$70M Canadian Offshore Oil Contract Awarded
According to a Nov. 10 report from CBC News, A major contract has been awarded to start work on Newfoundland and Labrador's Hebron offshore oil project. U.S. construction company Peter Kiewit has won a $70m contract for engineering and site preparation. The work will be done at Bull Arm fabrication site in eastern Newfoundland. Kiewit is sharing the work with Aker Solutions (AKSO.OL), and Exxon Mobil (XOM) is leading the consortium to develop Hebron.
(Source: CBC News)