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SNC-Lavalin completes landmark acquisition of Kentz

- A key milestone in SNC-Lavalin's ongoing transformation into a global Tier-1 engineering and construction company

MONTREAL, Aug. 22, 2014 /PRNewswire/ -- SNC-Lavalin Group Inc. (TSX: SNC) is pleased to announce that it has completed its acquisition of Kentz Corporation Limited, a global company with 15,500 employees operating in 36 countries. Kentz provides industry-leading engineering, construction management and technical support services to clients in the oil and gas sector.

The acquisition of Kentz supports SNC-Lavalin's ongoing transformation into a global Tier-1 engineering and construction (E&C) company. The transaction creates a group with approximately 45,000 employees, annual revenues of about C$10 billion and a backlog of roughly C$13 billion as per 2013 figures. The combined company will also have a strong position in the world's most dynamic growth markets, including the Middle East, North America, Latin America and Asia-Pacific.

"SNC-Lavalin is thrilled to welcome the employees of Kentz, who are the heart and soul of the remarkable company we are acquiring today," said Robert G. Card, President and CEO, SNC-Lavalin Group Inc. "We expect that our combined capabilities will give us one of the best broad-based service offerings in the E&C industry, while expanding our presence in key growth markets."

Transformational growth in oil and gas
The acquisition of Kentz transforms SNC-Lavalin's oil and gas capabilities, creating a group of approximately 20,000 high-caliber employees with industry leading expertise for large and complex projects in the upstream, liquefied natural gas (LNG), unconventional (shale gas and oil sands), pipelines, offshore jackets and steam-assisted gravity drainage (SAGD) sectors.

"We have now begun implementing our plan, which aims to ensure our teams are combined efficiently, respectfully and as rapidly as possible," said Neil Bruce, President, Resources, Environment & Water, SNC-Lavalin Group Inc. "We will be bringing together the best capabilities of our two firms for the direct benefit of our clients. Our goal will be to build strong and lasting relationships with our customers through consistently delivering on our commitments and providing the best mix of value and services."

Kentz will be incorporated into SNC-Lavalin while simultaneously integrating SNC-Lavalin's current Oil & Gas business into Kentz's operations. Christian Brown, Kentz's Chief Executive Officer, now becomes President, Oil & Gas, SNC-Lavalin Group Inc. Mr. Brown will continue to be stationed in Houston, Texas, and will report directly to Neil Bruce.

"Joining SNC-Lavalin will provide us with the ability to execute larger scopes for major projects, and enhance our access to new geographies in both North America and Latin America," said Christian Brown. "We look forward to bringing our clients complete end-to-end solutions for their projects by merging SNC-Lavalin's strong front-end engineering and design capabilities with our industry-leading construction management, commissioning and operations capabilities."

SNC-Lavalin paid £9.35 (C$17.13) per share for a total purchase price of approximately £1.2 billion (C$2.1 billion). Kentz shareholders voted in favour of SNC-Lavalin's offer at a meeting convened by order of the Court and an Extraordinary General Shareholders Meeting, both held on August 11, 2014. The offer was structured as a Scheme of Arrangement and the Scheme Court Hearing was held on August 21, 2014. Following the sanction of the Court, the acquisition became effective in accordance with its terms on August 22, 2014.

Forward-looking statements
This press release contains statements that are or may be "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws. All statements other than statements of historical fact included in this press release may be forward-looking statements. Without limitation, any statements preceded or followed by or that include the words "targets", "plans", "believes", "expects", "aims", "intends", "will", "should", "could", "would", "may", "anticipates", "estimates", "synergy", "cost-saving", "projects", "goal" or "strategy" or, words or terms of similar substance or the negative thereof, are forward-looking statements. Forward-looking statements include statements relating to the following: (i) future capital expenditures, expenses, revenues, earnings, economic performance, indebtedness, financial condition, losses and future prospects; and (ii) business and management strategies and the expansion and growth of SNC-Lavalin or Kentz's operations and potential synergies resulting from the transaction.

These forward-looking statements are not guarantees of future financial performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. All subsequent oral or written forward-looking statements attributable to SNC-Lavalin or any of its directors, officers or employees or any persons acting on their behalf are expressly qualified in their entirety by the cautionary statement above. SNC-Lavalin disclaims any obligation to update any forward-looking or other statements contained herein, except as required by applicable law.

