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March 25, 2014
07:36 EDTFWLT, OMVKYFoster Wheeler signs alliance with OMV
Foster Wheeler (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has signed an alliance agreement with OMV (OMVKY) to provide integrated project management and engineering, procurement and construction management services. Under this five-year agreement, Foster Wheeler will provide services on privileged basis for the OMV refineries located in Burghausen and Schwechat. The services to be supplied by Foster Wheeler, through specific work orders, include front-end loading for projects of any size as well as engineering, procurement and construction management services for projects up to a specified threshold limit with respect to Total Installed Cost. Bookings will be made as specific work orders are released by OMV.
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August 28, 2014
07:32 EDTOMVKYOMV AG initiated with a Hold at Jefferies
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August 20, 2014
07:31 EDTFWLTFoster Wheeler awarded contract for heat recovery steam generator in Mexico
Foster Wheeler AG announced that a subsidiary of its Global Power Group has been awarded a contract by Iberdrola, for the design and supply of a heat recovery steam generator. The unit will be installed at a cogeneration plant that Iberdrola is building at the Kimberly Clark de Mexico Ramos Arizpe Facility in Coahuila, Mexico. Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed, and the contract value will be included in the company’s third-quarter 2014 bookings. Foster Wheeler will design and supply the HRSG and provide advisory services for erection and start-up of the unit, which will incorporate a dual pressure level design with the capability to produce steam with or without combustion turbine operation. The HRSG will be coupled to a GE LM6000PH combustion gas turbine. Commercial operation of the HRSG is scheduled to begin during the first quarter of 2016.

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