Vulcan Energy gets $106 million funding from German ministry
Shares of Vulcan Energy surged as much as 16.8% to a more than 18-month high on Tuesday.
Houston, Texas – 08 July 2014: AVEVA today announced that KBR, a global engineering, construction and services company, has substantially extended its utilization of AVEVA technology, which includes the selection of AVEVA Everything3D (AVEVA E3D). The new contract enables KBR to deploy AVEVA E3D along with an increased number of AVEVA solutions on major capital projects around the world.
“We have a long standing relationship with AVEVA and we expect that AVEVA E3D will give us additional capabilities and flexibility to meet the needs of our customers,” said Farhan Mujib, Executive Vice President, KBR Operations. “AVEVA E3D is also fully interoperable with our current AVEVA PDMS environment, allowing us to quickly deploy the software on new or existing projects. We’re excited about the new integrated functionality solution, which will be a game changer for our project users.”
KBR has been an AVEVA customer for more than 25 years and has contributed to the product strategy and roadmap development, including the unique capabilities of AVEVA E3D. It combines the latest 3D graphics and user interface technologies with state-of-the-art data management to deliver the most comprehensive, productive and tightly integrated 3D plant design solution available.
“We have a successful history with KBR and we are proud to see their commitment extending to AVEVA E3D as part of a larger Integrated Engineering & Design strategy. KBR has a reputation for executing some of the world’s most challenging projects and the selection of AVEVA E3D is very rewarding for our entire team,” said Dave Wheeldon, CTO from AVEVA. “Rapidly implementing new technology and controlling project risk are fundamental challenges for all our customers. It’s great to see how AVEVA E3D can be used by companies like KBR to optimize their engineering and design processes. KBR is a true industry leader and we look forward to contributing to the success of their business for many years to come.”
About KBR
KBR is a global engineering, construction and services company supporting the energy, hydrocarbons, power, industrial, civil infrastructure, minerals, government services and commercial markets. For more information, visit www.kbr.com.
About AVEVA
AVEVA is a leader in engineering design and information management solutions for the plant, power and marine industries. For more than 45 years it has delivered business critical software solutions to owner operators, engineering contractors and shipbuilders around the world. For further information please visit www.aveva.com/ednotes.