About SNC-Lavalin
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's approximately 45,000 employees provide EPC and EPCM services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, environment and water, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions.
www.snclavalin.com

For further information:

Media:
Lilly Nguyen
Public Relations Manager,
Global Corporate Communications
SNC-Lavalin Group Inc.
+1-514-393-8000, ext. 54772
lilly.nguyen@snclavalin.com


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AziLat Ltd., Secures Acreage Position Offshore Brazil

HAMILTON, Bermuda, Aug. 20, 2014 /PRNewswire/ --

AziLat Ltd. ("AziLat"), the South America focused oil and gas exploration company, is pleased to announce that it has signed a farm-in agreement ("the farm-in") with Chariot Brasil Petroleo e Gas Ltda., a wholly owned subsidiary of Chariot Oil & Gas Limited ("Chariot") to blocks BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 ("the blocks"), in the Barreirinhas Basin, offshore Brazil.

Under the terms of the farm-in, which is subject to approval of Brazilian authorities, AziLat, through its local subsidiary AziBras Exploracao de Petroleo e Gas Ltda. ("AziBras"), will pay 50% of the 3D seismic acquisition programme and related processing costs incurred across the blocks in exchange for a 25% working interest.

Following the completion of the transaction, the working interest positions in blocks BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 will be as follows:

Chariot 75% (Operator) AziLat 25%

The blocks are located in the Barreirinhas Basin, on Brazil's Equatorial Margin, approximately 70km offshore, and cover an area of 768km² with water depths ranging from 85m to 1,700m. The Barreirinhas Basin has analogues with prolific West African Basins in Cote d'Ivoire and Ghana, where major oil and gas fields have been discovered.

Michael Stewart, Managing Director of AziLat, commented:

"We are very excited with this agreement which marks AziLat's entry into the region and further deepens our relationship with Chariot, with whom we are already a partner in a number of blocks offshore Namibia through AziLat's sister company, AziNam. The Barreirinhas Basin remains underexplored with modern 3D seismic and offers huge potential on a coastline that has yielded some of the largest discoveries of the last decade. With the financial backing of Seacrest Capital Group, we look forward to advancing the exploration activities in these four blocks, in other areas offshore Brazil and the wider South American region."

Notes to Editors: 

AziLat is a Seacrest Capital Group backed E&P company, focused on South America.

Seacrest Capital Group is a leading energy investor specialising in offshore exploration, leveraging its proprietary assets and relationships to build a diversified, global portfolio of regionally focused oil and gas exploration companies. Since 2011, Seacrest Capital Group has created and invested in a number of successful exploration companies in the United Kingdom and Norwegian North Sea, West Africa, Ireland and South East Asia.

Contacts:

AziLat Limited
Daniel McKeown
http://www.azilat.com
+1-441-537-2073

Vigo Communications
Patrick d'Ancona
Chris McMahon
http://www.vigocomms.com
+44(0)20-7016-9570

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Asia-Pacific to be a Major Draw for International Oil & Gas Players

SINGAPORE, Aug. 20, 2014 /PRNewswire/ -- Returning to occupy an impressive 36,000 square metres of exhibition space at Singapore's Marina Bay Sands from 2 to 5 December, OSEA is currently priming itself to play host to more than 1,600 exhibitors and 28,000 trade attendees from 45 countries/regions.

OSEA2014: Open sea for networking opportunities

Since its inception in 1976, OSEA has built a sturdy reputation as a networking arena of choice in Asia, providing participants with a multitude of engagements, from serious discussions to relaxed gatherings across four vivacious show days. In addition, they also get to preview a wide showcase of new and improved back-end and field products and technologies, and gain access to interactive conference sessions that bring further opportunities for interaction and knowledge exchange with industry experts and peers on latest trends, challenges and opportunities surrounding the oil and gas landscape in Asia and beyond.

Steadfast growth in international participation

With about four months to its opening day, OSEA2014 has already witnessed a 20 percent growth in the participation of international exhibitors compared to its previous edition in 2012 and the event continues to expand its exhibition space to cater to industry's demands.

16 international group pavilions will be present, including three new groups from Korea, Taiwan and Thailand.

Regular stalwarts such as the Association of Dutch Oil and Gas Suppliers (IRO), Association of Singapore Marine Industries (ASMI), China Petroleum Technology and Development Corporation (CPTDC), Damen Shipyards Gorinchem, Franklin, Gazprom, Gaylin, JD Neuhaus, Keppel FELS, Kwong Soon, MTQ, Sea & Land Technologies and Trisome will be accompanied by contingent of first-time exhibitors, including Alfagomma, Fujikin, Hagemeyer, Jebsen & Jessen, the Korean International Trade Association (KITA), ST Teleport, Tanken, the World Trade Centre Taichung (WTCT) and many more.

