Heavy Construction
(FWLT) Foster Wheeler AG Expands Gas Storage
Foster Wheeler Upstream, a division of Foster Wheeler AG’s (FWLT) Global Engineering and Construction Group, will be providing its project management support to the 35 billion-cubic-foot Ryckman Creek natural gas capacity storage facility. The contract has been received from...
30Nov2011 | vitalstocks | 0 comments | Continued(MDR) McDermott International – Bear of the Day
Following a second quarter earnings miss, we are downgrading McDermott International (MDR) shares to Underperform from Neutral. The company recently reported lower-than-expected EPS for the June quarter, adversely affected by a less favorable geographic mix and weak margins in...
12Sep2011 | vitalstocks | 0 comments | Continued(MDR) McDermott International Secures SURF Deal
The Australian unit of McDermott International Inc. (MDR) has won a deepwater offshore contract for the Macedon Gas Project in Western Australia. Per the terms of the deal, the company would be involved in engineering and construction of the project along with structural transportation...
11Jul2011 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG Wins Contract in Argentina
A subsidiary of Foster Wheeler AG’s (FWLT) Global Engineering and Construction Group received a contract in Argentina for delayed coker heater from YPF S.A. The company will be providing engineering, equipment supply and supervision to construction and start-up services for...
8Jul2011 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG to Upgrade Saudi Refinery
Foster Wheeler SOFCON, an unincorporated consortium between a subsidiary of Foster Wheeler AG’s (FWLT) Engineering and Construction Group and A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co., (SOFCON) received a front-end engineering design (FEED) contract...
6Jul2011 | vitalstocks | 0 comments | Continued(FLR) Fluor Corporation Provides Australian EPCM Contract
Fluor Corporation (FLR) is all set to provide its engineering, procurement and construction management (EPCM) services for Woodside Energy Limited’s operating gas assets in Australia. In the final agreement, the initial contract term for Fluor is three years and has an option...
30Jun2011 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler Wins Contract
Foster Wheeler AG’s (FWLT) subsidiary Global Engineering and Construction Group won a contract from Sasol to execute the technical part of a viability study for a planned gas-to-liquids facility in Canada. The study is being carried out by a partnership of Sasol and Talisman...
29Jun2011 | vitalstocks | 0 comments | Continued(FLR) Fluor Earns Design Contract From Dow for Propane Project
Fluor Corporation (FLR) received a basic engineering and design services contract from The Dow Chemical Company. The services are for Dow’s propane dehydrogenation (PDH) expansion project in Freeport, Texas. The value of the contract has not been disclosed but included in the...
26Jun2011 | vitalstocks | 0 comments | Continued(FLR) Fluor Wins Dow Contract
Fluor Corporation (FLR) has won a contract from The Dow Chemical Company (DOW) for providing basic engineering and design services on its propane dehydrogenation (‘PDH’) expansion project in Freeport, Texas. The contract value is yet to be disclosed and is expected to be...
26Jun2011 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG First Quarter 2011 Earnings Underperforms
Foster Wheeler AG (FWLT) reported first-quarter 2011 earnings per share from continuing operations of 18 cents compared with 56 cents in the prior-year quarter. The company underperformed the Zacks Consensus Estimate of 42 cents. Excluding asbestos related provision of 1 cent,...
4May2011 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG Earnings Report Misses The Street
Foster Wheeler AG (FWLT) reported third-quarter earnings from continuing operations of 40 cents, below the Zacks Consensus Estimate of 51 cents. Earnings declined sharply from continuing operations of 71 cents in the prior-year quarter. It is primarily due to market-related declines...
17Nov2010 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG Announces Contract for Gulf of Venezuela
Foster Wheeler AG (FWLT), through its Global Engineering and Construction Group, has received a pre-front-end engineering design (pre-FEED) and front-end engineering design (FEED) contract from a joint venture company of Eni Venezuela B.V and Repsol YPF Venezuela Gas, S.A. The...
17Oct2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International Earns New Contract From Vetco Gray Australia
Energy-focused engineering and construction firm McDermott International (MDR) announced that one of its units has received a subsea infrastructure contract from Vetco Gray Australia Pty Ltd. The transaction, valued in excess of $50 million, will be included in McDermott’s...
12Oct2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International – Bear of the Day
We are downgrading McDermott International (MDR) shares to Underperform from Neutral due to the tentative commodity price scenario and the company’s clouded post-split outlook. Near-term bookings remain lumpy at McDermott, as the current uncertain environment has adversely...
21Sep2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International – Bear of the Day
We are downgrading McDermott International (MDR) shares to Underperform from Neutral due to the tentative commodity price scenario and the company’s clouded post-split outlook. Near-term bookings remain lumpy at McDermott, as the current uncertain environment has adversely...
