) recently announced that it has been selected by Shell Canada
Energy to conduct off-site modularization and pipe fabrication at
Shell Canada's Edmonton Module Facility. As per the contract, KBR
will help Shell to derive the maximum benefits from the off-site
modularization by providing pipe spool fabrication and module
assembly for pipe, process, equipment and building modules.
The contract also involves the manufacture of a number of
unique and new vertical modules and support for off-site testing
and commissioning services. This project is KBR's first Canadian
Oil Sands Carbon Capture and Storage project.
The project at Edmonton Module Facility will deploy Shell
Quest Carbon Capture and Storage (CCS) technologies to minimize
CO2 emissions at Shell's Upgrader, which primarily upgrades oil
generated from Shell's Athabasca Oil Sands operations. The Shell
Quest Carbon Capture and Storage technology is expected to
decrease greenhouse gas emissions by capturing more than one
million metric tons of CO2 produced during the upgrading process
Recently, KBR inked an agreement with the State Oil Company of
the Azerbaijan Republic (SOCAR). The contract relates to
providing the front-end engineering and design (FEED) services to
the Gas Processing Plant (GPP) located in the Oil-Gas Processing
and Petrochemical Complex (OGPC) in Azerbaijan.
The contract will be considered in KBR's Hydrocarbon's market,
which primarily engages in engineering, procurement and
construction services for large and complex upstream and
downstream projects, including LNG and GTL facilities, onshore
and offshore oil and gas production facilities, refining,
petrochemicals, biofuels and other projects throughout the world.
The technology segment revenue under the Hydrocarbon's market
grew 20% year over year.
KBR currently carries a Zacks Rank #3 (Hold). Other stocks
worth a look in the services sector are
Jacobs Engineering Group Inc.
AECOM Technology Corp
Chicago Bridge & Iron
), all carrying a Zacks Rank #2 (Buy).
AECOM TECH CORP (ACM): Free Stock Analysis
CHICAGO BRIDGE (CBI): Free Stock Analysis
JACOBS ENGIN GR (JEC): Free Stock Analysis
KBR INC (KBR): Free Stock Analysis Report
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