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UK News Archive: February 2002

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AMEC win Feasibility Study28/2/2002
AMEC is to conduct a feasibility study for a $4 billion oil pipeline from Lake Baikal in Siberia to Vladivostok on the east coast of Russia. AMEC will gather information and produce preliminary designs and specs for the pipeline, its pumping stations and terminals.

IR35: Contractors to loose out on travel ?27/2/2002
Contractors who work through Personal Service Companies (PSCs) could lose out on travel costs unless a change is made to rules that come into effect from 6 April 2002, the Chartered Institute of Taxation warned. See full story at The Chartered Institute of Taxation website.

Bechtel wins Australian contract27/2/2002
Mining concern Rio Tinto Ltd has chosen Bechtel to provide engineering, procurement and construction for the development of the Colmalco aluminium refinery in Queensland, Australia. The first stage of the project is expected to cost US$750 million.

MW Kellogg wins $1 billion contract
Halliburton KBR and its joint venture partners have been awarded the engineering, procurement, and construction contract for an LNG project in Egypt. Joint venture partners include JGC Corporation of Japan, and Tecnicas Reunidas SA (TR) of Spain.
The work will be managed from Halliburton KBR's affiliate company M W Kellogg Ltd, in Greenford, London, and executed from both that office and the TR offices in Madrid.

Inland Revenue
The Inland Revenue's IR35 Frequently Asked Questions page on their website has been updated with a question and answer regarding calculation and penalties arising from the P35 form.

FW wins $300 million contract
Foster Wheeler Energy has won a $300 million engineering, procurement and construction management contract from Immingham CHP LLP for a 730MW combined heat and power plant. This will be the largest to date ever built in the UK.
The Immingham CHP plant will be built alongside Conoco's Humber Refinery at South Killinghome, North Lincolnshire.
Work is expected to begin during Jan 02 in both Reading and Glasgow offices.

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