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Stock Market & Financial Investment News

News Breaks
December 20, 2012
15:40 EDTICAEmpresas ICA receives $342M for delivery of second La Yesca turbine
Empresas ICA announced the delivery of the second turbine of the hydroelectric project La Yesca Ing. Alfredo Elías Ayub and receipt of the second payment that corresponds to fulfilling the second unit Provisional Acceptance, in accordance with the contract with the Federal Electricity Commission. As a result, ICA received the second scheduled payment of $342M. The aggregate amount received to date is $1.042B and was applied to pay project debt.
News For ICA From The Last 14 Days
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October 31, 2014
05:19 EDTICAICA Fluor awarded $264M contract for Shell heavy oil project in Canada
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October 30, 2014
19:02 EDTICAICA Fluor awarded $264M heavy oil extraction contract
Fluor Corporation (FLR) announced that ICA Fluor, its industrial engineering, fabrication and construction joint venture with Empresas ICA (ICA), signed a contract with Shell Canada Energy to supply modular fabrication and procurement services for 13 well pads for heavy oil extraction at Shell’s Carmon Creek project currently under construction in northern Alberta. The project is expected to produce about 80,000 barrels per day of heavy oil from Shell’s Peace River Operations using steam recovery methods. The initial contract awarded to ICA Fluor is worth $264M, and Fluor will book its $132M share in Q4. Completion is scheduled for December 2017.

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