Foster Wheeler Company News

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WorleyParsons and JV Partners Win FEED Contract for LNG Canada Project
WorleyParsons reports that its joint venture with units of Chiyoda, Foster Wheeler and Saipem has secured a front-end engineering design contract for the LNG Canada Project in British Columbia, Canada.
8:00 PM EST | May 20, 2014
Amec Agrees to buy Foster Wheeler for $3B
Amec has agrees to buy Swiss-based rival Foster Wheeler for $3.13 billion, the first sizable acquisition in the sector for three years.
7:00 PM EST | January 12, 2014
Report: British Engineer Amec Eyeing Foster Wheeler Takeover
British engineer Amec is eyeing a takeover of engineering company Foster Wheeler AG in a potential deal that could create an $8 billion energy services group, The Times reports, citing sources.
7:00 PM EST | November 26, 2013
Foster Wheeler Acquires Mexican NorthAm
Foster Wheeler acquires NorthAm Engineering, a privately held engineering company located in Monterrey, Mexico.
8:00 PM EST | June 03, 2013
Foster Wheeler Wins Technical Consultancy Contract in Egypt
Foster Wheeler receives contracts by Apache Khalda for the provision of technical consultancy services to oversee the EPC phase of the Qasr Compression Project in Egypt.
8:00 PM EST | April 01, 2013
Foster Wheeler Acquires Canadian Engineering Company
Foster Wheeler has acquired Three Streams Engineering, Ltd., a privately held engineering company located in Calgary, Canada.
7:00 PM EST | November 27, 2012
Foster Wheeler Secures GOM Gig
Foster Wheeler has been awarded a contract by Discovery Gas Transmission to provide design, engineering and technical services in the Gulf of Mexico.
7:00 PM EST | February 08, 2012
Foster Wheeler JV Inks 3-Year EPCm Agreement with Qatargas
Foster Wheeler and JV partner, Qatar Kentz WLL, have signed an EPCm framework agreement with Qatargas.
7:00 PM EST | November 15, 2011
Foster Wheeler Elects Two Board Members
Foster Wheeler has elected J. Kent Masters, 50, and Henri Philippe Reichstul, 62, to the company's board of directors.
8:00 PM EST | October 31, 2011
Foster Wheeler Clinches PMC Services Contract at Egypt Proj.
Foster Wheeler has received a contract from Apache Khalda for the provision of PMC services to oversee the FEED for the Qasr Compression Proj. in Egypt.
8:00 PM EST | October 03, 2011
Foster Wheeler's 2Q Profit Up 17%
"The company reported a 17% increase in net income in the second quarter of 2011, relative to the average quarter of 2010," said Umberto della Sala.
8:00 PM EST | August 01, 2011
Foster Wheeler Welcomes New Directors
Foster Wheeler announced that its shareholders have elected Roberto Quarta, 62, and John M. Malcolm, 60, to the company's board of directors.
8:00 PM EST | August 01, 2011
Foster Wheeler Names New CEO in Leadership Succession Plan
Foster Wheeler has approved a senior leadership succession plan under which J. Kent Masters, 50, will become the company's Chief Executive Office.
8:00 PM EST | July 24, 2011
Foster Wheeler, SOCAR Team Up to Form New Company
Foster Wheeler has signed an MoU to cooperate to form a jointly-owned company with SOCAR in the Republic of Azerbaijan.
8:00 PM EST | July 13, 2011
Foster Wheeler Secures Statoil Snohvit Development Contract
Foster Wheeler has received a contract from Statoil for the pre-FEED for the Snohvit Future Development Project.
8:00 PM EST | April 13, 2011
Foster Wheeler Clinches Detail Design Contract in GOM
Foster Wheeler has been awarded a detail design contract by Enbridge Offshore for the deepwater Walker Ridge Gathering System (WRGS) in GOM.
8:00 PM EST | March 21, 2011
Foster Wheeler Secures Availability, Reliability Study in UAE
Foster Wheeler has received a contract from ZADCO to perform an availability and reliability study in connection with the expansion of the Zirku oil processing facilities.
7:00 PM EST | March 01, 2011
Foster Wheeler Promotes Executives to E&C Group
Foster Wheeler announced three executive promotions in its Global Engineering and Construction (E&C) Group.