OGmTech2014 -- Manufacturing solutions for oil and gas

OGmTech, the International Exhibition on Manufacturing Technology for Oil & Gas, will make its debut at OSEA2014. Focusing on definitive manufacturing solutions, OGmTech2014 represents a value-added platform that brings forth an array of formidable, high-end precision engineering technologies and capabilities for the Oil & Gas industry.

OSEA2014 International Conference: Discussion of strategies to spur Oil & Gas industry development

OSEA2014 International Conference, a distinguished Asian platform where oil and gas industry thought leaders and experts from around the world come together, will unveil a new and stimulating programme which has 10 tracks tackling the needs of Asia's oil and gas industry. The Conference, held concurrently with the exhibition, provides a prominent and invaluable platform for discussion on the important issues and challenges facing the industry. More than 200 speakers and delegates from 30 countries/regions attended the last edition of the conference held in 2012.

Joint Keynote and Case Study

The OSEA2014 International Conference will open with a Joint Keynote and Case Study. Titled "The Future of Oil & Gas Exploration and Supply", the Joint Keynote will be presented by John Westwood, Chairman of Douglas-Westwood and Dan K. Eberhart, CEO of Canary, an oilfield drilling & production services company. Together, they will be exploring the future technology and exploration trends and sustainability of long term production and resources.

The Joint Case Study will unveil Davide Scotti, Behavioral Safety Manager of Saipem and Quinten de Bruine, Head HSE of Vroon. Both speakers will converse on "Leadership in Safety" and the aspects of the world-class cultural change programme created by an EPIC contractor and successfully adopted by a global marine organisation.

For full event highlights and updates, please visit the official OSEA website, Facebook and LinkedIn.

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Asia-Pacific to be a Major Draw for International Market Players

OSEA2014 International Conference Will Convey Strategies to Spur Oil & Gas Industry Development

SINGAPORE, Aug. 14, 2014 /PRNewswire/ -- OSEA2014 International Conference, a distinguished Asian platform where oil and gas industry thought leaders and experts from around the world come together, will return from 2 to 5 December at the Marina Bay Sands Singapore to unveil a new and stimulating programme that tackles the needs of Asia's oil and gas industry.

The Conference, held concurrently with the OSEA2014 exhibition, provides a prominent and invaluable platform for discussion on the important issues and challenges facing the industry. More than 200 speakers and delegates from 30 countries/regions attended the last edition of the conference held in 2012.

Commenting on the conference, keynote speaker John Westwood, Group Chairman of Douglas-Westwood says, "There is keen interest in the Asia Pacific region and as offshore and building activities continue to grow in the future, the region is likely to be a major draw for international and regional companies. Industry expertise and knowledge should also grow along with these developments."

"I am pleased to note that the OSEA International Conference has been keeping pace with developments in the industry, especially in the Asia Pacific region. This year's conference programme will be addressing the major issues, trends and impact on the industry as the region continues to grow and I look forward to fruitful discussions with delegates," Mr. Westwood adds.

International and regional experts to give their thoughts on industry's future

In the rapidly changing energy landscape where oil and gas reserves are hanging in the balance, industry players are looking at more sustainable and effective ways of managing their current reserves, as well as finding new sources of oil and gas. New technologies are needed in exploration, extracting, processing, storing, and even transporting oil and gas.

Featuring a new theme "Unlocking the Full Potential of Offshore Reserves with Innovative Solutions", the Conference has 10 tracks to address pertinent topics such as the future outlook for oil and gas supply and exploration, resource management through oilfield recovery, latest developments and technologies in unconventional and deepwater environments, as well as two workshops focusing on best practices in drilling & well design and asset integrity management.

The Conference's speaker line-up includes:

Joint Keynote and Case Study

The OSEA2014 International Conference will open with a Joint Keynote and Case Study. Titled "The Future of Oil & Gas Exploration and Supply", the Joint Keynote will be presented by John Westwood and Dan K. Eberhart, CEO of Canary, an oilfield drilling & production services company. Together, they will be exploring the future technology and exploration trends and sustainability of long term production and resources.

"I am thrilled to be participating as a joint keynote speaker and panelist mediator for the OSEA2014 International Conference," says Mr. Eberhart. "As the oil and gas industry in Singapore continues to experience growth, the industry needs to be prepared for the opportunities and challenges that growth inevitably brings. I look forward to exploring industry trends and how they will impact businesses."

