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FLR

Fluor

$38.09 /

+0.38 (+1.01%)

, FTI

TechnipFMC

$23.28 /

+0.49 (+2.15%)

06:54
03/19/19
03/19
06:54
03/19/19
06:54

Fluor JV with TechnipFMC completes work on Sasol petrochemical complex

Fluor (FLR) announced that its joint venture, or JV, with TechnipFMC (FTI) has completed its engineering, procurement and construction management services scope of work on Sasol's (SSL) petrochemical complex in Westlake, Louisiana. The joint venture will continue to provide assistance to the Sasol team with remaining activities by working with Sasol in parallel on transition plans for each unit and system. The joint venture team will also assist in performance testing for the complex. A 1.5M ton-per-year ethane cracker is at the heart of the complex, which also includes six downstream chemical units and associated utilities, infrastructure and offsites. Beginning in November 2018, Fluor's joint venture began incremental transitions of assets from the joint venture to Sasol upon completion of each unit or system. All units have been transitioned to Sasol except for the low-density polyethylene unit, which will be handed over by the end of March. The project achieved first steam in August 2018. Utilities to support the early process units were fully operational by the end of November 2018 and the linear low-density polyethylene unit achieved beneficial operations in February.

FLR

Fluor

$38.09 /

+0.38 (+1.01%)

FTI

TechnipFMC

$23.28 /

+0.49 (+2.15%)

SSL

Sasol

$30.31 /

+0.58 (+1.95%)

  • 26

    Apr

  • 02

    May

FLR Fluor
$38.09 /

+0.38 (+1.01%)

02/22/19 DA Davidson
Fluor price target lowered to $43 from $50 at DA Davidson
01/08/19 MKM Partners
Fluor price target lowered to $39 from $49 at MKM Partners
12/12/18
On The Fly: Top five analyst downgrades
12/12/18 Goldman Sachs
Fluor downgraded to Buy from Conviction Buy at Goldman Sachs
FTI TechnipFMC
$23.28 /

+0.49 (+2.15%)

03/11/19 Goldman Sachs
Goldman Sachs starts 19 in Oilfield Services, top pick is Baker Hughes
03/10/19 Goldman Sachs
TechnipFMC initiated with a Buy at Goldman Sachs
03/05/19 Morgan Stanley
Morgan Stanley downgrades Energy sector to Equal Weight from Overweight
02/26/19 Berenberg
TechnipFMC initiated with a Buy at Berenberg
SSL Sasol
$30.31 /

+0.58 (+1.95%)

02/11/19 BofA
Sasol downgraded to Neutral from Buy at BofA/Merrill
02/08/19 Macquarie
Sasol downgraded to Neutral from Outperform at Macquarie
06/01/18 UBS
Sasol upgraded to Buy from Neutral at UBS
05/22/18
On The Fly: Top five analyst downgrades

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General news
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Technical Analysis
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Technical Analysis
NYSE market internals summary » 12:16
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