10 Mar 2016 12:11
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Don't have an account? Click here to register.Amec Foster Wheeler wins two contracts with Repsol Sinopec
Tue, 12th Jul 2016 07:18
(ShareCast News) - Amec Foster Wheeler said it had won two long-term major services contracts as part of Repsol Sinopec Resources UK's long-term transformation and commitment to the North Sea.Both contracts are for an initial three-year term with up to two one year extensions.The new contracts are for the provision of maintenance and construction labour and engineering support services, covering its offshore operated assets and the terminal at Flotta, Amec said.The first contract is a new, simplified labour supply contract, replacing the previous maintenance services model. Amec Foster Wheeler's scope covers seven offshore assets: Arbroath; Bleo Holm; Buchan; Clyde; Claymore; Montrose; Tartan.The second is for a tier 1 engineering services support, covering brownfield modifications and repair orders on a call-off basis, reflecting Repsol Sinopec's asset-based structure and allowing assets to align engineering scopes with suppliers whose core competence makes them best placed to execute them efficiently.
More News
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
3 Mar 2016 10:41
Amec Foster secures £125m contract with BP
(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 cover
Read more2 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