Front‑End Engineering and Design (FEED) is the early project phase that develops the basic plans, technical specifications and cost estimates needed to decide whether to build a large asset such as a plant, pipeline or factory. Think of it as an architect’s blueprint and budget estimate before construction starts; for investors it matters because FEED reduces uncertainty about project cost, timeline and technical risks and often triggers funding decisions or changes in valuation.
shale oiltechnical
Shale oil is crude oil trapped inside fine-grained rock layers (shale) that must be released by drilling horizontally and creating small fractures in the rock—think of squeezing oil from a dense sponge by making tiny cracks. It matters to investors because shale production can rapidly change oil supply, influence global prices, affect energy company profits and capital spending, and introduce specific cost, technology and environmental risks that change investment value.
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IRVING, Texas--(BUSINESS WIRE)--
Fluor Corporation (NYSE: FLR) announced today that it has been selected by America First Refining (AFR) to execute the front-end engineering and design (FEED) for their large-scale refining facility in Brownsville, Texas. The AFR facility is the first new refinery to be constructed in the United States in more than 50 years.
An artist rendering of the America First Refining large-scale refining facility in Brownsville, Texas, the first new refinery to be constructed in the United States in more than 50 years.
Fluor will recognize the undisclosed contract value in the first quarter of 2026.
The facility will leverage commercially proven technologies to cleanly and efficiently process American shale oil into gasoline, diesel and jet fuel. Upon completion, the refinery is expected to process more than 60 million barrels per year of domestic crude, supporting domestic energy resilience and cleaner fuel innovation.
“We are honored to partner with America First Refining on this landmark U.S. project,” said Pierre Bechelany, Fluor’s Business Group President of Energy Solutions. “Together, AFR and Fluor bring deep technical expertise and proven project‑delivery capabilities, positioning the project for successful execution. This collaboration reflects both companies’ commitment to advancing the nation’s refining infrastructure.”
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 23,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.5 billion in 2025 and is ranked 257 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.