7:00 PM EST | January 06, 2011
Foster Wheeler to Provide PMC Services at New Medan Facility
Foster Wheeler's Global Engineering and Construction Group has been awarded a contract by PGN for the provision of PMC services for a new floating LNG receiving terminal in Medan.
8:00 PM EST | November 01, 2010
Foster Wheeler Names Interim CEO
Foster Wheeler announced that Umberto della Sala, 62, has been named Interim Chief Executive Officer, effective October 22.
8:00 PM EST | October 24, 2010
Foster Wheeler Lands Pre-FEED, FEED Contract Offshore Venezuela
Foster Wheeler has been awarded a pre-FEED and FEED contract for new production facilities at Perla field, in the Gulf of Venezuela.
8:00 PM EST | October 11, 2010
Foster Wheeler Snags 9 Safety Awards in Singapore
Foster Wheeler announced that its Global Engineering and Construction Group has won nine Workplace Safety & Health Awards in Singapore for outstanding safety performance.
8:00 PM EST | August 12, 2010
Foster Wheeler Swings to Loss in 2Q10
Foster Wheeler reported net income for the second quarter of 2010 of $58.9 million, or $0.46 per diluted share, compared with $122.2 million, or $0.96 per diluted share, in the second quarter of 2009.
8:00 PM EST | August 04, 2010
Foster Wheeler Scores Contract for Uruguay's 1st LNG Facility
Foster Wheeler has been awarded an owner's engineer contract for a new LNG receiving terminal to be built in Montevideo.
8:00 PM EST | August 02, 2010
Foster Wheeler Wins FEED Framework Agreement for Karsto Project
Foster Wheeler has entered into a Framework Agreement, awarded by Statoil, for FEED services valid to support the development of the Kårstø oil and gas processing plant.
8:00 PM EST | July 14, 2010
Foster Wheeler Secures Services for ADCO's Bida Al Qemzan
Foster Wheeler has been awarded a contract by ADCO for the provision of PMC services for the development of the Bida Al Qemzan oilfield.
8:00 PM EST | July 13, 2010
Foster Wheeler Clinches PMC Contract for Iraq Expansion Project
Foster Wheeler's Global Engineering and Construction Group has been awarded a PMC services contract by SOC for the Iraq Crude Oil Export Expansion Project onshore in southern Iraq and offshore in Iraqi waters.
8:00 PM EST | July 12, 2010
Foster Wheeler Names New CEO of Subsidiary
Foster Wheeler announced that Chris E. Covert, has been named President and Chief Executive Officer of Foster Wheeler USA, effective immediately.
8:00 PM EST | July 01, 2010
Foster Wheeler Awarded Contract for Cameroon LNG Project
Foster Wheeler has been awarded a contract by GDF SUEZ to carry out the pre-FEED for the development of an onshore LNG plant and offshore gas gathering infrastructure.
8:00 PM EST | June 28, 2010
Foster Wheeler Ends 4Q 2009 with $1B Cash Position
Foster Wheeler reported net income for the fourth quarter of 2009 of $65.1 million, or $0.51 per diluted share, compared with $99.9 million, or $0.75 per diluted share, in the fourth quarter of 2008.
7:00 PM EST | February 24, 2010
Foster Wheeler Wins LNG Engineering Services Gig in Singapore
A subsidiary of Foster Wheeler's Global Engineering and Construction Group has been awarded a contract to provide project management consultancy services for the development of the LNG terminal in Singapore.
7:00 PM EST | February 07, 2010
Foster Wheeler, SOFCON Form Saudi Arabian JV
A subsidiary of Foster Wheeler's Global Engineering and Construction Group has signed a Joint Venture Agreement to form a jointly owned Saudi Arabian entity with SOFCON.
7:00 PM EST | February 01, 2010
Foster Wheeler Relocates Operating HQ to Switzerland
Foster Wheeler's Board of Directors has approved management's proposal to relocate the company's operating headquarters from Perryville, New Jersey to Geneva, Switzerland.
7:00 PM EST | December 16, 2009
Foster Wheeler Unveils Senior Leadership Succession Plan
Foster Wheeler announced today that its Board of Directors has approved a senior leadership succession plan.
