Economy
OECD: G20 economies grew 0.7% in the second quarter
Aggregate growth slowed from the previous quarter, while country-level results varied.
NEWSVERUM / Global briefing
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Finance
Bank of England holds rate at 3.75% in a 6–3 vote
Three members wanted an increase as the bank highlighted energy’s contribution to August inflation.
Finance
Fed raises federal funds target range to 3.75–4%
The 16 September decision was unanimous as the FOMC described solid activity and elevated inflation.
Energy
IEA deepens its forecast decline in 2026 oil demand
The September report projects an annual fall of 2.5 million barrels per day.
Finance
ECB raises three key rates by 25 basis points and lifts inflation projections
The deposit rate moves to 2.50%; new projections put 2027 inflation at 2.5% and growth at 1.4%.
Energy
Fluor and JGC selected for LNG Canada Phase 2 expansion
The notice to proceed follows investment approval; Fluor’s contract share is $7.5 billion.
Business
Fluor and Balfour Beatty mark Oak Hill Parkway opening
Final work on the $677 million Austin road project is expected to continue through year-end.
Energy
Bechtel-Westinghouse and PEJ agree main nuclear EPC commercial terms
Detailed negotiations continue toward a full EPC contract for the Polish project.
Energy
CNOOC renews Worley’s North Sea EPC framework for five years
The renewal covers work across the Scott, Buzzard and Golden Eagle fields.
Business
Technip Energies and SABIC agree global LDPE technology licensing collaboration
The agreement covers worldwide licensing of SABIC’s CTR technology.
Energy
Técnicas Reunidas wins FEED contract for Coega green ammonia project
An EPC transition at Hive Hydrogen’s project depends on investment approval and financing.
Energy
Worley delivers two offshore FEED packages for Abadi LNG
The Masela Block work includes gas export and carbon storage pipelines.