Company News

The consortium of Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad’s wholly owned subsidiary Bumi Armada Offshore Holdings Limited (BAOHL) and its joint venture company, PT Armada Gema Nusantara (PT AGN), have been appointed as the FPSO Lease Contractor for the Madura BD Field via a Letter of Intent (LoI) issued by Husky-CNOOC Madura Limited (HCML).

BHP Billiton has announced a series of changes to the senior management of the company. Graham Kerr, currently CFO of BHP Billiton has been appointed as the CEO-designate of the new company that BHP Billiton plans to form in a demerger.

Engineering firm Koso Kent Introl has adopted a new sales structure to support the future global development of the business.

IBERDROLA, through its UK subsidiary ScottishPower Renewables, has received consent from The Scottish Government for 23 wind turbines at Dersalloch Hill in South Ayrshire, with a nominal capacity of up to 69MW.

Tata Steel has signed a series of contracts with Subsea 7 to supply undersea pipes to four separate North Sea projects.

Insteel Industries’ wholly-owned subsidiary, Insteel Wire Products Company (together referred to as Insteel) has completed the acquisition of substantially all of the assets associated with the pre-stressed concrete strand (PC strand) business of American Spring Wire Corporation (ASW) for a purchase price of approximately USD 36M.

Metalloinvest completed a major project as part of its investment programme with the launch of a mobile crushing and sorting plant at Lebedinsky GOK (part of Metalloinvest).

John Bell Pipeline Equipment Company has invested in a significant order of duplex and super duplex pipe, fittings and flanges to satisfy the demands of the Subsea Oil & Gas market.

Mechel has appointed Alexey Ivanushkin its first deputy CEO. Ivanushkin will be in charge of Mechel’s strategic development issues, optimising the company’s structure and disposal of non-core assets.

Barrett Steel has launched a new website for its Strip & Alloys (BSA) business to promote the range of specialist materials, including stainless steel, duplex, titanium and nickel alloy in sheet and strip for the gasket manufacturing industry worldwide.