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Stock Market & Financial Investment News

News Breaks
June 19, 2014
08:05 EDTXOM, JECExxon Mobil Chemical begins multi-billion dollar expansion project
ExxonMobil (XOM) Chemical announced that it has started construction of a multi-billion dollar ethane cracker at its Baytown, Texas, complex and associated premium product facilities in nearby Mont Belvieu. The project will employ about 10k construction workers, create 4k related jobs in nearby Houston communities and add 350 permanent positions at the Baytown complex. It is expected to increase regional economic activity by roughly $870M per year and generate more than $90M per year in additional tax revenues for local communities. Contracts have been awarded for construction, which will begin immediately. Contracts have been awarded to Linde Engineering North America, and Bechtel Oil, Gas and Chemicals to build olefins recovery units at the ExxonMobil Baytown Olefins Plant. Mitsui Engineering & Shipbuilding and Huertey Petrochem will construct the new olefins furnaces. At the Mont Belvieu Plastics Plant, Mitsubishi Heavy Industries will construct two 650k tons-per-year high-performance polyethylene lines. Jacobs Engineering (JEC) will oversee enabling works and interconnections at both locations. Dashiell and Wood Group Mustang will provide specialty contracting services
News For XOM;JEC From The Last 14 Days
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October 23, 2014
08:54 EDTJECEngineering & construction stocks undervalued, says Sterne Agee
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October 22, 2014
07:34 EDTXOMFoster Wheeler unit awarded EPC contract for Exxon Mobil Antwerp refinery
Foster Wheeler (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement, and constructioncontract by ExxonMobil (XOM) Petroleum & Chemical BVBA for the Antwerp Northwest Europe Resid Upgrade Project, Revamp and Offsites facilities at the Esso Antwerp Refinery at Antwerp, Belgium. Foster Wheeler's contract value was not disclosed. A small initial release of work was included in the company’s Q1 bookings. The full release of work was included in the company's Q2 bookings. Foster Wheeler’s scope of work is expected to be completed in December 2016.
October 21, 2014
07:47 EDTJECJacobs Engineering awarded Remediation task order
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07:47 EDTJECJacobs awarded two-year framework agreement from MODON
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October 16, 2014
13:54 EDTXOMGulf states to oppose OPEC oil production ceiling cut, WSJ says
Despite the recent turmoil in the oil market, Gulf nations including Saudi Arabia, Kuwait and the United Arab Emirates are seen as opposing OPEC oil-production ceiling cuts at next month's meeting, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
October 15, 2014
07:44 EDTXOMExxon, Shell behind rivals in lowering greenhouse gas emissions, WSJ reports
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October 14, 2014
09:04 EDTXOMStatoil, Exxon Mobil announce additional discovery offshore Tanzania
Statoil (STO) and co-venturer Exxon Mobil (XOM) announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.2 trillion cubic feet of natural gas in place in the Giligiliani-1 well brings the total of in-place volumes up to approximately 21 tcf in block 2. The Giligiliani-1 discovery is the venture’s seventh discovery in block 2. Statoil operates the licence on block 2 on behalf of Tanzania Petroleum Development Corporation and has a 65% working interest. ExxonMobil Exploration and Production Tanzania Limited holds the remaining 35%.
07:46 EDTJECJacobs on team to deliver Ravenhall Prison project in Melbourne, Australia
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07:46 EDTJECJacobs awarded contract from Los Angeles County Department of Public Works
Jacobs announced that it has received an award from the Los Angeles County Department of Public Works to provide project management/construction management and project controls support services for the design, renovation and construction of multiple facilities at the Rancho Los Amigos National Rehabilitation Center in Downey, California. The overall program budget is up to $400M.The project includes the renovation and rehabilitation of an historic building, a new patient tower addition, two medical office buildings, demolition of multiple structures, and landscape/hardscape of over half of the site. Additionally, it includes design management and coordination with involved jurisdictions including the Office of Statewide Health Planning and Development and the State Historic Preservation Office. The project is expected to be delivered using both job order contracting for make-ready work and design-build for the major building portions.
October 13, 2014
07:15 EDTXOMNational Association of Corporate Directors to hold a conference
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06:36 EDTXOMSaudi Arabia content to let oil prices stay low, Reuters reports
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October 12, 2014
13:53 EDTXOMKuwaiti Minister says OPEC unlikely to cut production, WSJ says
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13:45 EDTXOMSaudis take aggressive oil measures in Europe, WSJ says
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October 10, 2014
18:17 EDTXOMExxon Mobil to receive less than $1B from Venezuelan government, Reuters says
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