Reuters  Mar 26  Comment 
Oilfield services firm Amec Foster Wheeler Plc said it expects like-for-like trading margins to decline modestly in 2015, as customers push for price reductions and on weakness in the global oil and gas market.
WA Business News  Mar 23  Comment 
Peak Resources has appointed engineering firm Amec Foster Wheeler for its Ngualla rare earth project in Tanzania after locking in a $5 million interim loan.
OilVoice  Mar 20  Comment 
Amec Foster Wheeler today announces that Neil Carson a nonexecutive director since 31 August 2010 will assume the roles of senior independent director and chairman of the remuneration committee wit
OilVoice  Feb 12  Comment 
Amec Foster Wheeler announces today that having served 6 years as a director Simon Thompson has advised the Board of his decision not to seek reelection at the company39s Annual General Meeting o
Biomass Magazine  Jan 12  Comment 
Amec Foster Wheeler recently announced it has signed an agreement with D'Arcinoff Group to provide engineering and technical services for an integrated 30,000-barrels-per-day syngas-to-liquids facility in Hudspeth County, Texas.
OilVoice  Dec 15  Comment 
Amec Foster Wheeler announces today that it has acquired Scopus Group Holdings Limited Scopus a marketleading laser scanning dimensional control and lean engineering company whose precise surve
newratings.com  Nov 13  Comment 
LONDON (dpa-AFX) - Engineering and project management company AMEC Plc. (AMEC.L) and AMEC International Investments BV said the offer to purchase all of the issued and to be issued registered shares of Foster Wheeler AG has been successfully...
newratings.com  Nov 10  Comment 
GENEVA (dpa-AFX) - Foster Wheeler AG (FWLT) Thursday said it plans to voluntarily delist its shares from the Nasdaq Globet Select Market. On February 13, the company had agreed with Amec Foster Wheeler plc that all the issued and to be issued...
newratings.com  Nov 5  Comment 
GENEVA (dpa-AFX) - Engineering and project management company Amec Plc (AMEC.L), which is acquiring US-based engineering and construction contractor Foster Wheeler AG (FWLT), Wednesday announced that it has extended the acceptance period for its...


FWLT's operations are encompassed within two segments: (1) the Global Engineering and Construction Group (aka, the Global E&C Group) and the Global Power Group.

The Global E&C Group operates worldwide and designs, engineers and constructs onshore and offshore upstream oil and gas processing facilities, natural gas liquefaction facilities and receiving terminals, gas-to-liquids facilities, oil refining, and chemical and petrochemical, pharmaceutical, biotechnology and healthcare facilities and related infrastructure, including power generation and distribution facilities. The Group also provides engineering, project management and construction management services, and purchases equipment, materials and services from third-party suppliers and contractors. Further, the Group owns one of the leading refinery residue upgrading technologies and a hydrogen production process used in oil refineries and petrochemical plants. Additionally, the Group has experience with, and is able to work with, a wide range of processes owned by others. The Group performs environmental remediation services, together with related technical, engineering, design and regulatory services. The Group is also involved in the development, engineering, construction and ownership of power generation and waste-to-energy facilities in Italy. The Group generates revenues from engineering and construction activities attendant to contracts spanning up to four years in duration, from operating activities pursuant to the long-term sale of project outputs, such as electricity, and from returns on its equity investments in various production facilities.

The Global Power Group designs, manufactures, and erects steam generating and auxiliary equipment for electric power generating stations and industrial facilities worldwide. Such steam generating equipment includes a full range of technologies, offering both our utility and industrial clients high-value solutions for economically converting a wide range of fuels, including coal, petroleum coke, oil, gas, biomass and municipal solid waste into steam and power. The circulating fluidized-bed boiler technology, which is referred to as CFB, is ideally suited to burning a very wide range of fuels, including low-quality fuels, fuels with high moisture content and "waste-type" fuels, and is recognized as one of the cleanest solid-fuel steam generating technologies in the world. For both the utility CFB and pulverized coal boilers, the Group offers supercritical once-through-unit technology as an option for ultra-clean applications. Once-through supercritical boilers operate at higher temperatures and pressures than traditional plants, which results in higher efficiencies and lower emissions. Auxiliary equipment includes feed-water heaters, steam condensers, heat-recovery equipment, selective non-catalytic recovery units, selective catalytic recovery units and low-NOx burners. The Group also provides a broad range of site services relating to these products, including construction and erection services, maintenance engineering, plant upgrading and life extension, and plant re-powering. In addition, the Global Power Group provides research analysis and experimental work in fluid dynamics, heat transfer, combustion and fuel technology, materials engineering and solids mechanics. Further, the Global Power Group builds, owns and operates cogeneration, independent power production and waste-to-energy facilities, as well as power generation facilities for the process and petrochemical industries. The Global Power Group generates revenues from engineering activities, equipment supply and construction contracts, royalties from licensing our technology and from operating activities pursuant to the long-term sale of project outputs, such as electricity and steam, operating and maintenance agreements, and from returns on its equity investments in various production facilities.

For reporting purposes, corporate center expenses, corporate debt expenses, other corporate expenses and expenses related to certain legacy liabilities, such as asbestos, are reported independently in the Corporate and Finance Group, which is referred to as the C&F Group.

FWLT markets its services and products through a worldwide staff of sales and marketing personnel, and through a network of sales representatives. The businesses are not seasonal and are not dependent on a limited group of clients. Except for one client that accounted for approximately 13% of consolidated revenues in fiscal year 2006, no single client accounted for ten percent or more of our consolidated revenues in fiscal years 2006, 2005 or 2004. Representative clients include state-owned and multinational oil and gas companies, major petrochemical, chemical, and pharmaceutical companies, national and independent electric power generation companies, and government agencies, throughout the world. The majority of new business originates outside of the United States.


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