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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.
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October 31, 2014
08:16 EDTKBRKBR awarded $50M NAVFAC job order construction contract
KBR announced that it has been awarded an indefinite-delivery/indefinite quantity job order construction contract by the Naval Facilities Engineering Command Europe Africa Southwest Asia for the largest U.S. base in Africa. This contract award is the second recent contract awarded to KBR by NAVFAC to support military operations at Camp Lemonnier in Djibouti, Africa. KBR is currently performing operations and maintenance services under the Base Operations Support Services contract. Under the terms of the contract, KBR will perform renovations, repairs, maintenance, replacement, alterations, demolition and small/midcap construction for Department of Defense activities in Djibouti, Africa. The value of the contract awarded to KBR is valued up to $50M over five years.
October 30, 2014
08:16 EDTKBRKBR awarded FEED contract for Tangguh LNG Project expansion
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October 23, 2014
09:15 EDTKBRKBR awarded Statoil global MSA
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