May 2015 - Industrial Valve Insights 49

IMI Critical Engineering Hired to Produce Extremely Large Choke Valves for Offshore

Reverse Osmosis Desalination Kick-started in Qatar with Ras Abu Fontas A3 Project

Israel Scales Up Reverse Osmosis Desalination to Slash Costs with a Fourth of the Piping

Many projects are detailed in monthly updates under Industry Analysis in the Report’s Chapters

OIL & GAS
OTHER ELECTRONICS
PHARMACEUTICAL / BIOTECH
PULP & PAPER
REFINERIES
SEMICONDUCTOR

International Monetary Fund has lowered its outlook for Canadian economic growth.

It describes Canada’s recent performance as “solid” but says the risk to its growth has been increased by an unusually large drop in oil prices, weaker business investment in the energy sector and lower employment growth

The latest projection from the Washington-based agency calls for the Canadian economy to grow 2.2% in 2015, down from the January estimate of 2.3%.

Canada is expected to outperform Japan and countries that use the euro, but lag behind the United States and the United Kingdom.

The IMF estimates in a report that the American economy will grow 3.1% this year and the U.K’s real gross domestic product will grow by 2.7%.

The IMF also predicts the 18 countries that use the euro will expand 1.5% in 2015, up from a January forecast of 1.2%. The fund forecasts that Japan will grow 1.0% this year, versus an earlier forecast of 0.6%.

Exports have been touted as a savior of the economy, with Canadian exporting set to rise on the lower dollar…The remaining text is not included in this sample.

Is it time to start panicking about China’s debt? If you believe Beijing won’t support the municipalities that have overdosed on credit over the last few years, then absolutely. But overall, China’s federal level debt remains low, bank’s remain strong despite higher non-performing loans on the balance sheet, and yet we still get a total debt to GDP ratio of a whopping 282%.

First, a little comparison. The U.S. total debt to GDP, which includes household and corporate debt, is 331.7%. The economy has not imploded because of that, though there are plenty of people out there with books and newsletters to sell who say it is only a matter of time. They might be right. The same holds for China.

McKinsey Global Institute blamed China’s debt burden on a credit bubble which began in earnest in 2009. Back then, China was trying to plug up the holes left by the U.S. and European financial crisis. China is export dependent. When its two biggest clients fell because of its own credit bubble, China did what all economies do in crisis — stimulate, stimulate and stimulate some more.

McKinsey says local debt is the biggest problem. Central government debt is still low, at around 64% of GDP. That gives the government room to — well, stimulate some more. The central bank is currently running its own mini-QE program, which has helped the stock market beat the MSCI Emerging Markets Index by a landslide year-to-date…The remaining text is not included in this sample.

Investors can expect mostly upbeat data from Eastern European markets this week, despite the potential contagion from recession in Russia and financial crisis in Greece, according to Capital Economics.

Russia, Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia are scheduled to report first quarter GDP figures this week. The Russian economy likely contracted by around 3% year over year, with inflation hurting consumer spending. “But industry has held up reasonably well, which has prevented an even sharper fall in output,” Capital Economics writes. For central and southern Europe, Capital Economics sees an expansion in output of 3% year over year for the region, compared with 2.7% in the fourth quarter of 2014. Capital Economics adds:

“There has been very little evidence, so far at least, that the recession in Russia and renewed problems in Greece have had any impact on activity in the region … At a country level, we think that Hungary and Poland were the region’s best performers. We have penciled in GDP growth of 3.3% y/y in both countries, which would roughly be in line with the fourth quarter’s outturn. Elsewhere, we think growth in the Czech Republic accelerated to around 2.0% y/y in the first quarter, from 1.4% y/y in the fourth quarter, and would highlight that the chance of an upside surprise here is high.

As for Russia, Capital Economics expects preliminary first quarter GDP contraction due to the toll from “low oil prices, last year’s ruble crisis and Western sanctions.”

