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Stock Market & Financial Investment News

News Breaks
February 21, 2013
05:50 EDTFWLTFoster Wheeler awarded study contract by ETI to assess poser systems in UK
Foster Wheeler announced that its Global Engineering and Construction Group has been awarded a study contract by the Energy Technologies Institute, or ETI. The five-month-long study will assess the economics of flexible power generation systems which involve the production of hydrogen from coal, biomass or natural gas, the intermediate storage of hydrogen and the production of power in flexible turbines. Foster Wheeler will execute the study in collaboration with the British Geological Survey. The value of Foster Wheeler's contract was not disclosed and will be included in the company's Q1 bookings.
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April 23, 2014
07:35 EDTFWLTFoster Wheeler awarded contract for AngloGold mine
Foster Wheeler AG (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract for basic engineering for the Squaw Gulch ADR2 project, a new adsorption, desorption and recovery facility at AngloGold Ashanti’s (AU) Cripple Creek and Victor Gold Mining Company’s site in Teller, Colorado, U.S. Foster Wheeler's contract value was not disclosed and will be included in the company's first-quarter 2014 bookings. Foster Wheeler’s scope of work is scheduled for completion in the third quarter of 2014.
April 14, 2014
07:32 EDTFWLTFoster Wheeler awarded contract for incinerator in Vietnam
Foster Wheeler announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract for the design and supply of a carbon monoxide incinerator package for a residue fluidized catalytic cracker. The contract was awarded by JGC, which is acting on behalf of the engineering, procurement and construction consortium for the $9B Nghi Son Refinery and Petrochemical complex to be constructed in the Nghi Son Economic Zone, Thanh Hoa Province, Socialist Republic of Vietnam. The Foster Wheeler contract value was not disclosed and will be included in the company’s 1Q14 bookings. Foster Wheeler will design the incinerator in accordance with the CO emissions requirements of the new complex. The CO incinerator is expected to be shipped free on board as one single module during 2Q15.

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