Kentz awarded Papua New Guinea contract
Kentz Corporation, the Irish engineering and construction group, said it had won a contract to design and build the construction camp for a liquid natural gas plant in Papua New Guinea (PNG).
Kentz Corporation, the Irish engineering and construction group, said it had won a contract to design and build the construction camp for a liquid natural gas plant in Papua New Guinea (PNG).
The PNG LNG project is an integrated development that includes gas production and processing facilities, onshore and offshore pipelines and liquefaction facilities with the capacity of 6.6m tonnes per year.
The contract was awarded by Chicago Bridge and Iron and Clough. The plant will be operated by Esso Highlands, a subsidiary of Exxon Mobile.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Kentz chief executive Hugh O'Donnell, said he was delighted by the win.
"We look forward to being part of a successful project completion in the region," he said.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Nationwide HPI: UK property values climb as market steadies ahead of BudgetMonthly house prices grew by 0.3% following a 0.5% rise in September
-
Lessons from Nobel Prize winners in economics on how to nurture a culture of growthThe Nobel Prize in economics went to three thinkers who show us why economies grow and how we can help them do so. Governments would be wise to heed the lessons
