Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Engineering services company Worley (WOR) has entered an enabling agreement with ExxonMobil Global Services, a multinational oil and gas explorer
  • Under the agreement, Worley will assist with operations at ExxonMobil’s refining and chemicals sites in Texas and Louisiana
  • Following news of the agreement, Worley is up 2.67 per cent with shares trading at $14.60 each

Engineering services company Worley (WOR) has entered an enabling agreement with ExxonMobil Global Services.

The agreement will allow ExxonMobil, a multinational oil and gas explorer, to contract with Worley to provide services to ExxonMobil’s refining and chemicals operations sites in Texas and Louisiana.

ExxonMobil is one of the world’s largest publicly traded energy providers and chemical manufacturers.

It develops and applies innovative technologies to meet the world’s growing demand for energy and high-quality chemical products.

“We are pleased that ExxonMobil has chosen to enter into this agreement that will enable them to engage our continued support for their refining and chemicals operations in the United States,” Worley CEO Andrew Wood said.

Worley is an ASX 200-listed company that provides services for general mechanical, small-cap construction, maintenance and turnarounds support at four locations in Texas and Louisiana.

The company also deals with packing, shipping and loading and unloading rail cars at another two locations.

Following news of the agreement, Worley is up 2.67 per cent with shares trading at $14.60 each at market close.

WOR by the numbers
More From The Market Herald

" Harvey Norman Chairman fires back at concerned shareholder during AGM

Harvey Norman’s Annual General Meeting yesterday caused quite a stir as Chairman Gerry Harvey reportedly lashed out at shareholders.

" Forrest rejects “Wait Awhile” state as home for hydrogen project

Fortescue Metals Group (FMG) Chairman Andrew Forrest said Western Australian was the first choice for the Fortescue Futures Initiative (FFI) hydrogen project, but

" Qantas (ASX:QAN) brings forward international flights to Nov 1

Qantas (QAN) will begin international flights two weeks earlier than planned, on November 1, 2021, after the Federal and New South Wales governments
Insurance Australia Group (IAG) - MD and CEO, Nick Hawkins

" ASIC sues Insurance Australian Group (ASX:IAG) for misleading discounts

Insurance Australia Group (IAG) shares are sinking today after the corporate watchdog announced civil action against an IAG subsidiary for failing to honour