10 Mar 2016 12:11
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Don't have an account? Click here to register.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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10 Mar 2016 09:16
Amec swings to loss in 2015 but outlook welcomed
(ShareCast News) - Amec Foster Wheeler said it swung to a loss in 2015 but shares in the oil and gas engineer rose sharply as investors welcomed the company's debt line and outlook. The group posted a pre-tax loss of £235m compared with a profit of £155m in 2014 amid challenging conditions in the oi
Read more4 Mar 2016 12:03
Amec Foster Wheeler surges on US Air Force contract win
(ShareCast News) - Shares in Amec Foster Wheeler surged on Friday after the oilfield services firm said it has secured a seven-year contract with the US Air Force. The FTSE 250 company said it has been awarded prime contractor position on the Air Force Civil Engineer Center (AFCEC) Architect-Enginee
Read more3 Mar 2016 16:24
2 Mar 2016 08:33
Amec Foster Wheeler completes debt refinancing
(ShareCast News) - Amec Foster Wheeler has completed a £1.7bn refinancing of its main debt facilities. The engineering services company said the new facility with a syndicate of 20 banks includes a three year £650m term loan, a five-year £650m term loan and a five-year £400m revolving credit facilit
Read more23 Feb 2016 06:59
Amec Foster Wheeler wins US defence construction contract
(ShareCast News) - Amec Foster Wheeler has won a $183m contract from the US Army Corp of Engineers (ASACE) to help build at the Aegis missile site in Poland. The FTSE 250 company will provide USACE with launcher foundations, apron and crane pads, power plant facilities, warehouses and affiliated
Read more