Technip secures 2 contracts for TEN project, Ghana
Technip, leader of a consortium with Subsea7, has been awarded two contracts for the TEN Project located offshore Ghana at a water depth reaching up to 2,000m by Tullow Ghana. Subsea 7 awarded two contracts offshore Brazil
Subsea 7 won two contracts from Petrobras worth (at the time of contract signature) in excess of USD 600M. The contracts are for operation of the Pipelay Support Vessels (PLSVs) Seven Mar and Seven Condor on a day-rate basis for approximately three years, with operations starting toward the end of 2013 for Seven Mar and in the third quarter of 2014 for Seven Condor.
Tata Steel builds ultra-modern VIM furnace
Tata Steel plans to build a Vacuum Induction Melting (VIM) furnace at its Stocksbridge site in South Yorkshire, UK. The cutting-edge VIM furnace will allow Tata Steel’s Speciality Steels business, which already supplies steel to aircraft engine and airframe makers, to expand its product portfolio further.
ArcelorMittal Acindar invests in new rolling mill
ArcelorMittal Acindar is to invest USD 100M in a new rolling mill in Santa Fe province, Argentina. The rolling mill will have a capacity of 400,000t a year and will manufacture steel bars for civil construction.
APIH announces direct investment opportunity
Asia Pacific Investment House (APIH) confirmed positive early indications for newly announced direct investment opportunity for the Long Luck Steel Manufacturing Mill in Bangkok.
The steel mill will be located across 40 acres of industrial estate in the Samutsakorn District, Zone 1 Bangkok.
The steel mill will be located across 40 acres of industrial estate in the Samutsakorn District, Zone 1 Bangkok.