Wood Group awarded $12Mln Operations & Maintenance Contract by Apex

Posted by Joseph R. Fonseca
Saturday, April 26, 2014
Logo

 

Wood Group GTS and Apex Bethel Energy Center, LLC (“Apex”) have signed a three-year operations & maintenance (O&M) agreement for the Bethel Energy Center. Under the $12 million contract, Wood Group GTS will be responsible for care, custody and control of the facility when it begins commercial operation in 2017. Construction is soon to begin for the plant in East Texas, which will utilize compressed air energy storage (“CAES”) technology.

“We needed an O&M partner willing to work with us during the development stage of the project. In Wood Group, we found a highly experienced O&M service provider with an excellent reputation in the industry and is well respected by investors,” said Jack Farley, CEO of Apex. “Their customer-focused technical and commercial engagement made the negotiation of the service agreement very productive. Also, their ability to work within a tight schedule along with the OEM, which has minority interest in the facility, was critical to meeting our schedule.”

“As the O&M partner for APEX we are able to minimize technical and commercial risks, while incorporating a transparent and flexible contracting structure,” said Frank Avery, president of Wood Group GTS - Power Plant Services. “Our customer-focused programs, practices and procedures apply to facilities with all OEM turbine technologies and platforms, and have been honed from a solid foundation of operating experience and continuous improvement. With a risk-based approach to plant performance and availability, regulatory compliance requirements, and financial performance, we can stay aligned with our customer’s goals and objectives.”

O&M is a part of the overall products and services offered by Wood Group GTS, and are designed to maximize the return on our customers’ investments in rotating equipment technologies.



 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Sea IT, Veritas Tankers Ink Long-term Software Deal

Sea IT has entered a long term ICT agreement with Veritas Tankers. The agreement comprises installation of BlueCORE Generation 4, an ICT platform specifically developed for the marine industry,

Update on Seagull Mobile apps for Crew

The Seagull mobile app for crew training status is set to revolutionise the way seafarers track their training records and receive critical safety alerts, by making

Neptune Awarded Kitan Contract

Neptune has been awarded an air diving services contract by Technip Oceania Pty Ltd (“Technip”) for the Kitan disconnection project. The project is offshore

Contracts

Sea IT, Veritas Tankers Ink Long-term Software Deal

Sea IT has entered a long term ICT agreement with Veritas Tankers. The agreement comprises installation of BlueCORE Generation 4, an ICT platform specifically developed for the marine industry,

Interior Facelift for Queen Mary 2

Cunard’s luxurious flagship, the iconic 2,620 passenger ocean liner Queen Mary 2, will undergo an interior refit at the hands of McCue Marine during a 25-day multimillion-pound

Chemical Shipping Freight Rates to Remain Under Pressure

On the back of low bunker prices and more new buildings to be delivered in 2016, chemical shipping freight rates for both contracts of affreightment and spot cargoes

Energy

Maersk Drilling Posts Record Profit

Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted

Total Proposes 0.61 ‎€ per Share Dividend

The Board of Directors of Total met on February 10, 2016, and agreed to propose to the Annual Shareholders’ Meeting on May 24, 2016, a 2015 annual dividend of 2.

Rosneft, Pietro Barbaro Form JV for Shipping

Rosneft and Pietro Barbaro S.p.A. signed a Memorandum of Understanding with the scope of creating a Joint Venture (JV) in the area of international shipping. The

News

Sea IT, Veritas Tankers Ink Long-term Software Deal

Sea IT has entered a long term ICT agreement with Veritas Tankers. The agreement comprises installation of BlueCORE Generation 4, an ICT platform specifically developed for the marine industry,

Interior Facelift for Queen Mary 2

Cunard’s luxurious flagship, the iconic 2,620 passenger ocean liner Queen Mary 2, will undergo an interior refit at the hands of McCue Marine during a 25-day multimillion-pound

OSV Delivered to MC2 in Dubai

Marine Core & Charter LLC (MC2) headquartered in Dubai has taken delivery of the new build PETRA-1, the first of two, 45-meter Fast Offshore Support Vessels in

 
 
Maritime Standards Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1433 sec (7 req/sec)