Tag: investment
BP to invest USD $9 billion in Mad Dog field
BP is to go ahead with the USD $9 billion Mad Dog Phase 2 project in the deepwater Gulf of Mexico just over 300 km south of New Orleans.
GE Oil & Gas invests $25 M in LNG project
GE Oil & Gas has invested a USD $25 million equity stake in Tellurian Investment's Driftwood liquefied natural gas project.
Alco Valves invests in Mazak precision machinery
Alco Valves Group, with North American operations in Houston, Texas, has recently invested in the latest Mazak lathe/milling machinery.
Sabic considering shale gas investments
Saudi Basic Industries Corp., the world’s second-biggest chemicals manufacturer, plans to expand investment in US shale gas projects through joint ventures, according to acting Chief Executive Officer Yousef al Benyan.
ArcelorMittal: CAD $2.1 billion dollar investment
ArcelorMittal announced on May 20th the expansion of its Mont-Wright mining complex and additional construction at Port-Cartier. The investment will allow ArcelorMittal Mines Canada to increase its annual production of iron ore concentrate from 14 million tons to 24 million tons by 2013. AMMC is also evaluating increasing its production of iron ore pellets from 9.2 million tons to 18.5 million tons. The scheme represents a total investment of CAD $2.1 billion dollars that will create 8,000 jobs during construction and more than 900 permanent jobs once completed. This project is subject to environmental and other regulatory approvals.