Technip was awarded by Total E&P Congo a major(1) lump-sum contract for the engineering, procurement, supply, construction, installation (EPSCI) and pre-commissioning for the Moho Nord development project. This project is located approximately 75 kilometers off the coast of the Republic of the Congo, at water depths ranging from 650 to 1,100 [...]

COSL Drilling Europe AS, has announced that Norwegian oil company Statoil has exercised its second 2-year option for the COSLPioneer semi-submersible rig. Under the contract extension the rig will proceed to operate for Statoil until August 2016. The dayrate for the contract was not revealed. The COSLPioneer is a harsh [...]

Construction buyers have reported workloads growing at the fastest rate since June 2010. The latest Markit/CIPS UK Construction Purchasing Managers’ Index  for July jumped to 57 from 51 in May. Any number above 50 represents a rise in the market and July’s figure was the third monthly rise in a [...]

Minnesota Power, a division of ALLETE (NYSE:ALE), plans to begin construction this year on a 200-megawatt expansion of its Bison wind project that will deliver more economical, carbon-free energy to customers while substantially meeting Minnesota’s renewable energy standard of 25 percent renewable energy by 2025. The project will be the [...]

The number of rail journeys in Britain is the highest since records began, newstatistics from the ORR show. Journeys increased by 6% from 2010-11. In 2011-12, there were 1.23bn journeys compared with the previous year. In England there were 1.11bn rail journeys, with 67.3% of those starting and ending in London. [...]

Royal Dutch Shell has announced that its second quarter 2013 earnings, on a current cost of supplies (CCS) basis  , were $2.4 billion compared with $6.0 billion in the same quarter a year ago. Second quarter 2013 earnings included an identified net charge of $2.2 billion after tax, mainly reflecting [...]

Petrofac has won a €40 million contract from Siemens Energy to provide support during the commissioning phase of two offshore wind converter station platforms in the German North Sea. It is the first contract win since Petrofac established Petrofac Deutschland GmbH in November 2012 to take advantage of the growing [...]

Balfour Beatty has struck a deal with Fujitsu to transform its IT infrastructure and drive down costs. Standardisation of IT systems and computer kit across the company will save Balfour millions during the five-year deal. The deal will see 67 Balfour staff transfer over to Fujitsu who will now host [...]

UK: Rolling stock repair and refurbishment company Railcare was been placed in administration on July 31, with restructuring partners Kim Rayment, Ian Gould and Bryan Jackson from BDO appointed joint administrators. Railcare operates former British Rail workshops at Springburn and Wolverton, and has around 500 staff. BDO said the administrators [...]

Apache Corporation said today that the third well in the Bacchus Field in the United Kingdom sector of the North Sea has pushed field production past 17,600 barrels of oil per day. Apache has a 50 percent interest in the field. The Bacchus B-1 development well, which commenced production in [...]

A proposed onshore wind farm development in Sutherland, Scotland has been substantially reduced in size following an environmental impact consultation. Developer SSE’s proposal for its Strathy South wind farm, which has been in the planning stage since 2007, has been reduced from 77 turbines to 47. In addition, the number [...]

Costain has acquired specialist oil and gas project management services company EPC Offshore in a deal initially worth £9.6m. The acquisition also sees the launch of a new division – Costain Upstream – which will provide services across the life-cycle of upstream offshore oil and gas assets. EPC employs 75 [...]