Company News

Sumitomo Corporation has developed and installed the first large-scale power storage system in the world that utilises used batteries collected from electric vehicles.

Deltamarin signed a contract with the Malaysia-based international offshore oilfield services provider, Bumi Armada, for the basic design of a floating production, storage and offloading (FPSO) unit.

Proserv has secured two major contract wins in the Gulf of Mexico worth a combined USD 17M. The deals with Noble Energy and Talos Energy will see Proserv carry out work at the operators’ respective Gunflint and Phoenix Field Expansion developments.  Two deepwater wells will be controlled at Noble Energy’s Gunflint field in the Mississippi Canyon area – around 70mi from the Louisiana coast.

Great Yarmouth-based Sonar Equipment Services will now trade under the name of Subsea Technology & Rentals (STR).

German manufacturer of drilling rigs and equipment, Bentec has won its largest single contract in its 20-year history.

Bendix Commercial Vehicle Systems, the North American company developing and manufacturing safety, energy management, and braking system technologies, appointed Thomas Doll as the vice president, Global Purchasing Excellence.

IPP Group is pleased to announce the appointment of Ian Crabtree as Business Development Director, effective 27 January 2014.

Hypertherm, a manufacturer of plasma, laser, and waterjet cutting systems, has announced the transfer of all its common stock into an Employee Stock Ownership Plan (ESOP), making the company 100% employee-owned under an S-Corporation structure.

POSCO launched ‘POSPIA 3.0’, the POSCO Family’s unique future management system, in January at POSCO Indonesia’s integrated steelworks.

Mechel OAO, the Russian mining and metals companies, appointed the company’s senior vice-president for economics and management, Oleg Korzhov, as its CEO starting January 2014.