News Archive for Oil and Gas News, Project News

CB&I Awarded Contract for Temple LNG Expansion Project

Friday, Oct 23, 2009

CB&I (NYSE:CBI) has been awarded a contract in excess of US$100 million by UGI LNG, Inc. to engineer, procure and construct the expansion of the Temple LNG peak shaving facility near Reading, Pennsylvania.
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Iberdrola Renovables Earns €167.6 Million in First Nine Months

  • EBITDA ups 6% to €813.7 million, driven by the international business (53% of total)
  • Cash flow increased by 9%, while unit operating costs were down 12%
  • Installed capacity rose by 23.4% and output by 24.4%, thereby strengthening IBERDROLA RENOVABLES global leadership position
  • International installed capacity exceeded capacity in Spain for the first time, reaching 51% of total
  • The Company expects to have 12,500 MW of capacity at year-end 2010, with the US being the main growth market
  • It has already perceived 546 million dollars in US grants and expects to perceive other further 30 million during this year

IBERDROLA RENOVABLES, leading world wind power company(1), posted consolidated net profit of €167.6 million for the first nine months, down 27,4% on the same period in the previous year amid falling energy prices in Spain. Nonetheless, EBITDA rose by 6% to €813.7 million, boosted by the international business which now accounts for 53% of the total.

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