WorleyParsons has been awarded a contract by Reliance Industries for project management consultancy (PMC) services for development of the R-Series gas field (D34) in the Krishna Godavari basin off the East coast of India. The field is located in water depths between 1800 and 2150 metres approximately 70 kilometres offshore. The services will be led...

Offshore bank Skipton International has launched a new range of mortgages for British expats. The Guernsey-based bank is offering two new fixed rates For borrowers looking for a remortgage of £300,000 or more, the rate is fixed at 3.99% for five years. Smaller loans between £100,000 and £300,000 come with the higher rate of 4.49%...

Husky Energy has awarded Kvaerner a contract for engineering and marine operations to tow and install the concrete gravity structure (CGS) for the West White Rose Project offshore Canada. The installation is scheduled for Q2 2021. The new multi-million Canadian dollar contract confirms Kvaerner’s leading position for demanding marine operations. Husky Energy is the operator...

Eni Angola S.p.A. has awarded Saipem work orders in relation to the West Hub Development project as an addition to those previously assigned during 2016 and 2017. The work, which will be performed by the E&C Offshore division, encompasses the construction and subsequent installation in deep waters of umbilicals, risers and flowlines (Deep Water SURF)...

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. By Iain Yule See the article ‘British Expats – Do You Need An Offshore Bank Account?’.   The best current offering for sterling offshore savers is Standard Bank’s 1.2%,...

Wood Group has signed a ten-year master services agreement (MSA) with Chevron that allows them to deliver conceptual engineering, pre-front-end engineering design (pre-FEED), FEED, detailed design and procurement services in multiple locations across Chevron’s global onshore and offshore asset portfolio. Contracts to provide topsides conceptual and pre-FEED for two semisubmersible platforms on the Tigris and...

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. By Iain Yule See the article ‘British Expats – Do You Need An Offshore Bank Account?’.   The best current offering for sterling offshore savers is Standard Bank’s 1.2%,...

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. By Iain Yule See the article ‘British Expats – Do You Need An Offshore Bank Account?’.   The best current offering for sterling offshore savers is Standard Bank’s...

The answer is, you may not. But Iain Yule reckons that most British expats will at some stage, if not throughout their time abroad, find offshore banking useful in a number of ways. First and foremost is the potentially huge tax saving you can make by placing your savings offshore. To take the example of...

I want to set up an offshore bank account as I have been an expat for many years and have been told this would be a good place to keep my savings.  Can you help? Stuart Ritchie, Chartered Financial Planner & Chartered Wealth Manager with expat financial advisers AES International, answered this question. I believe...

I am unsure if my overseas pension (QROPS) is free from UK inheritance tax? It seems the case if you remain offshore, but is a bit grey if you come back to the UK – even after five years away. Stuart Ritchie, Chartered Financial Planner & Chartered Wealth Manager with expat financial advisers AES International,...

Bibby Offshore, a leading subsea services provider to the oil and gas industry, has successfully secured an important contract with BP. The 15 day project, due to commence in August 2016, will see diving support vessel Bibby Topaz, working on four BP operations across three of its North Sea assets. The platforms involved include Central...