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Stock Market & Financial Investment News

News Breaks
February 17, 2014
10:03 EDTSTO, FWLTFoster Wheeler awarded study for Statoil Snøhvit improvement project
Foster Wheeler (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Statoil Petroleum (STO) to perform a study for the Snøhvit Improvement Project 2 at Melkøya, 450 kilometers north of the Arctic Circle in Norway. The Foster Wheeler contract value was not disclosed and will be included in the company’s fourth-quarter 2013 bookings.
News For FWLT;STO From The Last 14 Days
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August 27, 2015
07:57 EDTSTOPlatts to hold a conference
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August 18, 2015
08:12 EDTSTOGlobal Big Oil sector upgraded at Citi
Citi analysts Alastair Syme and Michael Alsford upgraded their rating on the Global Big Oil space and now recommend investors position "at least a benchmark-weight" in the group. The analysts, who had been multi-year cautious on the space, prefer Total (TOT), ConocoPhillips (COP) and Statoil (STO), which they call "self-helpers." The sector price-to-book ratio of 1.2 times is now below the Q1 of 2009 and Q4 of 1998 troughs, Syme and Alsford write. Cost-cutting and better capital allocation are key to restoring the industry's profitability, they believe.

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