News

French marine engineering company GTT is seeking a partnership with Brazil's HRT Participações and federal energy major Petrobras to monetize natural gas produced in remote Amazon fields. According to GTT, LNG provides the ideal solution for Brazil's gas logistics problems amid rising demand from thermoelectric power plants.

CEO of Mexican conglomerate Grupo Idesa, Mr José Luis Uriegas, ,has provided an upbeat assessment of Mexican and Brazilian petrochemical potential.

In line with its ambition to provide sustainable solutions for the tissue making industry Metso established a Tissue Technology Award.

Statoil was the highest bidder on 15 leases in the central region U.S. Gulf of Mexico lease sale. With the addition, Statoil will control more than 340 leases in the Gulf of Mexico, further securing its significant lease holder position. “This addition of leases allows us to further build upon our broad-based strategy for exploration in the U.S.

ADA-ES, Inc. has received awards from three utilities to supply ten Activated Carbon Injection (ACI) systems. Work on the contracts, which collectively are valued at more than $7 million, will begin immediately with deliveries in the fourth quarter of 2013 and in 2014.

Spurred by the growth in sales of its diversified line of control valves, regulators and tank equipment in Brazil, Cashco, Inc.

Under a US$17.5 million contract, Wood Group PSN will deliver operations and maintenance services to Chevron's offshore production facilities.

Construction at the VC Summer plant in South Carolina has begun. The milestone marks the official start of construction of the USA's first new reactor in 30 years. The basemat provides a foundation for the containment and auxilary buildings that are within the unit's nuclear island.

Lockout Tagout, Valve Interlock and Valve Actuation experts Total Lockout (Safety) Ltd have launched an innovative valve lever, torque multiplier device specifically for turning lever operated valves which have become stiff to operate due to arduous service or infrequent operation.

ArcelorMittal announces the completion of the first installment of the previously announced investment by a consortium led by POSCO and China Steel Corporation (CSC) to acquire a joint venture interest in ArcelorMittal’s Labrador Trough iron ore mining and infrastructure assets in Quebec, Canada.The consortium acquired an 11.05% interest in the joint venture for total consideration of USD 810M in cash, with ArcelorMittal’s wholly owned subsidiary ArcelorMittal Mines Canada retaining an 88.95% interest in the joint venture. As part of its strategy to build strategic relationships with key customers, the joint venture has also entered into long-term iron ore off-take agreements with POSCO and CSC proportionate to the consortium’s joint venture interests.The second instalment of the investment by the consortium, which will increase the consortium’s interest in the joint venture to 15%, remains subject to various conditions and is expected to close in the second quarter of 2013.