WorleyParsons and its 50/50 joint venture partner PT Rekayasa Industri have been awarded a significant Improve contract by PT Chevron Pacific Indonesia. The contract is for the supply of overall program management, engineering and construction management services for Chevron’s oilfield assets spread through the middle of Sumatra. The contract will provide estimated revenue of USD180 million to the joint venture partners over its five-year term.

WorleyParsons’ Chief Executive Officer, John Grill said “This contract is a significant milestone for WorleyParsons, as it allows entry to the heavy oil production business in Indonesia’s largest oil field. This project will be a great opportunity for WorleyParsons and our partner PT Rekayasa Industri to combine both companies’ strengths to deliver a quality project to contribute to Indonesia’s domestic oil needs.” WorleyParsons’ Improve business stream is focused on delivering ongoing improvements to our customers’ sustaining and significant capital assets through long-term mutually beneficial relationships.

ZUG, Switzerland--(BUSINESS WIRE)--Jan. 17, 2012-- Foster Wheeler (NASDAQ: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Petron Corporation (Petron) for the Petron Refinery Master Plan-2 Project in Bataan, Philippines. Foster Wheeler will execute detailed engineering and procurement services for the delayed coker unit (DCU), including the engineering and material supply of two double-fired Terrace WallTM coker heaters. The DCU will have a design capacity of 37,500 barrels per stream day and is a key part of this significant refinery upgrade.

This award follows an earlier award for the process design package and technology license for the DCU, which will use the company’s leading Selective Yield Delayed Coking (SYDECSM) process.

“We are very focused on leveraging coking technology wins into larger workscopes,” said Umberto della Sala, Chief Operating Officer of Foster Wheeler AG. “Coker units are complex, and we always recommend Foster Wheeler detailed engineering and critical procurement to realize the full operational benefits of our well-designed, well-constructed delayed coking unit. We believe that this award reflects Petron’s confidence in the added value that we will bring to this project and in our fast-track, cost-effective execution plan.”

ZUG, Switzerland--Jan. 19, 2012-- Foster Wheeler AG (Nasdaq: FWLT) announced today that its India subsidiary, Foster Wheeler India Private Limited, part of its Global Engineering and Construction Group, has been awarded a contract for a new LNG receiving terminal to be built in Ennore, in the state of Tamil Nadu, India. The contract was awarded by India’s national oil company, Indian Oil Corporation Limited (IOCL).

The Foster Wheeler contract value for this project was not disclosed and will be included in the company’s fourth-quarter 2011 bookings.

Foster Wheeler’s scope of work includes basic design, front-end engineering design, and the preparation of capital and operating cost estimates for the new LNG import, storage and regasification terminal, which will be designed to process five million tonnes per annum of LNG. Foster Wheeler’s scope also includes marine studies to enable IOCL to finalize the jetty location, utilities, and regasified LNG send-out facilities. The LNG terminal facilities are planned for completion by 2015-16.

(ARC Advisory Group) The Automation Expenditures for Discrete Industries market rebounded in 2010 after recovering from a deep global downturn in 2009. 2010 started out with sluggish order activity, which later escalated, resulting in a recovery in 2010 that was more robust than expected earlier in the year. Emerging economies, including the BRIC (Brazil, Russia, India, and China) countries, drove growth for the Automation Expenditure for Discrete Industries market in 2010, according to a new ARC Advisory Group study.

The second largest economy in the world, China, continues to be a growth driver for the overall automation business. Current activities reflect that China and India are still investing in automation. “Domestic demand will remain strong in emerging and developing economies. Consequently, the global automation systems market for discrete industries will experience moderate growth during the five year forecast period,” according to Senior Analyst Himanshu Shah, the principal author of ARC’s “Automation Expenditures for Discrete Industries Worldwide Outlook”.