Heavy Construction
(ORN) UniTek Global Services Law Violation to be Probed
Law firm Glancy Binkow & Goldberg LLP is investigating potential claims on behalf of investors of UniTek Global Services, Inc. (UNTK) regarding the possible breach of federal securities laws by the company. The probe looks...27Apr2013 | vitalstocks | Comments Off | Continued
(GLDD) Great Lakes Dredge & Dock Corporation Earnings Fall Short
Great Lakes Dredge & Dock Corporation (GLDD) reported earnings per share of 1 cent in the fourth quarter of 2012, falling way short of the Zacks Consensus Estimate of 18 cents and the year-ago quarter’s earnings of 12 cents...4Apr2013 | vitalstocks | Comments Off | Continued
(FWLT) Foster Wheeler AG Wins Contract
Foster Wheeler AG (FWLT) recently announced that one of the subsidiaries of its Global Power Group received a contract from GS Engineering & Construction Corporation. Foster Wheeler will be responsible for the design and supply...23Mar2013 | vitalstocks | Comments Off | Continued
(FLR) Fluor Receives Williams Contract
Fluor Corporation (FLR) announced that it has received a contract from Williams Companies Inc. (WMB) to provide groundwork engineering services for a propane dehydrogenation...17Feb2013 | Shawn | Comments Off | Continued
(MDR) McDermott International Inks Shipyard Contract
Hydro Marine Services, Inc. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) has inked a contract with Keppel Singmarine Pte Ltd. for the construction and design of deepwater pipelay...2Jan2013 | Shawn | Comments Off | Continued
(MDR) McDermott International – Bear of the Day
Given its erratic earnings trend over the last few quarters and a disappointing outlook for 2013, we are downgrading McDermott International (MDR) shares to Underperform from Neutral. Though the energy-focused engineering and construction firm...17Dec2012 | Shawn | Comments Off | Continued
(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...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...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...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...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...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...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...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...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’)...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...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....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...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...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,...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,...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...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,...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,...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...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...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...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...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...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...4Mar2010 | vitalstocks | 0 comments | Continued