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The contract covers the engineering, procurement, construction and installation of a floating production, storage and offloading unit for the Kutei North Hub Field Development Facility
The agreement is intended to support a series of strategic subsea transmission projects, including the proposed Shetland 2 HVDC link.

Lamprell to book $71m loss for 2018

UAE fabricator Lamprell is likely to book a $71m net loss for 2018 due partly to no “margin contribution” from its work supplying jacket

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