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ClearStream announces new project award and contract renewals

Published by , Editorial Assistant
Hydrocarbon Engineering,

ClearStream Energy Services Inc. has announced four significant contract renewals and new work for 4Q18.

Four of ClearStream’s contracts with upstream, midstream and downstream oil and gas companies in Canada were up for renewal and all four were renewed, representing a 100% contract renewal rate for the third year in a row.

Those renewals, together with a new project award from a midstream oil and gas company, are estimated to generate a total of US$120 million in new backlog.

ClearStream and its subsidiaries will be executing mechanical work, turnarounds and maintenance, fabrication and onsite construction services for the above-referenced companies.

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Downstream news Downstream contract news Downstream contract news