Kvaerner wins $1.5 billion contract from ExxonMobil
OSLO (Reuters) - Norwegian oil services firm Kvaerner (KVAER.OL) has won a contract from ExxonMobil (XOM.N) worth about $1.5 billion, the firm said on Tuesday.
ExxonMobil is exercising an option for engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS) offshore Canada, for which Kvaerner has already performed engineering and site preparation services.
The contract includes work conducted to date on the Hebron project, Kvaerner said.
(Reporting By Victoria Klesty)
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.