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New Jacobs Location in Cumbria, UK

Jacobs recently opened its new Pillar House, Westlakes office in Cumbria, United Kingdom, which supports the company’s future growth in the nuclear sector. Jacobs works across the complete nuclear lifecycle from the existing nuclear power generation fleet, the new build program, through to decommissioning and clean up.

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Chevron and SK LNG Trading sign Gorgon LNG Supply Agreement

Chevron Corporation (NYSE: CVX) announced its Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK). Under the SPA, SK LNG Trading, which is part of a leading industrial conglomerate in South Korea, will receive 4.15 million tons of LNG over a five-year period starting in 2017.

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Implenia strengthens Position in European Infrastructure Market with Acquisition of Bilfinger Construction

Implenia is acquiring the Bilfinger Construction GmbH unit from Bilfinger SE. The unit, with production output of around CHF 780 million (EUR 650 million) and 1850 employees, offers extensive infrastructure construction services in German-speaking Europe and in Scandinavia. With this acquisition, Switzerland's leading construction and construction services provider is taking an important step in its declared strategy of establishing itself internationally as a recognised expert in complex infrastructure projects. The acquisition strengthens the Group's technical competence and effectiveness. It diversifies the business geographically and broadens Implenia's regional presence.

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Wintershall expects increased recoverable Resources for Maria Field in Norway

With the upcoming submission of its “Impact Assessment” as part of the Plan for Development and Operation (PDO) process, Wintershall is announcing updated, higher recoverable resource estimates for its operated Maria Field: following intensive internal studies, Germany's largest internationally active oil and gas producer now estimates that the planned technical recoverable resources will reach about 180 million barrels of oil equivalent (boe).

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Norway: Transaction completed between Wintershall and Statoil

BASF Group company Wintershall is continuing its growth course in Norway. By acquiring shares in the production fields Gjøa (5%) and Vega (24.5%), Wintershall is increasing its production in Norway from about 40,000 barrels of oil equivalent (boe) to about 60,000 boe per day. In addition, Wintershall is taking over shares in the Aasta Hansteen development project (24%), the Asterix discovery (19%), the Polarled pipeline project (13.2%) and in four exploration licences near Aasta Hansteen. The shares in the assets encompass reserves and resources (2P/2C) of around 170 million boe. Furthermore, Wintershall will also assume the operatorship of the Vega production field.¹ The transfer of operatorship from Statoil to Wintershall is planned for the end of the first quarter of 2015.

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Arcadis: Acquisition of Franz Environmental in Canada

Arcadis (EURONEXT: ARCAD), the leading natural and built asset design and consultancy firm announced it has acquired Franz Environmental Inc. (Franz). Headquartered in Toronto, Franz employs more than 100 environmental consultants and staff in six locations throughout Canada with annual gross revenues of 20 million Canadian dollars. Further financial details were not disclosed.

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Arcadis announces Asia Leadership Appointment

Arcadis (EURONEXT: ARCAD), the world's leading natural and built asset design and consultancy firm, announced the appointment of Kenneth Poon to the new position of CEO of Arcadis Asia, effective 1 January 2015. The leadership transition follows the retirement of Joseph Lee, Chief Executive of Langdon & Seah, effective 31 December 2014.

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Tata Steel signs Contracts to supply Pipes to Subsea 7

Tata Steel has signed a series of contracts with Subsea 7 - one of the world's leading contractors in engineering, construction and subsea services to the offshore industry - to supply undersea pipes to four separate North Sea projects. The four contracts, signed over the past year and worth an estimated £10 million in total, will see Tata Steel supply in excess of 55km of pipe weighing more than 9,000 tonnes.

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