.
UGL Ltd (ASX:UGL) and Downer EDI Ltd (ASX:DOW) have abandoned a contract with US oil giant Chevron.
The companies have pulled out of the contract because of rising cost concerns on the $35 billion Gorgon liquified natural gas development, Media reports said today.
The $2 billion contract was a joint bid for mechanical, electrical and other work on the Western Australian LNG project.
Chevron has reportedly been pushing the two groups to resume talks over a modified contract.
For the second half of last year, UGL Ltd (ASX:UGL) reported a profit of $64.8 million.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$7.26 |
Change
0.130(1.82%) |
Mkt cap ! $4.875B | |||
| Open | High | Low | Value | Volume |
| $7.18 | $7.31 | $7.16 | $49.98M | 6.903M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3037 | $7.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.30 | 33699 | 4 |
View Market Depth
| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| DOW (ASX) Chart |