The Joint Case Study will unveil Davide Scotti, Behavioral Safety Manager of Saipem and Quinten de Bruine, Head HSE of Vroon. Both speakers will converse on "Leadership in Safety" and the aspects of the world-class cultural change programme created by an EPIC contractor and successfully adopted by a global marine organisation. Mr. Scotti also emphasises the importance of effective safety leadership, impactful communication and workforce engagement, which are the key ingredients of a successful behavioural and cultural change programme, which will be discussed in the case study.

Commenting on their topic, both Mr. de Bruine and Mr. Scotti are of the opinion that "Safety is important in every aspect of operations in the Oil & Gas industry -- be it in exploration, processing or even transporting the final products and a safety culture implemented in the workplace should continue to evolve with changes in the industry. Vroon and Saipem work closely to further improve the safety culture on board by the innovative and heart touching 'Leaders in Safety' programme. We are delighted to be sharing our experience and expertise in the programme with delegates at the OSEA2014 International Conference."

Specialised Panel Sessions

The Conference will also feature specialised panel sessions, including an LNG Panel, a Technology Power Panel, Energy Leaders Panel, Digital Oilfield Leaders Panel and Stakeholders Panel. Delegates will get to listen and learn about latest policy issues in LNG, challenges shale gas poses to LNG to a framework for the digital oilfield, and future trends in offshore development.

OSEA: An open sea for networking opportunities

OSEA has built a sturdy reputation as a networking arena of choice in Asia, providing participants with a multitude of engagements, from serious discussions to relaxed gatherings across four vivacious show days. In addition, they also get to preview a wide showcase of new and improved back-end and field products and technologies, and gain access to interactive conference sessions that bring further opportunities for interaction and knowledge exchange with industry experts and peers on latest trends, challenges and opportunities surrounding the oil and gas landscape in Asia and beyond.

OGmTech2014 -- Manufacturing solutions for oil and gas

OGmTech, the International Exhibition on Manufacturing Technology for Oil & Gas, will make its debut at OSEA2014. Focusing on definitive manufacturing solutions, OGmTech2014 represents a value-added platform that brings forth an array of formidable, high-end precision engineering technologies and capabilities for the Oil & Gas industry.

For full event highlights and updates, please visit the official OSEA website, Facebook and LinkedIn.

-Ends-

Events at a Glance:

OSEA2014 International Conference

Date: 2 - 5 December 2014
Venue: Marina Bay Sands, Singapore, Level 3
Admission: Registered delegates only
Website: http://osea-asia.com/index.php/conference/
Delegate registration: http://osea-asia.com/index.php/conference/#conf-fee-reg

OSEA2014 Exhibition

Date: 2 - 5 December 2014
Venue: Marina Bay Sands, Singapore, Levels B2, 1 and 3
Opening hours: 10.30am - 6:00pm daily
Admission: Business and trade professionals
Website: www.osea-asia.com
Visitor registration: http://osea-asia.com/index.php/to-visit/visitor-pre-registration

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Interush Launches iRush Help ‘Yunnan China 2014’ in the Aftermath of Devastating Quake

IRVINE, Calif., Aug. 14, 2014 /PRNewswire/ -- When a 6.1 magnitude earthquake struck the province of Yunnan in China on August 3rd, thousands of lives were severely impacted. The intense quake was followed by hundreds of aftershocks that emanated from the epicenter in Longtoushan Township, claiming hundreds of lives, injuring more than a thousand people and leaving survivors without food, shelter, transportation, and other basic necessities. Approximately 210,000 households and a million residents were reportedly affected.

In response to the tragedy, Interush has launched the iRush Help "Yunnan China 2014" program to quickly address the crisis and provide immediate aid to the survivors. The program also aims to raise awareness and emphasize the need to get involved.

"The loss and devastation that resulted from the Yunnan earthquake is deeply troubling, and we will do what we can to better the rehabilitation and transition of the affected individuals and families," said Martin Matthews, Chairman and CEO of Interush, Inc. "Every ounce of help is significant, so we must work together to make the biggest impact."

Interush Affiliates and all those concerned may now send in their donations. To double the effect of financial assistance provided, Interush will match donations from Interush Affiliates until September 30, 2014.

"Yunnan China 2014" proceeds will go to ONE FOUNDATION, a non-profit organization that is continuously active in and dedicated to assisting those in need.  The charitable group was founded by film actor and Chinese Red Cross ambassador Jet Li in 2007, and also takes part in other disaster relief initiatives and children's welfare.

