Alcatel-Lucent News – Alcatel-Lucent and Mobitel to launch a new mobile network in Georgia

March 30, 2007

Today we featured the first Press Article from Alcatel-Lucent about Launching its first mobile network in Georgia.  For those who are not aware of Alcatel-Lucent here is some more company information.  Alcatel-Lucent provides solutions that enable service providers, enterprises and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications, and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved adjusted proforma revenues of Euro 18.3 billion in 2006 and is incorporated in France, with executive offices located in Paris. 

Please read on to see the full article….

Alcatel-Lucent today announced that it has completed the first phase of the project with Mobitel, a subsidiary of VimpelCom (NYSE: VIP), a provider of telecommunication services operating under the “Beeline” brand, to deploy a new mobile network in Georgia. The contract between Mobitel and Alcatel-Lucent was signed in September 2006. As part of the first phase of the project, Alcatel-Lucent deployed a new mobile GSM/GPRS/EDGE network covering Tbilisi, the capital of Georgia, while preparing for the introduction of 3G/UMTS and/or WiMAX. Implementation of the first phase has enabled Mobitel to commercially launch its services to subscribers in Georgia. Once the project is completed, Alcatel-Lucent’s mobile solutions will enable Mobitel to provide advanced mobile communications services to subscribers throughout Georgia. Under the terms of this contract, Alcatel-Lucent delivered its industry-leading Alcatel-Lucent Evolium™ GSM/GPRS/EDGE end-to-end solutions, including Base Station Sub-systems (BSS), NGN-based Mobile Switching Centers (NSS) as well as operation and maintenance support services. Alcatel-Lucent also delivered a high-availability IP/MPLS network based on the Alcatel 7710 Service Router. “Georgia is an important market for our company, and we hope to win a leading position in this market. We are glad that we managed to commercially launch a new network within a short time frame,” said Sergey Avdeev, executive vice-president on business development in CIS and chief technical officer of VimpelCom. “Thanks to Alcatel-Lucent experience in turnkey end-to-end projects we are able to offer already today to the customers in Georgia advanced communication services.” “This contract further strengthens our long-term cooperation with VimpelCom, and we are very proud to support VimpelCom in its drive to become one of the leading operators in CIS market,” said Johan Vanderplaetse, vice-president for Alcatel-Lucent activities in the Commonwealth of Independent States (CIS). “The network infrastructure Alcatel-Lucent delivered will help Mobitel customers enjoy some of the most advanced communication services.” Alcatel-Lucent is one of the leading suppliers in providing advanced mobile communication solutions in Russia and in the CIS, a position the company established in 1994 when it introduced the first Russian GSM network in the city of Nizhniy Novgorod. Alcatel-Lucent is a leader in high growth markets with an 18% mobile market share. According to Synergy Research Group, Alcatel-Lucent was #2 in the Services Edge Router category in Q2 2006, with 19% market share, following five consecutive quarters of market share gain.


Dow News – Growth reported in Dow’s wire and cable products

March 27, 2007
Today we reported the news about the success of Dow Chemical International has had in 2006 for its Cable & Wire Products.  Traditionally Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products for a number of Industries.  However with the constant growth in the Cable & Wire Business, especially in emerging markets, the following article talks about Dow’s success.  Please read on for the full article:Growth reported in Dow’s wire and cable products

 

Dow Chemical’s wire and cable plastics business has boosted its marketing position in Europe, the Middle East and India to take advantage of growing demand for its products. Benoit Fritz has been promoted from his position as market manager for Dow Wire & Cable in Europe to sales director for the business across the Europe, Middle East and India regions. Robert Tarimo has been named market manager for the same regions. Dow is particularly focusing on growth markets in Russia, Eastern Europe and some key countries in the Middle East.

 

Fritz said: “These markets are experiencing double digit demand growth at this time, especially in high voltage power distribution applications.” Dow has doubled its supply of high purity insulation compounds and semi-conductive compounds in Europe to meet growing demand. Among the materials launched in 2006 that are experiencing growth are enhanced PE resins for cable jacketing and semi-conductive compounds for high and medium voltage applications.