7:00 PM EST | December 16, 2009
Foster Wheeler Appoints New CEO, Upstream Oil and Gas Group
Foster Wheeler has appointed Clive Vaughan to the newly created post of Chief Executive Officer, Upstream Oil and Gas Group, in the company's Global Engineering and Construction Group, based in Houston, TX.
7:00 PM EST | December 06, 2009
Woodside Awards Dual FEED Contracts for Pluto Expansion
Woodside has awarded dual contracts for Pluto Train 2 and Train 3 front-end engineering design (FEED) to Foster Wheeler and WorleyParsons (an unincorporated joint venture PJV) and KBR.
7:00 PM EST | November 10, 2009
Foster Wheeler Elects Clayton Daley to Board
Foster Wheeler's shareholders have elected Clayton C. Daley, Jr. to the company's board of directors.
7:00 PM EST | November 03, 2009
Foster Wheeler Snaps Up Assets from Atlas Engineering
Foster Wheeler's Global Engineering and Construction Group has completed an acquisition of the majority of the assets of Atlas Engineering, which is engaged in upstream engineering design, project and construction management services.
8:00 PM EST | October 28, 2009
Jumbo Shipping Completes First Phase for Pluto LNG Project
Jumbo Shipping's heavy lift vessel Daniella has completed her 11th and final voyage for the Pluto LNG project in Dampier, Australia.
8:00 PM EST | October 14, 2009
KBR Wins Saudi Aramco Shaybah Gas Project
Saudi Aramco has tapped KBR to develop a natural gas liquids program in the Shaybah oil field in Saudi Arabia.
8:00 PM EST | September 21, 2009
Saudi Aramco to Award Deals on $6.9B Gas Devt Projects
Saudi Aramco may award two contracts this month to help implement gas projects worth up to $6.9 billion to meet soaring demand for gas in the Middle East's largest economy.
8:00 PM EST | August 31, 2009
Foster Wheeler Reports 2Q 2009 Financial Results
"The strong performance of our Global Engineering and Construction Group was bolstered by its ability to capture available profit enhancement opportunities during the quarter," said Foster Wheeler's Chairman and CEO, Raymond J. Milchovich.
8:00 PM EST | August 04, 2009
Foster Wheeler Wins FEED Contract for Santos' GLNG Upstream Project
A subsidiary of Foster Wheeler's Global Engineering and Construction Group has been awarded a contract by Santos to undertake the front-end engineering design for Santos' GLNG Upstream Project in Queensland, Australia.
8:00 PM EST | July 22, 2009
Foster Wheeler Appoints New Managing Director for E&C Group
Foster Wheeler announced that Roberto Penno has been appointed managing director of Global Sales, Marketing and Strategic Planning for the company's Global Engineering and Construction Group.
8:00 PM EST | May 19, 2009
Foster Wheeler Receives Prestigious Queen's Award for Enterprise
Foster Wheeler Energy was awarded the Queen's Award for Enterprise in the International Trade category.
8:00 PM EST | April 20, 2009
Foster Wheeler Snaps Up OPE's Offshore Engineering Division
Foster Wheeler has completed its acquisition of the assets of the offshore engineering division of OPE Holdings, which has operations in Houston and Trinidad & Tobago.
8:00 PM EST | March 31, 2009
Foster Wheeler Reports Record Q4 Profits
Foster Wheeler has reported net income for the fourth quarter of 2008 of $99.9 million, compared with $78.1 million in the fourth quarter of 2007.
7:00 PM EST | February 23, 2009
OPE Sells Offshore Engineering Division in Houston, Trinidad & Tobago
OPE Holdings has reached a binding agreement to sell the assets of its offshore engineering division based in Houston, Texas and in Trinidad & Tobago to Foster Wheeler at a base sale price of $9 million.
7:00 PM EST | February 23, 2009
Foster Wheeler Completes Redomestication to Switzerland
Foster Wheeler has completed its previously announced redomestication to change the place of incorporation of its group holding company from Bermuda to Switzerland.
7:00 PM EST | February 08, 2009
Foster Wheeler Gets Shareholder Approval to Change Place of Incorporation
Foster Wheeler received the necessary shareholder approval to complete its previously announced redomestication to change the place of incorporation of its group holding company from Bermuda to Switzerland.
7:00 PM EST | January 26, 2009