Reports related to this article:
Project(s): View 12 related projects in PECWeb
Plant(s): View 9 related plants in PECWeb
Released February 25, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Fluor Corporation (NYSE: FLR) (Irving, Texas) is ramping up for a busy quarter, as the engineering, procurement and construction (EPC) provider prepares to finish construction on a major pipeline in the Great Lakes region, begin work on a string of refinery upgrades across the U.S., and begin a host of services at one of the most important liquefied natural gas (LNG) projects in Canada. Industrial Info is tracking more than $215 billion in active projects involving Fluor, including more than $100 billion in the U.S. and Canada.
Click on the image at right for a graph detailing active Fluor projects in the U.S. and Canada, by state or province.
Fluor expects to finish construction in the coming months on several major components of Enbridge Incorporated's (NYSE:ENB) (Calgary, Alberta) Nexus Gas Transmission project in Ohio and Michigan. The 256-mile, 36-inch pipeline is designed to transport up to 1.5 billion cubic feet per day (Bcf/d) of natural gas from the Utica Shale in eastern Ohio to an existing pipeline system in southeastern Michigan. These include the $450 million Ohio portion, which runs 200 miles, and the $125 million Michigan portion, which runs 56 miles.
The Ohio portion will be supplemented by a $15 million lateral in Kensington, which will connect the mainline to the Kensington Processing Plant. For more information, see Industrial Info's project reports on the Ohio portion, Michigan portion and lateral.
Industrial Info also is tracking progress on four compressor stations in Ohio that will service the Nexus pipeline. Set to be completed along with the pipeline itself, they are, east to west:
Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) has Fluor on tap for its $10 million continuous catalytic reformer (CCR) Unit 2 upgrade at a refinery in Texas City, Texas, also set to kick off before the end of the quarter. Valero and Fluor will enhance the 18,000-barrel-per-day (BBL/d) CCR by modifying the main fractionation column, replacing the cooling tower, and performing upgrades to resolve octane loss from crude oil processing. For more information, see Industrial Info's project report.
One of the largest projects worldwide to involve Fluor took a major step forward last quarter when LNG Canada made its final investment decision to build an estimated $20 billion LNG export facility in Kitimat, British Columbia. Fluor, in a joint venture with JGC Corporation (Yokohama, Japan), will provide EPC and fabrication services. The facility will include a pair of 7 million-metric-ton-per-year production trains and a marine terminal that will accommodate a pair of large LNG carriers. For more information, see Industrial Info's project report.
Fluor booked its share of LNG Canada's $14 billion contract value in the fourth quarter. "Our most significant award of 2018, and one of the largest in Fluor's history, was the $8.4 billion LNG Canada [contract] we booked in the fourth quarter," said David Seaton, the chief executive officer of Fluor, in an earnings-related conference call. "We expect revenues and contributions from this project to be relatively modest in 2019, as we begin engineering. Revenue will start to accelerate next year as we start to release the module designs to our fabrication yards."
LNG Canada is a joint venture in which Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) holds 40%; Petroliam Nasional Berhad (Petronas) (Kuala Lumpur, Malaysia) holds 25%, PetroChina Company Limited (Beijing, China) holds 15%, Mitsubishi Corporation (Tokyo, Japan) holds 15% and Korea Gas Corporation (Daegu, South Korea) holds 5%.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph detailing active Fluor projects in the U.S. and Canada, by state or province.Fluor expects to finish construction in the coming months on several major components of Enbridge Incorporated's (NYSE:ENB) (Calgary, Alberta) Nexus Gas Transmission project in Ohio and Michigan. The 256-mile, 36-inch pipeline is designed to transport up to 1.5 billion cubic feet per day (Bcf/d) of natural gas from the Utica Shale in eastern Ohio to an existing pipeline system in southeastern Michigan. These include the $450 million Ohio portion, which runs 200 miles, and the $125 million Michigan portion, which runs 56 miles.
The Ohio portion will be supplemented by a $15 million lateral in Kensington, which will connect the mainline to the Kensington Processing Plant. For more information, see Industrial Info's project reports on the Ohio portion, Michigan portion and lateral.
Industrial Info also is tracking progress on four compressor stations in Ohio that will service the Nexus pipeline. Set to be completed along with the pipeline itself, they are, east to west:
- $55 million station in Hanoverton; see project report
- $45 million station in Wadsworth; see project report
- $55 million station in Clyde; see project report
- $45 million station in Waterville; see project report
Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) has Fluor on tap for its $10 million continuous catalytic reformer (CCR) Unit 2 upgrade at a refinery in Texas City, Texas, also set to kick off before the end of the quarter. Valero and Fluor will enhance the 18,000-barrel-per-day (BBL/d) CCR by modifying the main fractionation column, replacing the cooling tower, and performing upgrades to resolve octane loss from crude oil processing. For more information, see Industrial Info's project report.
One of the largest projects worldwide to involve Fluor took a major step forward last quarter when LNG Canada made its final investment decision to build an estimated $20 billion LNG export facility in Kitimat, British Columbia. Fluor, in a joint venture with JGC Corporation (Yokohama, Japan), will provide EPC and fabrication services. The facility will include a pair of 7 million-metric-ton-per-year production trains and a marine terminal that will accommodate a pair of large LNG carriers. For more information, see Industrial Info's project report.
Fluor booked its share of LNG Canada's $14 billion contract value in the fourth quarter. "Our most significant award of 2018, and one of the largest in Fluor's history, was the $8.4 billion LNG Canada [contract] we booked in the fourth quarter," said David Seaton, the chief executive officer of Fluor, in an earnings-related conference call. "We expect revenues and contributions from this project to be relatively modest in 2019, as we begin engineering. Revenue will start to accelerate next year as we start to release the module designs to our fabrication yards."
LNG Canada is a joint venture in which Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) holds 40%; Petroliam Nasional Berhad (Petronas) (Kuala Lumpur, Malaysia) holds 25%, PetroChina Company Limited (Beijing, China) holds 15%, Mitsubishi Corporation (Tokyo, Japan) holds 15% and Korea Gas Corporation (Daegu, South Korea) holds 5%.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
