Thursday, Chicago Bridge & Iron Company N.V. (CBI), an engineering, procurement, and construction company, said it has won a contract worth about US$285 million, for an expansion project at a United States refinery.The Hoofddorp, the Netherlands-based Chicago Bridge & Iron noted that its work scope includes engineering, procurement and modular fabrication of a sulfur recovery and hydrogen complex.On January 4, the company stated that it got a contract from Thailand-based Star Petroleum Refining Co. Ltd. to build a new jet fuel processing plant and related storage as well as shipping systems in Rayong Province of Thailand. The contract was valued at above US$60 million. Star Petroleum is a Chevron Corp. (CVX) and PTT Public Co Ltd joint venture. The company expected to conclude the project by early 2009.In November, Chicago Bridge & Iron said that it has secured a contract valued at about $100 million from Nexen Petroleum U.K. Ltd. for the topsides detailed design engineering and procurement services for the fourth platform in the Buzzard field complex.In October, the company won a contract valued in excess of US$373 million from Woodside Burrup Pty Ltd. The company noted that its initial scope of work included the engineering, procurement, construction and pre-commissioning of two 120 thousand cubic meter full containment LNG storage tanks, three condensate tanks and associated civil, piping, electrical and instrumentation work. The company expected the project to be completed in 2010.CBI is currently trading down $1.01 or 2.20%, at $44.87. During the past 52-week period, the stock was trading between $25.89 and $63.50.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.