Latest news with #offshore
Yahoo
4 hours ago
- Business
- Yahoo
Boskalis-Allseas consortium secures $1.4bn pipeline contract in Taiwan
A joint venture (JV) between Boskalis and Allseas has secured a contract worth roughly €1.2bn ($1.39bn) from Taiwan's CPC for the development of a new offshore gas pipeline, intended to enhance energy infrastructure in the country. The project involves constructing the second undersea gas pipeline from Yongan to Tongxiao (YT2), which is set to increase gas supply capacity in the northern region. The Boskalis-Allseas JV will manage the design, construction, installation, and pre-commissioning of the offshore natural gas pipeline, almost 232km long. This new pipeline will run parallel to the existing YT1 pipeline, linking the Yongan liquified natural gas (LNG) terminal located in the south-west to the Tongxiao transfer station in the north-west. The project encompasses trenching, installing 34 crossings over current and planned infrastructure, backfilling, and two landfalls. Allseas and Boskalis will divide responsibilities within the consortium. Boskalis will handle landfalls and microtunnelling, nearshore and offshore trenching, backfilling, and rock installation for the pipeline crossings. The company plans to use two large hopper dredgers, a large backhoe dredger, and a subsea rock installation vessel for these tasks. Meanwhile, Allseas will focus on pipeline installation and pre-commissioning, deploying two advanced pipelay vessels for the operation. Boskalis and Allseas stated: 'This project demonstrates Allseas' and Boskalis' commitment to supporting the development of critical energy infrastructure and reinforces their leading position in the offshore sector. 'By delivering this project in close cooperation with CPC Corporation Taiwan, the consortium will play a key role in enhancing the reliability and security of natural gas supply for the region.' Scheduled to start in 2026, the project is expected to be completed by 2028. CPC's natural gas infrastructure initiative involves an extensive network on Taiwan's western side, including a planned figure-of-eight configuration for enhanced transmission capabilities. This network will incorporate the new YT2 pipeline alongside future developments such as a terrestrial pipeline from Yongan to Taoyuan and linkages from the Taichung LNG plant to the Datan power station. "Boskalis-Allseas consortium secures $1.4bn pipeline contract in Taiwan" 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.
Zawya
a day ago
- Business
- Zawya
Arabian Drilling fuels global expansion with first international offshore deal, UAE branch
Riyadh – Arabian Drilling has signed an agreement with a GCC-based company, marking its first offshore operation outside Saudi Arabia, according to a press release. The Saudi firm aims to expand its operations beyond its domestic market with a landmark geographical venture in line with its long-term strategy. Meanwhile, the operations are set to begin in the first quarter (Q1) of 2026 and will have an accretive impact on the backlog of SAR 75 million. The initial allocation of SAR 75 million is designated for the preliminary drilling of exploration wells within a period of five to seven months. This venture is expected to meet the challenges and capture the opportunities of the global market. Ghassan Mirdad, CEO of Arabian Drilling, commented: "Signing this contract signifies a strategic milestone for Arabian Drilling as it marks our first major step in expanding our operational footprint internationally.' "As we witness the unfolding events of this year, we are preparing to take significant steps to implement a major transformation with the aim of becoming a stronger and more flexible company, with a sustainable financial structure, and we look forward to facing the future with confidence, aiming to achieve long-term sustainable returns for our shareholders," Mirdad added. Meanwhile, Arabian Drilling launched a new branch in Sharjah to serve as a base for its regional operations within the GCC region and beyond. The UAE office is part of the company's strategic initiative to enhance its operational reach and service delivery in international markets. In February, the company inked a deal with Shelf Drilling Limited to deploy some of its premium jack-up rigs internationally. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Yahoo
a day ago
- Business
- Yahoo
CNOOC Limited Brings On-stream Dongfang 1-1 Gas Field 13-3 Block Development Project
HONG KONG, July 29, 2025 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Dongfang 1-1 Gas Field 13-3 Block Development Project has commenced production. The project is the first high-temperature, high-pressure, low-permeability natural gas project offshore China. It is located in the Yinggehai Basin, with an average water depth of approximately 67 meters. The main production facility is a new unmanned wellhead platform and it utilizes the existing processing facilities of the Dongfang gas fields for development. A total of 6 development wells are planned to be commissioned. The project is expected to achieve a peak production of approximately 35 million cubic feet of natural gas per day in 2026. The existing facilities are used to connect the Dongfang 1-1 gas field and Dongfang 13-2 gas field. CNOOC Limited has thereby successfully established an integrated offshore gas production network in the Yinggehai Basin. It will facilitate the stable and reliable supply of natural gas in the region, providing strong support for the economic and social development of Guangdong, Hong Kong, and Hainan. CNOOC Limited holds 100% interest in this project and is the operator. — End — Notes to Editors: More information about the Company is available at *** *** *** *** This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company's price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations. *** *** *** *** For further enquiries, please contact: Ms. Cui LiuMedia & Public RelationsCNOOC LimitedTel: +86-10-8452-6641Fax: +86-10-8452-1441E-mail: mr@ Mr. Cheng YaoEver Bloom (HK) Communications Consultants Group LimitedTel: +852 5540 0725Fax: +852 2111 1103Email: View original content to download multimedia: SOURCE CNOOC Limited
