Tag / EPC

Subscribe

EPC

Qatar Petroleum Awards $2B EPC Contract for North Field to Build LNG Prowess

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…

March 3, 2021
Venture Global Selects KBR to Lead Construction on Phase One of Plaquemines LNG

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,…

November 25, 2020
McDermott Emerges from Chapter 11, with $4.6B Wiped from Debt

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…

July 2, 2020
KBR Exit from Energy Business to Benefit Other EPCs in U.S. LNG Build-Out

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…

June 25, 2020