Dec 8, 2017

Siemens signs gas-fired power plant deal in Libya

Sophie Chapman
2 min
Siemens to open two new gas-fired power plants in Libya
The German industrial group, Siemens, has signed a deal for two gas-fired power plants in Libya. The deals were signed on...

The German industrial group, Siemens, has signed a deal for two gas-fired power plants in Libya.

The deals were signed on 7 December between Siemens Power and Gas, and GECOL, the Libyan state utility.

The industrial company made the agreements during its struggling power division which has seen the company fire staff.

In November, Siemens announced that it would be cutting almost 7,000 jobs. The 6,900 people account for 2% of the company’s global workforce.

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The company confirmed that most of the jobs will be cut by 2020 within the energy unit, following the lack of demand for gas turbines.

Siemens has decided to build the power stations in Libya due to the decreasing interest in tradition fuels in its home market of Germany and the rest of Europe.

Renewable energy sources, such as wind and solar power, are becoming increasingly popular in Europe, but there are still significant business opportunities elsewhere for the power division.

In June of this year, the company signed an €8bn (US$9.4bn) deal to supply gas and wind power plants to Egypt in order to increase the north Africa region’s electricity generation by 50%.

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May 6, 2021

Global Offshore rebrands Enelift and invests in global hubs

Tubulars
rebrand
Globalhubs
Dominic Ellis
2 min
Enelift plans to augment existing solutions with robotics and remote operational and training technology

Global Offshore has rebranded Enelift and will invest "a seven-figure sum" in establishing new support hubs in Houston, Dubai, Singapore, Perth and the Caspian during the next six months.

The investment will cover oil, gas and renewables, mainly concentrating on manufacturing capability with associated R&D, as well as in stock held in the hubs.

The company’s flagship Hinge Lok technology provides aluminium, non-welded light weight transportation cradle for casing and tubing. Enelift now plans to enhance its offering by augmenting its existing solutions with robotics and remote operational and training technology, which will reduce manpower for handling offshore equipment that is transported and stored using the Hinge Lok system.

Enelift is partnering with "a Japanese robotics company" and the technology will be trialed with "a Norwegian operator on a Norwegian drilling rig", according to a statement.

Operating from its bases in Aberdeen, UK and Esbjerg, Enelift was founded by 35-year industry veteran and Managing Director Paul Brebner 10 years ago to offer the offshore energy industries safe, reliable and efficient storage and transportation of equipment.

The expansion plans are bolstered by the appointment of Jim Clark of the Craigendarroch Group to Chairman, and Adam Maitland to Non-Executive Director. Maitland is the Managing Director of Hutcheon Mearns IF, and brings his wealth of expertise in the field of corporate finance.

Brebner said Enelift may be a new name in the market, but the experience it brings is "industry renowned".

"Our solutions are underpinned by safety that enables inefficiencies and their associated costs to be eradicated – meaning operational personnel can focus doing what they do best, safely. We remain committed to providing the safest storage and transportation solutions for equipment in the sector as we grow our global operations," he said.

Clark said the market is changing and its solutions fully support customers’ economic and safety aspirations.

"We are very well placed to take full advantage of increasing opportunities in the Middle East, Africa, Far East and Americas. Safety is our absolute commitment to our customers and our support hubs will facilitate this. Aligning our identity to our entire offering ensures that we will drive our expansion through new products and global support sites across the rest of this year."

 

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