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Stock Market & Financial Investment News

News Breaks
May 28, 2014
08:57 EDTKBRKBR wins Maersk Oil FEED contract for Culzean Field development topsides
KBR has announced that it has been awarded a contract by Maersk Oil for topsides front end engineering and design, or FEED, for the Culzean Project. Maersk Oil UK and its co-venturers JX Nippon Exploration and Production Limited and Britoil have chosen a new standalone facility to develop the Culzean discovery. 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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