MARKETS

Taxpayer cash for Northern Endeavour price catalyst: broker

EUROZ Hartleys has reiterated GR Engineering should be on the ‘buy’ list in part thanks to a government contract to look after the shuttered Northern Endeavour FPSO worth $130 million for the calendar year.

Helen Clark

Credit: Upstream Production Solutions

GR Engineering's oil and gas arm Upstream Production Solutions won its first government contract for the vessel, now in lighthouse mode, early last year after operating it for Northern Oil and Gas Australia...

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