The slump in consumer-facing sectors was probably the biggest drag on growth in Q1 as households’ real incomes collapsed on the back of soaring inflation. Retail sales contracted by 6.9% y/y in real terms over the first three months of the year. Investment in productive capacity was also hard hit, falling by 6.1% y/y in Q1…The remaining text is not included in this sample.

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FMC Technologies and Technip to Launch Forsys Subsea JV - Revision Date: 5/5/2015

Oceaneering Announces Contract for Offshore Cape Three Points Development - Revision Date: 5/5/2015

EastSiberian Plc Signs Cooperation Agreement with Petronic in Nicaragua - Revision Date: 5/5/2015

OneSubsea Delivers Multiphase Compressor to Statoil for Gullfaks Field - Revision Date: 5/5/2015

East African Leaders Woo Investors for Infrastructure Plan - Revision Date: 5/5/2015

Canada Asks Pipeline Regulator for Safety Guidelines by 2016 - Revision Date: 5/5/2015

Alfa Laval Wins SEK 115 Mln Offshore Pumping Systems Order - Revision Date: 5/5/2015

Two U.S. Funds to Invest $900 Mln in Mexican Gas Pipeline - Revision Date: 5/5/2015

Williams Seeks FERC Approval for Fully Subscribed Pipeline Expansion to Serve Southeast - Revision Date: 5/5/2015

Meritage Midstream Announces January Startup of NGL Pipeline in Powder River Basin - Revision Date: 5/4/2015

Glori Energy, Petrobras Commence Field Wide Implementation of AERO™ System in Brazil

PA DEP Revised Rulemaking Proposal for Oil and Gas Well Environmental Protection Performance Standards - Revision Date: 5/4/2015

Howard Energy Partners Expands into Marcellus Shale with Acquisition of PA Pipeline System - Revision Date: 5/4/2015

South Africa’s SacOil Signs Agreement to Study $6 Bln Gas Pipeline Project - Revision Date: 5/4/2015

Libya Declares Force Majeure on 11 Oilfields Due to Insecurity - Revision Date: 5/1/2015

Technip Awarded Contract to Supply High Technological Flexible Pipes for Lula Alto Pre-Salt Field - Revision Date: 5/1/2015

Work on Pateke-4H Subsea Tie-back Project Underway at New Zealands’s Tui Oil Fields - Revision Date: 5/1/2015

PSE&G Unveils 5-Year Proposal to Continue to Replace Aging Gas Infrastructure - Revision Date: 5/1/2015

OriginOil Launches CLEAN-FRAC PRIME for Standalone Frack Water Treatment - Revision Date: 4/24/2015

Kinder Morgan Confirms Anchor Shippers for Northeast Energy Direct Project - Revision Date: 4/24/2015

Honeywell Wins Project Management, Engineering Deal for Offshore Vietnam Te Giac Trang Field - Revision Date: 4/24/2015

Technip Awarded Contract from Petrobras Consortium to Supply Flexible Pipes for Lula Alto Field - Revision Date: 4/24/2015

Center for Sustainable Shale Development Expands Its Wastewater Treatment Standard - Revision Date: 4/24/2015

Wood Group Kenny Secures FEED Contract with Woodside for North West Shelf (NWS) Project - Revision Date: 4/23/2015

L&T Completes $400 Mln Adma-Opco Contract for Umm Lulu Phase-I and Nasr Phase-I Field Projects - Revision Date: 4/23/2015

Flexible Pipe Specialist FlexTech Starts 2015 with Contracts worth over £250,000 - Revision Date: 4/23/2015

Aker Solutions Develops Capping Technology to Limit Deepwater Drilling Risks - Revision Date: 4/23/2015

Petroleum Detected in Fish Tested after Yellowstone River Pipeline Spill - Revision Date: 4/23/2015

Oneok Partners Halting Construction at Three ND Gas Plants - Revision Date: 4/23/2015

