ABB wins order for next gen Arctic icebreaker
The Baltic Shipyard Ltd has awarded ABB with an order to supply powerful propulsion and energy efficient electrical systems for a new icebreaker vessel under construction for Russia’s state shipping company Rosmorport FSUE. Evergreen Pacific Partners teams up with PAC Stain
Evergreen Pacific Partners announced on September 12 that it has purchased a majority stake in PAC Stainless, LTD. Sumitomo Metals invests in Standard Steel
Sumitomo Metal Industries, Ltd. has announced that it will make a capital investment in its U.S. subsidiary, Standard Steel, LLC.
Chevron acquires Delaware Basin Acreage
Chevron Corporation has announced that its subsidiary, Chevron U.S.A. Inc., has agreed to acquire 246,000 net leasehold acres in the Delaware Basin in New Mexico, a part of the Permian Basin, from Chesapeake Energy Corporation.
Fluor and Dow team up for Propylene Production Pro
Fluor Corporation has announced that it has been awarded an engineering, procurement and construction management (EPCM) contract by The Dow Chemical Company for a propylene production asset project in Freeport, Texas.
GE & Petrobras sign record contract
GE Oil & Gas has signed a record deal of nearly $1.1B (USD) with Brazilian energy company Petrobras. This is the world's largest subsea wellhead production contract.