Welcome to our dedicated page for Fluor news (Ticker: FLR), a resource for investors and traders seeking the latest updates and insights on Fluor stock.
Fluor Corporation provides engineering, procurement, construction, fabrication, operations and maintenance services for large industrial, energy, mining and transportation projects worldwide. News about FLR frequently centers on financial results, backlog and new awards, as well as project-definition work such as FEED, feasibility studies, front-end loading and pre-construction services.
Recurring company updates cover Energy Solutions, Mining & Metals, Advanced Technologies and other project markets, including refining, gas-fueled and nuclear power, small modular reactor support, data centers, mining and uranium enrichment. Fluor news also includes portfolio actions such as divestitures and investment sales, regional office expansion and investor conference participation.
Fluor Corporation (NYSE: FLR) announced a five-year contract awarded to its subsidiary, Stork, by Compañía Operadora de Gas, S.A.C (COGA) in Peru. This contract, booked in Q3 2020, involves pipeline maintenance services for over 1,500 kilometers of pipeline crucial for the country's energy distribution. Execution is set to start in Q1 2021, with completion expected by mid-2026. Stork aims to enhance service quality while fostering local employment in the region.
Fluor Corporation (NYSE: FLR) announced that UAMPS has been awarded up to $1.355 billion in funding from the U.S. Department of Energy for NuScale Power’s small modular nuclear reactor project. Fluor aims to assist in the development of the Carbon Free Power Project, a 720-megawatt plant in Idaho using 12 NuScale SMRs, set to deliver reliable, carbon-free electricity. With a global footprint, Fluor seeks opportunities in various regions to deploy these technologies, leveraging over 70 years of experience in the nuclear sector.
Fluor Corporation (NYSE: FLR) announced that its subsidiary Stork secured a three-year maintenance contract with NAM, a Shell and Esso joint venture, in the Netherlands. The contract, which began in August 2020, covers maintenance and engineering services across three onshore production areas. The value of the contract was recorded in Fluor's Q3 2020 financials. Stork has over 20 years of experience with NAM and aims to enhance operational efficiency while prioritizing safety and cost-effectiveness.
Fluor Corporation (NYSE: FLR) announced that the Loop 202 South Mountain Freeway project in Phoenix has been chosen as a finalist in America’s Transportation Awards. The $1.7 billion project was recognized for its innovative approach and technology, previously winning first place for the western region. Completed in December 2019, the freeway boasts 42 bridges and improved traffic flow with features like wildlife crossings and a shared-use path. The public can vote for the People's Choice Award until October 25, 2020, with winners announced in November.