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Stock Market & Financial Investment News

News Breaks
April 7, 2014
07:31 EDTFWLTFoster Wheeler receives contract for two pulverized coal steam generators
Foster Wheeler AG announced that a subsidiary of its Global Power Group has been awarded a contract by Marubeni Corporation for the design and supply of two pulverized coal arch fired steam generators to be installed at the Thai Binh Thermal Power Station for Vietnam Electricity. The project is located in Thai Binh Province in Vietnam. 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 the first-quarter of 2014. Commercial operation of unit 1 is scheduled for October 2017 and unit 2 is scheduled for April 2018. Foster Wheeler will design and supply two 300 MWe steam generators and auxiliary equipment for the boiler islands. The boilers will be designed to burn local Vietnamese anthracite coal while meeting applicable environmental requirements.
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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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