Page 16 - DMEA Week 33 2022

DMEA NEWS IN BRIEF DMEA

“We look forward to continuing to work closely TERMINALS & SHIPPING Ghana and Indonesia. It is presently attempting
with QatarEnergy to contribute to the develop- to overcome objections to its planned role in
ment of this strategic offshore development.” Karpowership could addressing South Africa’s electricity deficit.
“McDermott has decades of experience Novatek holds a 60% stake in LNG-2. Stakes
delivering projects in Qatar, a historically stra- reportedly fill hole in of 10% are held by France’s TotalEnergies, Japan
tegic market, and is significantly increasing Arctic LNG (a consortium of Mitsui & Co
localization efforts with the Tawteen In-Coun- Russia’s LNG-2 project and JOGMEC) and Chinese firms CNPC and
try Value (ICV) program,” said Neil Gunnion, CNOOC.
McDermott Qatar Country Manager and Vice left by Baker Hughes bne/IntelliNews, August 14 2022
President Operations. “McDermott is uniquely
positioned to combine its EPC expertise with withdrawal Nakilat achieves QAR730mn
FEED and ensure that our design is practical,
safe, and commercially viable.” Russian gas producer Novatek reportedly plans net profit for H1-2022
The scope of the contract comprises devel- to place an order for a 300- to 400-MW floating
oping FEED studies for offshore and onshore power plant from Turkey’s Karpowership. Nakilat, the world’s largest liquefied natural
pipelines, cables and associated facilities. The The plant would be used in the first line of gas (LNG) fleet owner, achieved a net profit
project will be managed from the McDermott Russia’s massive $21bn Arctic LNG-2 project, of QAR730mn ($200.49mn) for the first half
Doha office with support from Chennai. the Turkish daily Sabah reported, citing Russian of the year ended June 30, 2022, compared to
About McDermott: McDermott is a premier, newspaper Kommersant. QAR636mn ($174.68) during the same period
fully-integrated provider of engineering and US energy services firm Baker Hughes in in 2021, an increase of 14.9%.
construction solutions to the energy industry. June stopped providing all services to Russian As a global leader and provider of choice for
Our customers trust our technology-driven liquefied natural gas (LNG) projects amid the energy transportation and maritime services,
approach engineered to responsibly harness and waves of Western sanctions that hit Moscow in Nakilat remains steadfastly committed to oper-
transform global energy resources into the prod- the wake of the Russian invasion of Ukraine. Gas ational excellence, ensuring an uninterrupted,
ucts the world needs. From concept to commis- turbines needed for gas liquefaction and electric- safe, reliable and efficient delivery of clean
sioning, McDermott’s innovative expertise and ity supply for the Novatek-led LNG development energy to the world, through its maritime ser-
capabilities advance the next generation of global project in the Russian Arctic have thus become vices. The company also continues to strengthen
energy infrastructure,eempowering a brighter, unobtainable from Baker Hughes. its value proposition by offering ship repair,
more sustainable future for us all. Operating in Prior to the outbreak of the Ukraine con- industrial and offshore fabrication, towage, and
over 54 countries, McDermott’s locally-focused flict, LNG-2 was expected to launch in 2023 and other maritime services.
and globally-integrated resources include more attain full production capacity of towards 20mn Here are the key financial highlights from
than 30,000 employees, a diversified fleet of spe- tonnes per year (tpy) of LNG in 2026. the first half of 2022: Net profit of QAR730mn
cialty marine construction vessels and fabrica- Karpowership operates a fleet of around 20 ($200.49mn), increase by 14.9%. Charter of two
tion facilities around the world. ships that supply power to countries including new-build carriers recently added to the compa-
McDermott International, August 10 2022 Lebanon, Sierra Leone, Gambia, Mozambique, ny’s fleet.

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