TORONTO, Feb. 27, 2020 (GLOBE NEWSWIRE) — The Shawcor Ltd. (TSX: SCL) Board of Directors today declared a dividend of fifteen cents (15.00 cents) per share on the outstanding common shares of the Corporation payable on the 31st day of March 2020, to shareholders of record at the close of business on the 16th day of March 2020.

For Canadian resident shareholders, these dividends are designated as “eligible dividends” for purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation.

For further information, please contact:

Paul Pierroz… Continue Reading

TORONTO, Feb. 24, 2020 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) is announcing today that its pipe coating division has entered into a contract with Subsea 7 to provide thermal insulation coating services for the Woodside Sangomar Offshore Project in Senegal.  The value of the award is in the range of CAD$30-$50 million.  The work is scheduled to be executed from Shawcor’s Orkanger, Norway facility commencing in the first quarter of 2021 and completing in the second quarter of 2021.

Further to its announcement in January of a letter of intent for the Baltic Pipe Project valued at approximately CAD$67 … Continue Reading

TORONTO, Feb. 14, 2020 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) announced today that it expects to report its financial results for the period ended December 31st, 2019 on Thursday, February 27, 2020, after the close of trading on the TSX.

A conference call/webcast to discuss these results will be held on Friday, February 28th, 2020 at 9:00am ET.

Please visit the Shawcor Investor Centre website at shawcor.com or use the following link http://investors.shawcor.com/event for further details.

Paul Pierroz
Senior Vice President, Corporate and Investor Relations
Telephone: 416.744.5540
Email: paul.pierroz@shawcor.com
shawcor.com

… Continue Reading

TORONTO, Jan. 21, 2020 (GLOBE NEWSWIRE) — Shawcor Ltd. announced that its pipe coating division has entered into a detailed letter of intent with Europipe valued at approximately C$67 million to provide concrete weight coating services for the Baltic Pipe project, which will transport Norwegian gas to Poland. The definitive contract is expected to be signed by the end of January and is scheduled to be executed from Shawcor’s Leith, Scotland facility commencing in the second quarter of 2020 and continuing to the second quarter of 2021.

Shawcor Ltd. is a global energy services company specializing in products and services … Continue Reading

TORONTO, Nov. 14, 2019 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) today announced that its pipe coating division has entered into a detailed letter of intent with Saipem for the proposed Payara development project located in the Stabroek block offshore Guyana. The coating value of this phase is estimated to be similar to the individual phases of the Liza development that have already been awarded. As previously announced the combined coating value of Liza phase 1 and phase 2 was approximated at C$110 million.

Subject to government approvals, project sanction by ExxonMobil subsidiary Esso Exploration and Production Guyana Limited and … Continue Reading

TORONTO, Nov. 12, 2019 (GLOBE NEWSWIRE) — The Shawcor Ltd. (TSX: SCL) Board of Directors today declared a dividend of fifteen cents (15.00 cents) per share on the outstanding common shares of the Corporation payable on the 6th day of December 2019, to shareholders of record at the close of business on the 22nd day of November 2019.

For Canadian resident shareholders, these dividends are designated as “eligible dividends” for purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation.

For further information, please contact:

Gaston Tano… Continue Reading

TORONTO, Oct. 10, 2019 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) announced today that it expects to report its financial results for the period ended September 30th, 2019 on Tuesday, November 12th, 2019 after the close of trading on the TSX.

A conference call/webcast to discuss these results will be held on Wednesday, November 13th at 9:00am ET.

Please visit the Shawcor Investor Centre website at shawcor.com or use the following link http://investors.shawcor.com/calendar.aspx?iid=4313817 for further details.

Gaston Tano
Senior Vice President, Finance and CFO
Telephone: 416.744.5539
Email: gaston.tano@shawcor.com
shawcor.com

… Continue Reading

TORONTO, Oct. 07, 2019 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) today announced that its pipe coating division has entered into contracts with Subsea 7 to provide coating services for two offshore pipeline projects, the Johan Sverdrup Phase 2 project offshore Norway and a subsea tieback project offshore Australia.

These projects will be executed at Shawcor’s Norwegian and Asia Pacific coating facilities during 2020. Coating works under these contracts are valued in the range of CAD $30-$50 million.

Shawcor Ltd. is a global energy services company specializing in products and services for the pipeline and pipe services segment of the … Continue Reading

TORONTO, Aug. 08, 2019 (GLOBE NEWSWIRE) — The Shawcor Ltd. (TSX: SCL) Board of Directors today declared a dividend of fifteen cents (15.00 cents) per share on the outstanding common shares of the Corporation payable on the 30th day of August 2019, to shareholders of record at the close of business on the 20th day of August 2019.

For Canadian resident shareholders, these dividends are designated as “eligible dividends” for purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation.

For further information, please contact:

Gaston Tano… Continue Reading