Fluor Corporation (NYSE: FLR) announced today that it has signed an agreement to divest 50 percent of shares in its Spanish operations, Fluor S.A., to Sacyr Industrial S.L.U., a leading multinational Spanish construction company. The new entity, SacyrFluor, will be headquartered in Fluor’s Madrid operations center. The value of the divestiture is €39 million.
Wood Group has secured a new contract to carry out front-end engineering and design (FEED) for the Woodside operated proposed Browse Floating Liquefied Natural Gas (FLNG) Development, offshore Western Australia.
Alam Maritim Resources Bhd (Alam Maritim) ( Financial Dashboard) has bagged a contract for the Provision of Splash Zone Structural Repair and Maintenance from Petronas Carigali Sdn Bhd, valued at RM6 million.
Total has signed an agreement to sell 20% of its interests in the Laggan, Tormore, Edradour and Glenlivet fields, located in the West of Shetland area, to SSE E&P UK Limited Ltd for £565 million (around $876 million), subject to the customary approvals.
Solvay has begun production at its new fluoroelastomers (FKM) plant in Changshu, China, as part of its ongoing strategic site expansion, to meet booming demand for its specialty polymers from Asia's fast-growing automotive industry and multiple other high-end markets.
Technip has been awarded an engineering, procurement, construction, installation and commissioning contract by PETRONAS Carigali for the tie-in of PETRONAS first Floating Liquefied Natural Gas (PFLNG1) facility to KAKG-A platform in Kanowit field, located 200 kilometers offshore Bintulu, East Malaysia, at a water depth of approximately 80 meters.
KBR, Inc. (NYSE: KBR) announced today that it has received an award associated with the Fort Hills Oil Sands Mining Project. KBR won a reimbursable contract to provide construction services at the facility located 90 kilometers north of Fort McMurray, Alberta.
Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Corporation (MC) will build a large scale ammonia and urea fertilizer production plant for Navoiyazat Joint Stock Company (Navoiyazat JSC), a chemical production company of the Uzkimyosanoat Joint Stock Company (Uzkimyosanoat JSC) that manages chemical enterprises in Uzbekistan.
Operator Statoil and its PL146/PL333 partner Total E&P Norge have made a gas and condensate discovery in the Julius prospect in the King Lear area in the North Sea. The discovery well 2/4-23S, drilled by Maersk Gallant, proved gas and condensate in the Ula formation. Statoil estimates the volumes in Julius to be between 15 and 75 million barrels of recoverable oil equivalent.
CB&I (NYSE:CBI) today announced it has been awarded a contract in excess of $90 million by NefteGazIndustriya, LLC, through project developer MAVEG Industrieausruestungen GmbH, for the Afipsky Oil Refinery.