FES International Subsea Engineering Firm Wins $2 Mln Contract from Saipem - Revision Date: 4/22/2015

Technip Awarded Subsea Contract for the Glenlivet Project, West of Shetlands, UK - Revision Date: 4/22/2015

Fluor Partnership Wins Natural Gas Development Contract in Brazil - Revision Date: 4/22/2015

Statoil and Partners Award Aibel $1 Bln Johan Sverdrup Contract - Revision Date: 4/22/2015

Subsea 7 Wins Contract for Persephone Project in Australia - Revision Date: 4/22/2015

Petrofac and McDermott Team up to Target Global SURF Opportunities - Revision Date: 4/21/2015

Genoil and Hebei Zhongjie Petrochemical Sign $700 Mln Contract for Heavy Oil Refinery Utilizing GHU Technology - Revision Date: 4/21/2015

NFEC Signed Contract with Gansu Coal Group to Deliver Valve Products - Revision Date: 4/21/2015

Oman Producing All-Out on Oil as Price Rout Seen Over - Revision Date: 4/21/2015

Global Projects worth $200 Bln Cancelled due to Low Oil Prices - Revision Date: 4/21/2015

Venezuela and Trinidad & Tobago Sign Natural Gas Exploration Agreement - Revision Date: 4/21/2015

West Virginia Oil Train Accident Brings Calls for Tougher U.S. Safety Rules - Revision Date: 4/20/2015

Husky Energy Completes 600,000 Barrels of New Hardisty Crude Storage - Revision Date: 4/20/2015

TransCanada Says Won't Build Oil Terminal at Cacouna, Quebec - Revision Date: 4/20/2015

Pemex Shelves Deepwater Exploration Plan and Cuts $4 Bln in Spending - Revision Date: 4/20/2015

Low Oil Prices Could Be a Deterrent to More than $75 Bln of Investment for Kuwait’s Energy Sector - Revision Date: 4/20/2015

BP's Restructuring Initiative Holds Potential, Results to Improve - Revision Date: 4/20/2015

Honeywell to Maintain Control Systems for Sasol CTL Plant - Revision Date: 4/17/2015

EU Politicians Edge towards Early Start Date for Carbon Reform - Revision Date: 4/16/2015

Dyna-Mac Wins S$60 Mln Topside Module Fabrication Works in Angola - Revision Date: 4/16/2015

Swiber Wins $310 Mln Contract for EPCIC Services from a South Asia National Oil Company

Amec Foster Wheeler Wins Chevron North Sea Engineering Contract - Revision Date: 4/16/2015

Petrofac Secures Strategic Services Agreements with Algeria’s Sonatrach - Revision Date: 4/15/2015

Saipem Awarded $1.8 Bln Engineering & Construction Contract for Kashagan Field Project

CO2 Solutions Provides Update on Carbon Capture Project - Revision Date: 4/15/2015

Wood Group Awarded FEED Contract on GWF-2 Development - Revision Date: 4/15/2015

OOCEP Opens $1.3 Bln Gas Field Processing Plant in Oman - Revision Date: 4/14/2015

GASCO Awards $700 Mln Abu Dhabi Gas Project to Spain’s Tecnicas Reunidas Part 2

GASCO Awards $700 Mln Abu Dhabi Gas Project to Spain’s Tecnicas Reunidas Part 1

GE and Statoil Launch Collaboration to Accelerate Development of Sustainable Energy Solutions - Revision Date: 4/13/2015

2014 Global Construction Year in Review: 72% Growth in New Projects - Revision Date: 4/13/2015

These sales leads are part of Oil, Gas, Shale and Refining Markets and Projects, and are issued bi-weekly. As a subscriber to Industrial Valves World Markets you receive a 30 percent discount for this service.

This includes only projects where there was an update during the month. There are thousands of projects in the database.

