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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; [email protected]

Stock News for Fluor (FLR)
DateTimeHeadline
01/12/201716:16:00Fluor’s NuScale Power Submits Small Modular Nuclear Reactor D...
01/12/201709:00:00Fluor Corporation to Hold Fourth Quarter Earnings Conference...
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01/06/201711:38:22Statement of Changes in Beneficial Ownership (4)
01/06/201711:35:42Statement of Changes in Beneficial Ownership (4)
01/06/201711:33:05Statement of Changes in Beneficial Ownership (4)
01/06/201711:30:49Statement of Changes in Beneficial Ownership (4)
01/06/201711:28:50Statement of Changes in Beneficial Ownership (4)
01/06/201711:26:18Statement of Changes in Beneficial Ownership (4)
01/06/201711:22:19Statement of Changes in Beneficial Ownership (4)
01/06/201711:20:12Statement of Changes in Beneficial Ownership (4)
01/04/201716:25:59Statement of Changes in Beneficial Ownership (4)
01/04/201707:05:00Fluor Awarded Refinery Project in Chile
12/20/201616:33:00Fluor to Design and Build $2 Billion Diabetes API Manufacturing...
12/15/201612:48:00Fluor-Led Team Completes Tappan Zee Bridge Towers
12/14/201616:37:00Fluor Project Named Power Engineering Magazine’s Overall Project o...
12/07/201616:04:00Fluor Places Final Module for Suncor East Tank Farm Development...
11/30/201616:11:00Fluor Named to Forbes JUST 100 List
11/21/201616:12:00Fluor Signs Memorandum of Understanding with Clean Energy Future...
11/08/201616:23:00Brunswick County Power Station Recognized by ENR Mid-Atlantic...

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