Business body calls for ‘clear direction’ from government on net zero
There must be a “clear direction” from Government on net zero, one of the country’s most prominent business bodies will say on Thursday.
CBI
McDermott kicks off major financial restructuring
Oil and gas contractor McDermott has started a restructuring package amid concerns over its financial health.
McDermotts’ CB&I wins more Philippines LNG work
McDermott International’s CB&I Storage Solutions will provide the engineering, procurement and construction (EPC) work for a second storage tank at Atlantic Gulf and Pacific Company’s (AG&P’s) liquefied natural gas (LNG) import and regasification terminal in the Philippines.
TotalEnergies dishes out Tilenga work
Total E&P Uganda has signed conditional letters of award for surface facilities and drilling packages under its Tilenga project, in western Uganda.
McDermott wins Philippines LNG work
McDermott International’s CB&I Storage Solutions will provide the engineering, procurement and construction work for storage tanks at Atlantic Gulf and Pacific Company’s (AG&P’s) liquefied natural gas (LNG) import and regasification terminal in the Philippines.
Immigration restrictions could be as damaging as 1970s oil price shock, warns CBI chief
Theresa May's plans to curb immigration after Brexit could result in businesses collapsing and jobs being lost, the head of the CBI warned.
McDermott and CB&I merger approved by shareholders, thwarting Subsea 7
A merger deal between McDermott International and Chicago Bridge and Iron (CB&I) has been approved by shareholders, thwarting attempts by Subsea 7 to block it.
McDermott tries to head off opposition to CB&I takeover
US engineering firm McDermott International has urged its shareholders to vote in favour of its takover of CB&I.
McDermott and CB&I merging in $4billion combination
Houston energy engineering and construction companies McDermott International and CB&I are combining into a company with a $4 billion Wall Street value and an emphasis on both onshore and offshore projects.
Businesses retaliate in response to May’s energy price promise
Theresa May faced a backlash from business leaders after announcing plans to put a price cap on “rip-off” bills.
There’s more good news for Scotland’s economy – but confidence is sapping under Brexit shadow
Scottish business is enjoying its longest run of expansion in nearly two-and-a-half years but Brexit is casting a dark shadow over future prospects, new studies show.
‘Flat’ start to 2016 for manufacturers, says CBI
Manufacturers are having a “flat” start to the year, with only limited signs of a recovery in exports, new research has shown. The CBI said production and orders showed signs of stabilising in the last three months, but business optimism has fallen.
Growth boost despite tough conditions
Economic growth picked up in the final quarter of 2015 despite continuing problems for manufacturers, a new study has shown.
CBI chief warns over Government’s “mixed messages” on environment
The Government risks sending a “worrying signal” to businesses by rolling back on policies to support clean technology, business leaders have warned.
Oil and gas helps accelerate UK growth
Improved North Sea oil and gas production helped the UK economy grow in the three months to July, but the strength of the pound remained a drag on exporters, according to a survey.