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Blog Exposure - Shell Energy Awards 5-Year Renewal Contract to Jacobs Engineering for its Scotford Site

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LONDON, UK / ACCESSWIRE / February 08, 2018 / Active-Investors.com has just released a free research report on Jacobs Engineering Group Inc. (NYSE: JEC) ("Jacobs"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=JEC as the Company's latest news hit the wire. On February 06, 2018, the Company, which is an international technical professional services firm, declared that it has secured a five-year renewal contract from one of Canada's largest integrated oil Companies, Shell Canada Ltd. Under the contract, Jacobs would be required to provide mechanical maintenance and turnaround services on Shell Canada's Scotford site located in Fort Saskatchewan, Alberta, Canada. Jacobs plans to employ approximately 300 full-time personnel in order to provide these services for the full facility. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Grana y Montero S.A.A. (NYSE: GRAM), which also belongs to the Services sector as the Company Jacobs Engineering Group. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Jacobs Engineering Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=JEC

Jacobs' Long-Standing Relationship with Shell Canada

A prominent player in the global professional services sector, Jacobs delivers solutions for a more connected, sustainable world. It is one of the world's largest and most diverse providers of technical, professional, and construction services for a broad range of Companies and organizations, including industrial, commercial, and government clients across multiple markets and geographies.

Jacobs has a long-standing relationship with Shell Canada. It has been safely providing mechanical maintenance and turnaround solutions to Shell Canada at their Scotford site for three and half decades now. Before this contract renewal, on May 22, 2012, Shell Canada awarded a five-year contract to Jacobs to provide main mechanical maintenance services to its Canadian operations, including the Scotford Upgrader and Manufacturing facilities near Fort Saskatchewan, Alberta; Corunna Refinery near Sarnia, Ontario; and Albian Jackpine and Muskeg River Mines near Fort McMurray, Alberta. Under the contract, Jacobs provided mechanical maintenance, including small capital project construction and turnaround activities at these sites.

Stephen Hillier, Senior Vice President and General Manager, Jacobs Construction, Maintenance, and Turnarounds, shared that his team will continue to innovate and support the successful operations at Scotford in this five-year renewal contract. Besides, he also intends to create more employment opportunities for the Fort Saskatchewan community through this project.

Jacobs's Increasing Presence in North America

Jacobs received several significant maintenance and turnarounds contracts in North America in 2017. This contract with Shell Canada builds on this momentum.

On February 28, 2017, Jacobs secured a five-year contract from The Chemours Co. FC LLC to deliver small capital construction, ongoing maintenance, and turnaround execution at a production facility in West Virginia. Post that, Jacobs received a four-year contract extension to provide maintenance, product handling, and packaging services for a specialty chemical Company Kraton Corp. on April 25, 2017. Apart from these, the Company also secured the following contracts last year:

  • A three-year contract to execute maintenance, turnarounds, and small capital construction at five sites for a multinational fertilizer Company;
  • Two five-year multiple use contracts to support four petroleum facilities;
  • A five-year mechanical maintenance contract extension for a synthetic crude oil producer; and
  • A four-year contract to perform small capital construction for seven chemical plants.

Stock Performance Snapshot

February 07, 2018 - At Wednesday's closing bell, Jacobs Engineering Group's stock advanced 2.92%, ending the trading session at $66.01.

Volume traded for the day: 2.08 million shares, which was above the 3-month average volume of 941.10 thousand shares.

Stock performance in the last three-month – up 8.02%; previous six-month period – up 21.97%; past twelve-month period – up 12.26%; and year-to-date - up 0.08%

After yesterday's close, Jacobs Engineering Group's market cap was at $9.79 billion.

Price to Earnings (P/E) ratio was at 27.28.

The stock has a dividend yield of 0.91%.

The stock is part of the Services sector, categorized under the Technical Services industry.

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