Company News

In this section you can find updates from suppliers, manufacturers, fabricators and stockists of stainless steel material. This company news section is updated regularly with the latest company news from within the global stainless steel world community. If you wish to include your news release on our website and email newsletter, please feel free to contact the editor.

Foster Wheeler wins NZ contract

Foster Wheeler has announced it has been awarded a USD 90 million contract by the New Zealand Refining Company Ltd. (NZRC) for the Future Fuels clean fuels project.

Oil firms plan large African investments

The world's "big five" energy companies – Total, Chevron Texaco, Exxon Mobil, Shell and BP – are all set to continue to play a major role on the African continent.

Qatar Petroleum signs gas deal with Exxon

Qatar Petroleum and ExxonMobil Corporation have signed a Heads of Agreement (HOA) to supply liquefied natural gas (LNG) from Qatar to the USA for a term of 25 years.

Thermal power plant in Zhengzhou

China Resources Power (CRP), a unit of China Resources Group, has confirmed it is to invest 1.8 billion yuan to set up a joint venture thermal power plant in Zhengzhou, Henan province.

Shell poised to sign Qatar GTL deal

Royal Dutch/Shell is poised to stage a major comeback in Qatar by sealing a USD 4 billion gas-to-liquids (GTL) project with the Gulf state.

Sabic to build second EG plant

Saudi Basic Industries Corporation will construct a new Ethylene Glycol (EG) plant at Jubail United Petrochemical Company.

Saudi gas project

Saudi Arabia has signed a deal with a consortium led by Royal Dutch/Shell for a USD 2 billion gas project and unveiled plans to issue tenders for another three projects as part of plans to boost gas production.

Abu Dhabi oilfield development

The Abu Dhabi Company for Onshore Oil Operations (ADCO) has awarded VECO the front-end engineering and design contract (FEED) for the development of the new Huwaila oilfield located 30 km south of the existing Bu Hasa field.

Petrotrin to upgrade Point a Pierre refinery

Trinidad and Tobago's state-owned oil and natural gas company Petrotrin has announced it will spend USD 1 billion to upgrade its refinery on the island of Point a Pierre.

Chinese newsprint mill

Pan Asia Paper Company Ltd has announced a joint venture with Hebei Longteng Paper Corp. to build and operate a newsprint mill in China.