Company News

Genie Energy, an independent retail energy provider and a developer of unconventional energy projects, appointed Chairman Howard Jonas to assume the additional role of CEO effective January 1, 2014. Jonas has served as Genie's chairman since it was spun off from IDT Corporation in 2011.

E.ON, UK's leading power and gas company, submitted a planning application for the Strathy Wood wind farm development to the Scottish Government's Energy Consents Unit. The wind farm, located near Strathy, Sutherland, could generate up to 78MW of electricity – enough to power around 52,535 homes with clean, renewable energy.

Kentz Corporation, the holding company of the Kentz engineering and construction group secured a five-year framework contract for general engineering services on the SAMREF refinery in Saudi Arabia. SAMREF is a complex refinery formed for the development, construction, ownership and operation of crude oil refining facilities in Yanbu, Saudi Arabia.

Petrofac, in a 50-50 joint venture with Korean based Daelim Industrial Co (Daelim) has been awarded a 36-month Engineering, Procurement and Construction (EPC) contract by Oman Oil Refineries and Petroleum Industries Company (ORPIC).

Ovako appointed Mathias Tillman as the new president of Business Area Ovako Bright Bar in Hällefors, and a member of the group management.

Stratum Metals’ drilling of priority Gold and Nickel targets on the East Menzies Goldfield Project is expected to be completed by contractor NDRC Drilling (NDRC) for shares in Stratum.

DK Jones Ltd celebrated three decades as an international supplier of piping and associated products. The company initially began in 1983 as a UK sales agent of several European manufacturers of fittings and flanges.

Kobe Steel and China’s Angang Steel Company, a subsidiary of Anshan Iron & Steel Group Complex, signed a joint venture agreement today in Anshan, Liaoning Province, to establish a joint venture in China to produce and sell advanced cold-rolled high-strength steel sheet for automobiles.

Gerdau received the Safety and Health Excellence Recognition 2013 award that evaluates occupational health and safety programmes implemented in the steel industry at the 47th annual conference of the World Steel Association.

Kobe Steel is planning to establish a company in the Xiqing Economic-Technological Development Area in Tianjin, China to produce aluminium sheet for automotive body panels.