foster wheeler ag (FWLT) Key Developments
Foster Wheeler AG Wins Contract from Petron Corporation
Sep 23 14
Foster Wheeler AG announced that has been awarded a contract by Petron Corporation to provide operator training, commissioning, and start-up assistance services for the new delayed coking unit at Petron's Bataan Refinery in the Philippines. The new delayed coking unit at the Bataan Refinery is based on Foster Wheeler's leading SYDEC(SM) delayed coking technology and includes a Foster Wheeler delayed coker heater. The company also undertook the detailed engineering and procurement services for the new coker. Foster Wheeler's scope of work is scheduled to be completed by the end of 2014.
Foster Wheeler AG Enters into Collaboration Agreement with ZeoGas LLC on US Gulf Coast Gas-to-Gasoline Plant
Sep 18 14
Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group has entered into a Collaboration Agreement with ZeoGas LLC. In the first instance, Foster Wheeler will support ZeoGas's final site selection and project planning towards the development of ZeoGas' first fuels manufacturing plant, to be located on the US Gulf Coast. The terms of the agreement were not disclosed, and the contract value for an initial release of work related to the development of a cost estimate and assistance in final site selection and due diligence will be included in the company's third-quarter 2014 bookings.
Foster Wheeler AG Enters into Technical Services Agreement with Plaxica Limited
Sep 17 14
Foster Wheeler AG announced that a UK subsidiary of its Global Engineering and Construction Group has been selected as a preferred engineering partner by Plaxica Limited. Foster Wheeler has signed a technical services agreement with Plaxica under which Foster Wheeler will provide engineering services for the global implementation of Plaxica's low-cost lactic acid technology. A booking was made in the company's second-quarter 2014 bookings against a work order issued by Plaxica for the provision of process package engineering services. Subsequent bookings will be made against work orders released by Plaxica.
Foster Wheeler AG Receives Engineering, Procurement, Construction Contract from Sasol Petroleum in Mozambique
Sep 16 14
Foster Wheeler AG announced subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management services contract by Sasol Petroleum Temane Limitada in Mozambique. The contract is for an electrical expansion and fuel gas super heater project at Sasol's Temane gas processing facility in Mozambique.
Foster Wheeler AG Receives Contract for Heat Recovery Steam Generators in Saudi Arabia
Sep 9 14
Foster Wheeler AG announced that a subsidiary of its Global Power Group has been awarded a contract by Al-Toukhi Company for the design and supply of four heat recovery steam generators (HRSGs). The units will be installed at Saudi Electricity Company's (SEC) Hail Power Plant in the central region of the Kingdom of Saudi Arabia. Foster Wheeler has received a full notice to proceed on this contract. The contract value will be included in the company's third-quarter 2014 bookings. Foster Wheeler will design and supply the vertical design HRSGs and provide advisory services for erection and start-up of the units. The Hail 2 project includes the conversion to combined cycle of four existing Siemens SGT-2000 combustion turbines, firing Arabian light oil, by adding one steam turbine and four HRSGs. With this conversion the power output of the plant will be increased by 147 MW, without increasing the fuel consumption.