USA: clean coal
Cleco Corp.’s electric utility subsidiary, Cleco Power, has announced the construction of a new generating unit incorporating Clean-Coal Technology.
China: pipeline
A private Chinese company plans to build the country’s first oil pipeline to Russia underscoring growing Chinese interest in tapping Siberian petroleum resources.
Vietnam: stainless steel plant
Vietnam has given approval to a Taiwan company to build a USD 650 million stainless steel factory in the province of Ba Ria Vung Tau.
USA: new 2000 horsepower land rigs
Rowan Co., has announced that it has been awarded term drilling contracts from three different operators covering six new LEWCO/SourceOne land rigs.
Precision Castparts aquires
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.