11-10-2013, 08:20 PM
Management got distracted looking at their "value unlocking" strategy and took their eye off the ball I think. Seems like a lot of execution issues at their projects.
Quote:AusGroup signs Multi-Discipline Services Agreement with Woodside
AusGroup Limited subsidiary AGC Industries Pty Ltd (‘AGC’) a leading Australian based maintenance, fabrication, construction and integrated services provider to the LNG, Oil and Gas and Resources sectors, is pleased to announce that they have signed a Multi-Discipline Services Agreement (MDSA) with Woodside Energy as operator of the North West Shelf Project for maintenance work at the Domestic Gas Plant.
The scope of work will focus on AGC’s capability including mechanical works, structural steel, site installation and welding, inspection, cladding and insulation, blasting and painting, scaffolding supply and installation across all areas of the Domestic Gas Plant.
The MDSA will provide AGC with the opportunity to participate in a rolling program of general and campaign maintenance activity potentially over the next 5 years. AGC’s business is built on a proven track record in projects across the LNG, Oil and Gas and Resources sectors.
“We are pleased to continue our valued relationship with Woodside for domestic gas as part of the North West Shelf Project. We look forward to providing long-term value to Woodside’s asset management program through our extensive experience in brownfields work and our extensive suite of services,” said CEO and Managing Director Stuart Kenny.
The Karratha Gas Plant (KGP) has one of the largest domestic gas plants in the southern hemisphere and consists of two parallel processing trains which together are capable of producing approximately 12,000 tonnes of domestic gas per day. The North West Shelf project currently provides the majority of Western Australia’s total domestic gas production.
(22-05-2017, 09:50 AM)Squirrel Wrote: [ -> ]Announced Debt to Equity conversion. Interesting development. Anyone following this?
http://www.businesstimes.com.sg/companie...older-loan