Exxon S’pore petchem project edges forward
The News Review:
- Exxon S’pore petchem project edges forward
- Cambridge Mineral Resources Plc: Quintana Gold Mine Economics
- Suez in deal to build power plant through Chile’s Central…
Exxon S’pore petchem project edges forward
Asiane – Jun 25, 2007
Jun 25 2007Reuters SINGAPRE June 25 (Reuters) – Exxon Mobil Corp. looks set to go ahead with its multi-billion dollar petrochemical project in Singapore with a major contractor seeking builders for downstream units sources close to the project said. The world’s largest oil company last July appointed a number of firms to do front-end engineering and design (FEED) but has yet to announce a final investment decision for a plant that could double its Singapore ethylene output to nearly 2 million tonnes per year (tpy). Foster Wheeler charged with planning two units and associated infrastructure has met potential sub-contractors and received initial cost estimates ahead of a staged bidding process to select sub-contractors to build an aromatics extraction unit and an oxo-alcohol plant industry sources familiar with the process said… 4 million barrels per day (bpd) of refining capacity more than half of which is geared toward export markets that are increasingly demanding cleaner-burning motor fuels. Although a number of industry sources said they expected the project to proceed Exxon Mobil has shown recently its readiness to pull the plug on projects when soaring industry-wide costs or economics go against it. In February it scrapped plans for a huge gas-to-liquids plant in Qatar after three years of study. THREE STAGESFoster Wheeler which together with Australia’s Worley Parsons Ltd. was also awarded a coordination and services contract on the project must still complete the three-stage bidding process before making final sub-contract awards industry sources said. The first stage evaluates potential contractor’s bids both technically and commercially. The second fine-tunes costing contract scope and includes interviews to vet key personnel.
Cambridge Mineral Resources Plc: Quintana Gold Mine Economics
newsblaze.com – Jun 25, 2007
(”Competent Person’s” report in terms of the JRC Code). Mineral processing is simple and excellent recoveries are indicated from scoping and pilot scale metallurgical testwork conducted on behalf of CMR by Wardell Armstrong International UK. Process Plant Design and costings of both Capex and pex has been completed by GBM Minerals Engineering Consultants Ltd UK and electrical installation and switchgear have been designed by Eng. Jorge rtiz of PRYME Medellin. Tailings impoundment design and laboratory testwork was completed by Golder Associates Brazil and Peru. A full Environmental Impact Assessment (”EIA”) and a detailed environmental programme have been completed by Hernan Pulido & Associates of Medellin Colombia and the University of Minnesota USA. Colombian tax amortization and other fiscal policies within the financial model have been verified by Grant Thornton Colombia.
Suez in deal to build power plant through Chile’s Central…
Forbes – Jun 25, 2007
Construction of the first 150 MW unit of the new power station will begin in the next few weeks and the project will be completed in approximately three years time. Central Termoelectrica Andino signed an Engineering Procurement and Construction contract with Cobra a Spanish company delivering engineering operations installation and maintenance services in energy projects. Tractebel Engineering a Suez Energy Services unit will provide the technical support during the project development. Central Termoelectrica Andino also signed a 21-year electricity supply agreement with Codelco Norte a division of the worlds largest copper producer to provide up to 150 MW for the new Gaby Mine and the expansion of the Chuquicamata mine. Suez Energy International CE Dirk Beeuwsaert said that the new power station will be ‘an important part of the solution to the serious energy crisis caused by a lack of Argentinean natural gas’. ‘Along with our LNG project it will greatly increase the security of supply and diversity of fuels in the north of Chile’ he added.
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