Sandvik outlines future plans at Capital Markets Day
Sandvik held its fully booked Capital Markets Day in Sandviken, Sweden, on 24th of September. Growth and operational excellence were the key themes. CEO Olof Faxander outlined his plan for the next three to four years, including the company’s shift toward fast-growing markets, higher returns and reduced earnings volatility.
RAO / CIS OFFSHORE 2013
The 11th International Conference and Exhibition for Oil and Gas Resources Development of the Russian Arctic and CIS Continental Shelf was hold on 11-13 September in St.-Petersburg. Corrotherm developing Chinese market
Nickel alloy specialist, Corrotherm International, continues to expand its global reach, with the announcement of a new office in the industrial, port city of Dalian, situated in Liaoning province of North East China.
TMK supplies pipes to ONGC
TMK, a leading producer of tubular products for the oil and gas industry, shipped pipes for the construction of offshore pipelines for Oil and Natural Gas Corporation (ONGC), India’s state-run oil company.
The new delivery is part of the company’s cooperation with India’s largest oil producer for a number of consecutive years. Essar Energy gets new CEO
Essar Energy, the India-focused integrated energy company, appointed Sushil Maroo as the CEO and a director of Essar Energy following Naresh Nayyar, the current CEO’s decision to step down. Siri Island to become major gas export hub
Managing Director of the Iranian Offshore Oil Company (IOOC), Mahmoud Zirakchianzadeh, has announced Iran’s Siri Island is set to become the country’s gas export hub. BHEL to provide gas turbines to Kochi Refinery pro
Bharat Heavy Electricals Limited (BHEL) has won a contract for supplying the Gas Turbine Generator package for an energy efficient and environment-friendly co-generation captive power plant at the Kochi Refinery in Kerala.