Company News

The Board of Directors of Petro Matad announced the appointments of Enkhmaa Davaanyam as non-executive, non-independent chairperson and Ridvan Karpuz as CEO of the company.

Steel & Tube Holdings (S&T) has entered into an agreement to acquire the business and assets of Manufacturing Suppliers Limited and its related companies (MSL). MSL is one of the largest fastenings businesses in New Zealand.

Product Specialist Bheru Shankar will take on a new role within the sales team at Sandvik’s Middle East office.

ArcelorMittal announced that Simon Wandke has been nominated as the executive vice president of ArcelorMittal and promoted to CEO of ArcelorMittal Mining, with immediate effect.

EVRAZ started developing a new grinding balls production facility at Nizhniy Tagil Steel Plant. All project engineering activities will be completed by 2016, with commissioning scheduled for Q3 2017.

OneSubsea®, a Cameron and Schlumberger company, signed an agreement establishing a worldwide non-incorporated alliance with Subsea 7 to jointly design, develop and deliver integrated subsea development solutions through the combination of subsurface expertise, subsea production systems (SPS), subsea processing systems, subsea umbilicals, risers and flowlines systems (SURF), and life-of-field services. The alliance will bring together Subsea 7’s experience and technology in seabed to surface engineering, construction and life-of-field services with OneSubsea’s unique reservoir expertise and state-of-the-art subsea production and processing systems technologies.

Xodus Group has been awarded a contract for the vibration assessment and analysis on the oil train piping and structures for Zakum Development Company (ZADCO) at Zirku Island, 140km north-west of Abu Dhabi. The work, valued at over USD 600,000, will pull in services from Xodus’ process, piping, instrumentation and structural teams.

Yong Steel Group, an iron and steel producer in China, has managed to extend the service life of its pulverised coal injection (PCI) lance tubes – one of the most important blast furnace components – from one month to one year by replacing standard grade tubing with Sandvik 253 MA. Sandvik 253 MA is an austenitic chromium-nickel steel that is designed for excellent high temperature oxidation resistance and carburisation corrosion resistance and good high temperature strength.

Mechel, Russian mining and metals company, is supplying rebar, structural shapes and hardware rolls for construction of Power of Siberia and Altai gas pipelines.

OneSubsea, a Cameron and Schlumberger company, has been awarded a contract worth more than USD 60M for the Shah Deniz Two development, operated by BP, offshore Azerbaijan.