15Sep2010 | vitalstocks | 0 comments | Continued(FLR) The Global Infrastructure Boom
by Tony Daltorio, Investment U Research Thursday, July 15, 2010 This world is in desperate need of infrastructure. The Cohen & Steers 2009 Global Infrastructure Report shows that clearly enough. Over the next 25 years, the world should spend $40 trillion on such projects....
1Aug2010 | InvestmentU | 0 comments | Continued(FLR) Fluor Wins $1.3 Billion Mining Contract
Fluor Corp. (FLR) has bagged a $1.3 billion mining contract awarded by Minera Lumina Copper in Chile. Minera Lumina Copper Chile is owned by Pan Pacific Copper Co., Ltd. and Mitsui Co., Ltd. The work involves engineering design, manufacturing and commissioning of a copper mine...
1Jul2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International Beats Expectations but Sales Slump
Energy-focused engineering and construction company McDermott International (MDR) reported better-than-expected first-quarter earnings, driven by robust performance from the Offshore Oil and Gas Construction segment. Earnings per share, excluding costs related to a planned spin-off,...
18May2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International Unit Earns More Vietnam Work
J. Ray McDermott S.A. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the receipt of a transportation and installation contract from Vietnam-based PTSC Mechanical & Construction Company Ltd. The financial...
8Apr2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International Unit Wins Saudi Aramco Deal
J. Ray McDermott S.A. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the receipt of an infrastructure upgrade and electrification contract from Saudi Aramco, the state-owned national oil company of Saudi Arabia....
29Mar2010 | vitalstocks | 0 comments | Continued(LAYN) Layne Christensen – A Waiting Game?
We noticed yesterday that Layne Christensen Company, Inc. (Nasdaq: LAYN) had scheduled their fiscal 2010 earnings call for March 30, 2010. While we hate to admit it, this is a great example of just what can happen when investors fail to believe their own research. Several years...
29Mar2010 | Wax | 0 comments | Continued(MDR) McDermott International Unit Wins Vietnam Subsea Infrastructure Contract
J. Ray McDermott S.A. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the receipt of a subsea infrastructure contract from Vietnam-based PetroVietnam Technical Services Corp. The financial terms of the transaction...
18Mar2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International Subsidiary to Buy General Electric Unit
Babcock & Wilcox Power Generation Group – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the purchase of an air and emissions unit from GE Energy, a division of General Electric Co. (GE). No details were...
18Mar2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International Beats Expectations – Profit Soars
Energy-focused engineering and construction company McDermott International (MDR) reported better-than-expected fourth-quarter earnings, driven by robust performance from the Offshore Oil and Gas Construction segment. Earnings per share came in at 42 cents, 2 cents above the...
4Mar2010 | vitalstocks | 0 comments | Continued(INSU) Insituform Technologies – Earnings Estimates Pop
Insituform Technologies, Inc. (INSU) just topped forecasts which sent share price soaring. Analysts continue to revise estimates, giving the company excellent growth projections. Company Description Insituform provides infrastructure services for the water, wastewater, and energy...
4Mar2010 | vitalstocks | 0 comments | Continued(FLR) Fluor Corporation Wins Mining Order
Fluor Corporation (FLR) announced that its joint venture with Sinclair Knight Merz was awarded a contract by BHP Billiton to execute the next phase of its Rapid Growth Program. The focus of the project will be the continued expansion of BHP Billiton’s iron ore operations...
1Mar2010 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG’s Earnings Reports Misses The Street
Foster Wheeler AG (FWLT) reported a net income of $65.1 million, or 51 cents per share for the fourth quarter of 2009, compared with $99.9 million, or 75 cents in the fourth quarter of 2008. This was lower than the Zacks Consensus Estimate of 65 cents for the most recent quarter....
28Feb2010 | vitalstocks | 0 comments | Continued(FLR) Fluor Corporation Reports Earnings Below Consensus
Net earnings attributable to Fluor Corporation (FLR) for the fourth quarter of 2009 were $149 million, or 82 cents per share, compared with $190 million, or $1.03 in 2008. This was lower than the Zacks Consensus Estimate of 88 cents. The effective tax rate in the fourth quarter...
28Feb2010 | vitalstocks | 0 comments | Continued(FLR) Fluor Corporation Group Wins Wind Farm Bid
Fluor Corporation (FLR) announced that its UK division, Fluor Limited, and SSE (Scottish and Southern Energy plc), have been awarded exclusive rights by The Crown Estate to develop the Round 3 offshore wind farm zone in the Firth of Forth, off the coast of Scotland. The proposed...
11Jan2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International Unit Buys Vessel Stakes
J. Ray McDermott S.A. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the purchase of interest in two underwater oil and gas construction vessels from Norwegian offshore services company Oceanteam ASA. The...
27Dec2009 | vitalstocks | 0 comments | Continued