FLR Fluor Corporation

Fluor Awarded Front-End Engineering and Design Contract for California Resources Corporation Carbon Capture Project

(NYSE: FLR) announced today that it was awarded a front-end engineering and design (FEED) contract for California Resources Corporation’s (CRC) carbon capture and sequestration project, Cal Capture, at the 550-megawatt, natural gas-powered Elk Hills Power Plant in Tupman, California. The FEED is being funded by the U.S. Department of Energy (DOE) through collaboration with the Electric Power Research Institute (EPRI) as part of a larger initiative to advance carbon capture technology development.

“Fluor’s commitment to helping clients achieve their clean energy goals continues with this recent award from CRC,” said Mark Fields, group president of Fluor’s Energy & Chemicals business. “We are honored to be selected by CRC to help them design and permit California’s first carbon capture and sequestration system.”

Fluor’s scope of work is as the licensor providing engineering services for the plant’s licensed process unit and required utility systems using its proprietary carbon capture technology which is an energy-efficient and cost-effective process for the removal of carbon dioxide from flue gas streams. The process will incorporate Fluor’s advanced solvent formulation together with a number of patented energy savings features.

The execution of the project is a collaborative effort between EPRI, CRC and Fluor. The DOE award was made to EPRI, which has led the interface with the DOE. CRC is providing the project oversight and defining the basis of the FEED.

“CRC has four 2030 sustainability goals that align with those of the State of California. Our carbon goal is to design and permit a carbon dioxide (CO2) capture and storage system – the Cal Capture project – at our Elk Hills Power Plant with associated CO2 injection for enhanced recovery and sequestration at the adjacent Elk Hills oil field,” said Shawn Kerns, CRC executive vice president of Operations and Engineering. “The Cal Capture project offers multiple benefits including substantial emissions reductions, substantial positive economic impacts across the California economy and the development of a key technology needed worldwide to meet future energy transition targets.”

About California Resources Corporation

(NYSE: CRC) is the largest oil and natural gas exploration and production company in California. CRC operates its world-class resource base exclusively within the State of California, applying complementary and integrated infrastructure to gather, process and market its production. Using advanced technology, California Resources Corporation focuses on safely and responsibly supplying affordable energy for California by Californians. For more information, visit or follow CRC on , and .

About Fluor Corporation

(NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Fluor’s 47,000 employees build a better world by designing, constructing and maintaining safe, well-executed, capital-efficient projects. Fluor is ranked 181 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. For more information, please visit or follow Fluor on , , and .

#ec

EN
21/07/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Fluor Corporation

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Fluor Corporation and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 18 August 2025 in which we reassessed the appropriateness of the ratings in the context o...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
ACM AECOM
EME EMCOR GROUP ... (+19)

Vermilion Compass: Weekly Equity Strategy

More Breakouts and Risk-On Developments We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass). We will maintain our bullish intermediate-term outlook as long as market dynamics remain healthy and the SPX is above 5700-5785, though we believe there is a low probability that this level gets tested any time soon. Short-term supports on the SPX include the 20-day MA (currently 6233), 6200, 6100-6150, and 6028-605...

Fluor Corp: 2 directors

Two Directors at Fluor Corp sold after exercising options/sold 41,588 shares at between 52.115USD and 52.132USD. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the comp...

 PRESS RELEASE

Fluor-Led JV Supports Successful Completion and Startup of Major Proje...

IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) is pleased to announce that it successfully led a joint venture that supported the completion and startup of Tengizchevroil’s (TCO) Future Growth Project (FGP) at the Tengiz oil field in Kazakhstan. The Fluor-led joint venture, including partners Worley, Kazakh Institute of Oil and Gas, and KazGiproNefteTrans Engineering Company, has provided a suite of engineering, procurement, construction, operations and maintenance services for TCO since 2011. This press release features multimedia. View the full release here: An aerial view of the Third-Genera...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch