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Amec Foster secures £125m contract with BP

Thu, 03rd Mar 2016 10:41

(ShareCast News) - Engineering services company Amec Foster Wheeler has secured a one-year engineering, procurement and construction contract with BP worth £125m.The contract is to build a new refrigeration plant that will maintain efficient operations across BP's Forties pipeline system.It covers the oil giant's refrigerated liquid petroleum gas site in Grangemouth, Scotland, which is part of the company's Kinneil Liquid Petroleum Gas Chilldown project.The contract was awarded under Amec's global agreement with BP to provide it with engineering and project management services for the development of onshore facilities around the world."This contract is a great example of how we are using our leading brownfield and onshore engineering experience and expertise to deliver the best solution for our client. We have been working with BP at Grangemouth since the 1970s and look forward to providing them with continued safe and efficient operations," Amec said.At 1047 GMT, Amec shares were up 2.2% to 437p.
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27 Apr 2016 08:21

Amec FW appoints Halliburton man as new CEO, Q1 sales down

(ShareCast News) - Amec Foster Wheeler has appointed 20-year Halliburton veteran Dr Jon Lewis as its new chief executive, and reported a decline in first-quarter sales. In the three months to the end of March, the engineering group generated revenue of £1.3bn, which was down 1.5% against last year's

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27 Apr 2016 07:33

LONDON MARKET OPEN: Barclays Core Strength Boosts Shares

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27 Apr 2016 06:54

Amec Foster Wheeler Appoints New CEO, Reiterates Full Year Guidance

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26 Apr 2016 13:09

Tuesday broker round-up

(ShareCast News) - Premier Foods: Jefferies upgrades to buy with a 60p target. Aberdeen Asset Management: Citigroup downgrades to sell with a 265p target. Smiths Group: Jefferies keeps at buy with a target price of 1100p and Credit Suisse reiterates outperform with a target of 1275p. Close Brother

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26 Apr 2016 08:40

BROKER RATINGS SUMMARY: Citi Raises Standard Chartered, Cuts Aberdeen

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21 Apr 2016 11:18

LONDON MARKET MIDDAY: Ex-Dividends Offset Crude Rally Ahead Of ECB

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21 Apr 2016 07:41

LONDON MARKET OPEN: FTSE 100 Flat As Ex-Dividends Offset Oil Rally

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20 Apr 2016 15:17

AGM, EGM Calendar - Week Ahead

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13 Apr 2016 15:04

Earnings, Trading Statements Calendar - Week Ahead

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11 Apr 2016 16:20

Monday broker round-up

(ShareCast News) - Phoenix Group: JP Morgan downgrades to neutral with a target price of 942p. Fresnillo: RBC downgrades to underperform with a target price of 750. Jupiter Management: UBS reiterates neutral with a target price of 410p and Jefferies keeps at buy, 472p target. Petrofac: Nomura keep

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6 Apr 2016 11:37

Oil & Gas UK Appoints New Co-Chairmen, Including EnQuest Manager

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18 Mar 2016 09:36

BROKER RATINGS SUMMARY: Nomura Says Reduce StanChart And HSBC

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16 Mar 2016 14:38

2nd UPDATE: UK Govt To Scrap Oil Tax And Support Small Nuclear Plants

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15 Mar 2016 09:31

BROKER RATINGS SUMMARY: Macquarie And Morgan Stanley Downgrade Miners

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11 Mar 2016 09:34

BROKER RATINGS SUMMARY: Goldman Promotes Shell To Conviction Buy List

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