SNC-Lavalin secures five years of Middle East oil and gas construction work
Canada’s SNC-Lavalin has signed a five-year agreement with Saudi Arabian oil and gas firm Al Khafji Joint Operations (KJO), a joint operations company comprised of Aramco Gulf Operations Company Limited and Kuwait Gulf Oil Company.
The Canadian firm will be called upon for KJO’s major projects to carry out engineering work including rig construction and subsea pipeline installations.
The work also includes upgrades to existing offshore platforms and jackets, onshore crude and gas handling facilities, gas pipeline networks, utilities, waste water treatment facilities, and instrumentation systems.
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Christian Brown, President, Oil & Gas, SNC-Lavalin, commented: “It’s a testament to the strong working relationship between KJO and our team, built up over almost a decade working together, that we’re able to secure another important framework agreement with KJO.
“These agreements allow us to work closely as a trusted partner to our clients, providing valuable engineering services over many years.”
KJO’s operations predominantly cover oil and gas exploration, development and production in the offshore area close to the Saudi-Kuwait border, including the Khafji and Hout oil fields which have been in production since the 1960s.
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.