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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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August 27, 2014
06:25 EDTSTOStatoil says it has over 100 projects in planning or execution, WSJ reports
Statoil says it has over 100 projects in planning or in progress, and is planning to maintain its current oil and gas production in coming years with the record activity, the Wall Street Journal reports. Reference Link
August 25, 2014
06:24 EDTSTOStatoil sees some delays in Russian energy projects from sanctions, WSJ reports
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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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