Saudi Aramco has let a contract to SNC-Lavalin Group Inc., Montreal, to provide engineering and project management services for its Berri Increment Program (BIP), a project that will add installations at Aramco’s existing plants at Abu Ali and Khursaniyah to process potentially increased output of Arabian Light crude from Berri field on Saudi Arabia’s eastern coast.
All the day’s economic and financial news, including a new healthcheck on the world’s factory sectorsLatest: US factory growth hits six-month lowBritain’s manufacturing growth slowsEurozone PMI highest since April 2011Eurozone unemployment rate falls againGerman DAX on track for record closing highAsian PMIs show solid growth 3.20pm BST It’s official, America’s manufacturing sector slowed last month.The Institute of Supply Management (ISM) just released its own report, and like Markit’s rival data it shows that the growth rate dipped.Manufacturing in U.S. kept expanding at a robust pace in March https://t.co/X7o7sRhNXe pic.twitter.com/eziy61EKTQISM prices paid index hits its highest level since May 2011 https://t.co/M1BM6YwsLJ pic.twitter.com/75EQOfIHDG 2.56pm BST The first of two healthchecks on America’s factory sector just arrived, and it’s a little disappointing.Markit’s monthly US manufacturing PMI has fallen by nearly one whole point, from 54.2 to 53.3. That’s the lowest reading since September 2016, signalling that growth has hit a six-month low.“The post-election resurgence of the manufacturing sector seen late last year is showing signs of losing steam. Output growth slowed to a six-month low in March, optimism about the outlook has waned and hiring has slowed accordingly.“While the survey data suggest that the goods producing sector enjoyed a relatively good first quarter on the whole, the loss of momentum seen in February and March bodes ill for the second quarter. Continue reading...
Oryx GTL, a joint venture of state-owned Qatar Petroleum 51% and Sasol Ltd. of Johannesburg 49%, has let a contract to a division of SNC-Lavalin Group Inc., Montreal, to provide long-term engineering and support services for its gas-to-liquids (GTL) complex at Ras Laffan Industrial City, Qatar.
Nov 5 (Reuters) - SNC-Lavalin Group Inc's new CEO said on Thursday the engineering and construction company is examining ways to cut costs to help meet 2017 margin targets, even as it reported third-quarter earnings per share that beat analysts' expectations.
ExxonMobil Corp. has let a front-end engineering design (FEED) contract to Kentz, part of SNC-Lavalin Group, for an oil processing facility that will increase production at West Qurna-1 field in Iraq.