Company News

Queiroz Galvão Óleo e Gás (QGOG) and Sete Brasil signed charter and service agreements for three semisubmersible drilling rigs to be built at the BrasFels shipyard in Brazil.

Brazil leads the global production of biopolymers, an industry that generates fewer greenhouse gas emissions than fossil fuel-based plastic manufacture.

Plans for two new ethanol-based plastics plants in Brazil and a naphtha-based polypropylene plant that were set to break ground this year will be delayed by Braskem SA until 2013.

With an investment of nearly EUR 5 million, Varzene Metal has constructed a facility making cold drawing process in stainless steel, titanium and special alloy steel in Turkey.

Raytheon Professional Services LLC (RPS), a subsidiary of Raytheon Company, announced that Michael Ross, a graduate of the automotive apprenticeship program run by RPS for Vauxhall Motors, was recognized for his outstanding achievements in the IMI Awards, the U.K.

IPP Group has announced the appointment of Anna Amoros Ayala to the position of Sales Manager effective immediately.

Excelerate Energy of USA has entered into a shipbuilding option agreement with Daewoo Shipbuilding and Marine Engineering (DSME) for the delivery of up to eight Floating Storage and Regasification Units (FSRUs) between early 2015 and early 2017. The agreement affords Excelerate, the world’s largest operator of regasification vessels and developer of LNG import solutions, the ability to increase its fleet of nine FSRUs as global demand for LNG import solutions continues to expand rapidly.

A Victorian company has won a USD 21 million construction contract for the Wheatstone LNG project in Western Australia, and become the first Australian firm recognized as a certified global supplier of electrical equipment to international energy giant Chevron.

Iron ore and titanium deposits with estimated reserves of 5 million tons have been found and inventoried during prospecting activities carried out by the Mozambican Ministry for Mining Resources in Tete province.

Kinder Morgan Energy Partners, L.P. will acquire 100% Tennessee Gas Pipeline (TGP) and a 50% interest in El Paso Natural Gas (EPNG) pipeline from Kinder Morgan, Inc.