Wood Group, the FTSE 250 enineering firm, has secured a contract extension from Shell in the UK to deliver midstream engineering and construction services to two gas plants.
The two-year contract, which includes an option for a further two-year extension, is worth £75m and is effective from April 2012. The previous contract was awarded in 2007.
Robin Watson, UK managing director at Wood Group PSN said: "We have an established working relationship with Shell that spans two decades and the award of this extension demonstrates Shell's ongoing confidence in Wood Group. The contract enables us to develop our midstream onshore plants business and provide employment for over 500 people."
Subscribe to 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
NR
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
