Upper Hand For Expats In UK Buy To Let Market After Lockdown
What will happen to the UK Buy To Let market as we come out of lockdown? Expat Mortgage broker, OffshoreOnline argue that expats in areas that recover more quickly from the pandemic will be well placed to take advantage of the later recovery of the UK economy. With much of the UK buy to...
Top Savings Rates For Expats – July
Here are the latest expat savings rates. Many expats can benefit from using offshore bank savings accounts. They are useful for working in different currencies and for gathering interest without deduction of taxes. See the article ‘British Expats – Do You Need An Offshore Bank Account?’ The best current offering for sterling offshore savers is...
Subsea 7 Awarded Contract Offshore Nigeria
Subsea 7 S.A. today announced the award of a substantial(1) contract by Mobil Producing Nigeria Unlimited (MPN) for the Production Uplift Pipeline Projects (PUPP) in shallow water, offshore Nigeria. The contract scope includes engineering, construction, transportation, installation and pre-commissioning of 20 kilometres of 24” Corrosion Resistant Alloy (CRA) pipeline between the Idoho Platform and the...
US Offshore Voluntary Disclosure Program To Close
The US IRS has announced that the Offshore Voluntary Disclosure Program (OVDP) will close in September 2018. The OVDP was set up to allow US expats with potentially serious offshore compliance issues to avoid criminal prosecution and cap any exposure to penalties. The IRS indicated that the reason was the ‘significant decline in the number...
Subsea 7 Awarded Contract Offshore Azerbaijan
Subsea 7 S.A. announced the award of a substantial contract by BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli (ACG) and Shah Deniz (SD) fields, offshore Azerbaijan. Under the terms of this five year agreement, the scope of work comprises the provision of a Life of...
Does My Employer Have To Deduct Tax In The UK?
I may be going to work offshore in Brunei on a 4 on 4 off rota. The money is tax free from Brunei but I have concerns as I will be going back to the UK in my time off. Is my employer obliged to pay the British tax? Jason Porter of Blevins Franks advises...
McDermott awarded Saudi Aramco EPCI contract
McDermott International, Inc. announced a large* contract award from Saudi Aramco for the engineering, procurement, construction and installation of 13 jackets in the Zuluf, Marjan, Berri and Abu Safah fields, offshore Saudi Arabia. McDermott has more than 50 years’ experience in these fields and this is the fourth fast-track project to be awarded by Saudi...
Drydocks World signs key construction contract with SBM
Drydocks World the leading marine, onshore and offshore service provider to the oil, gas and renewable energy sectors has signed a contract agreement with SBM Offshore to carry-out the Construction of the Turret Mooring System (TMS) for Statoil’s Johan Castberg Floating Production Storage and Offloading (FPSO) vessel. The Johan Castberg FPSO will be permanently moored...
McDermott confirms Safaniya EPCI Saudi Aramco deal
McDermott International, Inc. has announced a major* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Safaniya onshore and offshore field. The contract, awarded under the existing long-term agreement with Saudi Aramco, includes the full suite of EPCI services including design, fabrication, installation and pre-commissioning of 9 slipover jackets,...
Aker wins trio of umbilicals contracts for Statoil projects
Aker Solutions won a contract to provide umbilicals for the Statoil-operated Johan Sverdrup, Utgard and Bauge developments offshore Norway. The order entails delivery of more than 40 kilometers in total of subsea umbilicals. It will be booked in the fourth quarter. “By combining the delivery for three separate projects into one order, we are able...
Aramco awards US$4.5bn offshore oil and gas contracts
Saudi Aramco has signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sustainability, diversify the economy, expand gas production, and localize domestic content. The agreements are valued at nearly $4.5 billion in total. Eight agreements were signed, including three agreements with Madrid-based Técnicas Reunidas...
Petra wins 5-year MCM contract from Petronas
Petra Resources Sdn Bhd (“Petra Resources” or “the Company”), a wholly-owned subsidiary of integrated brown field services provider Petra Energy Berhad, was recently awarded the Provision of Maintenance, Construction and Modification (MCM) services under Package B (Offshore) Sabah (“the Contract”) by PETRONAS Carigali Sdn Bhd (”PETRONAS Carigali”). The duration of the Contract will be for...