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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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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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