Home
UK Projects
International Projects
Contractor News
Industry Moves
Contractors'
Guides
Technical Toolbox
Glossary
|
| Kvaerner to Undertake US$10 Subsea Project | 28/3/2002 |
Kvaerner Oilfield Products is to provide equipment for ten subsea wells, production controls and support structures for Statoil's Kristin field, on the Norwegian shelf. Some of the work is destined for Aberdeen. |
| FSB calls for repeal of IR35 | 22/3/2002 |
The Federation of Small Businesses (FSB) which represents over 160,000 companies, has called on the Chancellor to immediately repeal IR35.
The FSB claims in its budget submission that 'The enactment of Schedule 12 to the Finance Act 2000, (known as IR35 after the Inland Revenue Budget 1999 Press Release of the same name), is having a devastating effect on tens of thousands of small businesses, and particularly those in the 'knowledge-based' sector.
The legislation is unfair and unreasonable and the FSB calls for the immediate repeal of IR35.
The FSB strongly believes that the problems caused by the iniquitous CIS and IR35 derive from the absence in law of an individual's right to declare themselves as selfemployed. Introducing this right, as outlined in the FSB's "Right to be Self-Employed" White Paper, would remove the problems associated with these schemes overnight.'
The full budget submission can be read on the FSB web site ... Budget Submission
|
| BP Cuts 500 Jobs | 22/3/2002 |
BP has announced plans to cut 500 jobs; 200 at its Aberdeen headquarters with the remaining 300 from both onshore and offshore operations.
BP employs about 3,300 people in the UK in upstream oil and gas exploration and production activities. Most of the 1,800 onshore staff are employed in Aberdeen, while the remaining 1,300 work offshore. A further 3,300 agency and contract workers are employed by the company, which is responsible for about a fifth of the output of Britain's North Sea offshore oil and gas fields.
Jake Molloy, general secretary of the offshore workers' union OILC, said the workforce had predicted up to 500 job cuts. "It is the fall-out of that in regard to the contract workforce that we have got major concerns about," he said. |
| Banks rip off contractors? | 20/3/2002 |
The Competition Commission's report into the supply of banking services to small businesses in the UK accuses the big four high street banks of making 'excessive profits' at the expense of Britain's 3.5 million small to medium sized businesses. The report recommends an across-the-board raise in the interest rates applied to small business accounts.
Are you being ripped off? Perhaps you should check. |
| Foster Wheeler wins £25m contract | 15/3/2002 |
| Foster Wheeler is to provide engineering and procurement services at TotalFinaElf's Lindsey oil refinery at Immingham, Lincolnshire. The £25m contract is for clean fuels projects. |
| Foster Wheeler awarded FEED | 13/3/2002 |
Foster Wheeler has been awarded a FEED contract by Al-Rajhi International Contracting (ARIC) for its proposed Jubail complex.
The proposed complex will comprise a normal paraffin (n-paraffin) plant with a capacity of 120,000 tonnes a year (t/y) and a linea alkyl benzene (LAB) plant with a capacity of 70,000 t/y.
The FEED package is expected to take six to nine months to complete. Plant commissioning is scheduled for 2004. |
| Stone & Webster appointed Project Manager | 6/3/2002 |
| Abu Dhabi Marine Operating Company (Adma-Opco) has appointed Stone & Webster as project manager consultant for the offshore Umm Shaif gas reinjection project valued at US$1,200m. The project calls for the reinjection of some 600 million cubic feet a day of gas into the Umm Shaif reservoir to maintain oil production. |
|