Contract awards.Jacobs Engineering Group Inc. announced two contract awards and a Canadian acquisition last week. The Pasadena-based engineering company, which saw its share price rise $4 to close at $90.43 on April 6, acquired Techna-West Engineering, an Edmonton, Alberta-based firm that specializes in petroleum-based engineering services and promises to boost business in the region. Terms of the deal were not disclosed. The firm also announced it received a contract to provide engineering and procurement services for BP plc's Carson refinery. The project, estimated to be worth about $80 million, will allow the oil company to meet new air quality regulations regarding the removal of particulate emissions that will go into effect in 2008. It also announced a project with the British government's Department for Environment, Food and Rural Affairs to lessen the potential impact of port development. Terms of the agreement were not disclosed. |
|
||||||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion