McDermott announced a September 8 subsea contract from Eni Cyprus for Cronos offshore Cyprus. Scope includes project management, engineering, procurement and installation support.
The company classifies the award in its $500–750 million band without disclosing an exact value. International engineering teams and its marine construction fleet will support execution. The contract award does not indicate that field production has started.
In an IEA scenario, electricity could cost-effectively supply 33 percent of final energy use by 2035; projected import savings are not realized outcomes.
The utility’s long-term plan projects lower emissions despite rising electricity demand; its solar, battery and reverse-osmosis targets are not completed outcomes.
Emirates News Agency (WAM), citing Emirates Water and Electricity Company (EWEC)4 min read
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