Jacobs Engineering Group Inc. (JEC) has received a contract from Suncor Energy to provide project management, engineering and procurement services to complete the scoping study and Design Basis Memorandum (DBM) for tailings and water transfer projects. These projects are a portion of the Tailings Reduction Operations (TRO) implementation at Suncor's oil sands mining, extraction and upgrading facility located 30 kilometers north of Fort McMurray, Alberta, Canada. Officials have not disclosed the contract value.  TRO is Suncor's new initiative to implement a Mature Fine Tailings (MFT) drying process, which results in the dry material to be reclaimed in place or moved to another location for final reclamation. The process helps achieve a dryer landscape in a shorter period of time and allows for accelerated reclamation timelines, shrinking the environmental footprint of oil sands mining operations.  With annual revenues exceeding $12 billion, Jacobs is one of the world's ...

Interesting piece from MEED vis a vis Tripoli’s $54bn, 20-year commitment to develop joint ventures with multinational firms in order to transform the Gulf of Sitre–and namely the oil-rich industrial cities of Marsa el-Brega and Ras Lanuf–into energy hubs founded on oil and gas processing and distribution, as well as into a resort destination.  The two cities lack proper downstream investment, but the potential returns on FDI are enormous, gushed a source from the U.S. engineering firm Fluor Corporation, which was commissioned to oversee the project:

“Libya is virgin territory. It is coming out of a long embargo so there are great opportunities. The energy cities have these anchor investments but also provide for secondary industries, which take products from the heavy industries and produce plastics, for example. They also provide work for industrial and construction services. There is a much greater, wider and more open opportunity for investment, from oil

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Jacobs Engineering Group Inc. (JEC) yesterday signed a contract with Amtrak, the National Railroad Passenger Corporation. According to the contract, the company will provide program management and construction management services for more than 100 infrastructure improvement projects (at over 360 locations). The potential value in excess of $560 million will be funded through the American Recovery and Reinvestment Act (ARRA) economic-stimulus package.   Under this contract, Jacobs will manage, procure, and administer, in part or in full, the design and construction of projects such as maintenance facility upgrades, bridge replacements, track work, security enhancements, and various station improvements.   In support of small and minority-owned businesses, Jacobs and Amtrak will set individual goals for significant levels of small and disadvantaged business enterprise participation, and contract projects to create jobs that will further economic recovery and provide long-term benefits.   With annual revenues exceeding $12 billion, Jacobs is one ...

Yesterday, Jacobs Engineering Group Inc. (JEC) and Office Cherifien Des Phosphates (OCP) entered into an engineering joint venture agreement.  The terms of agreement are not disclosed. However, during the initial phase, the joint venture will provide program, project management and engineering services for projects based on the US$5 billion investment program of Office Cherifien in Morocco.  The agreement, when completed, will represent a powerful combination of engineering and program management resources aligned to support OCP in implementing its strategic expansion plans, in particular the infrastructural elements of the Jorf Lasfar phosphate hub development.  It will also advance Jacobs’ growth plans in the fertilizer industry in general and in the region in particular. The joint venture will provide services to OCP and third parties in their phosphate engineering business activities worldwide. In addition, the parties intend to expand the capabilities of the joint venture to ...

Yesterday, oilfield service provider Halliburton Company (HAL) announced the receipt of a two-year, $229 million contract from the Norwegian subsidiary of Talisman Energy Inc (TLM). The deal calls for Halliburton to provide drilling fluids and related services to all Talisman-operated fields on the Norwegian Continental Shelf.  Halliburton further said that work on the contract, which includes several extension options, began in the third quarter of 2009. The world's second-largest oilfield services company after Schlumberger Limited (SLB) will provide the required services through its Baroid product service line.  We view the Talisman contract award as a positive for Halliburton, especially at a time when the company is reeling from its heavy exposure to the North American market.  Houston, Texas-based Halliburton Company is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, ...

