Conrail Shared Assets Operations

Petrofac Limited: Trading Update

Retrieved on: 
Tuesday, June 27, 2023
Well, Conrail Shared Assets Operations, Hitachi, Partnership, EPC, E&C, EBIT, Wind, Work, Growth, TenneT, Orlen Lietuva, Rare-earth element, Commercial property, Renewable energy, Fine chemical, Airline, Greens and Left Alliance

Petrofac issues the following pre-close trading update for the six months ending 30 June 2023.

Key Points: 
  • Petrofac issues the following pre-close trading update for the six months ending 30 June 2023.
  • Of the US$1.5 billion of opportunities at preferred bidder stage at the end of 2022, approximately US$1.2 billion have now been awarded.
  • The execution plan remains in line with the update provided with the FY22 year end results and discussions with the client in relation to cost recoveries are ongoing.
  • Asset Solutions continued to deliver robust performance in the first half, with revenue expected to be approximately US$0.7 billion.

Petrofac Limited: RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022

Retrieved on: 
Friday, April 28, 2023
Well, Uncertainty, Partnership, Rise Asset Development, Bank statement, Construction, EPC, E&C, EBIT, Sale, Wind, Sustainability Accounting Standards Board, Late life depression, COVID-19, Gulf of Mexico, Corporation, Conrail Shared Assets Operations, SFO, Growth, Framework agreement, IES, TenneT, Renewable energy, Pharmaceutical industry, Airline, Bank, Cryptocurrency, Commercial property, Petrofac

“I joined Petrofac because I see the business is a trusted project delivery partner, with significant opportunity for growth and value creation.

Key Points: 
  • “I joined Petrofac because I see the business is a trusted project delivery partner, with significant opportunity for growth and value creation.
  • We have an exceptional Engineering, Procurement, Construction and Operations capability that is well positioned to deliver and support critical energy infrastructure.
  • In an increasingly active market, we must be selective and disciplined as we grow our order book over the coming years.
  • The Group had US$506 million of liquidity(4) available at 31 December 2022 (2021: US$705 million).

Hill International celebrates ISO 19650 certification for Building Information Modelling (BIM) through global assurance provider, LRQA

Retrieved on: 
Tuesday, April 18, 2023
International standard, BIM, ISO, PMC, Consultant, Certification, Hill International, Risk, Region, Conrail Shared Assets Operations, LRQA, Risk management, Property management

Hill International is the first PMC Company to achieve ISO Certification Part 3 (Asset Operation) in the Middle East.

Key Points: 
  • Hill International is the first PMC Company to achieve ISO Certification Part 3 (Asset Operation) in the Middle East.
  • This demonstrates Hill International continues improvement mindset in providing best practice and gives its clients confidence that Hill International are working to the highest standards."
  • Amine Tayeg, Regional QMS Director at Hill International, said:
    "LRQA was among three tier-1 global consultants that we consulted with during the selection of the certification company for our BIM certification.
  • The two companies plan to continue working together to ensure consistency and quality across Hill International's management systems, re-enforced by certification through LRQA.

Hill International celebrates ISO 19650 certification for Building Information Modelling (BIM) through global assurance provider, LRQA

Retrieved on: 
Tuesday, April 18, 2023
International standard, BIM, ISO, PMC, Consultant, Certification, Hill International, Risk, Region, Conrail Shared Assets Operations, LRQA, Risk management, Property management

Hill International is the first PMC Company to achieve ISO Certification Part 3 (Asset Operation) in the Middle East.

Key Points: 
  • Hill International is the first PMC Company to achieve ISO Certification Part 3 (Asset Operation) in the Middle East.
  • This demonstrates Hill International continues improvement mindset in providing best practice and gives its clients confidence that Hill International are working to the highest standards."
  • Amine Tayeg, Regional QMS Director at Hill International, said:
    "LRQA was among three tier-1 global consultants that we consulted with during the selection of the certification company for our BIM certification.
  • The two companies plan to continue working together to ensure consistency and quality across Hill International's management systems, re-enforced by certification through LRQA.

Petrofac Limited: Trading Update

Retrieved on: 
Sunday, January 22, 2023
Well, Wind, EBIT, EBITDA, E&C, Gulf of Mexico, EPC, MENA, Conrail Shared Assets Operations, Growth, COVID-19, Hitachi, IES, Well engineering, Renewable energy, Oil, Auction, Bank, Life insurance, Petrofac

This will largely close-out the mature E&C portfolio that was heavily impacted by pandemic delays.

Key Points: 
  • This will largely close-out the mature E&C portfolio that was heavily impacted by pandemic delays.
  • Management expects to report Group revenue of approximately US$2.5 billion and a full-year business performance EBIT loss of approximately US$100 million for 2022.
  • Petrofac will continue to work closely with its partners to pursue the recovery of costs over the course of the contract and, in addition, seek to realise other portfolio upsides.
  • This includes bids submitted of approximately US$3.5 billion and a further US$1.5 billion where we are at preferred bidder stage.

ITS Logistics Announces Veterans Trucking Program, Paying Top Driver Wages Equivalent to Military Experience

Retrieved on: 
Monday, August 29, 2022
Workforce, Reno Aces, Program, Arlington National Cemetery, Veteran, CDL, Culture, HR, THANK, Quality of life, Las Vegas Aviators, GLOBE, Conrail Shared Assets Operations, ITS, Third-party logistics, Association, Industry, Logistics, Warehouse, Greater Nevada Field

For veterans with a commercial driver's license (CDL), 100% of a veterans time in the military (up to 20 years) will count towards their overall driving tenure and commensurate pay level.