New power generation projects are tracked in two publications. Fossil and Nuclear Power Generation includes both market forecasts and project data. World Power Generation Projects has just the project data.

Project Title	First Entry Date		Location		Startup date
Simhadri III expansion-National Thermal Power Corp.	4/1/2015		India		Unknown
Sorong power plant-Japan Gasoline Co	4/1/2015		Indonesia		Unknown
Zabrze CHP plant-Fortum	4/1/2015		Poland		2018
Mae Moh ultra supercritical expansion-Electricity Gen Auth of Thailand	4/1/2015		Thailand		2018
Odessa IGCC power plant-Summit Power	4/1/2015		TX		Unknown
Duyen Hai 2	4/1/2015		Vietnam		2020
Duyen Hai 1	4/1/2015		Vietnam		2015
Manuguru power plant-Telangana State Power Generation	10/1/2014		India		2017
Bin Qasim power plant	7/1/2014		Pakistan		2018
Jaworzno ultra supercritical power plant-Tauron	7/1/2013		Poland		2019
Safaga power plant on Red Sea-Orascom	1/1/2013		Egypt		Unknown
Rampal (Friendship. Maitree) power plant-Power Development Board/NTPC	9/1/2010		Bangladesh		Unknown
Khargone ultra supercritical power plant-NTPC	4/1/2010		India		Unknown
Batang power plant-PT Adaro Energy, J-Power, and Itochu	4/1/2010		Indonesia		2019
Duyen Hai 3-3 supercritical power plant-EVN	1/1/2009		Vietnam		2018
Aqaba Stage 1-Jordan nuclear power plants	12/1/2008		Jordan		2021
Hongyanhe 1-6 nuclear power plant-CGNPC	9/1/2007		China		2021
Kusile supercriticcal power project-Eskom Project Bravo	1/1/2007		South Africa		2018
Sasan supercritical power plant-Reliance Power	1/1/2006		India		2015
Krishnapatnam B supercritic(Sri Damodaram Sanjeevaiah)-Andhra Pradesh Power			India		2015
Zuma Energy Nigeria power plant (Itobe		3/1/2015		Nigeria		Unknown
Cadiz CFB power plant-North Negros Energy Power		3/1/2015		Philippines		2018
Cox's Bazar (Matarbari) ultra supercritica plant-Bangladesh Power Dev. Board		5/1/2013		Bangladesh		2019
Kudankulam expansion (3 and 4)		9/1/2010		India		2023
Bhadreshwar power plant-OPG Ltd.		9/1/2010		India		2015
Fangjiashan 1,2		7/1/2010		China		2015
Krishnapatnam Phase 1-Thermal Powertech Corp. India		5/1/2010		India		2016
Barakah 1-4 nuclear power plant		6/1/2009		United Arab Emirates		2020
Barapukuria expansion (III)-CMC		3/1/2008		Bangladesh		Unknown
Astravyets in Ostrovetsky district--Belarus nuclear power plant		6/1/2007		Belarus		2020
Alvin W. Vogtle 3,4 nuclear power plant-Georgia Power, Oglethorpe Power		6/1/2007		GA		2020
Tanda supercritical power plant-NTPC		8/1/2006		India		2019
Moorburg 1,2-Vattenfall Europe		5/1/2006		Germany		2015
Margam biomass power plant		2/1/2015		UK		2017
Kothagudem power plant		10/1/2014		India		2018
Hub Power Co.power project		10/1/2014		Pakistan		2018
Tuticorin expansion-Neyveli Lignite		12/1/2013		India		Unknown
Dahej power plant-Adani Power		1/1/2008		India		Unknown
Metsamor-Armenia replacement nuclear power plant		10/1/2007		Armenia		2027
Tiroda Phase I and II power project-Adani Power		10/1/2007		India		2016

For more information on World Power Generation Projects, click on: http://home.mcilvainecompany.com/index.php/databases/28-energy/486-40ai