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Stock Market & Financial Investment News

News Breaks
March 18, 2014
07:47 EDTJEC, COPJacobs Engineering receives project services contract from ConocoPhillips
Jacobs Engineering Group (JEC) announced that it received a contract from ConocoPhillips (COP) to provide engineering, procurement and construction services for projects across the lower 48 states of the U.S. Company officials did not disclose the contract value, but noted that it is a three year program with options to extend it for an additional four years. Jacobsí scope of work under the terms of the contract includes front end studies and engineering, procurement and construction management services for a range of ConocoPhillips projects.
News For JEC;COP From The Last 14 Days
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July 1, 2015
18:20 EDTCOPShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link
June 30, 2015
08:02 EDTJECJacobs Engineering in Joint Venture for Melbourne metro rail project contract
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June 24, 2015
11:12 EDTCOPConocoPhillips management to meet with Jefferies
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07:19 EDTCOPU.K. panel to decide on first fracking in area since 2011, WSJ reports
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June 23, 2015
07:48 EDTJECJacobs renews Project Representative role for Crossrail
Jacobs Engineering announced it was reappointed as Project Representative for the $22B, or GBP14.8B, Crossrail program by the U.K.'s Department for Transport and Transport for London. Company officials did not disclose the contract value, but noted that the contract is renewed for a term of up to five years. Under the terms of the contract, as Crossrail Project Representative, Jacobs is providing assurance to the project sponsors that Crossrail Ltd and its delivery partners deliver the project on schedule, within budget and to the agreed specification. This work involves a review of the program fundamentals: scope, strategy, risk, schedule, quality, cost and safety. It also considers the changing nature of Crossrail as it transitions from civil engineering to systems implementation and operations testing and commissioning.
07:46 EDTJECJacobs Engineering unit awarded contract by DECC
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