Key Points: 
  • For veterans with a commercial driver's license (CDL), 100% of a veterans time in the military (up to 20 years) will count towards their overall driving tenure and commensurate pay level.
  • More than 13% of the ITS truck driving workforce are military veterans who are being paid for their experience.
  • On Sept. 2, the ITS Logistics Veterans Trucking Program will be highlighted at the Wreaths Across America Mobile Education Exhibit , where the new THANK YOU VETERANS wrapped truck and trailer will be unveiled.
  • The company is actively hiring logistics sales executives, finance, IT, HR, warehouse, commercial drivers license (CDL) drivers, and leadership positions.

Petrofac Limited: Trading Update

Retrieved on: 
Tuesday, June 28, 2022
EBIT, IES, Solution, AS, Wind, Engineering, Conrail Shared Assets Operations, EBITDA, Wells, Growth, Contract, Depreciation, AGM, E&C, Gulf of Mexico, Group, Online gambling, Risk management, Renewable energy, Oil

Petrofac issues the following pre-close trading update for the six months ending 30 June 2022.

Key Points: 
  • Petrofac issues the following pre-close trading update for the six months ending 30 June 2022.
  • Bidding activity in E&C is high and Asset Solutions has secured a strong order intake in the year to date.
  • IES has delivered a significant increase in production and is benefitting from high oil prices.
  • As previously reported, first half financial performance has been adversely impacted by delays and cost-overruns in our small and mature existing E&C portfolio.

UpKeep Writes the Book on Asset Operations Management

Retrieved on: 
Monday, May 16, 2022
Forbes, IDC, Paradigm, Chemical engineer, Upkeep, AOM, Research, Chemical substance, Workforce, Industry, University of California, Berkeley, Frustration, University, Technology, Conrail Shared Assets Operations, Organization, Operation, Founder, Intelligence, LOS, CEO, Renting, Asset management, Risk management, Maintenance

LOS ANGELES, May 16, 2022 /PRNewswire/ -- UpKeep, a leader in modernizing and revolutionizing the asset management space, announces the publication of a groundbreaking book, Asset Operations: The Future of Maintenance, Reliability, and Operations.

Key Points: 
  • New Paradigm Defines the Future of Maintenance, Reliability, and Operations
    LOS ANGELES, May 16, 2022 /PRNewswire/ -- UpKeep, a leader in modernizing and revolutionizing the asset management space, announces the publication of a groundbreaking book, Asset Operations: The Future of Maintenance, Reliability, and Operations.
  • Asset Operations includes a detailed common set of pillars that organizations must unite on to achieve Asset Operations Management excellence.
  • UpKeep has now been deployed to over 3,000 businesses and is a leader in mobile-first Asset Operations Management software.
  • UpKeep is an Asset Operations Management platform purpose-built to bring together maintenance, operations, and reliability data to help teams make important business decisions.

Petrofac Limited: RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021

Retrieved on: 
Friday, April 1, 2022
EBITDA, Consistency, SFO, Engineering, Contract, Investment, IES, Hydrogen, E&C, Rise Asset Development, Growth, Board, FEED, CPP Investment Board, Protium, Carbon, ADNOC, Conrail Shared Assets Operations, Technology, Review, Depreciation, COVID-19, EPC, Income, Policy, Production, Uncertainty, Seawind Ocean Technology, Renewable energy, Pharmaceutical industry, Bank, Group

We continued to manage the challenges of COVID-19 while delivering our significant cost reduction targets to enhance our competitiveness.

Key Points: 
  • We continued to manage the challenges of COVID-19 while delivering our significant cost reduction targets to enhance our competitiveness.
  • "Significant strategic progress made in 2021 under our plan to rebalance, reshape and rebuild Petrofac saw us resolve the SFO investigation and establish a long-term capital structure for the Group.
  • "Looking forward, we are focused on securing the backlog that will deliver profitable growth whilst retaining a strict approach to bidding discipline.
  • The Group has minimal current exposure to Russia, which represented 0.6% of Group backlog at 31 December 2021.

Ascend Adds Brad Heisterkamp to Leadership Team

Retrieved on: 
Wednesday, March 16, 2022
University, Growth, Transport, CRST, UPS, NFI, GLOBE, Conrail Shared Assets Operations, Auction, Management, Ascend

ATLANTA, March 16, 2022 (GLOBE NEWSWIRE) -- Atlanta-based Ascend LLC (Ascend), announced today the addition of Brad Heisterkamp as President of Asset Operations.

Key Points: 
  • ATLANTA, March 16, 2022 (GLOBE NEWSWIRE) -- Atlanta-based Ascend LLC (Ascend), announced today the addition of Brad Heisterkamp as President of Asset Operations.
  • We have great people in our regional businesses, said Michael McLary, Chief Executive Officer of Ascend.
  • Adding someone of Brads experience and skill to our leadership team helps us further develop our people and positions us for continued growth into additional geographic areas.
  • I am excited to join Ascend to be a part of its growing transportation carrier, said Heisterkamp.