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Stock Market & Financial Investment News

News Breaks
December 26, 2012
16:19 EDTKBRKBR, AYTB awarded long-term contract for SATORP refinery, valued at $140M-$170M
KBR and AYTB announced that they have signed a seven-year contract to provide refinery maintenance services for the Saudi Aramco Total Refining and Petrochemical Company, or SATORP, at a new 400,000 bpd refinery in Jubail, Saudi Arabia. The refinery represents both a major investment by SATORP, and - as a single construction effort - a unique technical challenge due to its world-class scale and complexity. The contract value is in the approximate range between $140M-$170M, depending on services. Production is expected to commence in 2013. KBR, through a joint venture with Jubail-based AYTB, will deliver full-service maintenance services at the SATORP refinery. Deliverables under the contract include overall site management and field supervision of a craft workforce covering all mechanical, electrical and instrumentation disciplines. KBR and AYTB will also provide detailed planning and scheduling services, execution of preventive and predictive maintenance programs, management of subcontractor activities and procurement of tools and equipment. Additional services include the development, in partnership with SATORP, of reliability and cost optimization programs.
News For KBR From The Last 14 Days
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January 30, 2015
08:09 EDTKBRKBR selected as global upstream partner for BG Group
KBR (KBR) announced that it has been selected by BG Group (BRGYY) as their Global Upstream Alliance Partner. The six-year contract, includes an option for two two-year extensions, and will provide capability support, services and project management services across all of BG Group's Global Upstream Portfolio. The single partner alliance will focus on BG Group's global portfolio of projects, enhancing BG Group's capacity to deliver major upstream oil and gas projects around the world. This integrated approach will capitalize on KBR's high caliber of people, knowledge and expertise and will be central to BG Group's overall delivery. KBR is a pioneer in project alliances and has delivered many successful projects in the North Sea using the alliancing model.
January 27, 2015
10:24 EDTKBRDeutsche Bank warns E&C companies could be hit hard by low oil
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10:00 EDTKBROn the Fly: Analyst Downgrade Summary
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06:49 EDTKBRKBR downgraded to Hold from Buy at Deutsche Bank
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January 22, 2015
10:03 EDTKBROn the Fly: Analyst Initiation Summary
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07:42 EDTKBRKBR initiated with an Underperform at BofA/Merrill
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January 20, 2015
10:17 EDTKBRHalliburton, KBR appeals won't be heard by Supreme Court, Reuters reports
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