Project News – US penalties threaten Iran oil projects

March 26, 2007
Today we have included a very interesting article about how the US have been the lead figure in enforcing International Economical and Political sanctions on Iran for continuing their Nuclear Programme.  However the US have still to use their most potent tool and that is put sanctions on the International Oil Giants and other Governments who continue to operate with Iran.  However the Bush administration are planning to have a quiet word.  Read the article in full below:

 US penalties threaten Iran oil projects

For all its efforts to apply economic and political pressure on Iran over its nuclear program, the US has never used a potent tool in its arsenal — penalties on foreign companies that help Iran in oil and natural gas production. That could be about to change. The Bush Administration has quietly been warning energy companies, including Shell, Repsol and SKS, the Malaysian oil company, as well as the governments of China, India, Pakistan and Malaysia, that penalties are possible if they pursue energy deals with Iran.

 

As a result, several huge projects planned for Iran could be vulnerable. These include one possible $US10 billion ($A12.5 billion) project by Shell and Spanish oil company Repsol to develop a natural gas field offshore in Iran, and a $US20 billion venture by SKS Ventures of Malaysia to produce natural gas in Iran’s Golshan and Ferdows fields.

 

The Bush Administration has tried to avoid diplomatic or political controversies through talks. The potential for sanctions threatens the Administration with a fight with Europe if it proceeds or a fight with Congress if it does not. One factor behind the warnings is that the Democrat-controlled Congress appears to be moving quickly to pass a law that would make sanctions mandatory, out of concern about Iran’s suspected nuclear arms program and support for terrorism.

 

“What we’re trying to do is create multiple points of pressure on Iran in both the private and public sector,” said Nicholas Burns, the Under-Secretary of State for Political Affairs. “These companies also need to know that the attitude of Congress on their activities in Iran is hardening.”

 

But in orchestrating all this pressure on Iran, President Bush and his aides have been careful to avoid a boycott or other threat that might cause oil and gas prices to soar and strangle the economies of the West. Short of a cut-off, the Administration clearly wants to make it harder for Iran to tap into its oil and gas reserves to increase future exports.


Belden News – Belden New Generation CCTV/PTZ Cable Line is Extended

March 24, 2007

This News article is from our latest Multi Media Partner Belden about the introduction of a new CCTV Camera Cable.  We will be featuring further news from them and an on-line interview with their CEO.  Here is some further information about them, Belden the leading in the design, manufacture, and marketing of signal transmission solutions for data networking and a wide range of specialty electronics markets including entertainment, industrial, building management and aerospace applications. Belden has manufacturing facilities in North America and Europe as well as distribution centers in the U.S., Canada, Singapore, Australia and The Netherlands. A majority of Belden’s manufacturing, engineering and support functions are registered to the International Organization for Standardization.  Their Press Release is in full below: 

Belden New Generation CCTV/PTZ Cable Line is Extended  

 

Belden has added more Banana Peel® Composite Cables-in addition to Siamese UTP, Round UTP and Fiber Plus Copper Composite Cables-to its CCTV/Pan-Tilt-Zoom (PTZ) Camera Cable line. Belden, a world leader in the development of signal transmission solutions for wired and wireless enterprise networks, as well as broadcast/entertainment, industrial, residential and security (building management) applications, now offers a wide range of innovative new cables for pan/tilt/zoom (PTZ) cameras used in closed circuit television (CCTV) surveillance systems. Most recently added are:

 

PTZ Banana-Peel composites with coax based video, and 14 AWG Power conductors, to drive heaters and motors at a greater distance, CCTV composites for Fiber Optic based video, plus copper power conductors to drive camera heaters and/or pan &tilt motors. These cables are round, overjacketed styles with either 18 AWG copper or 14 AWG copper.

