Tag Archives: Foster Wheeler

Business, Finance, Occupation & Industry

Foster Wheeler Awarded Contract for Two Shop-Assembled Steam Generators in Ireland

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Foster Wheeler Awarded Contract for Two Shop-Assembled Steam Generators in Ireland

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by Aughinish Alumina Refinery for the design and supply of two shop-assembled steam generators located at the alumina plant facility at Aughinish Island (Askeaton, Ireland). Aughinish Alumina Refinery is a part of UC RUSAL.

Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed and the contract value will be included in the company’s first quarter 2013 bookings. Delivery of the new steam generators is scheduled for early 2014.

Foster Wheeler will design and supply the package steam generators including auxiliary equipment and technical advisory services for the project, which will be designed to burn natural gas while meeting applicable environmental regulatory requirements. The two steam generators will be designed to generate a total of 300 tons per hour of reliable, high-pressure superheated steam which will be fed to the plant´s process steam system.

“These new units represent a significant replacement upgrade of the existing oil-fired boilers supplied by Foster Wheeler more than three decades ago,” said Gary Nedelka, Chief Executive Officer of Foster Wheeler‘s Global Power Group. “We are happy that Aughinish Alumina Refinery has chosen Foster Wheeler once again to supply the product they need to meet their long-term strategic needs.”

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.

Aughinish Alumina is among the most technologically advanced and energy efficient of such facilities globally. It has the capacity to produce nearly two million metric tonnes of …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Foster Wheeler Awarded SNG Studies by Pecket Energy in Chile

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Foster Wheeler Awarded SNG Studies by Pecket Energy in Chile

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) announced today that a subsidiary of our Global Engineering and Construction Group has been awarded a contract by Pecket Energy to perform feasibility, conceptual and basic engineering studies, and develop an overall investment cost estimate for a substitute natural gas (SNG) production facility which is planned to be built near Punta Arenas, Chile.

The value of the award was not disclosed and will be included in Foster Wheeler‘s first-quarter 2013 bookings.

The main objective of the project is to produce syngas that will be used as a clean feedstock for the production of SNG, which gas is intended to be distributed to the existing grid in the region of Magallanes, Chile for domestic consumption or for industrial purposes.

The new facility intends to include several state-of-the-art units, including air separation, partial oxidation for syngas production, syngas treatment, acid gas removal, methanation and solid sulfur production. Foster Wheeler‘s scope of work is expected to be completed by mid-2013.

Pecket Energy is a Chilean company focused on coal-based energy business development. Pecket Energy belongs to ICV, a Chilean company which has been active in mining and infrastructure developments in Chile for more than 50 years.

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.


Safe Harbor Statement

Foster Wheeler AG news releases may contain forward-looking …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Foster Wheeler Awarded Technical Consultancy Services Contracts by Apache Khalda for the Qasr Compre

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Foster Wheeler Awarded Technical Consultancy Services Contracts by Apache Khalda for the Qasr Compression Project in Egypt

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) announced today that subsidiaries of its Global Engineering and Construction Group have been awarded contracts by Apache Khalda Corporation LDC (Apache Khalda) for the provision of technical consultancy services to oversee the engineering, procurement and construction (EPC) phase of the Qasr Compression Project in Egypt. The Qasr Compression Project will provide additional compression to the existing facilities at the Qasr gas condensate field, in the Western Desert, approximately 525km west of Cairo.

The Foster Wheeler contract value was not disclosed and will be included in the first-quarter 2013 bookings.

Foster Wheeler will assist Apache Khalda in the management and administration of the EPC phase of the project as part of a joint project management team. The EPC phase is expected to be completed in the first- quarter 2015.

The company also provided project management consultancy services to Apache Khalda during the front-end engineering design phase.

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.


