KBR to Move Away from LNG, Energy Business
Engineering and construction firm KBR Inc will exit most of its liquefied natural gas (LNG) construction and other energy projects, it told investors and employees, as customers pull back on energy investments.The company will refocus on government contracts and technology businesses, Chief Executive Stuart Bradie wrote to employees on Monday.
KBR Wins Aramco Offshore Contract
American engineering company KBR, Inc., announced that it has been awarded a project management contract by Saudi Aramco to provide project management services for Saudi Aramco's offshore program.KBR will provide project management and engineering services for existing and new offshore…
Global FPSO Market to Hit USD30Bln by 2025.
The floating storage and offloading (FSO) vessel market is anticipated to surpass USD 30 billion by 2025, said a study.The FPSO market is set to witness vigorous growth on account of shifting trends toward offshore exploration & production driven by depleting onshore oil & gas reserves…
Shell Awards FEED Work for Crux
Wood and KBR,Inc. have secured a new multimillion dollar contract to deliver integrated front-end engineering design (FEED) for Shell Australia’s Crux project to build a not normally manned (NNM) platform and gas export pipeline located approximately 600km north of Broome, offshore…
Wison, KBR Team up for FLNG Project
Wison Offshore & Marine said it has signed a memorandum with KBR, Inc. for cooperation on a 1.5 MPTA floating liquefied natural gas (LNG) liquefaction unit (FLNG) in Southeast Asia. The companies will collaborate on a mutually exclusive basis for Kumul Petroleum Holdings Limited's FLNG project in Papua New Guinea.
Slumping Oilfield Services Sector bets on Offshore Tech
The oil industry's top equipment and services suppliers this week are hawking vastly cheaper ways of designing and equipping subsea wells, aiming to slash the cost of offshore projects to compete with the faster-moving shale industry. At the Offshore Technology Conference, the industry's annual gathering of floating rig and subsea well suppliers…
CIMIC sues Chevron over Gorgon LNG Dispute
Australian construction company CIMIC Group said on Monday it had started court proceedings in the United States against Chevron Corp and KBR Inc, seeking as much as A$1.86 billion ($1.42 billion) regarding a dispute over the jetty at the Gorgon LNG project in Western Australia. CIMIC…
Pemex Loses US Appeal of $406 Mln Arbitration Award
A U.S. appeals court on Tuesday upheld a decision confirming a $406 million arbitration award won by a unit of KBR Inc in a contract dispute with Mexico's national oil company, Pemex. The 2nd U.S. Circuit Court of Appeals in New York let stand a decision confirming an award of $300 million even though a Mexican court had nullified it…
Woodside Appoints Pickard Non-executive Director
The Board of Woodside has appointed Ms Ann Pickard as a non-executive director effective 29 February 2016. Ms Pickard joins Woodside as an independent director. Woodside Chairman Michael Chaney said that Ms Pickard had significant international business experience. “The directors…
Semple, Utt Join Teekay Board of Directors
Teekay Corporation announced today that Alan Semple and Bill Utt have each accepted an invitation to join Teekay's Board of Directors, effective immediately. Semple and Utt will replace William B Berry and Dr. Ian Blackburne who have announced their retirement from the Teekay Board after serving as Directors since 2011 and 2000, respectively.
Bear Head LNG Clears Hurdle in Further Development
Assessment for the development of an 8 mtpa LNG export facility in Point Tupper, Nova Scotia. The NSE approval is the last of the 10 initial federal, provincial and local regulatory approvals needed to construct a LNG export facility on the Strait of Canso in Nova Scotia. Bear Head…
Magnolia Inks Deal with KBR
Magnolia LNG LLC (MLNG), wholly owned subsidiary of Liquefied Natural Gas Limited executed a Technical Services Agreement (TSA) with Kellogg Brown & Root LLC, a wholly owned subsidiary of KBR, Inc. (KBR) to undertake cost verification and provide other services supporting MLNG project delivery.
KBR, Daewoo win Eni FLNG FEED
KBR Inc. announced today that the KD Consortium, consisting of KBR and Daewoo Shipbuilding & Marine Engineering Company, Ltd, has been awarded a front end engineering design (FEED) contract by Eni East Africa SpA for a floating liquefied natural gas (FLNG) facility for the Coral South Development Project located in Mozambique.
Kvaerner, KBR Partner for Johan Sverdrup Contracts
Kvaerner and KBR, Inc. will establish a joint venture to competitively bid on offshore platform topsides contracts for the Johan Sverdrup field development offshore Norway, the companies announced. The alliance combines Kvaerner's expertise and resources as a turn-key contractor for…
