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Bandar Seri Begawan - Pierre Desvoyes General Manager of Total E&P Borneo and Paul Carsten Pedersen, Chief Commercial Officer and Deputy CEO of Maersk Contractor, signed yesterday a contract for the provision of drilling services to drill exploration wells in unproven extensions of the Maharaja Lela field, a press release said. The initial contract term is one year, and the estimated value of the contract is $133mi1. The signing ceremony was held at Total E&P Borneo B.V's office in Bandar Seri Begawan. Maersk Contractor will provide a jackup rig of the latest generation being built in The Jurong shipyard in Singapore. It is currently named "BM- 1" before receiving its final name. The rig is designed to drill very high pressure and temperature reservoirs in up to 375ft of water.
It looks as though Derry, N.H., contractor John Burke is finally going to start to pay for his part in a scheme to defraud the federal government out of hundreds of thousands of dollars in home-repair contracts. But he's still getting a good deal. Burke, who first pleaded guilty to bribery charges in March 2005, has managed to delay his sentencing until the end of this month. Burke paid about $100,000 in bribes over five year to former Veterans Administration loan specialist Robert Mayer of Salem, N.H., in exchange for home-renovation contracts worth $3.1 million. Mayer, a former Salem Planning Board member, faked invoices to make it appear several contractors had been awarded the jobs repairing homes the VA was renovating or selling. In fact, those contracts went only to those who paid him bribes.
(RTTNews) - Tuesday, Meadow Valley Corp. (MVCO | charts | news | PowerRating) said it received new construction contracts in the Las Vegas area valued at a total of $9.5 million. The company received a $5.9 million contract from the City of North Las Vegas for grading, landscaping, parking lot and park amenities at the Las Vegas Trailhead and Sandstone Park project, and a $0.9 million contract from the Nevada Department of Transportation for emergency bridge repair work. In addition, Meadow Valley received about $2.7 million in contracts from two private clients. Copyright(c) 2006 RealTimeTraders.com, Inc. All Rights Reserved .
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