Projects

Jacobs Engineering Group Inc. has received a contract from the San Francisco Bay Area Rapid Transit (BART) to provide on-call construction management services supporting the agency’s Capital Improvement Program and delivery of design-bid-build, design-build and procurement projects at a maximum value of $20 million.

Chevron Corporation has announced a $36.7 billion capital and exploratory investment program for 2013. "Consistent with long-stated strategies, we're investing in a portfolio of very attractive oil and gas projects that will deliver volume growth and real value to our stockholders," said Chairman and CEO, John Watson.

Technip has been awarded an engineering, procurement, commissioning and installation (EPCI) contract by BG International Ltd.

Velan Inc. wholly owned subsidiary Velan Valves India Pvt. Ltd. (VVI) located in Coimbatore, Tamil Nadu, India, opened its new manufacturing plant in December. The opening was celebrated with a special inauguration ceremony, presided over by President and Chief Executive Officer of Velan Inc.

Reaching another milestone in the construction of a third hydro tunnel built below the city of Niagara Falls, Ontario, Canada, water has begun to fill up the intake area at the Chippawa end of the Niagara Tunnel Project.

Renewable energy company focused on the development, production and sale of electricity from geothermal energy, U.S.

Foster Wheeler AG has acquired Three Streams Engineering, Ltd., a privately held engineering company located in Calgary, Alberta, Canada. “The acquisition of Three Streams is part of our stated strategy to grow the upstream capabilities and the geographic footprint of our Global Engineering and Construction Group,” said Chief Executive Officer of Foster Wheeler AG, Kent Masters.

BP has sold a number of its oil and gas fields in the deepwater U.S. Gulf of Mexico to Plains Exploration & Production Company (PXP).

Marathon Oil Corporation has announced a $5.2 billion capital, investment and exploration budget for 2013. About $1.9 billion, of which is targeted to the Eagle Ford shale play in Texas.

After recent speculation in French media, Tullow Oil plc has announced that the Zaedyus-2 appraisal well (GM-ES-2), offshore French Guiana, has completed drilling.