Wasco Berhad, has launched a new fabrication yard in the Jebel Ali Free Zone (JAFZA), Dubai, the United Arab Emirates (UAE). Wasco Energy chief executive officer Shan Karupiah said the new facility, covering 25,000 square metres, boosts Wasco's engineering and fabrication capabilities to support energy and industrial infrastructure projects in the Middle East and beyond. With an annual production capacity of 10,000 tonnes, the yard is equipped to produce process modules, Pre-Assembled Unit/Pre-Assembled Rack (PAU/PAR) units, gas compressor packages, substations and E-Houses for both onshore and offshore use. Shan said the facility, which is located near one of the world's busiest ports, allows Wasco to carry out high-volume modular projects more efficiently and quickly. 'This expansion is not just about scaling capacity; it's about positioning Wasco closer to our clients and the region's dynamic energy ecosystem. With this new UAE facility, we are better equipped to deliver high-quality, customised and modular solutions with speed, precision and engineering depth,' he said in a statement today. He said the UAE yard complements Wasco's existing fabrication hubs in Batam, Indonesia, and Telok Panglima Garang in Selangor, and pipe coating plants in Qatar, Malaysia, the United Kingdom and Tanzania - reinforcing the group's global infrastructure delivery network. Aligned with the UAE's In-Country Value (ICV) programme, the new yard also advances local industrial development by promoting domestic content and strengthening regional supply chains. 'Our expanding global footprint underscores Wasco's commitment to executional excellence. This strategic expansion enhances our ability to service both regional and global projects with tailored engineering solutions that address the complex demands of today's energy landscape,' he added. Wasco also extended its appreciation to DP World GCC chief operating officer (Parks & Zones) Abdulla Al Hashmi, JAFZA Sales vice president Ebtesam Alkaabi and JAFZA Sales director Saoud AlAwadhi for their support in establishing the facility and commitment to long-term collaboration. Wasco Energy, supported by over 600 in-house engineers worldwide, provides complete modular solutions—from Front-end Engineering Design (FEED) to fabrication and final delivery—using its broad technical expertise. The facility is built to international Health, Safety and Environment (HSE) standards, incorporating stringent safety protocols and a strong zero-incident culture, the statement added.
The Sun
3 hours ago
- Business
- The Sun
Wasco Opens New Fabrication Yard in Dubai's JAFZA
KUALA LUMPUR: Wasco Energy, the energy services division of Bursa Malaysia-listed Wasco Berhad, has launched a new fabrication yard in the Jebel Ali Free Zone (JAFZA), Dubai, the United Arab Emirates (UAE). Wasco Energy chief executive officer Shan Karupiah said the new facility, covering 25,000 square metres, boosts Wasco's engineering and fabrication capabilities to support energy and industrial infrastructure projects in the Middle East and beyond. With an annual production capacity of 10,000 tonnes, the yard is equipped to produce process modules, Pre-Assembled Unit/Pre-Assembled Rack (PAU/PAR) units, gas compressor packages, substations and E-Houses for both onshore and offshore use. Shan said the facility, which is located near one of the world's busiest ports, allows Wasco to carry out high-volume modular projects more efficiently and quickly. 'This expansion is not just about scaling capacity; it's about positioning Wasco closer to our clients and the region's dynamic energy ecosystem. With this new UAE facility, we are better equipped to deliver high-quality, customised and modular solutions with speed, precision and engineering depth,' he said in a statement today. He said the UAE yard complements Wasco's existing fabrication hubs in Batam, Indonesia, and Telok Panglima Garang in Selangor, and pipe coating plants in Qatar, Malaysia, the United Kingdom and Tanzania - reinforcing the group's global infrastructure delivery network. Aligned with the UAE's In-Country Value (ICV) programme, the new yard also advances local industrial development by promoting domestic content and strengthening regional supply chains. 'Our expanding global footprint underscores Wasco's commitment to executional excellence. This strategic expansion enhances our ability to service both regional and global projects with tailored engineering solutions that address the complex demands of today's energy landscape,' he added. Wasco also extended its appreciation to DP World GCC chief operating officer (Parks & Zones) Abdulla Al Hashmi, JAFZA Sales vice president Ebtesam Alkaabi and JAFZA Sales director Saoud AlAwadhi for their support in establishing the facility and commitment to long-term collaboration. Wasco Energy, supported by over 600 in-house engineers worldwide, provides complete modular solutions—from Front-end Engineering Design (FEED) to fabrication and final delivery—using its broad technical expertise. The facility is built to international Health, Safety and Environment (HSE) standards, incorporating stringent safety protocols and a strong zero-incident culture, the statement added.