Safe Harbor Statement

Foster Wheeler AG news releases may contain forward-looking statements that are based on management’s assumptions, expectations and projections about the Company and the various industries within which the Company operates. These include statements regarding the Company’s expectations about revenues (including as expressed by its backlog), its liquidity, the outcome of litigation and legal proceedings …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Foster Wheeler to Hold Earnings Conference Call

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Foster Wheeler to Hold Earnings Conference Call

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) plans to hold a conference call on Thursday, May 2, at 4:30 p.m. Central European Summer Time (10:30 a.m. Eastern Daylight Time in the U.S.) to discuss its financial results for the first quarter ended March 31, 2013. The company expects to release the results the same day, before the U.S. markets open.

The call will be accessible to the public by telephone or webcast, and the company will post an accompanying slide presentation in the investor relations presentations/updates section of its website (www.fwc.com). To listen to the call by telephone, dial 973-935-8752 (Conference I.D. No. 24533527) approximately ten minutes before the call.

The conference call will also be available over the Internet at www.fwc.com or through StreetEvents at www.streetevents.com.

A replay of the call will be available on the company’s website and will be accessible for four weeks following the call.

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.

Foster Wheeler AG
Media
Julie Stanisz, 908-730-4047
julie_stanisz@fwc.com
or
Investor Relations
Scott Lamb, 908-730-4155
scott_lamb@fwc.com
or
Other Inquiries
908-730-4000
fw@fwc.com

KEYWORDS:   Europe  Switzerland

INDUSTRY KEYWORDS:

The article Foster Wheeler to Hold Earnings Conference Call originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Foster Wheeler Signs Services Agreement with Valero Refinery in the UK

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Foster Wheeler Signs Services Agreement with Valero Refinery in the UK

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has signed an evergreen agreement with Valero Energy Ltd (Valero) for the provision of home office engineering and project support services to Valero’s Pembroke Refinery and other facilities in the UK.

The terms of the agreement were not disclosed and bookings will be recorded as work is released by Valero.

Foster Wheeler will provide home office front-end engineering design and detailed engineering design services to support new development and modification projects at the Pembroke Refinery and other facilities. Foster Wheeler will also provide other support services including project control and cost estimating. Valero acquired the Pembroke refinery in 2011.

“We know this refinery well, having executed projects for the refinery since the 1980s,” said Umberto della Sala, President and Chief Operating Officer of Foster Wheeler AG. “The combination of our knowledge of the refinery, together with our in-depth refining expertise, particularly in revamp projects, and our flexible and responsive team, give us an excellent opportunity to build a strong, long-term relationship in the UK with Valero. We have already successfully executed projects for Valero elsewhere, particularly in the US.”

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.


Safe Harbor Statement

Foster Wheeler AG news releases may …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Foster Wheeler Awarded Contract for Biomass Circulating Fluidized-Bed Steam Generator in South Korea

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Foster Wheeler Awarded Contract for Biomass Circulating Fluidized-Bed Steam Generator in South Korea

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by GS E&C for the design and supply of one circulating fluidized-bed (CFB) steam generator for the Dangjin 4 Biomass Power Plant Project for GS EPS, a subsidiary of GS Group. The plant will be located in Dangjin, a city in South Chungcheong Province, South Korea.

Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed and the contract value will be included in the company’s first quarter 2013 bookings. Commercial operation of the new steam generator is scheduled for third quarter 2015.

Foster Wheeler will design and supply the 105 MWe (gross megawatt electric) CFB steam generator and auxiliary equipment for the boiler island, including a Foster Wheeler baghouse for flue gas cleaning. The steam generator will be designed to burn palm kernel shells with co-firing of coal, and wood pellets as back-up fuel, while meeting applicable environmental regulatory requirements.

“Biomass residue from palm oil industries is an abundant renewable energy fuel in Southeast Asia,” said Gary Nedelka, Chief Executive Officer of Foster Wheeler‘s Global Power Group. “We are pleased to have yet another opportunity to demonstrate Foster Wheeler‘s CFB technology as a solution to meet energy needs while addressing environmental concerns.”

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.


