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Stock Market & Financial Investment News

News Breaks
March 10, 2014
08:56 EDTKBRKBR awarded general construction contract for oil sands facility in Alberta
KBR announced that it has been awarded a three-year general construction contract by a major steam-assisted gravity drainage operator at an oil sands facility near Fort McMurray, Alberta, Canada. The contract award is for plant modifications, including turnaround, maintenance and sustaining capital projects, to increase capacity and enhance safety, reliability and efficiency. Expected revenue from the contract was included in the 4Q13 backlog of unfilled orders for the Services segment. The contract value was not disclosed.
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August 21, 2014
08:10 EDTKBRKBR awarded EPC contract for new HDPE facility in La Porte, Texas
KBR announced it has been awarded a contract from Gemini HDPE, a manufacturing joint venture between INEOS Olefins & Polymers USA and Sasol, to provide engineering, procurement, and construction, or EPC, services for a new high-density polyethylene, or HDPE, facility to be located at INEOS's Battleground Manufacturing Complex in La Porte, Texas. The new facility is designed to produce 470 kilotons per annum of bimodal HDPE using Innovene S process technology licensed from INEOS Technologies. The new, single-train facility will include new polymerization, pelletization, and railcar load-out facilities, plus upgrades to existing utilities and infrastructure.

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