Wood Group secures contract extension with Shell
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.
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."
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
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.
-
Autumn Budget live: Will Rachel Reeves hike taxes?Live updates Chancellor Rachel Reeves is set to unveil her second Autumn Budget on Wednesday, 26 November. Follow live updates and analysis of the fiscal event
-
Warning over cash ISA headline rates - why you could end up with a poor dealFive of the top 10 paying instant access cash ISAs dropped down the rankings after headline bonus rates expired. Why you need to check your cash ISA now