Safe Harbor Statement
…read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Foster Wheeler to Participate in BB&T Capital Markets Commercial and Industrial Conference

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Foster Wheeler to Participate in BB&T Capital Markets Commercial and Industrial Conference

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) announced today that Scott Lamb, Vice President of Investor Relations and Corporate Communications, will participate in the BB&T Commercial and Industrial Conference in Coral Gables, Florida on Wednesday, March 20, 2013. Mr. Lamb will provide an overview of the company and its recent financial performance.

The slides to be used by Mr. Lamb will be posted in the Investor Relations/Updates section of Foster Wheeler‘s web site (www.fwc.com) at or before the start of the conference.

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.

Foster Wheeler
Media
Julie Stanisz, 908-730-4047
julie_stanisz@fwc.com
or
Investor Relations
Scott Lamb, 908-730-4155
scott_lamb@fwc.com
or
Other Inquiries
908-730-4000
fw@fwc.com

KEYWORDS:   United States  Europe  North America  Florida  Switzerland

INDUSTRY KEYWORDS:

The article Foster Wheeler to Participate in BB&T Capital Markets Commercial and Industrial Conference originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

(function(c,a){window.mixpanel=a;var b,d,h,e;b=c.createElement(“script”);
b.type=”text/javascript”;b.async=!0;b.src=(“https:”===c.location.protocol?”https:”:”http:”)+
‘//cdn.mxpnl.com/libs/mixpanel-2.2.min.js’;d=c.getElementsByTagName(“script”)[0];
…read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Foster Wheeler to Participate in the UBS Engineering & Construction Spring One-on-One Conference

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Foster Wheeler to Participate in the UBS Engineering & Construction Spring One-on-One Conference

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) announced that Scott Lamb, the company’s Vice President of Investor Relations and Corporate Communications, will represent the company in investor meetings at the UBS Engineering & Construction Spring One-on-One Conference in New York, New York on March 12, 2013. Mr. Lamb will provide an overview of the company and its recent financial performance.

The slides to be used by Mr. Lamb will be posted in the Investor Relations Presentations/Updates section of Foster Wheeler‘s web site (www.fwc.com) at or before the start of the conference.

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.

Foster Wheeler AG
Media
Julie Stanisz, 908-730-4047
julie_stanisz@fwc.com
or
Investor Relations
Scott Lamb, 908-730-4155
scott_lamb@fwc.com
or
Other Inquiries
908-730-4000
fw@fwc.com

KEYWORDS:   United States  Europe  North America  New Jersey  New York  Switzerland

INDUSTRY KEYWORDS:

The article Foster Wheeler to Participate in the UBS Engineering & Construction Spring One-on-One Conference originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

…read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Foster Wheeler Awarded Contract for Circulating Fluidized-Bed Steam Generator in the Philippines

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Foster Wheeler Awarded Contract for Circulating Fluidized-Bed Steam Generator in the Philippines

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by Daelim Industrial Co., Ltd. for the design and supply of one circulating fluidized-bed (CFB) steam generator for the SM200 Phase 1 Coal Fired Power Station for Sarangani Energy Corporation, a joint venture company between Alsons Consolidated Resources, Inc. and Toyota Group.

Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed and the contract value will be included in the company’s first quarter 2013 bookings. Commercial operation of the new steam generator is scheduled for 2015.

Foster Wheeler will design and supply the 100 MWe (net megawatt electric) CFB steam generator plus auxiliary equipment for the project which is located in the province of Sarangani on Southern Mindanao, Philippines. The CFB steam generator will be designed to burn coal while meeting applicable environmental regulatory requirements.

“We appreciate the opportunity to showcase our fuel-flexible and environmentally friendly CFB which will provide power to the local residents in the Philippines,” said Gary Nedelka, Chief Executive Officer of Foster Wheeler‘s Global Power Group. “Foster Wheeler‘s CFB technology is an important part of the solution to meet energy needs while addressing environmental concerns.”

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 12,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Geneva, Switzerland. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.


Safe Harbor Statement

…read more
Source: FULL ARTICLE at DailyFinance