Saipem backlog jumps to $33Bln as energy contracts multiply and first-half revenues show 20 percent increase
Saipem, the Italian engineer for LNG, oil and pipeline gas subsea contracts, reported a rise in earnings as well as a surge in new contracts and revenues, giving the company a backlog of €30 billion ($33Bln) and signalling an improving energy sector.
Algerian energy company Sonatrach to invest $30Bln to help improve pipeline natural gas and LNG output
Sonatrach, the Algerian national energy company, plans to invest more than $30 billion in the exploration and production of hydrocarbons, notably natural gas, and to upgrade facilities to improve its position in global markets for LNG as well as pipeline gas for Europe.
Höegh LNG aims to have floating terminal operating for Mediterranean Island of Cyprus in about a year
Höegh LNG, the Norwegian project company and fleet owner, has applied for an infrastructure ownership, operations and development licence for a joint venture at the port of Vasilikos on the Mediterranean Island of Cyprus with the aim of having an operational termiinal online in about a year.