 

These cables are ideal for security applications in hospitals, airports, amusement parks, retail establishments, universities, casinos, sports stadiums and correctional facilities – wherever there is a need for a protective CCTV surveillance installation to monitor people, activities and/or assets.

 

The complete New Generation Banana Peel PTZ cables now include plenum-and riser-rated composites with (1) RG-59/U coax cable for video, STP or UTP cables for control and 2-conductor cable for power applications. Since these cables are composites, they eliminate the need for pulling individual video, power and control cables – a real time/labor-savings for the installer. But these composite cables offer even more: they feature Belden’s revolutionary Banana Peel design. In the Banana Peel design, the individual, color-coded cables are affixed to a center spline, thus eliminating the need for an overall jacket. This jacketless design, with each individual cable instantly identifiable, speeds and simplifies installation. Installers simply peel off the required cable component and it’s ready for termination.

 

The new plenum- and riser-rated Category 5e Siamese constructions consist of 2- or 4-pair UTPs plus 2 conductors. The CMR-rated Fiber Plus Copper composites consist of (2) Tight Buffer Multimode Grade 2 fibers and (2) Copper Power conductors.

 

Belden also offers a wide range of New Generation cables for pan/tilt/zoom camera applications that meet all your installation needs – whether large or small in scope – in both plenum-rated and non-plenum versions. An exceptional line of single coaxes, coaxial/twisted pair composites and unshielded multi-conductor constructions is also available for fixed camera applications.

 

For more information about Belden New Generation PTZ Composite cables, contact Belden, P.O. Box 1980, Richmond, Indiana 47375, or call 1.800.BELDEN.1 to request New Product Bulletin #256. FAX: 765.983.5294. Or visit the Web site: www.belden.com.

 

 


BP News – BP and Tata: $US 100 Million Investment to Create Solar Mega Plant in Bangalore to Meet Demands of Indian and Global Solar PV Markets

March 21, 2007

If you have not seen TV recently, you will be missing out on the adverts created by BP and Shell to make them look like environmentally friendly companies rather that Oil & Gas Giants.  Todays article talks about how BP and Tata are investing to start with $100 million which will increase to $300 million by 2010 for their Solar Energy Plant based in India.  Is this BP trying to major diversification, or to look good in the public eye as they continue to earn billions through their oil & Gas portfolio?

Below is the article in full.

Today at the inauguration of a new 36MW solar photovoltaic (PV) production line, the board of Tata BP Solar confirmed that this represents another step towards realizing the designed potential of the 300MW plant. The new production line has seen Tatt BP Solar more than double its cell manufacturing capacity to reach some 50MW per annum. The next phase of the expansion will see an additional 128MW of cell manufacturing capacity added during 2007-8. As well as the cell manufacturing capacity increase, the Tata BP Solar board has also approved investment which will double the facility’s module manufacturing capacity from 45MW to 85MW by end 2007. The Tata BP Solar board expects the total investment required to achieve the plant’s full designed potential of 300MW to be in the order of US$300 million by 2010, generating a sizable number of jobs directly and many more indirectly. This investment will ensure Tata BP Solar, already a leader in cell manufacture and the design of solar solutions, retains its position as the largest manufacturer of solar PV products in the Indian sub-continent. “This announcement confirms our commitment to maintaining market leadership by developing sustainable clean energy activities in India underpinned by world-class manufacturing,” said Syamal Gupta, Chairman, Tata BP Solar. “We have already established solid manufacturing, design, delivery and marketing capabilities. We will now continue to meet the demands of Indian and global solar PV markets.” “The Tata BP Solar team is dynamic, skilled and experienced. We are proud of its excellent track record in safety and performance delivery,” said Lee Edwards, CEO, BP Solar. “We are confident that Tata BP Solar will continue to deliver high quality products and services to diverse markets in both rural and urban areas. The talent and dedication of the Bangalore team will help us realise our vision of offering customers solar PV-generated electricity at prices on a par with conventional electricity supply.” The state-of-the-art technology, developed by BP Solar and manufactured by Tata BP Solar, will deliver products and solutions that serve both the Indian and global markets, earning substantial foreign exchange earnings for India while also increasing product supply locally.


