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Stock Market & Financial Investment News

News Breaks
February 17, 2014
10:03 EDTFWLT, STOFoster 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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October 29, 2014
05:25 EDTSTOStatoil reports Q3 adjusted earnings NOK 30.9B vs. NOK 40.4B last year
Statoil's Q3 net operating income was NOK 17B, a decrease from NOK 39.3B in 3Q13. Net income was (NOK 4.8B) mainly due to impairments. Adjusted earnings were NOK 30.9B, a decrease from NOK 40.4B in 3Q13. Eldar Sætre, Statoil's acting president and CEO, stated, "Statoil's quarterly earnings were negatively impacted by lower oil and gas prices and our decision to defer gas sales to enhance value. Our negative net income in accordance with IFRS relates to quarter-specific items. We delivered strong operational performance and cash generation in the quarter." The serious incident frequency was 0.8 in Q3, unchanged from the 3Q13.
05:03 EDTSTOChevron sanctions Stampede project in deepwater U.S. Gulf of Mexico
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October 28, 2014
08:11 EDTSTOGlori Energy extends technology partnership with Statoil
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October 24, 2014
06:22 EDTSTOStatoil secures new Australian exploration permit
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October 23, 2014
09:15 EDTSTOKBR awarded Statoil global MSA
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October 22, 2014
07:34 EDTFWLTFoster Wheeler unit awarded EPC contract for Exxon Mobil Antwerp refinery
Foster Wheeler (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement, and constructioncontract by ExxonMobil (XOM) Petroleum & Chemical BVBA for the Antwerp Northwest Europe Resid Upgrade Project, Revamp and Offsites facilities at the Esso Antwerp Refinery at Antwerp, Belgium. Foster Wheeler's contract value was not disclosed. A small initial release of work was included in the company’s Q1 bookings. The full release of work was included in the company's Q2 bookings. Foster Wheeler’s scope of work is expected to be completed in December 2016.

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