Company News

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.

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

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.

The NanoSteel® Company, a specialist in nano-structured steel materials design, announced the expansion of the company’s additive manufacturing (AM) material capabilities to support metal 3D printing of complex high hardness parts and the ability to customise properties layer-by-layer through gradient material design. The company leveraged its 2014 breakthrough in AM wear materials to print a bearing and impeller using the powder bed fusion process.

Esmark Chairman and CEO James P. Bouchard announced that despite the recent efforts to reach a definitive agreement with the Republic of Serbia for the restructuring and revitalisation of the Železara Smederevo Steel Works, Esmark continues to believe its comprehensive business plan and management team provide the best possible future for the mill. Bouchard said, “As we stated at the conclusion of the negotiations in Pittsburgh last month, we remain committed to moving forward with the Republic of Serbia, and Esmark is fully prepared to enter into a management services agreement to revitalise Železara Smederevo, with the ultimate goal to acquire the facilities on or before 1 January 2016.” Photo courtesy of Esmark, Inc. “Esmark incurred more than USD 3M in due diligence and business planning expenses at no cost to the Serbian government during this process, as well as placing our expert management team on the ground in Zelezara and activating our global raw materials procurement and commercial sales operations.

AkzoNobel’s Specialty Chemicals business broke ground on a new alkoxylation facility in Ningbo, China, bringing the company’s total investment in the strategic multi-site to more than EUR 400M. The Ningbo multi-site covers around 50 hectares and accommodates production for chelates, ethylene amines, ethylene oxide, organic peroxides and Bermocoll cellulose derivatives.

Statoil (UK) has awarded the contracts for supply base and warehousing services for the Mariner field to Asco UK on behalf of the Mariner co-venturers. Asco is an international oilfield support services company, headquartered in Aberdeen.

DNV GL, the global provider of risk management services, was named the ‘Risk Management Consultancy of the Year’ at the Global Risk Awards 2015 for the second year running.

Metinvest-SMC, Metinvest Group's wholesale and retail sales channel in Ukraine, opened a new warehouse to hold a buffer stock of pipe products and a retail metal centre. Metinvest-SMC already has a sales branch and two warehouses in Dnipropetrovsk region, one of Ukraine's largest steel consuming regions.