Company News

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.

Australia’s Thiess Pty Ltd has secured a contract with Bechtel to undertake site preparation works for the downstream portion of the Chevron-operated Wheatstone Project, a LNG and domestic gas project in Western Australia.

ThyssenKrupp VDM GmbH has placed an order with SMS Siemag for the supply of a new 2.7m heavy plate stand for their Siegen, Germany location.

Sunoco, Inc. has entered into exclusive discussions with The Carlyle Group, a global alternative asset manager, regarding a potential joint venture involving Sunoco's 330,000 barrel-per-day refinery in Philadelphia.If a transaction were to go through, Sunoco would contribute its Philadelphia refinery assets in exchange for a non-operating minority interest in the joint venture.

Nord Stream has completed the laying of the second section of the gas pipeline."By the end of 2012 upon completion of start-up and commissioning the section will be ready for supplying gas to Europe," the company said.

Rio Tinto will put driverless trucks into a production iron ore mine in Western Australia's Pilbara region, following a five truck trial in its West Angelas mine. The company will deploy ten automated Komatsu haul trucks to the Junction South East pit of its Yandicoogina mine.