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Shawcor Ltd : Shawcor Announces Leadership Change

Shawcor Ltd.: Shawcor Announces Leadership Change TORONTO, May 28, 2021 (GLOBE NEWSWIRE) Shawcor Ltd. ( Shawcor or the Company ) (TSX: SCL) announced today that Steve Orr will retire as Chief Executive Officer and director of the Company effective June 1, 2021. Current President, Mike Reeves, will succeed him and will also be appointed as a director on that date. Following his retirement, Mr. Orr will continue to support the Company in an advisory role. Steve joined Shawcor in 2013 as President and was appointed President and CEO in May of 2014. Under his leadership, Shawcor has prioritized employee health & safety, diversified its portfolio of technology and products, embraced opportunities to lead positive change around environmental, social and governance matters and has become a fundamentally more efficient organization.

Fortescue chooses contractor for two big battery installations in Pilbara

29 April 2021 Fortescue Metals Group is moving ahead with its plans to achieve net zero operational emissions by 2030, this week commissioning Contract Power Australia to deliver the big battery component of its $450 million solar and gas hybrid Pilbara Generation project. Contract Power parent company Pacific Energy said on Thursday that it had been signed up to design, construct, test, install and commission two battery energy storage systems totalling 42MW as part of Fortescue’s integrated power network in the Pilbara region. The Pilbara batteries will total 42MW and 13MWh and are being developed alongside 150MW of solar and 150MW of new gas-fired generation that will be owned and operated by Fortescue as part of the $450 million generation component of its $700 million Project Energy Connect.

Shawcor Ltd Announces Conditional Award for North Sea Development Project

Article content TORONTO, March 15, 2021 (GLOBE NEWSWIRE) Shawcor Ltd. (TSX: SCL) announced today that its pipe coating division has secured a firm contract, pending project sanction, to provide a wet insulation coating system utilizing its proprietary ULTRA™ technology for a Development Project located in the North Sea. The conditional award was secured following a technology development program to extend Shawcor’s ULTRA™ platform. The value of the award is in the range of C$40-$45 million, pending final investment decision which is expected to occur in the third quarter of 2021. The work is expected to be executed from Shawcor’s Okanger, Norway facility commencing in the third quarter of 2022.

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