NLNG chooses contractor for Train 7

Nigeria LNG (NLNG) has chosen a consortium made up of Saipem, Chiyoda and Daewoo E&C (SCD) to carry out work on the project’s seventh train. The choice of the SCD consortium was set out on September 11 at a ceremony in Abuja, with the signing of a letter of intent (LoI).


Video: Construction starts on Statoil’s Johan Sverdrup

Statoil's flagship Johan Sverdrup is one of the five biggest oil fields on the Norwegian continental shelf. It's estimated to hold between 1.7billion and 3billion barrels of oil equivalent, Its peak production is expected to equal 25% of all Norwegain petroleum production. The first phase of development work will provide some 51,000 man years of work in Norway.


McDermott beats trends with profit boost

McDermott International has managed a profit boost during the second quarter of the year. The engineering and construction company was hit by a better-than-expected revenue growth which took its earnings outlook from $50million to $70million. Its previous view had been for $25million to $50million.