As U.S. LNG producers continue to progress a bevy of Gulf Coast export projects to meet global demand for natural gas volumes, Bechtel Energy President Paul Marsden said the engineering firm is focusing on innovative solutions for the region’s ballooning labor issues during the next wave of infrastructure build-out. Over the past few decades, Virginia-based…
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Woodfibre Taps McDermott to Begin Initial Work on LNG Export Project
Woodfibre, a liquefied natural gas (LNG) export project planned for the Pacific coast of British Columbia, has moved a step closer to sanctioning after it awarded a C$1.6 billion ($1.3 billion) construction contract to engineering giant McDermott International Ltd. The LNG project on Tuesday also set a schedule to begin pre-installation work in early 2022…
Qatar Petroleum Awards $2B EPC Contract for North Field to Build LNG Prowess
State-owned Qatar Petroleum (QP) has dished out an engineering, procurement and construction (EPC) contract worth more than $2 billion to expand the liquefied natural gas (LNG) storage and loading facilities for the giant North Field East (NFE) project. QP said Monday the lump-sum EPC contract was awarded to Samsung C&T Corp., only weeks after picking…
Venture Global Selects KBR to Lead Construction on Phase One of Plaquemines LNG
Venture Global LNG Inc. has selected KBR Inc. to lead the first phase of construction for its Plaquemines liquefied natural gas (LNG) export project in a surprise announcement just months after KBR said it would exit the energy business. Venture Global said as the engineering, procurement and construction (EPC) contractor KBR would “integrate highly modularized,…
McDermott Emerges from Chapter 11, with $4.6B Wiped from Debt
Houston-based McDermott International Ltd. has emerged from voluntary bankruptcy and cleared nearly all of its $4.6 billion debt off the books. The engineering, procurement and contracting (EPC) giant, which launched restructuring through Chapter 11 early this year, emerged with a $2.4 billion letter of credit capacity and $544 million of funded debt. “We will continue…
KBR Exit from Energy Business to Benefit Other EPCs in U.S. LNG Build-Out
KBR Inc. is exiting the energy business to expand its core government and technology businesses, leaving a handful of North American liquefied natural gas (LNG) projects to seek out new engineering, procurement and construction (EPC) contractors. In an investor presentation earlier this month, CEO Stuart Bradie said the decision to exit “the blue-collar construction and…