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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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May 22, 2015
10:21 EDTXOMExxon Mobil says media reports on Iran sanctions lobbying inaccurate
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May 20, 2015
13:15 EDTXOMExxon Mobil announces significant oil discovery offshore Guyana
Exxon Mobil announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana. The well was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana Ltd., and encountered more than 295 feet of high-quality oil-bearing sandstone reservoirs. It was safely drilled to 17,825 feet in 5,719 feet of water. Stabroek Block is 6.6M acres. The well was spud on March 5. The well data will be analyzed in the coming months to better determine the full resource potential. Esso Exploration and Production Guyana Ltd. holds 45% interest. Hess Guyana Exploration Limited holds 30% interest and CNOOC Nexen Petroleum Guyana Limited holds 25% interest.
May 19, 2015
07:45 EDTJECJacobs Engineering receives contract from Bristol-Myers
Jacobs Engineering (JEC) received a contract from Bristol-Myers Squibb Company (BMY) to provide construction management services for a new large-scale biologics manufacturing facility in Cruiserath, County Dublin, Ireland. Jacobs is also providing architectural and engineering services for the facility, which is being built to produce multiple therapies for the company’s robust and growing portfolio of approved and investigational biologic medicines, and to increase Bristol-Myers Squibb’s biologics manufacturing capacity. The new facility is expected to include multiple large scale bioreactors, a purification area, as well as office and laboratory space. Bristol-Myers Squibb’s Board of Directors has approved initial funding that will support the first phase of the project, with the full cost of the facility expected to be finalized in the second half of 2015. The facility is estimated to be operational in 2019.
May 15, 2015
06:44 EDTXOMEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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May 12, 2015
07:46 EDTJECJacobs Engineering providing EPCM services for Sadara Chemical Company
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07:46 EDTJECJacobs Engineering awarded contract from EDF Energy for nuclear power stations
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May 11, 2015
13:28 EDTXOMOPEC sees oil at around $76 a barrel in 2025, WSJ says
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10:01 EDTXOMExxon Mobil announces Cold Lake project expansion begins production on schedule
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