Saudi Aramco, Sinopec to sign refinery deal
Saudi Aramco will sign a final deal next week to build a new 400,000 barrels per day (bpd) oil refinery in Yanbu with China's Sinopec Group. Siemens to modernize bar and bar-in-coil mill
Siemens VAI Metals Technologies has received an order from Shougang Tonghua Iron & Steel Co. to provide equipment to modernize the bar mill in Tonghua. BP gains Angola acreage for deepwater exploration
BP has gained access to an additional five production and deepwater exploration blocks offshore Angola, giving the company a leading position in the country with interests in 32,650 square kilometers over nine blocks. Harald Pihl acquires THG Titan
Harald Pihl, owners of Europe´s largest inventory of specialty alloys and titanium, has acquired Germany’s THG Titan.
Backers of Northern Gateway pipeline emerge
In a filing with Canada’s National Energy Board, Suncor Energy Inc., Nexen Inc., Cenovus Energy Inc. and Total SA said that they plan to ship oil on Enbridge Inc.’s controversial Northern Gateway pipeline.