CB&I takes $317M hit for UK LNG project problems

Wednesday, 16 July 2008

CB&I, the US LNG contractor, has taken a charge of $317 million in the second quarter for cost overruns at two UK LNG projects, blaming poor sub-contractor performance, low labour productivity and an “increasingly difficult trade union environment.”


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Last modified on Wednesday, 16 July 2008 00:42
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