Yahoo
27-05-2025
- Business
- Yahoo
Rejlers signs EPCI contract for CO₂ storage facility in Norway
Rejlers has secured an engineering, procurement, construction and installation (EPCI) contract with energy company Equinor for the Northern Lights carbon dioxide (CO₂) storage project in Øygarden, Norway. The contract involves the installation of a CO₂ quality monitoring system and the integration of filter skids at the facility. This project is seen as a significant step in the development of the world's first open-source infrastructure for CO₂ transport and storage. The award of the new contract follows Rejlers' contributions during the front-end engineering design (FEED) phase, the company said in a statement. Rejlers Norway country manager Ragnar Holtan said: 'This assignment is a testament to the trust we have earned through our work in the FEED phase. We are proud to contribute to one of Europe's most ambitious carbon capture and storage [CCS] projects and to bring our cross-border engineering expertise to the table.' The company is now tasked with the complete EPCI delivery, which encompasses detailed engineering, procurement, subcontractor coordination, and commissioning. The project is a collaborative effort between Rejlers teams in Norway, Sweden, and Finland. The Northern Lights joint venture, a partnership between Equinor, Shell, and TotalEnergies, is part of Norway's CCS initiative, Longship. The project aims to facilitate the safe and permanent storage of carbon dioxide, offering services to companies throughout Europe. Rejlers, an engineering consultancy with a presence in the Nordics and the United Arab Emirates, employs 3,300 individuals. The company is engaged in various sectors, including energy, buildings, infrastructure, and defence. Rejlers Group sustainability director Malin Ljung Eiborn said: 'Northern Lights is a key component in Europe's climate transition. By ensuring high CO₂ quality for storage, we help establish a robust and safe infrastructure for carbon storage, which is essential to achieving climate targets.' "Rejlers signs EPCI contract for CO₂ storage facility in Norway" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business News Wales
21-05-2025
- Automotive
- Business News Wales
Bilfinger UK Secures National Gas Contract in South Wales
Bilfinger UK has secured a contract with National Gas which will play a vital role in maintaining gas flow along the National Transmission System (NTS) in South Wales. The contract will create up to 100 jobs, with Bilfinger UK undertaking the role of Principal Designer and Principal Contractor at key locations. Compressor stations are strategically located at intervals along the NTS to maintain the flow of gas. Each station comprises two or more compressor units that pressurise and direct gas through the NTS, ensuring it moves at speeds of up to 25 mph (40 km/h). As part of the Control System Refurbishment Project, funded by Ofgem, Bilfinger will undertake a multi-disciplinary design and construction programme including the design and manufacture of panels, whilst also operating as Principal Contractor ensuring the highest standards of safety and performance. Bilfinger UK has been engaged in a further three-year programme of works, having already been involved in Front End Engineering Design (FEED) works for two years. This contract follows a two-stage approach, leveraging early contractor involvement (ECI). Delivering comprehensive solutions and utilising expertise from Bilfinger's Engineering, Automation, and Production divisions, the core design team, based at Bilfinger UK's Headquarters in Warrington, will be supported by colleagues in Chesterfield, St. Helens and on-site. The design phase will involve 40 to 50 people, with up to 100 personnel operating during the peak construction phase. Ben Hill, Gas Framework Director at Bilfinger Engineering & Maintenance UK, said: 'This contract is a testament to our successful collaboration with National Gas and our readiness to take the project forward into detailed design, build and commissioning. By utilising resources from our Engineering, Automation, and Production teams, we are well-equipped to deliver comprehensive solutions that meet the highest standards of safety and performance. 