Company News

FMC Technologies and Technip signed an agreement to form an exclusive alliance and to launch Forsys Subsea, a 50/50 joint venture that will unite the skills and capabilities of two subsea industry leaders.

Tata Power, India’s integrated power company, successfully commissioned a second unit of 63MW of its 126MW Dagachhu Hydro Power Corporation (DHPC) in Bhutan.

Millennium Energy Corporation has appointed Irvin E. Richter as its chairperson and CEO effective immediately. Richter will guide the company in all of its worldwide operations and implement its new direction into renewable energy and property development.

ArcelorMittal Europe – Long Products supplied more than 20,000t of rebars for the construction of seven new underground stations as part of the expansion of Warsaw underground.

Vedanta, India’s diversified natural resources company, has been declared as India’s ‘Best Diversified Exporter’ at the ECGC (Formerly Export Credit Guarantee Corporation of India) – D&B (Dun & Bradstreet) Indian Exporters’ Excellence Awards 2015. The award instituted by ECGC serves as a driving point for the exporters to pursue excellence and demonstrate exemplary performance.

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.