Company News

 Conductor Installation Services Ltd (CIS), an Acteon company, has been awarded a contract to provide a range of conductor installation services to Weatherford Colombia, on behalf of Equion Energia Ltd.

Fluor Corporation (FLR) announced that Lee C. Tashjian, vice president, Corporate Affairs, will retire from the company effective 29 June 2012. Tashjian will be succeeded by R. Clifton Webb, vice president of corporate communications for Savannah River Nuclear Solutions (SRNS).

A consortium including Australian investment bank Macquarie Group plans to build a 10-million-barrel oil storage terminal in Louisiana, at a cost of USD 600 million.

PTSC Mechanical and Construction Joint Stock Company (PTSC M&C) has won a major detailed engineering, procurement, construction, installation, hook-up and commissioning contract valuing USD 113 million in Vietnam. The contract has been awarded by Lam Son Joint Operating Company, a joint operating company between PetroVietnam Exploration Production Corporation (PVEP, Vietnam) and Petronas Carigali Overseas Sdn Company (Malaysia). As per the contract, the scope of work includes 2 wellhead platforms namely Thang Long and Dong Do with topsides weighing approximately 1100 per each, 9mi infield pipeline and 87 ton PLEMs (Pipeline End Manifold) and PLET (Pipeline End Termination).

Air valves are normally required on piping systems, for example, offshore fire fighting systems, to vent air from a pipeline/riser on pump start-up and admit air back into the system under vacuum conditions. Often they are overlooked, yet play a crucial role within a pipe/pump system. It is important that they are correctly specified with their function, size and location to help in ensuring that the system is operating efficiently.

MRC Global Inc. announced its first quarter 2012 financial results. Sales of USD 1.383 billion were up 39% from USD 992 million in the first quarter of 2011.

Foster Wheeler AG (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Abu Dhabi National Chemicals Company (ChemaWEyaat) for the provision of project management consultancy (PMC) services for an aromatics complex and the supporting infrastructure.

Tata Steel has won a major contract worth more than GBP 100 million to provide pipe for Discovery Producer Services L.L.C.

 The Dow Chemical Company (DOW) will construct a new world-scale ethylene production plant at Dow Texas Operations in Freeport, TX.

Chilean generator and gas distributor GasAtacama will submit an EIA for the construction of the country's third LNG regasification facility near the town of Mejillones in northern region II.