Yahoo
a day ago
- Business
- Yahoo
Boskalis - Allseas consortium awarded large offshore natural gas pipeline project in Taiwan
Queen of the Netherlands Papendrecht, 29 July 2025 Boskalis and Allseas are pleased to announce that their 50/50 consortium has been awarded a large contract by CPC Corporation Taiwan for the second offshore gas pipeline from Yongan to Tongxiao (YT2). The total contract value is approximately EUR 1.2 billion. This landmark energy project is intended to support the acceleration of energy transition in Taiwan and improve the gas supply capacity in northern Taiwan. Under the contract, the consortium will design, construct, install and pre-commission the new YT2 36-inch offshore natural gas pipeline, which will run approximately 232 kilometers parallel to the existing YT1 pipeline, connecting the Yongan LNG terminal in the Southwest with the Tongxiao transfer station in the Northwest. The comprehensive scope of work includes trenching, pipeline installation with 34 crossings over existing and future infrastructure and assets, backfilling and two landfalls. Within the consortium, Boskalis will be responsible for the landfalls and associated microtunnelling activities, as well as nearshore and offshore trenching, backfilling, and the installation of rocks for the 34 pipeline crossings. For these activities, Boskalis will deploy two large hopper dredgers, a large backhoe dredger, and a subsea rock installation vessel. Allseas will carry out the pipeline installation and pre-commissioning, including the pre-lay installation of concrete mattresses. For these activities, Allseas will deploy two of the most advanced pipelay vessels in the industry. This project demonstrates Boskalis' and Allseas' commitment to supporting the development of critical energy infrastructure and reinforces their leading position in the offshore sector. By delivering this project in close cooperation with CPC Corporation Taiwan, the consortium will play a key role in enhancing the reliability and security of natural gas supply for the region. Project execution is scheduled to commence in 2026, with completion anticipated in 2028. FOR FURTHER INFORMATION Martijn L.D. Schuttevâer press@ T +31 786969310 This press release can also be found on our website Attachments Press release Boskalis Award CPC YT2 290725 Queen of the NetherlandsError 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
Yahoo
a day ago
- Business
- Yahoo
Boskalis - Allseas consortium awarded large offshore natural gas pipeline project in Taiwan
Queen of the Netherlands Papendrecht, 29 July 2025 Boskalis and Allseas are pleased to announce that their 50/50 consortium has been awarded a large contract by CPC Corporation Taiwan for the second offshore gas pipeline from Yongan to Tongxiao (YT2). The total contract value is approximately EUR 1.2 billion. This landmark energy project is intended to support the acceleration of energy transition in Taiwan and improve the gas supply capacity in northern Taiwan. Under the contract, the consortium will design, construct, install and pre-commission the new YT2 36-inch offshore natural gas pipeline, which will run approximately 232 kilometers parallel to the existing YT1 pipeline, connecting the Yongan LNG terminal in the Southwest with the Tongxiao transfer station in the Northwest. The comprehensive scope of work includes trenching, pipeline installation with 34 crossings over existing and future infrastructure and assets, backfilling and two landfalls. Within the consortium, Boskalis will be responsible for the landfalls and associated microtunnelling activities, as well as nearshore and offshore trenching, backfilling, and the installation of rocks for the 34 pipeline crossings. For these activities, Boskalis will deploy two large hopper dredgers, a large backhoe dredger, and a subsea rock installation vessel. Allseas will carry out the pipeline installation and pre-commissioning, including the pre-lay installation of concrete mattresses. For these activities, Allseas will deploy two of the most advanced pipelay vessels in the industry. This project demonstrates Boskalis' and Allseas' commitment to supporting the development of critical energy infrastructure and reinforces their leading position in the offshore sector. By delivering this project in close cooperation with CPC Corporation Taiwan, the consortium will play a key role in enhancing the reliability and security of natural gas supply for the region. Project execution is scheduled to commence in 2026, with completion anticipated in 2028. FOR FURTHER INFORMATION Martijn L.D. Schuttevâer press@ T +31 786969310 This press release can also be found on our website Attachments Press release Boskalis Award CPC YT2 290725 Queen of the NetherlandsError 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
