Company News

Precision Castparts Corp. (PCC) has entered into a definitive agreement to acquire Special Metals Corp. (SMC), for USD 540 million in cash, including the repayment of SMC’s outstanding debt.

Reliance Industries Ltd (RIL) will be investing in its Hazira petrochemicals plant within the next year.

E.ON (UK) is to build one of the UK’s largest underground gas storage facilities after it acquired a company from ScottishPower that had gained full planning permission to develop the site.

Zenon Environmental has received a purchase order for its first drinking water treatment plant in New York State:

Fluor Corporation has been awarded a contract by Saudi Arabia’s Project Management & Development Company Ltd (PMD) to provide front-end engineering and design and project management consultancy services for the USD 3.5 billion Jubail petrochemicals complex.

Shell and Dutch energy company Nuon have signed the final contracts for their joint realisation of the first Dutch offshore wind farm, located at Egmond aan Zee, 10 miles outside the Dutch coast.

Oil and Natural Gas Corp. may take up the 20% stake Malaysia’s Petronas has abandoned in a USD 2 billion liquefied natural gas project in Iran.

Areva T&D has won two new grid reinforcement contracts in Brazil totaling EUR 40 million.

Anadarko Petroleum (Canada) and Dominion Oil and Gas has awarded Aker Kvaerner the subsea umbilical and production control contract for its Independence Development.

ICA Fluor, Aliso Viejo, California, USA, the industrial engineering and construction company, jointly owned by Fluor Corp. and Empresas ICA Sociedad Controladora, has announced the signing of a contract for the engineering, procurement, construction and start-up support services for a modular cryogenic plant for Pemex Gas y Petroquímica Básica.