Last week, Jacobs Engineering Group Inc. (JEC) was awarded a three-year extension on the Engineering and Science Contract (ESC) at the NASA Johnson Space Center (JSC) with an estimated value of $978 million. This brings the total contract value to approximately $2.16 billion through Jan 31, 2013, with an eight-year total performance period.  The Jacobs Team supporting NASA ESC includes five major subcontractors: Hamilton Sundstrand (HS), Barrios Technology Ltd. (Barrios), MEI Technologies Inc. (MEI), ERC Incorporated (ERC), and GeoControl Systems Inc. (GCS).  Jacobs provides services to Johnson's Engineering Directorate and Astromaterials Research and Exploration Science office. Specific support includes engineering products and services for the International Space Station (ISS), Space Shuttle and other spacecraft flight programs; design, development, certification and production of hardware and software; operation and maintenance of on-site laboratories and facilities; and research and development for new technology. In addition, Jacobs is supporting the ...

Yesterday, Jacobs Engineering Group Inc. (JEC) received a contract from the Stanford University Medical Center in Palo Alto, Calif. According to the contract Jacobs will provide program and construction management services for the New Stanford Hospital and Lucile Packard Children's Hospital Expansion Projects. However, the contract value was not disclosed.   Recently, the company also received a contract from Abu Dhabi Polymers Company (Borouge) to develop front-end engineering and design (FEED) for a section of the "Borouge 3" project, a grassroots polypropylene/polyethylene facility in Abu Dhabi in the United Arab Emirates.   With annual revenues exceeding $12 billion, Jacobs’ is one of the world's largest and most diverse providers of technical, professional and construction services. Its major competitors are Foster Wheeler AG (FWLT) and Fluor Corp. (FLR).   The company’s diversification in terms of markets, geography and services will continue to facilitate future growth. Moreover, Jacobs’ ...

On Tuesday, Jacobs Engineering Group Inc. (JEC) received a contract to lead design efforts on the Interstate-15 (I-15) south design-build project for the Nevada Department of Transportation (NDOT). The terms of the contract were not disclosed, but the project's total construction value is estimated at 6.5 million.

This project includes roadway and bridge design for improvements to 6 miles of I-15, from Tropicana Avenue to Silverado Ranch Boulevard in Clark County, Nev. These improvements are to relieve current congestion and prepare for future growth. Jacobs is a subcontractor to Las Vegas Paving Corporation, the project's local contractor.

Jacobs is one of the world's largest and most diverse providers of technical, professional and construction services. Its major competitors are Foster Wheeler AG (FWLT) and Fluor Corp. (FLR).

The company's diversification in terms of markets, geography and services will continue to facilitate future growth. Moreover, Jacobs' cost focus puts it in

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Yesterday, Acergy (ACGY) said it won a contract worth about $110 million from Total (TOT) E&P Angola and BP Angola (Block 18) B.V. The deal involves the installation of over 70 kilometers of 24-inch pipeline from Block 2, together with related jumpers, PLET and tie-ins to the near-shore/onshore pipeline in water depths up to 40 meters.

While the engineering work will begin immediately, offshore installation is scheduled to start in the second quarter of 2010. The company will use Acergy Hawk and Acergy Legend for construction support and rigid pipelay asset Acergy Polaris for this contract.

The contract reflects Acergy’s strong presence in Angola. In 2008, the company won a $250 million deal from Angola LNG Ltd. for the development of a pipeline network. Eralier in 2007, it had successfully completed the Greater Plutonio project in deepwater offshore Angola.

We believe that Acergy remains well positioned to

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On Wednesday, Jacobs Engineering Group Inc. (JEC) received a 2-year extension of its term on the National Engineering and Environmental Consultancy (NEEC) Agreement framework with the Environment Agency of England and Wales.   Jacobs will provide project management and full-design services in support of the Environment Agency's national flood and coastal risk management and water resources capital works programs. However, the financial terms were not disclosed.   The consultancy framework, one of the largest in the public sector in U.K. with an investment of approximately US$89 million in 2008-2009, includes project identification, option appraisal through detailed design and contract documentation, contract supervision, and post-project appraisals. The agreement emphasizes value for money, program management, health and safety and sustainable design within a competitive environment. The framework agreement has been extended to October 2011.   The Environment Agency, a government body in the U.K., aims to protect and improve the ...