Energy contractor Petrofac, with new CEO Tareq Kawash, will execute contract to expand the large Habshan gas processing complex in Abu Dhabi, one year after its suspension ended in UAE, Iraq and Saudi Arabia related to bribery incidents by former executives.
Terms were not disclosed of the civil settlement with plaintiffs, but it "will allow LAN to put this matter behind them and focus on their future," an attorney says.
Canada-based SNC Lavalin Group, the parent of Atkins, said the sale when completed will further speed the corporate transition to engineering and project management.
Coolidge gas power plant project, delayed one year by community legal action over air pollution impacts, now is set to double in capacity after a new settlement—but that is a decrease from the originally proposed 820-MW expansion that a Kiewit Corp. unit was hired to build.
New York City, San Francisco lead project consultant's latest list for highest global building costs, with six US markets in the top ten of 89 surveyed.
CM of 3.5-million-sq-ft American Dream retail-entertainment venue seeks funds for unpaid invoices and interest.from lead lender JP Morgan Chase, as agent for financially struggling project developer.
Speculated water utilities deal is official, following federal trial halt June 5 of a $100-million claim by Stuart, Fla., which seeks to recover from chemicals firm mitigation costs to reduce contamination in its drinking water supply.
The firm has signed two agreements with Ukrainian officials related to project management, cost estimating standards and gaining investors for the country's plans to rebuild infrastructure damaged by the Russian invasion.