25 Jun 2015 08:33
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Don't have an account? Click here to register.Lamprell scores another contract from Petrofac
Thu, 19th Jun 2014 09:03
AIM-listed engineering group Lamprell announced it has won a new contract with FTSE 100 constituent Petrofac Emirates for the production and delivery of 29 modules.The modules are being constructed for use in connection with the Zakum Development company one of Abu Dhabi Oil Company's landmark field development based in the region.The estimated total weight for all of the modules will be approximately 10,000 tonnes. Lamprell will deliver the first shipment of modules in the second quarter of 2015, with the final pipe-rack expected to be delivered in first quarter 2016. Chief Executive Officer James Moffat said: "We are pleased to announce this new contract from Petrofac, for whom Lamprell completed similar works last year for the Laggan Tormore development in the North Sea." As of 09:24 the share price had risen 0.09% to 145.75p. WS
More News
7 Jun 2015 09:30
UPDATE 1-UAE's National Drilling Company to buy 14 new rigs for $543 mln
(Adds details on contracts) ABU DHABI, June 7 (Reuters) - The United Arab Emirates' National Drilling Company has signed contracts worth $543 million to buy 14 new rigs, state news agency WAM reported on Sunday. One offshore and one onshore rig, worth $203 million, will be built in th
Read more1 Jun 2015 09:48
Monday broker round-up
Lamprell: Citi reiterates neutral recommendation and raises target to 155p. British Land: JP Morgan ups target to 970p from 950p and stays at overweight. Derwent London: JP Morgan raises target to 3,900p from 3,800p but keeps at overweight. Great Portland Estates: JP Morgan lifts target to 920p fr
Read more1 Jun 2015 09:03
BUZZ-Lamprell: rises as Citi hikes target price
** Rigmaker Lamprell up as much as 6 pct in healthy volume after Citi increases TP to 155p from 110p ** Lamprell well-positioned to capitalise on the continued strength in upstream activity in the Middle East, Citi analysts say in note ** Numis adds co to its Top Picks portfolio for J
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