Energy services firm Wood Group has been awarded a multi-year engineering, procurement and construction management (EPCM) framework agreement by Shell Oil Products US.
The agreement has been awarded to Wood Group's Mustang division which works provides EPCM services to the upstream oil and gas, refining and chemicals, pipeline, automation and control, and industrial markets. It refers to Shell's pipeline and terminal projects located in the Gulf Coast region.
"We are very pleased to have been awarded this contract by Shell Oil Products," said Steve Knowles, President of Mustang. "I believe our full-service pipeline capabilities will provide excellent project support to Shell."
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
Mustang has worked on Shell pipeline projects over the last decade. The EPCM projects will include gas and liquid pipelines and related facilities such as pump and compressor stations, meter stations and dehydration units. Work has begun on initial projects in Louisiana and Texas.
Shares were up 0.14% at 715.5p by 08:33 on Thursday.
BC
-
5 alternatives to Reeves’ inheritance tax raid on rural Britain as families face ‘splitting up or selling’ farmsInheritance tax limits are now so low they attack small working family farms rather than just going after tax loopholes, one Cotswolds farmer has said
-
High earners at risk of £65k retirement shockHigh earners could face some of the biggest pension shortfalls when they retire, as the cost of maintaining an expensive lifestyle could erode their retirement savings
