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Stock Market & Financial Investment News

News Breaks
May 22, 2014
08:18 EDTKBRKBR awarded PMC contract for Russian refinery
KBR announced it has been awarded a contract for project management consultancy, or PMC, services for the construction of the advanced oil processing complex which is the part of the major renovation program of the largest operating refinery in Russia owned by JSC Gazprom Neft. The refinery is located in Omsk, Western Siberia, Russia. Expected revenue from the contract will be included in Q2 backlog of unfilled orders for the Hydrocarbons 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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