logo
  Join        Login             Stock Quote

Chicago Bridge & Iron (CBI): CC JV Receives Feed Contract For Facility In Republic Of Mozambique

 December 24, 2012 09:09 AM
 


(By Balaseshan) Chicago Bridge & Iron Co. N.V. (NYSE: CBI) said CC JV, a joint venture comprising of CBI and Chiyoda Corp., has received a feed contract for onshore natural gas liquefaction facility project in the Republic of Mozambique.

CC JV has been awarded a contract for the Front End Engineering and Design (FEED) for the onshore natural gas liquefaction facility project in an LNG park in the Cabo Delgado Province of northern area of the Republic of Mozambique by Anadarko Moçambique Area 1 Limitada.

The company said the project has the potential to expand its capacity up to approximately 50 million metric tonnes per annum (mmtpa) of LNG in the future.

[Related -How To Invest Like A Berkshire Insider]

The FEED will deliver designs for the initial phase of the Mozambique LNG project of four trains each with 5 mmtpa of LNG production capacity. This project is the first LNG project in Mozambique.

The feed gas comes from offshore production facilities at Offshore Area 1, operated by Anadarko, and Offshore Area 4, operated by Eni. The first LNG cargo is targeted for 2018.

Chicago Bridge & Iron is a Netherlands-based integrated engineering, procurement and construction (EPC) services provider and process technology licensor, delivering solutions to customers primarily in the energy and natural resources industries.

CBI closed Friday's regular session at $45.32. The stock has been trading between $32.48 and $47.74 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageCrude Rebound

Since the price of crude oil broke below $90 per barrel in September, the Brent global benchmark has been read on...

article imageShould You Invest In The Hottest New Trend In Finance?

Thanks to major changes in regulation, social media and technology, the business of banking has undergone read on...

article imageStrong Attractor in Action Pulling S&P 500 Down

The attractor is formed by the 200-day moving average and the 50% Fibonacci retracement of the up move from read on...

article imageIs The Weak Housing Market A Warning Sign For The US Economy?

Today’s US economic releases – housing starts and business survey data for the manufacturing sector – read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.