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Fluor Corporation News

03 Nov 2021

Fluor Wins $1.16 Billion Contract for US Navy Nuclear Propulsion Work

(Photo: Fluor Corporation)

Fluor Corporation (NYSE: FLR) announced today that its Department of the Navy contract with Fluor Marine Propulsion, LLC, a wholly-owned subsidiary of Fluor, was extended through fiscal year 2022. The contract is part of a joint program, Naval Reactors, that is overseen by the Department of Energy’s National Nuclear Security Administration and the Department of the Navy. The contract includes Naval Nuclear Propulsion work at the Navy Nuclear Laboratory (NNL) sites in New York, Pennsylvania and Idaho.

23 Mar 2020

Damen Names Van Heyningen COO

Marc van Heyningen (Photo: Damen Shipyards Group)

As of April 1, Marc van Heyningen will become the new Chief Operations Officer (COO) of Damen Shipyards Group. This completes the Executive Board of the leading Dutch maritime solutions provider.Marc is a MSc in Civil Structural Engineering at Delft University and has spent the vast majority of his career working for Fluor Corporation in various general and operations management positions in, for example, The Netherlands, The UK, India and the USA. His last role was Vice President of Operations based in Fluor Company Headquarters in Dallas…

02 Aug 2019

Stork Awarded Evergreen Gig for UK Assets

Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, was awarded a contract extension by Centrica Storage Limited to continue providing fabric maintenance and associated services for the company’s UK onshore and offshore oil and gas assets.Fluor booked the undisclosed contract value in the second quarter of 2019, said a release.“Stork is extremely pleased to deepen our long-term relationship with Centrica in the UK by providing services to extend the life and efficiency of its assets in the northeast of England,” said Taco de Haan, Stork’s president.“Stork’s multidisciplined team will provide a single…

23 Apr 2019

NextDecade Receives EPC Bid Packages

NextDecade Corporation, a liquefied natural gas (LNG) development company focused onLNG export projects and associated pipelines in the State of Texas, announced that it has received bid packages from each of Bechtel Oil, Gas, and Chemicals, Inc. and Fluor Corporation.Both the companies are two of the global LNG market’s leading engineering, procurement, and construction (EPC) contractors.The technical and commercial bid packages, which were received on-schedule, are for fully wrapped lump-sum turnkey (LSTK) EPC contracts for NextDecade’s Rio Grande LNG export project in Brownsville, Texas.Following detailed evaluations of the Bechtel and Fluor bid packages…

10 Oct 2012

Fluor Wins Offshore Philippines EPC Contract

Fluor Offshore Solutions gains engineering, procurement and construction (EPC) support contract for Malampaya deep-water gas-to-power project. The project is being undertaken on behalf of the Philippine Government by the Service Contract 38 consortium composed of Shell Philippines Exploration B.V. (Operator), Chevron Malampaya LLC and Philippine National Oil Company—Exploration Corporation. This landmark project is among the most significant in the Philippines. Approximately 40 percent of the power for the main island of Luzon is generated by power plants using Malampaya gas. Malampaya Phase 3 involves the design, fabrication and installation of a new depletion compression platform that is linked by a bridge to the existing shallow water platform.

19 Oct 2010

Fluor, Cost Increase on Offshore Wind Project Impacts Q3

Fluor Corporation announced that its third quarter results will include a charge of approximately $163m, or $0.90 per share, for estimated cost increases on the Greater Gabbard Offshore Wind Project. During the third quarter, the project experienced a variety of execution challenges, including material and equipment delivery issues, primarily relating to the installation of wind turbine generators and subsea cabling. Following an evaluation of third quarter events, the company has revised estimates to include substantial costs for additional marine vessels and other subcontractor costs associated with equipment installation, equipment repairs and the estimated schedule impact which has been exacerbated by weather-related delays.

07 Dec 2009

Johnson President, CEO J. Ray McDermott

Photo courtesy J. Ray McDermott

J. Ray McDermott, S.A. (J. Ray) announced the appointment of Stephen M. Johnson as President and Chief Executive Officer of J. Ray, effective January 1, 2010. Johnson is the current President and Chief Operating Officer of McDermott International, Inc. (McDermott), J. Ray’s parent company. He succeeds Robert A. Deason, who, as previously announced, will retire at the end of the year. Separately, McDermott announced that it plans to separate its operating subsidiaries, The Babcock & Wilcox Company (B&W) and J. Ray, into two independent, publicly traded companies.

03 Aug 2009

Global, Flour Agreement, Middle East

Global Industries, Ltd. (NASDAQ:GLBL) announced today that it has entered into an exclusive agreement with Fluor Offshore Solutions, a division of Fluor Corporation (NYSE:FLR), to pursue offshore projects in the Middle East and North Africa (MENA) region. The exclusive agreement, which will build on the combined 60 years of offshore experience of both companies, will jointly market and perform offshore construction projects for the oil and gas industry within the MENA region. The agreement will leverage the depth of Engineering, Project Management, Procurement and Installation processes to focus on both EPIC and traditional Transportation and Installation solutions. Global will be utilizing its extensive vessel fleet and significant offshore experience.

22 May 2006

MarAd to Present Shipper Award

MarAd Administration will present the Shipper Award to the Fluor Corporation of Aliso Viejo, Calif, for their continuing support of the United States Merchant Marine. Acting Deputy Maritime Administrator Julie Nelson will present the award in a ceremony hosted by the Propeller Club of the United States at the Washington Navy Yard. Fluor has moved more than 32,000 metric tons of Iraq reconstruction cargoes and maintained a continuous supply chain through Iraqi ports.