Shell signs agreements for CCS project
Shell has signed agreements with the Governments of Alberta and Canada to secure USD 865 million in funding for its Quest Carbon Capture and Storage (CCS) Project in Canada. The Quest Project will capture and permanently store deep underground more than one million tonnes of CO2 per year
Carpenter Tech acquires Oilfield Alloys
Carpenter Technology Corporation has acquired Oilfield Alloys Pte Ltd for USD 4.8 million. Located in Singapore, Oilfield Alloys manufactures and distributes directional drilling equipment to the Asia-Pacific region.
Marathon Oil completes spin-off
Marathon Oil Corporation has completed the spin-off of Marathon Petroleum Corporation, making Marathon Oil an independent upstream company. As an independent upstream company, Marathon Oil will have the opportunity to focus on strategic priorities
Sumitomo Metals to acquire Standard Steel
Sumitomo Metal Industries, Ltd. (Sumitomo Metals) and Sumitomo Corporation will acquire Steel Wheel Acquisition Corporation (SWAC), the parent company of Standard Steel, Inc. (Standard Steel) located in the US.
Harsco wins enviro solutions contracts
Harsco Corporation has been awarded two new environmental solutions contracts by JSW Steel Ltd. Valued at a combined total of over USD 135 million, the contracts take place over a 10 year period, adding to Harsco’s emerging presence in India