McDermott consortium bags Vashishta contract
Award by India's Oil & Natural Gas Corp confirms earlier BT report of the group as frontrunner
Singapore
INDIA'S state-owned Oil & Natural Gas Corporation has awarded McDermott International Inc and L&T Hydrocarbon Engineering a turnkey contract for major subsea field infrastructure lined up under the Vashishta and S1 deep-water greenfield development off India's East Coast.
The award to the McDermott-L&T consortium confirms an earlier report in The Business Times tipping the pair as the frontrunner in a recently concluded tender for the Vashishta-…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil jumps, equities fall as Iran blasts fan Middle East fears
Gold set for fifth weekly gain as geopolitical risks buoy demand
Oil holds near 3-week low as US sanctions interrupt easing tensions
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
BP reshapes its leadership team as some executives leave
BHP to decide on future of nickel business by August, trims met coal estimates