Subsea 7 S.A. (Oslo Børs: SUBC, the Company) today announced an increase in the estimated full-life project loss on the Guará-Lula NE project, offshore Brazil. As a result, the Company no longer expects full year Adjusted EBITDA to show progress compared to 2012.
Balfour Beatty, the international infrastructure group, announces that its professional services division, Parsons Brinckerhoff, has been awarded a £56 million ($87 million) contract by the Public Works Authority of Qatar (Ashghal) for pre tender and post tender professional consulting services for the Qatar Expressway programme.
Petrofac is pleased to announce that Petrofac Emirates, its joint venture with Mubadala Petroleum, has been awarded an onshore engineering, procurement and construction (EPC) contract by Abu Dhabi Company for Onshore Oil Operations (ADCO) for the development of the Bab Habshan-1 project. The contract was awarded following a competitive tender and is valued at US$187 million.
The construction of a new and ultra-advanced telescope will make it possible for astronomers to search for planets where life may exist in 10 years’ time. Ramboll has been chosen as consultant for the procurement and construction process.
The Government of South Australia has announced a wholly owned subsidiary of Northern Petroleum Plc (AIM:NOP) as the successful bidder for 100% of Petroleum Exploration Licence (PEL) 629 covering an area of 5,800km2 with shale oil prospectivity in a so far lightly explored but producing portion of the onshore Otway Basin with five gas fields having significant amounts of condensate.
Total announces that it has been awarded 10 new exploration licenses during Brazil’s 11th bid round.
Statoil was the highest bidder on 6 licenses in the 11th Round, the first licensing round in Brazil since December 2008. With the new licenses, Statoil has strengthened its position in the Espirito Santo basin.
Toshiba Corporation (Tokyo: 6502) today announced that its proposal of communication system for smart meter has been selected by Tokyo Electric Power Company (TEPCO) in the public tender. Today, the two companies have reached an agreement to further discuss on Toshiba’s supply to TEPCO with communication system for smart meters.
Dominion Virginia Power welcomed the news today that the U.S. Department of Energy had selected a company-led team to begin award negotiations for initial engineering, design and permitting for an offshore wind turbine demonstration facility off the coast of Virginia.