ZUG, Switzerland--(BUSINESS WIRE)- Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by SCS Proyectos, S.A.P.I. de C.V. for the design and supply of two heat recovery steam generators (HRSGs) to be installed in a cogeneration power plant for the TEREFTALATOS MEXICANOS S.A. DE C.V. TOP 1002 Cogeneration Project in Cosoleacaque, Veracruz, Mexico. The plant is owned by Cogeneración de Energía Limpia de Cosoleacaque, S.A. de C.V.

Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed, and the contract value was included in the company's second-quarter 2012 bookings.

Foster Wheeler will design, supply and provide advisory services for erection and start-up of the two HRSGs, which will be coupled to two LM 6000PF combustion turbines. Delivery of the HRSGs is scheduled for mid-2013.

"This award demonstrates Foster Wheeler's state-of-the-art design and competitiveness in the heat recovery steam generator market," said Jesús Martí Sanz, Chief Executive Officer of Foster Wheeler Energia, S.L. in Madrid. "Mexico is an important market for Foster Wheeler and our value-added solution -- performance, reliability and service -- is a perfect match for our customer's needs."

Fluor Corporation (NYSE: FLR) announced it was awarded an engineering, procurement and construction management (EPCM) contract by The Dow Chemical Company (NYSE: DOW) for a propylene production asset project in Freeport, Texas. Fluor successfully completed the front-end engineering and design (FEED) contract thereby setting the stage for this next-phase EPCM project award. Fluor will book the undisclosed value in the third quarter.

"Fluor is excited to be the EPCM contractor for the successful execution and completion of this project," said Peter Oosterveer, president of Fluor's Energy & Chemicals Group. "The U.S. is experiencing a significant rebound in the petrochemical sector due to the attractive price of shale gas and we look forward to helping our long-time customer Dow realize this important project."

The project is under way with estimated mechanical completion by 2015. Fluor's Houston operations center is leading the effort with support from its Philippines operations. Nearly 1,600 home office, construction management and craft personnel are expected to be involved on this project at its peak.

Earlier this year, Fluor and Dow signed a Strategic Global Engineering, Procurement, Construction and Construction Management Agreement in support of Dow's global capital projects program ranging across all Dow products. This includes potential new project work spanning across the globe.

Technip was awarded by Statoil a contract for the fabrication, installation and tie-ins of flowlines(1) for the Gullfaks South field development. The field is in the northern part of the North Sea, located approximately 190 kilometers northwest of Bergen, Norway, at water depths between 130 and 220 meters.

The Gullfaks South project development will contribute to Statoil’s extensive initiatives on increased oil recovery and consists of two manifolds(2) tied back to the existing Gullfaks South infrastructure by 20 kilometers of new flowlines. This development will be based on the use of direct electrical heating and pipe-in-pipe flowline technology.

Technip’s operating center in Oslo, Norway will execute the contract where offshore construction is scheduled for the first half of 2014. Technip’s spoolbase in Orkanger, Norway, will fabricate the flowlines. Offshore operations will be carried out by vessels from Technip’s fleet including the Apache II pipelay vessel and the new build construction vessel.

Report by ARC: Pressure transmitter shipments, after returning to pre-recession levels in 2010, saw strong growth in 2011, even besting 2010’s growth by several percentage points. Despite the return to positive growth, risks remain, such as continued economic uncertainty in the US and Europe, and slowing growth in Asia.

“Although the economy is sending mixed signals, the pressure transmitter market will likely continue to see positive growth. Ongoing demand for energy will require more oil and gas, driving up demand and long-term energy prices. Finding new oil deposits is becoming more difficult and those that are found tend to be more challenging to develop and refine, creating significant opportunities for pressure transmitter suppliers,” according to Senior Analyst Allen Avery (This email address is being protected from spambots. You need JavaScript enabled to view it.), the principal author of ARC’s “Pressure Transmitter Worldwide Outlook”.

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