'Our partnership with National Gas reflects our commitment to innovation, efficiency, and sustainability and we look forward to continuing our collaboration to meet the challenges of net zero.' Darren Clement, Vice President, Engineering, Automation & Projects at Bilfinger UK, added: 'Our team's expertise in engineering, automation, and production will be pivotal in ensuring the success of the Control System Refurbishment Project. This contract not only highlights our capabilities but also our commitment to creating jobs and supporting the local economy as we contribute to the reliability and efficiency of the National Transmission System.' Oliver Wood, Programme Director at National Gas, said: 'Ensuring the continued safe and efficient flow of gas across the National Transmission System is critical to the UK's energy security. This investment reflects our commitment to upgrading essential infrastructure and embracing innovative technologies. We're proud that this project will not only strengthen the resilience of our network but also create high-quality jobs and opportunities across South Wales and beyond.'
Yahoo
21-05-2025
- Business
- Yahoo
ConocoPhillips Awards FEED Study Contract to Subsea7 Offshore Norway
ConocoPhillips COP, a leading global exploration and production company, has hired Subsea7 SUBCY for conducting a front-end engineering and design (FEED) study offshore Norway. The new contract was awarded under a framework agreement between the two companies. ConocoPhillips Skandinavia has awarded the FEED study contract for the Previously Produced Fields (PPF) development project, and the work related to this project is slated to begin immediately. The FEED study will enable COP to determine and finalize the technical specifications for the associated subsea project. Further, the details of the development project will be assessed to make a final investment decision (FID). If an FID is reached and the project obtains the necessary approvals from the authorities, COP can exercise option under its current framework agreement with Subsea7 for a major subsea contract. By exercising the option, ConocoPhillips, the operator of this project, can proceed with the award of the subsea structures, umbilicals, risers, and flowlines (SURF) scope to Subsea7. The value of the contract is estimated to be between $300 million and $500 million. If an FID for the project is reached, then the offshore activities associated with the project will be slated for 2026-2029. The Previously Produced Fields are situated 290 kilometers to the southwest of Stavanger, Norway, in the Greater Ekofisk Area. The development will be tied back to the Ekofisk Complex. Subsea7 mentioned that it is excited to work with ConocoPhillips to deliver incremental value from the Greater Ekofisk Area and contribute to the final investment decision on the project. COP currently carries a Zacks Rank #5 (Strong Sell), while SUBCY sports a Zacks Rank #1 (Strong Buy). Some better-ranked stocks from the energy sector are Diversified Energy Company plc DEC and Expand Energy Corporation EXE, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. Diversified Energy Company is an independent oil and natural gas producer in the United States. The company is primarily engaged in the production, transportation, and marketing of natural gas and natural gas liquids. The rising demand for natural gas as a cleaner-burning fuel, along with an uptick in the commodity's prices, is expected to positively impact the company's bottom line. Expand Energy is a leading U.S.-based natural gas producer formed through the merger of Chesapeake Energy Corporation and Southwestern Energy Company. Natural gas is expected to play an increasingly important role in the energy transition journey. Expand Energy is poised to benefit from the rising demand for natural gas as a cleaner-burning fuel. The recent rise in natural gas prices is also anticipated to positively impact EXE's profitability. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ConocoPhillips (COP) : Free Stock Analysis Report Diversified Energy Company PLC (DEC) : Free Stock Analysis Report Subsea 7 SA (SUBCY) : Free Stock Analysis Report Expand Energy Corporation (EXE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