Project News – Pakistan to offer 17 new offshore blocks

March 19, 2007
A very interesting article in our project news section is about Pakistan who are about to open up a further 17 new offshore blocks and the Pakistan government are going to offer incentives to encourage companies to come in.  With the world shortage of oil & gas coming up I doubt there will be a shortage of foreign companies to get invloved.  To read the article in full read on:

 Pakistan to offer 17 new offshore blocks

Pakistan will soon offer 17 new offshore and onshore oil and gas exploration blocks, as well as introduce a new petroleum policy with more incentives, a government official said late Wednesday. “A new Petroleum Policy of Pakistan will be unveiled soon, providing lucrative incentives for the protection of local and foreign investors in offshore and onshore oil and gas exploration”, Petroleum and Natural Resources Minster Aman Ullah Jadoon said in a statement.

 

The 17 oil and gas blocks will be offered after the policy is introduced this year, Jadoon said without providing a specific timeframe. Pakistan has a vast onshore and offshore sedimentary area spanning 827,000 square kilometers, of which around 25% is under exploration, Jadoon told officials of U.K.-based oil and gas consultancy Fugro Robertson and Austrian oil and gas company OMV (OMV.VI) separately.

 

The new policy is aimed at boosting oil and gas exploration activities in the country through the introduction of new incentives, Jadoon said. Fugro Robertson and OMV have expressed interest in expanding their presence in Pakistan. Fugro Robertson is working with Pakistan’s Oil & Gas Development Co. (OGDC.KA) until 2008, and is willing to extend the agreement, a petroleum ministry spokesperson said.

 

Fugro Robertson is advising OGDCL on bidding for the new oil and gas exploration blocks in Pakistan. OGDCL and OMV, among other companies, are considering participating in bidding for the blocks, the ministry spokesperson said. Although bidding will only open after the policy is introduced, the ministry is testing the market’s response for the new blocks.

 

“The company will help OGDCL participate in bidding for the new blocks, which were under consideration,” Fugro Robertson Managing Director Richard Fowler said.

OMV has invested $450 million in a gas field in Sindh Province to produce 550 million cubic feet of gas daily, the company’s Senior Vice President Wolfgang Stock told Jadoon, adding that OMV is keen to increase its investment in the South Asian country.

 

Pakistan has a high ratio of gas discoveries compared to the global average. Of the 572 exploration wells, 157 have been proven to be viable, with natural gas deposits totaling 43 trillion cubic feet. The global ratio is one gas discovery for every eight exploration wells.

Almost half of the 26 companies in Pakistan’s oil and gas exploration sector are foreign companies.


Nexans News – Nexans launches its new website

March 13, 2007
Nexans one of the leading Cable Manufacturers in the world have invested in developing their new web-site, which is certainly state of the art.  It is very user friendly and customer oriented, with easy to use search facilities.  I have also found it very informative, has a wealth of information and some of the sections have a great balance between written and visual content.

If you are into quirky cool functions then click on your business types from the front page i.e. Oil, Gas and Petrochemical and it takes you to a section where you get to see where each type cable fits into a diagram.  It will show where the Cable is either an Umbilical that is used under water for telecommunications, a topside power cable that is on a Oil Rig, etc.  I would say it is certainly one of the leading web-site’s in the Cable & Wire Industry.  Please read on for the full press article:

    Nexans launches its new website

Nexans, the worldwide leader in the cable industry, has announced the launch of its new website. Nexans, the worldwide leader in the cable industry, has announced the launch of its new website. As well as a new design, this new website results from the merger of two distinct sites run in parallel by the Group: a general site providing information about the company, its geographic locations, its market segments, etc, and the e-service site presenting among other functionalities the on-line catalogue of Nexans products and services and customer dedicated extranets.

