LNG

April 11 (LNGJ) – US LNG and energy engineer KBR said it had settled a decade-long dispute over an almost $500 million judgment pertaining to a contract carried out for Petroleos Mexicanos (Pemex), Mexico's national oil and gas company. The dispute had involved two offshore natural gas treatment, processing and reinjection platforms which a KBR subsidiary built for Pemex. The platforms have been in use in the Gulf of Mexico since 2004 but KBR was never fully paid despite court decisions in its favour. “We are pleased by the positive resolution to this matter and glad to put this long-running issue behind us,” said Stuart Bradie , President and Chief Executive. “KBR has had an ongoing business relationship with Pemex over many years and this settlement paves the way to broaden our productive association,” added Bradie.