Engineering firm Wood Group has continued its run of contract wins in the offshore oil and gas sector, with the latest contract being for Shell's Prelude floating LNG project.
Engineering contractors Monadelphous Group and Wood Group have secured new contracts with Woodside Petroleum and ConocoPhillips to service existing oil & gas facilities.
Engineering services contractor Wood Group Kenny Australia has been awarded a US$6 million contract for work on the Browse floating liquefied natural gas development.
Australian employees of oil and gas service provider Wood Group PSN can expect a salary freeze while contractors will experience rate reductions, a move the company said was in response to cost and efficiency challenges affecting the sector.
A partnership between oil and gas heavyweights Woodside Petroleum and Chevron, and the University of Western Australia is changing the design of offshore pipelines and cutting construction costs for the expensive infrastructure.
The Perth office of international engineering firm Wood Group Kenny has been appointed by Sunbird Energy for works on the Ibhubesi gas project off the coast of South Africa.
Engineering firms exposed to mining are going through a tough patch but prospects are much better for those like Technip and Clough in the oil & gas sector.
International subsea engineering company Wood Group Kenny has won an $8 million front end engineering and design (FEED) contract for the subsea development of Hess Exploration's Equus offshore deep