 

A customer orientated website

 

With this new web tool, Nexans continues its strategic plan which one of the objectives is to reinforce its customer orientation. A powerful marketing tool with multiple access to product and market solutions, this new gateway boasts over 300,000 product sheets, detailed installation guides and sophisticated calculation tools amongst other information.

 

Each country adapts, in its language, the global offer of Nexans segmented according to its customers’ applications and to the specificities of the local market. Lastly, the new website aims at developing closer relationships with the Group’ customers. Registered customers benefit from further functionalities and additional services.

“This new Internet site is a strategic project for Nexans. It aims at meeting the needs of all the Group’s audiences throughout the world: existing and potential customers, financial analysts and shareholders, employees and possible candidates, journalists, official or governmental organizations.

 

Now equipped with a more powerful tool, Nexans reinforces not only its visibility and its competitiveness on the worldwide cable market but also stresses on its customer orientated strategy”, said Pascal Portevin, Executive Vice President Strategic Operations of the Group.

A single and dynamic platform

Following the convergence of these two sites, the Group has from now on a single platform providing all kinds of content to all web users. The objective of the international team (approximately 15 people) in charge of this project for over one year, was indeed to facilitate the global access to relevant and complete information and to encourage direct and local contacts.

 

The general site structure was thus simplified, the navigation improved and the search engine strengthened. The website now offers more animated content including filmed interviews of experts, on-line training session and dynamic presentations of offers and products.

 

The site is based on the latest technologies for web development. It uses the latest Open Source components of the Java world and Web 2.0. Moreover, its architecture ensures a compatibility with Nexans various IT systems and allows the implementation of further value-added services (orders, invoices, stocks, etc).

 

Powerful collaborative tool

 

From now on, 32 local websites from different countries are connected to one single platform. This gateway is a strong collaborative tool. It encourages knowledge sharing and the immediate distribution of information to all the users, without any geographical discrimination.

 

About Nexans

 

Nexans is the worldwide leader in the cable industry. The Group brings an extensive range of advanced copper and optical fibre cable solutions to the infrastructure, industry and building markets. Nexans cables and cabling systems can be found in every area of people’s lives, from telecommunications and energy networks, to aeronautics, aerospace, automobile, railways, building, petrochemical, medical applications, etc. With an industrial presence in more than 30 countries and commercial activities throughout the world, Nexans employs 20,000 people and had sales in 2005 of 5.4 billion euros. Nexans is listed on the Paris stock exchange. More information available on www.nexans.com


Coleman Cable News – Coleman Cable to acquire Copperfield for US$213 million

March 12, 2007
Today we have a very interesting story on Coleman Cable purchasing rival company Copperfield LLC, thus increasing the size of the company and making them one of America’s leading Manufacturers for electrical and electronic wire and cable products.

With the emergence of Cable Manufacturers from the developing countries, maybe the only way to stay competitive in the US is to create company synergies by almagamation?  Read the article below in full. 

Coleman Cable, Inc. and Copperfield, LLC (“Copperfield”) announced today that Coleman Cable has agreed to acquire all of the equity interests in Copperfield for $213 million in cash. Management believes that the Coleman Cable-Copperfield combination will result in one of the premier U.S. based manufacturers of electrical and electronic wire and cable products. Copperfield, currently majority owned by Spell Capital Partners, is one of the largest private fabricators and insulators of copper electrical wire and cable in the United States.

 

Copperfield sells its wire and cable products to industrial distributors and OEMs which operate in a diversified set of end markets including electrical, recreational vehicle, transportation, appliance and welding cable sectors. Copperfield estimates that its revenues and EBITDA for the twelve months ended December 31, 2006 will be approximately $520 million and $35.3 million, respectively. The strategic acquisition of Copperfield broadens the scope of Coleman Cable’s product offering, further strengthens its strategic relationships with industrial distributors and increases Coleman’s end-market diversity.