As a token of appreciation and to further increase awareness, Interush will also give out iRush Help Shirts to the first 1,000 affiliates worldwide who send donations by September 30, 2014.

For more information and to make a donation please visit: www.iRushHelp.org

For more information about Interush, please visit: www.Interush.com.

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Interush Responds to Kaohsiung Gas Explosion Tragedy with iRush Help ‘Kaohsiung Taiwan 2014’

IRVINE, Calif., Aug. 14, 2014 /PRNewswire/ -- In an unfortunate tragedy that left the city in deep crisis, massive gas explosions hit the city of Kaohsiung in Taiwan on July 31st. The explosions incurred enormous damage both to the lives of city dwellers and the area's infrastructure, claiming approximately 30 lives, injuring hundreds, and negatively impacting an estimated 84,000. The city continues to be in a state of rehabilitation, and the Taiwan public has responded with a tremendous outpouring of generosity.

To contribute to the continuous recovery of the city, iRush Help has formed the "Kaohsiung Taiwan 2014" program. iRush Help was originally created to provide an avenue where concerned individuals can "rush to help" survivors of natural disasters, and new programs are created when tragedies of great magnitude arise.

Interush Affiliates and concerned individuals may now send in their donations. To increase the impact of the program on those in need, Interush will match donations from Interush Affiliates until September 30, 2014.

"Taiwan desperately needs aid at this time and iRush Help is open to those who would like to help," said Martin Matthews, Chairman and CEO of Interush, Inc. "We all must work to spread awareness and increase involvement, so that Kaohsiung may be able to rebuild the lives of the survivors in the aftermath of this tragedy."

"Kaohsiung Taiwan 2014" proceeds will be transferred to the Social Affairs Bureau, an organization of the Kaohsiung City Government that runs welfare programs for children, teens, women and seniors, as well as social assistance and community development programs. As of August 4, the bureau has received 9,000 donations from a variety of large groups, including major corporations, governmental organizations, religious groups and concerned entertainers.

To express gratitude and appreciation to those who provide assistance, Interush will also give out iRush Help Shirts to the first 1,000 affiliates worldwide who send donations by September 30, 2014.

For more information and to make a donation please visit: www.iRushHelp.org

For more information about Interush, please visit: www.Interush.com.

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Meridium Announces Strategic Investment by GE Measurement & Control

ROANOKE, Va., July 24, 2014 /PRNewswire/ -- Meridium®, Inc. (www.meridium.com), the global leader in asset performance management (APM) software and services, announced today that GE's Measurement & Control business has made a strategic minority equity investment in Meridium, and will enter into a new, non-exclusive alliance and distribution agreement that interfaces Meridium's APM software and GE's Bently Nevada System 1™ Asset Condition Monitoring (ACM) software. The combined offering will enable condition-based maintenance and real time management of equipment downtime and production risks for customers in oil and gas, power generation, hydrocarbon processing, and other asset-intensive industries, maximizing operational effectiveness and preserving and extending the life of capital assets.

The investment in Meridium aligns with GE's focus on the Industrial Internet and its commitment to connect human insight with machine intelligence and advanced analytics to drive increased productivity in global industries. According to Art Eunson, General Manager of GE's Bently Nevada, "The way we do business is being dramatically altered in the era of the Industrial Internet. We are realizing the increased productivity and efficiency gains from big data and analytics delivered in real-time. The partnership with Meridium will increase value for our customers, allowing them to quantify risk in a near real-time manner. We are unlocking the value of condition based maintenance, which will lead to reduced maintenance costs, increased mechanical availability and less downtime for our customers."

The combination of Meridium APM and GE ACM into a unique software offering will provide a more holistic view of plant operations, connecting sensors to business impact and plant systems. Together, Meridium and GE provide an unparalleled solution for customers to quantify the value of condition monitoring while managing the reliability, strategy, and operational risk of their assets.

"Working with GE across mutual clients over many years taught us that together we could produce additional significant tangible value through collaboration and interfaces," said Bonz Hart, Meridium's Founder and CEO. "As we looked at the strengths of each company and our rapidly expanding global markets, working closer together made sense for our clients and to better serve our markets. GE's Bently Nevada operates in a multi-OEM and multi-system world, as does Meridium, so we're also tightly aligned on strategy. GE's minority investment allows Meridium to stay focused on innovation and support our global growth."

About Meridium 

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