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Stock Market & Financial Investment News

News Breaks
May 28, 2014
07:31 EDTFWLTFoster Wheeler unit awarded contract by Marubeni, value not disclosed
Foster Wheeler that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Marubeni for the engineering and material supply of a new Terrace Wall steam reformer heater, including an air preheating system, for the KazMunayGaz oil refinery located at Atyrau, Republic of Kazakhstan. The value of Foster Wheeler’s contract was not disclosed and was included in the company’s Q1 bookings. The steam reformer will be part of a hydrogen production unit with a capacity of 24K normal cubic meters per hour to be built at the refinery. The hydrogen plant is based on Foster Wheeler’s hydrogen technology. Foster Wheeler’s scope of work is scheduled to be completed in April 2015.
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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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