John Lawrie Group has made a £1.9million investment as it moves to continue its expansion in the United States.
The Energean Power hull has undocked from the COSCO shipyard, in Zhoushan, China, and floated out.
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).
Balfour Beatty announced a 14% jump in underlying profits yesterday, saying the performance was boosted by growing its business outside the UK.
Hereema Fabrication Group (HFG) said it will cut 450 jobs in the UK, Netherlands and Poland as a result of poor market conditions.
Construction work on Europe’s largest floating wind farm will begin later this year after the Crown Estate granted a lease to Norwegian multinational Statoil.
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.
Protests are to be held across the country amid claims that engineering construction firms are undercutting non-UK workers.
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.
Norwegian marine architect Marin Teknikk has revealed that it has the contract with Shanghai Zhenhua Heavy Industries (ZPMC) covering the design and engineering delivery for a large multi-purpose diving support and construction vessel for Singapore-based subsea contractor Ultra Deep Solutions (UDS). Delivery is planned for early 2017.