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Stock Market & Financial Investment News

News Breaks
July 2, 2014
10:34 EDTKBRAnalyst believes KBR sale possible, The Deal reports
D.A. Davidson analyst John Rogers said an outright sale of KBR is "not farfetched," saying a larger player such as SNC-Lavalin Group might step in to buy the whole company, though also noting that KBR will will focus first on divesting non-core or underperforming assets, reported The Deal. Reference Link
News For KBR From The Last 14 Days
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November 24, 2015
06:57 EDTKBRKBR awarded contract by G2 LNG
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November 16, 2015
06:52 EDTKBRKBR signs engineering, procurement & construction contract for Magnolia project
KBR announced the signing of a major engineering, procurement and construction contract by Magnolia LNG for a liquefied natural gas facility at the Port of Lake Charles, Louisiana, USA. KBR will lead the KSJV joint venture with SK Engineering & Construction for execution of the project. The EPC contract covers the detailed engineering, procurement and construction of four LNG production trains each with design capacity of 2 million tonnes per annum, two 160,000 m3 full containment LNG storage tanks, LNG marine and ship loading facilities, and supporting infrastructure. The project will rely on innovative technology involving ammonia pre-cooling for the core liquefaction process, Optimized Single Mixed Refrigerant, developed by MLNG's parent company, LNG Limited, to achieve a lower cost, more efficient and more environmentally friendly plant. KSJV engineering and procurement services will commence immediately and subject to final regulatory approval, construction mobilization on the project is expected to begin the first quarter of 2016. Work on detailed design and early construction planning will proceed immediately under a Limited Notice to Proceed with final release expected in 2016.

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