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Fluor Gets $3.5 Billion Contract For Work On Liquefied Gas Project

DOW JONES NEWSWIRES Fluor Corp. (FLR) said Australia's Santos Ltd. (STO.AU, SSLTY) awarded it a $3.5 billion engineering, procurement and construction contract on a liquefied natural gas project in the country's Queensland state. The deal is a promising sign for the engineering and construction company, which was mostly resilient during the downturn but had suffered in recent quarters with sagging results at its oil-and-gas business. In November, it reported it swung to a third-quarter loss on charges, though revenue rose unexpectedly. Fluor said Tuesday it booked $3.5 billion in the fourth quarter for the contract related to Santos' Gladstone project, which will extract and liquefy gas from coal deposits for export to Asia and other global markets. Fluor shares closed Friday at $71.19 and were inactive in recent premarket trading. Through the latest close, the stock was up 45% over the past year. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240; matthew.jarzemsky@dowjones.com

Stock News for Fluor (FLR)
DateTimeHeadline
08/27/201509:00:00Fluor to Present at D.A. Davidson E&C Conference
08/26/201515:39:29Statement of Changes in Beneficial Ownership (4)
08/25/201508:00:00Over 230 Attend NuScale Power’s “NuEx” – NuScale Exposition
08/20/201508:08:00Fluor and COOEC Form New Fabrication Joint Venture
08/10/201518:07:55Statement of Changes in Beneficial Ownership (4)
08/10/201518:05:55Statement of Changes in Beneficial Ownership (4)
08/10/201518:05:27Statement of Changes in Beneficial Ownership (4)
08/10/201518:04:05Statement of Changes in Beneficial Ownership (4)
08/10/201518:03:09Statement of Changes in Beneficial Ownership (4)
07/30/201517:21:46Automatic Shelf Registration Statement of Securities of Well-known...
07/30/201516:18:23Current Report Filing (8-k)
07/30/201516:07:00Fluor and Sacyr Form New Joint Venture in Spain
07/30/201516:05:00Fluor Reports Second Quarter Results
07/29/201518:13:00Fluor Corporation Announces Quarterly Dividend
07/28/201509:00:00Fluor to Present at Jefferies Industrials Conference
07/27/201516:11:00Fluor’s Eagle P3 Project Commuter Rail Maintenance Facility i...
07/23/201516:15:12Current Report Filing (8-k)
07/22/201516:08:00Fluor Awarded Power Maintenance Services Contract for Luminant’s C...
07/07/201515:33:38Statement of Changes in Beneficial Ownership (4)
07/07/201515:06:05Statement of Changes in Beneficial Ownership (4)

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