focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

Norway's Statoil appoints Wood Group to upgrade Kollsnes gas plant

Fri, 13th Mar 2015 10:14

OSLO, March 13 (Reuters) - Norway's Statoil hasawarded Scottish-based Wood Group an engineering anddesign contract for modifications and upgrades at the Kollsnesgas processing plant in Norway on behalf of operator Gassco.

The contract includes options for upgrade and expansion ofcapacity of a gas pipeline from the North Sea Kvitebjorn fieldto Kollsnes on the west coast.

Norway is western Europe's top gas exporter, supplying abouta fifth of the European Union's gas needs.

Kollsnes accounts for 40 percent of the gas deliveries fromNorway, making it vital that the plant runs at optimum capacity,Gassco's operations director Svein Birger Thaule said.

Thaule declined to reveal the value of the upgrade contract.

The work will start immediately and the contract will expirein December 2017.

Statoil is technical service provider for the Kollsnes plant (Reporting By Ole Petter Skonnord; Editing by Alister Doyle andDavid Goodman)

Related Shares

More News
15 May 2024 16:59

LONDON MARKET CLOSE: Confident trade as US inflation rate cools

(Alliance News) - Stock prices in London closed higher on Wednesday, while the dollar struggled after a softer US inflation reading and weaker retail ...

15 May 2024 15:55

TOP NEWS: John Wood rejects improved takeover proposal by Sidara

(Alliance News) - John Wood Group PLC on Wednesday said it rejected a new takeover proposal from Dar Al-Handasah Consultants Shair & Partners Holdings...

15 May 2024 15:38

Wood Group rejects 212p a share takeover proposal from Sidara, shares tumble

(Sharecast News) - Wood Group tumbled on Wednesday after saying it had rejected a second, improved £1.5bn takeover proposal from Dubai-based engi...

13 May 2024 15:36

London close: Stocks take a breather after last week's surge

(Sharecast News) - London's stock markets ended the day in negative territory on Monday, with investors taking a breather following a six-day winning ...

13 May 2024 12:01

LONDON MARKET MIDDAY: Stocks flat as IPO chat brightens up subdued day

(Alliance News) - Stocks in London marked time on Monday, consolidating recent gains, ahead of a key week of US economic data.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.