Company News

JFE Steel Corporation, Marubeni-Itochu Steel Inc. (MISI) and Senaat GHC, a private joint-stock general holding company owned by the government of the Emirate of Abu Dhabi, announced that they have agreed to establish a joint-venture company in Abu Dhabi, called Al Gharbia Pipe Company, to manufacture and sell large-diameter welded steel pipes, mainly for the energy industry. Photo courtesy of JFE Steel Corporation The new company, leveraging JFE Steel’s technology for high-quality large-diameter welded steel pipes, MISI’s sales capabilities and Senaat’s industrial footprint in Abu Dhabi, will manufacture and sell high-grade large-diameter steel pipes to energy companies in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE, the six member countries of the Gulf Cooperation Council (GCC). JFE Steel will participate in the joint venture under the Abu Dhabi-Japan Business Promotion Initiative of the Japan Cooperation Center for the Middle East.

Northcote, an onshore US oil and gas exploration and production company, announce that Abraham Achar has joined the company as full time executive vice president – Mexico.

PAO Severstal, the vertically integrated steel and steel-related mining companies, won a tender to supply about 160,000t of large diameter pipes for Gazprom's major gas transmission project Power of Siberia.

Tourmaline Oil Corp. has entered into a transaction to acquire Perpetual Energy’s interests in the West Edson area of the Alberta Deep Basin.

Kurion, an innovator in nuclear and hazardous waste management, announced it has appointed Jacques Besnainou as president.

AK Steel announced that the company’s Middletown (OH) Works coke plant has received the Max Eward Safety Award from the American Coke and Coal Chemicals Institute (ACCCI), an industry trade organisation based in Washington, D.C.

GE announced the official opening of a new oil and gas facility in Broome, Western Australia, specifically designed to service subsea projects.

Chinese company Sinohydro awarded a EUR 58M to Alstom to provide electro-mechanical equipment and technical services for Karuma Hydropower Project, Uganda’s largest electricity plant.

The Board of Grange Resources announced that Honglin Zhao has been appointed CEO of the company, effective immediately.

Golar LNG and Rosneft Oil Company have entered into a Memorandum of Understanding (MoU) that foresees co-operation between the companies in the area of floating liquefaction (FLNG) and transportation of natural gas.