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Stock Market & Financial Investment News

News Breaks
January 15, 2014
07:32 EDTFWLTFoster Wheeler receives contract for CFB steam generator in South Korea
Foster Wheeler announced that a subsidiary of its Global Power Group has been awarded a contract by eTEC E&C for the design and supply of a circulating fluidized-bed steam generator for the Seagull Cogeneration Plant Project. The project, owned by Gungjang Energy, an affiliate of eTEC, is located in Gunsan City, South Korea. 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 bookings for 4Q13. Commercial operation of the new steam generator is scheduled for the middle of 2016.
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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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