 

Coleman Cable anticipates meaningful expense synergies from the realignment of the combined company’s manufacturing footprint and the expected purchasing opportunities resulting from the combination. Excluding expense synergies, Coleman Cable expects the acquisition of Copperfield to be accretive to earnings per share for 2007. Coleman Cable intends to use debt financing to consummate the acquisition. The transaction, which is subject to customary closing conditions and approval by necessary regulatory authorities, is expected to be completed during the second quarter of 2007.

 

“Copperfield is an excellent strategic fit and a logical step in the continued growth and development of our business,” said Gary Yetman, CEO of Coleman Cable. “This transaction represents a unique opportunity to acquire a preeminent industry player and seasoned management team that will significantly enhance Coleman Cable’s position as a leading provider of wire and cable products in numerous niche industrial end markets.”

 

Richard Carr, Copperfield’s CEO, stated: “The entire Copperfield family welcomes the opportunity to join forces with Coleman Cable. Our new platform will enhance the value proposition of both organizations and provide our diverse customer base with an even greater variety of products and services. Mike Frigo, Copperfield’s COO, and I look forward to continuing our roles with the new company and being part of this exciting transaction.”

 

Coleman Cable plans to have a conference call with its investors to discuss the Copperfield acquisition in early April, shortly after the closing.

 

Wachovia Capital Markets, LLC is serving as Coleman Cable’s financial advisor for the acquisition. William Blair has provided a fairness opinion. Mayer, Brown, Rowe & Maw, LLP, is acting as the company’s legal advisor. Lincoln International LLC is serving as Copperfield’s exclusive financial advisor and Fredrikson & Byron, P.A. is acting as legal advisor to Copperfield and to Spell Capital Partners.


Energy news – Iran shrugs off U.N. pressure over its nuclear defiance

March 9, 2007

It seems to be the major topic of debate at the moment, will Iran choose to stop their Nuclear programmes.  They rightly know that at the moment nothing is going to happen to them.  The problem with sanctions as always is that it is the people who suffer and not those in power.  If you visit our About US page you will see a very interesting comment about how India and Pakistan were allowed to develop Nuclear power as they were banned from setting up a major gas pipline from Iran.  The full article is below: 

