Offshore engineering firm Wood Group, has won a contract from Mexican state owned PEMEX, worth US$ 28 million over a duration of three years.
Wood Group | Offshore Post
Multinational oil and gas services company, Wood Group, have acquired Canadian based BETA Machinery Analysis for US$14.3 million.
Wood Group PSN, the UK based oil and gas services firm has won a US$250m (GB£159m) duty holder contract for the subsea CATS pipeline.
Wood Group has won a contract for offshore engineering and offshore construction management services from Saudi sate, Saudi Aramco. The contract is for an initial duration of six years, and covers both greenfield and brownfield engineering services, including procurement and construction management for all new Saudi Aramco facilities in the Arabian Gulf. The contract also includes a further two, three year options. The contract also requires Wood Group to establish and implement an ‘Engineering Centre of Excellence’, to be located in the costal city of Al Khobar, in Saudi Arabia’s Eastern Province. Wood Group has handed the work to its US based, ‘Wood Group Mustang’, which will in turn operate through a pre-existing joint venture in the Saudi Kingdom called ‘Mustang-HDP’ in order to execute the contract. Mustang-HDP was initially set up in 2011, when Wood Group first undertook engineering work for Saudi Aramco. Through that initial joint venture, Wood Group sought to establish themselves, not only with Saud Aramco, but in a wider capacity for offshore oil and gas engineering services within the Arabian Gulf. Wood Group Mustang CEO, Michele McNichol, stated: “We look forward to helping Saudi Aramco to implement its offshore production strategies and to developing the…
Centrica Energy has announced that it will extend its contract for the Hummingbird Spirit FPSO until March 2016 for its Chestnut field.