Company News

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.

Occidental Petroleum Corporation announced the election of William R. Klesse, chairman of the Board and CEO of Valero Energy Corporation, and Gene L. Batchelder, former senior vice president and chief administrative officer (CAO) at ConocoPhillips to its Board of Directors.

Sverdrup Steel UK Ltd, the International subsidiary of Sverdrup Steel AS, Norway, celebrates the completion of a successful first year of business and the award of NS- EN ISO 9001: 2008 accreditation. “The Sverdrup Steel Group is very happy with the first year of operations in the UK.

Adding to its extensive capability in supplying material to the oil and gas industry worldwide, Sandvik has successfully been qualified according to NORSOK M650 edition 4 for the MDS R18 and MDS R11 standard for its seamless austenitic stainless steel hydraulic and instrumentation tube and pipe products in grade Sandvik 254 SMO (UNS S31254) for use in oil and gas applications. The NORSOK standards are developed by the Norwegian petroleum industry to ensure adequate safety, value adding and cost effectiveness for petroleum industry developments and operations.