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Stock Market & Financial Investment News

News Breaks
April 29, 2014
07:35 EDTFWLTFoster Wheeler awarded EPC contracts by Pemex
Foster Wheeler AG announced that subsidiaries of its Global Engineering and Construction Group, together with a joint venture partner for the project, Altair Strickland LLC, have been awarded contracts by Pemex Refinación for the engineering, design, procurement, construction, commissioning, and start-up of slide valve systems on the Foster Wheeler delayed coker units at two refineries in Mexico: the Hector R. Lara Sosa Refinery located in Cadereyta, Nueva Leon, and the Francisco I. Madero refinery in Ciudad Madero, Tamaulipas. Both projects are scheduled to be completed during refinery turnarounds in 2015. The Foster Wheeler contract values were not disclosed and were included in the company’s 4Q13 bookings.
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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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