Iran on Thursday shrugged off the latest punitive U.N. action — suspension of nearly two dozen nuclear programs — and showed no signs it was cowed by the possibility of even tougher penalties in the form of new Security Council sanctions. Thursday’s decision by the 35 board nations of the International Atomic Energy Agency to deprive Tehran of 22 technical aid projects was symbolically important. Only North Korea and Saddam Hussein’s Iraq had been subject to such action previously. Still, none of the programs directly applied to the Islamic republic’s developing uranium enrichment program — which Tehran refuses to mothball despite nearly three months of Security Council sanctions and the possibility that those punitive measures may be tightened. Ali Ashgar Soltanieh, Iran’s chief delegate to the IAEA, said as much after the board agreed by consensus to suspend the programs. “None of these projects are related to enrichment,” he said of the suspensions. “The enrichment program will continue as planned.” IAEA technical aid projects are meant to bolster the peaceful use of nuclear energy in medicine, agriculture, waste management, management training or power generation. The technical aid is provided to dozens of countries, most of them developing nations — but none suspected of possibly trying to develop nuclear weapons, like Iran. Enrichment, in contrast, has both peaceful and military applications. Iran says it wants to develop its enrichment program only to general nuclear power, and enrichment is not prohibited under the Nuclear Nonproliferation Treaty. But Tehran’s secretive nuclear ways — it hid sensitive activities from the world for nearly two decades until revelations four years ago of a covert enrichment project — led the Security Council to impose sanctions Dec. 23 because of fears its nuclear activities were a cover for a weapons program. Still, there is little evidence the sanctions are working beyond generating some domestic criticism of hardline Iranian President Mahmoud Ahmadinejad, who last month compared Iran’s enrichment program to an unstoppable train without brakes. And the sanctions themselves are less than their chief proponent, Washington, would like. Instead of choking off Iran economically and politically, they are relatively mild, only committing all U.N. member countries to stop supplying Iran with materials and technology that could contribute to its nuclear and missile programs and to freeze assets of 10 key Iranian companies and 12 individuals related to those programs. Russian and Chinese opposition to tougher action blunted Washington’s sanctions drive — and there was evidence of the same in attempts to keep Security Council unity on new sanctions meant to punish Iran for ignoring last month’s deadline on suspending enrichment. Council diplomats on Wednesday said the five permanent Council members were again struggling, with U.S., Britain and France pushing for tougher measures than Russia and China will accept. The impasse led to Security Council ambassadors sending the problem back to high level discussions among their capitals. Pundits often compared Iran to North Korea — the other country of nuclear concern that recently agreed to disarm — in arguing that sanctions work. But in the North’s case, any such pressure was a serious blow to a country that had few friends in the outside world and a devastated economy. And Iran’s oil leverage — it’s OPEC’s second-largest producer_ gives it extra clout in its standoff with much of the international community, along with its status as a regional power and protector of Shiite Muslims. The North is “an incredibly isolated state that has no friends and no significant resources to export,” says Matthew Bunn, with Harvard University’s Managing the Atom project. “But Iran is a state with vast oil and gas resources and a web of commercial and political relations with a large number of important states. “That makes for a huge difference in terms of the international community’s willingness to put leverage on them.” Ahead of the IAEA decision on technical aid in Vienna, Soltanieh accused the United States and Israel of threatening military attacks on its nuclear facilities and said Security Council sanctions against his country were illegal. Washington in turn criticized Tehran for ignoring Security Council demands to freeze uranium enrichment and said Iranian “intransigence” in answering questions about its nuclear program raises the level of concern that it might be seeking to make nuclear arms. Those comments, inside and on the sidelines of the meeting, came as part of a review of a report by IAEA chief Mohamed ElBaradei that confirmed Iran had defied a Security Council deadline on enrichment last month.


Project News – Technip Wins US$200 million Charter from Petrobras

March 7, 2007
In todays Project News we feature the story of Technip winning a US$200 million contract from Petrobas off the coast of Brazil.  When it comes to the Subsea Business, Technip are seeming to pick up all the contracts or are they the only company in the subsea business who actually tell you they are winning the contracts?  Does anyone know?  Please read the full Press Release below: 

Technip Wins US$200 million Charter from Petrobras

 

Technip has won an approximately $200-million contract from Petrobras for the four-year charter of its flexible pipe laying vessel Sunrise 2000, operating offshore Brazil. This contract could be renewed for four years. The Sunrise 2000 is a dynamically positioned vessel specially designed to install flexible flowlines and umbilicals in water depths down to 2,000 meters.

 

The vessel is able to simultaneously lay three lines, either flowlines or umbilicals, and for that purpose has built-in carousels providing the vessel with a cargo capacity of 3,775 tons of products and is equipped with Technip’s patented vertical lay system (VLS). This technology allows the installation of flexible pipes up to a maximum dynamic load of 270 tons.

 

The Sunrise 2000, which has been under long term contract with Petrobras since 1995, successfully installed subsea pipes for the development of the Roncador, Albacora Leste, Marlim and Marlim Sul fields, among other projects.

 

–Flowline: a pipe, laid on the seabed, which allows the transportation of oil/gas production or injection of fluids. Its length can vary from a few hundred meters to several kilometers.

 

–Umbilical: an assembly of hydraulic hoses that can also include electrical cables or optic fibers used to control subsea structures from a platform or a vessel.

With a workforce of 22,000 people, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York and Paris.

 

The Group’s main operations and engineering centers and business units are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the USA, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. In support of its activities, the Group manufactures flexible pipes and umbilicals, and builds offshore platforms in its manufacturing plants and fabrication yards in France, Brazil, the UK, the USA, Finland and Angola, and has a fleet of specialized vessels for pipeline installation and subsea construction.


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