Company News

Superior Tube, a manufacturer of precision metal tubing for safety critical applications, has received a contract from TEMA India to supply heat exchanger tubing for a new Floating Production Storage and Offloading (FPSO) vessel. The vessel is among several commissioned by Brazilian energy giant Petrobras to develop the oil reserves in the pre-salt fields in the Santos basin off the Brazilian coast.

DuPont has named Jeanmarie F. Desmond as its vice president and controller succeeding Barry J. Niziolek who has served the company for 34 years. Desmond, who joined DuPont in 1989, held the post of general auditor and chief ethics and compliance leader.

Ovako acquired Tibnor's Finnish operations and renamed the company Ovako Metals Oy Ab and is now launching a new

Siemens has received a contract for supplying the initial ten compressor trains for a major Liquefied Natural Gas (LNG) project.

The strategic alliance will see Sparrows Group's full range of services being offered through the Zamil Group. Sparrows Group is the global leader in the provision of engineered products and services in the specialist areas of lifting and handling, cable and pipe laying, and fluid power to the energy industry. Photo courtesy of The Sparrows Group The firm already has Middle East bases in Abu Dhabi,Al Khor (Qatar) and regional headquarters in Dubai. Zamil Group Holding Company is a global investment company with diverse interests and capabilities.

The Chemours Company, a global chemical company in titanium technologies, fluoroproducts and chemical solutions, announced two decisions that are elements of the company's five-point transformation plan. The company will close its Edge Moor manufacturing site located outside Wilmington, Delaware, which produces titanium dioxide (TiO2) and will shut down a TiO2 line (line 3) at its Johnsonville plant in New Johnsonville, Tennessee.

Jussi Lehto is the new CEO of Fennovoima’s main owner Voimaosakeyhtiö SF. Lehto is a member of the board of Voimaosakeyhtiö and CEO of the Finnish energy company Keravan Energia.

POSCO selected a team to receive a special reward for the first Innovation POSCO Project (IP PJT). POSCO selected the Steel Building Material Solution PJT Team as a winner pursuant to the increase of profitability of the company through differentiated ideas in order to respond to Chinese-made low-priced products, and awarded them at the Group Operations Meeting on 23 July. The Steel Building Material Solution PJT Team had an innovative idea to create valuable products using low-priced half-finished products, and created a financial result of approx.

Hannon Westwood completed the acquisition of Novas Consulting for an undisclosed sum. Following the investment by energy specialist private equity company Energy Ventures in January 2015, Hannon Westwood has been looking to expand on its leading energy business intelligence and consulting offering through a combination of acquisitions and organic development projects. The addition of Novas Consulting to the Hannon Westwood portfolio is the first step in adding new diversity to the consulting offering, bringing a team of globally experienced geoscientists, engineers and other specialists with a full suite of technical expertise and international credentials to join the market-leading research company. Ian Norbury, CEO of Hannon Westwood Aberdeen, said: “In Novas Consulting we have found an exceptional team of internationally experienced individuals offering considerable skills in upstream projects, technical due diligence, and both asset and corporate appraisal and valuation services.

Tenova, a worldwide supplier of advanced technologies, products and engineering services for the global Metals and Mining industries, announces the appointment of Andrea Lovato as the new Chief Executive Officer of the company.