Total
0
Shares
Worley (ASX:WOR)- CEO, Chris Ashton - The Market Herald
CEO, Chris Ashton
Source: Worley
  • Worley (WOR) has been awarded a contract by the Hardisty Energy Terminal Partnership for services at the Hardisty terminal in Alberta, Canada
  • The Hardisty terminal is where various grades of Canadian crude oil are received from the Western Canada Sedimentary Basin and then loaded onto railcars for transportation
  • Under this contract, Worley will provide engineering, purchase, fabrication and construction services for a new diluent recovery unit
  • This unit has eight million litres, or roughly 50,000 barrels, of inlet capacity per day
  • Worley is down a slight 1.19 per cent and shares are currently trading for $9.11 each

Worley (WOR) has been awarded a contract by the Hardisty Energy Terminal Partnership for services at the Hardisty terminal in Alberta, Canada.

The Hardisty Energy Terminal Partnership is a joint venture between Gibson Energy and U.S. Development Group.

The Hardisty terminal is where various grades of Canadian crude oil are received from the Western Canada Sedimentary Basin and then loaded onto railcars for transportation to end markets.

The terminal can load up to two 120-railcars per day.

It receives deliveries of crude oil from a direct pipeline connect from Gibson Energy's Hardisty storage terminal.

Under this contract, Worley will provide engineering, purchase, fabrication and construction services for a new diluent recovery unit (DRU) that has eight million litres, or roughly 50,000 barrels, of inlet capacity per day.

The DRU will enable product from the Gibson Hardisty terminal to access new markets in the States and Canada.

Worley's team will provide fabrication and module assembly at the Edmonton yard before completing the DRU.

Engineering support services will then be provided from the company's Calgary office.

"We are pleased that the Hardisty Energy Terminal Partnership has engaged Worley for their new diluent recovery unit," CEO Chris Ashton said.

"As an Australian company operating globally, we look forward to supporting the partnership access new energy markets," he added.

Worley is down a slight 1.19 per cent and shares are trading for $9.11 each at 2:30 pm AEST.


Subscribe


WOR by the numbers
More From The Market Herald
Nine Entertainment (ASX:NEC) - Chief Financial Officer, Paul Koppelman - The Market Herald

" Nine Entertainment (ASX:NEC) CFO Paul Koppelman resigns before FY20 results

Nine Entertainment (NEC) Chief Financial Officer, Paul Koppelman, has resigned just before the company releases its 2020 financial year results.
New Hope Corporation (ASX:NHC) - Incoming CEO, Reinhold Schmidt (middle) - The Market Herald

" New Hope Corporation (ASX:NHC) appoints Reinhold Schmidt following Shane Stephan’s retirement

New Hope Corporation (NHC) has appointed Reinhold Schmidt as the new CEO, effective from September 1 2020.
Austal (ASX:ASB) starts construction on its largest ferry

" Austal (ASX:ASB) starts construction on its largest ferry

Australian shipbuilder Austal’s (ASB) subsidiary, Austal Philippines, has commenced construction on its largest-ever ferry.

" Worley (ASX:WOR) moves to full ownership of TW Power Services

Worley Limited (WOR) has revealed it has increased its stake in TW Power Services to 100 per cent ownership.