LONDON, UK / ACCESSWIRE / January 18, 2018 / Active-Investors.com has just released a free research report on Fluor Corp. (NYSE: FLR). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FLR as the Company's latest news hit the wire. On January 16, 2018, the Company, which is a global engineering, procurement, fabrication, construction and maintenance organization, announced that it was awarded a contract from Royal Dutch Shell Plc ("Shell"), for the engineering, procurement, and fabrication of the latter's Penguins floating production storage and offloading (FPSO) vessel in the North Sea. The contract includes the construction of a FPSO vessel, which would be the first new manned installation for Shell in the northern North Sea in about 30 years. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Fluor most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=FLR

The Announcement

Fluor, according to the announcement, would be responsible for the design, fabrication, and delivery of the pre-commissioned FPSO, which would have a production capacity of 45,000 barrels of oil equivalent per day (boe/d), and which could store up to 400,000 barrels. According to Fluor, the FPSO will be designed to operate continuously for the next 20 years without dry docking, and this would help extend the life of the Penguins oil and gas fields.

Fluor added that the project would be led by Fluor's office in Manila, Philippines, and would follow its successful delivery of the Malampaya Phase-3 Project in the Philippines. According to Ken Choudhary, President, Fluor Energy & Chemicals Business in Asia/Pacific, stated that the demonstrated performance in terms of safety, quality, and delivery for Malampaya, enabled the Company to win the Penguins project.

Details of the Agreement

According to Shell, the redevelopment of the field is an attractive opportunity with a go-forward break-even price of below $40 per barrel. In fact, the FPSO is expected to have a peak production of circa 45,000 boe/d. Currently, the Penguins field processes oil and gas using four existing drill centers tied back to the Brent Charlie platform. The redevelopment of the field by Fluor will be executed when Brent Charlie ceases production, and additional eight wells will be drilled and tied back to the new FPSO vessel. Natural gas, according to Shell, would be exported through the tie-in of existing subsea facilities and additional pipeline infrastructure.

Company Growth Prospects

Prior to the announcement, on January 08, 2018, Fluor announced the completion of a milestone under its contract with the US Army Corps of Engineers (USACE) in support of a Federal Emergency Management Agency (FEMA) mission to help repair and restore the power grid in Puerto Rico. The Company stated that it completed work on the two 115kv transmission lines between substations in Sabana Llana and Canovanas in Puerto Rico.

The completion enabled the Puerto Rico Electric Power Authority (PREPA) to re-energize lines in a major urban center that would carry electricity to large neighborhoods, churches, pharmacies, a retirement home, and The Outlet Mall 66 in Canóvanas. Fluor added that it has over 1,800 people on the island dedicated to the restoration of power.

Stock Performance Snapshot

January 17, 2018 - At Wednesday's closing bell, Fluor's stock marginally climbed 0.17%, ending the trading session at $58.13.

Volume traded for the day: 1.48 million shares, which was above the 3-month average volume of 1.35 million shares.

Stock performance in the last month - up 16.56%; previous three-month period - up 36.55%; past twelve-month period - up 10.62%; and year-to-date - up 12.55%.

After yesterday's close, Fluor's market cap was at $8.11 billion.

Price to Earnings (P/E) ratio was at 40.71.

The stock has a dividend yield of 1.45%.

The stock is part of the Industrial Goods sector, categorized under the Heavy Construction industry. This sector was up 0.7% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors