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Stock Market & Financial Investment News

News Breaks
February 21, 2013
07:40 EDTFWLTFoster Wheeler awarded contract for three utility package steam generators
Foster Wheeler AG announced that a subsidiary of its Global Power Group has been awarded a contract by the joint venture comprised of CH2M HILL Australia Pty Ltd. and UGL Engineering Pty Ltd. for the design and supply of three utility package steam generators located at the Ichthys Project onshore LNG facilities at Blaydin Point, near Darwin, Northern Territory, Australia. 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 first quarter 2013 bookings. Delivery of the new steam generators is scheduled for fourth quarter 2014.
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July 17, 2014
07:32 EDTFWLTFoster Wheeler-led JV awarded contract by Nafusah Oil Operations
Foster Wheeler announced that a subsidiary of its Global Engineering and Construction Group, in joint venture with Taknia Libya Engineering, has been awarded a front-end engineering design contract by Nafusah Oil Operations Libyan Branch for an onshore oilfield development, known as the Area 47 Development Project in Libya. Area 47 is located in the Hamada region, approximately 200 km south of Tripoli, in the Ghadames Basin. The Foster Wheeler contract value was not disclosed and will be included in the company’s 2Q14 bookings.

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