Guernsey-based offshore bank Skipton International has launched a mortgage calculator to help British expats in their property investment planning. The new expat mortgage illustration allows those considering a UK buy-to-let investment to enter the value of the property and its expected rental income. They will then be shown the maximum loan potentially available, and the...

Beatrice Offshore Wind Farm: a major EPCI Contract award for Seaway Heavy Lifting   Subsea 7 S.A.  announced the award of an EPCI contract by Beatrice Offshore Windfarm Limited (BOWL).The contract value is in excess of US $1.3 billion. This contract will be jointly executed by Seaway Heavy Lifting and Subsea 7(1). The scope of work...

Bibby Offshore, a leading subsea services provider to the oil and gas industry, is pleased to announce two contract wins with a multimillion pound combined value. The first contract win is a comprehensive DSV IRM campaign at two fields in the UKCS, Northern North Sea. The scope of work includes performing barrier testing, reconfiguring flexible...

Contractors can present themselves for employment in a number of ways, ranging from employee to offshore company director. Make sure you take the approach that suits your circumstances best. It is important to consider the structure of your relationship with companies you do business with. There are a number of options, according to accountants Forbes...

As an expat, the internet has made managing your finances much easier, but make sure you are doing it safely, says Iain Yule. As expats become more prepared to trust the internet as a means of handling their financial transactions so the banks are developing more and more exclusively online offerings. This is potentially of great...

Leading global drilling and engineering contractor, KCA Deutag, today announces that it has been awarded two contracts with BP Exploration (Caspian Sea) Limited (“BP”). These contracts have a combined value of approximately $360m for the initial contract or $1bn including all options. The first contract has been awarded to our offshore division and is for...

Petrofac has been supporting the UK Continental Shelf (UKCS) for more than 20 years, working in collaboration with its customers to drive efficiencies and generate maximum value across their operations. Petrofac’s flexible commercial models are designed to support its customers’ long-term objectives and enable the delivery of production and operational improvements, whilst maintaining safety performance....

Statoil has awarded approximately US$288 million worth of contracts for its Johan Sverdrup offshore oil and gas field. The latest awards for the North Sea field cover all subsea pipeline work, including fabrication, coating, and installation. The pipeline totals 267 miles (430 km), and connects both the fields subsea infrastructure, and the main John Sverdrup...

As a globe-trotting expat you have many financial matters to monitor – particularly your taxes. But you must also cope with spending and saving in foreign currencies, writes Iain Yule. The itinerant expat needs to juggle a number of currencies quickly, efficiently and cheaply. So a number of offshore banks have...

As the offshore oil and gas sector continues to struggle, offshore contractors and ship owners like Van Oord and Siem Offshore are expanding their business models into the offshore wind sector, an area that continues to see significant investment. Siem Offshore Contractors have announced a contract win worth upwards of 100 million euro for the...

McDermott has been awarded new EPC contract by QP (Qatar Petroleum) for the North Field Alpha gas development project, offshore Qatar. The contract includes front-end engineering design verification, detailed engineering, procurement, construction and installation (EPCI) as well as the commissioning of a new six-legged, 15-slot wellhead jacket and temporary drill deck. As part of the...

Construction and engineering company McDermott Middle East has wins initial work contract by Saudi Aramco for a key power supply system replacement for the offshore Marjan field. Work is expected to be executed through the fourth quarter of 2016 and will be included in McDermott’s first quarter 2015 backlog. The overall brownfield project comprises integrated...